topic Re: Best rewards CC? in Credit Cards

Best rewards CC?

Anonymous — Tue, 05 Mar 2019 01:58:24 GMT

I would like to apply for a new CC and am in the market for the best cash back/rewards card. I'm considering CO savor, Chase Sapphire or Amex gold. I don't travel often so a travel rewards card wouldn't be that helpful. I want one that will be generous with SL and CLI. Of the three which one do you all suggest?

Re: Best rewards CC?

Anonymous — Tue, 05 Mar 2019 02:01:43 GMT

Amex gold is a charge card. So there technically is no SL or CLIs. You must pay in full every month. It's basically a debit card with rewards. You will have a preset spending limit that will be based on your credit worthiness and history with Amex. But not really a credit limit.

Re: Best rewards CC?

Anonymous — Tue, 05 Mar 2019 02:05:09 GMT

Thanks for the clarification.

Re: Best rewards CC?

Anonymous — Tue, 05 Mar 2019 02:11:43 GMT

@Anonymous wrote:
Amex gold is a charge card. So there technically is no SL or CLIs. You must pay in full every month. It's basically a debit card with rewards. You will have a preset spending limit that will be based on your credit worthiness and history with Amex. But not really a credit limit.

And, the rewards for the gold card are in MRs, which really are best used for travel, so it IS a travel rewards card. (You can use MRs for gift cards, but not straight cashback/statement credit, if you want a decent rate)

Re: Best rewards CC?

Anonymous — Tue, 05 Mar 2019 04:11:26 GMT

If you want straight cash back, you can go for the Uber Visa. The WF Propel I have is a great card as well for a broad, high-earning CC, but alot of people do not like WF. Propel also has a min redemption of $25 and they seem a little slow with CLI, at least with me. Savor is a good one as well from Cap1. Another one that I am in the process of applying to is the US Bank Cash+, for 5% on 2 catagories that you can change each quarter, as well as a 2% catagory (lots of control!). US Bank is a conservative lender though, so it may be harder to get in.

Out of the three you mention, the Savor is probably the best. The other two are mostly geared for travel, though the CSP and CSR have a ton of benifits. It depends on if you can actually use those benifits.

Re: Best rewards CC?

Anonymous — Tue, 05 Mar 2019 12:28:08 GMT

American Express is known for being really good with credit limits. No hard pulls for increases, can ask for one after 60 days. At any given increase, can increase by up to 3 times. After the first CLI, no more for at least 6 months and the next one can be harder to get though. And the 6 months rules applies to all Amex cards you have, not just 6 months since the last increase on that particular card. I'd recommend the Blue Cash Preferred, what I have. I started with a $2000 limit, to which I was surprises because I would get $1500 or less with other places. I now have a $6000 limit.

Re: Best rewards CC?

Anonymous — Tue, 05 Mar 2019 12:34:35 GMT

@Anonymous wrote:
I would like to apply for a new CC and am in the market for the best cash back/rewards card. I'm considering CO savor, Chase Sapphire or Amex gold. I don't travel often so a travel rewards card wouldn't be that helpful. I want one that will be generous with SL and CLI. Of the three which one do you all suggest?

That depends on your spending habit, how much do you spend monthly or annually? and in what category do you spend them on?

Re: Best rewards CC?

pinkandgrey — Tue, 05 Mar 2019 12:48:45 GMT

Of your choices, Savor would probably be the best and give the highest limit. The CSR would be next best. Good luck!

Re: Best rewards CC?

Anonymous — Tue, 05 Mar 2019 13:07:16 GMT

Do you have a banking relationship with any CC issuers? That could help in your decision making process.

@Anonymous wrote:
I would like to apply for a new CC and am in the market for the best cash back/rewards card. I'm considering CO savor, Chase Sapphire or Amex gold. I don't travel often so a travel rewards card wouldn't be that helpful. I want one that will be generous with SL and CLI. Of the three which one do you all suggest?

Re: Best rewards CC?

Anonymous — Tue, 05 Mar 2019 13:41:32 GMT

"Best" is such a subjective thing. If you tend to cook at home a lot, a card that provides CB at grocery stores may be best. If you don't, that same card wouldn't be very useful at all. Same with many other cards depending on what you normally spend on, and what the card provides in return for that category of spending.

What do you normally spend the most on each month? That will help folks better suggest a "best" card for your spending.

Re: Best rewards CC?

Anonymous — Tue, 05 Mar 2019 13:43:27 GMT

Cash+ is the only card I can think of that has categories with a high enough return rate that most people can find ways to use the 5% categories.

Otherwise it’s all about where your spending goes.

Re: Best rewards CC?

UpperNwGuy — Tue, 05 Mar 2019 14:31:15 GMT

If you want cash back rewards, and you don't travel much, then don't get cards from Amex or Chase. Their cards are designed for people that travel. As has been suggested above, look at the Uber card, the Propel card, or the Costco card for lots of reward categories on a single card, or just stick to a flat rate 2% cash back card like the Citi Double Cash.

Re: Best rewards CC?

xaximus — Tue, 05 Mar 2019 15:17:17 GMT

@UpperNwGuy wrote:
If you want cash back rewards, and you don't travel much, then don't get cards from Amex or Chase. Their cards are designed for people that travel. As has been suggested above, look at the Uber card, the Propel card, or the Costco card for lots of reward categories on a single card, or just stick to a flat rate 2% cash back card like the Citi Double Cash.

+1. Without knowing what the OP's expenses are - my suggestion is a 2% card. It's generic and you can throw pretty much everything on it.

Re: Best rewards CC?

Anonymous — Tue, 05 Mar 2019 15:37:02 GMT

@Anonymous wrote:
American Express is known for being really good with credit limits. No hard pulls for increases, can ask for one after 60 days. At any given increase, can increase by up to 3 times. After the first CLI, no more for at least 6 months and the next one can be harder to get though. And the 6 months rules applies to all Amex cards you have, not just 6 months since the last increase on that particular card. I'd recommend the Blue Cash Preferred, what I have. I started with a $2000 limit, to which I was surprises because I would get $1500 or less with other places. I now have a $6000 limit.
US Bank Cash+ Visa Signature $5000 | Chase Freedom $1500 | JCPenney $1500 | Bank of America Cash Rewards $500 | Discover It Cash Back $3500 | American Express Blue Cash Preferred $6000 | Chase Freedom Unlimited $1500

Why recommend that without knowing if OP spends much on groceries or gas? This could be a $95 AF for very little return. Or, it could be a great choice. But you need more data before unconditionally recommending!

Re: Best rewards CC?

Anonymous — Tue, 05 Mar 2019 15:52:20 GMT

I'm sorry. I didn't make this post clearer. I want to make my hard pull count. I have 4 cc's: QS 5,000 DeltaAmex Gold 1,000, DCCU 3,000 And Cit diamond 1200. My scores are in the high 600's across the board. I mainly spend my cards on going out to eat, Walmart, incidentals and the occasional splurge on electronics. I want my swipes to earn me some sort of reward. Since doing my research last night I've narrowed it down to AMex blue cash back, capital one savor and discover it( pre- approved for this one).
I feel like I would get the biggest sl with capital one and the smallest with Amex. I'm not sure about Discover it. I just got want to make sure my hard pull before 5/24 is worth it. I hope this rambling makes sense and clears up my question.

Re: Best rewards CC?

Anonymous — Tue, 05 Mar 2019 15:55:39 GMT

I've been hearing good things about Uber visa and will read more about the card as well as Amazon Visa. Thanks for all the great advice