Comments on: Another Reward Credit Card Change?

By: Ed

Ed — Thu, 16 Dec 2010 01:29:27 +0000

I saw my Blue Cash Reward Dollars dwelling over the years while my spending is up every year. I had switch to Fidelity 529 reward card straight 2% contribution to your 529 plan with no limit. Reward dollars are credited to your fidelity account monthly. This definitely beat the 1.25% by blue cash card.

By: Cathy

Cathy — Thu, 30 Jul 2009 17:02:25 +0000

Did you close out your other ccs? I got three new ccs last year and I now think that may have hurt my credit score even though I never use two and always pay the one off. I was thinking about switching yet again but I’m concerned about how this will affect my credit score. Any advice on how long to wait to open a new one or close out the old ones?

By: Lissa

Lissa — Thu, 30 Jul 2009 14:50:22 +0000

Thanks for the follow-up! I’m seriously considering getting a CitiForward card to accompany our Amex Blue Cash card. We won’t be doing the Schwab option since we don’t have an account, but that does sound like a good option. We use our AmEx for everything we can though, so hitting the $6500 isn’t a problem.

By: diane

diane — Thu, 30 Jul 2009 13:43:16 +0000

Thanks for a quick response. You are right. When I dug a little deeper into the rewards website I did find a few gift cards at $100 for 10,000 pts for a few stores in my area and a couple I could use online (I guess). No Home Depot but Macys, Staples, the Gap and some restaurants. I usually like money better but this will do.

By: Chris

Chris — Thu, 30 Jul 2009 01:58:35 +0000

My wife and I have been using the Schwab card for about six months now and loving it. We only use 1 cc each with strict budgets to make sure we aren’t overspending in the name of earning points.

By: Nickel

Nickel — Thu, 30 Jul 2009 01:31:22 +0000

Diane: Statement credits are always priced at a premium. We’ve always done $100 Home Depot gift cards for 10k points. That’s pretty much like straight cash to us. Check it out (unless they’ve changed things).

By: diane

diane — Wed, 29 Jul 2009 22:20:42 +0000

I got this card when you first mentioned it a couple of months ago and I don’t seem to have the same reward structure you have.
In order to get $100 statement credit or $100 anything else except charity donations I must use 14500 points or more. This is not one point for one dollar.
How did you get a better reward system?

By: Eric

Eric — Wed, 29 Jul 2009 20:52:48 +0000

What a timely post. I JUST got the Schwab card and it is definitely a keeper. It’s my go-to card for everything pretty much outside of a few specific categories like travel and gas. I love it.