Comments on: The 9 Best Credit Cards in February 2023 https://upgradedpoints.com/credit-cards/best-credit-cards/ Insider Strategies to Maximize Rewards Sun, 05 Feb 2023 13:16:10 +0000 hourly 1 https://wordpress.org/?v=6.1.1 By: Christine Krzyszton https://upgradedpoints.com/credit-cards/best-credit-cards/#comment-26056 Mon, 13 Dec 2021 13:00:44 +0000 https://upgradedpoints.com/?p=150765#comment-26056 In reply to G.

Hi G. Thanks for the comment. Agree, it’s important “to factor in all the variables” when selecting a card. If I own a business, spend 10K a month, travel frequently, and value the benefits of a $695 card, that may be the best card for my situation. Perhaps I am currently paying more than $695 for annual lounge access alone and the card offers it complimentary. Obviously, the right card for 1 person may not be for another person. Aside from the welcome bonus and minimum spending requirements, a rewards structure that matches your spending mix is also important for ongoing card value. The Citi Premier card, as you mentioned, is an excellent rewards card if your spending matches the rewards structure. One downside to the card is its lack of travel benefits. However, we do include it as a good option in several articles. Here’s 1 of the most recent, comparing it to the Chase Sapphire Preferred card: https://upgradedpoints.com/credit-cards/chase-sapphire-preferred-card-vs-citi-premier-card/

]]> By: G https://upgradedpoints.com/credit-cards/best-credit-cards/#comment-26034 Sat, 11 Dec 2021 16:54:36 +0000 https://upgradedpoints.com/?p=150765#comment-26034 You should factor rewards / dollar spent, minus the annual fee. The opportunity costs varies dramatically. Sure, you might get 100,000 points if you spend $15k on one of these “elite” cards, but if you can get 80,000 points from spending $4k and the annual fee is only $95 vs $695, you are better off getting the “non-elite” card and spending $11k on another rewards card or a 2% cashback card. Many of the rewards cards above are for businesses that want the value the card offers, suckers who don’t do the math or for vanity purposes. People need to factor in all of the variables. Agree that the Sapphire Preferred is the best on this list, but where is the Citi Premier card? That should be #1. 80k points for only $3k in spend and a $95 annual fee.

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