Best cashback/airline card for 700 credit score?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
9 posts
danodano
 
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Best cashback/airline card for 700 credit score?

Postby danodano » Thu Oct 04, 2012 1:30 pm

Hi,

I am looking to get a credit card with the maximum cashback or airline miles for any airline in the US.

I have a 700 credit score.

The vast majority of my purchases done via credit card are 80% food/restaurants, 10% travel and 10% misc

Thanks in advance


DeadSpider
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Postby DeadSpider » Sat Oct 06, 2012 12:58 am

look into Amex Sky and Cap1 Venture.
Both cards come with and without AF.
Cap! QuickSilver VISA 2005 $6500
Chase Freedom MC 2006 $5000
Amex Sky 1999 $2000
BCE 1999 $8800
NFL 2013 $1500
Discover IT 2013 $3500
FICO July 16/2012 ---- 742 Experian (Amex)
BK comes off ---- 9/2014

CC Deville
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Postby CC Deville » Sat Oct 06, 2012 10:48 am

As DeceasedArachnid said:

Airline: Capital One Venture ($49 annual fee) as you can earn 2 points towards airline travel on any airline. AMEX Blue Sky and Blue Sky Preferred ($75 annual fee) can also be used for any airline.

Cash Back: I would suggest the new US Bank Cash + Visa Signature as you can chose your 5% catagories, which for you would be restaurants/fast food restaurants and then you could use your other 5% bonus for utilities and then choose your 2% catagory as either groceries or gas. If by food you meant grocery stores than I would recommend the BofA BankAmericard Cash Rewards Visa card as you earn 3% on gas, 2% on groceries and 1% on everything else. AMEX Blue Cash Everyday (BCE) has a similar structure if you don't mind the AMEX network and having your cash reward credited to your account. AMEX Blue Cash Preferred ($75 annual fee) gives up to 6% back on groceries but I hear there are some changes coming wherein the 6% on groceries ends after $6,000 spend and 1% for groceries after $6,000. With BofA you can have your cashback credited to a bank account (you get an addl 10% bonus if you credit the cash back to your BofA checking account) credited to your card account or have a check mailed. If you have a US Bank checking account you can have your Cash + cashback credited to your US Bank checking account and they are currently offering a $25 bonus if you cash out in $100 increments. If you do not have a US Bank checking account it is my understanding that the cash back gets credited to the account balance or you can have them mail Visa Debit cards.

Just be sure to read the terms and conditions for the cash back to determine how they give you your cashback. I personally do not like having the bank credit your credit card account (AMEX, US Bank-unless you have a US Bank checking account). So I prefer the BofA, Chase Freedom (offered 5% for an entire quarter on groceries), Discover (lately only offers one month of 5% groceries) and CItibank DIvidend (didn't offer 5% on groceries at all in 2012) because they will mail me a check to do with as I please. But that is just me. If you don't mind having the reward credited to the card account balance than go for it.


Money card
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Postby Money card » Sat Oct 06, 2012 7:01 pm

CC did you mean 59.00 or did capital1 recently become generous and lowered
the annual fee on the Blue venture card to 49.00?

Money card
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Postby Money card » Sat Oct 06, 2012 11:57 pm

I can't rember a time when capital1 became generous.

CC Deville
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Postby CC Deville » Sun Oct 07, 2012 10:10 am

Money card wrote:CC did you mean 59.00 or did capital1 recently become generous and lowered
the annual fee on the Blue venture card to 49.00?


You are correct. $0 annual fee for the first year, $59 thereafter. Still a pretty low annual fee for what is considered one of the best travel airline cards on the market.

PallasAthena
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Postby PallasAthena » Sun Oct 14, 2012 10:25 pm

I have the Capital One Venture card. No annual fees, period. This is the gold one and mine has the MasterCard logo.

I used to have the Capital One Platinum card, which was billing me an annual fee of $29 / year. I asked to upgrade it and was approved for this Venture Platinum one. No more annual fees and I kept my credit limit ($3250). I had this card since 2007... the first card I got after my BK was discharged. When I looked at my credit report, it shows me as having this account since 2007.

I recommend you call your other credit card companies and see if they can do something similar, too. In fact ,Wells Fargo did it for me... upgraded my Secured CC to a Platinum cash back one with a $500 credit limit. This was in 2010. Today, that same CC has a credit limit of $5000.

My secret? charge everything - groceries, gas, etc... and PAY IT IN FULL at the end of each month! I rarely carry a balance and when I do, it's below 10% of my credit limit!
FICO score: 743 (July 2015)
Chapter 7 BK in 2006 :(
Currently gardening!!!
2 mortgages, 1 car loan, and Discover, Barclay, Chase, Citibank CCs


DavidNY
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Postby DavidNY » Mon Oct 15, 2012 3:45 pm

danodano wrote:I am looking to get a credit card with the maximum cashback or airline miles for any airline in the US.
Thanks in advance


If you value miles at less than two cents per dollar spent, look for a cash back card that gives you two cents per dollar spent on everything, like a Fidelity Amex or Barclaycard Priceline card. These cards also have no annual fee. CC Deville made some good suggestions too.

There are also cards with perks for particular airlines, so check those out as well if you have a favorite carrier.

cardinal
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Postby cardinal » Sat Oct 20, 2012 3:53 am

For straight cash back, go for US Bank Cash+ because of their great self-selected 5%/2% quarterly combo. For miles, go for the Starwood Amex which effectively earns 1.25 points per dollar and transfers to over twenty different programs. Those are two tough cards to get but they're the best for cashback/miles in my opinion.



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