Which Mastercard is best?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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agp
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Which Mastercard is best?

Postby agp » Fri May 25, 2012 6:25 pm

I got an Amex and quite a few Visas in my wallet, but no Mastercard. Does anyone have any recommendations?

Here's what I'm looking for, in order of importance:

1. No annual fee
2. Cash back rather than points
3. Preferably pulls Equifax
4. Cool design
5. Issued by a big/reliable agency (so Sak's Mastercard issued by HSBC is out of the running)

APR is not a concern because I always pay on time.

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred


DavidNY
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Postby DavidNY » Fri May 25, 2012 7:22 pm

Chase Freedom has a Mastercard version.

CC Deville
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Postby CC Deville » Fri May 25, 2012 7:25 pm

Well, do you *need* another credit card? If your Amex and Visa's are enough for you, you might want to reconsider opening new credit. But you are an adult and know what you are doing so to answer your questions:

I would recommend Chase Freedom (but you would need to apply by phone to request MasterCard or find the application from MasterCard (under find a card) directly as Chase primarily offers and markets only the Visa online on the Chase website).

1. Chase Freedom has no annual fee
2. Actually, it technically is a *points* card. They are called Ultimate Rewards, but they can be redeemed for cash 1:1
3. This I am not so sure on. They pulled Experian for me in Arizona. Check out Who Gave Me Credit to see which lenders pull Equifax.
4. It has a pretty sharp design. Cool metallic blue with "Freedom" and "Chase" using hologram material (that incidently gets destroyed when you use the card regularly). Visa Signature is even cooler as the Visa logo and "Signature" also use the holograph material instead of the white border around the Visa logo. As far as I know, there is no World Elite Freedom so the MasterCard logo will be orange and yellow.
5.Chase is, I believe, the largest credit card issuer in the US. If not #1, they would be #2 behind BofA.

Chase, like Citibank and Discover offer quarterly 5% bonus cashback offers which can add up quickly. Chase usually also offers a sign up bonus and if you have Chase checking, you get an additional 10% cash back just for having checking.

Other than Chase Freedom, the only other cash back MasterCard that I can think of is Citibank Dividend (however, Citibank now only markets the Visa) and that lame Capital One Cash Rewards card. I would avoid that unless you want a $3,000 credit line, all three bureaus pulled and only 1.5% cash back (1% plus a .5% annual bonus).

agp
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Postby agp » Fri May 25, 2012 8:54 pm

I have a Freedom Visa right now, can I apply for a Freedom Mastercard? I went to go talk to my personal banker at Chase and she said they don't offer the Master Card anymore. I told her I see people with Freedom Mastercards but she says that it's not offered now because Chase only endorses Visa (or the other way around).

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred

irvine801
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Postby irvine801 » Fri May 25, 2012 9:15 pm

Id say the Citi diamond preferred master card. But I don't really like the Citi extra cash rewards they offer. Overall its a pretty good card though. But extra cash is presented as "cash" instead of points. Lol
-American Express Zync.
-Discover IT. 4.5k limit 7.99%
-MC Citi diamond preferred. 1500 limit
-Visa Chase freedom. 2k limit.(23.24%, NOT IN USE)
-Miles by discover 1.5k limit.7.99%
-Best buy store card. 1500 limit
-Mt. America visa 1k limit

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bisbicos
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Postby bisbicos » Fri May 25, 2012 9:27 pm

I just got my freedom card from chase and its a MC. Well 2 months ago
Credit Cards
American Express: Fidelity Rewards (2% cash back) 9.5k
Zync NPSL
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

hjamespyun
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Postby hjamespyun » Fri May 25, 2012 9:32 pm

Technically it isn't a cash back card, but because it does earn Ultimate Rewards Points, why not the Chase Sapphire (the no annual fee version)?

I'm sure if the Preferred comes in a World Mastercard flavor, so should the regular one.
Cards In Use
Chase Sapphire Visa Signature (Downgraded from Sapphire Preferred)
American Express Platinum (Upgraded from Premier Rewards Gold)
Citi ThankYou Preferred World Elite MasterCard

agp
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Postby agp » Fri May 25, 2012 9:42 pm

I am been thinking about the Sapphire Preferred as well. The only thing I don't like is that it has an annual fee. Does anyone know if the Chase "trifecta" work with the Chase Total Checking, or is it only the Premier Plus/Plat?

I'd also like to point out that I'm affiliated with the military so I qualify for all the armed forces FCU, USAA, and such. But I'd like to stay away to avoid complications since I will be switching to non-military professions in the next year or two.

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred

CC Deville
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Postby CC Deville » Sat May 26, 2012 2:12 pm

agp wrote:I have a Freedom Visa right now, can I apply for a Freedom Mastercard? I went to go talk to my personal banker at Chase and she said they don't offer the Master Card anymore. I told her I see people with Freedom Mastercards but she says that it's not offered now because Chase only endorses Visa (or the other way around).


If you go to post #2 here by DavidNY you will see a link to apply for the MasterCard version. The moderator must have added it this morning.

Chase does primarily market only Visa cards, but if you find the right links (like the one posted on DavidNY's post) you can get the MasterCard version. I have even heard of people who get their existing Visa changed to MasterCard and vise versa.

CC Deville
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Postby CC Deville » Sat May 26, 2012 2:13 pm

hjamespyun wrote:Technically it isn't a cash back card, but because it does earn Ultimate Rewards Points, why not the Chase Sapphire (the no annual fee version)?

I'm sure if the Preferred comes in a World Mastercard flavor, so should the regular one.


+1

Since he already has a Freedom I believe the Ultimate Rewards he would earn on a Sapphire card would get grouped into his Freedom Ultimate Rewards as well. And since they can be redeemed for cash this could work.



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