This Handy Credit Card Guide Will Get You the Most Rewards Every Time
I make virtually all of my daily purchases using one of my rewards credit cards. It might be filling my car up with gas or buying a bag of chips at work from the vending machine that accepts credit cards. If you have been using cash then you need to put it back in your wallet. We are going to spend money so why not get rewarded by using a miles/points earning credit card?
Of course, credit cards are not all created equal. I have multiple cards in my wallet and they all have their own purpose. I have one card that I use to get gas, another for eating out at restaurants and a few more for other purposes. Let's take a look at some of the best cards available and the best ways to use them in order to maximize the miles and points you will earn.
Chase Ink Card
- Office supply stores
- Gas stations
- Cable, internet and phone services
Hands down, my favorite credit card is the Chase Ink Plus card. Most notably the card will give five Ultimate Rewards points for each dollar spent at office supply stores. This is great if you need to buy a computer or just pick up a new ink cartridge for your printer. Personally, I do all my shopping at Office Depot and make sure to use a coupon as well so that I can maximize my savings.
My Chase Ink Plus card is also my go-to card for filling up with gas. It offers two Ultimate Reward points for each dollar spent at gas stations. If you have the Chase Freedom card then this is also a great way to buy gas. Select quarters each year you can get 5% cash back at gas stations (up to $1,500).
Last, but certainly not least, the Ink card gives you five points for every dollar spent on cable, internet and phone services.
With the Chase Ink Plus card you'll receive 70,000 Ultimate Rewards points after you spend $5,000 within the first three months.
Chase Sapphire Preferred
Best for: Restaurants
Whether I am going out to eat with my wife or just grabbing beers and wings with friends I always pull out my Chase Sapphire Preferred card because it offers two Ultimate Rewards points per dollar spent at restaurants. As an added bonus they offer and extra point on the first Friday of each month.
Right now when you sign up for the Chase Sapphire Preferred you will receive 50,000 Ultimate Reward points after you spend $4,000 within the first three months. Just like the Ink cards there is also a $95 annual fee which is waived the first year.
Citi Hilton HHonors Visa Signature Card
Best for: Drug stores
The Citi Hilton HHonors Visa Signature card is one of the best cards for purchases at drug stores like Walgreens or CVS. You will earn three Hilton HHonors points for every dollar spent.
In a study done last year, Mint.com announced that the average woman would spend a staggering $15,000 on makeup over the span of her life. If she were to use her Citi Hilton HHonors card then she would be able to earn an easy 45,000 points. Add in prescriptions and personal care items and this card will earn you some serious points each year.
When you sign up for the Citi Hilton HHonors Visa Signature card you will receive 40,000 points after you spend $1,000 within the first four months. This card also has no annual fee which is always a plus.
Blue Cash Preferred Card from American Express
Best for: Grocery stores
The Blue Cash Preferred Card from American Express is the card to use for trips to the grocery store because it will give you 6% cash back on up to $6,000 spent on groceries each year.
Once you sign up for this card you will receive a $150 statement credit after spending $1,000 in the first three months. This helps to make up for the $75 annual fee which isn't waived the first year.
Wrapping it up
Credit cards are such an amazing tool no matter if you are looking for cash back or travel rewards. The key is know which card to use for each of your purchases. Hopefully you have a little better insight into which cards are right for you.