[quote=“llary”]How much do you spend on your card each month and do you always pay off the balance in full? Do you make any purchases outside Taiwan (including online)?
Anyone spending at least NT$20,000/mo on their credit card should skip the cashback rewards and go for an airline miles card.
For example if you regularly spend an average of $50,000/mo on the Citibank Eva platinum cobrand card you get one mile for every TW$15 spent. In one year that is 40,000 miles. As an extreme example a business class ticket on Eva costs at least TW$100,000 and you could redeem one of these in around 3 years. The total value of your reward as a percentage of spend is then nearly 5%!
A business class ticket to e.g. Bali on Eva could be earned in just over a year (50,000 miles) and would usually cost over TW$20,000. The reward is then just over 2.5%.
There are also ways to convert airmiles into hotel stays etc. However you use them they are at least 3 times more valuable than 1% - 1.5% cashback rewards.
My current personal favourite airline card is the Amex Cathay Pacific Elite card. The earning rate is not quite as good as the Citibank Eva cobrand but CX is a much better airline, award tickets cost less miles to redeem and Amex customer service is top notch.[/quote]
I plan on using it for everyday small purchases like food, gas, groceries, convenience items, household items, etc, anywhere that will let me pay with a credit card. The occasion semi-big ticket item and occasional out-of-Taiwan online purchase. Don’t think I’ll be spending 20K a month though. And I plan on completely paying off the balance every month. So interest rate doesn’t matter.
Like I said, I really don’t need an airline card. Don’t plan on doing a lot of flying and if/when I do need air tickets, I’ve got that covered through other means.
I’m more interested in tangible, usable perks that can be consumed in the immediate future. Store discounts, food, movie tickets, anything like that.