Best Credit Card?

[Speaks]

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.

If you pay off balance in full every month you get the cash back and dont pay any interest.

Aside from my personal spending I put all my business travel expenses on a personal card and get reimbursed so I make sure I get the points / chash back. Its something like $100k a year in expenses so whatever rewards I get are more or less free money. I also have so many airline miles banked that my wife and I could fund 3 pairs of round trip tickets to Europe first class.

 

[SWFLhntr]

Love the Delta Platinum Amex. Gives me a reason to go travel and hunt. I get 2 bags free, guns travel free, companion ticket pays for the fee basically. Makes me not have the urge to fly Spirit
Also have the Costco Citibank. Get $1,000/year back for doing nothing.

Used CC’s to rotate through ~$18k in CC debt after the 2008 financial crash. Would do balance transfers for a couple percent and then got a couple years with no interest on that balance. Saved a fortune and wife and I ended up woth 850 credit scores 6 years later lol.

 

[sreyemj]

never had any issues with my citi double cash. effectively 2% cash back. i pay all my bills with it and pay it off each friday, just to rack up the rewards cash.

Same.

 

[Roosterstraw]

The US smartly visa is 4% if you have 100k in their savings account.


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Do you get interest on the 100k? If not that’s a terrible deal. You could put the 100k in a money market account or HYSA and make 4.2%. Then get a CC that gives you 2% cash back.

 

[dirtytough]

The US smartly visa is 4% if you have 100k in their savings account.


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It doesn’t have to be in their savings account. You get it if you have $100k in their brokerage account also.

Do you get interest on the 100k? If not that’s a terrible deal. You could put the 100k in a money market account or HYSA and make 4.2%. Then get a CC that gives you 2% cash back.

See above.