topic Re: Best Credit Union 2% Cash Back Credit Card in Credit Cards

Best Credit Union 2% Cash Back Credit Card

floridakix — Sun, 21 May 2023 02:39:37 GMT

State Department Premium Cash Back+ Credit Union is open to anyone. This Credit Card gives you unlimed 2% cash back at a much Lower APR than any other 2% cash back credit card: 13.9% APR. It has No Annual Fee or Foreign Transaction Fee.

One question: Does it give you Car Rental Insurance? (important for me and becoming rare).

3k spent within first 3 months = $200 bonus...and the minimum credit limit is 5K.

Unfortunately, it does not give you the 0% balance transfer (or) the 0% Purchase intro offer; that a few other 2% cash back cards offer (like: Wells Fargo 'Active Cash', Citi 'Double Cash', or AMEX B'usiness Blue Cash' Credit Cards offer). However, State Department Credit Card does give you a fixed low interest of 13.9% with zero fees for balance transfers (AND) it is still 13.9% for Cash Advance (many other credit cards have higher interest rate for cash advance balances).

Re: Best Credit Union 2% Cash Back Credit Card

ChargedUp — Sun, 21 May 2023 04:37:25 GMT

I dunno if that one has car rental insurance, but this one has secondary coverage. (Some give and take on other bennies.) Join via consumer coucil membership.

https://www.ctelco.org/credit-cards/

There's very limited cards out there with primary coverage, like the Chase Sapphire Preferred and Reserve.

Re: Best Credit Union 2% Cash Back Credit Card

ptatohed — Sun, 21 May 2023 06:21:50 GMT

IMHO one does not get a 2% CB card for its low interest APR. You're either doing your daily spending, getting your 2% back, and paying in full; or you look for a low rate card for carrying a balance. If you want to maximize your 2% rewards, it shouldn't matter what the interest rate is; and if you plan to carry a balance and pay interest charges, it doesn't matter if it's a 2% card. Just my HO.

Re: Best Credit Union 2% Cash Back Credit Card

floridakix — Sat, 26 Aug 2023 23:58:35 GMT

AOD discontinued 3% cash back credit card...very sad

Re: Best Credit Union 2% Cash Back Credit Card

DatBoiQuick — Sun, 27 Aug 2023 00:00:35 GMT

I personally really enjoy my Blue Bussiness Cash for 2%

Re: Best Credit Union 2% Cash Back Credit Card

floridakix — Sun, 27 Aug 2023 01:12:53 GMT

Agreed, by far the best business cash back card. Evergreen (FBO) is great two but when i applied, i was told my state is excluded from eligibility. So i guess only a few states are eligiable.

Re: Best Credit Union 2% Cash Back Credit Card

NoMoreDebt — Sun, 27 Aug 2023 12:29:27 GMT

@ptatohed wrote:
IMHO one does not get a 2% CB card for its low interest APR. You're either doing your daily spending, getting your 2% back, and paying in full; or you look for a low rate card for carrying a balance. If you want to maximize your 2% rewards, it shouldn't matter what the interest rate is; and if you plan to carry a balance and pay interest charges, it doesn't matter if it's a 2% card. Just my HO.

This is where im at. If you dont PIF you are negating your rewards.

Re: Best Credit Union 2% Cash Back Credit Card

cws-21 — Sun, 27 Aug 2023 13:54:09 GMT

I like the Visions FCU Elite Visa Signature as a 2% for everything credit union card.

https://www.visionsfcu.org/visaelite

Re: Best Credit Union 2% Cash Back Credit Card

SouthJamaica — Sun, 27 Aug 2023 17:07:11 GMT

I have, and like, the PenFed Power Cash Rewards card.

Re: Best Credit Union 2% Cash Back Credit Card

Anonymous — Sun, 27 Aug 2023 17:56:06 GMT

Waiting to see what happens with USAlliance, which is currently 2% everywhere with 6% supermarkets, but only to the end of this year (it also has a 1% FTF). My go to 2% is SoFI, but nothing overly special there

Re: Best Credit Union 2% Cash Back Credit Card

northway — Sun, 27 Aug 2023 19:41:36 GMT

I concur with Visions. Uncapped 2%, no FTF/BT/CA fees, reasonable interest rate, and an unbeatable insurance suite for a free CU card.

Only downside is payments can only be made from Visions accounts.

Re: Best Credit Union 2% Cash Back Credit Card

CH-7-Mission-Accomplished — Sun, 27 Aug 2023 19:50:39 GMT

@northway wrote:
I concur with Visions. Uncapped 2%, no FTF/BT/CA fees, reasonable interest rate, and an unbeatable insurance suite for a free CU card.

Only downside is payments can only be made from Visions accounts.

I assume you mean that you can't pull payments from Visions' website, but there is nothing stopping you from pushing payments from another bank account? True? (I do not see how any lender could refuse a payment that was pushed to it.)

Re: Best Credit Union 2% Cash Back Credit Card

CH-7-Mission-Accomplished — Sun, 27 Aug 2023 19:53:25 GMT

@floridakix wrote:
AOD discontinued 3% cash back credit card...very sad

Were those people originally given the 3% card grandfathered in at the 3% cash-back rate?

Re: Best Credit Union 2% Cash Back Credit Card

northway — Sun, 27 Aug 2023 19:58:17 GMT

@CH-7-Mission-Accomplished wrote:
@northway wrote:
I concur with Visions. Uncapped 2%, no FTF/BT/CA fees, reasonable interest rate, and an unbeatable insurance suite for a free CU card.

Only downside is payments can only be made from Visions accounts.
I assume you mean that you can't pull payments from Visions' website, but there is nothing stopping you from pushing payments from another bank account? True? (I do not see how any lender could refuse a payment that was pushed to it.)

You can push payments, but it'd need to be done via Bill Pay from an external bank or ACH into Visions and then having the payment made from a Visions account.

Re: Best Credit Union 2% Cash Back Credit Card

CH-7-Mission-Accomplished — Sun, 27 Aug 2023 20:16:39 GMT

@northway wrote:
@CH-7-Mission-Accomplished wrote:
@northway wrote:
I concur with Visions. Uncapped 2%, no FTF/BT/CA fees, reasonable interest rate, and an unbeatable insurance suite for a free CU card.

Only downside is payments can only be made from Visions accounts.
I assume you mean that you can't pull payments from Visions' website, but there is nothing stopping you from pushing payments from another bank account? True? (I do not see how any lender could refuse a payment that was pushed to it.)
You can push payments, but it'd need to be done via Bill Pay from an external bank or ACH into Visions and then having the payment made from a Visions account.

Actually you can push payments directly from any external bank account. They can't decline the payment. I logged into my main checking account at BECU, did a search, and Visions CU pops up. You just enter the Visions account number, re-enter the Visions account number, select a nickname you want to call it and enter their ZIP+4. That adds it to the bill pay list. Then you can pay it like any other bill, i.e, electric bill, any other credit card. They obviously can't refuse a check payment either. I'm sure you can't pull from their site is what you mean.

Re: Best Credit Union 2% Cash Back Credit Card

northway — Sun, 27 Aug 2023 20:27:13 GMT

@CH-7-Mission-Accomplished wrote:

Actually you can push payments directly from any external bank account. They can't decline the payment. I logged into my main checking account at BECU, did a search, and Visions CU pops up. You just enter the Visions account number, re-enter the Visions account number, select a nickname you want to call it and enter their ZIP+4. That adds it to the bill pay list. Then you can pay it like any other bill, i.e, electric bill, any other credit card. They obviously can't refuse a check payment either. I'm sure you can't pull from their site is what you mean.

That's exactly what Bill Pay is and what I described.

Re: Best Credit Union 2% Cash Back Credit Card

Anonymous — Sun, 27 Aug 2023 22:08:18 GMT

@northway wrote:
That's exactly what Bill Pay is and what I described.

~~Well, unless there is some confusion, it's not what you described. There are two push approaches:~~

~~1) The "obvious" one: I push $X from my bank into my Vision bank account, and then pay the credit card from that account (which is what you appeared to suggest)~~

~~2) Bill pay: I pay $X from my bank and it directly pays the credit card, no need for any Vision bank account to exist.~~

[ETA: As @northway said!]

However, I am not sure about @CH-7-Mission-Accomplished statement that they can't refuse a push. One of my credit unions (one of the my-something-direct type) did not allow incoming ACH. So it is possible for an institution to block (not saying Vision does)

Re: Best Credit Union 2% Cash Back Credit Card

CH-7-Mission-Accomplished — Sun, 27 Aug 2023 20:45:03 GMT

@northway wrote:
@CH-7-Mission-Accomplished wrote:
Actually you can push payments directly from any external bank account. They can't decline the payment. I logged into my main checking account at BECU, did a search, and Visions CU pops up. You just enter the Visions account number, re-enter the Visions account number, select a nickname you want to call it and enter their ZIP+4. That adds it to the bill pay list. Then you can pay it like any other bill, i.e, electric bill, any other credit card. They obviously can't refuse a check payment either. I'm sure you can't pull from their site is what you mean.
That's exactly what Bill Pay is and what I described.

You said that payments can only be made FROM Vision accounts. That would mean you would have to transfer funds from a non-Visions account to a Visions account and then make your payment from that Visions bank account.

Re: Best Credit Union 2% Cash Back Credit Card

CH-7-Mission-Accomplished — Sun, 27 Aug 2023 20:49:30 GMT

@Anonymous wrote:
@northway wrote:
That's exactly what Bill Pay is and what I described.
Well, unless there is some confusion, it's not what you described. There are two push approaches:
1) The "obvious" one: I push $X from my bank into my Vision bank account, and then pay the credit card from that account (which is what you appeared to suggest)
2) Bill pay: I pay $X from my bank and it directly pays the credit card, no need for any Vision bank account to exist.

However, I am not sure about @CH-7-Mission-Accomplished statement that they can't refuse a push. One of my credit unions (one of the my-something-direct type) did not allow incoming ACH. So it is possible for an institution to block (not saying Vision does)

Yes, I was speculating. I can't see a lender refusing a payment by any means to a credit card or loan account. Could they refuse a check? I get your point. It would be an interesting experiment to simply set up bill pay from an outside account and push a $1 payment and see if it posts. That would settle it. I do not try to be difficult but I do think what is posted on MF should be accurate or if not accurate should be corrected. And I'm happy to admit when I'm wrong. I've learned a lot more from being wrong than I have learaned from being right!

Re: Best Credit Union 2% Cash Back Credit Card

CreditCuriosity — Sun, 27 Aug 2023 21:00:29 GMT

@CH-7-Mission-Accomplished wrote:
@floridakix wrote:
AOD discontinued 3% cash back credit card...very sad
Were those people originally given the 3% card grandfathered in at the 3% cash-back rate?

Yes alive and well 3+ years going strong at 3% . Here is to another great 3 years to come or so I hope