Cash Back Credit Card Review
Author: christopher
Posted: Thu May 11, 2006 1:46 pm
Post subject: Looking for cash back with service to replace Capital One
Just cancelled my Cap 1 visa. I have good credit and high limits on discover and did have on Cap 1 visa.
We had computer issues and paid our bill on line 3 hours late. Cap 1 charges fees on balances for 2 months following a mistake. Customer service was snotty. Paid the fees the first month and paid balance as soon as I got the bill. Second month they hit me with another $0.50. When I called, they refused to remove it from my bill. That's it. I'm done.
I do most of my purchases with Discover but some places don't take that, so I'd like to get another Visa/Master Card (preferably Visa). Would like cash back. I don't carry balances (except ones in last 5 years when computer caused 3 hour delay) so interest rate really isn't an issue. I do expect to be treated like a human though.
Any ideas?
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Author: quiznut1
Posted: Thu May 11, 2006 3:19 pm
Post subject:
I've heard a lot of people talk about bad experiences with Capital One, so here's my 2 cents.
A very good cash back card is the Citi Dividend Platinum Select. I have held with them for a little over a year now without any problems, and I've paid my bill online too. The cash back is what I love about this card, 5% on gas, groceries, and drugstore purchases, and 1% on everything else, up to $300 in calendar yearly rebates. Rebates do not expire, and once you reach $50 in rebates, you can request a check online via account access or call them.
Another good card is the Chase Rewards Plus Mastercard. Also, 5% cash back on gas, groceries, drugstore, and 1% on everything else, up to $750 in rebates per calendar year ($600 cash, $150 in gift cards, etc...). Chase uses a points system, so it's 5 points per dollar on gas, grocery, drugstore, 1 point per dollar for everything else. 10,000 points equals a $100 check, which you can redeem via www.choosemyrewards.com. You just enroll your card there. I would recommend redeeming at 10,000 points because 3,500 points = $25 check, and 6,000 points = $50 check. Points also expire in 5 years, but that shouldn't be a problem.
Another card to think about is the Fidelity Investment Rewards Mastercard, which is 1.5% cash back on every purchase, but you must have a Fidelity account to obtain this card. Also the Fidelity 529 card, which is 2% cash back deposited into a 529 plan.
Finally, the Bank of America Power Rewards card, which is 1 point for every dollar you spend, no limit to the amount of points you can earn in a year. If you can earn 30,000 points, you will earn a $450 statement credit, which is 1.5% cash back, or 50,000 points is a $1,000 statement credit. Only thing is, points expire in 5 years, so you really have to work your way up there, as even 20,000 points is a $200 statement credit, only 1% cash back.
Hope this helps.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Thu May 11, 2006 1:46 pm
Post subject: Looking for cash back with service to replace Capital One
Just cancelled my Cap 1 visa. I have good credit and high limits on discover and did have on Cap 1 visa.
We had computer issues and paid our bill on line 3 hours late. Cap 1 charges fees on balances for 2 months following a mistake. Customer service was snotty. Paid the fees the first month and paid balance as soon as I got the bill. Second month they hit me with another $0.50. When I called, they refused to remove it from my bill. That's it. I'm done.
I do most of my purchases with Discover but some places don't take that, so I'd like to get another Visa/Master Card (preferably Visa). Would like cash back. I don't carry balances (except ones in last 5 years when computer caused 3 hour delay) so interest rate really isn't an issue. I do expect to be treated like a human though.
Any ideas?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: quiznut1
Posted: Thu May 11, 2006 3:19 pm
Post subject:
I've heard a lot of people talk about bad experiences with Capital One, so here's my 2 cents.
A very good cash back card is the Citi Dividend Platinum Select. I have held with them for a little over a year now without any problems, and I've paid my bill online too. The cash back is what I love about this card, 5% on gas, groceries, and drugstore purchases, and 1% on everything else, up to $300 in calendar yearly rebates. Rebates do not expire, and once you reach $50 in rebates, you can request a check online via account access or call them.
Another good card is the Chase Rewards Plus Mastercard. Also, 5% cash back on gas, groceries, drugstore, and 1% on everything else, up to $750 in rebates per calendar year ($600 cash, $150 in gift cards, etc...). Chase uses a points system, so it's 5 points per dollar on gas, grocery, drugstore, 1 point per dollar for everything else. 10,000 points equals a $100 check, which you can redeem via www.choosemyrewards.com. You just enroll your card there. I would recommend redeeming at 10,000 points because 3,500 points = $25 check, and 6,000 points = $50 check. Points also expire in 5 years, but that shouldn't be a problem.
Another card to think about is the Fidelity Investment Rewards Mastercard, which is 1.5% cash back on every purchase, but you must have a Fidelity account to obtain this card. Also the Fidelity 529 card, which is 2% cash back deposited into a 529 plan.
Finally, the Bank of America Power Rewards card, which is 1 point for every dollar you spend, no limit to the amount of points you can earn in a year. If you can earn 30,000 points, you will earn a $450 statement credit, which is 1.5% cash back, or 50,000 points is a $1,000 statement credit. Only thing is, points expire in 5 years, so you really have to work your way up there, as even 20,000 points is a $200 statement credit, only 1% cash back.
Hope this helps.
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 1:07 PM
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