Originally posted by: Don the Dentist
Credit Cards - currently I've been using the Citibank Double Cash Card which gives you 2% cash back. Is there anything higher out there?
Hi Don!
So the answer is "probably," but I need to ask a few questions first to point you in the right direction. If there's anything you don't feel comfortable answering publicly, you can shoot me an email at [email protected].
First, how deep down the rabbit hole do you want to go? And by that, I mean, do you want a simple card that you can use every day and get 2% (or more) on everything without having to worry about it too much, or are you willing to mix up a few based on major categories? I'm not talking about having a dozen different cards, but rather, a main card and a different card for MAJOR categories, such as restaurants, groceries or office supplies? If it's the latter, the task gets a lot easier.
Second, is cash your primary reward goal, or do you want miles, proprietary points (such as American Express Membership Rewards or Citi Thank You points)? You can do a little better with some of the other cards, but you may be restricted to what you can spend your points on. For instance, Citibank offers a better conversion rate for its points if you use them to book travel, rather than if you them to send to your bank account.
I'll start with those two questions, and we can probably limit your options pretty quicky.
Thanks!
Mike