topic Re: 2% Cards options in Credit Cards

2% Cards options

lexrjSD — Fri, 16 Nov 2018 01:32:45 GMT

What are some great options for 2% cards without AF? I was looking into Citi Double Cash but was wondering what else is out there.

Re: 2% Cards options

wasCB14 — Fri, 16 Nov 2018 01:43:52 GMT

State Department FCU has a nice one.

$200 after $3k spend

No AF

No FTF

Cell phone protection (I don't know the details)

Re: 2% Cards options

Gmood1 — Fri, 16 Nov 2018 02:10:00 GMT

Blispay
PayPal 2% Cash Rewards
Fidelity Awards
BBVA Compass Cash Rewards

Re: 2% Cards options

SBR249 — Fri, 16 Nov 2018 02:15:49 GMT

PenFed Power Cash Rewards (need to park $500 in a checking account or be military/veteran).

If you are into Chase's UR program then some people consider their FU card to be broadly equivalent to a 2% CB card or better.

Re: 2% Cards options

Anonymous — Fri, 16 Nov 2018 02:17:33 GMT

PayPal 2% Mastercard backed by Syncrony

Re: 2% Cards options

UpperNwGuy — Fri, 16 Nov 2018 03:58:35 GMT

@SBR249 wrote:
PenFed Power Cash Rewards (need to park $500 in a checking account or be military/veteran).

If you are into Chase's UR program then some people consider their FU card to be broadly equivalent to a 2% CB card or better.

In my opinion, the PenFed PCR and the Chase FU are the best two options for 2% across the board.

Re: 2% Cards options

KDKobes — Fri, 16 Nov 2018 04:03:55 GMT

First National Bank has 2 cards that offer 2% back, one of which is actually 3% for the first 6 months. Personally I’ve had no issues and use mine frequently. Locally based customer support too.

Re: 2% Cards options

lexrjSD — Fri, 16 Nov 2018 04:47:15 GMT

@KDKobes wrote:
First National Bank has 2 cards that offer 2% back, one of which is actually 3% for the first 6 months. Personally I’ve had no issues and use mine frequently. Locally based customer support too.

Is that the First National Bank of Omaha? Can I get the card in California?

Re: 2% Cards options

lexrjSD — Fri, 16 Nov 2018 04:50:06 GMT

@UpperNwGuy wrote:
@SBR249 wrote:
PenFed Power Cash Rewards (need to park $500 in a checking account or be military/veteran).

If you are into Chase's UR program then some people consider their FU card to be broadly equivalent to a 2% CB card or better.
In my opinion, the PenFed PCR and the Chase FU are the best two options for 2% across the board.

Isnt the Chase Freedom 1.5%?

Re: 2% Cards options

staticvoidmain — Fri, 16 Nov 2018 07:32:25 GMT

PayPal. 2% cashback, no asterisk.

Anyone can sign up for a PayPal account, any time.

3% with asterisk.

Re: 2% Cards options

Anonymous — Fri, 16 Nov 2018 09:16:32 GMT

@lexrjSD wrote:
@UpperNwGuy wrote:
@SBR249 wrote:
PenFed Power Cash Rewards (need to park $500 in a checking account or be military/veteran).

If you are into Chase's UR program then some people consider their FU card to be broadly equivalent to a 2% CB card or better.
In my opinion, the PenFed PCR and the Chase FU are the best two options for 2% across the board.
Isnt the Chase Freedom 1.5%?

YES

Re: 2% Cards options

Anonymous — Fri, 16 Nov 2018 09:29:44 GMT

@lexrjSD wrote:
@KDKobes wrote:
First National Bank has 2 cards that offer 2% back, one of which is actually 3% for the first 6 months. Personally I’ve had no issues and use mine frequently. Locally based customer support too.
Is that the First National Bank of Omaha? Can I get the card in California?

The First National Bank of Omaha "FNBO" occassionally opens up credit card products either by special invitation or a few months (generally October to January) each year and offers various products beyond it's banking market foot print (seven states). The First National Bank's 2% (plus special 3% six months) Cash Back Platinum Visa Card is restricted to it's bank marketing foot print this year!

Re: 2% Cards options

SBR249 — Fri, 16 Nov 2018 11:28:57 GMT

@lexrjSD wrote:
@UpperNwGuy wrote:
@SBR249 wrote:
PenFed Power Cash Rewards (need to park $500 in a checking account or be military/veteran).

If you are into Chase's UR program then some people consider their FU card to be broadly equivalent to a 2% CB card or better.
In my opinion, the PenFed PCR and the Chase FU are the best two options for 2% across the board.
Isnt the Chase Freedom 1.5%?

If you redeem your FU UR points for cashback then yes it's a 1.5% CB card. Which is why I qualified my statement with "if you are into Chase's UR program" on the assumption that if you are trying to earn UR points then you are planning to redeem your UR points for travel at a much higher rate than just their cashback face value. I see that you have the Chase Sapphire Reserve, which would allow you to pool UR points from multiple Chase UR-earning cards as well as transfer them to partner airlines or use them in the Chase travel portal. The current TPG valuation for Chase UR points is 2¢ per point when used to transfer to partner airlines for travel redemption. That should serve as a rough guideline for the best value you can expect out of your UR points if you are willing to optimize their use.

tl;dr yes it's 1.5% as straight cashback, but if you are in the game of earning URs, you probably aren't pursuing a pure cashback strategy anyway and the FU card becomes more valuable.

Re: 2% Cards options

Green456 — Fri, 16 Nov 2018 13:29:57 GMT

@SBR249 wrote:
@lexrjSD wrote:
@UpperNwGuy wrote:
@SBR249 wrote:
PenFed Power Cash Rewards (need to park $500 in a checking account or be military/veteran).

If you are into Chase's UR program then some people consider their FU card to be broadly equivalent to a 2% CB card or better.
In my opinion, the PenFed PCR and the Chase FU are the best two options for 2% across the board.
Isnt the Chase Freedom 1.5%?
If you redeem your FU UR points for cashback then yes it's a 1.5% CB card. Which is why I qualified my statement with "if you are into Chase's UR program" on the assumption that if you are trying to earn UR points then you are planning to redeem your UR points for travel at a much higher rate than just their cashback face value. I see that you have the Chase Sapphire Reserve, which would allow you to pool UR points from multiple Chase UR-earning cards as well as transfer them to partner airlines or use them in the Chase travel portal. The current TPG valuation for Chase UR points is 2¢ per point when used to transfer to partner airlines for travel redemption. That should serve as a rough guideline for the best value you can expect out of your UR points if you are willing to optimize their use.

tl;dr yes it's 1.5% as straight cashback, but if you are in the game of earning URs, you probably aren't pursuing a pure cashback strategy anyway and the FU card becomes more valuable.

Interesting. But personally I don't like dealing with points. I can see if you are invested in Chase UR that it would make sense.

Re: 2% Cards options

Anonymous — Fri, 16 Nov 2018 14:31:23 GMT

@Green456 wrote:
Interesting. But personally I don't like dealing with points. I can see if you are invested in Chase UR that it would make sense.

There's not much point to the CFU unless you are into URs, or, at a minimum, have the CSR and plan to redeem for travel via the Chase Portal. As a cashback card, the CFU has nothing to recommend: a 1.5 earn rather than 2, a FTF, and, for those that care, no good CLI mechanism.

With the CSR, through the portal you get 2.25%, and potentially more if you transfer.

Re: 2% Cards options

Anonymous — Fri, 16 Nov 2018 15:59:22 GMT

NFCU flagship gives you 3 percent on travel and 2 percent on everything else. It has a small $49 fee but it is waived the first year and comes with a $500 sign up bonus so that should more than cover your fee for the next 11 years.

Re: 2% Cards options

OmarR — Fri, 16 Nov 2018 17:40:42 GMT

@staticvoidmain wrote:
PayPal. 2% cashback, no asterisk.
Anyone can sign up for a PayPal account, any time.

3% with asterisk.

This.

3% CB, no minimum redemption, and is available to cash out every end of statement period.

Re: 2% Cards options

Anonymous — Fri, 16 Nov 2018 17:09:32 GMT

With a paypal account, the paypal mastercard 2% cashback is great. They have also given me a CLI by SP without a request

Re: 2% Cards options

Anonymous — Fri, 16 Nov 2018 17:47:01 GMT

The Alliant CU Visa Signature card is 3% cash back on everything for the first year and then 2.5% going forward. Has an AF of $59 that is waived the first year. So depends on your spending levels - could be worth looking at.

https://ww2.alliantcreditunion.org/cc-promo