- Centurion Member
- Posts: 257
- Joined: Sun Oct 14, 2012 10:22 pm
- Location: California
Which cards would those be? Please don't assume that everyone knows what you are talking about.
EDIT: Are you talking about this blog post? (below) If so, there's only one real option on this page (i.e. Fidelity).Current 2% Cash Back Credit Card Offers 2013
There is one more catch with the Nasa card. The cash back reward is annual, meaning that you get money in your account after every 12 months. If you like the idea of forced savings, this isn't a bad thing. Most of do a version of this every year around tax time since we usually don't do enough exemptions with guarantees us some kind of tax refund at year's end.
1st Financial Bank Platinum Visa from http://www.1fbusa.com
(they don't list products online, so call for an invite)
About Gift Cards: I can see the theory in getting 4% back this way. I would do it if I spent more money outside of what I could find a 5% card for, but its a lot less hassle (with the card on autopay and paperless statements, esp. when you're already carrying around 4+ CCs to hit all the possible 5% categories and maximize rewards) to have one extra card than it is to constantly sink $500 intervals into less than liquid gift cards (that have some risk for merchant gift cards and I know some of the cash equivalents can be withdrawn at face value, but not all and it requires greater distribution of money than keeping it in a savings to earn interest and pay the bills when they're due from the same source), require split payments when the balance gets low in order to clean it off, or to make big ticket purchases, travel to the store that sells the gift card you want and is also coded in a way that gets you the 5%+ reward in order to make up for the service fee at $500 + net 4%, etc. If you didn't have the excess cash, it could be a problem to need to load $500 in advance in order to get the proper rate (not the case with many people, but also is the case for some) for whatever sized purchase.
Also, Cashback, not all merchants have gift cards, let alone at large denominations that happen to be sold at a place where you can get 5+% back.
Sole Ownership Cards:
1st Financial Bank Platinum Student Visa, $500 CL, Open Since 3/2012
Citi Forward Student Visa, $6k CL, Open Since 10/2012
Costco TrueEarnings Amex, $6k CL, Backdates to 1/2012
SallieMae Rewards Barclay Mastercard, $2.5k CL, Open Since 4/2013
Jointly Owned Cards (co-owner with mom, not AU, used and paid only by me):
Chase Amazon Rewards Visa Signature, $2k CL, Open Since 8/2012
US Bank Cash+ Visa Signature, $13.5k CL, Open Since 10/2012
Authorized User (Parents Pay/Use)
Costco TrueEarnings Amex $29.4k CL, AU since 11/2012