re: Credit Card Rewards and Points Discussion

quote:

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Ring is 10900, I already paid 1000 from citi card so balance sitting at 9900 currently

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Here is what I would do:

Option 1: Ask your vendor if there would be any discounts if you paid cash up front. If you can save 4-5%, I would go that way. This is not hard to get. If my knowledge is right, most credit card companies charge 2.5%-3.5% processing fee. They could pass these savings on to you. I would even go so far to push the vendor for this a little.

Option 2:
Sign up for multiple CCs. Keeping recent developments in mind, here is what I would sign up for:

Chase Sapphire Preferred ($5k) - 60K Chase Points
Chase United ($2k) - 50K United Points
Citi Hilton Reserve ($2.5K) - 2 Weekend nights at any Hilton Hotel + $100 + Free Annual Night

If you are anything like I was, as a college student, you probably eat out a lot. Sapphire gives a 2x bonus on restaurants and waives first year AF.

This will give you potentially ~112K UA miles and 2 free nights at any Hilton in the world just from the bonuses. You could add some nights on either end and make a vacation out of it.

You could also add a couple more cards to your portfolio and pay your expenses on it to get those other nights for free too.

For perspective:
- It is 60K UA miles RT to Europe, 75K to South Pacific, 60K to South America etc.
- If you are going to get married within the year, you could have at least 2 but upto 3 nights at a top tier hilton property for your honeymoon worth upto 285K points or thousands of $.