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@lg8302ch wrote:
@RhubarbPie wrote:https://www.bankofamerica.com/credit-cards/products/bankamericard-travel-rewards-credit-card.go
Giving me a link to the card does not explain how I got the points wrong. You aren't the OP (who made that claim), but please feel free to explain (with words).
Earn 1.5 points for every dollar spent on purchases
See my edit in that post, in which I explained to you, your misunderstanding of the difference between earn rate and redemption rate.
@RhubarbPie wrote:
@lg8302ch wrote:
@RhubarbPie wrote:https://www.bankofamerica.com/credit-cards/products/bankamericard-travel-rewards-credit-card.go
Giving me a link to the card does not explain how I got the points wrong. You aren't the OP (who made that claim), but please feel free to explain (with words).
Earn 1.5 points for every dollar spent on purchases
See my edit in that post, in which I explained to you, your misunderstanding of the difference between earn rate and redemption rate.
But obviously the "value" of a card is really a combination of both, so if a card gives 1,000 points per $1 spent, that card is good value even if the point is only worth 1c.
I think your conclusion is correct though, BoA final value is 1.5c per $ spent, which is not nearly as valuable as some redemptions available with transerable points cards.
Also, this card is chip&sig rather than chip&pin, so it falls down there for me.
@longtimelurker wrote:
@RhubarbPie wrote:
@lg8302ch wrote:
@RhubarbPie wrote:https://www.bankofamerica.com/credit-cards/products/bankamericard-travel-rewards-credit-card.go
Giving me a link to the card does not explain how I got the points wrong. You aren't the OP (who made that claim), but please feel free to explain (with words).
Earn 1.5 points for every dollar spent on purchases
See my edit in that post, in which I explained to you, your misunderstanding of the difference between earn rate and redemption rate.
But obviously the "value" of a card is really a combination of both, so if a card gives 1,000 points per $1 spent, that card is good value even if the point is only worth 1c.
I think your conclusion is correct though, BoA final value is 1.5c per $ spent, which is not nearly as valuable as some redemptions available with transerable points cards.
Also, this card is chip&sig rather than chip&pin, so it falls down there for me.
Well, there is a difference between having a value, and have a good value. In this case, based upon the signup bonus alone, the card has a value of $100. I guess that's better than 0 dollars. But its a terribly poor value, compared with the value of 10,000 FF miles or transferrable points.
@longtimelurker wrote:
@RhubarbPie wrote:
@lg8302ch wrote:
@RhubarbPie wrote:https://www.bankofamerica.com/credit-cards/products/bankamericard-travel-rewards-credit-card.go
Giving me a link to the card does not explain how I got the points wrong. You aren't the OP (who made that claim), but please feel free to explain (with words).
Earn 1.5 points for every dollar spent on purchases
See my edit in that post, in which I explained to you, your misunderstanding of the difference between earn rate and redemption rate.
But obviously the "value" of a card is really a combination of both, so if a card gives 1,000 points per $1 spent, that card is good value even if the point is only worth 1c.
I think your conclusion is correct though, BoA final value is 1.5c per $ spent, which is not nearly as valuable as some redemptions available with transerable points cards.
Also, this card is chip&sig rather than chip&pin, so it falls down there for me.
With US card issuers you have to take what you can get. Also I prefer chip and signature if the pin cannot be selected by the card holder. There is still the majority without even chip and this on so called travel cards in todays century?? ... I am grateful for having a GE Moneybank chip and pin if nothing else will work and it allows to select/modify the own personal pin at any bank teller My Amex blue from Germany I do no longer use because the assigned pin cannot be modified and I can assure you this is a nightmare if you have multiple cards with pin. I have at least 4 cards with pin that I cannot modify the pin and I am no longer using them as I hate to look up the pin each time I need to pay ...or I am simply too stupid to memorize that many 4-6 digit pin numbers
The ultimate solution is chip and pin and let the card holder select the pin!
The bolded bit refers to a hypothetical card, not BoA! If a card gives back $10 per $ spent (1,000 points each worth a cent) it would be excellent value, even if it had no bonus.
As I said in my post, I agree with you about the BoA, just didn't like the splitting of earning vs redemption instead of looking at the combined picture. And for churning, I also agree that the sign-up bonus is a critical factor as well in deciding which cards to go for.
There are many banks and many way for International travel cards.and provide best facility to his customer many times there are point scheme and You also get two points per money spent on travel .
@lg8302ch wrote:With US card issuers you have to take what you can get. Also I prefer chip and signature if the pin cannot be selected by the card holder. There is still the majority without even chip and this on so called travel cards in todays century?? ... I am grateful for having a GE Moneybank chip and pin if nothing else will work and it allows to select/modify the own personal pin at any bank teller My Amex blue from Germany I do no longer use because the assigned pin cannot be modified and I can assure you this is a nightmare if you have multiple cards with pin. I have at least 4 cards with pin that I cannot modify the pin and I am no longer using them as I hate to look up the pin each time I need to pay ...or I am simply too stupid to memorize that many 4-6 digit pin numbers
The ultimate solution is chip and pin and let the card holder select the pin!
Right. Penfed (and presumably others) do let you choose the PIN when issued, but once selected it cannot be changed (which probably isn't a huge issue). But as it defaults to sig, still wastes time. Unfortunately, my only "real" chip&pin is a UK debit card that doesn't earn rewards, so don't often use it.
Hey guys, quick question.
There's a very good chance that I'll find myself in Japan for a months-long study abroad thing. I know they use credit cards there, but in a much more limited way than in the States. Does anyone have any experience with using credit cards -- more specifically, U.S. issued credit cards -- in Japan?
RhubarbPie is correct on the 1.5 pts per spend, but only if *redeemed* for travel credits (like the Arrival), but ony 1.0 cents if redeemed for cash. Any 1% return on spend is pretty abymsal, unless one can transfer for a higher redempton value to a FF or hotels program.
I've always considered travel credits as a form of glorified cashback.
However, I'm assuming part of the OP's condition is no-forex with EMV. In this case, the US options are limited. UA Explorer is a better option with the signup, more valuable miles, and non-forex, but it doesn't have an EMV chip. So, with the EMV chip, what's a better option here? JPM Ritz, MP Club, Hyatt, Citi Premier, or Amex Plat?
@lg8302ch wrote:With US card issuers you have to take what you can get. Also I prefer chip and signature if the pin cannot be selected by the card holder.
+1
There's no way I'm remember another 4 pins without writing it somewhere compromising the very reason for its purpose--fraud deterrence.
PS - On your Barclay Arrival, how do they handle the no forex? On the T&C, it stipulates "no foreign transaction for puchases in US dollars." What happens when you purchase in local currency? Thanks!