Art_Vandalay Posted November 1, 2019 Share Posted November 1, 2019 I'm in that life stage where I'm starting to be extra frugal and looking any way to save money. Anyone have a favorite credit card that they use for sweet rewards? My fav: Chase Southwest credit card - They have a deal where if you accumulate 110,000 points (they're upping it to 125,000 in 2020... lame) you're granted a companion pass. This basically means you're allowed to choose one other person that can fly with you for free. They offer five different cards (two apply to business owners only). What I did a couple years ago was apply for two (Plus and Premier), spent the required $1000 in the first 3 months on each card so I could get the 40,000 reward points for each which allowed me to reach 110,000 points rather easily. When you achieve the Companion pass, it's good for the rest of the calendar year along with the following year (Hint: time it so you get it early in the calendar year). My wife and I haven't paid for a [Southwest] flight in two years. I just cancelled mine and now she's going to apply for it so we can do it all over again. And obviously this should go without saying, but this only has value if you're able to pay off the credit card right away. Anyone have a personal favorite credit card like this? Quote Link to comment Share on other sites More sharing options...
flyers0909 Posted November 1, 2019 Share Posted November 1, 2019 Right now I'm using the below: Chase Freedom Unlimited: 1.5% on everything Barclay's Uber: 4% on restaurants, 3% on travel AMEX Blue Cash Preferred: 6% groceries, 3% gas Amazon Prime: 5% on Amazon purchases Quote Link to comment Share on other sites More sharing options...
skywindO2 Posted November 2, 2019 Share Posted November 2, 2019 None! /daveramsey But for real, I just use my bank credit card and collect the crappy reward points. I really should look into one with more beneficial rewards, I've heard the Costco one is good? Quote Link to comment Share on other sites More sharing options...
Heimdallr Posted November 2, 2019 Share Posted November 2, 2019 21 hours ago, flyers0909 said: Barclay's Uber: 4% on restaurants, 3% on travel Good tip, I really need to look into that just for my business travel. Quote Link to comment Share on other sites More sharing options...
Heimdallr Posted November 2, 2019 Share Posted November 2, 2019 My everyday card is Wells Fargo Propel AMEX. 1% on everything, with 3x on restaurants, flights, hotels, gas, rideshares and streaming services. Quote Link to comment Share on other sites More sharing options...
flyers0909 Posted November 2, 2019 Share Posted November 2, 2019 1 hour ago, Heimdallr said: Good tip, I really need to look into that just for my business travel. I just got an email yesterday they're lowering the restaurants to 3% which sucks. Uber purchases are 5% if you use it a lot. Quote Link to comment Share on other sites More sharing options...
Art_Vandalay Posted November 2, 2019 Author Share Posted November 2, 2019 4 hours ago, skywindO2 said: None! /daveramsey But for real, I just use my bank credit card and collect the crappy reward points. I get what Ramsey is talking about but as long as you're disciplined with them (pay it off and don't buy material things with points in mind), you'd be crazy not to get one. I'm paying $1600 per month for daycare. If I'm only using a credit card for that, that's still a ton of points/free money Quote Link to comment Share on other sites More sharing options...
Neumatic Posted November 2, 2019 Share Posted November 2, 2019 (edited) 2 hours ago, Art_Vandalay said: I get what Ramsey is talking about but as long as you're disciplined with them (pay it off and don't buy material things with points in mind), you'd be crazy not to get one. I'm paying $1600 per month for daycare. If I'm only using a credit card for that, that's still a ton of points/free money Yup, I’m a truck driver and use my credit card to purchase my fuel. I spend $30k+ in fuel a year so mind as well take advantage of some cash back points. I forget what my perks are on my credit card though, could probably find one with better rewards for fuel. I don’t think Dave Ramsey’s target audience is financially discipline people either. Edited November 2, 2019 by Neumatic Quote Link to comment Share on other sites More sharing options...
incognito_man Posted November 3, 2019 Share Posted November 3, 2019 I use Chase Sapphire Reserve (just hit the sign-up bonus), otherwise my Fidelity 2% cash back on everything for day-to-day. Quote Link to comment Share on other sites More sharing options...
MacReady Posted November 3, 2019 Share Posted November 3, 2019 Probably not the best, but I like my Stash card because it gives me stock back. Very small percentage, but still. If I ever find one that gives a higher percentage I’ll switch to that. Quote Link to comment Share on other sites More sharing options...
kingseanjohn Posted November 3, 2019 Share Posted November 3, 2019 I currently just use my Marriott Card. I travel a lot for work so I have a ton of points right now. One of these days (Fall 20 or Summer 21) I plan on taking a nice long personal vacation with the ridiculous amount of points that I have. But I have looked at getting something different. If you haven't checked it out, I suggest looking at the Reddit sub r/churning. Quote Link to comment Share on other sites More sharing options...
ramssuperbowl99 Posted November 3, 2019 Share Posted November 3, 2019 On 11/1/2019 at 2:25 PM, Art_Vandalay said: I'm in that life stage where I'm starting to be extra frugal and looking any way to save money. Anyone have a favorite credit card that they use for sweet rewards? My fav: Chase Southwest credit card - They have a deal where if you accumulate 110,000 points (they're upping it to 125,000 in 2020... lame) you're granted a companion pass. This basically means you're allowed to choose one other person that can fly with you for free. They offer five different cards (two apply to business owners only). What I did a couple years ago was apply for two (Plus and Premier), spent the required $1000 in the first 3 months on each card so I could get the 40,000 reward points for each which allowed me to reach 110,000 points rather easily. When you achieve the Companion pass, it's good for the rest of the calendar year along with the following year (Hint: time it so you get it early in the calendar year). My wife and I haven't paid for a [Southwest] flight in two years. I just cancelled mine and now she's going to apply for it so we can do it all over again. And obviously this should go without saying, but this only has value if you're able to pay off the credit card right away. Anyone have a personal favorite credit card like this? The subreddit /r/churning has in depth guides on how to maximize reward points by taking advantage of sign up and minimum spend offers. 1 Quote Link to comment Share on other sites More sharing options...
kingseanjohn Posted November 4, 2019 Share Posted November 4, 2019 11 hours ago, ramssuperbowl99 said: The subreddit /r/churning has in depth guides on how to maximize reward points by taking advantage of sign up and minimum spend offers. Stole my idea and the like. I'm on to you. Quote Link to comment Share on other sites More sharing options...
ramssuperbowl99 Posted November 4, 2019 Share Posted November 4, 2019 8 minutes ago, kingseanjohn said: Stole my idea and the like. I'm on to you. I tried it briefly but didn't stick. I just use the Fidelity card now. It's easy, I have all of my investment accounts with them, and I'm lazy. 1 Quote Link to comment Share on other sites More sharing options...
titansNvolsR#1 Posted November 4, 2019 Share Posted November 4, 2019 We use Chase Sapphire Reserve since we travel so much and the Alaska Airlines CC since wife is from Seattle so we fly out of there often in the summers. 1 Quote Link to comment Share on other sites More sharing options...
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