Best cash back MasterCard?

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Coco's daddy
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Best cash back MasterCard?

Postby Coco's daddy » Sat Jan 05, 2013 1:52 pm

I frequent a few merchants who only accept MasterCard. My favorite reward is cash back credited to my account on a monthly basis - I never carry a balance. The last few years, I have enjoyed the Sunoco Platinum MasterCard, which offered 4% cash back on Sunoco gas and 1% cash back everywhere else, but Citi recently canceled this credit card program.

What's the best MasterCard cash back rewards program going these days?

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Mogul of Pineapples
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Postby Mogul of Pineapples » Sat Jan 05, 2013 4:47 pm

There was someone on here recently asking the same thing but for Visa. The merchants you mentioned that only accept MasterCard, do they take Visa too? If they do I would broaden your horizons and give equal weight to both cash back MasterCards and Visa cards. Both are only payment networks and have anything to do with the card other than processing the transactions of their networks.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

Coco's daddy
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Postby Coco's daddy » Sun Jan 06, 2013 7:02 am

Thanks for the suggestion. They only take MasterCard and I have a great VISA card. The best MasterCard I've found so far is from CapitalOne. There seems to be a big gap between MasterCard and VISA programs and I'm wondering if it's only that I'm not aware of some great MasterCard programs?

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best cash back MasterCard

Postby CCG » Sun Jan 06, 2013 8:25 am

Hello and welcome to the forum Coco's daddy!

As you stated at times it can appear there is a gap between Visa and MasterCard cash back programs. This is due to Visa being a larger company with a slightly larger presence in the United States. For decades banks were forced to choose either MasterCard or Visa; as co-issuance was not permitted by either network. Anti-trust and other legal actions changed that and it has only been during the last several years that banks could use both.

In turn you now find most credit card companies offering both, however it doesn't necessarily mean both options are available on a given card.

Since Visa and MasterCard don't issue cards (the banks do) and don't control the reward programs (the banks do) you should choose the card you like best, regardless of whether it's a Visa or MC.

And it will NOT help your credit having both types, because the only thing that shows on your credit report is the name of the bank. For example, if you have the Chase Freedom Visa then all it will say on your report is "Chase Bank Card" so no one except you will know what type of card you have.

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Postby 2percentPlus » Mon Jan 07, 2013 2:46 am

I also need a 2% Cash back mastercard...doesn't seem like one exists.

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Postby mileslover » Tue Jan 08, 2013 9:00 am

Do those beat out the AMEX Plum? That is what I thought was the best.

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Postby Money card » Tue Jan 08, 2013 11:08 am

I've never heard of a place that only takes mastercard.

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Postby bisbicos » Tue Jan 08, 2013 11:18 am

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

I just recently came across one. I tried to pay for an online class at Northern Arizona university. They take Amex, MC, echeck, but no visa
Credit Cards
American Express: Fidelity Rewards (2% cash back) 9.5k
Discover: Discover More (5% rotating categories) 12k
Mastercard: Chase Freedom (5% rotating categories) 4.6k
Visa: Citi Forward (5x pts on restaurants) 15.7k
Citi Dividend (5% rotating categories) 5.6
Capital One Journey (1.25% cash back) 1.25k
BofA AAA (5% on gas) 2.5k
PenFed Platinum Rewards (5% on gas 3% groceries) 7.5k

Future Cards
US Bank Cash +
Chase Ink

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Postby DavidNY » Wed Jan 09, 2013 12:26 pm

Here's why the school doesn't take Visa for tuition:

Why is VISA no longer accepted for tuition and other charges posted to the students account?

VISA’s rules do not permit the university to charge a percentage fee. VISA rules require a flat fee to be charged for all payment types which would include e-Check payments.

Here's an explanation from Wikipedia

The school also says there's a service fee for using credit cards which may negate any rewards.

Jamez Tran
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Postby Jamez Tran » Sun Mar 03, 2013 11:32 pm

Hey, do you guys think that we need a mastercard? And also, would having a mastercard debit or credit card make a difference?

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