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CROSS POSTING FROM THE CREDIT CARD & CONSUMER DEBT FORUM:


So DW and I are expecting DC (dear child?) #2 in March :)

I want to take her away for a vacation. We havent really done much together in the last 3 years, since DD joined our clan. Problem is, I really dont want to take the money from our e fund, and I also dont have money set for a vacation (we used it taking DD to Disney earlier this year.

So, I am thinking I might open a new rewards card.

The idea being that it could offset trip costs. I dont anticipate any major purchases (we bought the house; we do have a leased car that we need to re-up or buy a car in 2017/18), so I am not terribly worried about near term FICO impact.

There are a couple of rewards options, and I am trying to get a handle on how to compare them. I currently have a discover (love the cashback!) that I use predominately and pay off each month. We also have a Cap1 venture card. This one is easy to figure out: 2% back on everything and each point is worth $0.01. So a $400 flight = 40,000 points

For this initiative, I am considering the three following options (and assuming I qualify--i have over 800 fico score):

Option 1: Amex Starwood SPG card -- 30,000 SPG points bonus / $95 annual fee after first year
Option 2: Amex Platinum -- 100k points (worth up to $1k in travel?) / $450 annual fee (so... that makes it work up to $550 in travel?)
Option 3: Citi Hilton HHonors care -- 75k points / $0 annual fee
Option 4: Chase Sapphire -- 40k points/ $95 annual fee after first year, 40k points enough for $500 flight

Seems that option 3 would translate in to 7500 United OnePass miles or (for a particular date) a 5 night stay in a standard room in a property in aruba that costs $1200 otherwise

Option 1 seems to have the best points transferability.

Option 2 seems like not a great option

Option 3 gives a bonus when redeeming for travel, so 40k points = $500 in airfare/hotel. While I have heard great things about Amex reward points, I have read mixed reviews on chase

Sorry for being so long winded... Any perspective would be appreciated!
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