Credit Card Forum
  1. #1
    Spartan2007
    Spartan2007 is offline
    Green Member
    Join Date
    Aug 2010
    Location
    Florida
    Posts
    3

    Default How to choose a rewards credit card? Please help me

    I am new to reward credit cards and would greatly appreciate your advice choosing!

    I am currently debating between the Chase Freedom and Discover More Cards. They appear to be almost identical, both offer up to 5% cash back with rotating categories. If all things are the same I suppose I prefer the Chase because Visas are accepted everywhere, however I have read a couple negative reviews regarding Chase cards: 1.) That they cut spending limits on customers that pay their bills in full and on time and 2.) That they may be cutting down their cash back rewards. Is there any truth to these rumors?

    I recently decided to cross the AMEX Blue Cash off my list (even though I spend more than $1500/month) because I don't spend a ton of money on gas stations, drugstores, or grocery stores. Is that a pretty fair assumption, or should I reconsider the AMEX?

    ANY feedback is GREATLY appreciated! Thanks so much!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote     Aug 30, 10, 6:21 pm
  2. #2
    fffresh
    fffresh is offline
    Centurion Member fffresh's Avatar
    Join Date
    Apr 2008
    Location
    the edge of the world
    Posts
    440

    Default

    One factor to take into account is the two aforementioned cards have different caps on the amount of spending that qualifies for five percent.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote     Sep 1, 10, 3:03 pm
  3. #3
    Mogul of Pineapples
    Mogul of Pineapples is offline
    Centurion Member & Moderator Mogul of Pineapples's Avatar
    Join Date
    Jun 2008
    Location
    Smogland
    Posts
    1,400

    Default

    because I don't spend a ton of money on gas stations, drugstores, or grocery stores
    The first step of how to choose a rewards credit card would probably be to identify the categories you spend the most in. What would you say those would be?
    Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed. Regardless, anything I say is my honest opinion.

    Current Cards:     American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
    Primary Everyday Card: American Express Blue Cash
    Primary Travel Card: Citi Thank You Premier
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote     Sep 8, 10, 10:56 pm
  4. #4
    Nickatron
    Nickatron is offline
    Green Member
    Join Date
    Sep 2010
    Location
    San Diego
    Posts
    3

    Default

    I'm sorry I meant to make my own thread, but I must have replied to this one instead.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote     Sep 11, 10, 7:30 am
« Previous Thread | Next Thread »