topic Re: Visa AND Mastercard in Credit Cards

Visa AND Mastercard

Anonymous — Sat, 12 Aug 2017 12:54:53 GMT

Hi, guys.

I would like to clarify something. I do tend to be obsessive (i.e., cover all bases).

Both my Cap One Quicksilver MC and my Chase Freedom Unlimited Visa do the same thing with rewards (1.5% cash back). I am not interested in Chase ultimate points. I am strictly a "cash back" dude.

I use AMEX BCP for 6% groceries and 3% gas (even though I don't travel much). I use Quicksilver for the 1.5% back. I was thinking of also carrying the Freedom Unlimited for two reasons:

I would have both Mastercard and Visa on my person (the two big guys).

In case Cap One declines my purchase I would still have Chase as a backup.

Both cards pay out 1.5% so there is no real disadvantage for using one or the other.

AMEX acceptance is not as good, so I would hate to have this happen at a "Visa/Mastercard only" merchant.

Discover sits in my sock drawer as an emergency backup, just in case my wallet is lost/stolen.

?????

Re: Visa AND Mastercard

UpperNwGuy — Sat, 12 Aug 2017 13:00:40 GMT

Your logic makes sense to me.

Re: Visa AND Mastercard

AverageJoesCredit — Sat, 12 Aug 2017 13:06:25 GMT

Your input is logical

Re: Visa AND Mastercard

Anonymous — Sat, 12 Aug 2017 13:24:36 GMT

Sounds good to me, though I don't know of any place that takes MasterCard and not Visa, so it seems like two Visa cards would be just as good as a Visa/MC combo. But if I were going to carry a Visa/MC combo, I would do the Fidelity Visa and the Citi DoubleCash MasterCard, and get 2% instead of 1½%.

Chris.

Re: Visa AND Mastercard

MrDisco99 — Sat, 12 Aug 2017 14:26:41 GMT

My ideal cash back lineup:

Amex BCP - excellent grocery earning rate may be worth the AF

Citi DC MC - 2% catch all with excellent protection benefits

Cap1 Premier Dining Rewards MC - 3% restaurants, my biggest category, also no FTF

Chase Freedom Visa - for when 5% categories are better than above

That would cover the Amex/MC/Visa networks.

Re: Visa AND Mastercard

Anonymous — Sun, 13 Aug 2017 02:01:57 GMT

@MrDisco99 wrote:
My ideal cash back lineup:

Amex BCP - excellent grocery earning rate may be worth the AF
Citi DC MC - 2% catch all with excellent protection benefits
Cap1 Premier Dining Rewards MC - 3% restaurants, my biggest category, also no FTF
Chase Freedom Visa - for when 5% categories are better than above

That would cover the Amex/MC/Visa networks.

You forgot Bank of America Cash Rewards which gives minimum of 3 percent on gas. If you have Bank of America accounts it goes up to 3.3to 4.5 percent depending on your balance.

Re: Visa AND Mastercard

wasCB14 — Sun, 13 Aug 2017 02:04:37 GMT

@Anonymous wrote:
@MrDisco99 wrote:
My ideal cash back lineup:

Amex BCP - excellent grocery earning rate may be worth the AF
Citi DC MC - 2% catch all with excellent protection benefits
Cap1 Premier Dining Rewards MC - 3% restaurants, my biggest category, also no FTF
Chase Freedom Visa - for when 5% categories are better than above

That would cover the Amex/MC/Visa networks.

You forgot Bank of America Cash Rewards which gives minimum of 3 percent on gas. If you have Bank of America accounts it goes up to 3.3to 4.5 percent depending on your balance.

Actually it goes up to 5.25%.

Re: Visa AND Mastercard

Anonymous — Sun, 13 Aug 2017 05:27:37 GMT

1. 2% cards are readily available, get one and use it as your base card.

2. Release your Discover from SD for its 5% category.

3. PC your FU to Freedom for its 5% Category.

4. SD your QS until you visit a foreign country.

Re: Visa AND Mastercard

MrDisco99 — Sun, 13 Aug 2017 14:22:21 GMT

@Anonymous wrote:
@MrDisco99 wrote:
My ideal cash back lineup:

Amex BCP - excellent grocery earning rate may be worth the AF
Citi DC MC - 2% catch all with excellent protection benefits
Cap1 Premier Dining Rewards MC - 3% restaurants, my biggest category, also no FTF
Chase Freedom Visa - for when 5% categories are better than above

That would cover the Amex/MC/Visa networks.

You forgot Bank of America Cash Rewards which gives minimum of 3 percent on gas. If you have Bank of America accounts it goes up to 3.3to 4.5 percent depending on your balance.

I didn't include it because the BCP already returns 3% on gas and I don't have 100 grand to park in a ML account.

Re: Visa AND Mastercard

SouthJamaica — Sun, 13 Aug 2017 14:59:08 GMT

@Anonymous wrote:
Hi, guys.

I would like to clarify something. I do tend to be obsessive (i.e., cover all bases).

Both my Cap One Quicksilver MC and my Chase Freedom Unlimited Visa do the same thing with rewards (1.5% cash back). I am not interested in Chase ultimate points. I am strictly a "cash back" dude.

I use AMEX BCP for 6% groceries and 3% gas (even though I don't travel much). I use Quicksilver for the 1.5% back. I was thinking of also carrying the Freedom Unlimited for two reasons:

I would have both Mastercard and Visa on my person (the two big guys).

In case Cap One declines my purchase I would still have Chase as a backup.

Both cards pay out 1.5% so there is no real disadvantage for using one or the other.

AMEX acceptance is not as good, so I would hate to have this happen at a "Visa/Mastercard only" merchant.

Discover sits in my sock drawer as an emergency backup, just in case my wallet is lost/stolen.

?????

Sounds like a good plan if you have room for 3 cards.

Re: Visa AND Mastercard

Meanmchine — Sun, 13 Aug 2017 15:43:06 GMT

Sams Club takes MC but not Visa

Re: Visa AND Mastercard

MrDisco99 — Sun, 13 Aug 2017 15:48:00 GMT

Sams Club used to only take Discover. They're kinda special.

Also I know for a fact the one by me accepts Visa as well. Or at least they did a year ago.

Re: Visa AND Mastercard

wasCB14 — Sun, 13 Aug 2017 16:22:46 GMT

I used Visa on the Sam's website last month. Not sure if the warehouses take it.

Re: Visa AND Mastercard

Anonymous — Sun, 13 Aug 2017 16:34:41 GMT

Sams Club takes everything including Visa, their old policy of only accepting Visa online ended over a year ago.

Re: Visa AND Mastercard

wasCB14 — Sun, 13 Aug 2017 16:54:31 GMT

@Anonymous wrote:
Sams Club takes everything including Visa, their old policy of only accepting Visa online ended over a year ago.

It seems like Visa has really come out the winner.

First they were the only one of the four not in Costco (A) or Sam's (MC/D). Now they're in both and Costco's only warehouse option.

Re: Visa AND Mastercard

Meanmchine — Sun, 13 Aug 2017 17:26:56 GMT

My understanding is that for Sams Club, Visa is acceptable only if its a debit card, not a bankcard

Re: Visa AND Mastercard

MrDisco99 — Mon, 14 Aug 2017 00:31:11 GMT

@Meanmchine wrote:
My understanding is that for Sams Club, Visa is acceptable only if its a debit card, not a bankcard

Nah I used my Synovus Visa there last year.

Re: Visa AND Mastercard

UncleB — Mon, 14 Aug 2017 05:32:36 GMT

@Meanmchine wrote:
My understanding is that for Sams Club, Visa is acceptable only if its a debit card, not a bankcard

That's the way it used to be before they started taking Visa Credit; it changed February 1, 2016.

Since the change I've used all of my Visa credit cards in-club at one time or another; I used my USAA Limitless there just a couple of weeks ago.

Here's another link: https://www.nerdwallet.com/blog/credit-cards/sams-club-starts-accepting-visa/