What exactly is a cash back credit card? Could it really save me money?
Yes, cash back credit cards can help you save a few pennies on every dollar you spend. Some cash back rewards cards don't charge an annual fee, while others let you pay a higher fee in exchange for larger rebates. The way you shop and spend can help you choose the best card for your [...]
I want a credit card that gives cash back or rewards for medical expenses, groceries and gasoline
Most rewards credit cards pay at least 1 percent for all eligible purchases, including medical expenses. But the other two categories you mentioned -- gas and groceries -- have spawned major competition among lenders for a space in your wallet. But to your first point:
Rewards for medical expenses?
According to personal finance author Carmen Wong Ulrich, [...]
I'm 19 and in the military, and I want to start building credit. Which credit card would be best?
Q: I want to start building credit by charging my phone, cable, and Internet bill to a rewards credit card. Which credit card would be best? Also, I'm 19 and in the military.
A: First, thanks for everything you're doing to protect us here at home. It's easy to focus on things like credit scores and [...]
What's typically better, cash back or rewards points?
Getting a better deal from a cash back credit card or a rewards credit card depends on your spending patterns and on how you like to treat yourself. You might be surprised to see some "cheesy" looking rewards points programs doling out five to six times the value of a typical cash back rebate.
First, it [...]
I am looking to apply for a credit card where I can add an authorized user with a cap on the limit that the authorized user can use. What are your recommendations?
Q: I am looking to apply for a credit card where I can add an authorized user. In addition, I would like to be able to put a cap on the limit that the authorized user can use. My Experian FICO score is a 693, what are your recommendations?
A: The right credit card offer for [...]
I do not see a review of the Bank of America Cash Rewards card. I was really interested in this card, as I was reading about it on their website.
Q: I do not see a review of the Bank of America Cash RewardsTM Credit Card. I was really interested in this card, as I was reading about it on their website. You get 1 percent on all qualifying purchases, 2 percent for groceries, and 3 percent on gas. This is great for me, since [...]
We are older, and ready to stop earning airline miles. Where can I find a credit card with a picture ID that has some cash back feature?
Q: We are older, and ready to stop earning airline miles. We heard about the Fidelity Rewards program and the Schwab Bank Invest credit cards through the Bottom Line article you wrote. We want a credit card that has a photo ID like the one we have with AA. No one else I can find [...]
I currently have a Visa United Mileage Plus card, but I think I'd get a better deal with a Chase Sapphire Preferred Card. What is the best way to switch and not impact my credit score?
Your tastes and habits change over time, and so should your credit card. However, it's common to worry about the impact on your credit report if you apply for a new account. Take advantage of your current issuer's customer service team and a little-known loophole in common credit score algorithms to hunt for a better [...]
I am a high net-worth person who got by with a debit card for many years, until I realized I had NO credit score and needed a mortgage. We never carry a balance and we travel frequently. Any advice?
Q: I am a high net-worth person who got by with a debit card for many years, until I realized I had NO credit score and needed a mortgage. So, I got a Visa card through my brokerage, with a 2 percent cash back feature. Now that is being taken over by a different company [...]
I have been using a Bank of America Platinum Plus MasterCard since 2006. Should I change my card? Will that affect my 780 credit rating?
Q: I have been using a Bank of America Platinum Plus MasterCard since 2006. With all the credit cards on this website, I wonder if I should change my card. Will that affect my 780 credit rating? And what kind of credit card would be the best for me? I don't spend too much every [...]