Questions for PRG holders

[youngandcreditwrthy]

I dont really like MR points. But I dont have any Amex card that deals in those. Only have BCE and D Gold.

[bluesnowman]

The PRG is a good points earning card if you value MR points quite a bit. I love my PRG, but unfortunately I don't use it enough (plus my income is a rather limiting factor) to justify the annual fee. I think I'll end up closing it next month since the annual fee will be due then, since I can't justify the annual fee. 

[longtimelurker]

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@enharu wrote:

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For gas and groceries, the BCP is your best option. 6% for groceries (6k cap), 3% for gas. There's an AF, but if you spend quite a bit on groceries it's easily worth the money.

The Amazon visa is no limit 2% for gas, groceries, restaurants and 3% for amazon. 

And there's also Sallie Mae, which is 5% for first 250 in gas, 250 in groceries, for each month.

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For some, the best gas/grocery might be the TD Cash Rewards, which is uncapped 5% on gas/groceries/utilities/restaurants.  The drawback is that this is only for 6 months, but according to recent posts on FT, once you close it, you can get it again after just 2 months.  So a partner pair can have it all the time.  I will be testing this in March!

[enharu]

@icewolf, there are other better dining cards than the CSP if you are just redeeming it for cashback.

The citi forward is uncapped 5%.
Amazon visa is also 2% for dining with no AF.
Cash+ can be set for 5% for up to 2k per quarter for restaurant expenses.

[longtimelurker]

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@09Lexie wrote:
@IcEWoLF

A whole lot of dining out.

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Well, CSP gets (a delayed) 2.14%, and, for example, Fidelity Amex and Amazon gets 2%  So to make up the $95 in AF, you only need to spend $68K on dining each year for the CSP to win That's just a few thousand trips to McDonalds!

And compared to the cash plus (5% on first 8,000 and 1% on rest) CSP wins after just $26K

And if you are lucky enough to have the Forward, that is always better for cashback

[enharu]

@longtime, let me know how that TD rewards is working out for you too after you get it. For now I still have the citi 5X on gas, groceries etc, but its ending in April for me

[koalablue]

I had the PRG for a year and then upgraded to the Platinum, since I travel a fair amount.  Have already used the 200.00 travel credit on the Plat and used the American airport lounge a couple times.  The point earning isn't as good on the Plat, but people mainly get it for the travel rewards.  I use the BCP for grocery shopping, so the PRG wasn't getting any use there.

[Walt_K]

If you don't put $30K through this card and a decent amount of that in the bonused categories, it's most likely not worth it.   

[TheClub]

IMO,

The PRG is best for those who will run at least $30000 a year through the card to redeem the 15000 MR bonus points. That'll justify the $175 annual fee as you'll earn a minimum of 45000 MR points total for every 30k spent.

[navyox]

Yeah, I've deciced to keep it until the AF is due, then either cancel or downgrade to Green.  Probably just cancel it altogether so I can try for a decent bonus on one of their charge cards at some point well down the road.

No point in cancelling right away since the backdating is helping to offset the AAoA damage from my new Freedom and Mileage Explorer.