Should I skip Talbots credit card and get loyalty rewards?

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
4 posts
redeye
Green Member
Green Member
 
Posts: 10
Joined: Sat Feb 26, 2011 2:14 am
Location: TX

Should I skip Talbots credit card and get loyalty rewards?

Postby redeye » Sat Feb 26, 2011 2:35 am

Would you be better off without the Talbots credit card and using the regular loyalty rewards with a different credit card? The Talbots card application states it gives 1 point per dollar. The Talbots loyalty rewards without the credit card gives 1/2 point per dollar. Both give $25 for 500 points and by my math the credit card gives me 5% and the non-credit card gives me 2.5%. What would be better to do? Using the Talbots card or taking the 2.5% and then using it with a rewards credit card from a bank?


jeffysdad
Centurion Member
Centurion Member
 
Posts: 875
Joined: Thu Apr 30, 2009 2:32 pm
Location: Texas

Postby jeffysdad » Sat Feb 26, 2011 7:57 am

I think you should consider a no-fee cashback credit card from any of the major banks. You can explore most of those offerings on this site and others. If you have a local/regional bank or credit union you like, you might see what they offer.

A store-branded rewards card as you describe doesn't sound like a good idea to me, mainly because the only offers one product line: apparel. I think you risk being encouraged to overspend on clothes because you have this card. For the same reason I would avoid cards that are branded by other single-category retailers, e.g. Best Buy, etc.
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.

redeye
Green Member
Green Member
 
Posts: 10
Joined: Sat Feb 26, 2011 2:14 am
Location: TX

Postby redeye » Fri Mar 04, 2011 4:47 pm

I am fairly responsible with keeping my shopping under control most of the time but I see your point. If I got the Talbots credit card my total discretionary spending would probably not change although I get what you are saying, that it could motivate higher spending at their store when I should be shopping around. My card I have right now from Bank of America gives 1% and I would like to find a way to do better. Are there any credit cards that give double or triple points on clothing? At least that way if I stacked it with the Talbots loyalty rewards I would be earning 4% to 5% and that is similar to their card. With my line of work I do end up shopping there quite a bit for work wear and saving money on that would be helpful

CCG
Centurion Member
Centurion Member
 
Posts: 151
Joined: Thu Apr 17, 2008 6:52 pm
Location: Austin, TX

Postby CCG » Mon Mar 07, 2011 10:52 am

To compare a few cards that offer up to 5% cash back at clothing and department stores for part of the year, you may wish to check out this sponsored section: best cash back credit cards.

All the best,
CreditCardGuru



Return to “Rewards”

Who is online

Users browsing this forum: No registered users and 2 guests