Are frequent flyer mile credit cards worth it?

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all_insucka
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Are frequent flyer mile credit cards worth it?

Postby all_insucka » Tue Aug 14, 2012 3:26 pm

Hey I'm a newbie and I've been lurking, but have a few questions I cant seem to figure out.

Are airline credit cards with frequent flyer miles somehow better than rewards being redeemed for travel? I don't get why they're worth it. Airline cards usually have fees and can be used with that airline, where as I can get another reward card with usually 1-2% back and can redeem for travel with any airline?

The reason I ask is because every seems to like the Delta SkyMiles AMEX. I fly 4-5x a year and have good credit. Also what is backdating and how do I do it? I had AMEX before and closed it.

Here are cards I am looking at, please tell me what you think...

  • Citi Thank You Premier (free airline ticket every year? when i spoke on the phone with them they said i could use it doesn't have to be companion?)
  • American Express Delta SkyMiles (doesnt seem great to me, but everyone recommends)
  • American Express Zync with the travel pack (not sure about this, its a charge card)
  • Discover IT (this looks awesome, no one here is really talking about it?)
  • Priceline (2% on everything, looks good to me)
  • Citi Forward (i see lots of people talking about it
Here is what I currently have...

  • Discover Miles (everyday card 1%, but when I buy online 2% which i do a lot)
  • Capital One Venture (emergencies and travel 1.25%)
  • BoA Cash rewards (gas 3%)
  • American Express Clear
Let me know what I should get rid of or keep. I am trying to build the best profile. Not sure how many I should have and which ones?


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t528491
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Postby t528491 » Tue Aug 14, 2012 6:02 pm

I have the Discover It. While the 0.25% base cashback is a bit low, the 5% rotating categories are wonderful.
The Zync is great for someone relatively new to credit (like myself), but I would advise you to get the Blue Cash everyday or preferred since you already have a history with Amex.
I would go with a one of those rewards cards before getting another miles card.
[size=80]
02/12 Authorized user on Chase Freedom ($5000)
08/12 Discover It ($1500)
08/12 American Express Zync (NPSL)
12/12 NFL Visa ($500)[/size]

[size=60]Future cards:
Citi Forward for Students 6/13
American Express Blue Cash Everyday 1/14
Sallie Mae World Mastercard 2014
Chase Freedom 2014
Penfed Platinum Rewards Card 2015[/size]

all_insucka
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Postby all_insucka » Tue Aug 14, 2012 6:13 pm

OK it sounds like i dont want the Zync. What really intersted me about the Discover IT is the 10%-20% back on online purchases through them. I currently am doing that with my Miles card for 2% back.

Why would you go with a rewards over a miles card? Im just curious..

DavidNY
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Postby DavidNY » Tue Aug 14, 2012 6:30 pm

If you fly on a particular carrier quite a bit, check out their card. Sometimes the perks like free bag check-in can be worth it.

Citi Thank You Premier and Chase Sapphire Preferred look like good choices as long as you can use the miles.

Of those on your short list, I like Priceline.

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t528491
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Postby t528491 » Tue Aug 14, 2012 7:27 pm

all_insucka wrote:OK it sounds like i dont want the Zync. What really intersted me about the Discover IT is the 10%-20% back on online purchases through them. I currently am doing that with my Miles card for 2% back.

Why would you go with a rewards over a miles card? Im just curious..

To me, it simply seems more advantageous to have an option of what to do with cashback instead of having it tied up in miles. But if a miles card is more practical for you, go for it!
[size=80]

02/12 Authorized user on Chase Freedom ($5000)

08/12 Discover It ($1500)

08/12 American Express Zync (NPSL)

12/12 NFL Visa ($500)[/size]



[size=60]Future cards:

Citi Forward for Students 6/13

American Express Blue Cash Everyday 1/14

Sallie Mae World Mastercard 2014

Chase Freedom 2014

Penfed Platinum Rewards Card 2015[/size]

all_insucka
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Postby all_insucka » Tue Aug 14, 2012 7:35 pm

You know anything about backdating?

Regnohspf
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Postby Regnohspf » Wed Aug 15, 2012 9:06 am

OP definitely don't go with the Zync. the Zync is part of AMEX MR Express points. its basically half the value of their regular MR points that are used with green and gold. the points are useless. i've only gotten the Zync to create history with AMEX.

The Sapphire Preferred is a great choice if you want flexibility since you can transfer your reward points to different airlines as miles at a 1 for .01 transfer. It gives you a huge points bonus for transferring since your points could be worth double to 10x more depending on any promotions with that airline. you also get an added 20% boost to your points if booked through their website as well as 2x restaurants 2x travel

The Citi Thank you premier is also a great card. You get a 33% bonus for booking with your points on their website as well as a companion ticket that can be used in the continental us (taxes fees all apply). but only downside is you cant transfer it over to miles.

The Citi forward is good too. i was actually close to getting the thank you premier to combine the 5x restaurants and 5x amazon with the Citi Thank you that gives 1.2 points per dollar at groceries and gas stations and get the added 33% point bonus for airline tickets.

The Delta Skymiles card is only good if you absolutely only fly Delta. The free 1st checked in bag, priority boarding, and $99 domestic ticket are plus's only if you travel Delta. If not it might be best to get one that you can use the points for on other airlines or different tickets.

But in my opinion i prefer the Sapphire Preferred over having a standard miles card. I would love to get the free checked bag and such with Delta since i mainly fly Delta but i like the flexibility and the added 2x restaurants 2x travel (up to 3 if booked through UR) along with being able to combine my Chase Freedom UR points with my Sapphire.

Amex backdating once you receive your card (if you ever do get the Delta Skymiles) you can check on your card if its backdated. if not you can call into Amex CS and tell them you were previously a member and ask them to check your records. its best to apply though in january since itll say that you were a member since January 19xx instead of December 19xx of the same year.
Wells Fargo Student Credit Card Visa - $1300 (February 2011)
American Express Zync Charge Card (February 2012)
Chase Freedom Visa- $2000 5% rotating (April 2012)
Citi Forward Visa- $3000 - 5x at restaurants, amazon.com (April 2012)
Chase Sapphire Preferred Mastercard World Elite - $5000 (July 2012)

Credit cards left to attain
-Amex BCE/BCP

all_insucka
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Postby all_insucka » Wed Aug 15, 2012 1:05 pm

OK Thank you, that helped alot.

FutureBillionaire
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Postby FutureBillionaire » Wed Aug 15, 2012 6:09 pm

all_insucka wrote:OK it sounds like i dont want the Zync. What really intersted me about the Discover IT is the 10%-20% back on online purchases through them. I currently am doing that with my Miles card for 2% back.

Why would you go with a rewards over a miles card? Im just curious..


The Discover It/More is awesome for online shoppers. The citi forward is a great choice if you eat out alot and buy movies and whatnot.

I also agree that you should get the BCE or BCP with Amex so you can take advantage of backdating.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

Money card
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Postby Money card » Sun Aug 19, 2012 2:58 am

ok so everybody is different as you can tell by what credit cards everybody uses or has. same in other situations.

Comparing frequent flyer credit cards vs travel cards. let's say you and 5 other people had to go on a business trip from Chicago to San Francisco for a week, let's say your going on Delta, now if you used your venture card and your checking 2 bags, how much do you think this would cost? but now let's say you were to use a gold delta sky miles and get your bags would free, this would be a big savings and worth it.

what if you had to fly on United, with the chase Sapphire do you know a quiet place to talk? what about if you had a chase United card, you could get some passes but you can only get into a united presidents club.

the airline cards are more executive looking than the Travel card, I'm sure when your in your area whether going to the mall like Macys, you see people using the Venture card. but do you see alot of people using a gold delta sky miles card at Macys? all the travel card is a basic credit card with a name on it and rewards that we never had in those days.

while an airline credit card is more fancier because most people think of Delta, united , American airlines, jet blue as cards for business travelers, ceo's .

how do you like your capitol1 venture gold card?

Now do you travel on business? or were you just wondering why alot of people have airline cards compared to travel cards?

how do you like that clear card? to me it looks like a very nice card much nicer than that aqua / costco junk.

If you travel you might want to think about replacing the clear card with the Green. with the green card you can transfer to many airline frequent flyer and hotel programs (not united though). But if you don't travel on business keep the clear card.

the Discover miles better for traveling, for personal use the More card.

cards your looking at only get a Delta if you travel on business otherwise skip this card.
Citi Thank you card since it's a travel card it's a good card, I actually see more people using the Citibank american airlines credit card. the thank you card is something to consider. whether you travel or not.

what we've heard is the citi forward is more for restaurants.

I would choose the Green over the Zync, it's more of an executive card than the zync.



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