Most Underrated Credit Card?

[enharu]

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@Themanwhocan wrote:

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@SunriseEarth wrote:

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@doctorofcredit wrote:

Everybody knows about the Chase Sapphire Preferred and Barclays Arrival, but what is a card that you think is under rated? It can be because it has a great sign up bonus or because it has great earning potential.

For me it's the following two cards:

American Express Fidelity Rewards

$75 sign up bonus 2% cash back on all purchases (entered into any eligible fidelity account)

U.S Bank Cash+ Signature Visa

You get to choose two 5% categories ($5,000 limit per quarter) and one 2% category, everything else is 1%.

You can view the categories here

Main issue is that you have to apply in branch and it has no sign up bonus


What card do you think is the most underrated?

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For general spending without categories, the Cap One QuickSilver with 1.5% cash back on everything is actually very competitive.  Plus, you can redeem as often as you wish. 

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Cash+ is the winner, hands down.

People go gaga over the American Express BCP. But the absolute best cash back you can earn with that is 4.75%, and that is very unlikely to occur.

With the Cash+ you can use it for only the 5% categories, and get 6.25% cash back. or only use it for 2% categories and earn 2.5% cash back. Thats the advantage of no annual fee, and a $25 bonus when you cash out $100 in rewards each year. just spend enough to earn $100 then stop. doesn't get simpler than that.  Is that too restrictive? Then get a second Cash+ card.

There are overlooked cards I could mention. But for underrated, its gotta be Cash+ in my book.

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The cash+ is a good card, but it has its limitations as well now. Caps are in place, checking account bonuses are removed, $25 bonus for $100 redemptions are limited to 1 per calendar year, and several 'lucrative' categories are also removed.

The cash+ is definitely one of the best cards for up to 8k in annual spend in those specific bonus categories. After that, many other cards are much better. Or if most of your spending happens to fall outside of those bonus categories, then the Cash+ card will seem pretty useless as well. The BCP is a great card for people whom buy a lot of groceries, or gift cards in grocery stores. 

It's also too much work and trouble to get a 2nd cash+ card. One has to apply for some other random product, and then request for a PC which may or may not be done. For all that effort and time involved, One probably is better off spending that time bugging the crap out of a banker to waive AF for the Citi prestige or for him to endorse the application for the Palladium despite not having any CPC / JP banking relationship.

[doctorofcredit]

How are you getting 6.25% cash back on the US Bank+ card?

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With the Cash+ you can use it for only the 5% categories, and get 6.25% cash back. or only use it for 2% categories and earn 2.5% cash back. Thats the advantage of no annual fee, and a $25 bonus when you cash out $100 in rewards each year. just spend enough to earn $100 then stop. doesn't get simpler than that.  Is that too restrictive? Then get a second Cash+ card.

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[enharu]

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@doctorofcredit wrote:

How are you getting 6.25% cash back on the US Bank+ card?

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With the Cash+ you can use it for only the 5% categories, and get 6.25% cash back. or only use it for 2% categories and earn 2.5% cash back. Thats the advantage of no annual fee, and a $25 bonus when you cash out $100 in rewards each year. just spend enough to earn $100 then stop. doesn't get simpler than that.  Is that too restrictive? Then get a second Cash+ card.

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im guessing he factored in the bonus for US bank checking customers. 

That bonus is now no longer available. People used to get like 25% extra rewards for being a gold checking customer, and more for Platinum (can't remember the specific numbers).

[Leadberry]

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@doctorofcredit wrote:

Everybody knows about the Chase Sapphire Preferred and Barclays Arrival, but what is a card that you think is under rated? It can be because it has a great sign up bonus or because it has great earning potential.

For me it's the following two cards:

American Express Fidelity Rewards

$75 sign up bonus 2% cash back on all purchases (entered into any eligible fidelity account)

U.S Bank Cash+ Signature Visa

You get to choose two 5% categories ($5,000 limit per quarter) and one 2% category, everything else is 1%.

You can view the categories here

Main issue is that you have to apply in branch and it has no sign up bonus


What card do you think is the most underrated?

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I would hardly call either one of those cards underrated.  Both get very high marks from reviewers everywhere.  The Fidelity Amex has won multiple awards for being such a strong card.

[Leadberry]

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@thom02099 wrote:

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@doctorofcredit wrote:

Everybody knows about the Chase Sapphire Preferred and Barclays Arrival, but what is a card that you think is under rated? It can be because it has a great sign up bonus or because it has great earning potential.

For me it's the following two cards:

American Express Fidelity Rewards

$75 sign up bonus 2% cash back on all purchases (entered into any eligible fidelity account)

U.S Bank Cash+ Signature Visa

You get to choose two 5% categories ($5,000 limit per quarter) and one 2% category, everything else is 1%.

You can view the categories here

Main issue is that you have to apply in branch and it has no sign up bonus


What card do you think is the most underrated?

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Underrated and under promoted = Merrill Lynch Plus Signature Visa. 

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I think the Merrill+ benefits can be great, but for a very specific demographic.  For me they're pretty useless.  The rewards value will depend highly on your travel habits it seems.

[longtimelurker]

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@enharu wrote:

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@doctorofcredit wrote:

How are you getting 6.25% cash back on the US Bank+ card?

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With the Cash+ you can use it for only the 5% categories, and get 6.25% cash back. or only use it for 2% categories and earn 2.5% cash back. Thats the advantage of no annual fee, and a $25 bonus when you cash out $100 in rewards each year. just spend enough to earn $100 then stop. doesn't get simpler than that.  Is that too restrictive? Then get a second Cash+ card.

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im guessing he factored in the bonus for US bank checking customers. 

That bonus is now no longer available. People used to get like 25% extra rewards for being a gold checking customer, and more for Platinum (can't remember the specific numbers).

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No, TMWC has written this before, just being "creative"   He gets the figure from the single $25 bonus you get for redeeming $100.   So if you spend exactly $2000 in the year, you get $125 back, for a 6.25% figure, which compares well to the figure he gives for BCP.

But as with that card, as you increase your spend to $8000 a year, you get $425 back, which is 5.3%

The problem with both cards is the cap on the highest bonus, which really limits the value.   If your spend really is $2000 a year, you are better off just getting cards for the bonus, a single $200 bonus far outstrips the $125 from the Cash Plus (and you would earn on that card as well)

[juggalo9er]

credit one gas card

• Platinum Status
• 1% Gas Rewards
• Automatic Credit Line Increase Reviews
• Free Online Monthly Credit Score Tracking
• Updates to All Major Credit Bureaus
• $0 Fraud Liability

23.9% apr

35$-99$ af

ITS COMPLETELY UNLIMITED earning potential makes it #1

[grinlikechelsea]

• Huntington Voice WMC
• JCB Mauraki (if you live within their area)
• Merrill+ Visa Sig
• PNC CashBuilder Visa

[CreditScholar]

For those who can qualify, the JCB Marukai card is quite good. I think it's something like:

1% cash back for the first $1000

2% cash back for the next $1000

3% cash back on all purchases after $3000

[efranklin23]

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@yudeology101 wrote:

Hmmm.....

How about First Premier with 36% APR w/ amazing super cheap $75AF, which is so much cheaper than AMEX Plat?  How about the rewards?  Let's see....More APR! First Premier offers the best APR in the country, a whopping 36% will have your checking account drained out in no time!!  You'll be awesomely surprised by the fact that you'll may never have a $0 balance after your statement cut...but hey...who likes having 0s in their balance?

Sorry, i just had to put that up there...

Now back to the topic:

I would also agree w/ Cap1 QS w/ 1.5% cashback on all purchases, but i also like BOA's CashRewards:  3% Cashback on Gas, 2% on Groceries, and 1% cashback in everything else. 

::edited for typo::

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LOOOOOOOL! You're a fool for that one Yude!

+1 for the BofA 321. I also think the BofA Travel Rewards as you get free entrances to museums and tourist attractions around the US. Not to mention they have really loose standards on what's considered travel credit. I used travel credit one time at a gas station!!! Not to mention 10% bonus back to your account if you do direct deposit to a qualifying account.