Credit Cards

[dmclone]

Anyone know of a good credit card for point, miles, cash, etc. I've had the same credit card for the last 15 years but am thinking of getting a different one.

My current point system works like this
$1=1 point
25,000 points= $250.00 Check
So in summary I get 1 cent for every dollar I spend
No annual fee.

The purchases are a mix but not a lot of fuel.

I want to replace it with either another mastercard and I don't want an annual fee. APR is not important to me.


Any recommendations?

 

[ianoconnor]

Discover has some good cash back cards.

 

[BigDISU1]

Anyone know of a good credit card for point, miles, cash, etc. I've had the same credit card for the last 15 years but am thinking of getting a different one.

My current point system works like this
$1=1 point
25,000 points= $250.00 Check
So in summary I get 1 cent for every dollar I spend
No annual fee.

The purchases are a mix but not a lot of fuel.

I want to replace it with either another mastercard and I don't want an annual fee. APR is not important to me.


Any recommendations?

I have been using chase freedom and discover.

Chase was giving me 3% back on top 3 categories each month, but they recently changed there plan and now do something similar to discover card, which is 5% cash back on specific categories each quarter. Using them in combination, you can get a good portion of your purchases with 5% cash back. No annual fee. So $100 = $5 back. Can cash in for rewards or check, I have always taken the check

https://www.yourchasefreedom.com/
http://www.discovercard.com/customer-service/rewards/get-more-calendar.html

 

[tzjung]

United Mileage Plus card is awesome! I get 3 miles for every dollar spent on united.com, I get 2 miles for everyday / travel purchases (groceries, gas, restaurants, hotels), and I get 1 mile for everything else.

When I trade in my miles for airline tix, I usually get between 1.2 cents and 1.8 cents per mile used. I travel all the time though, so having the extra miles in my account for 'Status' really helps too!!

 

[Freebird]

I have a Chase Sapphire Visa. I really don't know how it is any different than the Chase Freedom. I had Chase Freedom for years and they switched me to Sapphire. I use it strictly for the rewards.

I get one point per dollar on normal transactions. Three points per dollar for fuel, grocery, and fast food purchases and various bonus points for using certain retailers. You can get a $50 check every 5,000 points and sometimes they offer special deals on giftcards from places like Lowe's where you can get a $100 gift card for 8,000 points (instead of the usual 10,000 points).

No annual fee. No idea what the APR is, I don't carry a balance.

I have also thought about looking into Expedia's Citibank card because we use them for most travel stuff.

 

[azn4cy]

Discover has some good cash back cards.

Yeah, but then you have to use Discover....

 

[CYdTracked]

Chase Freedom IMO is the best rewards card out there. Get 5% Cash Back you can really maximize the cash back sometimes too. Just this year they've had promotional times where you can get 5% back on things like gas, home improvement, hotels, travel, groceries, etc. and they sometimes have even better promotions with certain stores if you buy there or online or something. At the very minimum you get 1% back on everything but I use my CC for about any purchase I can make with it and rack up the cash back pretty quickly.

 

[thatguy]

Yeah, but then you have to use Discover....

soooooo very true!!!

FYI, get off credit cards. Going all cash was the best thing wife and I every did.

 

[JY07]

soooooo very true!!!

FYI, get off credit cards. Going all cash was the best thing wife and I every did.

i don't see the point in that...

i put everything I buy on the credit card when possible, and pay it off every month. doesn't cost you anything, and should net you at least 1% cashback on everything you buy

 

[ianoconnor]

Carrying around that much cash is not a good idea. If you lose your wallet, you are screwed. If you lose a credit card, just call and cancel it. As long as you are fiscally responsible, having a credit card is a great thing.

 

[azn4cy]

Carrying around that much cash is not a good idea. If you lose your wallet, you are screwed. If you lose a credit card, just call and cancel it. As long as you are fiscally responsible, having a credit card is a great thing.

Agree. I do the no balance thing too.

I was just giving you crap about Discover. I know it's fairly prevalent.

 

[thatguy]

i don't see the point in that...

i put everything I buy on the credit card when possible, and pay it off every month. doesn't cost you anything, and should net you at least 1% cashback on everything you buy

BC you are still paying with stuff on credit. Use CC to get your credit in the mid 700's then get rid of them all, except one so your credit rating doesn't go down.

 

[alaskaguy]

You can't beat the Alaska Airlines Visa Card. For 25,000 miles you earn a round trip ticket. Alaska Airlines flies to Alaska, Hawaii, most Mexican resorts and most locations in the the western U.S.

 

[thatguy]

Carrying around that much cash is not a good idea. If you lose your wallet, you are screwed. If you lose a credit card, just call and cancel it. As long as you are fiscally responsible, having a credit card is a great thing.

And Discover is actually pretty widely accepted.

I'm not physically caring around 100 dollar bills. Several years ago my bank came up with these things called debit cards. Marvelous idea. What they are, is a direct line to your checking account. The card is plastic, but it has a magnet on the back that when you run it through a special machine sends binary code to a computer at my bank, either by messenger pigeon or small rodent, that automatically deducts money from my checking account.
What will they think off next.

 

[ianoconnor]

I'm not physically caring around 100 dollar bills. Several years ago my bank came up with these things called debit cards. Marvelous idea. What they are, is a direct line to your checking account. The card is plastic, but it has a magnet on the back that when you run it through a special machine sends binary code to a computer at my bank, either by messenger pigeon or small rodent, that automatically deducts money from my checking account.
What will they think off next.

And you can use a credit card in the exact same manner AND build your credit at the same time (plus cash back). Unless you don't have the self control to not spend above your means, there is really no reason to use a debit card instead of a credit card.

 

[alaskaguy]

I should have noted that you also qualify for a companion fare annually with the Alaska Airlines Visa. The Alaska Airlines Visa has a $75 annual fee. However the value of the companion fare exceeds the cost of the annual fee. I have resold the companion fare on ebay for around $125.

 

[JY07]

BC you are still paying with stuff on credit. Use CC to get your credit in the mid 700's then get rid of them all, except one so your credit rating doesn't go down.

the only way i can see that mattering is if you have a low credit limit on the cards... if your limit is decent, the monthly revolving credit usage % isn't going to harm your credit score

 

[alaskaguy]

And you can use a credit card in the exact same manner AND build your credit at the same time. Unless you don't have the self control to not spend above your means, there is really no reason to use a debit card instead of a credit card.

I would never own a debit card. If you lose your debit card the liability is greater than from losing a credit card and I don't see any advantages to owning a debit card compared to using credit cards.

 

[thatguy]

And you can use a credit card in the exact same manner AND build your credit at the same time. Unless you don't have the self control to not spend above your means, there is really no reason to use a debit card instead of a credit card.

If you aren't a ******* and already have a really high credit score, then what is the point of keeping a credit card? The argument can be made both ways.
Cash is freedom buddy.

 

[ianoconnor]

If you aren't a ******* and already have a really high credit score, then what is the point of keeping a credit card? The argument can be made both ways.
Cash is freedom buddy.

The point of keeping it is for the cash back/rewards. It's free money, why not take advantage of that?