hi, i have 2 credit cards - Bank of America Cash Rewards - Chase Sapphire preferred Which would give me higher rewards? When i do online shopping i get 3% back from Bofa. So if i were to order something on amazon would using my bank of america’s 3% be better than using chase sapphire preferred? i just got my chase card so i’m trying to learn how to maximize points. edit: the online shopping is for more than just amazon. so i’m wondering if i had to choose between the 2 cards i had which should i pick tc: 177k
Get an Amazon card
Go to r/churning. This is blind sir/mam or <insert_your_preferred_gender>
Always use your points for travel and never as cash back . AFAIK chase has good transfer partners so you can transfer points at 1:1 ratio to United or Hyatt.
Chase preferred should only be used for dining and travel. Use the BofA for 3% back purchases and get a chase freedom unlimited for everything else which gets you 1.5x points for all purchases.
What’s the default cashback on Chase?
Never take cash back. Always accumulate Ultimate Rewards. Transfer to Airlines and fly business class. Do the math and you would see that easily.
Good call. What’s the average % return doing it this way?
If you become BOA platinum honor ($100k+ across all funds), you get a 75% booster. Your 3% cash-back becomes 5.25%. Get multiple CC custom cash rewards, you now have 5% on most categories. Amex gold also has 4% cashback on groceries (up to $25k) https://www.bankofamerica.com/preferred-rewards/details/
Look at asksebby on YouTube, he has a calculator on all the rewards cards. Consider the sign up bonuses too. It might make sense to switch every couple of years
Tech Industry
2h
1548
What happens when most of your team is Indian?
Tech Industry
9h
1017
Women, help me understand why this is inspirational
Work Visa
10h
600
Biden meant “illegal” immigrants, right?
Working Parents
20h
1388
Closed now - thank you all
India
Yesterday
1296
Modi is a legend, will be remembered for centuries to come
Amazon Card gives 5% if you have prime. Points can't be transferred to Chase however
What do you mean points cannot be transferred?
Amazon Card is issued by Chase. However points in that card can be used on Amazon only or statement credit