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Big expenses coming around £2K + Monthly Expense is around £1K - which credit card to get most return?

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Big expenses coming around £2K + Monthly Expense is around £1K - which credit card to get most return? Read More
arunmajumdar12 Avatar
1m, 6d agoPosted 1 month, 6 days ago
Big expenses coming around £2K + Monthly Expense is around £1K - which credit card to get most return?
arunmajumdar12 Avatar
1m, 6d agoPosted 1 month, 6 days ago
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Best Answer
arunmajumdar12
I have amex everyday platinum cashback and MBNA visa + amex. Wife has only Amex platinum. Looking for direct cashback or may be flexible airmiles? How is Amex Preferred Gold Charge Card?
I don't think you're going to do better than Amex Platinum Cashback on the market as it stands.

Preferred Gold Charge card is good if you're in to 'churning' as it pays 20000 MR points on sign up (= 20000 nectar or any airmiles) but the ongoing rate of 1 point per £ is not brilliant and it'll cost you £140/year after your first year. If you take it, get the bonus, refer your wife, wait for the bonus - cancel, then after 6 months get your wife to refer you, wait for the bonus then get her to cancel - rinse and repeat.

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#1
Straight forward cash or airmiles?

Do you have any existing credit cards?
#2
I have amex everyday platinum cashback and MBNA visa + amex. Wife has only Amex platinum. Looking for direct cashback or may be flexible airmiles? How is Amex Preferred Gold Charge Card?
#3
arunmajumdar12
I have amex everyday platinum cashback and MBNA visa + amex. Wife has only Amex platinum. Looking for direct cashback or may be flexible airmiles? How is Amex Preferred Gold Charge Card?
I don't think you're going to do better than Amex Platinum Cashback on the market as it stands.

Preferred Gold Charge card is good if you're in to 'churning' as it pays 20000 MR points on sign up (= 20000 nectar or any airmiles) but the ongoing rate of 1 point per £ is not brilliant and it'll cost you £140/year after your first year. If you take it, get the bonus, refer your wife, wait for the bonus - cancel, then after 6 months get your wife to refer you, wait for the bonus then get her to cancel - rinse and repeat.
#4
WillPS
arunmajumdar12
I have amex everyday platinum cashback and MBNA visa + amex. Wife has only Amex platinum. Looking for direct cashback or may be flexible airmiles? How is Amex Preferred Gold Charge Card?
I don't think you're going to do better than Amex Platinum Cashback on the market as it stands.
Preferred Gold Charge card is good if you're in to 'churning' as it pays 20000 MR points on sign up (= 20000 nectar or any airmiles) but the ongoing rate of 1 point per £ is not brilliant and it'll cost you £140/year after your first year. If you take it, get the bonus, refer your wife, wait for the bonus - cancel, then after 6 months get your wife to refer you, wait for the bonus then get her to cancel - rinse and repeat.

I will need 10 minutes to understand the logic, ha ha, thanks, this is a good idea.
#5
WillPS
arunmajumdar12
I have amex everyday platinum cashback and MBNA visa + amex. Wife has only Amex platinum. Looking for direct cashback or may be flexible airmiles? How is Amex Preferred Gold Charge Card?
I don't think you're going to do better than Amex Platinum Cashback on the market as it stands.

Preferred Gold Charge card is good if you're in to 'churning' as it pays 20000 MR points on sign up (= 20000 nectar or any airmiles) but the ongoing rate of 1 point per £ is not brilliant and it'll cost you £140/year after your first year. If you take it, get the bonus, refer your wife, wait for the bonus - cancel, then after 6 months get your wife to refer you, wait for the bonus then get her to cancel - rinse and repeat.

And really happy with our amex cashbacks, last year we cashed around 50 + 370 (1st year for wife) in cashback and this year we are towards 35 + 150 so far with card year ending in May.
#6
arunmajumdar12
WillPS
arunmajumdar12
I have amex everyday platinum cashback and MBNA visa + amex. Wife has only Amex platinum. Looking for direct cashback or may be flexible airmiles? How is Amex Preferred Gold Charge Card?
I don't think you're going to do better than Amex Platinum Cashback on the market as it stands.
Preferred Gold Charge card is good if you're in to 'churning' as it pays 20000 MR points on sign up (= 20000 nectar or any airmiles) but the ongoing rate of 1 point per £ is not brilliant and it'll cost you £140/year after your first year. If you take it, get the bonus, refer your wife, wait for the bonus - cancel, then after 6 months get your wife to refer you, wait for the bonus then get her to cancel - rinse and repeat.
And really happy with our amex cashbacks, last year we cashed around 50 + 370 (1st year for wife) in cashback and this year we are towards 35 + 150 so far with card year ending in May.
Yeah likewise, it's a great product and Amex's service is brilliant.

I'm on the legacy Plat Cashback until October (flat 1.25%; 2.5% in anniversary month; £25 annual fee) but I think I'll be rolled over to the new tiered one at that point. If that happens, I'll probably downgrade it to the 'everyday' product and use the Barclaycard Cashback Amex (flat 1%; no fee) until that finishes - whenever Amex pull the plug on it.
#7
Consider a credit card with a long interest free period for purchases. E.g. Halifax 30 months interest free on purchases - https://www.halifax.co.uk/creditcards/purchase-credit-card/ Save the money back to pay off the card during the 30 months in an account that earns you some interest (Santander 1-2-3, Club Lloyds, TSB, Tesco if they bring it back). It'll earn you more that way than the Amex would in cashback, but requires some discipline and potentially shuffling of money to make the most of interest from multiple accounts.




Edited By: morgie on Mar 20, 2017 20:11

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