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Regular Contributor
Posts: 139
Registered: ‎08-20-2008
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Any suggestions for a good REWARDS CARD?

Hello everyone!

I'm looking for a good all around rewards card (gas, groceries, everyday purchases). I don't care about interest rates because I PIF, and I refuse to pay any kind of monthly maintainance or annual fee. My FICO scores range between  low to mid 700's and my credit reports are clean. I have a WAMU Platinum 3.5K limit 18 months old, Providian 8K limit 8 years old and a Lowes 2K limit 6 months old. Always pay in full and never, ever carry a balance.

 

Many thanks in advance for your suggestions. 

Regular Contributor
Posts: 184
Registered: ‎03-04-2008

Re: Any suggestions for a good REWARDS CARD?

I really like the PenFed platinum rewards visa. No annual fee, with 5% cashback for gas, 2% Groceries, and 1.25% for everything else. There is no limit or cap to the rewards you can earn.

 

My second fave that has no fee would be Discover.

Regular Contributor
Posts: 134
Registered: ‎05-05-2008
0

Re: Any suggestions for a good REWARDS CARD?

[ Edited ]

Another cheer for the Penfed Platinum Cash Rewards card. For all the reasons stated above. But for also being a true no hassle card. Rewards are automatically credited back to your account monthly. No dealing with some pre-set threshold you must reach. A true workhorse card that simply saves you money.

 

Wanted to add in case you were unaware Pentagon Federal Credit Union requires membership. There are many ways to join free the easiest being that you know another member who would sponsor you in. However if you meet none of the free membership options you can join NMFA (National Military Families Association) for $20 right from the Penfed website. That brings the total for membership to $25 since you must open a $5 share account.

 

They pull upon membership so do not be shy about application you already took the hit and they use that pull for everything for up to 90 days. One warning they have a known dislike of many INQ's and new accounts.

Message Edited by shreco on 11-30-2008 08:17 PM
FICO TU 730 EQ 731 EX 706
Member
Posts: 17
Registered: ‎10-30-2008
0

Re: Any suggestions for a good REWARDS CARD?

I personally think that PenFed is hands down the best... when I joined the MOAA was offering free one month trials so maybe they still have those.
Established Contributor
Posts: 786
Registered: ‎09-15-2008
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Re: Any suggestions for a good REWARDS CARD?

I hate to sa yit, but AMEX.


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Posts: 28,098
Registered: ‎04-01-2007

Re: Any suggestions for a good REWARDS CARD?

I have PenFed and AmEx, and I think PenFed wins, hands down.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Regular Contributor
Posts: 122
Registered: ‎06-02-2008
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Re: Any suggestions for a good REWARDS CARD?

The caveat of course is that you need near pristine credit to get the penfed card. And if you have no military connections, you have to donate to some nonprofit on top of your $5.00 membership fee. Otherwise, go with Discover if you don't feel like holding off until your scores are near 690-700.

 

Offtopic: penfed made 1 inquiry for both my membership pull and credit card application. Those of you who got hit with two inquiries (I've only seen two such posts) got a raw deal. 

Established Contributor
Posts: 536
Registered: ‎08-26-2008
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Re: Any suggestions for a good REWARDS CARD?

There's also the Nasa credit union Visa Platinum with cashRewards:

http://www.nasafcu.com/l2.aspx?ci=1042


You qualify for membership by joining the National Space Society:

http://www.nasafcu.com/l2.aspx?ci=866

On another site some people have reported only one report being pulled while other people have reported all three reports being pulled.
Established Contributor
Posts: 536
Registered: ‎08-26-2008
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Re: Any suggestions for a good REWARDS CARD?

[ Edited ]
Lake Michigan Credit Union cash back credit card --

https://www.lmcu.org/Loans/Credit.aspx

# Rate as low as Prime + 7.25% (variable)
# 3% cash back on gas purchases (up to $500 per month) or three Reward points on gas purchases.
# 2% cash back on all grocery purchases (unlimited) or two Reward Points on all grocery purchases.
# 1% cash back on all other purchases (unlimited) or one Reward Point on all other purchases.


Join through ALS (Amyotrophic Lateral Sclerosis Association) West Michigan Chapter donation -- Minimum $$ unknown ($ 5.00 ?)

http://webmi.alsa.org/site/PageServer?pagename=MI_Donation_Page
Message Edited by MojaveMoon on 12-01-2008 06:27 AM
Established Contributor
Posts: 672
Registered: ‎07-05-2008
0

Re: Any suggestions for a good REWARDS CARD?

American Express True Earnings (Cash-back):

3% Gas

3% Restaurants

2% Travel

1% Everything else

 

Fidelity Visa Rewards Signature (Points):

1.5% Everything

*Redeemable for 1.5% cash-back

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