How to choose a rewards credit card? Please help me

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Spartan2007
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How to choose a rewards credit card? Please help me

Postby Spartan2007 » Mon Aug 30, 2010 8:21 pm

I am new to reward credit cards and would greatly appreciate your advice choosing!

I am currently debating between the Chase Freedom and Discover More Cards. They appear to be almost identical, both offer up to 5% cash back with rotating categories. If all things are the same I suppose I prefer the Chase because Visas are accepted everywhere, however I have read a couple negative reviews regarding Chase cards: 1.) That they cut spending limits on customers that pay their bills in full and on time and 2.) That they may be cutting down their cash back rewards. Is there any truth to these rumors?

I recently decided to cross the AMEX Blue Cash off my list (even though I spend more than $1500/month) because I don't spend a ton of money on gas stations, drugstores, or grocery stores. Is that a pretty fair assumption, or should I reconsider the AMEX?

ANY feedback is GREATLY appreciated! Thanks so much!


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fffresh
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Postby fffresh » Wed Sep 01, 2010 5:03 pm

One factor to take into account is the two aforementioned cards have different caps on the amount of spending that qualifies for five percent.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Thu Sep 09, 2010 12:56 am

because I don't spend a ton of money on gas stations, drugstores, or grocery stores


The first step of how to choose a rewards credit card would probably be to identify the categories you spend the most in. What would you say those would be?
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

Nickatron
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Postby Nickatron » Sat Sep 11, 2010 9:30 am

I'm sorry I meant to make my own thread, but I must have replied to this one instead.



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