topic Re: The best everyday cash back credit card - is capital one quicksilver on top? in Credit Cards

The best everyday cash back credit card - is capital one quicksilver on top?

knhorn — Mon, 23 Dec 2013 04:53:04 GMT

What is the highest cashback credit card for everyday purchases that don't fall under any specific category? Is it currently the capital one quicksilver at 1.5% cash back? Are there any 2% or 3%ers out there?

Re: The best everyday cash back credit card - is capital one quicksilver on top?

LearningMoreAboutCredit — Mon, 23 Dec 2013 04:57:22 GMT

@knhorn wrote:
What is the highest cashback credit card for everyday purchases that don't fall under any specific category? Is it currently the capital one quicksilver at 1.5% cash back? Are there any 2% or 3%ers out there?

I've read that Fidelity Amex is a 2% card...don't know if it got nerfed as I don't have one. I use to have a 2% HSBC card but it got nerfed with the CapOne acquisition. I'm sure others will chime in and if I remember any others I will update.

Re: The best everyday cash back credit card - is capital one quicksilver on top?

FinStar — Mon, 23 Dec 2013 04:59:09 GMT

@LearningMoreAboutCredit wrote:
@knhorn wrote:
What is the highest cashback credit card for everyday purchases that don't fall under any specific category? Is it currently the capital one quicksilver at 1.5% cash back? Are there any 2% or 3%ers out there?
I've read that Fidelity Amex is a 2% card...don't know if it got nerfed as I don't have one. I use to have a 2% HSBC card but it got nerfed with the CapOne acquisition. I'm sure others will chime in and if I remember any others I will update.

I have Fidelity AMEX and it is 2% uncapped, everyday, no AF. I believe there's also PenFed with similar or higher CB category, but I don't have any of their products.

Re: The best everyday cash back credit card - is capital one quicksilver on top?

Anonymous — Mon, 23 Dec 2013 05:08:09 GMT

And the jcb 3% card for West coasters

Re: The best everyday cash back credit card - is capital one quicksilver on top?

Blackbeauty212 — Mon, 23 Dec 2013 15:01:55 GMT

Cap One's QS is probably the most popular General Cashback Card on the market right now... PNC also has a General Cashback Card but the rate of the cashback flux with the amount of spending you put through the card. Anywhere from 1.25 on the low end to 1.75% on the high. PNC is very conservative lender however, and you must be in their market and they typically like for the app to already have a banking relationship (not needed but its looked favorably upon). If approved they do give very nice starting CL's to make up for the hazing process.

Re: The best everyday cash back credit card - is capital one quicksilver on top?

Anonymous — Mon, 23 Dec 2013 15:02:08 GMT

Don't you need to have an account with Fidelity to qualify for the Amex? And even then, doesn't the 2% CB automatically get deposited into that account?

Re: The best everyday cash back credit card - is capital one quicksilver on top?

Anonymous — Mon, 23 Dec 2013 15:14:04 GMT

@Anonymous wrote:
Don't you need to have an account with Fidelity to qualify for the Amex? And even then, doesn't the 2% CB automatically get deposited into that account?

You can open for free with very low balance a Fidelity Cash Management account which is a good checking account in that it has ATM charge reimbursement etc.

For best reimbursement, you should use the Fidelity account, but they can send the CB to another account, but at a lower rate.

Really opening the Cash Management account isn't a barrier. Once money is deposited in there, it can be easily transferred to any other account via ACH

Re: The best everyday cash back credit card - is capital one quicksilver on top?

Anonymous — Mon, 23 Dec 2013 15:17:05 GMT

@Anonymous wrote:
@Anonymous wrote:
Don't you need to have an account with Fidelity to qualify for the Amex? And even then, doesn't the 2% CB automatically get deposited into that account?
You can open for free with very low balance a Fidelity Cash Management account which is a good checking account in that it has ATM charge reimbursement etc.

For best reimbursement, you should use the Fidelity account, but they can send the CB to another account, but at a lower rate.

Really opening the Cash Management account isn't a barrier. Once money is deposited in there, it can be easily transferred to any other account via ACH

Ah good to know. I guess the Fidelity Amex is a great card to have if a lot of your purchases are in a 1% CB category. Or if you aren't the kind of person who wants to manage multiple credit cards to maximize CB.

Re: The best everyday cash back credit card - is capital one quicksilver on top?

Anonymous — Mon, 23 Dec 2013 15:26:42 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Don't you need to have an account with Fidelity to qualify for the Amex? And even then, doesn't the 2% CB automatically get deposited into that account?
You can open for free with very low balance a Fidelity Cash Management account which is a good checking account in that it has ATM charge reimbursement etc.

For best reimbursement, you should use the Fidelity account, but they can send the CB to another account, but at a lower rate.

Really opening the Cash Management account isn't a barrier. Once money is deposited in there, it can be easily transferred to any other account via ACH
Ah good to know. I guess the Fidelity Amex is a great card to have if a lot of your purchases are in a 1% CB category. Or if you aren't the kind of person who wants to manage multiple credit cards to maximize CB.

Yes, and since it's free, even if you don't have that much in the "other" category. So I use category cards for each transaction, Fid Amex if there isn't a better choice, and then Quicksilver if the vendor doesn't accept Amex (and foreign transactions)

Re: The best everyday cash back credit card - is capital one quicksilver on top?

Anonymous — Mon, 23 Dec 2013 15:34:20 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Don't you need to have an account with Fidelity to qualify for the Amex? And even then, doesn't the 2% CB automatically get deposited into that account?
You can open for free with very low balance a Fidelity Cash Management account which is a good checking account in that it has ATM charge reimbursement etc.

For best reimbursement, you should use the Fidelity account, but they can send the CB to another account, but at a lower rate.

Really opening the Cash Management account isn't a barrier. Once money is deposited in there, it can be easily transferred to any other account via ACH
Ah good to know. I guess the Fidelity Amex is a great card to have if a lot of your purchases are in a 1% CB category. Or if you aren't the kind of person who wants to manage multiple credit cards to maximize CB.
Yes, and since it's free, even if you don't have that much in the "other" category. So I use category cards for each transaction, Fid Amex if there isn't a better choice, and then Quicksilver if the vendor doesn't accept Amex (and foreign transactions)

Yeah I considered apping, but my 1% purchases are slim to none and annually Quicksilver would net me less than $5 more so I didn't think it was worth the HP.

Re: The best everyday cash back credit card - is capital one quicksilver on top?

Anonymous — Mon, 23 Dec 2013 16:17:43 GMT

The Cash+ and Discover cards are 1% for general purchases, but this can be bumped to 1.25% if you redeem in the right way. For example, Discover offers $25 gift cards for $20.

The 1.25% is before category rewards, ShopDiscover, and so on, so I think these would effectively beat QS for most people.

Re: The best everyday cash back credit card - is capital one quicksilver on top?

DigitalArk — Tue, 24 Dec 2013 01:39:02 GMT

I am using Barclaycard Arrival (AF) for everything else. $89 annual though.

Re: The best everyday cash back credit card - is capital one quicksilver on top?

Anonymous — Tue, 24 Dec 2013 02:01:17 GMT

Between BCE freedom and it, I don't think it is necessary to add quicksilver. If you just want one card it is probably the best.

Re: The best everyday cash back credit card - is capital one quicksilver on top?

knhorn — Tue, 24 Dec 2013 02:13:07 GMT

@Anonymous wrote:
Between BCE freedom and it, I don't think it is necessary to add quicksilver. If you just want one card it is probably the best.

I feel differently. I have all three plus citi dividend and cash+ and I find myself making large purchases that don't fall under any 5, 3, or 2% category. For any non-categorized purchase I'd like to try and get the most back from my credit cards.

Re: The best everyday cash back credit card - is capital one quicksilver on top?

Anonymous — Tue, 24 Dec 2013 02:19:37 GMT

Seems like if i had your same card lineup and wanted to add more non-category cashback, i would spring for the Fidelity Amex.

Re: The best everyday cash back credit card - is capital one quicksilver on top?

Anonymous — Tue, 24 Dec 2013 02:37:56 GMT

@Anonymous wrote:
Seems like if i had your same card lineup and wanted to add more non-category cashback, i would spring for the Fidelity Amex.

Yes, though it is also nice to have both. While the Fidelity offers a higher return, the QS has 3 things going for it:

1) Greater acceptance

2) No FTF

3) No minimum redemption, whereas Fid Amex is 5000 points = $50

These may or may not be important, depending on where you shop.

But, if you have a lot of category cards, your non-category spending becomes relatively smaller. Then the difference between 2, 1.5 and 1% can be very small, and can be outweighed, for example, by saving your HP to get a sign up bonus on another card, even if the card itself isn't very useful.

Re: The best everyday cash back credit card - is capital one quicksilver on top?

Blackbeauty212 — Tue, 24 Dec 2013 02:42:29 GMT

Plus is there one CB card that optimal for Routing your monthly Auto Bill payments.....This is one reason why I chose the QS over all else even my Chase INK which includes Cable/Wireless Bills. I really Only want one card to capture all of my Auto Bill Payments. I push roughly 7/800$ worth of Auto bills a month through my QS.

Re: The best everyday cash back credit card - is capital one quicksilver on top?

Anonymous — Tue, 24 Dec 2013 04:16:17 GMT

@Anonymous wrote:
@Anonymous wrote:
Seems like if i had your same card lineup and wanted to add more non-category cashback, i would spring for the Fidelity Amex.
Yes, though it is also nice to have both. While the Fidelity offers a higher return, the QS has 3 things going for it:

1) Greater acceptance
2) No FTF
3) No minimum redemption, whereas Fid Amex is 5000 points = $50

These may or may not be important, depending on where you shop.

But, if you have a lot of category cards, your non-category spending becomes relatively smaller. Then the difference between 2, 1.5 and 1% can be very small, and can be outweighed, for example, by saving your HP to get a sign up bonus on another card, even if the card itself isn't very useful.

Re: The best everyday cash back credit card - is capital one quicksilver on top?

Anonymous — Tue, 24 Dec 2013 14:40:17 GMT

@Anonymous wrote:
@Anonymous wrote:
Seems like if i had your same card lineup and wanted to add more non-category cashback, i would spring for the Fidelity Amex.
Yes, though it is also nice to have both. While the Fidelity offers a higher return, the QS has 3 things going for it:

1) Greater acceptance
2) No FTF
3) No minimum redemption, whereas Fid Amex is 5000 points = $50

These may or may not be important, depending on where you shop.

But, if you have a lot of category cards, your non-category spending becomes relatively smaller. Then the difference between 2, 1.5 and 1% can be very small, and can be outweighed, for example, by saving your HP to get a sign up bonus on another card, even if the card itself isn't very useful.

+1. Precisely why I don't have a QS!

Re: The best everyday cash back credit card - is capital one quicksilver on top?

jamesdwi — Tue, 24 Dec 2013 14:50:50 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Seems like if i had your same card lineup and wanted to add more non-category cashback, i would spring for the Fidelity Amex.
Yes, though it is also nice to have both. While the Fidelity offers a higher return, the QS has 3 things going for it:

1) Greater acceptance
2) No FTF
3) No minimum redemption, whereas Fid Amex is 5000 points = $50

These may or may not be important, depending on where you shop.

But, if you have a lot of category cards, your non-category spending becomes relatively smaller. Then the difference between 2, 1.5 and 1% can be very small, and can be outweighed, for example, by saving your HP to get a sign up bonus on another card, even if the card itself isn't very useful.

+1. Precisely why I don't have a QS!

with Cap1 it tends to be a triple HP all the reason to apply for a better card.