Best card that has rewards for "experiences"

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Kurofox23
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Best card that has rewards for "experiences"

Postby Kurofox23 » Sat Mar 03, 2012 5:48 pm

Hi everyone, I've been closely reading the forums for the last 3 days researching different cards and such. With my previous visa i had a rewards program that gave me special things i could do such as rent an exotic car for a day, TVs, Skydiving lessons. It was pretty cool being able to do things like that which i would never have done if not for the program.

Anyway i spend almost all my money on dining out and electronics. I cant even think of anything else for the most part that i spend money on. My credit is well established and floats around 700. I pay off everything usually every month but it would be nice to be able to roll over in case of an emergency.

Would a cash back card be more beneficial than a rewards card? What card would you recommend for me? I currently have Bank of America for checking if that helps. Thanks!


Kurofox23
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Postby Kurofox23 » Sat Mar 03, 2012 9:18 pm

So im considering pairing Citi Forward since i eat out ALOT and spend the rest on amazon ( Since i heard it considers everything there books ) with Amex Blue for groceries and gas. Would this be a pretty smart move? Possibly Amex blue for some electronics of course as well :)

Money card
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Postby Money card » Sat Mar 03, 2012 11:19 pm

you say you spend most of your money on dining and electronics. do you travel on business or do you plan on using your credit card for personal use, like shopping at the mall, Walmart, Target etc?

What cards do you have right now and which types are they?

Kurofox23
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Postby Kurofox23 » Sat Mar 03, 2012 11:29 pm

As far as travel goes its not really that beneficial to me for planes because my family works for the airlines so I fly for free. It will mostly be for the things you said, personal stuff. I currently have a visa reward through the credit union I'm with, and a best buy card

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Postby Money card » Sun Mar 04, 2012 2:12 am

As far as cash back goes I would suggest Discover more. They give 1% back but through the year and 5% back in rotating categories like gas, theme parks, movies, department stores, clothing. next month it will be restaurants.

Citi also has a card very similar to Discover more I believe the card is called a Dividend. Chase has the freedom.

Do you buy clothes and items at your mall or are you just looking for places like restaurants, driving expenses? If you don't shop what do you think about the open road card? You get 2% back on restaurants and gas stations.

American Express has a simple cash back card which you get 2% back on everything, but I'm not sure if there's a personal version, it's a small business card.

You can get travel card like the Venture. The blue version you get 2 miles per dollar the gold only offers 1.25.

Would you be interested in concierge service? It comes with all travel cards like Chase Sapphire, Citibank Thank You and Bank of America's. You get the options if you want to use your points for hotel stays, gift cards and cash.

Then there's blue cash from American express. 2 versions the basic you get 3% back on groceries, 2% back on gas and department stores. The preferred gets 6% back on groceries, 3% back on gas and department stores. this card does have an annual fee.

So here's are some cards to think about.

jeffysdad
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Postby jeffysdad » Sun Mar 04, 2012 7:49 am

Citi Forward is a popular card for dining, but Citi's ThankYou points don't necessarily equal 1% each. You should look into what you can redeem besides what you can earn when weighing various programs. In other words, if they say five points per dollar, it doesn't necessarily mean a 5% reward.

The Amazon card, besides paying 3% on Amazon purchases, pays 2% on restaurants with no cap. I think the Citi Forward card is the only one that could beat that of the cards I know of, but there are others out there that would match it.

If you spend a lot on groceries and gas, then I would consider the upgraded Amex Blue Cash, the one you pay a fee for, as the rewards in these categories are very generous.

I prefer cash rewards myself because I like the simplicity. However, if you're willing to do the research, you can increase your benefit (percentage return) by redeeming for services/merchandise that may be available at a discount from what they would cost were you to buy them with cash. Obviously, the benefit of this is diminished if you're redeeming for things you don't really want/need just to use your points.
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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