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Show HN: I built a tool to manage and compare credit card rewards

rewards.getonecard.io

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Re: Show HN: I built a tool to manage and compare credit card rewards

#31

Post by lxm »

chrisweekly wrote: post #21
streptomycin wrote: post #17

The small % you get on each purchase is crumbs, but the cookie is the big sign up bonus you can get. For the past several years I've been making about $2k/year from that, which is so much more than the % bonus that I don't know why anyone would care about getting 3% back rather than 2%. Like if you are that worried about your money, take the free $2k first.

Do you have a system or tool for finding card offers with signup bonuses? Also (this is possibly common knowledge but) your credit score is negatively impacted not just by % of available credit utilized, but also by average age of credit accounts. If you're going to want a significant loan (eg a mortgage) in the forseeable future, something to keep in mind.

There's a bunch of newsletters and blogs advertising those changes, as credit card affiliate programs tend to be generous, especially for driving new sign-ups.

Not endorsing, but these are the ones my "newsletters" email account subscribes to:

* https://yourbestcreditcards.com/ for credit card bonuses

* https://www.frequentflyerbonuses.com/ for hotel, airline and other travel programs

Re: Show HN: I built a tool to manage and compare credit card rewards

#35

Post by ostensible »

david422 wrote: post #22

Ugggh, credit card rewards. We all pay higher prices on goods because of the fees credit cards charge merchants, and then can get "rewarded" some of that money back. No thanks.

You either play that game or subside others who do, regardless of of whether you like it or not — you are still participating. Prices are already higher for everyone.

Re: Show HN: I built a tool to manage and compare credit card rewards

#36

Post by ostensible »

nodesocket wrote: post #20

I’ve been using the Robinhood Gold card over 6 months and found the unlimited/unrestricted 3% cash back to be nearly unbeatable.

Bank of America provides 5.25% percent cash back on each category. Get one for every category. Done. (You need to enroll to preferred rewards for that). 3% is not worth to be bothered about, nor should anyone support robinhood in the first place.

Re: Show HN: I built a tool to manage and compare credit card rewards

#37

Post by nodesocket »

ostensible wrote: post #36
nodesocket wrote: post #20

I’ve been using the Robinhood Gold card over 6 months and found the unlimited/unrestricted 3% cash back to be nearly unbeatable.

Bank of America provides 5.25% percent cash back on each category. Get one for every category. Done. (You need to enroll to preferred rewards for that). 3% is not worth to be bothered about, nor should anyone support robinhood in the first place.

One for every category, not exactly great if you spend frequently. I’ll take free money at 3%, outrage over Robinhood usage is typical (rolling eyes).

Re: Show HN: I built a tool to manage and compare credit card rewards

#38

Post by eldaisfish »

ostensible wrote: post #35
david422 wrote: post #22

Ugggh, credit card rewards. We all pay higher prices on goods because of the fees credit cards charge merchants, and then can get "rewarded" some of that money back. No thanks.

You either play that game or subside others who do, regardless of of whether you like it or not — you are still participating. Prices are already higher for everyone.

There’s a much better option. Cap the card transaction fees by offering a public alternative.

Re: Show HN: I built a tool to manage and compare credit card rewards

#39

Post by tiffanyh »

david422 wrote: post #22

Ugggh, credit card rewards. We all pay higher prices on goods because of the fees credit cards charge merchants, and then can get "rewarded" some of that money back. No thanks.

Most of the time, you’re paying the same price even if you use cash.

Re: Show HN: I built a tool to manage and compare credit card rewards

#40

Post by m463 »

david422 wrote: post #22

Ugggh, credit card rewards. We all pay higher prices on goods because of the fees credit cards charge merchants, and then can get "rewarded" some of that money back. No thanks.

That's why lots of smaller/family restaurants are cash only.
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