0
votes
0answers
49 views

Is there a downside to applying for several credit cards for rewards?

Qantas offers several bonuses (mostly frequent flyer points) for applying for some credit card programs and spending X amount within Y months with that card. Most of these cards have annual fees. I ...
1
vote
1answer
40 views

Timing between loans and applying for a new credit card

Here's the skinny. I can get answers out of a variety of the question threads here, but putting it all together is a bit of a different matter. Bought a house 18 months ago. Put 20% down, got a 3.5% ...
10
votes
3answers
353 views

Are there cons to paying monthly bills with a rewards card and then paying it off monthly?

I have a rewards card I really like and we have about $5k in bills monthly. Almost all of them I could setup to pay out of this card. That would earn about $600+ in rewards annually, which would ...
6
votes
2answers
280 views

What's the benefit of a credit card with an annual fee, vs. a no-fee card?

My credit cards don't have an annual fee. I get mailers from American Express all the time and I see that card has an annual fee. I know a few friends and see a lot of people subscribed to such cards ...
6
votes
3answers
738 views

Should I cancel an existing credit card so I can open another that has rewards?

I have four credit cards. One has a cash back rewards, one a discount, and the other two do nothing for me. However, one of those two is my oldest card, so I cannot close that account. I would like ...
3
votes
1answer
1k views

Overpaying credit card to simulate a credit line increase?

I keep my credit card lines small for various reasons (reduce possibilty of impulse purchases, minimize my credit footprint etc) but there are times when certain necessary purchases exceed the amount ...
3
votes
2answers
56 views

Site to find out which card to use for specific purchases

I've got a couple of large purchases coming up (thousands of dollars). I plan to use credit card for that - I have the money for it, but various credit cards have 1% to 5% cashback bonuses, and with ...
3
votes
1answer
82 views

Rewards credit card for large repeating purchases in Australia

I have no revolving credit card debt: I pay it off every month. I also have a significant throughput of charging/paying off, including a large repeating medical cost that will be at least $3000 every ...
0
votes
1answer
67 views

Which reward/benefits card is the best value for money in Australia?

As per the question this is based off: Which card do you use and why? Some cards are similar but some not. This will also be affected by personal preference, so indicate why you chose a ...
2
votes
2answers
96 views

What is a good credit or debit card that offers a reward with each transaction in the US?

I am looking for a rewards card (credit or debit) where you can earn some number of cents (I've seen 10 or 20) per purchase that you charge to the card regardless of the amount. Something similar to ...
12
votes
3answers
240 views

Why do cash back credit cards give a higher rate for dining and gasoline purchases?

Title says it all. For example the Amazon.com Chase card gives 3 points/dollar for Amazon purchases, 2 for gas station and dining purchases, and 1 point for everything else. It's obvious that money ...
4
votes
1answer
514 views

How do credit card companies track your purchase categories?

I've seen a few responses scattered on the internet that attempt to answer this but they seem to disagree on the matter. When dealing with cash-back credit cards, they offer different percentages for ...
4
votes
2answers
343 views

Can someone earn money from Credit Card Cash Back by buying and selling back and forth?

If I understand cash back programs correctly, the Credit Card companies give you back a percentage of the money you spent on a purchase. 1% would give you back $1 on a $100 purchase. If this is the ...
1
vote
2answers
226 views

How do I calculate what percentages I'm getting back on my credit card on which I get points, not dollars?

So, I have a Scene Visa card (Canadian) which instead of giving me money, gives me points for which I can use for a variety of things, but the most common being movies. How do I figure out what ...
3
votes
1answer
619 views

Credit card changed by card company: Why is Citi changing my Visa dividend platinum select card to dividend world Mastercard?

My citi divident platinum select card is being replaced with citi dividend world mastercard. I don't quite understand their explanation. But what are the changes on the benefits? why change from ...
7
votes
6answers
153 views

Are credit card membership points best used for swag or for travel?

As far as I can tell, most reward point programs are confusopolies. I have a difficult time figuring out how much my points are really worth since the exchange rate seems to vary depending on what ...
7
votes
3answers
211 views

How do you find the credit card with the best rewards/points? [US]

I'm using a CC that basically gives me 2% cash back on everything. It adds up, but I have a feeling that I'm not benefiting from how often I use my card. I easily put over a thousand each month on the ...
21
votes
5answers
841 views

Are credit card rewards taxable?

There have been several questions about reward point/loyalty programs offered by credit cards Best Travel Point Credit Cards Best Reward Benefit Credit Cards Easy Comparison of Reward Benefit Cards ...
3
votes
2answers
101 views

Is there an easy way to compare store or credit card loyalty programs? How can I tell which is best?

Surely someone has come up with a spreadsheet or calculator to run comparisons?
8
votes
3answers
750 views

Which reward / benefits credit card is the best value for the money in Canada?

Which card do you use and why? Some cards are similar but some not. This will also be affected by personal preference, so indicate why you chose a certain card vs. another e.g. if you like to travel ...
6
votes
2answers
262 views

Are travel point / reward credit cards worth the hassle and cost?

Are travel point / reward credit cards worth the hassle and cost? Many such cards have fees, and when you try to book there are often restrictions. What has your experience been with these types of ...