Who has the MyPoints Credit Card?

[Keke]

I'm trying to decide if it is worth it? For those of you who have it, how do you like it so far? Do your points show up in a timely manner? Any strategies for racking up the points? I'd like to get a rewards credit card and I'm torn between this one or an airline one.

 

[Nala217]

I have the card and I think it works great. You are credited with points each month. Around the time you get your billing statement you will get sent another statement listing the point amount you have been credited. I have never had a problem getting the points. I use it for most of my shopping through the different reward sites. That way I get the shopping points and the card points. Then if you puchase something from PCH Points, Memolink or any other you also earn points at My Points for that purchase. Hope the info helps.

 

[mad4themouse]

I decided against the MyPoints Mastercard. They only offer one point for every $2 that you spend. That means that to get a $25 webbie (3500 points), I would have to have spent $7,000. Since I cash out for webbies at MyPoints, this didn't seem like a great deal.

I have the Chase-i Mastercard instead. It pays in webbies, $1 for every $100 spent (1% back). For $7,000 in spending, I would earn $70 in webbies. That's a huge difference! And the webbies are sent automatically every time my total spending reaches the $1,000 or more mark. I don't have to cash in and wait. They arrive every month.

If you're using your points for GCs or other rewards at MyPoints, you may want to research the various rewards-type credit cards that are out there. Most will pay back at a rate of at least 1%, with some offering as much as 5% back if you carry a balance. Some offer cashback on a yearly basis while others give you points or miles for your purchases. Those can be exchanged for GCs, car rentals, hotel stays and airline tickets. I'd have to say that just about all of them have a better payback ratio than the MyPoints card.

 

[nicknamy1996]

Agreed!

Other than no reward at all the point/award scale for the MyPoints CC is the worst one I have ever seen (about .35 per $100 spent) I'm using the Disney Visa. Which is not the best. $1 earned for $100 spent (same as above $70 for $7000) but it must be spend at wdw, dis store or dis catalog. Most people(especially if you spend alot) will say AMEX reward cards have some of the best reward programs.

Toys R Us is $1 per $100 unless you use it at one of the R' Us stores then it is a very good 4%. We just did a Christmas trip there so I used that one earned about $14 reward dollars based on a $350 purchase.

 

[Nala217]

I have read the post about the My Points card not giving as many points as the I-card and the Disney card. This is true. However, if you do a lot of shopping through My Points the are now doing "Easy Points" for cardholders. If you puchase from a site that has a purple bar on the icon you get double the points listed when you use the card. Ex. Circuit City is 3 pts. per dollar. If you use the card you get 6pts. per dollar. Also, they offer a few gift cards available for 100 less points. Ex. ToysRUs $5.00 card is 700pts. instead of 800pts. So, I guess if you do most of your shopping through them (I do) it would probably be worth your while to get it to use for those purchases.

 

[mad4themouse]

Nala217,
IF you shop exclusively thru MyPoints, AND

IF you only shop at the merchants with the purple bar on the side of their banners, AND

IF you want to redeem for the "Spend Fewer Points" rewards, then the MyPoints card is a better deal.

But, if you use it in a B&M store, thru another rewards site or even at MyPoints at one of their regular merchants, then it is not so valuable.

I'd rather get 1% back regardless of where I shop, even if it's at my local grocery store. For me, it's just a better overall payoff.

 

[nicknamy1996]

Even with that it might not be the best deal, because with any other credit card you can still get the original my points AND your CC reward points.

 

[alanna350]

Mad4 the mouse, may I ask you a question about your credit card? I have been using the Toys-R-Us visa, but now that Kids-R-Us is going out of business, this card is not worth it for us anymore. I applied for the Mypoints card to use temporarily until our trip to disney in April. I agree with you, though,that it is not a great deal. When you get your webbies from your credit card how do you go about using them toward paying off some of the disney trip expenses? I'm new to this, and I'm still not quite clear on what I will have to do when I'm ready to cash in. I may want to switch to your card. Thank you in advance for your help.

 

[mad4themouse]

To pay for Disney World expenses, I have the plastic Webcertificate MasterCard. It costs $6.95 to get one from Webcertificates.com. It can be used anywhere that takes MasterCard, both online and off. It works just like a debit card but I don't have to provide a PIN #.

I used it to order park tickets from Ticketmania, paid the deposit on our room and plan to use it in the parks to "charge" a few meals and souvenirs. I like the versatility of being able to combine rewards webbies and the webbies from my Chase-i card. They add up pretty fast.