giant basshole

Rewards credit card

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I have and use regular cards, but been going less cash with purchases and many now require c card like online purchases. Is it worth it to get a rewards card? Will be traveling more in the future, kids will both be off to college next year. So would be good for hotels and flying. What do you guys recommend? What should I stay away from? 
 I wouldn’t want anything with an annual fee, and always pay the balance ever month . 

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If you and your kids put enough money through your cards, business expenses too. It is worth it to pay the annual fee to get a top tier cards like amex plat/ gold, Chase sapphire... for the additional benefits that comes with the card. You'll get back what you paid for annual fee, many time over from perks, benefits and cashbacks.  Yes, always pay in full every time. 

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I don't travel much at all but I run everything I can through a business rewards card I have from Bank of America.  My effective cash back is 2.63%.  I pay it in full every month.  Some months I put a lot through it, enough to buy a lot of fishing stuff.  The base rate is 1.5% and I get an extra 75 basis points for hitting cash deposit levels.

 

Most of my buddies run Amex platinum or similar.  I never understood the points system since I'm not staying in hotels or airline upgrades.  I'd rather just have the cash.

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27 mins ago, hobobob said:

If you and your kids put enough money through your cards, business expenses too. It is worth it to pay the annual fee to get a top tier cards like amex plat/ gold, Chase sapphire... for the additional benefits that comes with the card. You'll get back what you paid for annual fee, many time over from perks, benefits and cashbacks.  Yes, always pay in full every time. 

Thanks , may be worth averaging , then calculating the benefits.

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Go read up the benefit page, deduct what your family are using and will be using from the Total annual fee and start from there.  So if fee is $700 and you already using about $600 of their benefit credits. The actual cost is $100 before everything else. 

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53 mins ago, hobobob said:

 Yes, always pay in full every time. 

They like when you pay interest. 

Increases your credit score. Just stay under at least 30%

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Amex plat is great, especially if you fly alot 

 

I’ve heard great things about chase sapphire preferred, but I have little experience with chase

 

A personal amex centurion is always a flex if you can get invited for one

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10 mins ago, the3fishheads said:

They like when you pay interest. 

Increases your credit score.

Not even remotely true on this part. 

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All helpful guys thanks for taking time to post. With all this tuff linked to the card, ezpass, streaming subscribers, etc . Having a card is a necessity, so I may as well get something.

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I have been a USAA member for 30 years and was never a cc guy, but when I started seeing reward points add up ($400) at end of year, I worked it to my advantage.

All major purchases on cc

If no discount for cash, use cc

Pay balance full every month

Take family out to dinner Christmas Eve and use reward points to pay,,,, 

I am sure there are better cards, but get onboard w/ this

 

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52 mins ago, hobobob said:

Not even remotely true on this part. 

Paying back interest increases your credit score.

Like the Mafia.

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Citibank Premier Card is the best bonus out right now for credit cards if you can meet the 4k minimum spend in the first 3 months. The bonus is 80,000 points which is roughly $600 worth on Amazon or other gift cards

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For travel, my gf has a chase venture card and I recommend it. She was able to pay for her flights to Tanzania entirely with flyer miles racked up from purchases on the card.  And the card offered to pay half of her hotel in Copenhagen a month ago.

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Ive been using Alaska Airlines Visa Card. $75 annual fee, 0% if paid in full. Built up enough miles to fly the wife to Anchorage for $20 In taxes. Also its a good airline with nice accommodations and a one time annual companion fee for $90 in the same class you travel. 

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