Search found 158 matches

by Eric
Sun Aug 26, 2018 10:42 am
Forum: Cash Rebate Cards
Topic: Chase Freedom Unlimited w/ $150 bonus
Replies: 0
Views: 2008

Chase Freedom Unlimited w/ $150 bonus

This latest addition to the Chase Freedom series appears to be another nudge upward for returns and welcome simplification: - 1.5% across-the-board cashback, unlimited. - no mention of Freedom's quarterly 5% cashback bonus categories, so dropped(?) - no annual fee And, if you spend $500 on the card ...
by Eric
Mon May 28, 2018 7:48 pm
Forum: Cash Rebate Cards
Topic: What is (or should be) in our wallets Fall 2017
Replies: 6
Views: 1865

Re: What is (or should be) in our wallets Fall 2017

Good choice of cards! I particularly like the Costco for gas. I think most fans of this website would Never Ever use a credit card for cash, since that trips the interest rate system on existing charges too, and that is expensive credit. (I use a debit card linked to my checking account, but that do...
by Eric
Thu Feb 08, 2018 7:27 pm
Forum: Cash Rebate Cards
Topic: Citi ThankYou Preferred Mastercard
Replies: 0
Views: 2228

Citi ThankYou Preferred Mastercard

This free card offers 2 Thank You points for "dining out and entertainment, including restaurants, coffee shops, cafes, bars and lounges, concerts, live performances, museums, amusement parks, sporting events, movie theaters, music downloads and more;" 1 point for all else. Thank You points are only...
by Eric
Fri Nov 17, 2017 4:37 pm
Forum: Cash Rebate Cards
Topic: New Citi Forward Visa: 5% at restaurants, movies, books, etc
Replies: 22
Views: 13496

Forward continues to slip backward

For those who still use the Citi Forward Visa card, or the many more who may have it sock-drawered, a new update from Citi. In January 2018 it will be converted to a Citi ThankYou Preferred Mastercard. The current 2 points (worth less than 2% in cash) on restaurants, music, movies and books will be ...
by Eric
Mon Nov 13, 2017 6:15 pm
Forum: Cash Rebate Cards
Topic: For foodies: Capital One Savor World Elite MC
Replies: 0
Views: 2290

For foodies: Capital One Savor World Elite MC

Unlimited cashback
- 3% on dining
- 2% on groceries
- 1% on everything
One-time $150 bonus when spend $500 within first 3 months
Rebate as statement credit or cheque
No FX fees
No annual fee
by Eric
Thu Oct 19, 2017 7:21 pm
Forum: Cash Rebate Cards
Topic: What is (or should be) in our wallets Fall 2017
Replies: 6
Views: 1865

What is (or should be) in our wallets Fall 2017

I haven't seen any overview in a couple of years, so thought I would seek input from others. I'm starting with the objective of maximizing cashback and minimizing "what card should I use for this?" hassle, with $0 annual fee cards. For the moment, 1% cards are oh-so yesterday. For a base "use for ev...
by Eric
Wed Oct 18, 2017 4:14 pm
Forum: Cash Rebate Cards
Topic: Capital One Quicksilver VISA
Replies: 2
Views: 2099

Re: Capital One Quicksilver VISA

Here's an update (to October 2017) on the Quicksilver offer: It still offers 1.5% cash back on everything (not as good as the 2% cards out there...). The one-time cash bonus (if eligible) has been raised to $150 when you spend $500 within 3 months. No foreign transaction fees. No more Uber bonus tie...
by Eric
Sun Aug 06, 2017 4:51 pm
Forum: Cash Rebate Cards
Topic: PayPal 2 percent Mastercard
Replies: 1
Views: 1622

PayPal 2 percent Mastercard

2% across the board rebate.
www.paypal.com

It's interesting that PayPal has shifted from issuing a debit card to (in connection with Synhrony Bank, the card issuer) issuing a credit card, and a very competitive one at that.
by Eric
Fri Jun 09, 2017 2:21 pm
Forum: Cash Rebate Cards
Topic: Is there any minimum credit score required to fund a business?
Replies: 1
Views: 1718

Re: Is there any minimum credit score required to fund a business?

This would be a very risky way to fund a business. Many people have funded business start-ups using credit cards. While the interest rate offered varies according to your credit score, if you look at current cards, most are in the 16-24% annual rate range. Further, business cards don't have the same...
by Eric
Fri May 19, 2017 5:55 pm
Forum: Airline Miles Cards
Topic: Capital One Venture One Card
Replies: 0
Views: 4339

Capital One Venture One Card

This appears to be a relaunch/renaming of their "No Hassle" card. Curiously, the promotional literature I received does not identify whether this is VISA or MC. The card image shows that they've designed this card "upside down", with the chip on the right rather than the left, and no affiliation log...
by Eric
Thu Apr 13, 2017 8:23 am
Forum: Cash Rebate Cards
Topic: Barclaycard CashForward World Mastercard
Replies: 0
Views: 2614

Barclaycard CashForward World Mastercard

Interesting card, great introductory offer: No annual fee. Rebate level: 1.5% across-the-board (with a 5% "kicker" at redemption, so it's 1.575%). Redemptions start at $50. Points do not expire. Unlike other "travel" cards where you are limited to deducting rebate points from travel expense categori...
by Eric
Wed Mar 08, 2017 3:02 pm
Forum: Cash Rebate Cards
Topic: Amex changes Blue
Replies: 5
Views: 4201

Re: Amex changes Blue

Amex has just sent me a Blue upgrade offer with the same conditions as Peter receives... ... except that it has a $95/year fee. With the end of the Sallie Mae card (5% on groceries), I only have my Amex Blue (3% up to $6000) or my Fidelity (2% on everything). Since we spend more than $6k/year on gro...
by Eric
Fri Feb 03, 2017 6:56 pm
Forum: Student Cards
Topic: Sallie Mae MasterCard
Replies: 2
Views: 4723

Re: Sallie Mae MasterCard

See the thread under Cash Rewards cards: this card loses all its special benefits as of March 1, 2017. Reduced to 2% on groceries (but no longer a $250 monthly limit), 1% on all else. Bye-bye Sallie Mae.
by Eric
Wed Dec 14, 2016 4:51 pm
Forum: Cash Rebate Cards
Topic: Sallie Mae MasterCard
Replies: 8
Views: 4623

Sallie Mae MasterCard benefits are going away

As of March 1 2017, "your Sallie Mae Rewards MasterCard will be replaced with the new Commence MasterCard by Sallie Mae with great new benefits and features. To be precise: - the 5% cashback on the first $250 of groceries will become 2% with no ceiling; - the 5% cashback on the first $250 of gas wil...
by Eric
Wed Oct 19, 2016 8:07 pm
Forum: Cash Rebate Cards
Topic: Fidelity Reitrement Rewards Card - 2%
Replies: 6
Views: 5322

Re: Fidelity Retirement Rewards Card - 2%

Time for an update on this welcome change. Yes, Fidelity issued me a VISA and almost-seamlessly transferred transactions and benefits from the Amex. "Almost" because transactions were transferred but my payment to Amex took awhile, so with two months' transactions I came dangerously close to my cred...
by Eric
Wed Sep 28, 2016 5:31 pm
Forum: Cash Rebate Cards
Topic: Wells Fargo & TD Bank credit cards
Replies: 3
Views: 3469

Re: Wells Fargo & TD Bank credit cards

Thanks for renewing this comparison thread. You post: "I've personally found the Wells Fargo cards preferable to the TD Bank cards as they've had better rates when I apply. I'm not sure if anyone else is seeing this too? I've always applied in person, rarely do I get these offers in the mail." I had...
by Eric
Sat Aug 20, 2016 8:05 pm
Forum: Cash Rebate Cards
Topic: Capital One Spark Cashback 2%
Replies: 2
Views: 2513

Re: Capital One Spark Cashback 2%

I really like your calculator, Joelmeu, assuming it is accurate. It makes a great complement to the CCG site. Thanks.
by Eric
Fri Aug 12, 2016 5:33 pm
Forum: Student Cards
Topic: Sallie Mae MasterCard
Replies: 2
Views: 4723

Re: Sallie Mae MasterCard

This card has been discussed in more depth under the cashback card thread, since you need not be a student to receive this, and viewers should refer to the cashback thread. The 5% category is great, and if the high limit on bookstores appears to limit its appeal among non-students, it should be note...
by Eric
Fri Aug 12, 2016 5:25 pm
Forum: Small Business Rewards Cards
Topic: BofA WorldPoints Travel Rewards for Business
Replies: 2
Views: 6334

Re: BofA WorldPoints Travel Rewards for Business

BofA Appears to have changed the conditions on this card. Several months ago they added a new feature: monthly expenditures such as (they specify these:) insurance and internet yield 1-1/2 times benefits. That would boost the 1.5% rebate to 2.25% for these categories, and I responded by shifting the...
by Eric
Thu Jul 21, 2016 4:30 pm
Forum: Cash Rebate Cards
Topic: Capital One Quicksilver VISA
Replies: 2
Views: 2099

Capital One Quicksilver VISA

Capital One keeps rolling out new cards. This one is: - No annual fee - 1.5 % cash back on all purchases, with no cap - $100 bonus for spending $500 in the first 3 months - Every 10th Uber ride free (up to $15) through March 2017 Existing or previous accountholders not eligible for the bonus (this p...
by Eric
Wed Jul 20, 2016 7:38 pm
Forum: Cash Rebate Cards
Topic: Sallie Mae MasterCard
Replies: 8
Views: 4623

Re: Sallie Mae MasterCard

We know about the bookstore category for 5% rebate (up to $750/month), but I have learned something that will warm the hearts of CCG stalwarts. Not being students, our bookstore purchases are relatively small, and while we appreciated this help being offered to students, we used our student card pri...
by Eric
Wed Jul 20, 2016 7:27 pm
Forum: Cash Rebate Cards
Topic: Amex changes Blue
Replies: 5
Views: 4201

Re: Amex changes Blue

There have been so many changes to Amex Blue, it's hard to follow. Some have been recorded on different threads, but I thought the original thread would be a good place to pick up. I don't know if this is universal, or just to applies to people like me who have sock-drawered their Blue Cash card for...
by Eric
Sun Jun 19, 2016 6:46 am
Forum: Cash Rebate Cards
Topic: BankAmericacard Cash Rewards (tiered rebate)
Replies: 0
Views: 2842

BankAmericacard Cash Rewards (tiered rebate)

Bank of America has been absent from the Credit Card Goodies listing for a long time. Now they have a modest entry. No annual fee. 1% cash back on every purchase, 2% at grocery stores and at wholesale clubs, and 3% on gas, capped at $2,500 in combined grocery/wholesale club/gas purchases each quarte...
by Eric
Sun Jun 19, 2016 6:38 am
Forum: Cash Rebate Cards
Topic: Citi double rewards
Replies: 2
Views: 2565

Re: Citi double rewards

This is sill available. For those of us who pay the balance in full it's effectively a 2% card with no caps, a good deal (better than the other 2% card, Fidelity, that requires that you deposit into an account at Fidelity, otherwise it's 1%).
by Eric
Sun Jun 05, 2016 12:08 pm
Forum: Cash Rebate Cards
Topic: New Citi Forward Visa: 5% at restaurants, movies, books, etc
Replies: 22
Views: 13496

A once-good card depreciated away

Citi has cut the benefits on this card from 5% to 2%. Since Thank You Points are worth less than 1% (see previous postings) unless used to purchase gift cards from associated retailers, this card is no longer as good as the many alternatives, even for these special categories. They have retained the...
by Eric
Thu Mar 10, 2016 8:36 pm
Forum: Cash Rebate Cards
Topic: Fidelity Reitrement Rewards Card - 2%
Replies: 6
Views: 5322

Re: Fidelity Reitrement Rewards Card - 2%

Two pieces of news on this card, which I have found useful for years as my primary card for its 2% cash back across-the-board, coupled with other cards with higher returns in specific areas (groceries, dining, cinema, bookstores, travel...) First, Fidelity has reported that it is severing its Amex c...
by Eric
Thu Dec 03, 2015 5:53 pm
Forum: Cash Rebate Cards
Topic: TD Cash Rewards VISA card
Replies: 1
Views: 2307

Re: TD Cash Rewards VISA card

This was/is a great card. My son also has one and loves it. However, now that the bonuses from the first six billing cycles have passed it is "merely" a 1% card. I decided to do a major housecleaning to get rid of 4 cards I seldom or never use any more while avoiding the credit rating hit from multi...
by Eric
Thu Dec 03, 2015 5:15 pm
Forum: Cash Rebate Cards
Topic: PNC Visa
Replies: 1
Views: 2014

Re: PNC Visa

PNC continues to make convoluted offers. I have just received a new PNC Points VISA offer. Like the cash builder (now gone, I think) it offers multiple points per dollar, 4 points per $1. It has lots of bonus add-ons (25%, 50%, 75%) for holding various types of account with them. It comes with a kic...
by Eric
Mon Nov 16, 2015 8:56 pm
Forum: Cash Rebate Cards
Topic: Capital One Spark Cashback 2%
Replies: 2
Views: 2513

Capital One Spark Cashback 2%

This is a business card, so lacks the Federal protection (under the CARD Act of 2009 that limits retroactive rate increases, fees, and requires a 21-day grace period before payments are due) of a consumer card. Payments aren't reported to credit bureaux, so this will not help your FICO. It is issued...
by Eric
Fri Sep 25, 2015 7:42 pm
Forum: Cash Rebate Cards
Topic: SunTrust Cash Rewards Card
Replies: 0
Views: 3284

SunTrust Cash Rewards Card

Here's a card of moderate interest: For the first $6,000 spent on gas and groceries, 5% cash back in the first year, 2% in subsequent years. Otherwise it's a no-fee 1% card. Minor extra points for maintaining a banking relationship with them. I considered it since my TD Bank 5% benefits expire next ...
by Eric
Tue Sep 08, 2015 6:18 pm
Forum: Cash Rebate Cards
Topic: TD Cash Rewards VISA card
Replies: 1
Views: 2307

TD Cash Rewards VISA card

TD (Toronto Dominion) Bank has an aggressive entry into the US credit card market: a free, 1% cashback card with 5% on dining, gas, groceries, and telephone/internet for the first six billing cycles. (They offer similar cards giving frequent flier miles instead of cash back). The 5% cashback is capp...
by Eric
Mon May 26, 2014 3:23 pm
Forum: Cash Rebate Cards
Topic: Sallie Mae MasterCard
Replies: 8
Views: 4623

Re: Sallie Mae MasterCard

I got one also. The grocery limit is v-e-r-y low; I have to watch our receipts and tell my wife when (early in the month) to switch to (2%) Amex. Barclays was very gracious about changing the billing period, so I can give her (technically incorrect but close) guidance that the billing period begins ...
by Eric
Tue Feb 25, 2014 5:45 pm
Forum: Cash Rebate Cards
Topic: PNC Visa
Replies: 1
Views: 2014

PNC Visa

A convoluted offer: $100 credit on statement after $750 in net purchases within first 3 billing cycles! 1.75% rewards on purchases during 1st billing cycle. Afterwards, it gets complicated with rates in the NEXT cycle determined by expenditures in CURRENT cycle: - $1-2,000? 1.25% on expenditures nex...
by Eric
Sat Feb 08, 2014 10:14 am
Forum: Cash Rebate Cards
Topic: 2013 Rebate Results
Replies: 4
Views: 3122

Re: 2013 Rebate Results

Genius! That's what's so great about this site. When you think you're on top of the best way to save (well, minimize expenses) with credit cards there's someone like IWISHU out there who's a few steps ahead. While HSBC's 5% deal is going away for good, other cards offer quarterly 5% discounts, thoug...
by Eric
Fri Feb 07, 2014 6:18 pm
Forum: Cash Rebate Cards
Topic: 2013 Rebate Results
Replies: 4
Views: 3122

Re: 2013 Rebate Results

Yes, it looks like times are getting tighter for those who seek credit card goodies. Last year by accident I more-than-maxed my HSBC limit of $500, so received only $500 but carried over $38 to this year (the points remain valid until end-year). Since, as IWISHU has noted, this card turns into a pum...
by Eric
Fri Dec 20, 2013 4:57 pm
Forum: Cash Rebate Cards
Topic: New Citi Forward Visa: 5% at restaurants, movies, books, etc
Replies: 22
Views: 13496

Citi restores full purchasing power to Forward

Nearly a year ago I lamented that Citi has continued to depreciate the cashback on this card from 63% to 50% of the thank-you point (TYP) redemption, so the 5% TYP rebate on restaurant, cinema, bookstore purchases only yields 2.5% cash--not bad in today's environment, but not as great as you would t...
by Eric
Sun Nov 10, 2013 10:56 pm
Forum: Airline Miles Cards
Topic: British Airways Chase VISA
Replies: 0
Views: 3916

British Airways Chase VISA

British Airways hasn't come up in a long time on this forum. A few years ago they offered a spectacular deal, now they offer a merely interesting one. BA currently offers a bonus of 50,000 Avios (their version of "miles") if you spend $2,000 within the first three months, beyond the 1.25 Avios per d...
by Eric
Tue Aug 20, 2013 4:09 pm
Forum: Cash Rebate Cards
Topic: Which Card as Backup?
Replies: 3
Views: 2940

Re: Which Card as Backup?

You keep coming back to the forum with interesting card combinations, Michael. I doubt many people on CCG have the Amex BCP card because of the $75 annual fee discourages small spenders, while the $6,000 annual cap on the 6% grocery benefits (including gift cards purchased at supermarkets) discourag...
by Eric
Thu Jul 04, 2013 4:18 pm
Forum: Cash Rebate Cards
Topic: Associated Bank ends 3% rebate
Replies: 3
Views: 3423

Re: Associated Bank ends 3% rebate

I agree. Except for HSBC card which grandfathered me at 5%, I use my Fidelity Amex wherever I can for 2% and a BoA WorldPoints Business Visa card elsewhere for 1.5% (and no FX fee); I pick up some of the quarterly deals (Chase this quarter on gas) to stay within my HSBC annual limit but it's not wor...
by Eric
Sun Jan 13, 2013 6:25 pm
Forum: Cash Rebate Cards
Topic: 2012 Rebate results
Replies: 1
Views: 3130

Re: 2012 Rebate results

You've shown how much one can save, IWISHU. Ideally I would like not a large rebate, but a low rebate because I had no expenses. But you are right that it's good to consider credit card goodies when you must make an expenditure. As it was, I fell $41 short of maxing out my grandfathered HSBC card be...
by Eric
Sun Jan 06, 2013 10:15 pm
Forum: Cash Rebate Cards
Topic: New Citi Forward Visa: 5% at restaurants, movies, books, etc
Replies: 22
Views: 13496

Citi Forward Visa: 5% continues to degrade

I went to redeem some Thank You Points and discovered that for cash (whether for cash or an account credit) they have cut the return to 1/2 of the point value (20,000 points -> $100, etc). TYP were already depreciated, but previously yielded the equivalent of around 3.2% on the 5% categories, now it...
by Eric
Sat Nov 03, 2012 4:48 pm
Forum: Small Business Rewards Cards
Topic: BofA WorldPoints Travel Rewards for Business
Replies: 2
Views: 6334

BofA WorldPoints Travel Rewards for Business

1.5 points per $ on all purchases No international transaction fees No annual fees 5,000 points after first purchase Points can be exchanged with other personal BoA Worldpoints cards Oriented to travel rewards but cash alternative -- details aren't clear. Experience has shown that cashback may not g...
by Eric
Tue Jun 12, 2012 5:46 pm
Forum: Cash Rebate Cards
Topic: Boohoo - Bye Bye Grandfathered Tiers
Replies: 2
Views: 3474

Re: Boohoo - Bye Bye Grandfathered Tiers

Peter, I don't understand your "bye bye"--isn't this the same as Blue Cash has been historically? It's your favorite card, we know, and many of us have moved on to other cards which don't have tiers to get those returns (I keep mine only because one can't predict future benefit packages and to boost...
by Eric
Wed Jun 06, 2012 6:36 pm
Forum: Cash Rebate Cards
Topic: Quicken VISA by Chase
Replies: 0
Views: 3831

Quicken VISA by Chase

Earning: $60 statement credit after first use 5 points/$ on Intuit/Quicken products at their online sites (but not their products at retailers) 2 points on gas, restaurants, drugstores, office supply stores 1 point on all other purchases Spending: Redeemable 1 pt = $1 at 10,000 points Also shopping ...
by Eric
Sat May 05, 2012 12:00 pm
Forum: Other Rewards Cards
Topic: CURewards
Replies: 1
Views: 2232

CURewards

Can anybody explain CURewards? My credit union now offers them on its credit card. The CURewards.com web site says they are redeemable for merchandise or travel. I tried to search on "cash" as a reward and was given only "cashmere", so I guess travel or merchandise it is. - Earning: Does anyone know...
by Eric
Sat Mar 31, 2012 8:15 pm
Forum: Gas Cards
Topic: BP Visa
Replies: 1
Views: 2398

Re: BP Visa

Maybe it’s meant to be confusing. Ignore the gas price (That purchase will contribute to your next award, not this one, and let's ignore the fact that the rebated purchase price will lower your contribution to the next award level) and look at the rebate. A 1% cashback card would give you $1, and a ...
by Eric
Thu Mar 22, 2012 1:31 pm
Forum: Cash Rebate Cards
Topic: Impact on credit score for dropping CC
Replies: 1
Views: 2472

Re: Impact on credit score for dropping CC

I believe that dropping one credit card per se will not have an influence on your credit score. There's no reason not to keep it, but sock-drawer it in the possibility that someday BA may offer better terms (some of us on this site have more than 10 cards, all but one or two of which we no longer us...
by Eric
Fri Jan 06, 2012 10:52 pm
Forum: Cash Rebate Cards
Topic: New 2% Cash Back Card?
Replies: 8
Views: 6107

Re: New 2% Cash Back Card?

Ah, yes, but that is also a reminder why we have been receiving so many offers of business credit cards since the CARD Act was passed! Caveat emptor. Or caveat debiter, maybe. A couple of years ago I tried one business credit card that gave, inter alea, (since we're into Latin here) 5% at business s...
by Eric
Tue Jan 03, 2012 2:44 pm
Forum: Cash Rebate Cards
Topic: Quarterly Reward Programs
Replies: 9
Views: 8076

Re: Quarterly Reward Programs

To the above list you can add for the 1st quarter:

BoA: 5% on gas stations, grocery stores, drug stores and restaurants.

But $25 maximum cash back, i.e. $500 in spending.
by Eric
Tue Dec 20, 2011 12:03 am
Forum: Cash Rebate Cards
Topic: AARP Chase Visa 5% for 6 months
Replies: 3
Views: 4167

Re: AARP Chase Visa 5% for 6 months

I'm with you on this, IWISHU; I followed your recommendation and I still have a month to run on the 5% deal. You raise the more interesting question about "what are we to do now that this has run its course?" You and I still have HSBC (and you have Penfed) for 5% but we're grandfathered (so that doe...
by Eric
Sat Sep 17, 2011 4:14 pm
Forum: Cash Rebate Cards
Topic: Charles Schwab 2% going away?
Replies: 7
Views: 5632

Re: Charles Schwab 2% going away?

I received the notice too. Schwab shot itself in the foot by withdrawing and leaving FIA Card Services (a BoA unit): 3% on gas, 2% on groceries up to $1,500 a month, 1% on everything else; 10% bonus if reward is redeemed into a BoA account, or 3% on quarterly rotating categories, 1% everything else,...
by Eric
Thu Sep 01, 2011 8:29 pm
Forum: Cash Rebate Cards
Topic: Charles Schwab 2% going away?
Replies: 7
Views: 5632

Re: Charles Schwab 2% going away?

Going away? Going away. I have received from FIA Card Services a notice that my ex-Schwab card will be converted to a Bank of America card, benefits to be provided later but apparently linked to the Merrill Edge program (BoA acquired Merrill Lynch during the financial meltdown). Things don't look go...
by Eric
Fri Aug 12, 2011 5:03 pm
Forum: Cash Rebate Cards
Topic: 2/1/2014 Update) HSBC U.S. card business sold to Capital One
Replies: 4
Views: 4214

Re: HSBC U.S. card business sold to Capital One

I saw that announcement also, IWISHU, but didn't want to post it until we know more. We've been waiting more than a year for the shoes to drop on grandfathered benefits. As of August Chase dropped the 5% on EDP and replace the card with a Freedom card with rotating benefits; on the other hand FIA Ca...
by Eric
Wed Jun 22, 2011 5:13 pm
Forum: Cash Rebate Cards
Topic: Which Card?
Replies: 6
Views: 4062

Re: Which Card?

Michael, A card with no rewards??? You claim this on Peter's "Credit Card Goodies" site???? To quote Shakespeare's stage directions in Hamlet: Exit, pursued by a bear! Peter, I love my Amex Blue (grandfathered) too, but I only leave a couple of automated things on it, since 2% everything and 5% spec...
by Eric
Tue Jun 21, 2011 3:12 pm
Forum: Cash Rebate Cards
Topic: Which Card?
Replies: 6
Views: 4062

Re: Which Card?

You are truly a seeker, Michael, after all this time. If two cards suit your main needs, they are the ones to carry; keep life simple and your wallet slim. The other two, which you keep for the quarterly promotions, you can probably leave at home except when you are out to one of those stores--if yo...
by Eric
Tue Jun 14, 2011 4:46 pm
Forum: Cash Rebate Cards
Topic: PenFed Premium Travel Rewards Amex
Replies: 0
Views: 3647

PenFed Premium Travel Rewards Amex

What's special: 5 pts per $ spent on airfare (1 pt on everything else.) No annual fee. No foreign exchange fees (other Amex cards charge 2% FX fees) 20,000 bonus points if spend $650 in 1st 3 months. (Through August, 5 pts on hotels and restaurants). Other benefits What's the downside: Cash rebates ...
by Eric
Mon Apr 11, 2011 6:17 pm
Forum: Links to other Sites
Topic: >> Credits and Loan Offers with Advices and Strategies >>
Replies: 2
Views: 3774

Re: >> Credits and Loan Offers with Advices and Strategies >

Rebecca, You're probably posting at the wrong site here--people in these fora generally are looking for benefits available to those not incurring debts. There are several sites online that you can and should search. Your query suggests that you need further information that only these sites can prov...
by Eric
Sun Mar 06, 2011 6:17 am
Forum: Other Rewards Cards
Topic: Washington Mutual Visa Platinum w/ free credit score
Replies: 3
Views: 19783

Re: Washington Mutual Visa Platinum w/ free credit score

Calvin's post shows one of the limitations of this excellent site. The question is posed in good faith by a new contributor who has clearly (from his other posts) investigated several threads diligently, but most long-time viewers know that credit card terms are constantly changing and an old post m...
by Eric
Thu Feb 03, 2011 12:35 am
Forum: Cash Rebate Cards
Topic: Four Cards
Replies: 2
Views: 2281

Re: Four Cards

You haven't provided complete information. Having a thief get your card isn't quite as bad as identity theft but is something you do want to avoid, so leaving the other Amex at home is good. Why carry both the VISA and MC? And Discover is the weak sister of the lot, unless there are special quarterl...
by Eric
Sat Jan 08, 2011 11:32 pm
Forum: Cash Rebate Cards
Topic: Citibank Driver's Edge Charter dead after a dozen years
Replies: 1
Views: 3073

Re: Citibank Driver's Edge Charter dead after a dozen years

Thank You points are worth only up to 1%. They are worth a little over 3/5 of their value if used as cash refund or as payments toward your Citi account if you accumulate to sufficient thresholds. They used to have extra value if applied to travel through Expedia, which has withdrawn from the progra...
by Eric
Sat Jan 08, 2011 11:25 pm
Forum: Cash Rebate Cards
Topic: Credit card foreign transaction fees mostly up
Replies: 1
Views: 2224

Re: Credit card foreign transaction fees mostly up

Thank you Scape for posting this useful information. I am particularly amused by the statement that "They do have it in their fine print, but the normal consumer has no way of knowing if they're being ripped off." One by one I've had to remove credit cards from my wallet when I travel abroad, includ...
by Eric
Mon Dec 06, 2010 11:26 pm
Forum: Small Business Rewards Cards
Topic: Compare business credit card to select the good card for you
Replies: 8
Views: 7156

Re: Compare business credit card to select the good card for

With a business credit card my *personal* credit history is front and center in their database. If you think otherwise, try to differentiate, fuggadaboutit. I've received business credit card proposals over the last couple of years, and even subscribed to one (for which I am still enrolled but is so...
by Eric
Sat Nov 20, 2010 6:27 pm
Forum: Cash Rebate Cards
Topic: Chase Freedom Ultimate Rewards Perks
Replies: 3
Views: 3415

Re: Chase Freedom Ultimate Rewards Perks

The slippery slope has just gotten a dollop of grease. I just received a notice "NEW CURRENCY SAME GREAT REWARDS" that eliminates rebates on the Chase Freedom card and replaces it with points. Chase specifically points out using sample redemption options that 2,500 points can lead to a $25 check. I ...
by Eric
Sun Nov 14, 2010 8:49 pm
Forum: Cash Rebate Cards
Topic: Charles Schwab 2% going away?
Replies: 7
Views: 5632

Re: Charles Schwab 2% going away?

Anyone else had my experience? I haven't received an ugly replacement card like hgupta1, I have the same card (to date) but had an "ugly transition" where points continued to be attributed correctly to my account with a note that "cash rewards deposit equals 2% of points earnings each month" (GOOD! ...
by Eric
Wed Sep 22, 2010 4:11 am
Forum: Cash Rebate Cards
Topic: Charles Schwab 2% going away?
Replies: 7
Views: 5632

Re: Charles Schwab 2% going away?

FIA assures us there will be no immediate changes in any of the terms--except one will no longer be able to access the card from one's CS account--but of course they will notify us in plenty of time if they decide to make changes (cue the violins). So we're OK for awhile but the handwriting is certa...
by Eric
Thu Aug 05, 2010 3:21 pm
Forum: Cash Rebate Cards
Topic: Chase Freedom® Visa - $100 Bonus Cash Back
Replies: 3
Views: 3035

Re: Chase Freedom® Visa - $100 Bonus Cash Back

I agree. Following Peter's post I applied for (and received) a Chase Freedom card, with a $15,000 limit. But this week I received notice that an existing card was having its limit cut by a third and another card was being canceled for lack of use (I actually wrote to cancel that last card in 2007 bu...
by Eric
Mon Jul 26, 2010 11:26 am
Forum: Cash Rebate Cards
Topic: At a gas station, is it cheaper to use cash or credit?
Replies: 2
Views: 2294

Re: At a gas station, is it cheaper to use cash or credit?

I've been driving across the country these past months and find that dddiam's procedure works for another comparison--are gas stations that accept cash only offering a bargain? My credit card gives 5% cash back so I can usually figure out in my head--no table needed--whether I'm better off with that...
by Eric
Sat May 22, 2010 1:31 am
Forum: Cash Rebate Cards
Topic: What was your best credit card offer ever?
Replies: 17
Views: 9487

Re: What was your best credit card offer ever?

I've never met hh, but our tastes have converged exactly.
Of course, if I look for alternatives to hh's choices, I can't find any. While those "initial 10%" deals were great at the time but of no enduring use, 5% for special uses (Chase, HSBC, Citi Forward) and 2% for everything else is hard to beat.
by Eric
Sun Apr 25, 2010 9:14 pm
Forum: Cash Rebate Cards
Topic: On the death of rewards...
Replies: 14
Views: 7255

Re: On the death of rewards...

The latest victim: effective April 19 Charles Schwab is no longer accepting new clients for its 2%-across-the-board rebate card which adds no fees for foreign transactions. Owners are (so far) grandfathered. http://bucks.blogs.nytimes.com/2010/04/16/charles-schwab-stops-offering-2-percent-credit-car...
by Eric
Fri Apr 23, 2010 11:03 am
Forum: Other Rewards Cards
Topic: Are 0% Balance Transfer credit cards about to disappear?
Replies: 2
Views: 2763

Re: Are 0% Balance Transfer credit cards about to disappear?

In a way they have already disappeared. I keep getting these offers too, I don't know, but don't think that's going to stop. The difference is that until last year the 3% fee was usually capped at $75 or $90 so it was really a good deal if you transferred (or wrote a check for) a big amount. Those c...
by Eric
Sun Feb 28, 2010 10:37 pm
Forum: Cash Rebate Cards
Topic: AMEX Premier Rewards Gold and AMEX Blue
Replies: 1
Views: 1965

Re: AMEX Premier Rewards Gold and AMEX Blue

Michael, you pose two challenges: card choice and credit rating. 1. Card choice: Congrats on bagging the 10,000 bonus points on AMEX Premier Rewards Gold, but don't let that bias your view looking forward. You say "It offers 3 points for every dollar spent for airlines, 2 points for gas and grocerie...
by Eric
Wed Jan 27, 2010 8:29 pm
Forum: Cash Rebate Cards
Topic: Somethin's happening here, what it is ain't completely clear
Replies: 7
Views: 3870

HSBC sales pressure--on "grandfathered" 5%ers?

Follow-up on the HSBC credit limit reduction in 2009: for 5 of the last 8 days I've received marketing calls from HSBC pushing a for-fee protection product (and I wasn't home the other 3 days). Has anyone else had this experience? I'm beginning to wonder if this is not to sell this fairly standard p...
by Eric
Fri Jan 08, 2010 9:00 pm
Forum: Cash Rebate Cards
Topic: New Citi Forward Visa: 5% at restaurants, movies, books, etc
Replies: 22
Views: 13496

Re: New Citi Forward Visa: 5% at restaurants, movies, books, etc

ThankYouPoints has added a cashback offer which is actually a little better than their "credit to your Citi Forward account", that turns those 5% TYP for restaurants, movies, bookstores, music (plus the difficult-to-understand-points Citi adds for paying on time etc and what you receive if you book ...
by Eric
Tue Dec 15, 2009 8:25 pm
Forum: Cash Rebate Cards
Topic: Looking for new "2nd" card
Replies: 4
Views: 2853

Looking for new "2nd" card

Hi, Motnot, I, like you, used to put most expenses on the Amex Blue Cash card after it became available; now I only use the Blue card occasionally to keep it active in case things change in the future, the world had changed so much. 5% on EDP (gas-pharmacy-groceries) has disappeared, so to be grandf...
by Eric
Tue Dec 15, 2009 3:38 pm
Forum: Cash Rebate Cards
Topic: 9-Month Free Transunion Credit Monitor
Replies: 2
Views: 2016

9-Month Free Transunion Credit Monitor

hh, did you receive that notice by email or by snail mail? We too have received two such notices, one in each of our email accounts, but I was afraid it was phishing and have not responded. Particularly the reference "Be sure to enroll soon as your registration number is only available for a limited...
by Eric
Mon Nov 30, 2009 9:19 pm
Forum: Cash Rebate Cards
Topic: Revolution Card
Replies: 2
Views: 2425

Re: Revolution Card

I don't have it, Michael, and don't see why I should: 1. It doesn't offer rebates, rewards or other incentives. Anyone on this site is looking for these first. 2. Personally, I think it addresses an insignificant problem. I assume (and may be wrong) that since this is for use in the U.S. then the ne...
by Eric
Fri Nov 13, 2009 10:12 am
Forum: Cash Rebate Cards
Topic: Somethin's happening here, what it is ain't completely clear
Replies: 7
Views: 3870

Re: Somethin's happening here, what it is ain't completely clear

Interesting. That is exactly my experience (HSBC alone cutting the credit limit, notification by others I can't recall on interest rate changes). Despite the news reports, no annual fees being imposed (knock on wood).
by Eric
Wed Nov 11, 2009 10:58 pm
Forum: Cash Rebate Cards
Topic: Somethin's happening here, what it is ain't completely clear
Replies: 7
Views: 3870

Somethin's happening here, what it is ain't completely clear

Excuse me for opening a new thread, but is there anyone among us who has been imposed an annual fee on a previously free card? As I follow the discussion, in the current slurry of information letters from our credit card companies that anticipate the enforcement of new legislation (1) those who run ...
by Eric
Sun Oct 25, 2009 8:42 pm
Forum: Airline Miles Cards
Topic: Blue Sky from American Express®
Replies: 8
Views: 16223

Re: Blue Sky from American Express®

You didn't say whether there is a fee. I am resistant to anything that is less versatile than cash but have been known opportunistically to take advantage of a good deal. This sounds much more versatile than airline miles though less versatile than cash. If the card is free, or free for the first ye...
by Eric
Fri Oct 23, 2009 11:05 pm
Forum: Cash Rebate Cards
Topic: On the death of rewards...
Replies: 14
Views: 7255

Re: On the death of rewards...

I would like to keep the thread on the DEATH OF REWARDS active. Following Mark Twain, maybe reports of its death have been greatly exaggerated. Contributors on other threads are not providing evidence for this much lately (knock on wood). I have the feeling reading them, and from my own experience, ...
by Eric
Thu Oct 22, 2009 11:28 pm
Forum: Cash Rebate Cards
Topic: HSBC -- Business Decision to Cut Limit
Replies: 17
Views: 7940

Re: HSBC -- Business Decision to Cut Limit

Well, it may take all that to restore the economy, but that's where those of us who frequent this site will suffer: I too recall my first credit cards. I had $300 limits on 2 cards, but unlike Amex, no fee. I remember my first 1% card somewhere around 1985. I think the issuer was Fleet, but I may be...
by Eric
Thu Oct 22, 2009 10:57 pm
Forum: Cash Rebate Cards
Topic: Best Cash Back Discover??
Replies: 2
Views: 2267

Re: Best Cash Back Discover??

hh just described the contents of my wallet, the snoop! Strange because we don't know anything else about each other outside of this site. Go, Peter! I don't have Discover, but my wife does and complains that few places she shops or dines accept it. I try to get her to use it for those 5% deal perio...
by Eric
Sat Oct 17, 2009 2:39 pm
Forum: Cash Rebate Cards
Topic: HSBC -- Business Decision to Cut Limit
Replies: 17
Views: 7940

Re: HSBC -- Business Decision to Cut Limit

Yes, and the merchant would groan at the sight of the card because it meant getting the charge plate (different machines for Amex and VISA/MC--I'm sorry I mean "BankAmerica Card/ Master Charge") out from under the counter, finding the charge slip and doing the transaction, for which the store would ...
by Eric
Sun Oct 11, 2009 10:06 pm
Forum: Cash Rebate Cards
Topic: Hey, hh and eric, here is a question !!
Replies: 19
Views: 8439

Re: Hey, hh and eric, here is a question !!

Michael, I was deferring to hh, who has spoken The Truth, but realized you had not received a direct reply to your question. My first response is that the kind of savings you describe certainly merit maintaining a $29 fee--if they are truly a lower cost. But then I recall that in my own experience I...
by Eric
Wed Sep 30, 2009 2:09 pm
Forum: Cash Rebate Cards
Topic: Citi discontinuing Associated rewards card
Replies: 21
Views: 9467

Re: Citi discontinuing Associated rewards card

Small correction to IWISHU: I don't think the Hongkong and Shanghai Banking Corporation (HSBC) is a Swiss Bank. I agree that they may be keeping the EDP rewards to try to build market share in the US, though, especially as Citi and others are running toward the exit. Let's hope.
by Eric
Tue Sep 29, 2009 3:47 pm
Forum: Cash Rebate Cards
Topic: Chase Cash Plus Rewards Card changing
Replies: 35
Views: 16685

Re: Chase Cash Plus Rewards Card changing

I'd agree with hh there. Nowadays it is so easy to pay your credit card on the due date or the day before, doing the transaction well in advance. That way you can manage multiple credit card accounts without too much hassle (e.g. setting aside one day a week to make the advance payments for those th...
by Eric
Wed Sep 23, 2009 6:09 pm
Forum: Cash Rebate Cards
Topic: Chase Cash Plus Rewards Card changing
Replies: 35
Views: 16685

Re: Chase Cash Plus Rewards Card changing

Hey gang (esp. Marvelous and hh, the last contributors in June), my expiring Chase Rewards card has been replaced ... with the accompanying notice emphasizing (twice) that I am receiving the same account number, rate, credit line and, most important, terms and conditions! After these weeks, months w...
by Eric
Sat Aug 29, 2009 6:51 pm
Forum: Cash Rebate Cards
Topic: Hey, hh and eric, here is a question !!
Replies: 19
Views: 8439

Re: Hey, hh and eric, here is a question !!

Michael, Wasn't it you who complained recently on another thread about this site being dead? Now you're trying to cut down (and cut out) your credit cards. I think everyone who tunes in to this radio station is looking for the next great deal, but in the current state of the industry the themes appe...
by Eric
Thu Aug 27, 2009 10:51 pm
Forum: Cash Rebate Cards
Topic: Hey, hh and eric, here is a question !!
Replies: 19
Views: 8439

Re: Hey, hh and eric, here is a question !!

Hi, Michael, Thanks for addressing me an expert, but I'm just a user like everyone else on this forum. I think David (dddiam) and Peter have it nailed. Personally, I've noticed over the years that the cards with offers vary, and at times my wife and I've had only VISAs and other times only MCs (igno...
by Eric
Sun Aug 09, 2009 8:33 pm
Forum: Cash Rebate Cards
Topic: Credit Card Processors Who Don't
Replies: 3
Views: 2362

Credit Card Processors Who Don't

This is a topic Peter hasn't raised regarding how big a rebate we receive on credit cards: are there credit card processors who lose transactions? What is your experience, and might it affect your "effective rebate"? By "lose transactions" I mean that the charge is never debited to your account, but...
by Eric
Fri Jul 31, 2009 4:37 pm
Forum: Cash Rebate Cards
Topic: AMEX Blue Backup
Replies: 6
Views: 3630

Re: AMEX Blue Backup

Michael, First, 5.5% beats anything else, so always use that card and don't worry about the longer time to reach the Amex threshold of $6,500. Below the threshold, you need to estimate how much you spend on restaurants and how much on everything else: you will surrender 2.5% when you use Amex for re...
by Eric
Sun Jul 19, 2009 9:20 pm
Forum: Cash Rebate Cards
Topic: This forum is dead !!
Replies: 10
Views: 4596

Re: This forum is dead !!

I'll join these esteemed voices defending this forum. It certainly becomes quiescent when there is nothing of import to discuss, but I wouldn't mistake alert silence for death!
by Eric
Mon Jul 06, 2009 11:18 pm
Forum: Cash Rebate Cards
Topic: On the death of rewards...
Replies: 14
Views: 7255

Re: On the death of rewards...

If rewards are dying, the left hand giveth while right hand taketh away. I have received snail mail notification from Amex that my Cashback card was being canceled for lack of use (no grounds for protest there--I switched to Amex Blue once I received it, too bad about the cut in my overall credit li...
by Eric
Tue Jun 30, 2009 1:22 pm
Forum: Cash Rebate Cards
Topic: New Citi Forward Visa: 5% at restaurants, movies, books, etc
Replies: 22
Views: 13496

Re: New Citi Forward Visa: 5% at restaurants, movies, books, etc

As long as they keep giving 3.1% (if the cashback is applied to the statement balance) this is still marginally useful for restaurants, movies, books and music which aren't given special benefits by other cards. I'm not sure it's worth the space in my wallet, though, when a 2% card and a 5% EDP card...
by Eric
Sat Jun 20, 2009 5:35 pm
Forum: Cash Rebate Cards
Topic: HSBC -- Business Decision to Cut Limit
Replies: 17
Views: 7940

Re: HSBC -- Business Decision to Cut Limit

Returning from a trip, I find that in mid-May HSBC responded favorably to my appeal against its cut in my limit. It raised it ... to a magnificent $3,500! It's curious logic, since that means I'll ration its use only to EDP (well, that was a target before, now I've instructed my wife that it's absol...
by Eric
Fri May 15, 2009 11:05 pm
Forum: Cash Rebate Cards
Topic: New Citi Forward Visa: 5% at restaurants, movies, books, etc
Replies: 22
Views: 13496

Re: New Citi Forward Visa: 5% at restaurants, movies, books, etc

I'm satisfied with the Citi Forward Visa (though I'm decades past being a student). Its 5 thank-you-points on restaurants, movies, books and music good for a little over 3% in benefits complement my true 5% EDP cards, even if they are not big parts of my monthly bill, they still figure. Warning: How...
by Eric
Tue May 12, 2009 9:48 am
Forum: Cash Rebate Cards
Topic: Chase Cash Plus Rewards Card changing
Replies: 35
Views: 16685

Re: Chase Cash Plus Rewards Card changing

My HSBC limit was also cut to $3,000 this month, citing my low balances. I've appealed, saying that exceeding 30% of one's limit affects one's credit rating, but don't expect much, especially now that I see here that this wasn't just me but a broad brush.
by Eric
Fri May 01, 2009 10:19 pm
Forum: Cash Rebate Cards
Topic: AMEX Spending Level
Replies: 6
Views: 4217

Re: AMEX Spending Level

Michael, without knowing your situation, as I read this thread from its beginning I think we are progressing toward what you wanted to hear. I hope that going "cold turkey" and using purely cash will help you get your finances straightened out: I remember a period in my life when I kept two columns ...
by Eric
Wed Apr 29, 2009 10:49 pm
Forum: Cash Rebate Cards
Topic: AMEX Spending Level
Replies: 6
Views: 4217

Re: AMEX Spending Level

I share your fatigue about "playing the game". However, to return to my previous emphasis on your budget, the question is how much total you spend per month, not the vehicles by which you spend it. If plastic makes you believe it's not real, then go cold turkey 100% cash until you're back to reality...
by Eric
Tue Apr 28, 2009 10:53 pm
Forum: Cash Rebate Cards
Topic: AMEX Spending Level
Replies: 6
Views: 4217

Re: AMEX Spending Level

Your post doesn't quite make clear your situation, Michael. Spending cash may reduce your credit card bill but it does not reduce your expenditure bill, and as you note you lose cashback benefits to boot. Whatever you do, you should look at your expenditures over the past year (refer to your credit ...
by Eric
Mon Apr 27, 2009 10:01 pm
Forum: Cash Rebate Cards
Topic: Time to deep-sock-drawer Bank of America
Replies: 0
Views: 2108

Time to deep-sock-drawer Bank of America

I received two notices today (for 2 Mastercards) from Bank of America. I guess they've dropped off most people's horizons: I sought through three screens on this section a thread to which to add this comment before recognized that no one looks as BoA any more and I had to open a new thread. Their 3%...
by Eric
Tue Mar 10, 2009 2:57 pm
Forum: Cash Rebate Cards
Topic: I believe I have the best cards for rebates
Replies: 8
Views: 4694

Re: I believe I have the best cards for rebates

I doubt that the HSBC 2% card will be available to anyone, as HSBC withdraws from the U.S. market. See this article from last week: http://www.washingtonpost.com/wp-dyn/content/article/2009/03/02/AR2009030202151.html This also spells doom for those of us who are grandfathered on the cards with 5% on...
by Eric
Tue Feb 10, 2009 8:59 pm
Forum: Cash Rebate Cards
Topic: Schwab Bank Invest First VISA Signature 2% card:
Replies: 6
Views: 6185

Re: Schwab Bank Invest First VISA Signature 2% card:

Just to keep everyone informed on the facts of this program. I have gone through my first cycle, billed on the 9th of last month, paid on the 1st of this month, and 2% rebate credited to my MM account 3 days later (Sure beats waiting until the end of the year for Amex 1.5%)
by Eric
Wed Jan 14, 2009 12:45 pm
Forum: Cash Rebate Cards
Topic: AMEX Blue and Chase Freedom
Replies: 3
Views: 2699

Re: AMEX Blue and Chase Freedom

Chase Freedom is a 1% card (with occasional 3% "special offers" and other deals if you shop through their network), Amex Blue is a tiered card returning 5% on EDP (gas, food, pharmacy) and 1.5% on everything else after you've spent $6,500 (1%/0.5% before that threshold). While only you can judge whe...
by Eric
Tue Dec 09, 2008 10:00 pm
Forum: Cash Rebate Cards
Topic: Schwab Bank Invest First VISA Signature 2% card:
Replies: 6
Views: 6185

Re: Schwab Bank Invest First VISA Signature 2% card:

Has 2% become the new 1%? I sort of missed this fine advance as we were contemplating the disappearance of the 5% EDP cards. I understand both your reasons, but since I travel internationally a lot (and use an existing Schwab 1% card--which will be terminated--to avoid the 3% foreign exchange fees c...
by Eric
Thu Dec 04, 2008 11:02 pm
Forum: Cash Rebate Cards
Topic: Schwab Bank Invest First VISA Signature 2% card:
Replies: 6
Views: 6185

Schwab Bank Invest First VISA Signature 2% card:

From the Wall Street Journal (and confirmed by phone with Schwab): Schwab Bank Invest First VISA Signature credit card 2% cash rebate on all purchases Rebates are deposited monthly into your Schwab brokerage account (no minimum to establish an account--Schwab also offers electronic transfers from yo...
by Eric
Wed Nov 19, 2008 7:10 pm
Forum: Cash Rebate Cards
Topic: CITI Professional Restaurant 3%?
Replies: 8
Views: 6641

Re: CITI Professional Restaurant 3%?

After a long delay, I figured out that this can indeed be a 3% -- or better -- card. Not through the cashback from Thank You Points, which I explained in a previous contribution gives you only 2.1% or less. Rather as an airline card: if you are enrolled with Expedia (and presumably have earned some ...
by Eric
Sun Nov 09, 2008 10:51 am
Forum: Cash Rebate Cards
Topic: Chase Cash Plus Rewards Card changing
Replies: 35
Views: 16685

Re: Chase Cash Plus Rewards Card changing

I just received my statement and EDP are still at 5%; I've received no letter of doom (knock on wood). It also got me just over 10,000 pts but I'll let it run. Only change that left me puzzled awhile is that the grocery store where I buy beer and wine was reclassified in mid-statement period from an...
by Eric
Fri Oct 10, 2008 9:37 am
Forum: Cash Rebate Cards
Topic: Citi Professional Cash Card
Replies: 2
Views: 2368

Re: Citi Professional Cash Card

Michael, I think the original 3% cashback card was an anomaly. I applied for it but was given the Citi Professional Card which awards Thank You Points, and 3% in TYP translates into only 2% in cash (see a thread on that). So now the two cards are equivalent. I am more concerned about the card agreem...
by Eric
Wed Oct 08, 2008 9:00 am
Forum: Cash Rebate Cards
Topic: Citi Dividend Card changed
Replies: 6
Views: 3658

Re: Citi Dividend Card changed

I received a letter identical to IWISHU's from Citi, having experienced the same history of 5% EDP->2% EDP->sockdrawer. Regrettable but not a surprise. I have put my FBB card (remember when *that* was worth real money?) to receive one small automatic monthly charge and have specified automatic payme...
by Eric
Tue Sep 30, 2008 3:56 pm
Forum: Cash Rebate Cards
Topic: Chase Cash Plus Rewards Card changing
Replies: 35
Views: 16685

Re: Chase Cash Plus Rewards Card changing

It's not just you, hh, I haven't received the letter of death either. I ran my Chase card up to its annual rebate limit in November 2007 and didn't use it again until my HSBC card hit its annual limit in August 2008; now I'm using it again for EDP so its fairly active ... and no change in the 5% EDP...
by Eric
Mon Aug 25, 2008 10:13 am
Forum: Cash Rebate Cards
Topic: What are differences between the good and bad debt?
Replies: 4
Views: 2793

Re: What are differences between the good and bad debt?

Good debt allows you to improve your assets or earning power at a faster rate than the interest you are paying on the debt, so you are better off in the future for having incurred it. That includes most mortgages (particularly because tax deductibility lowers your actual payments after taxes) but no...
by Eric
Fri Aug 22, 2008 4:01 pm
Forum: Small Business Rewards Cards
Topic: GM Business Card
Replies: 2
Views: 4501

Re: GM Business Card

Finvik, A GM dealer would not offer you this card, rewards cards are issued by financial institutions. You apply for it and the benefits received (3%/1% rebates) can be redeemed as Peter specified only on GM products and services--e.g. dealer services on your new vehicle or applied to the cost of a ...
by Eric
Mon Jul 28, 2008 9:49 am
Forum: Cash Rebate Cards
Topic: CITI Professional Restaurant 3%?
Replies: 8
Views: 6641

Re: CITI Professional Restaurant 3%?

You are right, Seegek. Citi Professional comes in two versions, one awarding Cash back, the other Thank You Points. If you try to redeem Thank You Point for cash you need 16,000 points to get $100, i.e. 1.875% rather than 3%. You can do a little better if you receive it as a statement credit to your...
by Eric
Tue Jul 15, 2008 1:19 am
Forum: Cash Rebate Cards
Topic: Kiss Your Credit Card Goodies GOODBYE!!!
Replies: 6
Views: 4329

Re: Kiss Your Credit Card Goodies GOODBYE!!!

hh, I can understand about opening a new card *just* to go into debt, I'd get sick about that too at this point, with the cards I have. But I thought most people on this site, especially you, are aware of the difference between incurring additional debt and lowering one's net worth (i.e. what one do...
by Eric
Mon Jul 07, 2008 12:16 pm
Forum: Cash Rebate Cards
Topic: Kiss Your Credit Card Goodies GOODBYE!!!
Replies: 6
Views: 4329

Re: Kiss Your Credit Card Goodies GOODBYE!!!

"i'd think they make enough money on interest charges to cover that fee!" Lidee, I was actually referring to an offer which may have disappeared: 0%-interest cash advances (with a 3% fee but capped at $75 or $90)--you could advance yourself nearly your entire balance and put it in a CD paying 3-5%, ...
by Eric
Tue May 27, 2008 12:50 pm
Forum: Cash Rebate Cards
Topic: Kiss Your Credit Card Goodies GOODBYE!!!
Replies: 6
Views: 4329

Re: Kiss Your Credit Card Goodies GOODBYE!!!

I think you're being a little strong, Nikethemutt. The reform under discussion has already taken place in Europe, yet last Thursday in Germany I saw an ad for a 1% cashback card. Further, the goodies we get for 2%, 3% or even 5% clearly do not come from the interchange fee, but are marketing costs t...
by Eric
Tue May 13, 2008 10:31 am
Forum: Cash Rebate Cards
Topic: Eric, I have a question
Replies: 2
Views: 2257

Re: Eric, I have a question

Hi, Michael, We make a point of doing this when we travel but are more careless about it at home where it is not really necessary. Also, I share the fate of several people on this forum who have a spouse who thinks such attention to "goodies" is a little over-the-top. I carry an Amex Blue card "for ...
by Eric
Thu May 08, 2008 4:34 pm
Forum: Cash Rebate Cards
Topic: Chase Freedom or Citi Professional?
Replies: 4
Views: 3513

Re: Chase Freedom or Citi Professional?

It certainly is a personal decision. A few years ago my wife's purse was stolen when we were travelling; we could cancel but not replace our cards for awhile and we were fortunate that I had been carrying one card that she had not. So now we do this on purpose, one of our cards not the same as the o...
by Eric
Sat Apr 12, 2008 4:38 pm
Forum: Cash Rebate Cards
Topic: Citicards:To Consolidate or Not?
Replies: 7
Views: 4220

Re: Citicards:To Consolidate or Not?

I just checked and I have a dozen cards, my wife has another which I'm not on. My combined credit limit I'm surprised to find is over $150k. I only actively use three (4 overall, alternating two because of an annual limit on benefits) which I pay off regularly (plus one on which I have a 0% interest...
by Eric
Thu Apr 03, 2008 8:02 pm
Forum: Cash Rebate Cards
Topic: Citicards:To Consolidate or Not?
Replies: 7
Views: 4220

Re: Citicards:To Consolidate or Not?

I can see no reason not to. But, isn't this one of those things where the effort to tweak the system isn't worth the energy? Unless you need the increase in limit on the Professional card (it sounds like you don't) why not just sock-drawer the Driver's Edge and minimize changes to your credit report?
by Eric
Sat Feb 09, 2008 10:57 pm
Forum: Cash Rebate Cards
Topic: Discover Card Promo Jan - March 2008
Replies: 11
Views: 5933

Re: Discover Card Promo Jan - March 2008

Aprylb deserves a more complete explanation, bb. "AA" refers to American Airlines. A company called Rewardsnetwork has established a miles-for-dining with several airlines (AA, UA, NW, DE, others). You can register credit cards so that when you dine at a member restaurant and charge on that card you...
by Eric
Tue Jan 15, 2008 12:10 pm
Forum: Cash Rebate Cards
Topic: Foreign Transaction Fees
Replies: 6
Views: 6467

Re: Foreign Transaction Fees

IWISHU has it pretty much correct about magnitudes, but I think there is a possible source of error there. Mastercard and VISA charge a FX 1% fee no matter what card you carry, and Amex a 2% fee. These fees are imposed on the interbank exchange rate and the result is much better than you can get at ...
by Eric
Tue Jan 08, 2008 5:41 pm
Forum: Cash Rebate Cards
Topic: How many credit card do you have?
Replies: 17
Views: 8524

Re: How many credit card do you have?

I have several cards in my sock drawer, including two which are currently offering 0% financing and so are "active" with one withdrawal almost at the limit and only the minimum payment made each month. All these are no-fee cash rewards cards, my only non-cashback card is a credit union VISA that I c...
by Eric
Tue Dec 18, 2007 11:08 pm
Forum: Cash Rebate Cards
Topic: Chase Freedom and Citi Driver's Edg3
Replies: 17
Views: 7546

Re: Chase Freedom and Citi Driver's Edg3

Often I have panic attack, thinking that I forget to pay some credit card bills. It (flipping multiple cards) simply is not worth it for me at this stage of my comfortable life. Right, hh , but they've also made it simpler for us to review all those multiple cards. Remember First USA, MBNA, Fleet, ...
by Eric
Mon Dec 17, 2007 11:41 pm
Forum: Cash Rebate Cards
Topic: Chase Freedom and Citi Driver's Edg3
Replies: 17
Views: 7546

Re: Chase Freedom and Citi Driver's Edg3

I like a 2-card system too--Amex for non-EDP only until past the threshold, then for everything. HSBC or Chase 5% card for EDP until Amex has reached its threshhold and then substitute a 1% card for where Amex isn't accepted. There are two other considerations, though, if you travel much abroad: (1)...
by Eric
Sat Nov 24, 2007 10:22 pm
Forum: Cash Rebate Cards
Topic: DiscoverCard CashBack Promotion
Replies: 7
Views: 4543

Re: DiscoverCard CashBack Promotion

I agree with hh. Loopholes like this require too much work and skating on ethical thin ice for a minor return. I believe the point of Peter's website is to find ways to exploit The System to the maximum for things we would do anyway and that It tolerates because it makes so much off other suckers, s...
by Eric
Tue Sep 11, 2007 11:00 pm
Forum: Cash Rebate Cards
Topic: Calendar year vs. Anniversary Year
Replies: 2
Views: 2361

Re: Calendar year vs. Anniversary Year

The Amex bluecash goes by anniversary year. I recently learned that the hard way. You should calculate the benefits based on this timing.
by Eric
Sat Sep 08, 2007 2:53 pm
Forum: Cash Rebate Cards
Topic: Losing my grandfathered Citi 5% edp
Replies: 20
Views: 8677

Re: Losing my grandfathered Citi 5% edp

I just received a replacement HSBC card in the mail, though I had never used the first one during the year or so I had had it (they changed benefit programs, Platinum Cash replacing Direct Rewards--now I can get a rebate any time it's over $25 instead of having to await tiers or selecting non-money ...
by Eric
Tue Jul 17, 2007 4:16 am
Forum: Cash Rebate Cards
Topic: Is two cards enough?
Replies: 7
Views: 4514

Re: Is two cards enough?

Well, yes, I do. But only for ATM access (or a MC "cash advance" if I'm in a place with a bank branch but no ATM) anywhere in the world (my credit union doesn't charge ATM fees for other bank's machines). I don't understand why anyone uses a debit card, with less protection than credit cards give yo...
by Eric
Mon Jul 16, 2007 3:28 pm
Forum: Cash Rebate Cards
Topic: Is two cards enough?
Replies: 7
Views: 4514

Re: Is two cards enough?

Yes, the third is only a precaution against theft when traveling. At home we could replace a stolen card overnight. I have more than two cards but, like you, only carry Amex and a VISA.
by Eric
Sat Jul 07, 2007 5:14 pm
Forum: Cash Rebate Cards
Topic: Need some recommendations- thanks!
Replies: 9
Views: 6190

Re: Need some recommendations- thanks!

I'll leave it up to more informed individuals than I as to what cards are currently offering best benefits. I think cards with 5% on everyday purchases, 1% overall are still around and Amex still offers 5%/1.5% that would be interesting at the levels you are spending. You say that you pay off monthl...
by Eric
Wed Jun 27, 2007 8:40 pm
Forum: Cash Rebate Cards
Topic: Cashback at $200 thresholds vs Cashback annually
Replies: 4
Views: 2932

Re: Cashback at $200 thresholds vs Cashback annually

Thanks, guys. I do understand the virtues of simplicity and that you posted. My VISAs are also 1%/5% and so I do tell my wife to use the VISA (I use the Amex so the 1st VISA is less likely to run to its annual rebate limit and I have to instruct her to switch to the 2nd VISA. We also use another car...
by Eric
Tue Jun 26, 2007 11:00 pm
Forum: Cash Rebate Cards
Topic: Cashback at $200 thresholds vs Cashback annually
Replies: 4
Views: 2932

Cashback at $200 thresholds vs Cashback annually

In a different forum Peter noted the difference between annual cashback yield. What do others think? I know Peter favors his Amex card, and to be honest I do too, but I'm beginning to doubt the mathematics of that decision. Here's the logic: Card A: Some cards are threshold cards: you earn $200 in r...
by Eric
Mon Jun 11, 2007 1:50 pm
Forum: Cash Rebate Cards
Topic: HSBC Direct Reward Platinum Card, Still 5%?
Replies: 6
Views: 7970

Re: HSBC Direct Reward Platinum Card, Still 5%?

Eric, is the annual max for Cash Plus card $300 or $600? Are you talking about Cash Plus card or reward plus card that has the $600 limit? Thanks. It's the Chase Rewards Plus, and the $600/year is just the limit on cash rewards; if you'll accept gift certificates (with the same up-to-1%-depending-o...
by Eric
Thu Jun 07, 2007 10:08 am
Forum: Cash Rebate Cards
Topic: Credit Card Rewards in Foreign Countries
Replies: 2
Views: 2381

Re: Credit Card Rewards in Foreign Countries

I've had no trouble with the regular across-the-board rewards (1% on MC or VISA, 1.5% on Amex) in foreign countries, have not tried any 5% EDP cards so cannot tell you about merchant classification. Abroad I am more concerned with minimizing losses than in gaining cashback. There are two fees, (a) t...
by Eric
Tue May 22, 2007 9:56 pm
Forum: Cash Rebate Cards
Topic: Balance Transfers: Please Post Balance Transfer Experiences
Replies: 14
Views: 9242

hh and Lust, We should make clear to others what this thread is talking about; the thread is not clear that this is about making money with zero investment. hh's $115k boggles the mind as to what the earnings may be. It clearly dwarfs the 1-1.5-2-5% limits on most of our purchases, and the credit ca...
by Eric
Wed May 09, 2007 5:06 pm
Forum: Cash Rebate Cards
Topic: Good Rewards Card
Replies: 16
Views: 7492

You've found a good solution carrying those two cards and sock-drawering the one you only use for transactions you want to carry. Since it sounds as though you responsibly pay off your card each month, your objective is to have as high a credit limit as possible. That's because when you apply for cr...
by Eric
Mon May 07, 2007 10:58 pm
Forum: Cash Rebate Cards
Topic: HSBC Direct Reward Platinum Card, Still 5%?
Replies: 6
Views: 7970

HSBC Direct Rewards Gone?

I got an HSBC card but never used it after I heard in this forum that the 5% was gone. At the same time Chase Rewards which gives 5% on EDP increased the annual maximum (cash-back part, they have other offers tied to merchants) to $600 which take care of most of my groceries/drugs/gas purchases (I u...
by Eric
Thu May 03, 2007 9:47 pm
Forum: Cash Rebate Cards
Topic: Is two cards enough?
Replies: 7
Views: 4514

Is two cards enough?

I've made do for years with two cards using similar reasoning to Michael's. If there are two of you consider a third card: when we travel I make sure that my wife and I are not carrying the same backup card, so if one of us is robbed we won't wind up with no valid cards (that happened to us once en ...
by Eric
Thu Mar 08, 2007 4:18 am
Forum: Cash Rebate Cards
Topic: PETE & ALL- IS THERE A CARD THAT GIVES $$ BACK/BUILDS CR
Replies: 4
Views: 3308

Good question. Maybe you're trying to do too much too quickly. The surest way is (1) join a credit union, get their card (probably without 1%, or requiring an annual fee to have 1%, neither of which is good). (2) Use the card and pay it off on time for 3 months. (3) Now apply for a 1% card. It may h...
by Eric
Wed Feb 14, 2007 9:29 pm
Forum: Cash Rebate Cards
Topic: 2% Cards...
Replies: 9
Views: 6012

Re: Grandfathering

How were you able to grandfather the rewards on your cards? I have both the Citi Div. Platinum and the Chase Rewards but I thought the 5% rewards were kaput. I obtained Chase Rewards shortly before they dropped the 5% on EDP and I find I'm grandfathered. I don't know how, just that I am. However, a...
by Eric
Fri Jan 12, 2007 12:02 am
Forum: Cash Rebate Cards
Topic: Balance Transfers: Please Post Balance Transfer Experiences
Replies: 14
Views: 9242

Balance transfer experiences

To be useful to others I want to post a mid-term report on my experience. I am still on track for the investment earnings paid for with my 0% advances (with two transfer fees capped at $75 required to create accounts eligible for transfer to the $0-fee-0%-transfer deals). I will not submit a contrib...
by Eric
Mon Jan 08, 2007 11:45 pm
Forum: Cash Rebate Cards
Topic: Better backup to AMEX?
Replies: 3
Views: 2979

I agree with hh. The "math" to do is: Below the $6.500 threshhold you are giving up only half a percentage point to accumulate points on Amex toward the threshhold if you use it on something for which another card offers a 1% rebate. But you give up more on everything else, 1.5, 2.5 or 4.5 percent i...
by Eric
Thu Dec 28, 2006 11:04 pm
Forum: Gas Cards
Topic: ExxonMobil Mastercard or AMEX for Gas Purchases?
Replies: 6
Views: 7141

Re: ExxonMobil Mastercard or AMEX for Gas Purchases?

hh gives good advice. But the question is not quite clear. Amex is good, once you're past the $6500 threshhold. Below that you're better using it for non-EDP (you forfeit 0.5%, not 4.5% at that tier). hh is right about the other cards, but by coincidence I received the Chase catalog today and note t...
by Eric
Thu Dec 21, 2006 12:08 am
Forum: Cash Rebate Cards
Topic: Question for Peter
Replies: 10
Views: 6532

Michael, You have it nailed; don't change your approach. The questions I have are: (1) Is BP not the best local gas choice for you at pump prince, before the 5% rebate? (It often is best, but not in all locations) (2) Could you do better with a more general 5% card on EDP that includes gasoline (as ...
by Eric
Sun Dec 17, 2006 10:45 pm
Forum: Cash Rebate Cards
Topic: Message for Peter
Replies: 37
Views: 17733

Chase Rewards card

Just to keep everyone up to date: Hving applied (following this discussion thread) and received the card, I've received my first statement on the Chase card, with 5% rebate but without any premium ... posted yet.
by Eric
Sat Nov 25, 2006 4:11 pm
Forum: Cash Rebate Cards
Topic: Best Cashback Card
Replies: 31
Views: 23001

David, The "deal" is not 2% across the board. In the US and most of Europe, credit card companies force the merchant absorb the 3% transaction fee (higher for Amex and some Platinum-plus cards, about which the merchants are complaining). The card companies offering 2%, 5% and occasionally an introdu...
by Eric
Fri Nov 24, 2006 5:54 pm
Forum: Cash Rebate Cards
Topic: Best Cashback Card
Replies: 31
Views: 23001

HSBC Direct Rewards Gone?

Maybe it's just for new applicants. I just received my HSBC card in the mail Wednesday and the flyer says 5% for EDP. I hope I get to use it.
by Eric
Mon Oct 16, 2006 10:17 pm
Forum: Cash Rebate Cards
Topic: Best Cashback Card
Replies: 31
Views: 23001

With the demise of the Citi card 5% on EDP I've applied for the HSBC and am hoping the terms last awhile. While I too hate tiers, at least the Amex Blue Cash only charges 2% on transactions in foreign exchange while all my other cards have now migrated to the 1% VISA/MC + 3% own fee, and for the man...
by Eric
Thu Oct 12, 2006 6:09 am
Forum: Cash Rebate Cards
Topic: Balance Transfers: Please Post Balance Transfer Experiences
Replies: 14
Views: 9242

Thanks, HH. I was aware (from being stung by a rebate offer that terminated a cycle earlier than announced) of the ambiguity in the closing date, and plan to pay off everything a cycle early. I was not aware of the value of paying by cheque, however: my experience otherwise has been that electronic ...
by Eric
Tue Oct 10, 2006 4:46 am
Forum: Cash Rebate Cards
Topic: Balance Transfers: Please Post Balance Transfer Experiences
Replies: 14
Views: 9242

Experience with balance transfers

A more complete response to CA’s question, now using data (my earlier contribution was based on recall and planned activities). Some dates were incorrect in the first response. Also, only #3 responds directly to the question about balance transfers; #2 is related since I needed to create a significa...
by Eric
Sun Sep 03, 2006 11:04 pm
Forum: Cash Rebate Cards
Topic: Balance Transfers: Please Post Balance Transfer Experiences
Replies: 14
Views: 9242

On first experience I would say the answer is "yes". I routinely shredded those "courtesy cheques" until someone on this site pointed out that we are giving away free money. I'm converted. My experience to date: 1. July 2005: $15,000 courtesy cheque, $0 fee, 0% interest until August 2006, from Bank ...
by Eric
Wed Aug 23, 2006 4:53 pm
Forum: Cash Rebate Cards
Topic: time to re-examine whats the current line of thinking?
Replies: 36
Views: 19620

I see in the <I>Wall Street Journal</i> that Amex is reducing the awards on its cards for EDP. The article mentioned green, gold and platinum cards but only mentioned blue without discussing its reward structure. Is it possible that the era of 5% rebates on EDP is coming to an end? (That would event...
by Eric
Sun Jun 04, 2006 11:19 pm
Forum: Cash Rebate Cards
Topic: Annual Fees - Who Pays Them?
Replies: 1
Views: 2665

Annual fees

I agree. But you must consider the cards that charge no annual fee for the first year, and give you lots of benefits for early transactions (I know that airline cards don't belong in this thread, but that's my most recent experience--enough for a free flight in the US for doing your first transactio...
by Eric
Sun Jun 04, 2006 10:09 pm
Forum: Cash Rebate Cards
Topic: No foreign transaction fees?
Replies: 8
Views: 6374

I've contributed in the past regarding cards not charging FX fees, now our options seem to be narrowing as more and more cards charge. Farm Bureau Bank (1% card) didn't impose such a fee, now they will impose 2% as of July 21st. And they will impose it even if the charge is in US$. Can anyone report...
by Eric
Sun Apr 09, 2006 8:41 pm
Forum: Cash Rebate Cards
Topic: Chase extends 0% APR offer to 15 months on Platinum Card
Replies: 2
Views: 3095

Take the 0% offer but retire the card!

Other forums on Peter's website teach: Take the 0% offer, max out the card with a cheque to yourself in a high-interest money market account, do not for any reason use the card or the MM balance for anything else. You'll have to meet the monthly payments (I'm reimbursing $150/mo on a $15,000 cash ad...
by Eric
Sun Apr 09, 2006 8:31 pm
Forum: Cash Rebate Cards
Topic: EmigrantDirect
Replies: 8
Views: 7930

Tax status of rebates

To response to Z062006, I think it's been raised elsewhere in this forum over the last couple of years. Rebates are considered by the IRS (correctly) to be merchant discounts on purchases, not income. However, I wouldn't take that message to the state/local sales tax collectors who therefor owe you ...