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Each of the four major credit card payment platforms (Visa, MasterCard, Discover and American Express) carries different perks and policies. Even though Visa and MasterCard often appear interchangeable, you may be drawn to some of Visa's enhanced purchase protection and fraud prevention benefits. Here's a couple cash back credit cards bearing the Visa logo you may be interested in:
- Chase Freedom®. Chase's flagship cash back reward cards lands at the top of our list because of its signup offers. Although bonuses fluctuate new cardholders can earn a $100 bonus after spending just $500 on purchases in their first three months from account opening with the card. New cardholders can also earn a $25 bonus after they add their first authorized user and make a purchase within this same 3-month period. This card also earns you 1 percent on all of your purchases, with no limits. Special bonus categories that change every quarter give you the chance to earn 5 percent cash back on up to $1,500 in combined purchases. You need to activate your bonus categories each quarter to be eligible to earn the 5 percent cash back in the changing categories.
- PenFed Platinum Cash Rewards Visa® Card. If you have excellent credit and you spend lots of money on gas, going the extra mile for this cash back credit card will earn you some big rebates. Pentagon Federal Credit Union Plus version of the card offers 5 percent cash back on "pay at the pump" gasoline purchases. To qualify for the Plus version of this card you will need a qualifying PenFed product such as a money market savings account or a personal line of credit. While the Standard version of the card will allow you to earn 3 percent cash back on purchases paid at the pump. The Standard Card has an introductory annual fee of $0 for the first year, then the annual fee is $25. Fuel purchases for airplanes and boats are not eligible for cash back rewards with either the Plus or Standard version of the card. A one-time fee to an approved organization will work toward establishing membership in the credit union if you're not already part of a qualifying military family. However having a PenFed membership will not guarantee you will get this credit card, you still need to submit an application for consideration. Before you apply review the offer terms and conditions and any limitations that apply.
Remember, cash back reward programs change often, as do payment platform affiliations. Banks have already shown us that they're willing to switch from one branded network to another, so always check the latest pricing and terms (the "Schumer box") before you apply for a credit card.