比较了2025年所有主流信用卡组合。顺手做了一个简单的GOOGLE SHEET可以计算一下自己实际使用情况。先说结论，主流信用卡组合，各大商家平衡做的都非常好。 AMEX/CITI/CHASE这三家靠换点吃饭的，价值已经无限接近，所以其实就是看哪家的兑现手法比较实用。2.0 Cents Per Point兑现可以打败Bank of America Premium Reward这种无脑一卡流。
1.5 Cents Per Point就不如BOFA省心了, 因为大部分时候你如果不限定商家是可以找到更便宜，更合适的机票和酒店的。如果点数消耗不够快，等于变相无利息贷款给商家。不考虑商务舱/头等舱这种算不上省钱的特殊体验，就是看哪个兑现和Annual Credit你更容易拿:
American Express: Flying Blue, ANA Mileage Club
Capital One: British Airways Operated by American Airline
Chase: Hyatt, Trave Portal Point Boost, United/British Airways
Citi: American Airlines, Avianca Life Miles, Flying Blue
Wells Fargo: Choice Privileges, Avianca Life Miles
这里必须要吹一下改版前的US Bank UAR/Smartly, 等于无脑百分百2.0 Cents Per Point兑现简直太扯了。信用卡公司指望的是大部分用户远远达不到这个兑现率，或者手里握一大堆点数相当于借钱给公司。我Smartly 1.0收到的是Good Letter, 估计还能享受一年半载。
| American Express Green and Blue Business Plus $150/YR | Rate | Spend | Redemption CPP | Value | Redemption CPP | Value |
|---|---|---|---|---|---|---|
| Travel | 3.00% | $20,000 | 1 | $600 | 2 | $1,200 |
| Dining | 3.00% | $15,000 | 1 | $450 | 2 | $900 |
| Everything Else | 2.00% | $65,000 | 1 | $1,300 | 2 | $2,600 |
| Total | $2,350 | $4,700 | ||||
| BOA Premium Reward $95/YR | Rate | Spend | Redemption CPP | Value | Redemption CPP | Value |
| Travel | 3.50% | $20,000 | 1 | $700 | 1 | $700 |
| Dining | 3.50% | $15,000 | 1 | $525 | 1 | $525 |
| Everything Else | 2.63% | $65,000 | 1 | $1,706 | 1 | $1,706 |
| Total | $2,931 | $2,931 | ||||
| BOA Premium Reward Elite $550/YR | Rate | Spend | Redemption CPP | Value | Redemption CPP | Value |
| Travel | 3.50% | $20,000 | 1 | $700 | 1.25 | $875 |
| Dining | 3.50% | $15,000 | 1 | $525 | 1.25 | $656 |
| Everything Else | 2.63% | $65,000 | 1 | $1,706 | 1.25 | $2,133 |
| Total | $2,931 | $3,664 | ||||
| Capital One Venture X and Savor One $395/YR | Rate | Spend | Redemption CPP | Value | Redemption CPP | Value |
| Travel | 2.00% | $20,000 | 1 | $400 | 1.85 | $740 |
| Dining | 3.00% | $15,000 | 1 | $450 | 1.85 | $833 |
| Everything Else | 2.00% | $65,000 | 1 | $1,300 | 1.85 | $2,405 |
| Total | $2,150 | $3,978 | ||||
| Chase Ink Preferred and Freedom Unlimited $95/YR | Rate | Spend | Redemption CPP | Value | Redemption CPP | Value |
| Travel | 3.00% | $20,000 | 1 | $600 | 2.05 | $1,230 |
| Dining | 3.00% | $15,000 | 1 | $450 | 2.05 | $923 |
| Everything Else | 1.50% | $65,000 | 1 | $975 | 2.05 | $1,999 |
| Total | $2,025 | $4,151 | ||||
| Chase Sapphire Reserve and Freedom Unlimited $795/YR | Rate | Spend | Redemption CPP | Value | Redemption CPP | Value |
| Travel | 4.00% | $20,000 | 1 | $800 | 2.05 | $1,640 |
| Dining | 3.00% | $15,000 | 1 | $450 | 2.05 | $923 |
| Everything Else | 1.50% | $65,000 | 1 | $975 | 2.05 | $1,999 |
| Total | $2,225 | $4,561 | ||||
| CITI Premiere + CITI Double Cash $95/YR | Rate | Spend | Redemption CPP | Value | Redemption CPP | Value |
| Travel | 3.00% | $20,000 | 1 | $600 | 1.85 | $1,110 |
| Dining | 3.00% | $15,000 | 1 | $450 | 1.85 | $833 |
| Everything Else | 2.00% | $65,000 | 1 | $1,300 | 1.85 | $2,405 |
| Total | $2,350 | $4,348 | ||||
| Pre-Nerf US Bank Altitude Reserve + US Bank Smartly $400/YR | Rate | Spend | Redemption CPP | Value | Redemption CPP | Value |
| Travel | 4.50% | $20,000 | 1 | $900 | 1 | $900 |
| Dining | 4.50% | $15,000 | 1 | $675 | 1 | $675 |
| Everything Else | 4.00% | $65,000 | 1 | $2,600 | 1 | $2,600 |
| Total | $4,175 | $4,175 | ||||
| Post-Nerf US Bank Smartly Good Letter $0 / YR | Rate | Spend | Redemption CPP | Value | Redemption CPP | Value |
| Travel | 4.00% | $20,000 | 1 | $800 | 1 | $800 |
| Dining | 4.00% | $15,000 | 1 | $600 | 1 | $600 |
| Everything Else | 4.00% | $65,000 | 1 | $2,600 | 1 | $2,600 |
| Total | $4,000 | $4,000 | ||||
| US Bank Smartly v2 or v1 Bad Letter and Altitude Connect $0 / YR | Rate | Spend | Redemption CPP | Value | Redemption CPP | Value |
| Travel | 4.00% | $20,000 | 1 | $800 | 1 | $800 |
| Dining | 2.00% | $15,000 | 1 | $300 | 1 | $300 |
| Everything Else | 2.00% | $65,000 | 1 | $1,300 | 1 | $1,300 |
| Total | $2,400 | $2,400 | ||||
| Wells Fargo Autograph Journey and Active Cash $95/YR | Rate | Spend | Redemption | Value | Redemption | Value |
| Travel | 4.00% | $20,000 | 1 | $800 | 1.6 | $1,280 |
| Dining | 3.00% | $15,000 | 1 | $450 | 1.6 | $720 |
| Everything Else | 2.00% | $65,000 | 1 | $1,300 | 1.6 | $2,080 |
| Total | $2,550 | $4,080 |