The credit card I use

Ramit Sethi

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.

Update: I have a new pick for my favorite credit card. Go learn what it is, and read my 6 rules about credit card rules. When you’re done, you can download the chapter on credit cards from my New York Times bestselling book, free. What are you waiting for? Read The Best Credit Cards for 2016 now.

What’s best credit card to get?

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.

There are much better options out there — I wrote up the reasons behind my pick for the best credit card here.

If you travel a lot, check out my list of the best travel credit cards (as recommended by my friend that’s travelled to every country in the world — really).

Whichever you choose, 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).

If you’re just getting started, you may want to read All About Credit Cards or Why your credit card interest rate doesn’t matter.

Do this next: try the Credit Card Payment Calculator

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  1. Anon

    During the last 9 months, I have saved the pitiful cashback of $220. By doing nothing else than reminding myself to use the Citi Dividend card everywhere.

    For people who drive and who buy in grocery stores, the 5% cashback is more than enough.

    Mileage cards? No way! Every day I read some story about how difficult it is to redeem those miles.

    Just to show how worthless these miles are: one can get 1 Continental mile per every dollar spent at ShopRite just by signing up for it at Not to speak about all the frequent flyer programs.

    If I want rewards when I travel, I use my Amex TrueEarnings card, with 2% cashback on travel. And so on.

    Maybe for big spenders or big flyers a Premier Pass Elite is worth the $75/year. For me, it’s not even worth the hit on my credit score, no offense.

  2. Chris

    We’re a family of 4 and we easily max out the benefits($300 per card) from 2 dividend cards over the year. Well, 600 bucks for buying needed groceries and gas is pitiful. I think we would save a lot more by not buying the groceries and gas.

  3. tjv

    for folks that loving buying stuff online, I really suggest the card. I use it for both personal and business expenses…and their 1-3% back in certificates add up quickly.

    In the past 15 months I’ve gotten prolly $1200 worth…but that’s also because my month bill is like $10k bc the business side.

    check it out.

  4. Chris Yeh


    You know I love you, but I think you failed to do the math here.

    25,000 miles = $25,000 spent.

    The value of your ticket was $600. That means that the imputed cashback % was 2.4%.

    For your groceries and drugstores and gas, you’d still be better off with 5% back.

  5. Ramit Sethi

    Ordinarily you’d be right (and I know you’re way better at math than I am), but I earn points for every dollar I spend and for every mile I fly. For example, if I flew to NYC and back, that would be ~6,000 points, and a flight like that might cost $250. In that case, I’d earn points on both the purchase price and the miles.

    Plus (this is less relevant), I got a bunch of free points for signing up.

  6. Cap

    it’s all about what cards work for you. 5% back from gas & grocery via the popular citi dividend is hot, it’s hardly a joke. as mentioned, most people spend enough to qualify for the $300 per year for stuff they’ll buy already.

    I can’t imagine paying almost $400 for the amex plat card, but for a lot of people, the benefit pays for itself within a few use.

  7. Don

    I can see how this card would be great if you intend to fly somewhere, but I think the cashback card is better for my more grounded, family lifestyle. Now, when my wife and I intend to take that trip to Hawaii, then it’d probably be reasonable to switch cards. That’s an interesting topic though…switching cards for the sake of the benefits you recieve from them.

  8. Paul Kerl

    For college students (if you only want one card)–the MTVu card is quite good.

    5 pts/dollar on purchases at bookstores, 25 pts for paying your bill each month, and bonus points for having good grades. Those are all good incentives.

    If you JUST use it for books (like me), it’s a nice perk to just recieve points having the card sit there doing barely anything (which works well when you’re trying to save money all the time).

    Just don’t fall into the trap of spending (even marginally) MORE money to get points…

  9. nick

    So how is your experience of redeeming those airline miles?

  10. Anon

    Not to pile on, but I get back between $500-$1000 a year on the “joke” cards. Tip: all purchases at a Wal-Mart Super Center are counted as groceries as long as at least one grocery item is on the receipt.

  11. samerwriter

    My wife and I used a mileage card for a while. Over several years, we racked up over 100,000 miles which we intended to use for a trip to New Zealand.

    However the airlines have made it very difficult to redeem miles for tickets.

    Meanwhile, so far this year we’ve earned $800 cash back on our Citibank, Chase, and Amex cash back cards plus around $100 in Amazon coupons with our Amazon card.

  12. Tim

    Another vote for the 5% gas/supermarket card is great. I don’t know what your friends are buying to make these cards “pitiful” but I definetly see the payback. No fee’s and 5% (not 3) and 1% on everything else is worth it by far.

  13. Stacy

    I have a no-fee card that gives me 5% back on gas purchases, up to 1% of my total purchases. It hasn’t made me millions, but I probably get about $20+ back each year.
    Since I pay my credit card off every month and don’t pay a fee, I can’t see the harm in using it at the pump every time. It’s also my only credit card that I use regularly, so i can stay on top of the balance.

    (It’s from MBNA, if anyone’s interested.)

  14. Jared Goralnick

    Hi Ramit,

    I have to strongly disagree on this one… the percentage one receives back on points/mileage cards is almost always close to 1%; you’re lucky that you got yours higher. But where the real catch is that that 1%-3% you get back goes toward purchasing something at RETAIL COST, be it flights or electronics or whatever. I used to use the AMEX Rewards but realized that the $50 XYZ I was buying could be had online for $30…and I would’ve been better off just getting cash. (So I ended up cashing in for gift certificates and buying stuff when it was on sale at those stores).

    Since then I’ve switched to Chase Rewards (5%/1%) card and I get close to whatever their maximum is–I think 300 or 400 per year, then I have another couple cards I use for certain business related expenses and make roughly the same on each. To me, that’s found money.

    And to agree with other people here, I used to use frequent miler cards…but it’s really difficult to redeem those miles. I’d much rather have flexibility to fly when I want at a good price.

    One last tip: if you get a rewards card and want the same psychological benefit of the points cards (i.e., noticing that you’re saving money), consider using a card that mails you a check when you request it (like Chase Rewards) so you SEE the real rewards as opposed to just getting it deducted from every pay cycle–in which case that $30/month or so just gets ignored.

    Best of luck,

  15. debt-free

    “Also, my Citibank card just sent me 5 referrals to give away, so if you’re interested, let me know. First come, first served.”

    Since you mention it, what is the kick-back on those referrals?

  16. Ramit Sethi

    5,000 miles per person who signs up (max of 5 people).

  17. David Robarts

    I use a Citi Diamond Rewards card. 1 point on purchases, no annual fee, bonus points at gas stations & grocery stores (and sometimes special offers on other types of stores). I use my rewards to make payments on student loans. No extra points for flights, but I haven’t been on an airplane for years, so that wouldn’t help anyway.

  18. Jeremy

    I used a United Airlines card during my first few years out of school. During that time I spent enough money (furniture, electronics, travel) to make the annual fee worthwhile. All my spending plus a few trips earned me two tickets to Hawaii.

    Now that I don’t spend or fly as much, I’ve switched a pair of cash back cards. My Citibank card gets 5% back from gas, groceries and drug stores. I also have a Chase card with 1% back on all purchases and no annual limit, which I use to buy everything else. While I don’t earn miles anymore, I just buy cheap flights that I couldn’t get with miles anyway.

  19. Laura

    Another voice of dissent! I think most people are way better off getting the 3 or 4 hundred cash back and finding their own good deal on a flight to spend it on. Also you could argue that airline miles cards cost you more for all of your flights since you’re forced to use one airline, which surely others are sometimes offering a better price. I’d be interested to see what your “savings” are if you tallied up the price difference between the flights you took on the airline you have the card with and the cheapest flight available.

  20. Joel

    The best card (or best mix of cards) depends on a person’s spending patterns — especially how much they spend in each category (e.g. gas, restaurant, home improvement, utilities, etc.). I recently went through this analysis due to changes in the terms of the Citi Dividend card. That analysis inspired me to build a general-purpose tool that anyone can use to find the best cash back card (or cards) for their spending pattern. As far as I know, this tool is currently the only one of its kind.

    You can see the tool at


  21. Dan Meehan

    I know this is very late, but have you heard of the Centurion card? My dad has one, and it’s a rather expensive thing, however the card pays for its membership fee twice over in a year. However, he had to spend (and pay off) 250,000 dollars to be qualified to get the card. Financially, he’s my idol.

  22. Edmund O

    Well the premier pass elite is a great and one of the best you can get if and only if you fly. As you get points for the money spent to purchase the ticket, and earn points for every miles you fly. You can double earn your points, imagine, you have Northwest perks mile + thank you points just for flying. For my gf and I, we usually fly back to Malaysia once a year, and one round trip will give me around 8,000 points plus the airline’s own milleage points. I have to agree, for everyday purchases, i will use my dividend 5% cashback, but keeping one Premier Pass for flying is good. So far, i havent seeen any credit card other than Premier Pass that gives you points for every miles you fly… if you know of one, please let me know… =)

  23. Cze Norm

    Do you pay fee to agent when redeem Citi Premier Card miles for tickets? And how much?

  24. Rich

    Hi Ramit, Thanks for the tip on this card. We were looking for a new c-card to keep all our purchases separate for a new condo we recently purchased. The Citibank Premier Pass Elite card now offers the companion ticket when you buy Coach class round-trip for $299 or more, and since we travel often, that’s great… And your readers might also want to know that it doesn’t restirct to any airline, as it lets you “Travel on Any Airline with No Blackout Dates.” And you also earm points for miles travelled on Any airline.

    I too would be interested in hearing about your own experience with redeeming points for airline tickets, if you’ve encountered any “gotchas”? Or if it’s been smooth sailing.

  25. George

    This card is good to charge plane tickets BUT the best one is this one:

    Notice how you earn AT LEAST 3 Thank you Points per dollar!!!!

    With the Citi® Platinum American Express® Card you’ll earn:

    * 15,000 bonus ThankYou Points after $300 in purchases within 3 months of becoming a cardmember2
    * 5 ThankYou Points for every $1 spent on purchases made at supermarkets, drug stores and gas stations and 3 ThankYou Points per $1 spent on all other purchases for the first 24 months; 1 point thereafter2
    * Earn an average of 4 points per $1 spent when you shop through
    * Up to 150,000 ThankYou Points in a calendar year2

  26. Vinny V

    Ramit, have you ran across a better card than the ‘Citi PremierPass® Card – Elite Level’ since you wrote this post (and included it in the book)?

    I’m primarily interested in the free companion tickets and free lounge access at airports offers.

    Thanks in advance.