Best points card?

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paparoach429
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Best points card?

Postby paparoach429 » Mon Apr 15, 2013 1:24 am

So Ive asked this question before but I dont think anyone really understood what I was asking so I"ll try to make it a little more clear. For the sake of arguement say somebody has 4 cards. A Citi Forward, Chase Freedom, Amex Green, and Discover It. If somebody charges $10,000 to each of the cards on regular categories and not taking into consideration the sign up bonus who would get the most from their points? Would one card be more beneficial to use in "non bonus" categories then another?


DavidNY
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Postby DavidNY » Mon Apr 15, 2013 10:10 am

If you're using the points for cash back, Priceline Visa or Fidelity Amex would easily beat any of the cards you listed.

FutureBillionaire
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Postby FutureBillionaire » Mon Apr 15, 2013 10:42 am

DavidNY wrote:If you're using the points for cash back, Priceline Visa or Fidelity Amex would easily beat any of the cards you listed.


That Barclay arrival mastercard looks promising also. I've had my eye on it.
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

NickDenton
 
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Postby NickDenton » Mon Apr 15, 2013 10:51 am

I'd wager Discover and Chase would tie, followed by Citi Forward and then the Amex Green.

Discover and Chase have the 5% bonus categories and their points are easier to redeem at a 1:1 ratio than Citi.

It is somewhat subjective. I generally value cash or gift cards more than miles, so your own valuation may be different.

I put any 1% purchases towards whichever card is closest to redemption at the time.

Keeps it simple and you can cash out sooner than if you split them up amongst the cards.

cashback
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Postby cashback » Mon Apr 15, 2013 1:02 pm

paparoach429 wrote:So Ive asked this question before but I dont think anyone really understood what I was asking so I"ll try to make it a little more clear. For the sake of arguement say somebody has 4 cards. A Citi Forward, Chase Freedom, Amex Green, and Discover It. If somebody charges $10,000 to each of the cards on regular categories and not taking into consideration the sign up bonus who would get the most from their points? Would one card be more beneficial to use in "non bonus" categories then another?


So are you trying to ask which "point" is better out of TY points, UR points, MR points, and Discover cashback? If that is what you're asking, then it all depends on how you want to redeem the 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

FutureBillionaire
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Postby FutureBillionaire » Mon Apr 15, 2013 1:58 pm

cashback wrote:So are you trying to ask which "point" is better out of TY points, UR points, MR points, and Discover cashback? If that is what you're asking, then it all depends on how you want to redeem the points.


True. But, I think we rank UR and Discover cash back as the best overall.
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

paparoach429
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Location: chicago

Postby paparoach429 » Mon Apr 15, 2013 3:23 pm

Sorry to not have included that. I like using my points for travel. I kind of like the idea of points building up and being able to take a trip for free once or twice a year rather than having to come up with that money out of pocket.

cashback
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Postby cashback » Mon Apr 15, 2013 3:27 pm

For travel, it's generally accepted that UR points are the best.
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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Joined: Tue Sep 11, 2012 12:21 am
Location: chicago

Postby paparoach429 » Mon Apr 15, 2013 3:51 pm

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

FutureBillionaire
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Postby FutureBillionaire » Mon Apr 15, 2013 3:58 pm

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


That would get my vote sir. I would get another Chase Card later that can let you transfer points to other parties. Get the Freedom.
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



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