Most BANG for your buck card.

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
15 posts
kdm31091
Centurion Member
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Posts: 1009
Joined: Sat Feb 21, 2015 3:35 pm
Location: Claymont, DE

Postby kdm31091 » Wed Apr 08, 2015 5:53 pm

Taalar wrote:Thanks for the feedback, I will check out that card careful builder. I have several cards as well :) looking to see if there was another one worth getting. To those curious, I spend most of my money at restaurants, gas, and groceries with travel next. I seldom stay in Hotels and when I do they are usually paid for. :)


With that being the case, make sure you do the math and see if you spend enough on travel to justify the AF on the CSP or similar travel cards. They do require quite a bit of spend to "break even" with the AF, let alone make a "profit" in rewards. (This is after the first year's bonus).


dickdaney
Green Member
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Posts: 9
Joined: Sun Mar 29, 2015 9:40 am
Location: USA

Postby dickdaney » Wed Apr 08, 2015 5:56 pm

jimmy.lgx wrote:Does anyone ever go for a lower interest rate instead of rewards? That is what I was brought up to think but does anyone else think that?



Rewards cards just don't make since if you don't pay them off. They usually start at 15%+ interest and have an annual fee. Maybe you could squeeze 4% cashback (or equivalent) per year. If you can't pay your balance off, it's better to have a lower rate card or open and cycle through some 0% interest balance transfer cards until you get the balance to zero.
Amex PRG
Amex Delta Platinum
Bank of America Travel Rewards
Chase Sapphire Preferred

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Vattené
Centurion Member
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Posts: 1157
Joined: Sun Jan 26, 2014 3:55 am
Location: US

Postby Vattené » Sat Apr 18, 2015 4:36 pm

Taalar wrote:CarefulBuilder, thanks! I am going to consider it. It looks like based on my level of spending and the way I use cards... and the fact I don't like to carry to many I am pretty good. Just out of curiosity, what card gives 5% on gas now?


Barclay issues the Sallie Mae credit card. It offers 5% cash back on gas all year, but there is a $250 monthly cap. It also has 5% back on groceries and bookstores with a $250 and $750 monthly cap, respectively. 1% elsewhere. No annual fee.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

JamesMS
Centurion Member
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Posts: 151
Joined: Mon Apr 13, 2015 6:17 pm
Location: Fort Worth, TX

Postby JamesMS » Sat Apr 18, 2015 5:17 pm

jimmy.lgx wrote:Does anyone ever go for a lower interest rate instead of rewards? That is what I was brought up to think but does anyone else think that?


I believe that most people, me included, try to pay off all balances before the due date to avoid any interest payments.
Main Cards:
Amex BCE
Amex Everyday
Bank of America Cash Rewards
Chase Freedom
Capital One Quicksilver
Citi Thank You Preferred

Spark Cash Back (Business), Amex Plum (Business)

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CarefulBuilder14
Centurion Member
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Posts: 3745
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Postby CarefulBuilder14 » Sun Apr 19, 2015 10:11 am

Vattené wrote:Barclay issues the Sallie Mae credit card. It offers 5% cash back on gas all year, but there is a $250 monthly cap. It also has 5% back on groceries and bookstores with a $250 and $750 monthly cap, respectively. 1% elsewhere. No annual fee.


Yes, Sallie Mae is good if you don't exceed the cap.

If you're a member (I'm not), Sam's Club MC is great.

I get gas at Costco (PRG for simplicity - EDP or TrueEarnings would offer better rewards) and Mobil (Freedom if during a 5% quarter, then Discover if 5%, then Sallie Mae if neither is having 5%).
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when



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