Best points card?

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
41 posts
cashback
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Location: NY

Postby cashback » Mon Apr 15, 2013 4:05 pm

paparoach429 wrote:So it would be safe to say that in general categories I should use the Freedom for everything?


That depends on if you value 1 UR point more than getting 2% cash back with any 2% card. Also, if you just have the Freedom, you do not have access to all the travel benefits of the UR mall. You would need to get either CSP or Ink.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781


swipe_masta
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Location: USA

Postby swipe_masta » Mon Apr 15, 2013 5:19 pm

cashback wrote:That depends on if you value 1 UR point more than getting 2% cash back with any 2% card. Also, if you just have the Freedom, you do not have access to all the travel benefits of the UR mall. You would need to get either CSP or Ink.


Ditto. Also, CS/CSP gives 2x points on restaurant/fast food. If not counting 5% rotating categories for Discover and Freedom, that would be a safe bet. Yeah you can get 5x points with Forward, but like you said, UR points are the best.

DavidNY
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Postby DavidNY » Mon Apr 15, 2013 5:37 pm

cashback wrote:For travel, it's generally accepted that UR points are the best.


+ 1

cashback
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Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Mon Apr 15, 2013 5:54 pm

swipe_masta wrote:Ditto. Also, CS/CSP gives 2x points on restaurant/fast food. If not counting 5% rotating categories for Discover and Freedom, that would be a safe bet. Yeah you can get 5x points with Forward, but like you said, UR points are the best.


Id much rather have 5 TY points than 2 UR points.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

paparoach429
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Location: chicago

Postby paparoach429 » Mon Apr 15, 2013 10:29 pm

Well after I apply (and hopefully get approved for the freedom) in a few months I was going to use my Forward card for restaurants, Freedom for gas 6 months out of the year until I get a Discover for the other 6 months, and Amex for everything in between based on your guys' answers. So why is it that just having a Freedom with Chase you dont get all the "travel benefits"? How does this work?

cashback
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Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Mon Apr 15, 2013 10:30 pm

paparoach429 wrote:Well after I apply (and hopefully get approved for the freedom) in a few months I was going to use my Forward card for restaurants, Freedom for gas 6 months out of the year until I get a Discover for the other 6 months, and Amex for everything in between based on your guys' answers. So why is it that just having a Freedom with Chase you dont get all the "travel benefits"? How does this work?


If you just have the Freedom, you can only redeem the points for cash back... As far as I know at least...
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

paparoach429
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Location: chicago

Postby paparoach429 » Mon Apr 15, 2013 10:36 pm

Euh thats disappointing!

FutureBillionaire
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Location: Down South

Postby FutureBillionaire » Mon Apr 15, 2013 11:02 pm

cashback wrote:If you just have the Freedom, you can only redeem the points for cash back... As far as I know at least...


You're correct. You need the CSP or Ink to do the good stuff.
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

FutureBillionaire
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Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Mon Apr 15, 2013 11:03 pm

paparoach429 wrote:Euh thats disappointing!


You really should get two Chase cards at the same time. App for the INK or CSP when you app for the Freedom. I've had the cards for just over a month now. By the end of this week, I will have over 70k UR points. I haven't even used my Freedom yet this month for the 5x points at restaurants and movies.
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

silver6054
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Location: boston

Postby silver6054 » Mon Apr 15, 2013 11:21 pm

cashback wrote:That depends on if you value 1 UR point more than getting 2% cash back with any 2% card. Also, if you just have the Freedom, you do not have access to all the travel benefits of the UR mall. You would need to get either CSP or Ink.


Yes, and it gets quite complicated. The UR claim is based on, as cashback says, using CSP or Ink, and then transferring the points to partners for airline or hotel rewards. If you just use points to buy travel, rather than transfer, 1,000 points are worth $12 rather than the $10 they would be for cash back. But to get those 1,000 points, you would spend $1,000, and the same spend on Fidelity/Priceline would give you $20 back, better than either.

And after the first year, you would be paying $95 for the CSP or Ink.



Citi has a similar thing. If you also got the premier, you cannot transfer points (except to Hilton) but your travel points are now worth 1.3 cents each, still less than a 2% card. But you can also get unlimited flights at 15% off base (still have to pay all taxes and fees) and one companion ticket a year. If you fly a lot, that can be a great deal. If you don't, not so much! And after the first year, Premier is $125

So it depends on which other cards you get, whether you want to transfer points to partners etc, there is no simple answer.

Edit: And the real difference between the cards IS in the category spending. Freedom maxes out at 30,000 points a year (if you manage to max out each quarter), forward has no max but if you don't use Forward's categories much, again that's not so useful.

You have to look at how easy it is to get the points, and that includes, at least in the short term, the sign up bonuses as well.



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