Reader Angie recently asked, “What is the best credit card for my family? We are a couple from Los Angeles with two toddlers. We aren’t interested really in international travel, we like to take short road trips.”
The first thing I asked her was how much does she spend on her family cell phone, cable, internet, and gas per month. She responded with the following estimates:
- $145 on cell phone bill for two people
- $150 for cable internet and tv
- $450 on gas for two cars
That’s about $750 in expenses for the family per month for those 3 categories only. I recommended that she could maximize the rebate on her purchases with a good rewards credit card. The card I recommended was Chase Ink Bold. Why?
Chase Ink Bold earns 5X points on her cell phone bill, cable internet and tv, and all purchases at an office supply store. I told her that she could buy $50 Shell or Chevron gas cards at Office Depot! Therefore, she can get 5X on gas as well. In total for spending about $750 a month on gas, she would earn the following amount of points per year:
- $750 per month * 12 months * 5X points = 45,000 Ultimate Rewards points.
That’s 45,000 Ultimate Rewards points for not much effort at all, in addition to earning the 50,000 point sign up bonus after spending $5,000 in 3 months ! The only hassle I mentioned would be buying gas gift cards at Office Depot, but she said she works right next door to Office Depot. She also stated she shops often on Amazon, so I told her you can earn 5X points on Amazon by buying Amazon gift cards at Office Depot as well!
Her next question was, like most people, “Is there an annual fee to the credit card?”
I told her that the first year is free and the 2nd year is $95. I then pointed to the example above that her family is earning 45,000 points a year with hardly any effort. 45,000 points can get her family 3 nights at the Hyatt Santa Barbara or Hyatt Mission Bay. Since she lives in Los Angeles, these two hotels are perfect a good value for a road tripping family. Average rates for each hotel are about $200 to be conservative, but sometimes a lot more. Therefore, she’s paying $95 for at least $600 in value!
You don’t need to put in too much effort to earn points and miles with the Chase Ink Bold card. For a busy family who likes to road trip, the Chase Ink Bold is the best card for their family. Of course international business and first class yields better value per point, but everyone’s value of points is different depend on their travel needs.
Do you have a reader question that could be beneficial to others? Send me an email at firstname.lastname@example.org.
Disclosure: I may be compensated if approved for the Chase Ink Bold using the CreditKarma link listed below. The current 50,000 offer is the best offer available at the time of this post.