What's your favorite rewards credit card?

[FLA]

it's just the reward system I want right now, savings for college. If my DD was younger, sure. IDK what DS is eventually going to settle into over the next year or so. I love the rewards, but U Promise is not my thing right now.

[LivingAlmostLarge]

What's wrong with upromise?

[FLA]

Hmm..... I tried googling around for it, and it's looking like they may not be accepting new applications for the Sallie Mae card... It's not the U-Promise card. I may need to stop talking up this card...

it looked so great and then I realized all the rewards go to U-Promise. You should keep that card forever. I could not find it either.

[Nika]

For cash back cards Discover and Chase freedom, 5% categories are very good.

But rewards I really, really want are first and business class flights to Asia (to Europe I can suffer though, but to Asia, I just don't want to). I've had somewhere around 10 flights like these between Cathay Pacific and Delta. Sweet. I should post trip report some day.

Right now I have enough aa points saved up for 1 way Cathay flight for all 3 of us to Asia. The card I'm currently on is Amex Platinum, for airline transfer points. I had to pay $450 annual fee, but I will get a Singapore Airlines suite out of this, which will be a tremendous value for the money.

[amastewa93]

Though the company has received a lot of flack, Sallie Mae's credit card is great! They are also a main provider of student loans and they allow the credit card for consolidating student loan debt.

[kork13]

I'm about to apply, is it the one connected with UPromise? that one looks like the one you are talking about

Hmm..... I tried googling around for it, and it's looking like they may not be accepting new applications for the Sallie Mae card... It's not the U-Promise card. I may need to stop talking up this card...

[FLA]

My favorite credit card right now is the Sallie Mae card from Barclaycard. 5% cash back on the first $250/mo on groceries, 5% on the first $250 on gas, and 5% on the first $750 at bookstores (which includes any purchase from Amazon!!!). These three categories are easily the most frequently used in our household. My wife & I both have one of these cards, effectively doubling the monthly cash back limits. I also convinced my brother & father to both get this card as well.

I'm about to apply, is it the one connected with UPromise? that one looks like the one you are talking about

[amastewa93]

You should make sure that you are getting the most from your credit cards. Credit cards with cash back should be favored over those with "fly miles." Of course, cash back at the locations you shop at the most should be favored as well.

[FLA]

My favorite credit card right now is the Sallie Mae card from Barclaycard. 5% cash back on the first $250/mo on groceries, 5% on the first $250 on gas, and 5% on the first $750 at bookstores (which includes any purchase from Amazon!!!). These three categories are easily the most frequently used in our household. My wife & I both have one of these cards, effectively doubling the monthly cash back limits. I also convinced my brother & father to both get this card as well.

For everything that doesn't fall inside those categories, I do have the Citi Double Cash card, which definitely is a great card as well.

wow, I missed this, I'm getting one. Thanks

[kork13]

Wow, that is a great rewards card all right. Are the rewards received as a credit towards your student loans, or as cash? (Just wondering why more people aren't raving about this card.)

Cash back can be redeemed as a statement credit, student loan payments, or deposited into a U-Promise account. No option to transfer the money to a bank account, but a statement credit is effectively just as good.

The biggest downside is the monthly limits, as I explained above. But as I said, we got around that by each of us having a separate account, with both of us as 'authorized users' with each other's card. We will occasionally/accidentally bump above the rewards limit on one of the cards (typically for groceries), but you still get 1% back for spending above the $250/$750 spending caps, so not really a deal-breaker. I honestly don't know why this card isn't more popular... I love it, and tell anyone who is interested that they need to get this card.

[LivingAlmostLarge]

Citibank cash simplicity, discover and Costco Amex. Cash simplicity is 1% on eveything and 5% on gas and pharmacies. Discover I love the 5% rotating stuff, and Costco self-explanatory except 3% on eating out.

[Petunia 100]

My favorite credit card right now is the Sallie Mae card from Barclaycard. 5% cash back on the first $250/mo on groceries, 5% on the first $250 on gas, and 5% on the first $750 at bookstores (which includes any purchase from Amazon!!!). These three categories are easily the most frequently used in our household. My wife & I both have one of these cards, effectively doubling the monthly cash back limits. I also convinced my brother & father to both get this card as well.

For everything that doesn't fall inside those categories, I do have the Citi Double Cash card, which definitely is a great card as well.

Wow, that is a great rewards card all right. Are the rewards received as a credit towards your student loans, or as cash? (Just wondering why more people aren't raving about this card.)

[kork13]

My favorite credit card right now is the Sallie Mae card from Barclaycard. 5% cash back on the first $250/mo on groceries, 5% on the first $250 on gas, and 5% on the first $750 at bookstores (which includes any purchase from Amazon!!!). These three categories are easily the most frequently used in our household. My wife & I both have one of these cards, effectively doubling the monthly cash back limits. I also convinced my brother & father to both get this card as well.

For everything that doesn't fall inside those categories, I do have the Citi Double Cash card, which definitely is a great card as well.

[Petunia 100]

Same here.

For whatever reason they only gave us a $3,000-ish credit limit initially. ??? I had got it increased to $10k shortly after receiving the card (I suppose I could have asked for more?). Anyway, I just asked for a big increase today. I can now phase out our 2% cash back American Express that is not accepted as widely. With a more useful credit limit, the Citi Double Cash is now officially my favorite card.

Me too, my initial limit was 3k. I've had the card about a year now and they have raised my limit twice without my asking. It's still fairly low though, about 6k. Oh well, it's still my favorite rewards card.

[MonkeyMama]

Citi Double Cash Rewards Mastercard. 1% back when you buy, 1% back when you pay. Easy peasy. I make more spending on that card than I do on any of my savings.

Same here.

For whatever reason they only gave us a $3,000-ish credit limit initially. ??? I had got it increased to $10k shortly after receiving the card (I suppose I could have asked for more?). Anyway, I just asked for a big increase today. I can now phase out our 2% cash back American Express that is not accepted as widely. With a more useful credit limit, the Citi Double Cash is now officially my favorite card.