07-27-2022, 10:31 AM | #45 | |
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You get 1 "point" for every dollar you spend, and 1 "point" for every dollar you pay off. So essentially 2 "points" per dollar. Those points are "redeemable" for cash the same way it was before, but instead of just only getting cash back, they converted to a points system to try to trick people into redeeming for lesser amounts. Its a scam, stick to only redeeming for cash back. |
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07-27-2022, 03:13 PM | #46 |
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Yeah my wife has that 2% back citi card. It is a pretty good deal if you use it a lot and there is no annual fee. I also noticed how they changed it up by calling them Thank you points lol.
I have AMEX (blue card I think?), Amazon Visa, and Discover. No annual fees on any of them and I pay off the balance in full each month - so for my personal situation credit cards are definitely worth it over using cash. I get the most rewards/points from my Amazon card because I'm constantly buying stuff on there. The Discover card also get's me a good amount of cashback because I'm always mindful of the current 5% cashback offers. The AMEX definitely nets me the lowest in rewards/perks. But the one thing I will use AMEX for is if I'm making a transaction that I think might lead to a dispute. AMEX will always side with the cardholder, at least from my experience. |
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07-27-2022, 10:57 PM | #48 |
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I have an Amex Clear (Forget what it actually is called), Amex Gold & Chase Freedom Preferred. I use my Gold the most and I am like it. They keep trying to get me to upgrade to Platinum but IMO its not worth it. When I compared the perks, they were very similar with a few exceptions and those exceptions were not anything that I felt I was going to use. The $100 credit on flights is great, essentially free food and drinks. Amex has great customer service and perks...better than the other cards I have seen. I'm happy with em
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07-28-2022, 12:13 AM | #49 |
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AMEX for 20 years, switched to the apple card about 8mo ago. Get 1-3% cash in my apple wallet and an extra 1% if I use Apple Pay at POS. Amazon card for Amazon purchases and Hilton Honors card (Amex) for hotel stays. I charge around $130k per year and have never been able to justify the platinum card. I had the gold a couple years when it was free then $200 annual for the second. Then it went up and I dropped it.
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07-29-2022, 06:23 PM | #50 | |
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07-30-2022, 08:03 AM | #51 |
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Since 2008 i have had an AMEX Optima Platinum card. Not sure where this card ranks but probably at the bottom in terms of status. But no annual fee.
I use it for most of my credit card purchases only falling back to a Visa card if the business doesn't accept AMEX. Every once in a while I use the rewards points to pay for some charges. I don't know what the pay back is. Seem to recall I got the card just in time for a business trip to Switzerland, Netherlands, and England. Used the heck out of it. 'course my employer reimbursed me once I got back to the office and submitted an expense claim. But the card worked very well. Made heavy use of the card on road trips between CA and points east. Gasoline. Hotels. Food. No problems. AMEX had no problem with my using the card in some cases in 3 different states as I made my way east or west in my car. Some years ago I had some fraudulent charges show up on the statement. The card was used for purchases and getting cash back (how that works I don't know as I have never used a credit card as a cash back card) at some businesses in the CA central valley when I was hundreds of miles from there. Of course I called AMEX customer service and to my relief the spurious charges were removed with just a phone call. Had something similar happen with my Wells Fargo VISA card. Had to fill out paper work/forms and jump through other hoops and finally the VISA card fraudulent charges were removed. I'm really happy with the AMEX card. I dropped the WF VISA card -- well I have it but never use it and won't activate the card when I get a new one -- and have a Capital One VISA card to use when the AMEX card is not accepted. Capital One is ok but I really don't use it that much. But no problems with it. |
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07-30-2022, 08:27 AM | #52 |
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Amex Platinum Skymiles has been pretty good for my household but I live in Atlanta which is the main hub for Delta Airlines. We use it for everything possible.
I think we've had a companion ticket every year.
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07-30-2022, 03:22 PM | #53 | |
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07-30-2022, 09:34 PM | #54 | |
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08-01-2022, 06:47 AM | #56 |
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I have a Corporate AMX. I pay the $95 Fee to get the points instead of it going to the company. I use it for all company travel and any major purchase I make through the year. I get about $500 worth of gift cards out of it every year. My company forces us to use it for business expenses. I told them 13 years back when I started here that I would be using it just like I would my preferred card to travel on and get the points for myself.
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08-02-2022, 05:27 PM | #57 | |
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It's actually a really good card, from what I can see. No foreign transaction fees, no annual fee. But you need like 750+ credit score at least to qualify. However, you do have to have an account with them, I think. https://www.alliantcreditunion.org/b...r=credit-cards |
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08-05-2022, 03:20 PM | #58 | |
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It is not hard to put together a spreadsheet of benefits and see what is worth it for each individual. I spend less than $50k a year and the Chase Sapphire Reserve is a clear winner when compared to normal 2% CB cards.
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08-05-2022, 06:20 PM | #59 |
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If you guys aren't on the myfico forums and gaming your credit and spending limits as much as possible you're limiting yourself.f
Imagine if you will that there are a group of people who are nothing but enthusiasts about abusing the credit system as much as possible and eeking out every single reward, the highest spending limits and terms. Go learn from them and discover how to use credit to your advantage and then do the same thing with entities and LLCs.
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Oy vey, look at all these shekels
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08-05-2022, 08:08 PM | #60 | |
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Thanks for the suggestion - that's a good idea! |
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08-05-2022, 11:19 PM | #61 | |
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Traveling plus it's been so hot I haven't been taking it out as much. My neighborhood got flooded out pretty good so the roads are covered in rocks/dirt so another reason not to take it out.
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Oy vey, look at all these shekels
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