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 have earned as much as $200 in bonus rebates after spending just $500 in their first three months with the card. 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 up to 5 percent cashback on up to $1,500 spent. You need to activate your bonus categories each quarter.
- 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. 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.