topic Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them in Credit Cards

I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

Anonymous — Thu, 01 Aug 2019 21:39:57 GMT

Before I apply one of these 2% cash back card, I got to ask who have at least one of them a question:

When a user wants to redeem the cash back, redemptions start at how many dollars?

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

Anonymous — Thu, 01 Aug 2019 21:49:13 GMT

$25 for the Citi which is why I don’t want it. Curious about Alliant myself.

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

Anonymous — Thu, 01 Aug 2019 21:53:45 GMT

Thank you for info about Citi, let us waiting for who has Alliant~

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

Anonymous — Thu, 01 Aug 2019 21:58:56 GMT

Wait, looks like some answer at here: https://www.alliantcreditunion.org/images/uploads/files/VisaPlatinumRewards_PointProgram.pdf

If this file is up to date, "Cash Back – get cash back or redeem for statement credit starting at $20 " on page 2.

So... anyone can list any 2% credit card (not Amex) get cash back starting at lesser than $20?

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

Anonymous — Thu, 01 Aug 2019 22:06:28 GMT

PayPal Cashback has no minimum redemption.

I just don’t like it because they don’t have transaction notifications.

I have also heard that Sync’s handling of fraud and disputes is awful too.

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

mikesonthemend — Thu, 01 Aug 2019 22:07:22 GMT

Paypal MC gives 2% on each statement. Must be paid to your regular Paypal account, but that doesn't bother me.

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

Anonymous — Thu, 01 Aug 2019 22:12:24 GMT

god, you know what? I have this paypal card.

After my application approved 2 days they called me, tell me my account is locked, they will send me an instruction mail to show me how to unlock my account. About a week later I received the card, can't activate, they never send any other mail to me, even I called them 4 times ask about it.

Now I already hold my dead paypal card 3 months...

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

mikesonthemend — Thu, 01 Aug 2019 22:13:00 GMT

@Anonymous wrote:
PayPal Cashback has no minimum redemption.

I just don’t like it because they don’t have transaction notifications.

I have also heard that Sync’s handling of fraud and disputes is awful too.

Yeah, that is a pain. Another issue I have had this past month is the constant updating with the CRAs.

All updates in last week from PPMC. What is up with that?

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

wasCB14 — Thu, 01 Aug 2019 22:27:21 GMT

Speaking as someone who generally redeems in larger "increments" of flights and hotels...

If accumulating $20 or $25 of cash back on a card will be difficult, you might reconsider whether the card will really be worthwhile. You might instead go for something with a nice fat bonus.

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

Anonymous — Thu, 01 Aug 2019 22:31:40 GMT

I also checked Fidelity Rewards card, at this page: https://www.fidelity.com/cash-management/faqs-rewards-credit-cards

"In order to redeem Points for a cash deposit into your eligible Fidelity account(s), you must have a minimum of 5,000 Points. However, rewards offers begin at 2,500 Points if you choose to redeem your Points for travel options, merchandise, gift cards, or a statement credit."

that means $50 to Fidelity account or $25 to statement credit. Still sucks

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

Anonymous — Thu, 01 Aug 2019 22:33:36 GMT

I decided to just go back to my QuickSilver. Minimum redemptions are incredibly annoying and I have very little spend that isn’t earning more on other cards so the .5% loss isn’t a big deal to me.

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

Anonymous — Thu, 01 Aug 2019 22:35:34 GMT

Normally who need 2% cash back on anything, already have some cards for grocery, dining, gas, amazon, travel...

They just need something better than 1% or 1.5% for any purchases not on the list.

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

Anonymous — Thu, 01 Aug 2019 22:48:45 GMT

But 2% cards all have hassles.

PayPal Cashback requires dealing with random reporting, no transaction notifications, redemption to PayPal account, hassles if you ever have fraud or merchant disputes, etc

Citi DC - $25 minimum redemption, you lose the 1% when you apply it as a statement credit, other Citi annoyances

PenFed - have to keep $500 in their checking, have to deal with PenFed

Alliant - $20 minimum redemption, known to be a conservative lender

BBVA - have to have a checking account with BBVA to get 2% instead of 1.5%

Key - same as BBVA

If I had travel expenses, I would get the NFCU Flagship but they also have a $50 minimum redemption unless you go for gift cards at $25 (Dominos is available at $10) and you have to find a way to offset the annual fee (not hard with travel).

My QuickSilver may only be 1.5% but cash back posts when the purchase does and has no minimum redemptions, they have an excellent app, disputes with Capital One are very easy (I have had to deal with them twice), they have transaction notifications and did I mention a great app?

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

Anonymous — Thu, 01 Aug 2019 23:32:17 GMT

@Anonymous wrote:
I also checked Fidelity Rewards card, at this page: https://www.fidelity.com/cash-management/faqs-rewards-credit-cards

"In order to redeem Points for a cash deposit into your eligible Fidelity account(s), you must have a minimum of 5,000 Points. However, rewards offers begin at 2,500 Points if you choose to redeem your Points for travel options, merchandise, gift cards, or a statement credit."

that means $50 to Fidelity account or $25 to statement credit. Still sucks

It is worse than that makes it look, as if you redeem for a statement credit, you only get half the value (otherwise why bother redeeming to Fidelity!) On the old Fidelity Amex, there was a point where it became 2% for both, a few hundred dollars. Not sure if that is still true on this card.

I replaced my Fidelity spend with Paypal. Just depends on what annoys you, as, as stated, all have some issue relative to others.

But to me, the issue with replacing with QS is a 25% reduction in rewards, which, for me, is way too much for any added convenience!

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

Kforce — Thu, 01 Aug 2019 23:36:57 GMT

@Anonymous wrote:
My QuickSilver may only be 1.5% but cash back posts when the purchase does and has no minimum redemptions, they have an excellent app, disputes with Capital One are very easy (I have had to deal with them twice), they have transaction notifications and did I mention a great app?

They pull all 3 bureaus for a card too !

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

Anonymous — Thu, 01 Aug 2019 23:39:31 GMT

@longtimelurker

My English may not be good enough...
I think you misunderstood this expression. What it actually said is that if you want to use cashback to offset your consumption, you don't have to wait until it accumulates to $50, as long as it reaches $25.

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

Anonymous — Thu, 01 Aug 2019 23:42:12 GMT

@Kforce wrote:
@Anonymous wrote:
My QuickSilver may only be 1.5% but cash back posts when the purchase does and has no minimum redemptions, they have an excellent app, disputes with Capital One are very easy (I have had to deal with them twice), they have transaction notifications and did I mention a great app?
They pull all 3 bureaus for a card too !

That doesn’t bother me. They gave me my first $10K SL in June for that pull on each bureau.

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

Anonymous — Thu, 01 Aug 2019 23:44:16 GMT

@Anonymous wrote:
My English may not be good enough...
I think you misunderstood this expression. What it actually said is that if you want to use cashback to offset your consumption, you don't have to wait until it accumulates to $50, as long as it reaches $25.

If this was to me: The thresholds are actually points, 5000 (earned by spending $2,500) for movement to Fidelity, 2500 points (earned by spending $1250) for other redemptions. However, if you redeem the 5000 points to a Fidelity account, you will get $50. If you redeem 2,500 points for statement credit, you will get $12.50 (so 1% earned on the $1250 spent). So half the points give a quarter of the rewards

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

Anonymous — Thu, 01 Aug 2019 23:52:16 GMT

“If you redeem 2,500 points for statement credit, you will get $12.50”

There is no problem before this sentence, but I don't know how you got this sentence.
It seems that you redeem 2,500 points for statement credit, you should get $25.

Re: I dont have Citi double cash card or Alliant Visa Platinum card, but still have intrest on them

kdm31091 — Fri, 02 Aug 2019 00:11:19 GMT

@wasCB14 wrote:
Speaking as someone who generally redeems in larger "increments" of flights and hotels...

If accumulating $20 or $25 of cash back on a card will be difficult, you might reconsider whether the card will really be worthwhile. You might instead go for something with a nice fat bonus.

This exactly. I don't love redemption thresholds anymore than anyone else, but if you are barely able to reach $25 with a card, you're probably spreading yourself too thin.