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I’ve written earlier last year in 2013 about the credit card strategy I use mainly to accumulate points. This was using the American Express Platinum Edge and the Citibank Visa Signature card. By knowing which shops to go to – you would decide if it’s better to use an Amex or Visa. Certain factors are applied here which include the number of points you receive and the surcharge if any.

A review of the Amex Platinum Edge is the following:

1. Earn 3 points per dollar you spend at supermarkets

2. Earn 2 points per dollar you spend at petrol stations

3. Earn 1 point per dollar for everything else

Note: Utilities, Bills and Insurance only gives you 0.5 points per dollar

A review of the Citibank Visa Credit card is the following

1. Earn 1 Krisflyer point per dollar you spend domestically

2. Earn 2.67 Krisflyer points per dollar you spend internationally. Note: Citibank has its’ own points system called Citibank Rewards. Essentially you earn 1.5 Citibank Reward points per dollar domestically and 4 Citibank Reward points per dollar internationally. Converting to Krisflyer (which is by far the best option for this card) follows the above 2 points.

Now if you think about it – this doesn’t include a lot of places – how about restaurants? Or even travel? The best I can do is earn a point per dollar with Amex Platinum Edge and Citibank Signature Visa card.

From the last 3 posts I have written about the American Express Platinum Charge card.

Below is the earn rates for the American Express Platinum Charge Card

1. Earn 3 points per dollar for restaurants that accepts Amex

2. Earn 2 points per dollar for travel

3. Earn 1 point per dollar for everything else.

So therefore by including the American Express Platinum Charge Card in your Arsenal of Credit Cards – you have more choice and a better selection of which card to use when purchasing products.

I travel perhaps once a year to Gold Coast and if I’m luck Melbourne. So paying for the flights (even taxes) and booking hotels on the Amex Platinum Charge card makes sense. More than either the Amex Platinum Edge card or the Citibank Signature Visa card.

I just went to a restaurant with some friends last week and surprised they accepted American Express. Gave them the Platinum Charge card and found out that I received triple points!

If you put the time in – research the credit cards that gives you the best bang for your buck in terms of reward points. It is the same as a financial health check of your own finances. He/She who puts the time in comes out as a winner as they will be flying premium cabins rather than the normal economy flights.

To the people owning earning 0.5 Qantas free Frequent Flyer points per dollar you spend – I encourage you to do some further research as there are better credit cards out there as outlined in the 3 cards above that I mentioned. 

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