09-22-2008 08:26 AM - edited 09-22-2008 08:30 AM
Yes. Better deal if you spend over $800+ in category areas each month to cover the $30 annual fee. I might get this one now. Thanks
09-22-2008 08:43 AM
UpUpUp wrote:I don't think so. Read the link posted above it says:"Get the card that rewards you the most where you spend the most! Whether you want cash back, points, or miles, it's your choice. You also get unlimited earning, no caps and no expiration dates on rewards."...and when I called customer service they told me the same. Plus, while I have yet to sit down and add up exactly what my spending and rewards are, I'm bringing in $40-45 per month in cash rewards, so I don't think I'd be able to do that if there were caps.
There are still caps on the 3% bonus categories with the Freedom Plus. After you exceed them, they revert to 1%.
Message Edited by UpUpUp on 09-22-2008 11:24 AM
09-22-2008 09:49 AM
Looks like you are right. I was mistaken in that I thought the 2% bonus on the categories went away at $600 bonus spending. Looks like that's only the regular Freedom.
I will still end up better using the regular Freedom due to my better rewards from other cards.
09-28-2008 02:21 AM - edited 09-28-2008 02:27 AM
The points really are no hassle too. You can convert them after you've earned a certain amount, I think 800, into either cash, statement credit or gift cards (and it's really quick and easy).
I have the same card in a higher credit category and it only offers 2 points/dollar. The points convert easily to cash and 1 point = 1 penny. I think the points are the same percentage on the lower grade card, but plan to call Capitol One to check. If so, I will switch mine over to the lower grade card, because it would be very easy to make up the $29.00 AF at that kind of rewards rate.
10-13-2008 08:35 AM
I don't like credit cards like Discover's Open Road. Too many tiers to worry about to get the max benefits.
I stick with my Shell Mastercard. Clear and to the Point.
( 1 ) 5% on all Shell Gasoline Purchases
( 2 ) 5% on all Shell Store Purchases
( 3 ) 5% on all Jiffy Lube Purchases daily up to $100
( 4 ) 1% everywhere else
No benefit maxiums. All rebates applied to your next statement.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO