topic Re: Synchrony rewards in Credit Cards

Synchrony rewards

axxy — Tue, 11 Nov 2014 03:22:16 GMT

I was considering getting a Sams Club credit card and/or one other I forgot, both from Synchrony, because of the 3% cash back on restaurants during quarters when I don't get 5% from Discover etc. But after reading the fine print I'm not sure I like the deal. It said the rewards expire after 24 months. I always forget to cash in my rewards, but it's not usually a problem, because my cards mostly have rewards that never expire. And also the rewards expire after 12 months if you don't use the card in those 12 months. But that's not a real problem. The 24 months is the real problem.

Are there any other banks whose credit cards have 3% cash back on restaurants? Not counting the ones that only have them some quarters of the year. And not counting Amex, because I have other reasons for not applying for an Amex card.

Right now the best I have for restaurants during off quarters is an Amazon card from Chase, at 2%. I got it partly for that 2% and partly because I got an Amazon gift card added to my Amazon account for signing up for it. I used to have a 2%-on-everything card, but it got reduced to 1.5%, which is why I even care about other cards to maximize my rewards on everything. I use BoA now for Walmart, because it gives 2%. I used to use Penfed there, but now they're only good for gas, at 5%, during quarters when Discover isn't 5% gas.

Re: Synchrony rewards

BearsAndTurtlesRtheBest — Tue, 11 Nov 2014 03:31:39 GMT

What about Citi Double Cash WORLD MasterCard 2% cash back?

Re: Synchrony rewards

axxy — Tue, 11 Nov 2014 03:42:08 GMT

My Amazon card from Chase gives 2% on restaurants. What I'm looking for now is to get more than 2% on restaurants, in quarters when none of my cards give 5%.

Re: Synchrony rewards

FinStar — Tue, 11 Nov 2014 03:47:43 GMT

Chase AARP - 3% on restaurants, no caps or expirations

http://www.aarpcreditcard.com/Default

Re: Synchrony rewards

BearsAndTurtlesRtheBest — Tue, 11 Nov 2014 03:52:40 GMT

@FinStar wrote:
Chase AARP - 3% on restaurants, no caps or expirations

http://www.aarpcreditcard.com/Default

Re: Synchrony rewards

Themanwhocan — Tue, 11 Nov 2014 04:15:00 GMT

Re: Synchrony rewards

axxy — Sat, 06 Dec 2014 19:06:34 GMT

@FinStar wrote:
Chase AARP - 3% on restaurants, no caps or expirations

http://www.aarpcreditcard.com/Default

Do you have to be a member of AARP?

Re: Synchrony rewards

Anonymous — Sat, 06 Dec 2014 19:10:47 GMT

Only if you want to

Re: Synchrony rewards

chalupaman — Sat, 06 Dec 2014 19:46:36 GMT

@axxy wrote:
@FinStar wrote:
Chase AARP - 3% on restaurants, no caps or expirations

http://www.aarpcreditcard.com/Default

Do you have to be a member of AARP?

Not at all.

Re: Synchrony rewards

Themanwhocan — Sun, 07 Dec 2014 01:53:06 GMT

Probably the best everyday Restaurant card is the Security Service Power Travel Rewards World MasterCard.

3X Gas, Travel, Dining, 1X everything else. Plus an annual 10% bonus on points earned.

No annual fee.

No cash advance fee.

No balance transfer fee.

No foreign transaction fee.

You have to have a yearly income of at least $50,000 to get this card.

Credit limits available up to $50,000

Purchase APR between 10.00% - 11.00%

No limit on number of points you can accumumate per year on this card.

Points earned on this card have no expiration date. Note: their other cards do have points caps and expiration dates.

Someone on myfico told me that they don't have a statement credit option, but Amazon.com gift cards are available at a 1pt = 1cent valuation. I don't know how big of a gift card you need to buy to get that valuation. If anyone has more details i'd be interested, as would others I'm sure.

So basically, 3.3% cash back with no spending caps, and a low APR (for a rewards credit card) for purchases. Without a lot of common fees.

Re: Synchrony rewards

wacdenney — Sun, 07 Dec 2014 02:01:34 GMT

Security Service looks like a credit Union with rather limited membership options. I don't think I would choose it over AARP even if I did happen to live in Texas.

Re: Synchrony rewards

Anonymous — Sun, 07 Dec 2014 02:49:23 GMT

@Themanwhocan wrote:
Probably the best everyday Restaurant card is the Security Service Power Travel Rewards World MasterCard.

3X Gas, Travel, Dining, 1X everything else. Plus an annual 10% bonus on points earned.
No annual fee.
No cash advance fee.
No balance transfer fee.
No foreign transaction fee.
You have to have a yearly income of at least $50,000 to get this card.
Credit limits available up to $50,000
Purchase APR between 10.00% - 11.00%
No limit on number of points you can accumumate per year on this card.
Points earned on this card have no expiration date. Note: their other cards do have points caps and expiration dates.

Someone on myfico told me that they don't have a statement credit option, but Amazon.com gift cards are available at a 1pt = 1cent valuation. I don't know how big of a gift card you need to buy to get that valuation. If anyone has more details i'd be interested, as would others I'm sure.

So basically, 3.3% cash back with no spending caps, and a low APR (for a rewards credit card) for purchases. Without a lot of common fees.

Gonna have to look into this once my EQ catches up to my EX/TU.

Re: Synchrony rewards

hsspres — Mon, 08 Dec 2014 19:49:02 GMT

@Anonymous wrote:
@Themanwhocan wrote:
Probably the best everyday Restaurant card is the Security Service Power Travel Rewards World MasterCard.
Gonna have to look into this once my EQ catches up to my EX/TU.

I just checked membership requirements for SSFCU, service area is Texas (San Antonio, Austin, El Paso, Rio Grande Valley, Corpus Christi), Colorado (Denver, Colorado Springs, Pueblo, Fort Collins, Loveland, Boulder, Broomfield), or Utah (Salt Lake and Utah counties).

Re: Synchrony rewards

axxy — Fri, 12 Dec 2014 21:06:09 GMT

Does Chase share any information with AARP? I already get too much junk mail from AARP.