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→How to use your rewards
*##Many cards give you points that you can redeem for cash or a gift card or spend directly on purchases. Gift cards and direct purchases can often be redeemed for more value than the cash equivalent. By leaving the points in the care of the credit cards for longer you give yourself the option of an alternate redemption method if it works out for you.
*#Frequently take the points out, in the form of a check or transfer to your checking account, or as a statement credit. This has a couple advantages:
*##If you do this you can put the cash in something like a High Yield Savings account (I use [https://www.marcusinvestopedia.com/usarticles/pf/09/en Marcus by Goldman Sachs] which currently provides high-yield-savings-account.asp High Yield Savings accounts with a 2.05% APYAccount]. This means you earn a little bit of interest on the money in the account. Now you are earning interest on the cashback that is sitting around waiting to be used. As of the 2022-01-18, High Yield Savings accounts are offering approximately 0.5% APY.*##Some of these cards only offer cashback as a statement credit. If you save up the rewards and can only redeem for a statement credit, you can't really "use" the money immediately unless you charge your new expense to that card. If you take the statement credit and then move the equivalent amount from your checking to your High Yield Savings it essentially gives you access to those funds.
=Beginner: Citi Double Cash Card=
*YouTube TV
===[https://www.uber.com/c/uber-credit-card/ <s>Uber Visa Card</s>]Wells Fargo Propel Amex===Uber just changed their card entirely and it's basically garbage now. I'll most likely be replacing this with the Wells Fargo Propel Amex.<s>This card is, essentially a dining and travel card. It provides:
*4% cashback on dining
*3% cashback on hotels and airfare (including vacation home rentals) but NOT rental cars (duh, Uber)
**Since this card is 2% on online purchases and your probably not going to do better than 2% on Subscription Fees you could put all eligible subscription services on this card.
*No annual fee
*No foreign transaction fee</s>
===[https://www.pnc.com/en/personal-banking/banking/credit-cards/pnc-cash-rewards-visa-credit-card.html PNC Cash Rewards Visa]===
*If you spend over $5,950/year at Amazon you'll make more money with a 5% card and a [https://www.amazon.com/amazonprime Prime membership] plus you'll get [https://www.amazon.com/gp/help/customer/display.html?nodeId=200444160 Prime benefits]. You should pay for the $119 Prime membership and use a 5% card ([https://www.amazon.com/Amazon-Prime-Rewards-Visa-Signature-Card/dp/BT00LN946S Amazon Prime Rewards Card] or [https://www.amazon.com/Synchrony-Bank-Amazon-com-Store-Card/dp/B008A0GNA8 Amazon Prime Store Card]).
*If you spend less than $5,950/year at Amazon and you kinda like the Prime membership benefits, then you have to decide if the "discounted" Prime membership is worth it (see below).
**I considered myself someone who wasn't in a rush to receive shipments and didn't value the Prime benefits too much. After cancelling my Prime membership and experiencing a couple orders that took 10 days to arrive I changed my tune a bit. It turns out that 2-day ship can be really beneficial when you're buying things for babies or active projects. As a result I reevaluated the value of 2-day shipping and reinstated my Prime membership.
*If you don't value the Prime membership benefits and you spend less than $5,950/year at Amazon then you should go with the 3% [https://www.amazon.com/Amazon-Rewards-Visa-Signature-Card/dp/B007URFTYI Amazon Rewards Card] and skip the Prime membership.
*Don't be afraid to try out a Prime-less lifestyle. It is easy to cancel, easy to restart AND Amazon gave me $5 after I placed my first Prime eligible order after turning my account back on.
====Overview====
===[https://creditcards.chase.com/rewards-credit-cards/chase-sapphire-reserve Chase Sapphire Reserve Card]===
The Chase Sapphire Reserve Card is a "travel card" and, in my mind, is competing with the Wells Fargo Propel Amex. Which one you choose will come down
#If you can/will spend your rewards on travel through the Chase Travel Rewards Website (to get a 50% rewards bonus)
#How much you value [https://www.cbp.gov/travel/trusted-traveler-programs/global-entry Global Entry], [https://www.tsa.gov/precheck TSA PreCheck], and access to [https://www.prioritypass.com/ Priority Pass] Lounges.
This card is interesting for a couple reasons.
#At the time of this writing you can get 50,000 rewards points after spending $4000 in the first 3 months. If redeemed for cash that is worth $500.