Credit card with points/benefits

I know there are a few threads about CC and points but I couldn't find any (man look) related to my situation

Anyway we have just sold our house and we will have some surplus funds to reno the new place

We are looking at spending 30K on various things (floorboards, ducted air con, painting etc)

What would be a good card to put all this on, one at a time so maybe 10-15K limit, to collect points

We would pay it off straight away to avoid any interest payable

Never had a CC before but I would guess 30K would be a lot of FF points (SYD-LAX return???)

Anyway any suggestions would be helpful

Comments

  • for a citibank signature card, youd get about 45000 points. that's enough for about a $500? gift card (or thereabouts).

    you should look at any recent credit card deals which give a bonus X points on signup (e.g. 40,000 points), but be wary of any annual fees included. Commbank is usually pretty good value if you need to pay for a credit card. i would avoid Amex only as some retailers don't accept amex.

    i recall a westpac earth deal recently and the citibank signature. do a search via ozbargain.

    you are also able to hold onto your money and pay off the closing balance by teh due date, giving youa pprox 30-45 days of interest free money

  • +1

    Have you considered trying to negotiate better deals by paying cash, rather than by credit card?

    Personally, I don't think it's worth it, but if it's frequent flyer points that you're after, also have a look at the Point Hacks website for ideas.

    • You can typically knock 10% off the price by paying cash to a tradie. You aren't going to get anywhere near that for credit card rewards. Unless you need tax invoices for some reason then that is definitely something to consider.

  • +1

    If you want points and have a large spend then have a look at this website which shows which cards yield the most points: www.rewardscompared.com

    Quite a few recent deals for cards with bonus points:
    https://www.ozbargain.com.au/node/137748
    https://www.ozbargain.com.au/node/136057
    https://www.ozbargain.com.au/node/139481

    You can also get bonus AMEX points if you get referred by a current cardholder as follows (other cards also available):

    Platinum Charge Card 60,000 points (Annual fee $900)
    Platinum Reserve Card 40,000 points (Annual fee $395)
    Platinum Edge Card 15,000 points (Annual fee $195)
    Qantas American Express Discovery Card 8,000 points (No annual fee)

    PM me if you want the link.

  • Spending 30K on a credit card is nothing, and won't get you anywhere near Los Angeles

  • You can expect to get around 0.7-1.0% back of purchases as rewards (gift vouchers, etc) so for $30k that's about $300

    Put your own figures here http://rewardscompared.com/cards to compare Rewards Credit Cards

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