Comments on: The best flexible rewards programs: Comparing Amex, Chase, Citi and more

By: Soosie

Soosie — Tue, 14 Jul 2020 16:45:19 +0000

Cap1 is great, but it helps to know that you’ve pointed out on older posts that they pull credit checks from all 3 bureaus. And with American Express, I haven’t been able to get a card with them because whenever I apply a pop up box states I’m not eligible from having too many cards. I got 3 cards in past 24 mo (spaced out 6 mo apart) so I feel I’m on the conservative end…

By: Ryan James

Ryan James — Mon, 13 Jul 2020 13:57:48 +0000

I had an American Express Platinum Optima card for years, but over time the transfer partners dwindled down to nothing. Now, I rarely use the card. There is no incentive.

By: James

James — Mon, 13 Jul 2020 12:12:16 +0000

Need to correct my post…every DOLLAR spent is worth a minimum of 1.5 miles on the airlines with a 3:2 transfer ratio.

By: GetToThePoints

GetToThePoints — Mon, 13 Jul 2020 12:11:30 +0000

It seems like I always have to point this out in articles such as this. Cap1 is better than the article outlines. Cap1 earns 2 cents per dollar of spend so the cost is really half of what most other cards cost. I define cost as the amount of spend it takes to earn the necessary points. If for example you use 30,000 points for a ticket, with most cards that would require $30,000 of spend to earn those points. Not so with Cap1, it takes only $15000 of spend at 2 cent earned per dollar. So, in essence you are getting 2 cents of value per your dollar of spend thus doubling your value.

By: James

James — Mon, 13 Jul 2020 12:09:38 +0000

“The reason Capital One miles are harder to redeem for good value is because all transfer ratios are lousy — you won’t do better than a rate of 3:2 (3 Capital One miles = 2 airline miles). It’s not easy to get a value above 1 cent per mile.”

Wrong. You earn 2 Venture Points per $ with the Venture card for ALL spend, so every point is worth a minimum 1.5 miles on the airlines that have a 3:2 transfer ratio. OR you can cancel out travel charges on the card 1:1 with Venture points, which is 2 cents redemption per $ spent.