topic Re: 2%+ Cash Back on Everything Cards in Credit Cards

2%+ Cash Back on Everything Cards

Anonymous — Fri, 06 Feb 2009 22:48:38 GMT

So far this Schwab card is the only one I heard of that gives at least 2% cash back on everything:

http://www.schwab.com/public/schwab/banking_lending/credit_card?cmsid=P-990780&lvl1=banking_lending&lvl2=credit_card

You need a Schwab brokerage account to access the 2% cash back. Not sure if you need a Schwab brokerage account first before the 2% back starts accumulating

Any other cards out there?

Unfortunately there's not promo APR rate on purchases.

The optimal card I would be looking for would have 12 months 0% APR on purchases plus some kind of nice rewards program.

Re: 2%+ Cash Back on Everything Cards

Anonymous — Sat, 07 Feb 2009 00:01:49 GMT

You can get the brokerage account after you recieve the card. They dont force you to open before applying.

Re: 2%+ Cash Back on Everything Cards

Anonymous — Sat, 07 Feb 2009 00:34:10 GMT

so say you waited 3 months to open the brokerage account, all the while using the schwab card....would those 3months worth of cash back that you've earned be waiting for you when you open the brokerage account?

also, is the $1000 min to open the brokerage account waived when you already have a Schwab credit card?

Message Edited by urgent_help_needed on 02-06-2009 04:34 PM

Re: 2%+ Cash Back on Everything Cards

Anonymous — Sat, 07 Feb 2009 02:34:12 GMT

I dont believe so. FIA card services will be depositing the 2% cash back each month to the brokerage account. But call FIA just to be sure. Also, you actually dont need 1000 minimum when you open a schwab high interest checking account. no minimums whatsoever .Thats what I did (but I dont have the 2% cash back card).

Re: 2%+ Cash Back on Everything Cards

Creditaddict — Sat, 07 Feb 2009 02:44:46 GMT

I like my freedom plus card that gives 3% on top 6 categories.

I don't think I will really ever find myself with over 6 categories, so I should always get 3%!

Re: 2%+ Cash Back on Everything Cards

Anonymous — Sat, 07 Feb 2009 03:02:01 GMT

thanks for the info. How do I apply for Freedom Plus? I googled it and it looks like it's a Chase card, but I can't even find it on the Chase website.

I do see something called the Chase Freedom card, but it's only:

3% Bonus cash back on gas, groceries and fast food purchases for the first six months*

1% Unlimited cash back on everything else. No cap. No expiration.*

Message Edited by urgent_help_needed on 02-06-2009 07:01 PM

Message Edited by urgent_help_needed on 02-06-2009 07:02 PM

Re: 2%+ Cash Back on Everything Cards

Creditaddict — Sat, 07 Feb 2009 03:01:57 GMT

hmmm... maybe apply for the freedom card and then when it comes call and ask for upgrade to Plus. I don't see it on the website either.

Re: 2%+ Cash Back on Everything Cards

Anonymous — Sat, 07 Feb 2009 03:08:44 GMT

hmm they do have a Chase Freedom for Business card that sounds like what you have Creditaddict. Is yours a business card?

Also, is it a no pre-set limit card?

Re: 2%+ Cash Back on Everything Cards

Creditaddict — Sat, 07 Feb 2009 03:10:59 GMT

no, it's a personal card and it is not no preset spending limit.

speaking of business, can you product change a personal chase card into a business card??

Re: 2%+ Cash Back on Everything Cards

Anonymous — Sat, 07 Feb 2009 03:13:29 GMT

not sure. why would you want to do that? by the way, when did you get your freedom plus card?

Re: 2%+ Cash Back on Everything Cards

Creditaddict — Sat, 07 Feb 2009 03:18:58 GMT

My dad swapped out his Circuit City card for it and then we added me as joint!!

Well I recently also product changed a platinum card to a signature Southwest Card that I was also added as joint to and I have replaced the business Amex Charge with the Southwest Card.

So right now I'm not really worried about util because I made use the of the "signature" part of the credit card already and charged up over the limit and will have it paid down before the statement cuts so I have raised the "high balance" that will report to credit, but eventually as I pay down other debt, it would be nice to not have to pay before statement to protect util, if it was a business card I wouldn't have to worry about it.

Re: 2%+ Cash Back on Everything Cards

Anonymous — Sat, 07 Feb 2009 03:23:02 GMT

ok. do you happen to know the month and year of when you got the freedom plus card? that will help me figure out if Chase has discontinued it as a personal card since then. I wonder if you got it before the "credit crunch" started.

Re: 2%+ Cash Back on Everything Cards

Creditaddict — Sat, 07 Feb 2009 03:26:49 GMT

@Anonymous wrote:
ok. do you happen to know the month and year of when you got the freedom plus card? that will help me figure out if Chase has discontinued it as a personal card since then. I wonder if you got it before the "credit crunch" started.
2 weeks ago.

Chase Freedom Visa is 3% for top 3 categories and has no annual fee.

Chase Freedom Plus Mastercard is 3% for top 6 categories and has an annual fee.

The people who obtained the freedom card over a year ago enjoy the original benefits for free that are now covered under the plus card with an annual fee.

Re: 2%+ Cash Back on Everything Cards

Anonymous — Sat, 07 Feb 2009 03:32:19 GMT

thanks. however I theinformation about regular Chase Freedom card I saw on website says

3% Bonus cash back on gas, groceries and fast food purchases for the first six months*

1% Unlimited cash back on everything else. No cap. No expiration.*

Where can I find the Chase Freedom card you're talking about? I'd love 3% on top 3 categories for the life of the card

Re: 2%+ Cash Back on Everything Cards

Creditaddict — Sat, 07 Feb 2009 03:35:21 GMT

@Anonymous wrote:
thanks. however I theinformation about regular Chase Freedom card I saw on website says

3% Bonus cash back on gas, groceries and fast food purchases for the first six months*
1% Unlimited cash back on everything else. No cap. No expiration.*

Where can I find the Chase Freedom card you're talking about? I'd love 3% on top 3 categories for the life of the card

I believe if you read into it more, they are offering the benefits of the Plus card for the first 6 months, then it will revert to the 3% for top 3 categories instead of 6.

1% for all other purchases that don't fall into your top 3 categories

Re: 2%+ Cash Back on Everything Cards

Anonymous — Sat, 07 Feb 2009 07:25:40 GMT

Fidelity Retirement Rewards American Express with 2% cash back on everything

http://personal.fidelity.com/misc/buffers/retirement-rewards-card.shtml.cvsr

(Even though Fidelity calls this a "retirement rewards" card, The fine print reveals that you can choose to have the rewards deposited into any Fidelity account including a Fidelity brokerage account:

http://personal.fidelity.com/misc/buffers/retirement-rewards-card_faq.shtml

"What accounts are eligible for a Fidelity Rewards deposit?

Individual Retirement Account registrations include Traditional IRA, Roth IRA, Rollover IRA, and SEP IRA. Other Fidelity accounts that can accept rewards are non-retirement brokerage accounts and Fidelity-managed 529 Plan accounts that accept Automated Clearing House ("ACH" ) deposits."

Message Edited by MojaveMoon on 02-06-2009 11:25 PM

Re: 2%+ Cash Back on Everything Cards

Anonymous — Sat, 07 Feb 2009 07:20:38 GMT

There's also this:

Emigrant Direct World Mastercard
http://www.emigrantdirectmastercard.com/

1.5% on the first $ 10,000 in purchases and 1.4% thereafter as long as you maintain a minimum balance of $ 10,000 in the Emigrant Direct savings account

and this:

HSBC Weekend Card (link)

- Earn 2% cash back on Saturday and Sunday on every card purchase, everywhere.
- Also earn 1% cash back on card purchases Monday through Friday.

Re: 2%+ Cash Back on Everything Cards

Anonymous — Sat, 07 Feb 2009 07:23:49 GMT

And on another forum, a member last month said this regarding the Fidelity Visa Signature ...

"Spoke with CSR. The 1.5% Fido Visa card will not be upgraded to 2% until after the intial AMEX offer has enough participants to make it a "stable account". The CSR mentioned that this promotional period is typically 6-12 mos. After then, I was lead to believe that the Visa card will get bumped up."

Re: 2%+ Cash Back on Everything Cards

cobaltnv — Sat, 07 Feb 2009 16:34:01 GMT

MojaveMoon,

As I think we have discussed before I have the Fidelity Visa Signature card. With the new 2% back Fidelity AMEX I have been wondering what is going to happen with the Visa. Do you remember what thread the quote below came from? I have tired in vain to find it.

Thanks in advance for any help.

Cheers

@Anonymous wrote:
And on another forum, a member last month said this regarding the Fidelity Visa Signature ...

"Spoke with CSR. The 1.5% Fido Visa card will not be upgraded to 2% until after the intial AMEX offer has enough participants to make it a "stable account". The CSR mentioned that this promotional period is typically 6-12 mos. After then, I was lead to believe that the Visa card will get bumped up."

Re: 2%+ Cash Back on Everything Cards

Anonymous — Sat, 07 Feb 2009 17:12:58 GMT

cobaltnv wrote:
MojaveMoon,
As I think we have discussed before I have the Fidelity Visa Signature card. With the new 2% back Fidelity AMEX I have been wondering what is going to happen with the Visa. Do you remember what thread the quote below came from? I have tired in vain to find it.
Thanks in advance for any help.
Cheers
@Anonymous wrote:
And on another forum, a member last month said this regarding the Fidelity Visa Signature ...

"Spoke with CSR. The 1.5% Fido Visa card will not be upgraded to 2% until after the intial AMEX offer has enough participants to make it a "stable account". The CSR mentioned that this promotional period is typically 6-12 mos. After then, I was lead to believe that the Visa card will get bumped up."

Cobalt: MM stated that that quote came from another forum.