No. of Recommendations: 0
On Mon, 07 Apr 97 21:45:19 -0600, bert wrote:
<<I don't carry a balance, and would like to switch to a card that earns me some useful perks. Any suggestions?
>>

I'd say go for a cashback card, unless you do all sorts
of travelling where frequent flyer miles might pay off.

If you like a certain brand of car and are thinking of buying a new one in the next few years, something like
a GM or Ford card might be good. They give 5% back as
a discount on a new car, but you're locked into that
manufacturer.

If you spend many thousands on your credit card, the GE
Rewards card might be best. It has the highest cashback
percentage, but they recently instituted an outrageous $25 annual fee for people who pay off their balance in full
always. Still, if you spend enough on the card, you could
still come out ahead of Discover.

I'm not sure I'll always be spending enough to make the
GE card payoff better than Discover after the fee,
so I just stick with Discover, and have gotten on the
order of 1% of my spending back the past 2 years.
Unfortunately, Discover isn't taken everywhere, so you
need a backup VISA or MASTER card.

For my backup cards, I have 2 without an annual fee: a
GM Mastercard for the purchases I can't do with DISCOVER,
and a generic Platinum VISA that I can use for the
assorted perks like car rental insurance, extended
warrantees, and flashy prestige.

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