Hey Mustachians!
This is my first post here. Been reading consistently for about a month. Found this site after I had an epiphany at 1am late one night about my mismanagement of finances. Thankful I did.
So, in the coming years I'm looking to do more travelling for work and to travel home (I'm moving across the country for work, and plan to visit 1-2x annually). So, I'm looking to get the most of out of my credit card usage.
I currently use Discover Card, and according to my annual statements for the last 12 months, I spend about 30k annually with the card (I know, I know...)
I saw the recommendation for the Chase Sapphire card here, but I'm worried that the one of the primary benefits, 20% off travel through their "ultimate rewards" site - will limit my options for travel. Does anyone have experience with this site and card?
Of note, I came across this site:
http://www.creditdonkey.com/chase-sapphire-preferred_discover-escape.html..Which basically runs an algorithm based upon spending quantities using the percentage of rewards (1-2%) to give you how much you would earn in rewards annually. In the scenarios I ran, Discover Card Escape always beat out Sapphire, but that didn't take into account the 20% savings on travel, which could be significant with a few trips a year.
Thanks for your feedback on the Chase Sapphire Card!
Best,
Joe