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My rewards cards and plan-thoughts?

Established Member

My rewards cards and plan-thoughts?

We travel by air usually once per year. Other travel is driving and stay in timeshares. Therefore I figured cash rewards were better for me. 

 

 

 I currently have:

 

AMEX BCP used for groceries and wifes fuel

AMEX TE business used for my fuel and business supplies

BOA Rewards Visa Signature for business suppliers who don't accept AMEX

Chase Freedom for 5% rotating categories and other miscellaneous

Discover IT for 5% rotating categories and other miscellaneous

 

BOA Visa Quantam - don't use

Chase Travel plus - don't use

Chase Amazone - don't use

 

Im thinking of a 2% Rewards for miscellaneous but would need low or no AF to make it worth it. 

 

Thoughts?  Also, since we only travel by air once per years, is my thinking correct regarding using cash rewards instead of points?

Message 1 of 6
5 REPLIES
Super Contributor

Re: My rewards cards and plan-thoughts?

On the 2%, Fidelity Amex is an obvious choice, 2% on everything, no AF, downsides being a small FTF and less acceptance than a Visa/MC.

 

As for travelling 1 a year, it sort of depends on that travel!   If you go international premium cabin, even once  a year, then you probably would do much better with points.

If you are using coach, less so.  Simple thing to do is to look at the price of your tickets vs the miles needed for an award on a suitable carrier.  Then look at your spending categories to see if using a Chase UR, or Amex SPG or Amex MR would require less spend than you need for cash back

Message 2 of 6
Senior Contributor

Re: My rewards cards and plan-thoughts?

Fidelity Amex is indeed the only choice right now for 2% cash back on any purchase.

 

Its hard to make suggestions without knowing what spending categories you use. In business cards, you might consider the Chase Ink Cash, for 5% cash back on the first $25,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services. Also free employee cards, and you can set spending limits on the employee cards.

 

In personal cards, the US Bank Cash+ has a fairly wide selection of selectable 5% categories, so it might be able to cover some of your needs.

 

here is a good list of categories, and the best cards for each category:

 

http://boardingarea.com/frequentmiler/2012/11/09/best-category-bonuses/





TU-8: 755 EX-8: 771 EQ-8: 763    EX-8 Bankcard: 815    
TU-9 Bankcard: 795 EQ-9: 822
   EX-98: 735 EQ-04: 730
Total $437,800
Message 3 of 6
Valued Contributor

Re: My rewards cards and plan-thoughts?

What about the cap one quicksliver with no AF. Its not 2% but 1.5% is pretty good plus its accepted more than amex

AMEX PRG NPSL,Lowes $17000,Capital One venture card $12,000,Us Airways mastercard $9500,Fidelity Amex $9000, Discover it $8000, Capital One Venture One $7500, BOA 123 rewards $7500 CSP $6000, Capital One Quicksliver $5500, Amazon Store card$5000,Barclay
Card Ring $5000 Chase Marriott $5000,Chase Hyatt $5000, Sallie Mae Mastercard $4400, Paypal smart connect $4000,Chase Freedom $3200, Capital one Quicksliver visa $3000, Chase IHG Rewards $2300, Chase Southwest Premier $2000, Citi Double Cash $1500, AMEX BCE $1000

Last app July 22nd 2015- No apps for two years.
Message 4 of 6
Senior Contributor

Re: My rewards cards and plan-thoughts?


bigblue7722 wrote:

What about the cap one quicksliver with no AF. Its not 2% but 1.5% is pretty good plus its accepted more than amex


+1  

Move the mouse over the cards for detailed view!
....Last HP 01 NOV 2016...............
Message 5 of 6
Super Contributor

Re: My rewards cards and plan-thoughts?


bigblue7722 wrote:

What about the cap one quicksliver with no AF. Its not 2% but 1.5% is pretty good plus its accepted more than amex


Yes, I recommend having both, using the QS when Amex isn't accepted and when doing foreign transactions.

Message 6 of 6