Best "Everything Else" Credit Card? - What Do You Use?
I need a new "everything else" since I have a lot of spending there. What cards do you like?
Wash your car at Petro-Canada? Think again! Car damaged and nobody cares
Jul 3rd, 2020 6:52 pm
Jul 3rd, 2020 7:00 pm
It depends on how much you spend and what you're looking for, i.e., cashback, travel rewards, etc. The Amex Simply Cash Preferred gives you 2% cashback, but has an annual fee. You would need to compare that with the earn rate on a no-AF card relative to your spending. There is no "best" everything else card for everyone, but there is a best everything else card for each person.
Jul 3rd, 2020 7:06 pm
Spend is a lot. Doesn't matter what it is, I just want the best PERCENTAGE. BEST. I'll decipher from there.efrant wrote: ↑ It depends on how much you spend and what you're looking for, i.e., cashback, travel rewards, etc. The Amex Simply Cash Preferred gives you 2% cashback, but has an annual fee. You would need to compare that with the earn rate on a no-AF card relative to your spending. There is no "best" everything else card for everyone, but there is a best everything else card for each person.
Jul 3rd, 2020 7:08 pm
Jul 3rd, 2020 7:30 pm
Jul 3rd, 2020 8:43 pm
Here is a list of most credit cards with "everything else" earn rates above 1%: list-cards-offer-base-everything-else-e ... 1-2177215/ thanks to @HermanHDaVibe wrote: ↑ Spend is a lot. Doesn't matter what it is, I just want the best PERCENTAGE. BEST. I'll decipher from there.
For example, I wouldn't go with AMEX because of its acceptance rate.
There's always popular cards here on RFD lol
Personally, I have every category filled except this one. The "Everything Else" category. For example, the $30 I dropped at Dollarama today.
Jul 3rd, 2020 8:51 pm
Jul 3rd, 2020 9:05 pm
You want the best rate regardless of AF, yet you won't look at Amex?
Jul 3rd, 2020 11:34 pm
Sure, but you and I both know AMEX is not Visa or American Express. Personal preference.
Jul 3rd, 2020 11:35 pm
True but this is usually above that. However, I haven't gone that route in a bit so that's worth considering, that is for the reminder.
Jul 3rd, 2020 11:43 pm
Jul 3rd, 2020 11:50 pm
I still enjoy people's feedback on their daily cards. We have a daily thread but this was a bit of an extension from that.
Jul 4th, 2020 12:16 am
@efrant linked the base earn rate cards thread already.DaVibe wrote: ↑ I still enjoy people's feedback on their daily cards. We have a daily thread but this was a bit of an extension from that.
I was using TD Visa Infinite Travel as a "everything else" but it seems like most equate it to 1% now (swear it was more) so I thought a thread was due.
I went back a few pages, didn't see anything like this, sorry. I don't mind the down votes from like minded people, it's fine
Jul 4th, 2020 1:17 am
My vote also goes to Triangle WE.
Hey, that'd get you another bag of sod
Jul 4th, 2020 1:21 am
For now only have Cobalt. I had SimplyCash Preferred in 2018 and the basic AirMiles AmEx several years ago. My plan is to acquire the AmEx BBP from the US once I can align it with hitting MSR in USD.
Jul 4th, 2020 1:31 am
I have the Canadian Tire WE, among some other cards. Guess I should consider a switch.titaniumtux wrote: ↑ @efrant linked the base earn rate cards thread already.
The card you mention is TD First Class Travel. It's 3 pts per $1 spent, pts are 0.5cpp on Expedia4TD, or 0.4cpp on misc travel, or 0.25cpp as "cashback". That's a 1.5/1.2/0.75% return.
You'll have to run a matrix on your spend, but more importantly set a goal on how much you'd like to feasibly earn in CC rewards. Basically...
- earn <$500/yr and you might have one or two CC's that are nothing special (or you don't spend much)
- earn $1-3k/yr and you either really optimized rewards on significant spend, or you're churning, or both
- earn $4-9k/yr and you know the game well. You either have real high organic spend (potentially put some business spend on personal cards), you manufacture spend, you aggressively churn, etc.
- earn $10k+/yr you're deep into the game, and/or you funnel heavy business spend. You also know how to maximize transferring pts to FFP's
As you can see, a 1-2% base earn card is trivial when it comes to scaling rewards. I did the math for myself and my fallback card to AmEx (I use CTFS WE) gives me a better return than carrying a 1.5-2% card, since most spend on that card ends up in the 3x or bill pay (where I'd earn nothing otherwise). Sure I could throw a base earn card into my wallet and wheel in an extra $10-50/yr in cashback or whatever, but it's simply not worth carrying the additional card for such a trivial incremental game.
Jul 4th, 2020 10:17 pm
Jul 5th, 2020 2:56 am
They're not hiding it.
Jul 5th, 2020 10:29 am
Well they are not advertising it, so therefore ...banker8 wrote: ↑ They're not hiding it.
Given it's not promoted, they'd be within their rights to give you Zero percent for everything else. Or a measly 0.5% like on so many other No AF cards for non-accelerated category spend.
In fact, their old Options MC only paid 0.8%, gauging from legacy info. floating around online.
So, let's be happy that it pays 1%. As they say, don't look a gift-horse in the mouth. Solely to be used (of course) on those bill payments.