topic Re: 5% CB for GEICO, which card? in Credit Cards

5% CB for GEICO, which card?

Wavester64 — Tue, 12 Apr 2022 20:41:23 GMT

Curious if anyone is getting 5% back on GEICO insurance, and if so:

Which card are you using?

What category are you choosing?

I am thinking the best that can be had for GEICO is 3%, but I wanted to poll the MF Family to see

Re: 5% CB for GEICO, which card?

K-in-Boston — Tue, 12 Apr 2022 19:48:21 GMT

I am not getting 5% (usually Delta Reserve), but one thing it seems doesn't always get taken into account is that GEICO offers a 10% Paid In Full Discount if you don't use one of their payment plans. Saves me about $400 a year! Certainly worth taking into consideration (and combining with credit card rewards) if someone is set up to have monthly (or less frequent) billing.

Re: 5% CB for GEICO, which card?

C6 — Tue, 12 Apr 2022 20:09:56 GMT

Ford rewards Visa offers 3% back on insurance plus an extra $200 annual reward if you spend $6000. That is a net to the customer of 6.3% assuming the $6000 spend.

Re: 5% CB for GEICO, which card?

Taurus22 — Tue, 12 Apr 2022 21:33:24 GMT

Insurance is one of those 1-off categories that there never seems to be much of a decent option other than general spend categories. I use my AOD card for my truck insurance (though not Geico). I think maybe the 5% SafeCU card has Insurance for a monthly category, but other than that, these are hard to find.

My Amex BCP has offered 3% on Insurance as a targeted offer one time, but no better than the AOD Card.

Re: 5% CB for GEICO, which card?

NoHardLimits — Wed, 13 Apr 2022 07:14:17 GMT

Have you thought about using the expense to meet the minimum spend for a signup bonus? I recently applied for a card and met the minimum spend within 2 days by charging my car insurance premium. Easy $500 SUB.

Re: 5% CB for GEICO, which card?

TSlop — Wed, 13 Apr 2022 11:15:47 GMT

@NoHardLimits wrote:
Have you thought about using the expense to meet the minimum spend for a signup bonus? I recently applied for a card and met the minimum spend within 2 days by charging my car insurance premium. Easy $500 SUB.

Do many insurance companies allow CCs for payment? I use Liberty Mutual, and I don't recall there being an option to use a CC for payment.

Re: 5% CB for GEICO, which card?

Anonymous — Wed, 13 Apr 2022 11:53:18 GMT

@NoHardLimits wrote:
Have you thought about using the expense to meet the minimum spend for a signup bonus? I recently applied for a card and met the minimum spend within 2 days by charging my car insurance premium. Easy $500 SUB.

Right, but this could be the answer to a question about any category spend! If someone has several possible ways of meeting a SUB, you still want to consider other possibilities for each. I would rather "earn" my SUB (perhaps getting 1%) on spend I would otherwise get 2% on, than on spend I could get 5% on.

Re: 5% CB for GEICO, which card?

collics — Wed, 13 Apr 2022 12:29:51 GMT

@TSlop wrote:
@NoHardLimits wrote:
Have you thought about using the expense to meet the minimum spend for a signup bonus? I recently applied for a card and met the minimum spend within 2 days by charging my car insurance premium. Easy $500 SUB.
Do many insurance companies allow CCs for payment? I use Liberty Mutual, and I don't recall there being an option to use a CC for payment.

GEICO definitely takes credit cards. They even accept Apple Pay.
I pay them on my Apple Card via Apple Pay and get 2% back.
----------

@NoHardLimits i think that is the best idea. Pay the premium in full to meet a new card sub offer OP.

Re: 5% CB for GEICO, which card?

Remedios — Wed, 13 Apr 2022 13:49:58 GMT

Given "the goal" cards in OPs signature, applying for a new account would postpone meeting those goals by another year.

Chase isn't happening because of new accounts,, Go, same, Citi not happening due to new accounts, that only leaves Penfed but sub isn't $100 and @Wavester64 do you really need another 1.5%-2% cash back card? I have no idea if Nusenda offers SUB.

Also, Geico policies renew every six months, so that would be 4 cards in two years whenever premium is due, goal cards forever out of reach because there will be other apps.

Pay full six months premium, collect 3%

Re: 5% CB for GEICO, which card?

Wavester64 — Wed, 13 Apr 2022 14:17:18 GMT

@Remedios wrote:
Given "the goal" cards in OPs signature, applying for a new account would postpone meeting those goals by another year.
Chase isn't happening because of new accounts,, Go, same, Citi not happening due to new accounts, that only leaves Penfed but sub isn't $100 and @Wavester64 do you really need another 1.5%-2% cash back card? I have no idea if Nusenda offers SUB.

Also, Geico policies renew every six months, so that would be 4 cards in two years whenever premium is due, goal cards forever out of reach because there will be other apps.

Pay full six months premium, collect 3%

Yeah, no new accounts needed (or wanted) at the moment. I'll just stick to 3% on GEICO using AOD. Just wanted to see if anyone else was doing better ATM

Re: 5% CB for GEICO, which card?

Remedios — Wed, 13 Apr 2022 14:56:10 GMT

@Wavester64 wrote:
@Remedios wrote:
Given "the goal" cards in OPs signature, applying for a new account would postpone meeting those goals by another year.
Chase isn't happening because of new accounts,, Go, same, Citi not happening due to new accounts, that only leaves Penfed but sub isn't $100 and @Wavester64 do you really need another 1.5%-2% cash back card? I have no idea if Nusenda offers SUB.

Also, Geico policies renew every six months, so that would be 4 cards in two years whenever premium is due, goal cards forever out of reach because there will be other apps.

Pay full six months premium, collect 3%

Yeah, no new accounts needed (or wanted) at the moment. I'll just stick to 3% on GEICO using AOD. Just wanted to see if anyone else was doing better ATM

My insurance renews in January and July. This July, Disco has PayPal quarter so if I decide to go cashback route, that's what I'll do.

With two teen drivers, one transaction and (over)done

Re: 5% CB for GEICO, which card?

TSlop — Wed, 13 Apr 2022 15:05:32 GMT

@collics wrote:
@TSlop wrote:
@NoHardLimits wrote:
Have you thought about using the expense to meet the minimum spend for a signup bonus? I recently applied for a card and met the minimum spend within 2 days by charging my car insurance premium. Easy $500 SUB.
Do many insurance companies allow CCs for payment? I use Liberty Mutual, and I don't recall there being an option to use a CC for payment.
GEICO definitely takes credit cards. They even accept Apple Pay.
I pay them on my Apple Card via Apple Pay and get 2% back.
----------

@NoHardLimits i think that is the best idea. Pay the premium in full to meet a new card sub offer OP.

Interesting... I'll log into Liberty Mutual and check, but I am not going to hold my breath.

*Edit: Looks like they do, but they charge up to $6 per bill. Not enough to overcome the monthly rewards I'd earn.

Re: 5% CB for GEICO, which card?

Anonymous — Wed, 13 Apr 2022 15:34:02 GMT

@Remedios wrote:
@Wavester64 wrote:
@Remedios wrote:
Given "the goal" cards in OPs signature, applying for a new account would postpone meeting those goals by another year.
Chase isn't happening because of new accounts,, Go, same, Citi not happening due to new accounts, that only leaves Penfed but sub isn't $100 and @Wavester64 do you really need another 1.5%-2% cash back card? I have no idea if Nusenda offers SUB.

Also, Geico policies renew every six months, so that would be 4 cards in two years whenever premium is due, goal cards forever out of reach because there will be other apps.

Pay full six months premium, collect 3%

Yeah, no new accounts needed (or wanted) at the moment. I'll just stick to 3% on GEICO using AOD. Just wanted to see if anyone else was doing better ATM
My insurance renews in January and July. This July, Disco has PayPal quarter so if I decide to go cashback route, that's what I'll do.
With two teen drivers, one transaction and (over)done

From what I could see on my account, Geico doesn't do paypal, so not a route for me (I was trying to use the 3% feature on the Paypal Cashback card, but 5% would be even better)

Re: 5% CB for GEICO, which card?

Remedios — Wed, 13 Apr 2022 15:53:03 GMT

@Anonymous wrote:
@Remedios wrote:
@Wavester64 wrote:
@Remedios wrote:
Given "the goal" cards in OPs signature, applying for a new account would postpone meeting those goals by another year.
Chase isn't happening because of new accounts,, Go, same, Citi not happening due to new accounts, that only leaves Penfed but sub isn't $100 and @Wavester64 do you really need another 1.5%-2% cash back card? I have no idea if Nusenda offers SUB.

Also, Geico policies renew every six months, so that would be 4 cards in two years whenever premium is due, goal cards forever out of reach because there will be other apps.

Pay full six months premium, collect 3%

Yeah, no new accounts needed (or wanted) at the moment. I'll just stick to 3% on GEICO using AOD. Just wanted to see if anyone else was doing better ATM
My insurance renews in January and July. This July, Disco has PayPal quarter so if I decide to go cashback route, that's what I'll do.
With two teen drivers, one transaction and (over)done
From what I could see on my account, Geico doesn't do paypal, so not a route for me (I was trying to use the 3% feature on the Paypal Cashback card, but 5% would be even better)

You're right, I forgot about the demise of PPK. I think I'm in denial.

Re: 5% CB for GEICO, which card?

Duke_Nukem — Wed, 13 Apr 2022 16:07:16 GMT

@C6 wrote:
Ford rewards Visa offers 3% back on insurance plus an extra $200 annual reward if you spend $6000. That is a net to the customer of 6.3% assuming the $6000 spend.

I second the Fordpass Rewards card, and this is what I do. Get the normal 3% in Fordpass points and spend right at the yearly $6000 threshold to get the $200 annual bonus, which equates to a 6.3% cashback if you spend exactly $6000. But the normal 3% is in Fordpass points, which not everyone would be able to use.

Also, check your AMEX to see if you may have an offer for insurance payments. Three of the four cards in my family have a "Get 5% back as a statement credit by using your Card, up to a total of $15" offer (spend $300 to get the full $15 for each offer). This offer is good until the end of 2022.

Re: 5% CB for GEICO, which card?

PullingMeSoftly — Wed, 13 Apr 2022 17:46:59 GMT

@Wavester64 wrote:
Yeah, no new accounts needed (or wanted) at the moment. I'll just stick to 3% on GEICO using AOD. Just wanted to see if anyone else was doing better ATM

Unfortunate that this is a category that eludes 5%, so like you I have mine set to AOD, haven't changed it for a year. There was a time when Safe CU offered a quarter for insurance premiums, but that didn't roll over into the 2022 calendar.

Re: 5% CB for GEICO, which card?

trant3 — Thu, 14 Apr 2022 00:43:42 GMT

i used the Paceline Visa to pay for insurance and utilities, 3% cash back on everything

Re: 5% CB for GEICO, which card?

MachoHombre — Thu, 14 Apr 2022 03:55:10 GMT

@Remedios wrote:

This July, Disco has PayPal quarter so if I decide to go cashback route, that's what I'll do.

Brilliant @Remedios

I have PayPal pointed to my BoA 123 card and try to use PayPal for one-off things (like insurance) to get 3% where no cards are a good fit.

**But it never occurred to me that 25% of the year I could be pointing PayPal to Discover and getting 5%. (Dohhh!)

Good wisdom. ....and a reminder that MANY places accept PayPal.

Re: 5% CB for GEICO, which card?

indygo — Thu, 14 Apr 2022 05:54:14 GMT

If they take Apple Pay like the other comment says, you can use Kroger's credit card through Apple Pay for 5%

Re: 5% CB for GEICO, which card?

Wavester64 — Thu, 14 Apr 2022 18:41:15 GMT

@Duke_Nukem wrote:
@C6 wrote:
Ford rewards Visa offers 3% back on insurance plus an extra $200 annual reward if you spend $6000. That is a net to the customer of 6.3% assuming the $6000 spend.
I second the Fordpass Rewards card, and this is what I do. Get the normal 3% in Fordpass points and spend right at the yearly $6000 threshold to get the $200 annual bonus, which equates to a 6.3% cashback if you spend exactly $6000. But the normal 3% is in Fordpass points, which not everyone would be able to use.

Also, check your AMEX to see if you may have an offer for insurance payments. Three of the four cards in my family have a "Get 5% back as a statement credit by using your Card, up to a total of $15" offer (spend $300 to get the full $15 for each offer). This offer is good until the end of 2022.

Yeah, I saw that a few weeks ago on the AMEX GOLD took advantage of it. That's what got me craving 5% going forward on the GEICO