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

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

Postby CreditCardGuru » Tue Oct 11, 2016 3:53 pm

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?


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

Postby Vattené » Wed Oct 12, 2016 4:18 pm

It's a solid offering, but I will be passing on it. 5% on dining might have been enough to tempt me.

I'd probably apply if my rewards strategy was strictly cash back optimization, but I'm already splitting my spending between an MR-earning Amex and cash back cards. If I didn't have my EveryDay I'd go for it. It definitely looks like a decent card. The cell phone protection is an interesting perk, but it's secondary to any other insurance, there's a $50 deductible, and the most they'll pay out per claim is $200. It would be nice to have for someone that already found the card useful enough to apply, but it's definitely not a reason to get the card IMO.
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Re: New card for 3% back on dining -- Trio from Fifth Third

Postby CarefulBuilder14 » Wed Oct 12, 2016 4:29 pm

Vattené wrote:It's a solid offering, but I will be passing on it. 5% on dining might have been enough to tempt me.

I'd probably apply if my rewards strategy was strictly cash back optimization, but I'm already splitting my spending between an MR-earning Amex and cash back cards. If I didn't have my EveryDay I'd go for it. It definitely looks like a decent card. The cell phone protection is an interesting perk, but it's secondary to any other insurance, there's a $50 deductible, and the most they'll pay out per claim is $200. It would be nice to have for someone that already found the card useful enough to apply, but it's definitely not a reason to get the card IMO.

Price protection is limited to $250 per claim (mine have been under that so far), but it's still less than Citi's $500.

The real bummer is that it's limited to 4 claims per 12 month period.

I do 4+ claims in a month!

And with only a $100 bonus, this card really doesn't compete.
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Re: New card for 3% back on dining -- Trio from Fifth Third

Postby Bacon » Wed Oct 12, 2016 5:25 pm

Nah, Chase sapphire reserve for dining

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

Postby kdm31091 » Thu Oct 13, 2016 7:28 pm

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.

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

Postby kcm7 » Fri Oct 14, 2016 10:36 am

kdm31091 wrote: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.


I agree. Maximizing everything gets too complicated. I get that it's a fun hobby for some people, but I'd just rather use my 2 cards and then cash out my rewards once a year. Even if that means I'm earning "just" 1 percent on something I could be earning more on. The happiness I get from redeeming $400 worth of rewards I've been building up over a year on my arrival makes me happier than knowing I'm squeezing every cent I can out of every purchase every day.
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Re: New card for 3% back on dining -- Trio from Fifth Third

Postby CarefulBuilder14 » Fri Oct 14, 2016 12:26 pm

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

Postby Vattené » Fri Oct 14, 2016 2:42 pm

I agree to an extent, but if I was just about cash back it would be worth it to me to have a designated card, even if the marginal gain was only 1%, for a large spend category. Those categories would probably only be gas and dining. Sure, if it's something ridiculous like electronic stores or gym memberships it wouldn't be worth it (a grocery card wouldn't be worth it to me, either, because I don't spend much at traditionally-coded grocery stores), but it's cash back so it's not like miles/points where larger volumes are more beneficial or there are concerns about timing when you'd be able to cash out.
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FICO-8:
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Primary Cards:
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Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

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

Postby yfan » Wed Oct 26, 2016 3:45 pm

The Costco Visa gives me 3% cashback on restaurants, so this is not exactly enticing. Also, my restaurant spend is becoming progressively less major. I still go out, but most of my meals are cooked at home, and I almost always pack lunch. That's quite a bit more savings than any card's category cashback would ever net. But as a result, my grocery spending is up (not nearly enough to make up for the lower restaurant spend though) and my credit union card and the BCE work well for that when I'm not shopping at Costco.

Speaking of Costco, they also tend to have some great (and greatly discounted) restaurant gift cards which I use a few of.

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

Postby augiedog » Wed Oct 26, 2016 5:06 pm

Just got an offer in the mail for $150 cash back on first $500 spend. Decent enough offer for some rewards churning.
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