Best Credit Card?

[Svivian]

I just paid for all my Christmas purchases with my rewards points while never paying a cent to interest.

Seems like a no brainer to me….

 

[wyogoat]

I just paid for all my Christmas purchases with my rewards points while never paying a cent to interest.

Seems like a no brainer to me….

Agreed. I have literally never paid a penny of interest. But as stated above, you have to be disciplined about your spending.

 

[iamthenick]

Amazon has a 5% back card that's 1 to 2% everywhere else too.

We wear that thing out.

 

[Charlie Brown]

Man, I have to ask.
As someone that tries to never use credit cards. Why not pay yourself back?
I just feel like its a scam to use a CC for cash back or frequent miles whatever they are offering.
I will use the zero percent financing and pay it off in time.
Why not toss a hundred or two in some sort of high earning savings account?
Open an IRA?
Too many better options than making payments for "cashback".
Just my opinion here.

Have 2 credit cards. Cabela's for the points and one through my bank for the Cashback option. Don't use either all that often but they are paid off each month when used. I never use to purchase if I don't have the money to pay them off.

 

[Split toe]

I have a Fidelity 2% cash back card and at the end of the month it can be deposited directly into an investment account. It’s great.

I do the same. The cash back invested with compound interest adds up over time!

 

[maxx075]

I charge everything I can to the card that has the best cash back. I'm literally getting about $150 each month in cash back.

 

[tony]

I have to admit, I've followed my late fathers advise of paying in cash and dont spend more than you make. Which the later makes since to anyone.

I am going to look into this. Its just hard to shake the evil CC mentality. And I watch my dipshit friends rack up insane debit while I am working on my 2nd government pension.
I work with a 30 year old girl that seems proud to only have $20.00 to here name a week after pay. A while I am moving various money into investments I have.
I defiantly need to look into this cash back more.
Anybody use sportsman warehouse? I have one close and buy from them.
I have an REI MasterCard, Apple card, and a best buy card all with zero balance.

 

[HuntHarder]

Rewards are able to be offered by Cc companies because of the people who do not pay their card off each month.

As others have said, I literally get over a thousand dollars free each year, just for using my cards. Pay them off each month and you will never pay a cent of interest. My travel card has a 95$ yearly fee, but offers 100$ in baggage fees reimbursement, as well as free TSA precheck.

A disciplined individual will come out far ahead with the rewards of CC's. Someone who lacks self control or is terrible with money, will lose even more money with CC's.

BofA signature is the one I use the most

 

[CorbLand]

I have to admit, I've followed my late fathers advise of paying in cash and dont spend more than you make. Which the later makes since to anyone.

I am going to look into this. Its just hard to shake the evil CC mentality. And I watch my dipshit friends rack up insane debit while I am working on my 2nd government pension.
I work with a 30 year old girl that seems proud to only have $20.00 to here name a week after pay. A while I am moving various money into investments I have.
I defiantly need to look into this cash back more.
Anybody use sportsman warehouse? I have one close and buy from them.
I have an REI MasterCard, Apple card, and a best buy card all with zero balance.

It’s not that the advice was bad, it’s just the world has changed and it’s best if you find a way to change with it.

 

[Duh]

I have a Scheels card. I spend most of my slush fund money there anyways. Basically get store credit back.

 

[tony]

It’s not that the advice was bad, it’s just the world has changed and it’s best if you find a way to change with it.

I hear ya. Learn something daily at this place

 

[woods89]

First off, never, ever, ever pay interest in a credit card. They must be paid off every month!

That said, I play the game fairly hard. I currently have 5 Chase cards.

Personal
-Chase Sapphire Preferred
-Chase Freedom Flex
-Chase United Explorer

Business
-Chase Ink Unlimited
-Chase Amazon

I transfer earned points from the Freedom Flex and Ink Unlimited to my Sapphire Preferred, as then I can transfer them to various airline or hotel loyalty programs, and get better than 1-1 redemption value. The United Explorer card gets me some flying perks, and the Amazon card gets 5% back on all Amazon purchases.

 

[Kilbux]

I’ve had good luck with capitol one savor. As previously stated their fraud folks are fast and efficient. Rewards are on par with most other cards as well.

 

[EATELK]

Thanks all for the replies. I should've added, I'm not looking at APR rates at all since I religiously pay it off each month. Agreed with some of the posts that you can get into trouble if you don't stay on top of payments. I've been leery of opening and closing credits cards (had the same ones for 10yrs) due to concerns of it hurting credit scores, but should probably be more open to playing the game and collecting the sign up bonuses.

Still leaning towards a 2% cash back card for all purchases like the Wells Fargo Active Cash, but should probably scrutinize my spending more to see if a card that offers additional rewards for restaurants, etc would be beneficial.

 

[EATELK]

For the doubters, you are leaving hundreds if not thousands of free money on the table every year. The wife and I just churned a couple cards and got $1500 back in signup bonuses. Just to buy normal stuff we buy anyway.

Today I was told about a cash back card that does 3% on every day purchases and up to 5% at restaurants etc. I was told there is a $60 yearly fee. I’ll probably get one since there isn’t much out there that can beat that.

Would you mind sharing which card that is?

 

[Arkangel86]

I have been playing this game for over a decade, I have over 25 personal and 3 business cards, just gotta be disciplined.

Free vacations, flights, kuiu, waders, guns, cash back, you name it.

Another benefit I didnt see mentioned is most cards double your warranty on products you buy, used that a couple times already and got full price reimbursement.

 

[Tjdeerslayer37]

Thanks all for the replies. I should've added, I'm not looking at APR rates at all since I religiously pay it off each month. Agreed with some of the posts that you can get into trouble if you don't stay on top of payments. I've been leery of opening and closing credits cards (had the same ones for 10yrs) due to concerns of it hurting credit scores, but should probably be more open to playing the game and collecting the sign up bonuses.

Still leaning towards a 2% cash back card for all purchases like the Wells Fargo Active Cash, but should probably scrutinize my spending more to see if a card that offers additional rewards for restaurants, etc would be beneficial.

the score hit is so minor when getting a new card it really doesnt matter. and the benefit of having a higher available credit to credit used ratio is unmatched. this is also why you should request a credit limit increase every 6 months or whenever you are allowed on every card you have, so your credit usage ratio is lower and lower. really pumps your credit score!

 

[gearguywb]

I go after air miles more than anything. I charge between 2-2.5K weekly in business expenses so it really ads up.

 

[robtattoo]

I recently ditched my Alaska Airlines credit card and am looking into opening up a new credit card, mostly focused on cash back. I have a Cabelas card that I'll hold onto to take advantage of sales, but want to do better than earning 1% on purchases. With a couple of young kids, we aren't traveling much these days so mostly interested in cash back. I'm looking at the Wells Fargo Active Cash since it offers 2% cash back on all purchases. Most of our spending is on gas/groceries/restaurants but not heavily weighted in one direction. Any recommendations for what y'all use and like?

If there's a card out there that offers increased cash back for tag/license applications, that'd be a no brainer

Man, I have to ask.
As someone that tries to never use credit cards. Why not pay yourself back?
I just feel like its a scam to use a CC for cash back or frequent miles whatever they are offering.
I will use the zero percent financing and pay it off in time.
Why not toss a hundred or two in some sort of high earning savings account?
Open an IRA?
Too many better options than making payments for "cashback".
Just my opinion here.

Have you looked at Credit Karma? The credit score tracking folks?
Hands down THE best thing I've done, financially (outside of investments etc...) is sign up to their site.

I took my credit score from what they call a 'slim file' which is essentially zero credit, to the mid 600s in the space of 8 months & up to 805 within 3 years.

They list all the cards that are commonly available to you (excluding store cards) with easy to follow details regarding rewards, cash back, transfer rates etc & best of all, they'll tell you your approval odds so that your score won't take a hit. If you only apply for cards with 'excellent' or 'guaranteed' odds, your score takes no more than a 1 or 2 point hit on application & then jumps back by up 5 to 10 minimum within a month, depending on spending limit.

I was terrified of getting a credit card due to stupidity when I was a kid, but age & common sense finally kicked in & these days I check my bank balance before I use the card & pay it off immediately.
I mostly use a Chase Amazon card & I've had well over $2000 of literally free Amazon purchases in the last couple of years.

I'm about to apply for another Amazon visa, simply because I'll automatically get $200 credit on my Amazon account, plus 5% on all Amazon purchases & a minimum 2% on everything else.

 

[tony]

Have the app on my phone, they took over Mint.
I am in the mid 800s.