Best restaurant card

[flowfaster]

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@nickn86 wrote:

^^  The mortgager doesn't need to accept CC payments.  What Citi does is mail you a check addressed to the bank that you then send in to the bank.

I've heard some people just sign the check over to their personal account.  I'm not sure how that works.

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Shhhh..

[Revelate]

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@nickn86 wrote:

^^  The mortgager doesn't need to accept CC payments.  What Citi does is mail you a check addressed to the bank that you then send in to the bank.

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What?

Does that only cover the TY points, or are we talking payment via CC as well?   Does it count as a cash advance and are there fees with it?  I'd simply adore being able to conveniently put my rent or mortgage through a credit card, but usually this is too good to be true and comes with a 3% fee or whatever.

[nickn86]

It's just a way of redeeming TYPs and def seen as a cash advance. 

So if you have 10,000 TYPs, you can redeem that for a $100 mortgage check or student loan check.  They send you a check in the mail made out to the bank.  You get way better value redeeming it for this than a statement credit or direct deposit (10k TYPs would only get you like $50 in that area),  Redeeming for these checks allows you to get the full 5% for restaurants (as would booking travel through the Thank You website.  A few of the $100 gift cards are 1:1 with the Forward, and all will be if you pair the Forward with a higher-tier TYP card from Citi).

[Revelate]

Rockin, thanks  Nick!

[jsickz32]

Why everyone says forward gives 5% on restaurants? Thats what confused me when i applied for the forward. I thought i was gettin 5% back but its actually points that arent worth much. I much rather get 5% cash back. I guess thats why i dont like my forward.

[bs6054]

That's what the last few posts are about.   In some categories, particularly mortgage payment/student loan payments, points are worth 1c, so it is a true 5%.  Some other options are worth (a lot less).   But some gift cards do redeem at 1c (others don't).  If you also have the other card(s) Preferred/Premier you can transfer your points to that account and get 1c per point for everything (and whichever has the annual fee allows to purchase travel at 1.2c per point)

Edit: See Nick said most of this above...

[jsickz32]

i just redeemed my points again for 50 statement credit. i spend around 150 a week in food since i eat out everyday. its not hard to earn points with this card but they arent worth much to me. i dont shop at the stores they offer 1:1 gift card and i dont have student loans or mortgage.

[nickn86]

^^  In the future you'd probably be better off cashing in the points for a high-value giftcard and then selling the giftcard on PlasticJungle, Cardpool, etc...  Also, remember the points are worth full-value when booking travel (and you don't need to pay for a whole flight with points.  If you're short you can pay what you have in points and the rest in cash.

[bribro]

My favorite restaurant card is my Chase Ink Bold, which I use to buy $500 Visa gift cards at Office Depot for 5x points. When you net out the fee ($4.95) you are getting ~4.1% cash back on all purchases, including restaurants. If you instead convert the UR points to say MileagePlus miles, which I often redeem for $.03-$.04/mile, you're looking at 15% "cash back" equivalent value on all purchases.

[Dustink]

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@improvingmycredit wrote:

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@flowfaster wrote:

The Cash+ would be the best if you set both your choices restaurant and fast food(includes starbucks).  You would essentially get 6.25 with the $25 bonus.

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Great card too!  

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Add in the package bonus and your golden.