Which credit card gives you the best rewards?
Credit Card
Luv my son (baby #2 due 11/4/09) asked:
I tend to use one credit card to charge all my expenses each month and then pay it off at the end of the month. There are sooooo many credit cards out there and I was wondering which one gives the best rewards back. What card do you use, and what type of benefit do you get for using it? I don’t care if it is for airline miles, cash back (a percentage) or some sort of point program. I was just wondering who is using what card and why?? Thanks!
Ramon
I tend to use one credit card to charge all my expenses each month and then pay it off at the end of the month. There are sooooo many credit cards out there and I was wondering which one gives the best rewards back. What card do you use, and what type of benefit do you get for using it? I don’t care if it is for airline miles, cash back (a percentage) or some sort of point program. I was just wondering who is using what card and why?? Thanks!
Ramon
May 20th, 2009 at 6:06 pm
Cynthia
i always use my amex charge card. i get reward points then once ive accumulated enough points for something that i want in the rewards system than i exchange it.
May 21st, 2009 at 2:15 am
Marlene
I use the Starwood Preferred Guest credit card from American Express. No annual fee the first year, $30/year after.
There are no capacity controls or blackout dates for award redemption, so it’s easy to use points. Also, you can convert your points into airline miles at more than 30 airlines. And with most airlines, if you convert 20,000 points into 20,000 miles, there is a 5,000 mile bonus.
I haven’t ever used my Starwood points for airline miles because they are more valuable for hotel stays.
I think this is one of the best travel rewards credit cards around.
May 22nd, 2009 at 4:15 am
Ida
I would suggest staying away from airline cards because the way airlines are cutting back on their benefits, you may never know when they’ll cancel their mileage programs. I was browsing through the following site and there seems to be some very good cash back cards. That’s the best way to make your money back without having to figure out what points are actually worth. See if you like any of them.
May 25th, 2009 at 3:15 pm
Oscar
Top credit cards with best rewards.
1. Chase Freedom Cash Visa
2. Blue Cash From American Express
3. Discover More
May 27th, 2009 at 4:52 pm
Denise
Chase Freedom is nice because you can choose how to use your reward points. You can even redeem those points for a statement credit. Basically the major banks offer so many great programs. The cool thing is you can typically earn 3% - 5% bonus points on purchases if they are made at certain places. The most common now is that some reward cards give you 5% back on gas purchases. You have to find the card that best fits your lifestyle.
May 30th, 2009 at 2:36 pm
Cheryl
check this site, they reviewed several rewards credit cards,
May 31st, 2009 at 8:42 pm
Lucy
Some good rewards cards include the AmEx Blue Cash card (up to 5% cash back at grocery/gas/drug stores, but tiered), the Citi Diamond Preferred card (5% rewards at grocery/gas/drug stores for the first year), and the Capital One No Hassle Miles Ultra for Professionals (2% rewards on all spending, but $39 annual fee).
You can use this rewards calculator to see which of numerous cards will pay you the most for your normal spending profile:
June 1st, 2009 at 10:47 am
Sheila
I use the Discover More Card and love it. No annual fee, 10% apr, and I get the best rewards awround. 3% cashback or points towards travel. I use it for everything. Its all pratical and its awesome to get rewards. I applied online through applyfastbankcards and got paid $55, they pay you to use their site. Good Luck:)
June 2nd, 2009 at 8:38 pm
Allison
I think if you’re using your card for ALL purchases, it’s probably the best to get a cash back card that allows you to get cash back on everything. I’m a big fan of the AMEX blue cash card.