Best Cash Back Credit Card Rebate Program?
Guest: Board Monitor
Board Monitor/ Administrator
Post subject: Best Cash Back Credit Card Rebate Program?
Posted: Tue Oct 05, 2004 12:28 pm
This message posted by e-mail request from one of the visitors to our site:
We are retired and use our credit cards for everything except groceries. We pay our balance off each month. We now have a Discover Platinum ( cash back bonus) 1% and a Bank of America Platinum Visa with nothing back. Do not need auto, airplane discounts etc. Which card would you suggest using for just the best CASH return, no annual charge, no points for merchandise, no tier rebates just straight cash rebate % and no max. rebate in any calendar year.
Your thoughts?
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Curtis Arnold
Board Monitor
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Guest: stevejk
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Thu Oct 14, 2004 1:13 pm
Here's my $0.02 worth on non-tiered rewards cards...
1. Citi Dividend Platinum Select. 5% cash back on purchases at grocery stores, gas stations, and [stand alone] pharmacies. 1% cash back on all other purchases. Reward payable in $50 or $100 increments, or accrued reward on 31 December. Con: maximum $300 cash back reward per calendar year.
2. Chase PerfectCard. 3% cash back on gasoline purchases. 1% cash back on all other purchases. Pro: accumulated reward paid each month. Don't think it has an annual limit. Con: must make 9 purchases per year to avoid $19 annual fee.
3. Bank One Free Cash Rewards. 1% cash back on all purchases. Reward payable in $25 increments. Con: maximum $600 cash back reward per calendar year.
Full Disclosure: I have no pecuniary interest in any of the companies listed. I am just a (reasonably) satisfied customer. For those of us who pay in full every month and send payments electronically (no checks lost in mail), the interest rate is of no concern to us. If this is not you, then these cards may not be for you.
An honorable mention, if only because it is the only card accepted at Sam's Club, is the Discover Gasoline Rewards card. Although this is a tiered reward, the reward structure is the opposite of their regular cards. That is, the 5% gas/1% all other rebate is for the first $1500 in purchases. The second $1500 in purchases receive 3% gas/0.5% all other rebate. Over $3000 in purchases receive 1% gas/0.25% all other rebate. The cash back award payable in $20 increments.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: guessindigo
Credit Expert (100+ Posts)
Posted: Fri Oct 15, 2004 10:39 am
If you have the financial resources and charge alot (7-10K), then blue cash is very tough to beat.
Since your retired, you may have limited $$$$ and in that case for moderate charges throughout the year, then Citi Dividend is the card for you.
I personally advise against Discover, but if it works for you, then go for it.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: sage
Posted: Sat Nov 13, 2004 11:01 pm
As a retired couple, perhaps a 529 rewards card for grandkid's college fund should be considered. The Fidelity/MBNA pays a flat 2% on all purchases up to $1500/year reward maximum ($75,000 purchases.)
No fee; 25-dy grace period. My card of choice.
_________________
HELOC Resources
529 Plan - Rewards - Maximize College Savings
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Board Monitor/ Administrator
Post subject: Best Cash Back Credit Card Rebate Program?
Posted: Tue Oct 05, 2004 12:28 pm
This message posted by e-mail request from one of the visitors to our site:
We are retired and use our credit cards for everything except groceries. We pay our balance off each month. We now have a Discover Platinum ( cash back bonus) 1% and a Bank of America Platinum Visa with nothing back. Do not need auto, airplane discounts etc. Which card would you suggest using for just the best CASH return, no annual charge, no points for merchandise, no tier rebates just straight cash rebate % and no max. rebate in any calendar year.
Your thoughts?
_________________
Regards,
Curtis Arnold
Board Monitor
http://www.CardRatings.com
20K+ Credit Card Reviews
Sign up for our free monthly e-mail newsletter!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: stevejk
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Thu Oct 14, 2004 1:13 pm
Here's my $0.02 worth on non-tiered rewards cards...
1. Citi Dividend Platinum Select. 5% cash back on purchases at grocery stores, gas stations, and [stand alone] pharmacies. 1% cash back on all other purchases. Reward payable in $50 or $100 increments, or accrued reward on 31 December. Con: maximum $300 cash back reward per calendar year.
2. Chase PerfectCard. 3% cash back on gasoline purchases. 1% cash back on all other purchases. Pro: accumulated reward paid each month. Don't think it has an annual limit. Con: must make 9 purchases per year to avoid $19 annual fee.
3. Bank One Free Cash Rewards. 1% cash back on all purchases. Reward payable in $25 increments. Con: maximum $600 cash back reward per calendar year.
Full Disclosure: I have no pecuniary interest in any of the companies listed. I am just a (reasonably) satisfied customer. For those of us who pay in full every month and send payments electronically (no checks lost in mail), the interest rate is of no concern to us. If this is not you, then these cards may not be for you.
An honorable mention, if only because it is the only card accepted at Sam's Club, is the Discover Gasoline Rewards card. Although this is a tiered reward, the reward structure is the opposite of their regular cards. That is, the 5% gas/1% all other rebate is for the first $1500 in purchases. The second $1500 in purchases receive 3% gas/0.5% all other rebate. Over $3000 in purchases receive 1% gas/0.25% all other rebate. The cash back award payable in $20 increments.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: guessindigo
Credit Expert (100+ Posts)
Posted: Fri Oct 15, 2004 10:39 am
If you have the financial resources and charge alot (7-10K), then blue cash is very tough to beat.
Since your retired, you may have limited $$$$ and in that case for moderate charges throughout the year, then Citi Dividend is the card for you.
I personally advise against Discover, but if it works for you, then go for it.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: sage
Posted: Sat Nov 13, 2004 11:01 pm
As a retired couple, perhaps a 529 rewards card for grandkid's college fund should be considered. The Fidelity/MBNA pays a flat 2% on all purchases up to $1500/year reward maximum ($75,000 purchases.)
No fee; 25-dy grace period. My card of choice.
_________________
HELOC Resources
529 Plan - Rewards - Maximize College Savings
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 6:37 PM
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