Best credit card for my profile (gocery and travel)

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ccfenix
 
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Best credit card for my profile (gocery and travel)

Postby ccfenix » Fri Jul 03, 2015 2:40 pm

Hi,

Most of our spending is on grocery and gas, we do not dine out a lot. However, we would like to travel a lot with our kids, to the coasts mostly. We also try to do international travel once a year, either to Asia or to Europe.

People talk a lot about CSP, but I feel it is most for people like who I was ten years ago (single , no kids, hang out in the city most of the time ...). I don't see how I can benefit a lot for CSP's multipliers.

Is there any married man like me who got the same question? Any hint?

Thanks a lot!


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CarefulBuilder14
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Re: best credit card for my profile (gocery and travel)

Postby CarefulBuilder14 » Fri Jul 03, 2015 6:03 pm

Consider Amex Everyday Preferred.

You can earn a lot of reward points from your gas and grocery spending. Amex MR points are very useful for international airfare.

Gas and grocery purchases from places like Costco or Wal-Mart wouldn't earn the great rewards, though.
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Vermonster
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Re: Best credit card for my profile (gocery and travel)

Postby Vermonster » Mon Jul 06, 2015 1:01 pm

For a single card I think the EDP is the best. Especially if you are going to be putting a majority of your spending through it.

The reason the CSP is held in such high regard is because you can use the Freedom to generate points for it. Between 2 cards you have 2% on restaurants, 5% rotating categories, loads of benefits like 24/7 concierge, primary rental insurance, no FTF, and a bonus 20% when using points through the UR portal. It is also a Visa as opposed to Amex, which can help when traveling abroad.

That being said. I think for you the EDP is still the better choice.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

yfan
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Re: Best credit card for my profile (gocery and travel)

Postby yfan » Mon Jul 06, 2015 6:18 pm

ccfenix wrote:Hi,

Most of our spending is on grocery and gas, we do not dine out a lot. However, we would like to travel a lot with our kids, to the coasts mostly. We also try to do international travel once a year, either to Asia or to Europe.

People talk a lot about CSP, but I feel it is most for people like who I was ten years ago (single , no kids, hang out in the city most of the time ...). I don't see how I can benefit a lot for CSP's multipliers.

Is there any married man like me who got the same question? Any hint?

Thanks a lot!

Well, if you spend a lot on groceries and gas for a family, a warehouse membership can be far more valuable than a credit card. If you have a Costco close by and you don't have a membership, get it! Then get a flat 2% Visa that will allow you to earn 2% on those purchases starting April (or get a flat 2% Amex, like the Fidelity Amex now). This won't mean a lot of point pile-up, but with the top level flat cashback and the savings from shopping at Costco (and especially buying gas there), you could easily win out.

The Orbitz Rewards Visa might be something that will fit your bill. It's a flat 2% reward card with no Foreign Transaction Fee. The only catch is that you have to use the cashback on prepaid hotels booked through Orbitz. On the upside, there are no minimum redemption thresholds, and you don't have to build up enough cashback to cover a full hotel stay - you just take that amount off whatever your total hotel booking price is. That's it!

If a warehouse club isn't an option, though, then the others are right. Nothing beats the EDP in that case (or BCP if you prefer cashback).

takeshi
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Re: Best credit card for my profile (gocery and travel)

Postby takeshi » Thu Jul 09, 2015 9:45 am

For any point/miles rewards programs you also need to consider redemptions and whether or not you can make the most value (or at least what's acceptable to you) via the redemption process that you intend to use.

Traveling doesn't necessarily mean that a point/miles card is a best fit and and of itself. Spend volume matters and generally speaking for lower volumes of spend cash back cards may be a better fit. Don't automatically rule out the Sallie Mae and BCP unless their caps are insufficient for your spend and you determine that you can earn more rewards through a suitable points/miles cards.

Can you give us a rough idea of your volumes in those categories? Are those the only major spend categories? What about non-category spend?

You can also run the numbers for your spend to sort this out.

ccfenix wrote:Is there any married man like me who got the same question? Any hint?

It's not just a matter of marital status. I and plenty of other married men benefit from the CSP. You need to use your specifics (spend, how and what you can redeem, etc) to determine the cards that suit you.

Vermonster wrote:The reason the CSP is held in such high regard is because you can use the Freedom to generate points for it.

...and the Ink cards, if applicable.



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