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Credit Cards - cellophane — LiveJournal
the story of an invisible girl
Credit Cards
I need a new credit card. I used to use a Worldperks Visa, but as NWA and Delta merged they've terminated my card. I can get a Delta card, or a "FlexPerks" card through my previous carrier... but since I need to switch cards anyway I thought I should reevaluate my options.

I like having a rewards card of some sort. My policy is to use it for all of my monthly purchases, then pay it in full every month. This was earning me 1k to 2k miles per month. Thus the interest rate isn't very important, but a none-to-small fee would be nice. What are the best rewards out there? I like earning miles, because I fly a lot -- but maybe there is something more valuable.

So of course I'll ask the internet.... What do you use?
read 18 comments | talk to me!
xtatic1 From: xtatic1 Date: July 1st, 2009 12:33 pm (UTC) (Link)
I've heard that there's a Discover card that give good mileage benefits, but I don't remember the details. You might give this site a look: http://www.credit-cards-resource.com/guide/how-choose/?path=ceg-gcbc-gls-101b1a

Or this one: http://www.creditcardguide.com/?ac=101&uv=ccg_gg_best_credit_cards_b_best_credit_card&gclid=CKqhlaHCtJsCFdFL5QodZUc4Nw

Edited at 2009-07-01 12:35 pm (UTC)
From: tlatoani Date: July 1st, 2009 12:39 pm (UTC) (Link)
At the moment, I have the FlexPerks Visa Signature and I took the deal for a Delta Gold Amex even though I already have a straight Platinum Amex (I couldn't resist the miles). I'm not sure what I'm going to do for a Visa now. The FlexPerks one can be a decent deal if you spend enough, but what I wanted out of the card wasn't so much redeemable miles as EQM, and FlexPerks won't give me that.

I've read that Schwab has a 2% cash-back Visa Signature, which is a pretty good deal (again it doesn't give EQM though).
tammylc From: tammylc Date: July 1st, 2009 01:36 pm (UTC) (Link)
You don't get EQM from any airmiles card so far as I know. Pity...
From: tlatoani Date: July 1st, 2009 02:06 pm (UTC) (Link)
Sure they do. I'm getting 10,000 EQM from the Worldperks Visa, and the Platinum and Reserve versions of the Delta Skymiles Amex also give EQM (MQM technically). I'll be upgrading to one of those once I get my miles for the Gold special offer.

They don't give them one for one like with redeemable miles, they give them for hitting certain spending levels during the year.
From: tlatoani Date: July 1st, 2009 02:08 pm (UTC) (Link)
(Worldperks Visas only did that at the Signature level btw, so if you had a Platinum, no, it wouldn't have.)
tammylc From: tammylc Date: July 1st, 2009 02:14 pm (UTC) (Link)
Really? Interesting. I shall have to investigate. Do you have a link handy? I'm on target to hit silver elite by the end of this month, but on segments, not miles.

tammylc From: tammylc Date: July 1st, 2009 02:21 pm (UTC) (Link)
Found it. Interesting. Thanks.
From: tlatoani Date: July 1st, 2009 03:11 pm (UTC) (Link)
BTW, you don't get the EQM especially fast. Right now, I've earned enough EQM to be Gold Elite, but the 10000 from the Visa haven't posted yet and aren't expected to post until August. (By then, I'll be Gold anyway and well on my way to Plat I expect.)
tammylc From: tammylc Date: July 1st, 2009 01:35 pm (UTC) (Link)
I was a Worldperks card holder too. I switched over to the Delta Amex, and kept the FlexPerks as well for now. The problem with the Delta card is that Amex isn't accepted as widely as Visa, so you might not be able to use it for all your purchases in the same way - there are a bunch of places I used to use my card to earn miles (paying it off monthly) that I can't use my Amex.

I haven't used another rewards card, so can't comment on the bigger question.
kevinnickerson From: kevinnickerson Date: July 1st, 2009 02:15 pm (UTC) (Link)
We both have Capital One Visa.

Their build a card thing is astonishing. Want a low interest rate? You must take a $0 fee card, but a higher interest rate qualifies you to pay a $39/year fee. I don't understand the logic at all.

I always have fits trying to find the multiplier info for miles (points) to tickets. I don't think it's changed in years, I just can't ever remember it. (dig, dig) It's 80. Ticket price * 80 = points required. Any airline, any flight, any time. Just call them to book the ticket. I think you can buy one yourself and get money back too.

Personally, I work out exactly what I want using the various airline and travel sites, and then call them with my exact flight info.
geekjul From: geekjul Date: July 1st, 2009 02:17 pm (UTC) (Link)
I have a citibank diamond preferred black card, I'm sure that isn't the proper name of it. I selected it because I don't use a credit card hardly at all, but when I need it, I NEED it, so I picked one with a high limit and a low interest rate. No perks, but I wouldn't earn them with my typical $0 balance anyways. So I guess I am no help to you at all!
hannunvaakuna From: hannunvaakuna Date: July 1st, 2009 02:24 pm (UTC) (Link)
my credit union (http://www.elgacu.com/) uses the Score Card Rewards program with their Visa. there are rewards for travel and other goodies - i get a brochure in the mail each month, and you can browse the catalog with the link on the bottom of that page. As someone who doesn't use their Visa all that much and deliberately has a low limit, I've still earned quite a few points in the almost-year I've been a member. Every CU is different, but if you carry a balance, it's at 9.9%, with no annual fee.
netmouse From: netmouse Date: July 1st, 2009 02:30 pm (UTC) (Link)
I have a citibank Dividend mastercard. I also have a discover card, but have discovered that I hate discover with an unruly incoherent passion. That's probably related to getting email from them two weeks before my bill is due reminding me that my bill is due. plus having to sign up for rewards programs on a quarterly basis in order to get advertized dividends, and in the meantime the citi mastercard just quietly and steadily gives me cash back.

Which is really nice.
elizilla From: elizilla Date: July 1st, 2009 03:16 pm (UTC) (Link)

Another credit union card here

I have a credit union card as well. Sounds just like hannunvaakuna's. I charge almost everything. I go to my credit unions's banking site every two weeks when I get paid, and pay it in full. I had been ignoring the rewards points thing, assuming it would be junk like magazine subscriptions or certificates for a free cruise with the purchase of overpriced plane tickets. But one day I was clearing paperwork from my desk and I decided to go to the URL and see what was out there. I discovered that it was actually useful stuff and I had enough reward points to get a major appliance like a stove or a washing machine! I still haven't done it, because I don't need a stove or a washing machine right now. They also offer plane tickets and hotel stays, but that would require more planning and organization than I have. The reward points continue to pile up.

Anyway I will be interested to see what you choose. Maybe I will follow your lead, since it appears that reward cards actually do offer enough rewards to be worth shopping for. It's not just free magazines or silly coupons.
marsgov From: marsgov Date: July 1st, 2009 02:51 pm (UTC) (Link)
I use an Elan Visa card that has a mileage program. The cost of the program is $39 or so per year; the miles can be used to purchase tickets on any airline.

I am not certain that this deal really makes sense as opposed to a cash-back program.
From: tlatoani Date: July 1st, 2009 04:16 pm (UTC) (Link)
One general comment: rewards cards usually have higher interest and/or fees than non-reward cards, so they only make financial sense if you pay off your balance every month. If you don't, you're probably better off getting a non- rewards card with a really low interest rate.
pi3832 From: pi3832 Date: July 1st, 2009 05:13 pm (UTC) (Link)
I use a Citi/Shell card that gets me a 5% rebate on all gas purchases at Shell stations.
muteid10t From: muteid10t Date: July 1st, 2009 11:55 pm (UTC) (Link)
For just air mile rewards go with the Blue Sky from American Express.
For general rewards go with the standard Blue from Amex.

Both offer No Annual Fee. The Blue Sky card lets you pick which airline points program to give your points to. I like my Blue AmEx and carry no other credit card.

AmEx's customer support is hands down one of the best I have dealt with. There Fraud Protection proection program is great. And the other perks that come with AmEx cards are some of the best.
read 18 comments | talk to me!