Most BANG for your buck card.

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
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Taalar
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Location: New Braunfels, TX

Most BANG for your buck card.

Postby Taalar » Sat Apr 04, 2015 12:10 am

Ok, I have always focused on cash because of the flexibility as you can see by my line up. I travel, and sometimes a lot, but it is sporadic. Sometimes in country and sometimes out. I am curious what is the most bang for your buck if you take point cards into account and subtract the annual fee taking all of the different types of rewards into account. Mention sign up bonus's, but I am more interested in long term. Thanks! ;)

I just had my wife apply for the city double rewards card, but not sure if I want to unlock my credit yet for it.
Chase Sapphire Preferred Visa Signature $45,000
Chase Sapphire Reserve Visa Infiniti $15,000
Capital One Quick Silver Visa Signature $25,000
AmEx Blue Cash Preferred $35,500
B of A Visa Signature $47,500
Credit scores range 818-837


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CarefulBuilder14
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Postby CarefulBuilder14 » Sat Apr 04, 2015 10:56 am

It will be hard for anyone to give you much help without a detailed breakdown of your spending and any favored airlines or hotel brands.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

augiedog
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Postby augiedog » Sat Apr 04, 2015 11:40 pm

CarefulBuilder14 wrote:It will be hard for anyone to give you much help without a detailed breakdown of your spending and any favored airlines or hotel brands.


As what carefulbuilder has said, it's hard to know without an understanding of your spending habits and your understanding of how each rewards system works. With that said, none of us here have a single credit card... in fact we want quite a few! I just bought a new washer and dryer with 18 month financing and no reward system. The fact is there are many credit cards suited to each individuals interests and needs.
American Express: Blue Cash Everyday (10k), Everyday, ; Discover It (7.3k) ; Target (2.1k)

Citi: Diamond (2k) ; Bank of America: Cash Rewards (2.6k) ; Capital One: Quicksilver (3k) , Sony ; Chase: Freedom (3.7k), Slate (3k), (Amazon) ; Barclay Ring ; Synchrony: Walmart MC, Amazon, Ebates

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CarefulBuilder14
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Postby CarefulBuilder14 » Sat Apr 04, 2015 11:54 pm

When I first saw this thread's title, I though I'd be telling the OP about the Sportsman's Guide Visa!

I was looking at the Fairmont (Chase VS) card earlier today since I might possibly be staying at one before long. It wouldn't work for me on a long-term basis, since I generally prefer to travel semi-frequently and relatively inexpensively. It would have been a great card to get for the signup bonus, though, which I could use well.

Alas, I learned about the card too late. There would be no way I could get the card, have a statement close, and get my free night certificates in time for my trip.

However, it does look like it can offer a good value to someone who doesn't travel often but likes very nice hotels. Marriott and Hyatt place more restrictions on how you can use free nights. Fairmont only has restrictions on using them at The Plaza (you can only do it once).*

*Edit: To clarify, they have restrictions on how and when you can use the free nights. But they don't have nearly as many restrictions on which properties are eligible.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

Taalar
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Posts: 32
Joined: Thu Apr 02, 2015 6:50 pm
Location: New Braunfels, TX

Postby Taalar » Mon Apr 06, 2015 9:28 pm

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. :)
Chase Sapphire Preferred Visa Signature $45,000
Chase Sapphire Reserve Visa Infiniti $15,000
Capital One Quick Silver Visa Signature $25,000
AmEx Blue Cash Preferred $35,500
B of A Visa Signature $47,500
Credit scores range 818-837

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CarefulBuilder14
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Location: United States

Postby CarefulBuilder14 » Mon Apr 06, 2015 10:13 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. :)


For dining:

Maybe CSP. You can transfer the rewards to quite a few different airlines. Or Chase AARP for cash back.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

takeshi
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Postby takeshi » Tue Apr 07, 2015 10:18 am

The categories and amounts are important in order to make such recommendations. If there was one card that stood out on its own then we'd all use it and there would be no need for discussion. It's really a matter of what specifically suits the individual and not just the cards themselves. As stated above, many of us use multiple cards to maximize rewards for our spend and based on our individual preferences.

If the majority of your spend is non-category then something like the Double Cash may be best suited. You're already getting 6% minus the AF on the BCP for groceries with a $6K annual cap. You're already getting 3% with the BCP for gas. You could get up to 5% on gas but that may not be a significant gain -- it all depends on your level of spend in that category. While I mentioned the Double Cash for non-category spend you already have a 1.25% card so the .75% gain could also be negligible (again, depending on spend).

The points and miles cards are a bit trickier to assess but generally speaking they require more spend for one to benefit. If you went with a points/miles card what spend would you allocate to it? For some programs you really need to leverage the transfer partners to maximize point value so that's yet another thing that you need to consider if you want to look at such cards.

CSP could be a good fit but take a look at the UR transfer partners to make sure you can use them. Look at their redemptions to see how many points you'd need and compare to the amount of spend you anticipate running through the card. Keep in mind that you can consolidate UR points earned with the Freedom though your signature indicates that you currently do not use it.

jimmy.lgx
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Location: utah

Postby jimmy.lgx » Tue Apr 07, 2015 11:17 am

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?

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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Apr 07, 2015 2:44 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?


If I wasn't able to pay my CC bills on time and in full, then I would absolutely focus on getting a low interest rate and not bother with rewards.

Since I am able to pay my bills, I focus on rewards. I keep a fund for emergencies and don't buy things I can't afford.

Not all of my cards are on autopay, but I use a lot of email reminders. It's unlikely that I'd forget to pay a bill and incur interest.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

Taalar
Gold Member
Gold Member
 
Posts: 32
Joined: Thu Apr 02, 2015 6:50 pm
Location: New Braunfels, TX

Postby Taalar » Wed Apr 08, 2015 4:43 pm

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?
Chase Sapphire Preferred Visa Signature $45,000
Chase Sapphire Reserve Visa Infiniti $15,000
Capital One Quick Silver Visa Signature $25,000
AmEx Blue Cash Preferred $35,500
B of A Visa Signature $47,500
Credit scores range 818-837



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