Best reward CC for avid traveler that spends $200k yr on card?

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
5 posts
maKINGwaffles
 
Posts: 2
Joined: Sun Dec 28, 2014 11:01 am
Location: SC

Best reward CC for avid traveler that spends $200k yr on card?

Postby maKINGwaffles » Sun Dec 28, 2014 12:46 pm

I've done a lot of research on best travel CC's and am still confused as to which will return the best rewards for me.

Couple things to consider:

-I run an LLC where I put $200k a year on a CC.
-Currently Blue Amex and Visa Signature
-I use all my points and reward dollars on travel
-Most of my purchases are online and would not qualify for multiple points.

When looking at CC's I have come down to:

Chase Saffire Preffered - 40k pt bonus & 1 pt on everything + 1:1 transfer to other programs
Barclays Arrival Plus - 40k pt bonus & 2x pts on everything + 10% back when used on travel
Capital One Venture - $400 bonus & 2 points on every purchase
Quiksilver Capital One - $100 bonus & 1.5% on everything

Think I've mainly narrowed it down to Chase Saffire and Barclays Arrival Plus. With me spending $200k a year on the card, my situation is different than most, so I wanted a second opinion. From the surface, it seems Barclays is a clear win, but when reading reviews it seems I may be better off with Chase.

Thanks in advanced for any help you can offer. I know this is my first post but I hope to learn more on this forum and in turn offer advice to others once I gain knowledge.


Darrvao777
Platinum Member
Platinum Member
 
Posts: 86
Joined: Tue Jul 22, 2014 9:23 am
Location: NYC

Postby Darrvao777 » Sun Dec 28, 2014 11:40 pm

If you spend that much a year, you should be spreading it across multiple cards to really cash in on all the bonuses
- Fidelity Visa
- Citi Double Cash
- Amazon Prime Store Card

takeshi
Centurion Member
Centurion Member
 
Posts: 1741
Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Postby takeshi » Mon Dec 29, 2014 8:08 am

maKINGwaffles wrote:-I run an LLC where I put $200k a year on a CC.

In what categories and what sort of volume for each category?

maKINGwaffles wrote:-Most of my purchases are online and would not qualify for multiple points.

The two aren't mutually exclusive. Give us the info and we'll determine if that's the case or not.

maKINGwaffles wrote:With me spending $200k a year on the card, my situation is different than most, so I wanted a second opinion.

The overall process for comparing is still the same. It's just a different amount of spend volume. You still need to run the numbers and compare.

maKINGwaffles wrote:From the surface, it seems Barclays is a clear win, but when reading reviews it seems I may be better off with Chase.

It's not so much about reviews as it is what suits you specifically. Can you make use of the UR transfer partners?

maKINGwaffles
 
Posts: 2
Joined: Sun Dec 28, 2014 11:01 am
Location: SC

Postby maKINGwaffles » Mon Dec 29, 2014 12:08 pm

takeshi wrote:In what categories and what sort of volume for each category?

The two aren't mutually exclusive. Give us the info and we'll determine if that's the case or not.


The overall process for comparing is still the same. It's just a different amount of spend volume. You still need to run the numbers and compare.


It's not so much about reviews as it is what suits you specifically. Can you make use of the UR transfer partners?


My business is in the music entertainment industry and I buy anything from leftover merchandise from the bands to tickets to sold out shows that I can offer to clients I consult for. Majority of my purchases are on Ticketmaster or Stubhub.

What I meant by since I spend $200k my situation is different is...the bonus does not weigh as much on my decision as the long term reward earning potential.

I've done a bit of research on the UR transfer and I think it would be advantageous as long as the Hyatt, United, and Southwest transfers work towards my favor, which I am a bit hung upon whether it will.

Thanks so much for the great response. Let me know if you need any more info in determining the best card for me. Choosing the right one could earn me thousands a year more than my current 1% cash back.

freyj6
Platinum Member
Platinum Member
 
Posts: 82
Joined: Tue Jan 28, 2014 5:29 am
Location: United States

Postby freyj6 » Tue Dec 30, 2014 3:34 am

Check out this topic:
http://creditcardforum.com/rewards/11055-depth-analysis-popular-cards.html

Off the top of my head though, I'd guess you'd do best with both. If you spend ~20k or more on travel/dining, CSP justifies its annual fee even if you only get the base 1.25% travel bonus. If you get more than one 1.25 cents out of UR points, then you need to spend even less.

The Arrival is worth getting (pretty much regardless of what other cards you have) if you have more than 40k in uncategorized spending, which it sounds like you do.

So my guess would be both. But check out the other topic and make your own decision.
Current Strategy

Chase Freedom + Discover IT + Churning



Return to “Rewards”

Who is online

Users browsing this forum: No registered users and 2 guests