Best cash back MasterCard?

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djn12313
 
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Postby djn12313 » Thu Mar 28, 2013 12:13 pm

I was looking for the same thing because Sam's Club (here anyway) doesn't accept anything but Mastercard and I buy a lot of groceries and gas there.

The Capital One 1.5% cash rewards card is also offered as a Mastercard, but carries a $39/annual fee, unlike their similar Visa offering. I didn't want any fees, so kept looking.

Then I stumbled on Bank of America's cash rewards card, which is just a slightly enhanced 1% card, but is offered at zero fees in Mastercard form. They advertise this as a Visa card, so I only found out about the MC option after calling and inquiring. Being a BoA customer, the 10% customer bonus is a nice feature that gets it close to the 1.5% C1 card.

Basically means if you redeem $25 back to your BoA account, they deposit $27.50.

1% cash back on purchases everywhere, every time
2% on groceries and 3% on gas for the first $1500 in combined gas and grocery purchases each quarter
Get a 10% customer bonus when you redeem cash back into a Bank of America® checking or savings account

Anyway, just posting in hopes this might help someone else.


nishant
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Postby nishant » Thu Mar 28, 2013 7:21 pm

Sams club accepts Discover and Master card. In fact Sams club issues Discover card so issue in accepting Discover.

nishant
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Postby nishant » Fri Mar 29, 2013 8:31 am

2% cash back Master Card does not exist. You have couple of options
1) Capital One world master card I have has no annual fee. It gives 1.5% cashback. 1% immediately and balance 0.5% once a year
2) Use Chase Sapphire Master card ( No annual fee) which gives 1% cashback. You can get this card in addition to Chase Sapphire Preferred card. Transfer points to CSP to get effective rate of 1.25%
3) Use Discover IT for 1% cash back and buy discounted gift card- upto 50% to get effective rate of 2% on Discover.

hematino
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Postby hematino » Fri Mar 29, 2013 1:35 pm

nishant wrote:2% cash back Master Card does not exist.


Actually it does, but the one I know about is only for college students or people that were grandfathered in. 1st Financial Bank USA offers cards targeting college students including a Visa Gold and a Platinum Mastercard and both products have the option of being 2% back (in the form of an automatic 2% discount credited to every statement, similar to the PenFed Cash Rewards Visa). I have the Visa version and was grandfathered in, but have read about others online who have the Mastercard version. So to the original poster, if you are a college student you may be able to get this 2% Mastercard. I don't think they will offer it to new customers who aren't students. The bank's customer service isn't always the best though, and they state that if you ever make a single late payment, you will be barred from the rewards forever.
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nishant
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Postby nishant » Fri Mar 29, 2013 3:40 pm

Please post the link for 2% master card to check eligibility

hematino
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Postby hematino » Fri Mar 29, 2013 9:33 pm

I don't have a link for eligibility, but like I said, they only accept college students as new customers. Here is their website though where you can respond to an offer: https://www.1fbusa.com/ccapp/ . I don't know if they accept phone apps, i got in through snail mail back in 2005, but you can always call them and see if you can get a 2% card from them. Their number is 1-800-733-1732, is definitely worth asking a CSR, thats how i got my plain card converted into a 2% card.
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kodi
 
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Postby kodi » Wed Aug 20, 2014 5:55 pm

Money card wrote:I've never heard of a place that only takes mastercard.

Sam's Club in Muskegon will only take Mastercard.

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onion
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Postby onion » Thu Aug 21, 2014 4:28 pm

nishant wrote:2% cash back Master Card does not exist. You have couple of options
1) Capital One world master card I have has no annual fee. It gives 1.5% cashback. 1% immediately and balance 0.5% once a year
2) Use Chase Sapphire Master card ( No annual fee) which gives 1% cashback. You can get this card in addition to Chase Sapphire Preferred card. Transfer points to CSP to get effective rate of 1.25%
3) Use Discover IT for 1% cash back and buy discounted gift card- upto 50% to get effective rate of 2% on Discover.


Arrival+, 2.2% back in points, but he doesn't want a fee which is okay.

What about the Sallie Mae MC?
FICO TU - 728 - 8/14
FICO EX - 716 - 7/14
FICO EQ - 740 - 7/14

Bank of America Cash Rewards - $2,400
Best Buy - $3,000
American Express Blue Cash Everyday - $8,000
American Express Everyday - $10,000
Discover It Chrome - $500 (AU on fiancée's card, helping her build credit)
American Express Platinum - NPSL
Barclaycard Arrival+ - $3,000
Capital One Yamacard - $11,000

supercoolman
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Postby supercoolman » Fri Aug 22, 2014 2:12 am

onion wrote:Arrival+, 2.2% back in points, but he doesn't want a fee which is okay.

What about the Sallie Mae MC?


I thought Barclay arrival can only be redeemed as statement credit on travel expense for 2.2%?

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onion
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Postby onion » Fri Aug 22, 2014 5:50 am

supercoolman wrote:I thought Barclay arrival can only be redeemed as statement credit on travel expense for 2.2%?


That is correct. Their travel categories are even more broad than AmEx though, makes it a pretty great card. I didn't mean that the Arrival Plus is the end all be all rewards Mastercard, but for people who travel it makes life very simple because it's a fixed rate on rewards.
FICO TU - 728 - 8/14

FICO EX - 716 - 7/14

FICO EQ - 740 - 7/14



Bank of America Cash Rewards - $2,400

Best Buy - $3,000

American Express Blue Cash Everyday - $8,000

American Express Everyday - $10,000

Discover It Chrome - $500 (AU on fiancée's card, helping her build credit)

American Express Platinum - NPSL

Barclaycard Arrival+ - $3,000

Capital One Yamacard - $11,000



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