topic Re: Rewards? in Credit Cards

Rewards?

GoodCredBen — Tue, 22 Jul 2014 13:45:01 GMT

HELLO ALLS

I am looking for a card to be my new monthly bill card, i have a couple questions though..... can i even pay some of my bills with my card? My Mortgage i believe i can (7$ fee which i pay righ tnow anyways)

anyways, what would be my best bet as far as getting rewards back that wouldnt beat me up for Annual Fee or APR....

Thanks all!

PS: I love travel most!

Re: Hurm

Anonymous — Tue, 22 Jul 2014 13:45:28 GMT

I like the Merrill + card.. prety straight forward.. 1 dollar = 1 point.. But im sure you can get even better elsewhere.. I don't have it, but it appears a lot of individuals like the Fidelity Amex card.. i looked it up and it does seem to be a great cash back card! maybe look into that?

Re: Rewards?

nachoslibres — Tue, 22 Jul 2014 13:48:04 GMT

A cash back card. You won't find a good travel rewards card that has no annual fee.

Not knowing your spending habits I would recommend the Fidelity Amex. 2% back on every thing and no annual fee. And I pay all my bills on my credit cards, except for natural gas and rent, because they would charge additional fees to pay via credit card.

Re: Rewards?

GoodCredBen — Tue, 22 Jul 2014 13:51:34 GMT

Well, i would put through about 3k/mo on the card, and i dont mind the AF, i just dont want one that is like 450$ or some crazy stuff

Also, are my scores even in the right spot to get an amex like that? lol

Re: Rewards?

GoodCredBen — Tue, 22 Jul 2014 13:55:03 GMT

SOOOOOOOOOO

Nevermind....

After looking, my three largest bills (Mortgage, 2x car loans - cant even be paid with anything other then a bank acct/ATM card.....

What the heck is an ATM card? lol i know what a debit card is!

Re: Rewards?

nachoslibres — Tue, 22 Jul 2014 13:58:35 GMT

@GoodCredBen wrote:
Well, i would put through about 3k/mo on the card, and i dont mind the AF, i just dont want one that is like 450$ or some crazy stuff

Also, are my scores even in the right spot to get an amex like that? lol

With that amount it would seem that the Fidelity Amex would still be your best best. With 2% back you get $720 in cash a year on your $3k/mo spend.

You need over $40k a year in purchases to break even on the Arrival+ (which gives 2.22% back on every thing but has an $89 annual fee) vs the Fidelity Amex. The CSP gives 2 UR/$ on travel and restaurants and 1 UR/$ on every thing else - and assuming that $200/mo of your $3k/mo spend is restaurants/travel would equal 38,400 UR. If we value URs at $0.02/UR, which is doable but isn't the same as cash back, that gives you $768 in travel. Take out the $95 annual fee and that is only $673 in travel.

Re: Rewards?

GoodCredBen — Tue, 22 Jul 2014 14:00:36 GMT

*bow down to the person who can do math!!!*

yeah i cant do math, that just blew my mind, no joke.

Re: Rewards?

Anonymous — Tue, 22 Jul 2014 14:01:42 GMT

@GoodCredBen wrote:
SOOOOOOOOOO

Nevermind....

After looking, my three largest bills (Mortgage, 2x car loans - cant even be paid with anything other then a bank acct/ATM card.....

What the heck is an ATM card? lol i know what a debit card is!

lol by ATM they mean debit.. You can pay most bills with a Debit card..

Re: Rewards?

GoodCredBen — Tue, 22 Jul 2014 14:06:08 GMT

but not credit cards right? The two are not interchangeable?

Re: Rewards?

takeshi74 — Tue, 22 Jul 2014 17:24:29 GMT

@GoodCredBen wrote:
yeah i cant do math, that just blew my mind, no joke.

Does you computer (or smartphone) not have a calculator? If you're going to dabble with credit then some math skills are a must.

@GoodCredBen wrote:
but not credit cards right? The two are not interchangeable?

Nope.

Re: Rewards?

DaveSignal — Tue, 22 Jul 2014 21:40:23 GMT

The Amex EveryDay or EveryDay Preferred both earn MR, which is a great point system for travel redemptions, and they earn bonuses on all spend if you put your everyday bills and any recurring expenses to hit the transaction minimum. The standard EveryDay has no annual fee and earns a 20% point bonus on everything with 20 transactions. In my own case with this card, I have 6 regular bills that post to it automatically every month, so I only have to use the card for 14 purchases throughout the course of the month. I usually buy a coffee or energy drink on my way to work and so am able to hit this quite easily just with my normal routine.

Re: Rewards?

Themanwhocan — Mon, 28 Jul 2014 01:31:54 GMT

With 3K a month in bills, I would suggest you pick the best card from this list that you can obtain at that spending level. or multiple cards, etc. Of course, the chart doesn't go that high, but you can see the trends...

Re: Rewards?

s_haliz — Tue, 22 Jul 2014 23:47:01 GMT

@GoodCredBen wrote:
HELLO ALLS

I am looking for a card to be my new monthly bill card, i have a couple questions though..... can i even pay some of my bills with my card? My Mortgage i believe i can (7$ fee which i pay righ tnow anyways)

anyways, what would be my best bet as far as getting rewards back that wouldnt beat me up for Annual Fee or APR....

Thanks all!

PS: I love travel most!

To my knowledge, one can't pay mortgage from credit card. I could be wrong here. Any one pays with credit card? Is so, any extra charges to pay through CC? Could that be counted as "cash advnace"?

Re: Rewards?

Anonymous — Wed, 23 Jul 2014 01:44:07 GMT

@s_haliz wrote:
@GoodCredBen wrote:
HELLO ALLS

I am looking for a card to be my new monthly bill card, i have a couple questions though..... can i even pay some of my bills with my card? My Mortgage i believe i can (7$ fee which i pay righ tnow anyways)

anyways, what would be my best bet as far as getting rewards back that wouldnt beat me up for Annual Fee or APR....

Thanks all!

PS: I love travel most!
To my knowledge, one can't pay mortgage from credit card. I could be wrong here. Any one pays with credit card? Is so, any extra charges to pay through CC? Could that be counted as "cash advnace"?

You can use services like Chargesmart, their fees for mortgages are about 2.5% which removes or greatly reduces the value of using it for rewards. You can do it more indirectly, buying gift cards to use on EvolveMoney or bluebird, or credit card loads for serve. Depending on the card used, these can earn reasonable rewards while paying the mortgage. (However, for serve and bluebird you might as well pay back the credit card and pay the mortgage the usual way!)

Re: Rewards?

Anonymous — Wed, 23 Jul 2014 01:47:21 GMT

@Anonymous wrote:
@GoodCredBen wrote:
SOOOOOOOOOO

Nevermind....

After looking, my three largest bills (Mortgage, 2x car loans - cant even be paid with anything other then a bank acct/ATM card.....

What the heck is an ATM card? lol i know what a debit card is!
lol by ATM they mean debit.. You can pay most bills with a Debit card..

Well, there are still ATM cards, I have one from TIAA Direct for example which can be used in ATMs but isn't usable as a debit card. Which of course means you can't pay bills with it either.