New card for 3% back on dining -- Trio from Fifth Third

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Vattené
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Re: New card for 3% back on dining -- Trio from Fifth Third

Postby Vattené » Thu Oct 27, 2016 2:13 pm

That is a great bonus for a cash back, no-AF card. Do you see yourself keeping it beyond the bonus and actually using it for your restaurant spending?
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Re: New card for 3% back on dining -- Trio from Fifth Third

Postby augiedog » Thu Oct 27, 2016 2:57 pm

Vattené wrote:That is a great bonus for a cash back, no-AF card. Do you see yourself keeping it beyond the bonus and actually using it for your restaurant spending?


I honestly don't because that's not a huge spend category for me since I mostly eat at home. The Chase Freedom and Discover It rotating categories cover most of my restaurant spending. Lately the Amex shop small bonus has gotten me some extra cash back at my local restaurants too.
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Re: New card for 3% back on dining -- Trio from Fifth Third

Postby Vattené » Fri Oct 28, 2016 11:20 am

I get that. When you can earn 1.5% cash on everything, the most you'll come out ahead with using it as a category card is just 1.5%. When you throw in a Freedom and an It, it will take a long time to accumulate much and I don't know if I would find it worth the trouble either. It's an easy 150 bucks, though.
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Re: New card for 3% back on dining -- Trio from Fifth Third

Postby mountaindewvoltage » Fri Oct 28, 2016 1:27 pm

CreditCardGuru wrote:We just posted a review for the new Trio card from Fifth Third: blog/fifth-third-bank-trio-card-review/

It's good to have another 3 percent option on dining -- but is anyone that excited about it?


My Navy GoRewards has 3x on dining and fast food, plus 2x on gas, and it's on unlimited spending.

This card is nothing special. 2% and 3% categories capped at $500 spending per month. I'd rather just have my GoRewards and combine it with my DiscoverIt.

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Re: New card for 3% back on dining -- Trio from Fifth Third

Postby mountaindewvoltage » Fri Oct 28, 2016 1:36 pm

CarefulBuilder14 wrote:
kdm31091 wrote:As I've often repeated about the AARP card, and now this one, the problem is that if you are someone who just wants to use a small set of cash back cards, you're probably better off with a flat 2% card unless your spend in the 3% category is truly huge. There's only so much money one can spend on dining so for most people I would think the flat 2% is better.

If you're an optimizer with many cards, the problem then becomes that your spend is diluted and that extra 1% on dining when you aren't using one of your other dozen cards is unlikely to be a lot of money.

3% on dining is nice and relatively rare, but is it super exciting? I'd say no.

And even then, the 2% and 3% categories are capped on this.

Capping 2% categories does seem to be ridiculous, but to be fair, Discover Chrome does that, too. Discover Chrome at least presents itself as a student card, and not for mature profiles.


That's exactly why I think the Bank of America Cash rewards card sucks.

3% on gas, 2% on grocery store purchase. So in other words you get capped 3% on something most people spend $30 a week on, and the other category is redeemed for $100 a week in spend for most people (capped 2% grocery stores). So your bonus categories will net you $0.90 + $2.00 a week totaling $11.60 a statement period if you match that spend. How generous of BoA to offer capped bonus categories where you spend little money.

Bank of America really needs to come out with some better credit cards.

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Re: New card for 3% back on dining -- Trio from Fifth Third

Postby Tubpbs » Fri Oct 28, 2016 9:23 pm

Maybe you spend $30 a week on groceries. Plenty of people spend hundreds of dollars a week on groceries..
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Re: New card for 3% back on dining -- Trio from Fifth Third

Postby kdm31091 » Sat Oct 29, 2016 12:12 pm

mountaindewvoltage wrote:
CarefulBuilder14 wrote:
kdm31091 wrote:As I've often repeated about the AARP card, and now this one, the problem is that if you are someone who just wants to use a small set of cash back cards, you're probably better off with a flat 2% card unless your spend in the 3% category is truly huge. There's only so much money one can spend on dining so for most people I would think the flat 2% is better.

If you're an optimizer with many cards, the problem then becomes that your spend is diluted and that extra 1% on dining when you aren't using one of your other dozen cards is unlikely to be a lot of money.

3% on dining is nice and relatively rare, but is it super exciting? I'd say no.

And even then, the 2% and 3% categories are capped on this.

Capping 2% categories does seem to be ridiculous, but to be fair, Discover Chrome does that, too. Discover Chrome at least presents itself as a student card, and not for mature profiles.


That's exactly why I think the Bank of America Cash rewards card sucks.

3% on gas, 2% on grocery store purchase. So in other words you get capped 3% on something most people spend $30 a week on, and the other category is redeemed for $100 a week in spend for most people (capped 2% grocery stores). So your bonus categories will net you $0.90 + $2.00 a week totaling $11.60 a statement period if you match that spend. How generous of BoA to offer capped bonus categories where you spend little money.

Bank of America really needs to come out with some better credit cards.


BOA has never really been innovative with their cards. I don't see them coming along with anything groundbreaking.

If you invest a lot with them, you boost the cards to respectable reward levels. On their own, no, they are not terribly exciting, although the Bank Amerideals program is sometimes nice.

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Re: New card for 3% back on dining -- Trio from Fifth Third

Postby mountaindewvoltage » Sat Oct 29, 2016 1:47 pm

Tubpbs wrote:Maybe you spend $30 a week on groceries. Plenty of people spend hundreds of dollars a week on groceries..


$30 a week on gas, read it again. I said $100 a week on groceries.

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Re: New card for 3% back on dining -- Trio from Fifth Third

Postby mountaindewvoltage » Sat Oct 29, 2016 1:50 pm

KDM,

They should take some tips from Chase. If you're the second biggest bank in the nation that touts top tier checking accounts, investments, etc., then you should have premium and mid-level credit cards.

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Re: New card for 3% back on dining -- Trio from Fifth Third

Postby CarefulBuilder14 » Sat Oct 29, 2016 2:34 pm

kdm31091 wrote:If you invest a lot with them, you boost the cards to respectable reward levels. On their own, no, they are not terribly exciting, although the Bank Amerideals program is sometimes nice.

It depends on what you have in assets vs. how much you spend. It takes a lot of spend in one year to make a little extra cash back exceed the value of a brokerage bonus.

$100k at Fidelity for 9 months got me 50k miles with no CC. $100k at BofA would get me like an extra 1.1% in rewards on a few thousand in likely spend if I had a BofA card. So that would be maybe an extra $100 dollars
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