Looking for a good catch-all card...

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
25 posts
MemberSince99
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Postby MemberSince99 » Sun Mar 31, 2013 2:51 pm

Makes me wonder when they will nerf that too.

I think Rewards will over time go the way of the dinosaur. The merchants will charge us a fee to use the card, we'll get no rewards, and basically we get to pay a fee to buy something (in addition to whatever taxes are on it). That will be enough to make me consider going back to cash. Then they'll probably charge us a "convenience fee" to pay in cash too. Why not just be honest and slap a "greed fee" on it while we are at it - no one would squawk much about say 3% for that would they?


tigerowl06
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Postby tigerowl06 » Mon Apr 01, 2013 12:26 am

MemberSince99 wrote:Makes me wonder when they will nerf that too.

I think Rewards will over time go the way of the dinosaur. The merchants will charge us a fee to use the card, we'll get no rewards, and basically we get to pay a fee to buy something (in addition to whatever taxes are on it). That will be enough to make me consider going back to cash. Then they'll probably charge us a "convenience fee" to pay in cash too. Why not just be honest and slap a "greed fee" on it while we are at it - no one would squawk much about say 3% for that would they?


Wha?

There is already a "convenience fee" built into the price of all consumer goods and services. The ease of use that comes with plastic, combined with what amounts to a rebate of that fee for people with good credit and income, gets consumers spending more than they would with cash.

Rewards won't go away, and neither will the TV for $999.99. Just mark the item up 2%, let people collect 3% rewards for purchasing it and they feel great about the whole thing like they just got whatever it was at a real sale price.
Chase Freedom ($2.5K, 10/2009)
Discover it ($6K; 03/2011)
Amex BCE ($19.5K; 02/2013 - 2011 BD)

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Rina
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Postby Rina » Sat Apr 13, 2013 7:52 am

The PenFed Platinum cash Rewards is a good bet, and if you happen to travel, there are no foreign exchange fees. BoA World is similar, but you'd need their travel card to get that extra option.
Charge & Credit Cards: 121.8K+ (AmEx Platinum: NPSL; Bank of America Cash Rewards: 50k; PenFed Platinum Cash Rewards: 28.8k; PenFed Pomise 21k; Chase Marriott Rewards: 13.5k; Citi Simplicity 5k; Chase Slate: 3.5k)

Store Cards: 24.9k (The Home Depot: 16.5k; Nordstrom: 6k; Macys: 1.2k; DressBarn: 1k)

LoCs: 19.5k (Credit Union: 17.5k; Tertiary Bank: 2k)

Total: 176k+ (including min 10k tested on AmEx)

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bisbicos
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Postby bisbicos » Sat Apr 13, 2013 9:35 am

I love my fidelity Amex which gets 2% everywhere. I highly recommend it
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

DavidNY
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Postby DavidNY » Sat Apr 13, 2013 9:57 am

bisbicos wrote:I love my fidelity Amex which gets 2% everywhere. I highly recommend it


It's a great card.



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