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Established Member
medcinmn
Posts: 27
Registered: ‎10-28-2013

My rewards cards and plan-thoughts?

[ Edited ]

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?

Senior Contributor
longtimelurker
Posts: 5,377
Registered: ‎04-22-2013

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

Most active cards: Amex BC ($50K), Cap One QS ($33K) Fidelity Amex ($20K)
Others: CSP, Freedom, Chase Amazon, Cap One QS, Penfed Plat Rewards (x2), Citi TY Preferred, Citi Dividend, Citi AA Plat Select, Citi Forward, Amex BCE, Amalgamated Bank, Sallie Mae, Cash Plus
Scores May 14: EQ 848, EX 833, TU 841 (Jul)
Valued Contributor
Themanwhocan
Posts: 1,308
Registered: ‎04-04-2013

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/


Established Contributor
bigblue7722
Posts: 1,013
Registered: ‎05-17-2013

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


Last APP 5/24/14- Going for a house in 2015
Starting Myfico eq-(609 06/13)- Current Score (674)-Goal Score-(720)
CSP $5000,Capital One Quicksliver $3500, Discover it $3000,Chase Freedom $2200, Barclaycard rewards $1500, Sallie mae barclaycard $1400, Fingerhut $1400, Paypal smart connect $1000, Chase Amazon Visa $1000, Seasons FCU card $500
Valued Contributor
lg8302ch
Posts: 2,467
Registered: ‎11-13-2012

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  

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Senior Contributor
longtimelurker
Posts: 5,377
Registered: ‎04-22-2013

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.

Most active cards: Amex BC ($50K), Cap One QS ($33K) Fidelity Amex ($20K)
Others: CSP, Freedom, Chase Amazon, Cap One QS, Penfed Plat Rewards (x2), Citi TY Preferred, Citi Dividend, Citi AA Plat Select, Citi Forward, Amex BCE, Amalgamated Bank, Sallie Mae, Cash Plus
Scores May 14: EQ 848, EX 833, TU 841 (Jul)

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