Comments on: For Your Own Good Credit Card Rewards Comparison Handbook

By: MsBurgundy

MsBurgundy — Tue, 01 Dec 2009 13:06:15 +0000

It sounds like Card #1 is the American Express Blue Cash card. I'm quite familiar with that card's reward structure.

Assuming your monthly spending is even across the 12-month period, then you should go with Card #1 (AmEx Blue Cash). Here's why: Your average rewards for supermarket spending with card #1 will be 3% (i.e. (5% + 1%) / 2), while your average rewards for supermarket spending with card #2 will only be 2%. Your average rewards percentage on all non-supermarket/gas/drug spending for both cards will be 1%.

Note, however, that to really know the optimal card for you for certain, you should take into account your entire categorical spending profile (including gasoline spending, drug store spending, and any other special rewards categories with either card).

You might find that this credit card rewards calculator is helpful to you:
http://www.creditcardtuneup.com/

By: Jigar11

Jigar11 — Mon, 30 Nov 2009 13:58:09 +0000

Nope. Any discounts you get from credit cards are part of the contract between you and the credit card company. They're considered "incentives," not income.

By: Elisha D

Elisha D — Mon, 30 Nov 2009 13:31:01 +0000

For those who have very good credit and have plans of taking advantage of the reward program, American Express designed a card for you, the Blue Sky Rewards.

What are the reasons why this card is simply for you? It has reasonable interest rate. You do not any annual fee to pay for. You can also take advantage of the 0% introductory rate for your purchases in six months time. It has to be made clear that the introductory rate for balance transfers only applies to those who initiate a transfer when applying online for the card.

The great thing about the Blue Sky from American Express, the credit card rewards program are amazing. There's no annual fee, low introductory rates, and free rewards program with no blackout dates or travel restrictions.

Other benefits offered by the Blue Sky from American Express include auto rental insurance, a Return Protection which credits cardholders with the maximum amount of $300 for purchases that are non-refundable in 90 days. This also includes a year end report.

You may find a great review here:

http://www.rewardcreditcardsite.com/travel-rewards-credit-cards/blue-sky-from-american-express/

By: Robert R

Robert R — Sun, 29 Nov 2009 20:00:21 +0000

The reason why credit card companies offer rewards programs is to encourage spending. Through spending, the credit card companies and retail stores can generate more income. In return, you will be given points.
Therefore, the more you spend, the more points you can have. But don’t make this an excuse for overspending. The rule of thumb here is to use your rewards card whenever needed and possible.These rewards vary from free miles to discounted flights, trips, holidays, special gifts, bigger discounts, and cash or balance rebates. But before you can get these rewards, you have to accumulate certain points first. These numbers should work for your advantage.

By: mrr86

mrr86 — Sun, 29 Nov 2009 12:03:29 +0000

I have a credit card from American Express that pays me 5% cash back on all the purchases I make with no annual fee. I got it from this website http://www.123gocreditcards.com I really recommend checking that site out because it has other rewards cards you might be interested in as well. Good luck.

By: Superman

Superman — Sun, 29 Nov 2009 06:08:59 +0000

No. It's not treated as taxable income.

By: icpooreman

icpooreman — Sun, 29 Nov 2009 00:19:14 +0000

cardnow.undonet.com – try this one. You can compare different credit cards and choose the best one for you.

By: Sarah

Sarah — Sat, 28 Nov 2009 05:13:50 +0000

Citi PremierPass(SM) reward program enable cardholders to earn a point for each dollar spent for general purchases and a point for each three miles flown by a cardholder on any airline. It may include others who buy the ticket using the card.The points earned can be used for travel, products; gift certificates and the like. The most number of points that can be earned annually is 100,000. There is expiration if the account has no activity in every three years.

You may find a great Citi Premier Pass Credit Card Review here:

http://www.rewardcreditcardsite.com/travel-rewards-credit-cards/citi-premeir-pass/

By: Gal E

Gal E — Sat, 28 Nov 2009 04:50:55 +0000

Hi,
You could find out and compare at this site under "Select By reward":
http://track.acclaimnetwork.com/apn_work/scripts/sclick.php?b2s=8790&SUBID=PARAM