$200 reward bonus 2017 cards

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charged
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$200 reward bonus 2017 cards

Postby charged » Wed May 24, 2017 10:21 pm

Yeah so I see that the Barclay Cashforward and the Wells Fargo Cash wise cards are offering $200 cash back if you spend $1k in 3 months, sounds like the best we'd get for no annual fee. Can anyone vouch for them?

Do they let you redeem these cash back rewards for a statement credit? I would think the answer would be yes, but they didn't specify on their sites. I don't like gift cards.

What credit score do they typically approve people at? I'm above 750 but not near 800 yet. All other cards I got I was pre-qualified for so I didn't have to ask.


TXviking
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Re: $200 reward bonus 2017 cards

Postby TXviking » Thu May 25, 2017 12:04 pm

Personally, I don't consider $200 enough :money: to take the inquiry, the application and the hassle of maintaining a credit card I'm otherwise not interested in. I'd much rather apply for a card with a much higher signup bonus; even if it comes with an AF, the signup bonus offsets that for several years. Even there, however, I only app for cards I intend to keep. That's my personal philosophy, YMMV.

If you do choose to take them up on it, a 750 credit score should be enough to get approved for pretty much all "normal" credit cards ("normal" meaning "not invitation-only black cards with a minimum spend of a quarter million".) In short, you should have no trouble getting approved for either of these.

Finally, I'd be very wary of Wells Fargo. Disregarding my personal bad experiences with them, they have been caught engaging in widespread fraud, such as opening millions accounts in customers' names without permission: https://www.fool.com/investing/2016/09/18/dissecting-wells-fargos-fraud.aspx

In short, stay away from Wells Fargo and go for the Barclay option if you're trying to pick between these two.

charged
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Re: $200 reward bonus 2017 cards

Postby charged » Thu May 25, 2017 12:44 pm

TXviking wrote:Personally, I don't consider $200 enough :money: to take the inquiry, the application and the hassle of maintaining a credit card I'm otherwise not interested in. I'd much rather apply for a card with a much higher signup bonus; even if it comes with an AF, the signup bonus offsets that for several years. Even there, however, I only app for cards I intend to keep. That's my personal philosophy, YMMV.

If you do choose to take them up on it, a 750 credit score should be enough to get approved for pretty much all "normal" credit cards ("normal" meaning "not invitation-only black cards with a minimum spend of a quarter million".) In short, you should have no trouble getting approved for either of these.

Finally, I'd be very wary of Wells Fargo. Disregarding my personal bad experiences with them, they have been caught engaging in widespread fraud, such as opening millions accounts in customers' names without permission: https://www.fool.com/investing/2016/09/18/dissecting-wells-fargos-fraud.aspx

In short, stay away from Wells Fargo and go for the Barclay option if you're trying to pick between these two.


The sign up bonus is enough for me because the cards that give more will have higher spending requirements which I might not necessarily meet and I and I am appalled by annual fees. That's good to know though that I should be fine as long as I'm above 750.

I did hear about that Wells Fargo controversy. I don't think they'd pull that stunt again now that they've been caught and people are onto it, but it doesn't help them either.

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CarefulBuilder14
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Re: $200 reward bonus 2017 cards

Postby CarefulBuilder14 » Thu May 25, 2017 12:54 pm

charged wrote:Yeah so I see that the Barclay Cashforward and the Wells Fargo Cash wise cards are offering $200 cash back if you spend $1k in 3 months, sounds like the best we'd get for no annual fee. Can anyone vouch for them?

Do they let you redeem these cash back rewards for a statement credit? I would think the answer would be yes, but they didn't specify on their sites. I don't like gift cards.

What credit score do they typically approve people at? I'm above 750 but not near 800 yet. All other cards I got I was pre-qualified for so I didn't have to ask.

Yes for CashForward. Don't know the WF lineup as well.

"Redeeming cash rewards: You have the option to redeem your cash rewards for a deposit into a U.S. checking or savings account, a statement credit or for gift cards. Cash rewards redemptions start at $50.00."

A 750 sounds quite sufficient, but keep in mind it's the report that counts, as well as your income.

$200 cash is reasonable as a bonus if you don't travel much, don't spend a huge amount, want to avoid AFs, and don't want to bother with hotel and airline points. I travel and don't mind jumping through hoops for a bargain, so I'd expect more. My most similar app was $200 in travel credit for the no-AF Barclaycard Arrival, and I consider that one of my less lucrative choices.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

augiedog
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Re: $200 reward bonus 2017 cards

Postby augiedog » Thu Jul 27, 2017 12:06 am

I got the Wells Fargo Visa Signature two months ago. Apparently you have to wait for the 90 days to be up to get the $200 bonus, but I have already got $50 from the 5x grocery/gas/drugstore bonus. You can redeem for statement credits or checks. Biggest downfall is the need to redeem in $25 increments. It also offers cell phone insurance. Not something I would keep around after all the bonuses are over.
American Express: Blue Cash Everyday (10k), Everyday, ; Discover It (7.3k) ; Target (2.1k)

Citi: Diamond (2k) ; Bank of America: Cash Rewards (2.6k) ; Capital One: Quicksilver (3k) , Sony ; Chase: Freedom (3.7k), Slate (3k), (Amazon) ; Barclay Ring ; Synchrony: Walmart MC, Amazon, Ebates



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