Looking for another rewards credit card

[Cutehumor]

hey guys,

I only have two credit cards. One is a GM card where I have maxed out my $500 earnings within seven months. I have the old GM card where I can only earn $500 in earnings a year for seven years. I pay my balance off in full every month so interest rate isn't a concern. My other credit card is an 7% interest alumni card by chase that I'm looking to cancel because I never use it. So I'm looking for another rewards credit card out there. Until I can earn GM card earnings again which won't be until April 07. I haven't applied for another credit card in 8 years and the options are endless. I've done some research and found airlines, hotel, cash back, and even Subaru/volkswagen have their own reward credit cards. Any suggestions on what offers the most bang for the buck with no annual fee. I'm somewhat leaning towards citi drivers edge. thoughts?

 

[MysticGold04]

I have a Citi PremierPass card... I got a Sony DVD player for free from it, though it took me about a year to rack up enough points. You can check out some of the rewards they offer by visiting www.thankyounetwork.com

 

[XS650]

Quote:

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I have a Citi PremierPass card... I got a Sony DVD player for free from it, though it took me about a year to rack up enough points. You can check out some of the rewards they offer by visiting www.thankyounetwork.com

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I have one of those too. The part I like is that you get a point for each mile flown in addition to a point for each dollar you spend on an airline ticket. You can still get frequent flier miles for the same ticket from your airline.

Example. I took around trip to Greece last April.

Ticket = $1000 = 1000 points.
Miles flown = 15000 = 15,000 points

Total = 16,000 points. A point is roughly = to a frequent flier mile, except it can be used to buy tickets on any airline.

I also got 15,000 frequent flier mile with my airlines frequent flier miles.

 

[The_Jeff]

citi has a rewards card that pays 2% on groceries, gas, utilities, and drugstores. Used to be 5%.

Max $300/year. 1% on everything else.

Presently running a citgo card that'll be 4% on citgo gas and 1/2% everywhere else, as I've "maxed out" the rewards on ^ above for the year. Also has an intro 20% gas rebate for 60 days. Most gas cards have an intro bonus rebate; if you're into that game you can get new ones then cancel.

As far as rewards go, cash is still the best in my book.

 

[HappyHyundai]

Are you in the Military?

Navy Federal Credit Union Credit Card

and

USAA Credit Card.

 

[CivicFan]

I do not like the point system. I only use CC with cash back rewards.

My favorite card used to be ATT Universal cash back card issued by Citi but Citi canceled it because I earned too much cash.

My current favorite card is a BP VISA card issued by Chase. It pays 5% cash back on BP gas station purchases, 2% on travel and dining, 0% on all other gas station purchases and 1% on everything else. There are some new enrollment bonuses - check the application form found at your local BP station.

The second favorite card is Discover platinum. It has a tiered cash back percentage. You will reach the 1% level after $1500 cumulative purchases - it resets at every anniversary date of the card issuance.

The least favorite card is AmEx Blue Cash Rewards. They have a tiered percentage, but to reach the optimum level you will need to spend $6500 and I think it resets at anniversary as well.

All these do not have annual fees, and some have intro 0% APR as well.

 

[JHZR2]

Quote:

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Are you in the Military?

Navy Federal Credit Union Credit Card

and

USAA Credit Card.

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I havent seen that the NFCU CC gives good rebates - am I wrong???

JMH

 

[Cutehumor]

no, I'm not in the military. I did more research last night and found out that lexus, bmw, mercedes-benz, chrysler, dodge, and Jeep have their own rewards credit card too

 

[DracoFelis]

Quote:

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So I'm looking for another rewards credit card out there.

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A couple of choices I personally use/like:

DiscoverCard:
No annual fee. You earn up to 1% on all purchases (after the first few K of purchases, virtually everything is at the 1% cash back level). And unlike many cards, the bonus isn't capped at a set amount per year! In addition, you can use your "cash back bonus" to purchase "gift certificates" to some merchants for even more savings. For example, my wife told me the other day that she wanted to purchase a few things from "Sharper Image" (a store that sells high-tech "stuff"). So I recently used $40 of my "cash back bonus" to purchase an $80 Sharper Image gift certificate, that will arrive (shortly) in the mail (effectively doubling my bonus to 2%, because I "purchased" the gift certificate at 1/2 its face value).

AAA VISA:
If you are a member of the AAA motor club, consider getting their own branded VISA card. Like the Discover Card, this one also has no annual fee (however it is limited to current AAA motor club members). It gives you 2%-5% cash back on all gas purchases "paid at the pump" (but nothing back on other purchases, so this is mostly just a "gas card"). And like the Discover card, it is NOT capped as to how much you can earn in "cash back". And the other thing I like about this card, is the online "ShopSafe" feature, where I can make dollar/time limited "virtual credit cards" for online shopping (instead of having to give out my real credit card number to every merchant I'm purchasing from).

NOTE: I do pay off my bills (on those two cards) each month, so I never have to worry about what interest rate is on the card (as I need never pay any interest that way). So the rewards are pure "gravy", given the way I use those cards. However, I'm not sure that either of these cards is the lowest possible interest rate, so they might not be good choices if you are planning to "revolve the credit".

BTW: One thing I've noticed about a LOT of "rewards cards", is that they have limits (often around $300/year, or even less) in how much you can "earn". And so I've typically been avoiding such cards, as IMHO it's just not "worth it" to have a card with such built-in limits (as "at best" you are dealing with the hassles of that card for all of $300/year of earnings). Instead, I would rather have cards that have slightly lower rewards on each purchase, but no "limits" on how much reward money you can earn in the year (which is why I like the two cards listed above).

Oh yeah, to increase bonuses even more, register whatever card(s) you do get with "U Promise". Doing so will mean that you will both earn bonuses from the card, and (at the same time) also earn money for schooling (from U-Promise). And it also doesn't hurt to open a "Fat Wallet" account (or indeed visit multiple "discount/coupon" sites) as well...

 

[Jerry]

Hess card right now is 10% back on gas for 90 days and then 5% after that. I cannot find if there is a $$ limit for the payback.