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Which credit cards do you use for maximum rewards? (lemmy.ml)
submitted 1 year ago by WetBeardHairs@lemmy.ml to c/personalfinance@lemmy.ml
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My family uses credit cards for all purchases and we pay them off in full each month. Although sometimes we'll use a 0% APR promotion for bigger purchases.

Which cards do you use for maximizing your rewards?

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[-] Very_Bad_Janet@kbin.social 1 points 1 year ago* (last edited 1 year ago)

I'm glad I'm reading your comment. I had just called Chase this morning and the Chase Sapphire Reserve is now $550/annual fee and the bonus is now 60k points (i think.ot used to be 100k, which is what I got when I signed up.for the Chade Sapphire Preferred card). I was interested in order.to get the bonus points but also for the Chase airport lounges - if I can't access those.lounges there.might not be any point (no pun intended). ETA: Can you use all of the Priority One lounges?

What other benefits do you get for that $550? Is the fee waived the first year?

[-] WetBeardHairs@lemmy.ml 2 points 1 year ago

They shuffled the rewards around a few years ago due to covid.

  • Free instacart. We used the crap out of it for the first year during covid. Then the terms eroded and it got really expensive.
  • Free Uber priority or Lyft Pink or whatever. That saved us... maybe $10.
  • Free TSA PreCheck. It's worth $75 every 3 years or so. Maybe prices have gone up.
  • Priority Pass - yeah that thing that gives you access to like 0 lounges now. It was great when I got my card nearly 10 years ago.
  • Rewards points. They dropped Travelocity (thank god) as an intermediary. But now their booking costs are about 10-20% higher than booking directly with the airline/hotel/etc. So we try to bank up our points and use them to purchase whole tickets and we never spend cash through their portal anymore.
  • $300 of travel cash. We're careful to not book travel with that reimbursement through their portal. The 10-20% markup translates to $30-60 in rewards which, at a 5% cash back rate costs $1200 in travel to recoup.

Oh and when I signed up they gave me almost $750 in travel credit as a premium. I think I'm going to start churning again because that was the best freakin' reward.

this post was submitted on 27 Aug 2023
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