Do you have a favorite reward type credit card?

apc
apc Posts: 779
edited November 2010 in The Clubhouse
Polling even my audio friends about this. Please share your likes/dislikes regarding rewards cards.
Husband, Father, Son, Brother, Friend.
Post edited by apc on
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  • kevhed72
    kevhed72 Posts: 5,046
    edited November 2010
    The card that gives cash back for using it, then pay it off every month (you will be referred to as a "dead-beat" by the CC company due they don't kmake any interest off you). Any other type of rewards program just leads to more spending IMO.
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  • TroyD
    TroyD Posts: 13,077
    edited November 2010
    The biggest reward is when you don't carry a balance.

    BDT
    I plan for the future. - F1Nut
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  • apc
    apc Posts: 779
    edited November 2010
    We never carry a balance, but would like to receive a reward based on the $ we spend if there is such an animal.
    Husband, Father, Son, Brother, Friend.
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  • Fireman32
    Fireman32 Posts: 4,845
    edited November 2010
    Pay cash for everthing!
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  • steveinaz
    steveinaz Posts: 19,538
    edited November 2010
    I'm happy with my Capitol One cash-back card. I don't carry a balance, so the interest rate isn't any concern. I don't fly hardly anymore, so I was only interested in cash reward cards.
    Source: Bluesound Node 2i - Preamp/DAC: Benchmark DAC2 DX - Amp: Parasound Halo A21 - Speakers: MartinLogan Motion 60XTi - Shop Rig: Yamaha A-S501 Integrated - Shop Spkrs: Elac Debut 2.0 B5.2
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  • madmax
    madmax Posts: 12,434
    edited November 2010
    Discover is my favorite followed by amex blue card. I make a few hundred a year on discover and ALWAYS pay it off completely. That is the key.
    Vinyl, the final frontier...

    Avantgarde horns, 300b tubes, thats the kinda crap I want... :D
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  • Demiurge
    Demiurge Posts: 10,874
    edited November 2010
    AMEX Blue Cash.
    No Balance.
    Free Money Yearly.
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  • punk-roc
    punk-roc Posts: 1,150
    edited November 2010
    I like my airlines CC.. earning miles was more cost-effective overall for me since I fly several times a year to do various things.

    If you aren't a flyer, I agree with Steve and like the capitalone cards
    2-Channel - So far...
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  • mhardy6647
    mhardy6647 Posts: 33,736
    edited November 2010
    Discover. They pay me money for using the card. Hard to beat that.
    ...as madmax said above, use it to manage cash flow rather than as a credit card per se; i.e., don't run a balance.
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  • AsSiMiLaTeD
    AsSiMiLaTeD Posts: 11,726
    edited November 2010
    I'm an American Airlines/Citi guy myself. I have tons of miles, hopefully I'll get to use them before AA goes out of business...
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  • thuffman03
    thuffman03 Posts: 1,325
    edited November 2010
    Chase BP Visa

    5% cash back on gas
    2% cash back on Food, Travel and lodging
    1% cash back on everything else

    Intrest rate is not that good, 19% but if you pay off every month that does not matter.
    Sunfire TGP, Sunfire Cinema Grand, Sunfire 300~2 (2), Sunfire True Sub (2),Carver ALS Platinum, Carver AL III, TFM-55, C-19, C-9, TX-8, SDA-490t, SDA-390t
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  • apc
    apc Posts: 779
    edited November 2010
    thuffman03 wrote: »
    Chase BP Visa

    5% cash back on gas
    2% cash back on Food, Travel and lodging
    1% cash back on everything else

    Intrest rate is not that good, 19% but if you pay off every month that does not matter.

    Is the 5% on BP gas only?
    Husband, Father, Son, Brother, Friend.
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  • mudwrx
    mudwrx Posts: 367
    edited November 2010
    I have one that gives me Subaru Bucks (I obviously own a Subaru). They give you $100 at a time and can be used for a new purchase or service. I have already received well over $1000 and have not "paid" for service on my car in a while.

    I also love to read so I have another from Barnes & Noble. They give me a $25 gift card whenever I reach x amount.

    I also never carry a balance.
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  • thuffman03
    thuffman03 Posts: 1,325
    edited November 2010
    apc wrote: »
    Is the 5% on BP gas only?

    Yes, for BP gas only. You get no rewards if you use the card at another gas station. They did have a card that would give you 3% on any gas company but I don't see that one right now.
    Sunfire TGP, Sunfire Cinema Grand, Sunfire 300~2 (2), Sunfire True Sub (2),Carver ALS Platinum, Carver AL III, TFM-55, C-19, C-9, TX-8, SDA-490t, SDA-390t
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  • txcoastal1
    txcoastal1 Posts: 13,262
    edited November 2010
    My Visa bank card that we use for the company and I cash in on $2000 visa rewards gift cards and hand them outto the employees every year at Xmas
    2-channel: Modwright KWI-200 Integrated, Dynaudio C1-II Signatures
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    erat interfectorem cesar et **** dictatorem dicere a
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  • PhantomOG
    PhantomOG Posts: 2,409
    edited November 2010
    Penfed Platinum - 5% cash back for gas purchases (any brand). Best part: its cash credited automatically at the close of every statement. This card is available today for any members of Pentagon FCU. Even non-military can join by joining some military family association thing for a very small one time fee.

    Chase Rewards Plus - 5% cash back for gas (any brand), groceries, and drug store purchases. Have to save up for $100 increments, mailed checks. Not as easy as Penfed, but cash nonetheless. Card is no longer available for new customers and will mostly likely be phased out soon even for me. Keeping my fingers crossed as long as possible.

    Citi Forward - Points based. 3x points for every dollar spent at restaurants, movie theaters, and best of all.... Amazon.com. However Citi points basically suck. Best redeemable point conversions are 10k for $100 gift cards (Macy's, Dillards, Sears, etc). Card is still available to new customers I believe.

    Of course, never carry a balance so who cares what the interest rates are. I easily surpass $1k a year in rewards.
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  • mdaudioguy
    mdaudioguy Posts: 5,165
    edited November 2010
    Fireman32 wrote: »
    Pay cash for everthing!

    I'll receive over $500 cashback bonus from Discover this year. While a few places might give a discount for cash, I doubt I'd have saved that much. And, I can often redeem the cashback bonus amount for about 25% more. I pay my balance in full each month.
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  • AudioGenics
    AudioGenics Posts: 2,567
    edited November 2010
    don't like credit card
    can get in deep trouble if someone get to buying too much.

    like playing poker with plastic chips
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  • [Deleted User]
    [Deleted User] Posts: 1,225
    edited November 2010
    I have the Bank of America, 1% back on everything. No limits. Oh yes and I pay it off every month. :cool:
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  • muncybob
    muncybob Posts: 3,035
    edited November 2010
    I have used Am Ex Starwoods and the Sheraton hotel reward card to get free hotel rooms. There is an annual fee but we normally cancel the card before the 12 months is up and wind up with 2 or 3 nights free. Also have used airline cards to get cash applied toward flight tickets...same thing with the annual fee though so unless you were to travel a lot it doesn't make sense to us to pay the annual fee.
    A few years ago we used one of each(hotel & airline) card and we basically flew round trip to Seattle with 2 nights in hotels for about $100 total cost out of our pockets. Of course we NEVER carry a balance on any card.
    My wife was worried about doing this subscribe/cancel thing affecting our credit score but I've been doing this for a few years now and really has not had much affect. However, this is not something you would want to consider if you were looking at a major purchase(house, etc) in the near future....lenders get a little nervous seeing this acitivity.
    Yep, my name really is Bob.
    Parasound HCA1500A(indoor sound) and HCA1000(outdoor sound), Dynaco PAS4, Denon DP1200 w/Shure V15 Type V and Jico SAS stylus, Marantz UD7007, Polk L600, Rythmik L12 sub.
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  • madmax
    madmax Posts: 12,434
    edited November 2010
    jvc wrote: »
    don't like credit card
    can get in deep trouble if someone get to buying too much.

    like playing poker with plastic chips

    These cards give cashback because they know the mentality of the majority of credit users will lead them into debt. Just don't have that mentality. :biggrin:

    Good point though, using plastic doesn't "hurt" like using cash. I've bought audio gear using plastic but have also paid cash (I have the cash for it either way). $4K paypal for a preamp, no problem, no second thoughts. Going to get $4K from the bank for money orders, well, it hurt like hell and I had to do some soul searching. :wink:
    madmax
    Vinyl, the final frontier...

    Avantgarde horns, 300b tubes, thats the kinda crap I want... :D
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  • AudioGenics
    AudioGenics Posts: 2,567
    edited November 2010
    American Express
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  • nooshinjohn
    nooshinjohn Posts: 25,384
    edited November 2010
    The Kardashian Card works well for me. No word yet if she will sleep with me for a million points:rolleyes::tongue:...
    The Gear... Carver "Statement" Mono-blocks, Mcintosh C2300 Arcam AVR20, Oppo UDP-203 4K Blu-ray player, Sony XBR70x850B 4k, Polk Audio Legend L800 with height modules, L400 Center Channel Polk audio AB800 "in-wall" surrounds. Marantz MM7025 stereo amp. Simaudio Moon 680d DSD

    “When once a Republic is corrupted, there is no possibility of remedying any of the growing evils but by removing the corruption and restoring its lost principles; every other correction is either useless or a new evil.”— Thomas Jefferson
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  • Willow
    Willow Posts: 10,999
    edited November 2010
    I only have one CC now. It's used for big purchases or emergency only. Everything else is cash. My fav rewards card is a paper card the barista punches everytime I go in. after 6 drinks I get one free.
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  • muncybob
    muncybob Posts: 3,035
    edited November 2010
    Just came across this one...it's a Discover that gives you decent cash back rewards, 6 mo no interest intro offer and if you spend $500 within the first 3 months(ez right?) you get $100.
    http://www.askmrcreditcard.com/discoverplatinumcard.html
    No affiliation but sure looks like a good deal if you are in the market for a card and pay off your balances monthly!
    Yep, my name really is Bob.
    Parasound HCA1500A(indoor sound) and HCA1000(outdoor sound), Dynaco PAS4, Denon DP1200 w/Shure V15 Type V and Jico SAS stylus, Marantz UD7007, Polk L600, Rythmik L12 sub.
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  • apc
    apc Posts: 779
    edited November 2010
    Cool, thanks. I knew about the Amex, but not the MC. As MC is accepted more places, it may be a better alternative. I like the idea of building my Fidelity accounts ;).

    anonymouse wrote: »
    Fidelity Investments offers an American Express card which consistently pays 2% cash back on all purchases, and a Mastercard, which offers 1.5% till $15K in annual spending, and 2% thereafter. No games, no categories to spend in - its just flat rates that go back every month into your investment account. I believe Schwab has something similar. I much prefer these to the ones where the categories keep changing. Its a credit card to me, not an arcade game.
    Husband, Father, Son, Brother, Friend.
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  • hockeyboy
    hockeyboy Posts: 1,428
    edited November 2010
    I use my American Express for everything. All purchases big and small which I pay off every month without fail. When I buy tickets for a show or sporting event on Ticketmaster I usually use the points for the purchase. It's easy they just ask if you want to use your points, I click yes and the tickets are free.
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  • acmf74
    acmf74 Posts: 936
    edited November 2010
    Hess Visa and Shell M/C.

    5% back on gas and 1% back on everything else.
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