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Let’s face it. Sometimes, reading about personal finance can make for some pretty dry reading. Annual fee this, interest rate that, blah, blah, blah, blah, blah. Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz. Are you still awake?
So, in an attempt to spice things up a little bit, I decided to start a series on MPFJ called, Credit Card Boxing. In each match, two credit cards (of the same general category of credit card) will be compared side by side in an attempt to determine which reigns supreme over the other. When applicable, the winner from the previous match will advance to compete in the next round.
In this, the 2nd match of the series, we’re comparing two general purpose credit cards.
In the left corner, we have weighing in at a hefty 5.23 g (weighed in the scale in my lab), my favorite credit card that I use for almost all of my purchases, the Chase Freedom Visa Card. If you missed the first MPFJ credit card boxing match last Saturday, this card beat out the new Discover it Card (although it was a close match).
In the right corner, we have weighing in at a respectable 5.07 g, the Barclaycard Rewards MasterCard. I haven’t personally tried out this card yet, so I was curious to learn a little more about it.
Shown below is a screenshot from CreditCards.com (the first place I go for looking up information on credit cards) listing all of the pertinent details for the Chase Freedom Visa Card.
And, shown below is a table listing out all of the pertinent details for the Barclaycard Rewards MasterCard. You can also click here to view the card’s Terms and Conditions as well.
Although I honestly wouldn’t be ashamed of having either of these cards, I would have to say that for my money, the winner here is the Chase Freedom Visa Card.
What made me lean towards this one was because by offering 5% cash back in rotating categories throughout the year, the Chase Freedom Visa Card offers higher potential cash savings from my purchases vs. the 1% or 2% cash back program offered by Barclaycard Rewards. This is especially true if you couple the use of the Chase Freedom Visa Card with a gas-specific rewards card like the Chase BP Visa.
How about you all? Do you think the Chase Freedom Visa or Barclaycard Rewards MasterCard sounds like a better deal?
Do you personally carry either of these cards?
Share your experiences by commenting below!
Hi folks! My name is Jacob. I am the owner and operator of My Personal Finance Journey. I started this blog in January of 2010 and have enjoyed the journey ever since. Since finishing up graduate school in Virginia in 2014, I have been working in biopharmaceutical development in Colorado. You can read more about me and this site here. Please contact me if you have any questions!
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