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Subject:
Credit Cards Rewards
Category: Business and Money Asked by: jbauer-ga List Price: $9.50 |
Posted:
06 Jul 2005 10:23 PDT
Expires: 05 Aug 2005 10:23 PDT Question ID: 540582 |
I want to know which credit cards gives the best rewards. When I say best rewards I mean which card gives you the most value back. I know some give 1% cash back etc., but which card gives you the most value back? (Meaning if a card gives me a $100 TV for less than $10,000 spent, thats better than 1%). I know that some cards give double/triple points on certain days, but that really shouldn't make a difference because how could I decide to spend money only on a certain day? The answer should be for a person who uses his credit card regularly (in supermarkets, superstores, online shopping, pay bills, etc.), and spends about $10,000 a year. |
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There is no answer at this time. |
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Subject:
Re: Credit Cards Rewards
From: jengod1-ga on 13 Jul 2005 17:00 PDT |
Not a Google researcher, but I've had the same question. What I've figured out for myself is that you generally want a card that gives 5% CASH back on "staples" (food, drugstores, gasoline, etc. or gasoline, office supplies, utilities, etc.) and 1% back on all other purchases. Most go up to $300 or $500 for the year, and pay out checks in $50 or $100 increments. I'm pretty sure the most famous good-rewards card is the Citibank Dividend Platinum Rewards Card: http://citi.bridgetrack.com/usc/dividend/generic/div/default.htm?BTData=C021278796A617F5954424CABB3A7ADAD92848B87FAF1E8FDF11CE89D4&BT_TRF=236280&sc=4T4Z50M5&m=3CSO000000W&B=M&app=UNSOL&langId=EN&siteId=CB&BT_TX=1&ProspectID=C51208D1AE0D4F318A78B34C98D3A91B I've seen it mentioned far and wide on forums like FatWallet. Another good one is the Advanta Platinum Business Card (don't think you have to be an Inc. or an LLC. to use) https://www.advanta.com/index.cfm?fuseaction=apply.card_features& A great resource for comparing and contrasting credit card offers is Credit Emporium. They offer a lot of detail and a lot of categories. http://www.creditemporium.com/g/index.php Keep in mind that the best rewards cards require a high FICO score (usually 680/700 or better), or your application will be converted into an application for whatever card the company wants to assign you and you will get lesser benefits. http://en.wikipedia.org/wiki/Credit_score Bankrate's credit card information page is here and might be able to offer you more info: http://www.bankrate.com/brm/rate/cc_home.asp Also, I highly recommend reading the following book. It's written by a lawyer who specializes in credit card litigation and is INCREDIBLY empowering: http://www.amazon.com/exec/obidos/tg/detail/-/080505314X/ref=ase_jengod05/ <i>What Every Credit Card User Needs to Know: How to Protect Yourself and Your Money</i>, by Howard Strong |
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