Re: Is the Chase Sapphire Preferred worth carrying permanentl
01-06-2013 06:53 PM
For higher spending, the fee travel cards are more compelling. Mainly, because when spending increases, the most important aspect isn't the bonus spending, but not have caps on said spending. All issuers have caps of some kind. 5% categories are capped at $1,500; Priceline bonuss capped at 2,500; etc...Amex and Chase are two of the only issuers who have 0 caps on regular spending.
Not sure what you mean here. Cap One 1.5% cards, for example, are uncapped, as is Fidelity Amex. Off hand, the 5% revolvers and the BCP/BCE grocery cap are the only capped ones that come to mind, although I am sure there are others.
But I generally agree with the analysis. Something recent on another forum stuck in my mind about relative value. The poster said that he spends about $40K a year, and if he used a 2% card that would generate $800, which he would hardly notice. Spent correctly on miles cards, it would transform a trans-ocean vacation flight from coach to business or first, a much more memorable experience.