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Roux-Roux
LSU Fan
Baton Rouge
Member since Nov 2003
1342 posts

Credit Cards



Wanted yalls opinion on the following:

1) what is the difference between the credit cards out there?

2) What is your favorite credit card and why?

3) Is it frowned upon to have multiple credit cards?







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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
19965 posts

re: Credit Cards


quote:

1) what is the difference between the credit cards out there?


Runs the gamut from APR rates, reward types (Cash back, points, reduced prices), rewards in certain categories more than others (5% on gas, 1% on everything else, or 3% at restaurants, 1% everywhere else,etc), redemption policies and rates (blackout dates, point value), and merchant tie ins(More rewards at certain vendors)


quote:

2) What is your favorite credit card and why?


I really like my Capital One Venture Card with 2% rewards on everything. I'm sure I could get cards that specialize in granting more than 2% on certain categories and have my rewards spread out over two to three cards, but I don't like to think that much.

quote:

3) Is it frowned upon to have multiple credit cards?


No.



This post was edited on 4/4 at 5:10 pm


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Roux-Roux
LSU Fan
Baton Rouge
Member since Nov 2003
1342 posts

re: Credit Cards


Thanks for the response.

Why does AMEX charge yearly fee?






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notiger1997
Member since May 2009
23867 posts

re: Credit Cards


quote:

Why does AMEX charge yearly fee?


Lots of cards charge yearly fees. They provide more services/points, so they can charge it.

My Southwest Visa charges $59 a year, but when I signed up I got 50,000 points.

If you think you want to use rewards for travel, get a specialized card like maybe a Hilton Amex or Southwest Visa.

That Capital One card was a good suggestion.



This post was edited on 4/4 at 10:17 pm


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756
LSU Fan
Member since Sep 2004
9986 posts

re: Credit Cards


PenFed CU with 5% gas rebate





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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
19965 posts

re: Credit Cards


quote:

PenFed CU with 5% gas rebate


So many of ya'll love this card. I can only guess your gas consumption is outrageous due to cooking meth or something.

OR you're trying to max out your points via a variety of cards.






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BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
41965 posts

re: Credit Cards


quote:

1) what is the difference between the credit cards out there?

That's like asking what is the difference between all the different model of cars one can buy

quote:

2) What is your favorite credit card and why?

Personally my delta Amex. I get a ton of points and access to their Skyclub with it

quote:

3) Is it frowned upon to have multiple credit cards?

No. I had two cards for a long time and just signed up for 2 more because they offered me $400 to do so






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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
72565 posts

re: Credit Cards


quote:

So many of ya'll love this card. I can only guess your gas consumption is outrageous due to cooking meth or something.

OR you're trying to max out your points via a variety of cards.



I drive a lot and drive a diesel truck that gets shitty mileage, my bill usually runs between 1,000 and 1,500 a month so 5% makes a difference.






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