Got a credit card you love? Sharon is looking for one with a high cash back rebate to use for a trip to Disney in 2012. She writes:
I need a credit card that is best for flyer miles, no black out dates, no fees and good %. Which one do you recommend? We will go to Disney in 2012. I’m so confused reading all the cards and can’t decide! Thanks so much ~ Sharon
I would recommend comparing credit cards at three sites before making up your mind. I like NerdWallet, BillShrink, and Mint. Each site asks questions about your spending habits to sift through credit card terms and present the best matches to you.
Why use more than one site? Most sites that review credit cards have an interest in recommending certain cards over others because they are paid through affiliate links for each person who signs up for a card. By comparing results at multiple sites, you’ll be better able to sift through the crud and find a good card. Things to keep in mind:
- 1 percent cash back is standard, so push for a higher cash back (as long as you can abide by the terms).
- Knowing how much you spend on plastic each year will help you decide if paying an annual fee is worth it.
- Do the math. Calculate how much you would earn, minus fees, using your top three credit card contenders.
- Is earning miles more important than the cash back percentage? You may have to pick one over the other.
My main credit card is a CapitalOne card with a 1% cash back rebate, which is more important to me than airline miles. I’ve been meaning to get a separate card for groceries and gasoline that have a higher cash back rebate. What do you think Sharon should do?