Rewards credit cards - your opinion?

Discussion in 'Hot Entrepreneurs: Build Wealth & Share Links' started by 3timesoccermom, Feb 9, 2014.

  1. 3timesoccermom

    3timesoccermom The Original "Viral" Foodie

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    I'm looking to get a different credit card that offers better rewards (of course NO annual fee and a good interest rate).

    I know there is some data in this thread on a few cards but most of it is old so I would love to have opinions on which card you think offers the best options.

    Here is a site where I'm comparing a few.

    http://www.cardhub.com/credit-cards/

    Thank you for any and all suggestions.
     
    Last edited: Aug 9, 2014
  2. 3timesoccermom

    3timesoccermom The Original "Viral" Foodie

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    Re: ~ Rewards credit cards - your opinion?

    :smile7:
     
  3. 3timesoccermom

    3timesoccermom The Original "Viral" Foodie

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    Re: ~ Rewards credit cards - your opinion?

    :smile7:
     
  4. pennywatcher

    pennywatcher Mod Of The Month Dec 2007 Trader Group

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    Re: ~ Rewards credit cards - your opinion?

    One question to ask yourself is what categories do you do a lot of spending?

    Caveat: We pay off our credit cards in full each month so I have no idea what the interest rate on any of these cards is. They are all no annual fee.

    The American Express Blue Cash Everyday is a decent card for gas (2%) and groceries (3% up to $6000 yearly spending then 1%). Having an AmEx can be nice because of the sync offers. More on this card here: http://www.hotcouponworld.com/forum...can-express-blue-cash-everyday-preferred.html

    We just got a Sallie Mae World mastercard. 5% on gas (up to $250 spending per billing cycle, then 1%) and 5% on groceries (up to $250 spending per billing cycle, then 1%). The limits may be low for some families, but for us, it's a great card. More on this card here: http://www.hotcouponworld.com/forums/credit-cards/518863-sallie-mae-world-mastercard.html

    I've had a Chase Freedom card forever. 1% on everything and then rotating 5% categories. Sometimes the categories are good, sometimes not so much. I'm learning to take better advantage of the categories by buying some gift cards during the bonus period to use later. You have to be careful not to get yourself into budgetary trouble doing that, though. This card gives you access to Chase's Ultimate Rewards Mall to get a % cashback for online shopping. I prefer to use a credit card portal for online cashback rather than a site like Ebates. You can see the 2014 bonuses here: http://www.hotcouponworld.com/forum...egories-2014-chase-discover-citi-barclay.html

    Lots of people swear by the Discover It card. It's similar to the Chase Freedom. 1% on everything and rotating 5% categories. They have an online shopping portal as well. I don't know if the Chase or Discover cashback percentages tend to be higher. Both will allow you to redeem for gift cards instead of a statement credit. My experience is that Discover offers more of those gift cards at a discount than Chase does. So Discover will let you redeem $20 worth of points for a $25 gift card on certain cards.

    If you do a lot of online shopping (other than Amazon), the Barclaycard Upromise card is a nice one to have. Upromise has a shopping portal that anyone with a Upromise account can use to earn cashback. If you shop through the portal *and* use a Upromise credit card, you get an additional 5% cashback. Your cashback for the Upromise card comes as a Upromise contribution so there's an extra step in there for getting your cash back in hand. We have our contributions roll automatically to a Sallie Mae High Yield Savings account. This card gives 1% on all purchases.

    If you do a lot of online shopping at Amazon, the Amazon Visa might be the card for you. 3% back on Amazon purchases, 2% at drug stores and office supply stores, 1% on everything else.

    If restaurants is a big category for you, the Chase Sapphire is 2% on restaurants, 1% on everything else. This card gives you access to Chase's Ultimate Rewards Mall as well. When researching this one, make sure you're looking at just the Sapphire (no annual fee), not the Sapphire Preferred (annual fee). We're trying out the Preferred card which has some travel benefits that may make the annual fee worthwhile.

    If you travel a lot, the Barclaycard Arrival World card has a lot of perks. The catch is that you can only redeem your rewards toward travel expenses so if you don't travel a lot, you won't see that cash back anytime soon.

    The Capital One Quicksilver card is a great no hassle rewards card. It's 1.5% on everything, period.
     
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  5. clippyclippy

    clippyclippy (> ” ” <) Heeeeeeere ( =’o'= ) kitty Trader Group

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    Re: ~ Rewards credit cards - your opinion?

    We have the American Express blue cash card, but it's a previous version that gives back 5% on gas, groceries and drug stores. 1% on everything else. No annual fee. We pay off every month, so I have no idea what the interest rate s.
    Sadly they no longer offer it.
    we also have the discover card with rotating rewards, and the only time we use it is if he 5% is in a cat agony that compliments he Blue Cash - such as restaurants or online shopping.
    The rewards to me are fabulous - we cash them out at the end go the year and use it like a Christmas cash savings account. The rewards usually pay for all of our Christmas gift spending.
    Sorry this is not too helpful if you are looking for a new card, Renee. I'd still look at the Blue Cash card even with the different percentages in those catagories.
     
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  6. 3timesoccermom

    3timesoccermom The Original "Viral" Foodie

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    Re: ~ Rewards credit cards - your opinion?

    @pennywatcher - wow!!! THANK YOU SO MUCH!!! :smile7:


    Thank you [MENTION=32345]clippyclippy[/MENTION]. Still helpful. :smile7:
     
    Last edited: Feb 10, 2014
  7. JulieDB

    JulieDB New Member

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    Re: ~ Rewards credit cards - your opinion?

    I am leery of Upromise. I signed up but when I clicked through them, the prices were much raised from what they were elsewhere. Not sure if they still do this but it was that way several years ago.
     
  8. pennywatcher

    pennywatcher Mod Of The Month Dec 2007 Trader Group

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    Re: ~ Rewards credit cards - your opinion?

    I have not noticed a price difference in the 2-3 years I've been using them as an online portal. I almost always end up going straight to the vendor site first to browse and decide what I want. Then I remember I have to click through Upromise and go do that before making selections. I've not see a price change. The program has changed a lot over the years, though, so it wouldn't surprise me if they used to fiddle with the pricing.
     
  9. couponcrazy5950

    couponcrazy5950 New Member Trader Group

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    Re: ~ Rewards credit cards - your opinion?

    I have the Chase Freedom card & I am very happy with it. I have paid it off every month I've used it. I generally only use it for the bonus 5% off categories. I will also use this card to make online purchases that I may not want to use my bank card for. You can use your reward points for cash, products, or to put towards your balance. I cash out & put it in savings!

    I also use the Swagbucks card. I have used it very little since I've gotten it-it's more just a back up.
     
  10. Spanelli8706

    Spanelli8706 New Member Trader Group

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    Re: ~ Rewards credit cards - your opinion?

    We have a Discover card, a Citi Thank You card and a Chase Sapphire Preferred card. I have had a Capital One card in the past & DH had a Bank of America.
    My opinions:

    Capital One was my first credit card. Have to like them for giving an 18yr old w no credit history a chance. But even after proving myself a good consumer, they refused to ever raise my limit. I am not too familiar with the CC customer service now, but the brand is getting bigger as they recently bought out ING.

    Bank of America is on my black list. I hate them. Terrible customer service & communication.

    Citi is Dh's card that I am a joint user on. They gave him a high credit limit initially. Have been hit or miss with customer service. They refuse to talk to me 75% of the time because I am not the account holder (very unreliable as to when they will or won't talk to me... seems to depend on the representative's mood/what they ate that day/the weather/etc). But, we don't use this often at all. Would never be our primary card. Rewards are typical 1% on everything, I think & easy to redeem. They do not offer Balance Transfers often. I get like 1-2 a year. Our interest rate is 13.99%- was 15.99% until Prime rate went down in December & I called to request them lowering it- which they did. They tend to be stingy with the APRs tho. I am on their Community Panel (board of consumer advisors not related to my personal account) They are very interested in the public's opinion and new ideas of working with consumers. They just started a new thing where you can request a credit limit increase by filling out just a few questions online & get an immediate response, with no Credit Inquiry!!. I tried it and was super easy to use. I liked it!

    Discover is okay. Don't have stong feelings either way. I like the cashback rewards.1% on everything & 5% on alternating catergories. I have it linked to my Amazon account, so I can directly use my Cashback Bonus to pay for my orders. Customer service is pretty good. They have always worked well with my requests- raising credit limit, lowering interest rate. They offer Balance transfers often. Our interest rate is 11.99%- was just lowered from 13.24% when I called asking them to lower because of the Prime Rate decrease. It's my back up card.

    But my FAVORITE card is Chase Sapphire Preferred!! If you call the customer service number, it rings twice and a REAL, LIVE, ENGLISH SPEAKING person answers. No automated system. No enter this #, press 1, then 3, then 7, or personal data. No process to go through to talk to a representative. It's as if you are calling a friend's house. Very very nice. I don't know of any other card like this! They have always been a real delight to deal with. I've been with them since 2008. Gave me a generous credit limit. My initial interest rate was 10.24% and has remained there... even when everyone else was raising their rates because of the "economy". I can't think of a single negative thing to say about them. No harrassing promotional phone calls, no mailbox full of fliers & memos like I get from the others. The rewards are reliable 1% on everything, 5% alternating categories. You can redeem for cash back, statement credits, giftcards, vacation packages, actuals items. They recently added the Amazon direct account thing too, where you can link the two and use your points to pay for your Amazon purchase total. They offer balance transfers regularly- every quarter, maybe. This is my primary card. Customer service totally win this one for me.

    Oh and I don't pay annual fees for any card. Not a consideration for me. :)
     
  11. 3timesoccermom

    3timesoccermom The Original "Viral" Foodie

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    Re: ~ Rewards credit cards - your opinion?

    Oh wow thanks! YES! Customer service is extremely important to me. Usually by the time I get a person on the phone I am highly irritable and short of patience at all the hoops I've just jumped through so this sounds like a winner!!

     
  12. Spanelli8706

    Spanelli8706 New Member Trader Group

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    Re: ~ Rewards credit cards - your opinion?

    I just looked at the website in your OP. It says that the Chase Sapphire Preferred card has an annual fee. I KNOW I don't pay one. But be sure to ask! I want to say I initially had the Chase Freedom card for about 3 yrs and then they voluntarily & surprisingly ungraded me for my excellent credit. And in the first years, they had that typical automated system that all the others do... but they changed that over to the personal service a few years ago. Not sure if that's just a Sapphire thing or all Chase cards- I can't remember. But definitely make a list of questions to ask.

    I am sure I could get a slighlty better rewards rate somewhere else, but the customer service & low APR are my biggest priorities. Just depends on what is most worth it to you. Good luck.
     
  13. 3timesoccermom

    3timesoccermom The Original "Viral" Foodie

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    Re: ~ Rewards credit cards - your opinion?

    You were probably grandfathered in. I have a T-Mobile plan they no longer offer. Thanks for the info.


     
  14. pennywatcher

    pennywatcher Mod Of The Month Dec 2007 Trader Group

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    Re: ~ Rewards credit cards - your opinion?

    Ditto this for us. We had a credit card and some CDs with them. Never again.

    I don't generally remember customer service interactions unless they are really bad or surprisingly good. I can think of some specific positive experiences with customer service reps with Chase, AmEx, and Discover. Discover touts "100% US-based customer service, 24/7. So you can talk to a real person, right here, anytime you want." Chase offers the "Direct access to customer service specialists. When you call us, our phones are answered by people, not prompts." with the Sapphire Preferred, but not with the Sapphire or the Freedom cards.

    Your CSP sounds better than ours. :) We got the Chase Sapphire Preferred within the last six months and it does not have the 5% rotating categories and does have an annual fee. However, I can transfer the points earned on the Chase Freedom, which does have 5% categories, to the CSP for use.
     
  15. 3timesoccermom

    3timesoccermom The Original "Viral" Foodie

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    Re: ~ Rewards credit cards - your opinion?

    Thanks again [MENTION=3428]pennywatcher[/MENTION]. Such an appropriate screen name! :encourage19:
     
  16. rebate_queen

    rebate_queen Mod Of The Month Aug. 2011 A.K.A. Reese Trader Group

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    Re: ~ Rewards credit cards - your opinion?

    DH has the Citi Thank You card, which just changed names I think. I am a user on his. We don't use it much, but like it OK. Rewards aren't bad and are easy to use, but they don't have as many options for gift cards to choose as I'd like, which is what I usually cash out for. I mostly use a 5/3 rewards card right now, but have decided to quit using once I get enough points to cash out at the highest prepaid MasterCard. In fact, I need to check on that. Seems like you don't get as much bang for your buck there with the points, but there are more options. We may go back to using the Citi card.

    I also have a Kroger rewards card. Maybe I should start using that again.
     
  17. 3timesoccermom

    3timesoccermom The Original "Viral" Foodie

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    Re: ~ Rewards credit cards - your opinion?

    bumping for easy find later
     
  18. everprincess

    everprincess (\(\ Energizer Bunny - ( =':') She Keeps Going! Trader Group

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    Yep dad had a Bank Of America card and they charge a annual fee. I have no credit cards. I hate them because when I was young I got careless with them and decided after that to never get one again.
     
  19. Chevelle

    Chevelle Active Member Trader Group

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    Does anyone have an Amazon Chase Visa Card? I had a balance and would charge on it to get rewards. I would pay what I charged for the month off and then pay additional on the balance. I think they charge interest on what I spend in the month even though I pay it off. I paid it all off yesterday so I'll now for sure after my next bill. Anyone have an experience with this?
     
  20. joshmamabear

    joshmamabear Member Of The Month Nov. 2011 Trader Group

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    For those looking for a great no fuss everyday card, check Citi Doublecash card that gives 1% for purchases PLUS 1% for payments you make. I've paid all charges I make each month BEFORE statement cut date so I enjoy the full 2% monthly. This is my default card for DH since he can't remember all the category bonuses offered by other cards we have. He puts a note to himself on his phone which card to use that gives the highest reward but still can't remember so I gave him a default card to use and that is Citi DCB so we can get at least 2% for what he buys. I pay all our CC balance each month so I don't pay any fees/interest charge and redeem the rewards or save them for flights.
     

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