Picking a new cashback card

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LEB
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Picking a new cashback card

Postby LEB » Sun Oct 24, 2010 10:18 pm

Hi. I'm hoping you won't mind putting in your 2 cents about which card I should go with. I have excellent credit and I'm starting a new job that has me traveling a LOT. At my old job, I had a corporate card, but at the new job I won't. So, I'm getting myself a new card that will strictly be for expenses that will be reimbursed (and thus fully repayed). I want to get a cashback card. The only cashback card I have at the moment is a standard Discover but I want to get the most bang for my buck and have spent some time going through reviews. I'm currently leaning towards Chase Sapphire (2x on travel expenses sounds good), Chase Freedom (5% on my transactions 3 months a year), Capital One No Hassles (almost all the travel will be international and that no fee on currency transactions sounds nice) or Fidelity Rewards (2% I don't even have to think about). Any thoughts?


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Mogul of Pineapples
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Postby Mogul of Pineapples » Mon Oct 25, 2010 9:12 pm

Here a couple questions that might help you narrow things down.

1) Some reward programs are tiered. How much per year do you expect to put on the card?
2) What type of travel expenses are we talking about here- airfare? Hotels? Are there any companies you will be giving business to more than others?
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

LEB
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Postby LEB » Wed Oct 27, 2010 1:35 pm

1) I don't know yet, but I'm estimating $2000-$4000 per month at least in airfare, hotels, dinners, cabs/rental cars, etc. so... maybe $50,000/year?

2) Air, hotel, restaurants, cabs/rental cars. US Airways is my airline of choice and its partners will probably be the ones I fly the most. I don't have a preferred hotel or rental partner (at the moment).

CCG
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Postby CCG » Wed Oct 27, 2010 9:00 pm

Hello LEB,

Check out our top rated travel rewards credit cards to see the best programs and how you can get bonuses worth up to $250!

Good luck!
CreditCardGuru

LEB
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Postby LEB » Thu Oct 28, 2010 7:28 pm

Thanks, CreditCardGuru. Thing is, I need something that will be accepted everywhere I travel and Discover just isn't. I'm leaning back towards the Fidelity card, but still would love to hear and feedback anyone has!

jeffysdad
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Postby jeffysdad » Fri Oct 29, 2010 8:48 am

I would get the Fidelity Amex with 2% straight cash back and no annual fee. They also offer a Visa, but it pays 1.5% for the first $15k and then 2% thereafter. I have both and use the Visa as a backup to the Amex for the few instances when it's not accepted. The rewards are paid into the same cash management/checking account at Fidelity. I can manage both accounts from the same FIA Card Services web site and monitor them from the Fidelity site so it cuts down on the hassle of two cards. [Right now, though, I'm using Freedom for groceries (5% this quarter) and Discover for restaurants (5% this quarter).] Note that Fidelity Amex is not a true Amex card, so you don't get Amex travel services with it.

I also have Sapphire. I think you only get the 2% on travel if you book through Chase/Sapphire, if I'm not mistaken. That's probably not a deal if their prices are higher than what you'd pay at hotels.com, etc.

Since your company is reimbursing travel expenses, I would expect that they would reimburse the foreign transaction fee, so CapOne's no-fee policy wouldn't benefit you except for your personal international spending.
Last edited by jeffysdad on Fri Oct 29, 2010 8:54 am, edited 2 times in total.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Tue Nov 02, 2010 8:41 pm

As jeffysdad said a 2% straight cash back would be a smart choice. I suppose the only reason in your case to get a different card would be for the extra travel benefits but those often have an annual fee with them. Let's see, off the top of my head I can think of a few travel cards that give 3x on airfare but maybe there's one that gives a straight 3x points on all travel expenses. If there is one, then that could be better from what you describe but no cards that give that are coming to my mind at the moment.
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

jeffysdad
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Postby jeffysdad » Wed Nov 03, 2010 8:04 am

Chase Sapphire might be a good one.http://www.creditcardtuneup.com/
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.



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