Best VISA to supplement an Amex

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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UPS Gregg
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Best VISA to supplement an Amex

Postby UPS Gregg » Sat Jan 28, 2012 8:18 pm

I'm looking for a VISA to supplement my USAA Amex. Just on purchases where Amex isn't accepted. I want one with a good rewards program. I'm not interested in airline rewards. Just straight cash rewards, gift cards, etc.. Any suggestions?
Current FICO: 805 (Equifax)

Current Cards:

*USAA Platinum MasterCard CL-$1,000.00
*USAA Signature Visa Card CL-$15,000.00
*USAA Rewards Amex CL-$15,000.00
*HSBC Best Buy Card CL-$3,300.00
*Amex Macy's CL-$8,000.00
*JPMorgan Chase Marriott Rewards Premier Visa Signature CL-$20,000.00


CC Deville
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Postby CC Deville » Sat Jan 28, 2012 8:44 pm

You can't go wrong with Chase Freedom. 1% cash back on everything all the time with quarterly 5% bonus offers up to $1,500 spend (meaning you earn 5% up to $1,500 on your spend). Search the web to see if you can find some of their sign up bonuses which at one point was up to $200 after the first purchase. Citibank also offers a cash back card called Dividend which works exactly like the Chase Freedom (but usually with slightly different 5% offers for instance, right now Freedom is offering 5% on gas and Dividend is offering 5% on health clubs and utilities) and there is also the new BofA BankAmericard Cash Rewards Visa that gives 1% on everything, 2% on groceries and 3% on gas. No sign up required and no rotating bonus catagories. The best overall is the Chase Freedom-another benefit is if you have Chase checking, you earn more on your Freedom. I should also mention that Freedom actually earns what they call Ultimate Rewards points. You can redeem the Ultimate Rewards points for cash or gift cards etc. If you have good credit you will likely be approved for the Signature or World version of each card. Chase and Citibank report the credit lines whereas BofA reports only the high balance as the credit line. Not sure if that is important to you but a lot of people here get their panties in a bunch over cards that don't report the credit lines. In reality, cards that don't report credit lines don't really impact your utilization.

Of course, if you are only using it as backup, you probably will not reap the benefits from any of these cards as you would be using your Amex most often. All of these cards only allow you to redeem the cash in intervals of $50. The only place I find that Amex isn't accepted is fast food restaurants and the hair cut place-so a Visa Debit or Debit MasterCard may be a better choice for you.

jeffysdad
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Postby jeffysdad » Sat Jan 28, 2012 9:26 pm

I 2nd the vote for Chase Freedom. As CCD says, you won't be using this card much as Amex is accepted nearly everywhere. However, with C Freedom's rotating 5% cashback you will surely earn enough for a couple $20 cash redemptions per year if you take advantage of the 5% when it works in your favor.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

UPS Gregg
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Postby UPS Gregg » Sun Jan 29, 2012 9:48 am

I eat lunch at those fast food restaurants while I'm working so that's where most of my VISA usage would be. I was hoping to maybe let the points accumulate over two or three year periods before cashing in since it really wouldn't be that much.
Current FICO: 805 (Equifax)

Current Cards:

*USAA Platinum MasterCard CL-$1,000.00
*USAA Signature Visa Card CL-$15,000.00
*USAA Rewards Amex CL-$15,000.00
*HSBC Best Buy Card CL-$3,300.00
*Amex Macy's CL-$8,000.00
*JPMorgan Chase Marriott Rewards Premier Visa Signature CL-$20,000.00

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PlatinumAMEX94
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Postby PlatinumAMEX94 » Sun Jan 29, 2012 3:53 pm

UPS Gregg wrote:I'm looking for a VISA to supplement my USAA Amex. Just on purchases where Amex isn't accepted. I want one with a good rewards program. I'm not interested in airline rewards. Just straight cash rewards, gift cards, etc.. Any suggestions?


You should go with the USAA Cash Rewards Visa. From the website:

  • Enjoy variable rates as low as 9.9% APR on purchases, balance transfers and cash advances. This APR will vary with the market based on the Prime Rate.
  • No annual fee and no minimum finance charge.
  • Earn rebates up to 1.25% on your everyday purchases.
  • Your cash rebate is awarded every January for the purchases made the previous 12 months.
  • There's no limit to the amount you can earn.

You already have a history with USAA, and the one of the best banks out there.
American Express Platinum Personal, Member since 94
Chase United Explorer - Visa Signature
Chase Sapphire Preferred
American Express Business Simply Cash

American Express Costco Business, American Express Platinum Business
Bank of America 10k, Capital One Venture World MasterCard 7.5k, Fidelity Visa Signature 10k
Citibank ThankYou Premier World MasterCard - Card Member since 91, 25k
Discover 10k Member since 91, Wells Fargo Personal & Business Visa Signature
USAA World MasterCard 12k, Chase Slate Exclusives Visa 5k

Lifelock member, USAA credit monitoring, Security Freezes E/E/TU, 800+

sticf
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Postby sticf » Sun Jan 29, 2012 4:37 pm

Have you looked at the Citi Forward?

5pts/$1 spent on Restaurants (Fast Food Included). It is points and not cash but if you are willing to wait until 10,000 points ($2000) you can get $100 gift cards. I happen to have picked one up and with the promotional bonuses I have accumulated over 34k in points in the past few months

UPS Gregg
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Postby UPS Gregg » Sat Feb 04, 2012 8:59 pm

sticf wrote:Have you looked at the Citi Forward?

5pts/$1 spent on Restaurants (Fast Food Included). It is points and not cash but if you are willing to wait until 10,000 points ($2000) you can get $100 gift cards. I happen to have picked one up and with the promotional bonuses I have accumulated over 34k in points in the past few months


Are the points worth the same as other cards? On many cards 10000 points is worth $100 in gift cards. Or 30000 is $300. And so on.
Current FICO: 805 (Equifax)

Current Cards:

*USAA Platinum MasterCard CL-$1,000.00
*USAA Signature Visa Card CL-$15,000.00
*USAA Rewards Amex CL-$15,000.00
*HSBC Best Buy Card CL-$3,300.00
*Amex Macy's CL-$8,000.00
*JPMorgan Chase Marriott Rewards Premier Visa Signature CL-$20,000.00

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tntexan72
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Postby tntexan72 » Tue Feb 07, 2012 9:55 pm

There are plenty of Visa out there but Chase Freedom gets my #1 vote for their rewards and signup bonus.

sticf
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Postby sticf » Fri Feb 10, 2012 6:09 am

UPS Gregg wrote:Are the points worth the same as other cards? On many cards 10000 points is worth $100 in gift cards. Or 30000 is $300. And so on.


Depends on the store. I recently ordered 2 LL Bean cards. They were $100 each for 10,000 each. I have not seen a more favorable rate than $100/10,000. There are several stores that never get to that rate from what I can see.

I did some looking before applying for the card and found several of the stores that I spend money with anyway have a decent exchange rate for points. After I knew I would "OK" with spending the points in places I liked then I applied. I think they site for rewards is thankyou.com. You should be able to browse around before making the call.

Hope it helps.

UPS Gregg
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Postby UPS Gregg » Sat Feb 11, 2012 1:24 pm

sticf wrote:Depends on the store. I recently ordered 2 LL Bean cards. They were $100 each for 10,000 each. I have not seen a more favorable rate than $100/10,000. There are several stores that never get to that rate from what I can see.

I did some looking before applying for the card and found several of the stores that I spend money with anyway have a decent exchange rate for points. After I knew I would "OK" with spending the points in places I liked then I applied. I think they site for rewards is thankyou.com. You should be able to browse around before making the call.

Hope it helps.


I just wish there was a VISA or MasterCard that's on par with the Amex Platinum. And with a less expensive annual fee.
Current FICO: 805 (Equifax)

Current Cards:

*USAA Platinum MasterCard CL-$1,000.00
*USAA Signature Visa Card CL-$15,000.00
*USAA Rewards Amex CL-$15,000.00
*HSBC Best Buy Card CL-$3,300.00
*Amex Macy's CL-$8,000.00
*JPMorgan Chase Marriott Rewards Premier Visa Signature CL-$20,000.00



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