US Bank CASH+ 5% Back on Restaurants Changed to 2%

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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solomon
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Postby solomon » Tue Dec 09, 2014 4:12 pm

@popamode72 I want the AMEX Blue Cash Preferred because of the 6% groceries, but I honestly do not think I circulate that much money through my card for it to be worth my $75 AF.

My US Bank Cash+ card was my meal card.
MC Citi Dividends WE - CLI 4/31/16
V US Bank Cash+ - CLI 05/31/16
V US Bank Platinum - CLI 12/24/14
AXP Blue Cash Everyday - CLI 5/31/16
MC Sam's Club - 03/04/15
DFS It - CLI 05/31/16
V Chase Freedom - CLI 6/17/15
CSP - 06/02/16
C Slate - 06/02/16
BAC Cash Rewards - 10/7/16

popamode72
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Postby popamode72 » Tue Dec 09, 2014 4:23 pm

solomon wrote:@popamode72 I want the AMEX Blue Cash Preferred because of the 6% groceries, but I honestly do not think I circulate that much money through my card for it to be worth my $75 AF.

My US Bank Cash+ card was my meal card.


Have you looked into the Chase AARP card? That card has 3x points on gas and restaurants and there's no cap on the points either. Sure, it's not the 5% that US Bank used to have, but I personally really like the card a lot. It's become one of my main cards that I frequently use now. Also no AF on this card and you don't have to be an AARP member to get approved either. Comes with a similar sign up bonus to the Freedom as well.

Discover It chrome is just a 2% cashback card with a cap on up to 1000 dollars in purchases each quarter so I don't think you'd be interested in that one.

Barclays Arrival Plus has 2x miles on gas and restaurants if you're interested in having a travel card but that one has an AF.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

solomon
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Postby solomon » Tue Dec 09, 2014 7:17 pm

@popamode72 Thanks for the suggestions of the Chase AARP card.

I really liked the US Bank Cash+ Card. My original settings were: 2% Groceries, 5% Restaurants, 5% Movies.
-They also have a 5% fast food, but I don't ever eat fast food and I ask shouldn't fast food be considered restaurants, anyways? Loop poles, and these credit card companies are smart. A bit too smart. But cash is still king and I am sure I can save more money just by using cash like a normal person than I would from 5% cash back.

The 2% groceries for the Cash+ can be replaced by the AMEX Blue (No AF) card which returns 3% back on groceries, but with the Blue Cash Preferred ($75 AF) returns with a WHOPPING 6% cash back up to $6,000. But I would have to circulate at least $1250/per year at the groceries to breakeven with the $75 AF.

These cash back ideas are cool and a privilege, but if you really think about it, it's just a gimmick when you could save lots more money either by just not using it or paying cash.

popamode72 wrote:Have you looked into the Chase AARP card? That card has 3x points on gas and restaurants and there's no cap on the points either. Sure, it's not the 5% that US Bank used to have, but I personally really like the card a lot. It's become one of my main cards that I frequently use now. Also no AF on this card and you don't have to be an AARP member to get approved either. Comes with a similar sign up bonus to the Freedom as well.

Discover It chrome is just a 2% cashback card with a cap on up to 1000 dollars in purchases each quarter so I don't think you'd be interested in that one.

Barclays Arrival Plus has 2x miles on gas and restaurants if you're interested in having a travel card but that one has an AF.
MC Citi Dividends WE - CLI 4/31/16
V US Bank Cash+ - CLI 05/31/16
V US Bank Platinum - CLI 12/24/14
AXP Blue Cash Everyday - CLI 5/31/16
MC Sam's Club - 03/04/15
DFS It - CLI 05/31/16
V Chase Freedom - CLI 6/17/15
CSP - 06/02/16
C Slate - 06/02/16
BAC Cash Rewards - 10/7/16

jeffysdad01
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Postby jeffysdad01 » Tue Dec 09, 2014 7:41 pm

Charge everything and get the points/cashback. Cash is for losers.

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otter
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Postby otter » Tue Dec 09, 2014 8:33 pm

The PayPal Extras Mastercard gives 3X the points on restaurant purchases, but it is really tricky... expect it to be more like 2.6% when redeemed for a statement credit. At one time, this card was my go to card, but there are so many hassles associated with the card that it became not worth the hassle anymore. On the plus side:

  • It gives generous CLI's- Even if you don't use the card, CL's can be generous. I went from 3k to almost 10k in less than 6 months.
  • There are special statement credits at random times. Things like "Use your card three times between January 24th and February 3rd and receive a $10 statement credit. I probably racked up at least 4 of those deals in 6 months.
  • If you are into the PayPal/E Bay ecosystem it may work well for you. I've never been a big fan of PayPal and only used E Bay sporadically, but some people live in that world.

And the bad? There's a lot which is why I no longer hold the card:
  • It has terrible service Yes it is a GE credit card(or whatever they are called this week) so you expect bad service, but these are the bottom of the GE CSR barrel. Even Capital One wouldn't touch these Bangedeshi CSR's.
  • The user interface for PayPal is terrible, especially with the Mastercard Like I said above, if you like the PayPal interface, you might not be bothered by it. But the way PayPal integrates the Extras Mastercard into the UI, it is extremely confusing even after six months of navigating it.
  • Payment issues 99% of the time when I go to credit card review websites and I see users bitching about making a payment on time and being charged a late fee, I take the post with a grain of salt because most of those people are used to paying cable/utility bills a day late and not being tagged with a late fee. They don't understand the credit card world is less forgiving. When I see people who complain about PayPal doing it, I do believe it though. This was my typical month with PayPal: I'd navigate the uber-confusing PayPal interface for fifteen minutes trying to find the right way to pay from my bank account- usually doing so within a week after the statement posted. I'd finally make the payment. Within five minutes, the payment would post on the bank website. Good, you're probably thinking- it'll post to your PayPal account quickly.Um... no. If you're lucky it will post a week later. There were times when it would post a day before it was due. I'd call and the CSR would tell me there was an ongoing issue with that, but don't worry if I was hit with a late fee, it would quickly be reversed. I never had a "late fee" applied but I was sick of sweating bullets close to the due date when I didn't have to do that with anyone else- if I pay my Chase or Amex bill on the due date, I know it will be applied that day (not that I usually wait that long but it's comforting knowing I have that option).

    And so I said goodbye to PayPal, but it was my high limit card for a while...
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

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lobbythis
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Postby lobbythis » Tue Dec 09, 2014 9:11 pm

solomon wrote:it's just a gimmick when you could save lots more money either by just not using it or paying cash.


That makes no sense.

popamode72
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Postby popamode72 » Tue Dec 09, 2014 10:20 pm

Speaking of Synchrony cards, the Sam's Club MC also comes with 3% cashback on restaurants and 5% on gas (for this category though, only the first 6000 dollars you spend for the year will be covered). Whatever you've earned from that they will send you a check in the mail.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

Ghoshida
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Postby Ghoshida » Wed Dec 10, 2014 1:21 am

solomon wrote:@popamode72 I want the AMEX Blue Cash Preferred because of the 6% groceries, but I honestly do not think I circulate that much money through my card for it to be worth my $75 AF.

My US Bank Cash+ card was my meal card.


If you are looking at groceries (and gas, and books / Amazon) cashback, may I suggest (seeing that others haven't) the Sallie Mae Master Card? It gives 5% CB on first $250 of gas, $250 of groceries, and $750 of books (Amazon is considered books) every month, then 1%. Also 1% on everything else. It has no fee. Plus, unlike AMEX, you can see your cashback immediately and not after 2 statements. Finally, Target and specialty (Asian/Indian) grocery stores are legit for 5% cashback, while AMEX doesn't consider them eligible in most cases.
AMEX BCE | PRG || Barclaycard Sallie Mae || Capital One QuickSilver | Venture || Chase Freedom | Sapphire Preferred || Citi Dividend || Discover It || UFCU Great Rate || US Bank Cash+ #1 | Cash+ #2 | Club Carlson Plat | REI || Total CL $144.2k + PRG NPSL, not counting AU


solomon
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Postby solomon » Wed Dec 10, 2014 6:05 am

I saw this card. I wonder whether it's only 5% gas at Sams pumps, though.

popamode72 wrote:Speaking of Synchrony cards, the Sam's Club MC also comes with 3% cashback on restaurants and 5% on gas (for this category though, only the first 6000 dollars you spend for the year will be covered). Whatever you've earned from that they will send you a check in the mail.
MC Citi Dividends WE - CLI 4/31/16
V US Bank Cash+ - CLI 05/31/16
V US Bank Platinum - CLI 12/24/14
AXP Blue Cash Everyday - CLI 5/31/16
MC Sam's Club - 03/04/15
DFS It - CLI 05/31/16
V Chase Freedom - CLI 6/17/15
CSP - 06/02/16
C Slate - 06/02/16
BAC Cash Rewards - 10/7/16


solomon
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Postby solomon » Wed Dec 10, 2014 6:08 am

Quote Originally Posted by solomon View Post
it's just a gimmick when you could save lots more money either by just not using it or paying cash.

lobbythis wrote:That makes no sense.


It does make sense...

Say your meal is $10

Okay, are you going to save more money by 5% cash back at .50 cents cash back?

Or are you going to save more money by not purchasing the Coca-Cola for $1.95?

These 5% cash backs are incentives to get you to buy more to 'earn' more. But in actuality, you save more just by not spending it.
MC Citi Dividends WE - CLI 4/31/16
V US Bank Cash+ - CLI 05/31/16
V US Bank Platinum - CLI 12/24/14
AXP Blue Cash Everyday - CLI 5/31/16
MC Sam's Club - 03/04/15
DFS It - CLI 05/31/16
V Chase Freedom - CLI 6/17/15
CSP - 06/02/16
C Slate - 06/02/16
BAC Cash Rewards - 10/7/16


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