For restaurants, fast food, bars, etc.

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
agp
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Location: US&A

Postby agp » Mon Jul 22, 2013 8:06 pm

ivotedale wrote:Such a shame the Forward card is only available to new applicants as the "student" version now! Was on the fence a few months back before it happened.

I'll go ahead and throw in the Chase Sapphire (Regular). No annual fee there!


What if you aren't a student and want that card? Not that I want it.

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred


cashback
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Location: NY

Postby cashback » Mon Jul 22, 2013 8:55 pm

Choice #1) Lie and say you are a student.

Choice #2) Enroll at your local community college. Apply for card. Then drop all your classes before you pay them.
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

Kripler68
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Location: Arizona

Postby Kripler68 » Mon Jul 22, 2013 10:44 pm

CSP is a great rewards card, can't go wrong with this one.

RewardHop
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Location: USA

Postby RewardHop » Mon Jul 22, 2013 10:57 pm

ivotedale wrote:Such a shame the Forward card is only available to new applicants as the "student" version now! Was on the fence a few months back before it happened.

I'll go ahead and throw in the Chase Sapphire (Regular). No annual fee there!


If you have another CC with Citi, you can try doing a PC to the Forward. I was able to do just that early this year.

I use my Forward for Fast Food and Coffee Shops and then the Cash+ for Restaurants. The reason is that I don't have a Citi TY card to truly get 5% back. I use the Citi points on Amazon.com and that reduces the rewards to 4%, which still isn't bad. I never spend more than $75/mo on fast food anyways, so its not really a loss.
[size=60]
Amex BCE: 3% grocery, 2% gas
Bank of America Better Balance Rewards MC: $25/quarter bonus
Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
Capital One Quicksilver Visa Signature: 1.5% everything
Chase Freedom Visa Signature: 5% rotating
Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
Discover It: 5% rotating
SallieMae MC: 5% Groceries, Gas, Amazon
US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
Sock Drawered: Chase Sapphire, Chase Amazon[/size]

silver6054
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Location: boston

Postby silver6054 » Tue Jul 23, 2013 8:00 am

cater wrote:Is the Citi Forward really 5% though? You get 5 "ThankYou" points, but I'm hearing that Thank You points are really hard to convert to straight cash (or money off of your bill) at that rate. It looks like it would only truly be 5% if you redeem for home mortgage, student loans, or air travel.

Is this misleading information?


Unlike say Cash Plus (or Amex BCX) the cash or statement credit conversion rate is really bad. But if you redeem for $100 gift cards, you get the 1:1 conversion and so it is 5%. If you have the Thank You Preferred or Premier (or Prestige), all conversions are 1:1. With the latter two, all redemptions for travel are 1.33 cents per point, making the 5% category 6.6% for travel.

If you really want cash, you just ask for a mortgage or student loan check. They ask which bank to make it out to and send it to YOU, so it is your responsibility to get it credited to your mortgage/loan account. Now, if, by mistake, you have given them the name of the bank that has your checking account, you might compound that mistake by depositing the check into your account. Lots of people do this, so it really is just a slightly clumsy process to get cash back at the 5 or 6.6% rate.

solomon
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Location: USA

Postby solomon » Thu Aug 29, 2013 8:15 pm

All this math is making my head hurt.

For a Citi Foward for Students card this is what the promotion is:

5 points for Entertainment, Dining (Is Amazon included in the new Citi Forward for Student card?)

For statement credit or check:

10,000 points to get $50 back (minimum $50)

Earning 5 points per dollar (1 point per $.20)

What is the percentage cash back per dollar?
MC Citi Dividends WE - CLI 4/31/16
V US Bank Cash+ - CLI 05/31/16
V US Bank Platinum - CLI 12/24/14
AXP Blue Cash Everyday - CLI 5/31/16
MC Sam's Club - 03/04/15
DFS It - CLI 05/31/16
V Chase Freedom - CLI 6/17/15
CSP - 06/02/16
C Slate - 06/02/16
BAC Cash Rewards - 10/7/16

silver6054
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Location: boston

Postby silver6054 » Thu Aug 29, 2013 8:46 pm

Well, let's make it simple.

You have to earn 10,000 points to get $50
To get 10,000, you have to spend $2,000

So percentage cash back is (50/2000)*100 = 2.5% And a much simpler way is that cashback is 1/2 the % of other options (where 10,000 points gets a $100 gift card) and that is 5%, so cash back is 1/2*5%=2.5%

TheLethargicAge
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Postby TheLethargicAge » Thu Aug 29, 2013 9:58 pm

silver6054 wrote:Unlike say Cash Plus (or Amex BCX) the cash or statement credit conversion rate is really bad. But if you redeem for $100 gift cards, you get the 1:1 conversion and so it is 5%. If you have the Thank You Preferred or Premier (or Prestige), all conversions are 1:1. With the latter two, all redemptions for travel are 1.33 cents per point, making the 5% category 6.6% for travel.

If you really want cash, you just ask for a mortgage or student loan check. They ask which bank to make it out to and send it to YOU, so it is your responsibility to get it credited to your mortgage/loan account. Now, if, by mistake, you have given them the name of the bank that has your checking account, you might compound that mistake by depositing the check into your account. Lots of people do this, so it really is just a slightly clumsy process to get cash back at the 5 or 6.6% rate.


Let me this straight: you're saying the Thank You Preferred has a 1:1 conversion to cashback (1 point = 1 cent). Is that what you meant?
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)

silver6054
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Postby silver6054 » Thu Aug 29, 2013 11:30 pm

TheLethargicAge wrote:Let me this straight: you're saying the Thank You Preferred has a 1:1 conversion to cashback (1 point = 1 cent). Is that what you meant?


Yes, ONLY through this mortgage check/student loan route. TY and Forward are the same.

TheLethargicAge
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Postby TheLethargicAge » Fri Aug 30, 2013 6:29 am

silver6054 wrote:Yes, ONLY through this mortgage check/student loan route. TY and Forward are the same.


I see. I assume statement credits get a 1:1 conversion as well, correct?
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)



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