The credit card I use
August 03rd, 2006 - 26 Comments
After I wrote about how my credit card saved me $600 on a flight, a bunch of people asked what credit card I use. Normally, I don’t write about too many specific companies, but this is a card I’ve used and I trust. I use a Citibank Premier Pass Elite card. There’s a no-fee card and a fee card. I ran the calculations and decided to get a fee card, which is about $75/year. I chose this one because a friend recommended it, I earn 1 point for every dollar I spend and every mile I fly, plus I get free companion fares for domestic flights over $379. The reason I saved $600 was that I redeemed 25,000 miles for a domestic flight.
In my experience, the cash-back cards (“get 1% back on all your purchases, plus 3% at gas stations!”) are a joke. My friends report getting back pitiful amounts at the end of the year. I’m sure some people are happy with theirs, but my friends almost uniformly hate them.
Anyway, if you travel a lot, I encourage you to look into a rewards card. This one happens to be great for me (because I earn rewards when I spend and when I travel), but you can search through a huge list of cards at Bankrate.com. Be sure to run a break-even analysis to see if the extra rewards you get with a fee card are worth it (for most young people, it should be a no-fee card).
Also, my Citibank card just sent me 5 referrals to give away, so if you’re interested, let me know. First come, first served.
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