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Anonymous
Which cashback card is recommended for big ticket purchases (e.g. wedding)?
Will be paying for wedding banquet soon, may I know which credit card do you all advise for this expenditure? Total payment should be about $20k. Alternatively, would you all recommend clocking miles under current circumstances?
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The cashback or miles from paying for wedding itself is usually not great.
One strategy would be to combine it with sign-on bonuses. For e.g.
Sign-up Card A (spend $4k within first 3 months to get $200 sign-up bonus plus x% cashback for the $4k) and swipe $4k on Card A
Sign-up Card B (spend $10k within first 2 months to get $150 sign-up bonus plus y% cashback for the $10k) and swipe $10k on Card B
SIgn up Card C...blablabla
Replace the "cashback" above with "miles" if you are more inclined to miles. Check out singsaver or moneysmart for a list of good credit card sign-on bonuses.
Under normal circumstance (pre-Covid19), I would suggest going for miles. Combining all sign-on bonuses (miles) and miles from swiping your $20k, you can probably get a pair of business class tickets (one-way only) to Europe.
If you are planning a honeymoon and is confident travel will open up soon, perhaps Miles?