A recent exchange of posts with Lemon brought this article to mind:
How often do you shop for new cards? What criteria do you use in selecting which cards you get, and which cards you use?
We try to pay our balances every month, so we don’t really look at interest rates. What we look at primarily are rewards and annual fees. We value cash rewards over airline miles, due to its versatility, and the fact that we can use even small amounts of cash. We also look for cards with no foreign transaction fees, but since we don’t spend a whole lot of time outside the US, and already have a couple cards without those fees, that’s not a primary consideration.
We value the Discover Card cashback over others, because we can redeem cashback there by purchasing discounted gift cards from places we shop (e.g., Gap, Lowe’s). We once redeemed some cashback by buying several $100 gift cards for a hotel chain for $50 each, just before going on a trip in which we used those gift cards.
If you’ve found a card that offers a particularly good benefit, please share!