In addition to paying all expenses possible on a credit card, it is important to make sure you are using cards that earn extra
points on bonus categories when possible.
They're cards that have higher cash back
rates on the bonus categories, or just attractive and above - average flat rates on all net spending (more in our comparisons below).
They're cards that have higher cash back
rates on the bonus categories, or just attractive and above - average flat rates on all net spending (more in our comparisons below).
One drawback of the Cash Rewards card is the $ 2,500 quarterly
limit on its bonus categories, but there are no such limits with the Fidelity Amex.
The points available to
earn on the bonus categories are worth up to $ 5,625 when redeemed for travel through the Chase Ultimate Rewards portal.
You should still use a card such a the Chase Sapphire Preferred ® Card that earns more valuable points
on bonus categories such as dining and travel when abroad.
However, if your spending is high enough, and you spend more than $ 1,500 per
quarter on those bonus categories you will start to lose value again due to the capped bonus spending.
However, there are better cards out there that offer greater earning
potential on bonus categories, such as 5X on office supplies, 3X on travel, 2X on dining and more.
In my experience, I'm rarely asked for my ID in those instances and so it's practical for me to use Brad's Reserve and ensure that we maximize the
3X on those bonus categories without having to pay $ 75 to do so.
We'd recommend the Ink Business Cash ℠ Credit Card for small businesses - as long as your company spends $ 25k or
less on bonus categories, you will find some of the highest savings with the Ink Business Cash ℠ Credit Card over any other business card.
The most you could earn at the 2 % rate for restaurant and gas purchases tops out at $ 20 per quarter, compared to the $ 75 you could get with the Discover It card for spending the maximum
amount on bonus categories.
Other cards from Chase, Citi, and Amex will often earn you more in travel because they offer 2X, 3X, or even
5X on bonus categories that would end up netting you more than $ 600 on $ 25,000 worth of spend.
If you're not really going to use the Priority Pass membership, if you rarely stay at hotels for more than 2 - 3 nights at a time and if you don't really rack up ThankYou points
on the bonus categories on offer then you're not someone who's going to maximise the value of this card
To sum it, If you make a purchase at Macy's you can earn a total of 30 % cashback (10 % for using apple pay + 5 % for making purchase
on bonus categories + 15 % after 12 months for participating in double cashback)
However, many people don't max out the bonus categories on the Chase Freedom so let's see what happens when you only meet half of the maximum
allowed on the bonus categories.
As mentioned, the American Express Platinum card is not really the card you want if you're looking to earn points or miles with spending
on bonus categories like restaurants, gas, etc..
That means that if you have a Chase checking account with the Exclusives program, you'll essentially earn 1.1 points on all regular transactions and 5.5 points
on all bonus category transactions.
-LSB-...] A lot of people have had success getting a retention offer on the Forward of an extra 2x TYP per dollar,
including on bonus categories, for 6 months.
One drawback of the Cash Rewards card is the $ 2,500 quarterly
limit on its bonus categories, but there are no such limits with the Fidelity Amex.
You should still use a card such a the Chase Sapphire Preferred ® Card that earns more valuable points
on bonus categories such as dining and travel when abroad.
If you have no foreseeable plans of using Asia Miles to fly with a OneWorld partner, I would caution against putting a lot of
focus on the bonus categories, since you'll likely be better off putting spend on Amex or Citi cards.
However, if your spending is high enough, and you spend more than $ 1,500 per
quarter on those bonus categories you will start to lose value again due to the capped bonus spending.