Which is better?

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paparoach429
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Which is better?

Postby paparoach429 » Fri Jan 18, 2013 3:37 am

Which card is better fellas? Citi Forward or Chase Freedom? I dont care as much for cash back as I do rewards. I like seeing the points build up and whenever I dont want to pay for something they are offering just use them that way. I already have the Forward card with a 4k limit and was thinking about applying for the Freedom card within the next few months. How do these cards compare to each other overall as far as rewards and being able to grow with you? Also Im at that stage in my life where I want to get alot of traveling done within the next few years. How do you guys like the travelers cards like the Chase Southwest Airlines card? How much do you have to use them to benefit from the annual fee? What kind of perks do these cards offer? Thanks once again guys!


RewardHop
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Postby RewardHop » Fri Jan 18, 2013 8:20 pm

If you want to maximize rewards, you need both. Freedom has quarterly rotating 5% categories such as drug stores, restaurants, gas stations, supermarkets, etc. Forward is strictly 5% on Dining, Bookstores, and entertainment(?).

The 5% on drug stores is a huge advantage because you can buy a lot of different gift cards from CVS, Walgreens, etc to cover spending at places you normally shop at. If you fill up on gas, the Freedom has 2 quarters (6 months) of 5% back on gas stations.

For the Southwest Visa, if you can get in on the 4 free flights sign up bonus AND you fly Southwest round trip once+ a year, you can pretty much get your annual fee back every year.
[size=60]
Amex BCE: 3% grocery, 2% gas
Bank of America Better Balance Rewards MC: $25/quarter bonus
Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
Capital One Quicksilver Visa Signature: 1.5% everything
Chase Freedom Visa Signature: 5% rotating
Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
Discover It: 5% rotating
SallieMae MC: 5% Groceries, Gas, Amazon
US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
Sock Drawered: Chase Sapphire, Chase Amazon[/size]

paparoach429
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Postby paparoach429 » Wed Jan 23, 2013 2:47 am

Anybody else have insight on this?


beef.stu
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Postby beef.stu » Wed Jan 23, 2013 2:51 am

I would also suggest getting both. Use the forward for its 5% categories and use the freedom for its 5% categories. Im planning on adding the freedom as my next card and I was thinking about adding the citi forward after, but it seems like they have gotten rid of the regular forward and just offer the student version now.
[size=60](01/10) - Wells Fargo VISA Platinum
(05/10) - Chevron GEMB
(10/12) - Amex BCE
(02/13) - Chase Freedom VISA
(09/13) - Discover It
(03/14) - Sallie Mae WMC
[/size]

paparoach429
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Postby paparoach429 » Wed Jan 23, 2013 3:29 am

The Freedom is a cash back card though right? not a points card? How does the cash back work? Is it instant and gets deducted on your statement or do you manually have to use it at a desired time? Also on regards to the Forward card, me and my girlfriend have different versions but not sure which is which. I have the dark green version and she has the light green and white version. On their website they show mine as being the student version and hers being the discontinued regular version. The wierd thing is that I wasnt a student at the time I got approved and she was. Also what is normally needed for the Freedom card? I heard of alot of my friends who bank with Chase got rejected for the Freedom, granted they had no credit history but you have to start somewhere. My scores are near 700 with still the 1 30 day late.

cashback
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Postby cashback » Wed Jan 23, 2013 8:54 am

Freedom is a points card that can be redeemed for 5% cash back (or other things if desired). It is part of Chase's Ultimate Rewards program. Points are accrued and redeemed whenever you want.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

FutureBillionaire
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Postby FutureBillionaire » Wed Jan 23, 2013 9:40 am

You need both, especially if you don't have another 5% card.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape


cashback
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Postby cashback » Wed Jan 23, 2013 11:57 am

FutureBillionaire wrote:You need both, especially if you don't have another 5% card.


Agreed. You do need both (and more!) lol.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

hematino
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Postby hematino » Wed Jan 23, 2013 2:09 pm

I agree with everyone that says you need both. However, if its strictly one card you want to go for, judging by what your original post says, Forward sounds like a better fit. You will get plenty of Thank You Points for spending in the bonus categories and they don't change. Approval seems to be easier than Freedom too. Citi is really sneaky with point redemption so make sure you don't get ripped off by redeeming for either flights or $100 increment gift cards if the gift card you want is offered in that amount. Anything less and you won't be making 1 cent per Thank You Point. I personally prefer the Freedom card. Good luck!
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FutureBillionaire
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Postby FutureBillionaire » Wed Jan 23, 2013 2:13 pm

hematino wrote:I agree with everyone that says you need both. However, if its strictly one card you want to go for, judging by what your original post says, Forward sounds like a better fit. You will get plenty of Thank You Points for spending in the bonus categories and they don't change. Approval seems to be easier than Freedom too. Citi is really sneaky with point redemption so make sure you don't get ripped off by redeeming for either flights or $100 increment gift cards if the gift card you want is offered in that amount. Anything less and you won't be making 1 cent per Thank You Point. I personally prefer the Freedom card. Good luck!


Good advice about the points.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape



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