(Closed) What kind of credit card is best?? (Airline miles, etc)

posted 7 years ago in Money
Post # 3
Hostess
18637 posts
Honey Beekeeper
  • Wedding: June 2009

My dad swears by his United VISA. Yes, it only gets points for United and family but they go a lot of places now.

The Capital One Venture card is highly rated by a lot of sites.

I have an American Express Blue Cash card (they don’t offer the one I have anymore) but it gives me up to 5% on gas, groceries, and drugstores.  The Chase VISA is pretty similar in cash back but the bonus categories rotate every quarter.

Post # 4
Member
3968 posts
Honey bee
  • Wedding: September 2014

I have a discover (my first credit card!) and I really love it. I get cash back percentages, that way I don’t have to worry about black out dates or anything and could use that money to pay off a balance from booking those plane tickets 🙂

Post # 5
Member
14659 posts
Honey Beekeeper
  • Wedding: June 2011

My favorites are the cash back cards.  The best I’ve found is the Bank of American Cash rewards.  3% gas, 2% groceries, 1% all else.  The Amex Blue is a good card if you spend over 6k a year I think it was cause their rewards are tiered.  Discover gas rewards are good for 2.5% gas cash back 1% all else, and their shop discover program is really good too.  They have promos for 10 or 15% cash back on kohls, sears, jcp, sephora & a ton more.

 

Post # 6
Member
11422 posts
Sugar Beekeeper
  • Wedding: May 2009

It really depends on what stage of life you are in and what your financial situation is.  However, in my opinion, a card that provides you with cash back OR a card that provides you with gift certificates to stores where you shop often are good to have.  For example, I have a card that pays me 1 percent cash back on everything, so I put everything under the sun (including my wedding vendor payments) on that card to rack up the cash back. (It’s vital to note that I pay off my credit cards each month and never carry a balance or pay interest.  If you’re paying interest, you do NOT want to use this method of earning rewards faster.) I also have a card that provides me with a higher percentage (five percent) back when I shop at a particular department store. (The card bears the name of the department store but it is also a major credit card that I can use anywhere.) I receive one percent back in reward credit for every dollar I spend outside of that store and five percent back in reward credit for every dollar I spend at that department store. I enjoy receiving a $25 reward certificate that, combined with a sale price and a coupon, may allow me to buy an expensive pair of jeans for $5.

Post # 7
Member
14494 posts
Honey Beekeeper
  • Wedding: June 2011

Go for a card with the lowest interest rate and forget the rest, the extra percentage points will more than save enough to cover any “goodies” they might offer.  I suggest amex blue, you can transfer all of your card balances to them for 0% and they are usually one of the most competitive as far as rates.

Post # 8
Hostess
18637 posts
Honey Beekeeper
  • Wedding: June 2009

@Brielle:  I agree with that 100%, if you aren’t able to pay off your balance every month, getting a reward card is a moot point.  If you pay it off every month in full, a rewards card is worth it.

Post # 9
Member
5295 posts
Bee Keeper
  • Wedding: January 1993

Darling Husband and I pay off every month, in full. We both have a Citi Mastercard, that does 5% on popular categories on a rotating basis, and 1% on everything else. Darling Husband then has a Discover, and I have a Chase Visa – which are the same as far as reward %’s. So someone usually has a card that’s doing 5% on gas, groceries, or restaurants for whatever quarter it is. 

Post # 11
Member
689 posts
Busy bee
  • Wedding: August 2014

None!!!

Post # 12
Member
5295 posts
Bee Keeper
  • Wedding: January 1993

@Caizn:  I kindly disagree, lol. If you pay it off each month, it’s really nice – Darling Husband and I have made several hundred dollars in cashback over the last couple years. That’s pretty sweet!

Post # 13
Member
14659 posts
Honey Beekeeper
  • Wedding: June 2011

@hisgoosiegirl:  I agree.  I cash out on at least $500 a year on cash rewards for charging everything.  And its always paid off.  I view my cards as cash, I dont buy anything I wouldnt buy anyways if I were handing over cash.

Post # 14
Member
689 posts
Busy bee
  • Wedding: August 2014

@hisgoosiegirl:  Oh, I know my opinion isn’t for everyone. To me its just another bill to pay (even if you would be paying anyways). I’m kind of an avid Dave Ramsey fan so ya know- I’ll never have one.

Post # 15
Member
5295 posts
Bee Keeper
  • Wedding: January 1993

@Caizn:  oh I know, I thought cc’s were the devil before I got one. But [email protected], I treat it like cash. If it’s not in my checking account, I don’t spend it. I will never, EVER, get into the mentality of ‘oh, my credit limit is $5000, so that means I can spend $5000! Never, ever, ever!

Post # 16
Member
6123 posts
Bee Keeper
  • Wedding: August 2012

I have an AMEX Cash Blue.  It is tiered, but even as a poor student I easily entered the 6500/year category so it’s not hard to meet.  It’s 5% back on groceries, drugstore, gas, warehouse and 1.5% back on everything else.  Everytime you’ve accumulated $25 back you can cash it in any time and it’s deducted from your statement.

 

Fiance has Chase Visa.  He gets 5% back on rotating categories (ie restaurants, gas and hotels for 3 months) and 1% back on everything else.  It’s good to have the diversity.

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