Best rewards card for non-travel spending?

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Iplaydc87
 
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Best rewards card for non-travel spending?

Postby Iplaydc87 » Tue Apr 03, 2012 8:37 pm

Which would you guys say is the best rewards card for someone who will not be spending a lot on travel? Most of the purchases will likely be from groceries, gas, restaurants, etc. I will probably be willing to spend a decent amount. I want to build up points to pay for a vacation

Thanks a bunch!!


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Postby Money card » Wed Apr 04, 2012 11:40 pm

I like the Capitol1 Venture card with 2 miles per dollar spent on anything including gift cards. So let's say you bought a family member a 50.00 gift card to Ruby Tuesdays, that would be 100 miles.

The only downside of this card is you have to have all of the miles, so let's say for example you have 10,000 miles and you want to go on vacation to Chicago and the ticket cost 250.00. You can't redeem - it's all or nothing. You can't break up your miles/airline tickets.

There's a 59.00 annual fee waived the first year.

The other 2 cards that are nice are the Chase Sapphire 2 points per dollar spent on restaurants. The Sapphire Preferred 2x the points on restaurants and travel. At the end of the year you get 7% back bonus
annual fee 95.00 waved the first year.

Citi has 2 cards the Premier and Preferred. I believe the preferred is a regular card, while the premier you get 1.2 points on categories and you get a free companion ticket for US only. Annual fee 125 waived the first year.

The Gold Rewards you get gold card events before concert tickets go on sale. You get 3x the points on airline tickets and 2x on groceries. This card has a foreign transaction fee of 2.7%. The annual fee is 175.

The Green card is also a nice card.

Blue Cash preferred is a cash back card that give 6% on groceries and 3% on gas. The basic card 3% back on groceries and 2% on gas but they won't help with your vacations, because you can't redeem for travel these are cash back credit cards.

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Postby Money card » Thu Apr 05, 2012 10:49 pm

You know what other card is nice is Blue from American express. This is a lending credit card, no annual fee, but there's interest if not paid in full and a credit limit. Same as the green card you get 1 point per dollar, you can build up your points for vacation . Basically the 2 differences is that Blue is a lending credit card while the Green is a premium credit card. More sales people have the Green. Blue is a wonderful card.

For grocery shopping,eating out and gas stations, this might be the best credit card for you.

DavidNY
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Postby DavidNY » Fri Apr 06, 2012 10:46 am

Aside from the AF, the Venture card is nice. It compares well to the Discover Escape

Iplaydc87
 
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Postby Iplaydc87 » Mon Apr 09, 2012 11:36 pm

You would recommend the Blue from AMEX even though it only gets 1 point per dollar? What about the AMEX Premier rewards gold card?

The Capital One Venture looks like a good option also. Thoughts between the Amex premier gold and the venture?

DavidNY
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Postby DavidNY » Tue Apr 10, 2012 10:34 am

About the Venture:

It uses the Visa payment network. You don't have to wonder if a merchant is going to accept it or not.

The downside is that its a CapOne card. CapOne is not known for good customer support should you ever need it.

About the Amex:

Just the opposite of the above and I don't think the rewards would be as good as the Venture. (The only 2% Amex card is the Fidelity card.)

Most of the purchases will likely be from groceries, gas, restaurants


Here's what I use for those categories:

Groceries: 2% on BofA Cash Rewards and sometimes 5% on Chase Freedom. Both have no annual fee. There's also 3% on Amex Blue or 6% on Amex Blue Preferred with an annual fee but they're not accepted as widely as Visa. The Amex Blue Preferred could be a good value depending on where and how much you shop.

Gas: 3% on BofA Cash Rewards and sometimes 5% on Chase Freedom.

Restaurants: 2% on the Discover Open Road Card. Again, no annual fee.

The BofA and Chase cards have small reward bonuses if you deposit your reward into their respective checking accounts.

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Postby Money card » Tue Apr 10, 2012 10:38 pm

Iplaydc87 wrote:You would recommend the Blue from AMEX even though it only gets 1 point per dollar? What about the AMEX Premier rewards gold card?

The Capital One Venture looks like a good option also. Thoughts between the Amex premier gold and the venture?


Yes even though it only gets 1 point per dollar.There's no annual fee, let's say you have 25,000 points and you want to go on vacation, let's say your plane ticket is 350 your short the number needed. American Express will let you use your points and you can pay for whatever amount you're short. With capitol1 you need all of your miles there's no splitting it's all or none.

With the Gold Premier Rewards card you get Gold card events. So you live out in Texas, with any concert, circus or any event that participates, you get first choice before tickets go on sale to the public. You get 3x the points on airfare, 2x on grocery stores and 2x points on gas stations.

Thoughts between both cards. First of all the Capitol1 card is a lending card that has interest plus an annual fee. if you pay your bill in full there's no interest charge but you will still have an interest rate on your statement. With the gold rewards this is a premium card which means you pay your bill in full.

Let's say you were to buy a 50.00 gift card for the American Eagle. With the gold you would only get 50 points on that purchase, with the Capitol1 card you would get 100 miles.

With the Gold rewards there's 2.7% foreign transaction fee, with the Capitol1 there's no foreign transaction fee.

With the Capitol1 venture card you get concierge service, so let's say for example on vacation you want to go to New York in October. They can help you with your travel plans, get you Ranger tickets and help making dining reservations. With the Gold rewards you don't get this service you need a platinum card.

Annual fee after first year on capitol1 is 59.00. On the gold rewards it's 175.00.



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