Looking to maximize rewards

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
13 posts
Meltdownblitz
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Looking to maximize rewards

Postby Meltdownblitz » Mon Jul 04, 2011 12:15 am

I'm looking to maximize my rewards and I'm looking for some recommendations of cards. My 2 biggest spending categories are restraunts and gas. I was looking at the 2 citi cards as well as chase freedom and a few Amex cards. Is it better to have 1 for each? For instance both citi cards That give 5x rewards for both those categories, or one that combines if anything? Thanks.


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Mogul of Pineapples
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Postby Mogul of Pineapples » Wed Jul 13, 2011 8:56 pm

If you're two biggest categories are restaurants and gas my recommendations would be:

Citi Forward which hit sounds like you already looked at. The 5x points is the best offer for this category that I am aware of.

For gas, the PenFed fuel rewards program is a flat 5%. There is an almost identical program by Fort Knox credit union, too.

As far as a single card giving the highest (or close to highest) for both of these categories year round, unfortunately there are none right now.
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

Meltdownblitz
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Postby Meltdownblitz » Thu Jul 14, 2011 8:29 am

Thanks. I wouldn't be able to qualify for the penfed card. How about citi thank you, how's that card?

DarrellEW
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Postby DarrellEW » Thu Jul 14, 2011 1:36 pm

Meltdownblitz wrote:Thanks. I wouldn't be able to qualify for the penfed card. How about citi thank you, how's that card?


From the review that Mogul linked to: "Anyone can join PenFed credit union by making a small one-time charitable donation"

Meltdownblitz
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Postby Meltdownblitz » Thu Jul 14, 2011 1:40 pm

Oh thanks I didn't see that. Whats the average credit score that gets accepted for that card?

Meltdownblitz
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Postby Meltdownblitz » Fri Jul 15, 2011 10:32 pm

Other then the ped fed card, what's another gas card that's real good?

Camelback
 
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Postby Camelback » Fri Jul 22, 2011 8:30 pm

I like the 2% Fidelity Cash Back AMEX. My IRA is with Fidelity so I qualified. :money:

LTomBerry
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Postby LTomBerry » Sat Jul 23, 2011 4:55 am

Have you ever heard of Nerdwallet? You can input your spending patterns and it'll find the best cashback, travel, rewards or gas card for you based on your profile.

Meltdownblitz
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How many is too many inquires?

Postby Meltdownblitz » Tue Jul 26, 2011 11:54 pm

Ok so as most of you can see or know I barely joined this fourm a few months ago and which is when I got into the credit cards more or should I say, wanting to maximize rewards as much as i can. The first few months of the year before I joined this forum I applied for and was approved for 2 other cc's that actually have no rewards and i no longer use. After learning more about cc's and what kind of rewards they can offer, I applied for the zync in June which I was approved for, then I applied for a discover more which I was approved for 2 weeks ago. Those are the only 2 cards i use currently and pay in full each month, (I no longer use any if my older cards). But I'm still looking to maximize my rewards the best i can, therefore I'm still looking for one last card, preferably a gas card, some of you mentioned the ped fed card is good but I'm skeptical on applying for that because I'm not sure about what the outcome would be as I see they are pretty strict. I currently had my eye on the citi thank you preferred and it's 5x points for every $1 spent on gas. But my question is how many is too many inquires? I have applied for and got 2 cc's within the last few months. What do you suggest I do about wanting another cc (my last one for a while) for gas rewards purposes. Do you think citi would deny me saying I have applied for too many cards within the last few months? Or would Amex or discover close my cards if I applied for another cc.. Through another company.. thinking I'm applying for too many cards or anything? Just wondering, if one more inquiry/card is going to cause any serious trouble (besides the slight score drop from inquiries) then I'm not going to apply for another. What do you all think? Thanks.

LTomBerry
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Postby LTomBerry » Wed Jul 27, 2011 9:37 pm

I can see your score taking a hit for 1) All the inquiries and 2) reduction in the average age of your credit lines. This might put a damper on getting approved for more cards at least for a few months. However I don't see any of your current cards kicking you to the curb just for picking up a few new cards. They're banks, not jealous wives.



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