Best Credit Cards and Why?

Question

So question - If you were getting a new credit card(s), which one(s) and why? Not interested in miles so much. Some points would be ok if they were significant enough.

Just to use and pay off monthly.

A friend of mine said that Costco has a good one that he gets about $2000 a year back from?

Russell Brazil · Answer

Amazon Amex - 5% back on all purchases on Amazon

Fidelity Visa - 2% back on all purchases dropped into my brokerage account

Amex Business Platinum - Points. Money back is more than annual fee

Chase Saphire Reserce - Points. Cash back just under annual fee.

Chris John · Answer

I suspect this isn't what you're looking for and I promise I'm not a shill, but my coworker turned me onto travelfreely.com.  It's a website that keeps track of which cards you should be adding and subtracting to maximize the bonus points while still keeping your credit score high.

My wife and I have been doing it for about 6 months and probably have gotten about $5K of free travel already.  I suspect we'll get $8-10k of travel a year while putting around $4-5k a month or so on our cards that we pay off each month.  It's honestly kinda nuts how quickly the bonuses accrue and how organized the site keeps you.  I've also added a spreadsheet for me to help me with a little extra organization.

Anyway, I highly recommend it as it's easily a net positive and takes almost no time.  The website even emails you reminders when it's time to add or cut a card.

Marcus R. · Answer

Agree with Russell Brazil above.  Hard to beat the Chase Sapphire or Chase Ink cards for your business.  2/3 of the Chase Ink cards don't have an annual fee.

Chris John · Answer

@Bruce Woodruff

You can book hotels, planes, rental cars, etc.  You can get cash back instead (although the travel is a higher multiplier on your points), have your points pay your credit card bill, etc.  It's been an insane eye opener for me.  It literally seems too good to be true, but a quote I remember seeing was that the credit card companies are willing to lose millions to make billions.  Anyway, my credit score is still over 800, so there hasn't been too much fall out.  Again, I swear I'm not getting paid by them!

Although, let me know if you need a referral link to get you started (as part of the scheme is having my wife and myself refer cards to each other for those bonuses too).

;)  haha

Jeff Dawson · Answer

Same boat as you as we weren't interested in miles so went with Capital One Spark Business. 1.5% cash back on all purchases, no annual fees, and have a ton of monthly promos that range from 3-10% cash back. My 2 favorite stores, Lowe's and Home Depot frequently have 3-4% cash back promos so it starts to add up pretty quick.

Rob K. · Answer

I use a lot of different cards based on the best categories on my spending for cash back/miles, but one under the radar for rental investors that gives 5% cash back on up to $2,000 spending per quarter on utilities category when chosen is the US bank cash+ card.

I max out on utilities spending with the card every quarter.

Kai Kopsch · Answer

American Express offers tailored benefits and rewards for those in the Real East industry. The personal credit card options, such as the Amex Gold and Platinum, are perfect for frequent travelers as they quickly pay for themselves with travel perks and rewards.

For real estate professionals, the new Hilton Honors Business Card earns 5X points on all purchases up to $100,000, while the Blue Business Plus Credit Card offers 2X points on all purchases up to $50,000. Additionally, American Express provides credit lines tailored to real estate investors' needs AMEX Blueprint Business.

Chase Ink and Navy Federal also offer excellent credit card options for real estate professionals, with the potential for high credit limits up to $100,000. These credit cards are known for their generous credit lines.

Bruce Woodruff · Answer

Referral link appreciated. I need to check it out first though....Thanks!

Bruce Woodruff · Answer

@Chris John Wow, Thanks, I'll look into it. Although I don't travel by air very much....

Best Credit Cards and Why?

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