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Best Credit Card to Get?

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  1. Respectme Respectme is offline

    United States

    Posts: 409
    Joined: Jan 07

    Oct 26th, 2011 (10/26/2011 4:15pm)

    Any opinions? I want one that I can get free miles with? Also, is it best to pay these off every month or leave a balance on them to accrue rewards? I have heard both theories.

    Thanks
  2. Glo4m Glo4m is offline Confess to me

    Posts: 14,911
    Joined: Dec 06

    Oct 26th, 2011 (10/26/2011 4:46pm) in reply to Respectme

  3. cream420 cream420 is offline

    Dover, NH
    United States

    Posts: 568
    Joined: Apr 10

    Oct 26th, 2011 (10/26/2011 4:51pm) in reply to Glo4m

    bankrate . com
     
  4. jusinony04 jusinony04 is offline

    Posts: 173
    Joined: Mar 08

    Oct 26th, 2011 (10/26/2011 4:54pm) in reply to cream420

    i used to work for Chase as a personal banker so I feel i can lead you in the right direction.

    1) Leaving a balance does not earn more rewards. Just whatever u actually charge is then credited to your rewards balance. Obv paying the card eliminates the amount of interest charged.

    2) For a miles card to be really worth it.. you better use the card for everything. Every expense you can and then just pay the card. Treat it as your debit card. Any type of rewards card is volume based. The more you use it, the more rewards you get.

    3) Most good miles cards have annual fees. That's up to you if you want to pay a fee.

    4) Depending on how many miles they give you for a purchase. Mostly all Miles card need 25,000 miles for a free flight. So if you get 1 mile for 1 dollar in purchases... you gotta spend quite a bit.

    I would recommend a simple free cash back card. No need to worry about spending an annual fee unless the perks are ridiculous and u plan on spending a lot of cash.

    The best Credit Card I've seen out there that is free is the Bank of America Cash Back Card. 1% cash back on everything, 2% on Food, 3% on Gas.

    If you are really headstrong about a miles card.. I would check out American Express. They offer good perks, but be ready to pay for it.

    REMEMBER every card is volume based. The more u use it the more u get.
  5. rayspizza rayspizza is offline

    Posts: 1,666
    Joined: Dec 06

    Oct 26th, 2011 (10/26/2011 4:56pm) in reply to jusinony04

    I dont think you accumulate points for leaving a balance. I use Amex, Basically you have to pay it off every month and your points can be transferred almost anywhere.

    In general leaving a balance is -EV unless you have a super good Rate.
  6. Busted Nuts Busted Nuts is offline

    Austin, TX
    United States

    Posts: 986
    Joined: Sep 05

    Oct 26th, 2011 (10/26/2011 5:26pm) in reply to rayspizza

    Amex blue cash if you spend a lot.
  7. R_U_Nuts R_U_Nuts is offline

    South Bend, IN
    United States

    Posts: 7,865
    Joined: Jan 07

    Oct 26th, 2011 (10/26/2011 5:33pm) in reply to Busted Nuts

    If you go to vegas at all BOA offer a harrahs total rewards card. you get points you can use for hotel stays, food etc..
  8. bluefin bluefin is offline

    Apo, AE
    United States

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    Oct 26th, 2011 (10/26/2011 5:57pm) in reply to R_U_Nuts

    Amex Gold Premier Rewards. 3x points for airfare, 2x points gas/groceries, 1x point everything else. It is $175 a year, but you get added benefits as well. Also, if you spend 30k a year, you get 15k bonus points, which equates to about $150 bucks making the card pretty much free. I do put 30k + a year on it, s it makes sense for me to do it. I originally balked at the $175 annual fee, but they waived the first year and gave me 50,000 bonus points for signing up. I never seen an offer that good for signing up for a card.

    And best thing of all, it's not a credit card, so n interest to worry about. Just need to pay off each month.
  9. Xmas32 Xmas32 is offline

    Omaha, NE
    United States

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    Oct 26th, 2011 (10/26/2011 7:42pm) in reply to bluefin

    My brother just got a Citi American Airlines gold card, he's fresh out of college and doesn't make very much at his job (~35k). They have a special going where once you spend $1500 you get 75k bonus miles which is pretty sweet. My dad has a Hilton Honors Amex that he uses quite a bit that seems to get him some sweet kickbacks. As others have mentioned, the more you spend, the more you accrue.
  10. towman1 towman1 is offline

    Auburn, GA
    United States

    Posts: 15,965
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    Oct 26th, 2011 (10/26/2011 7:44pm) in reply to Xmas32

    Amex Black

    end thread
  11. killingbird killingbird is offline

    Cary, NC
    United States

    Posts: 2,523
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    Oct 26th, 2011 (10/26/2011 7:53pm) in reply to towman1

    the Amazon Credit Card is the nuts. No annual fee. and literally anything you need you can get from amazon...from toilet paper to books. So the points are never going to be wasted.
     
  12. rayspizza rayspizza is offline

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    Joined: Dec 06

    Oct 26th, 2011 (10/26/2011 8:12pm) in reply to bluefin

     
    Originally Posted by bluefin View Post

    Amex Gold Premier Rewards. 3x points for airfare, 2x points gas/groceries, 1x point everything else. It is $175 a year, but you get added benefits as well. Also, if you spend 30k a year, you get 15k bonus points, which equates to about $150 bucks making the card pretty much free. I do put 30k + a year on it, s it makes sense for me to do it. I originally balked at the $175 annual fee, but they waived the first year and gave me 50,000 bonus points for signing up. I never seen an offer that good for signing up for a card.

    And best thing of all, it's not a credit card, so n interest to worry about. Just need to pay off each month.

    Yeah AMEX has the best customer service. They will try and sell you stuff, but if say no they don't press. also, they give free points and waive fees a lot of the time. I got 25K for trying platinum for 6 months ($400/year), I went back to gold because I didn't use all the benefits, but it was sweet getting into airport lounges and getting hotel upgrades.

    However the biggest compliment I can pay them is that I had an erroneous charge on my account and they fixed it No questions asked. Had the same thing happen at my bank (who I've been with for 23 years) and they made me fill out all kinds of paper work took 3 months - with Amex I logged on to my account the next day and the credit was posted. They know how to take care of loyal customers.

     
    Originally Posted by killingbird View Post

    the Amazon Credit Card is the nuts. No annual fee. and literally anything you need you can get from amazon...from toilet paper to books. So the points are never going to be wasted.

    FYI amex points transfer to Amazon 1:1 ratio
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