2% Cash Back Everyday Cards

[Anonymous]

I personally have the Alliant Platinum Rewards card. It has no annual fees and pays 2% for every dollar spent. The rewards portal is straightforward and easy to use.

[MrDisco99]

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@HeavenOhio wrote:

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@UpperNwGuy wrote:

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MrDisco99:  Do you get the full 2% on your Citi Double Cash?  Most people get 1.9%.

You can get the full 2% if you redeem your rewards into a bank account rather than taking them as a statement credit. The breakdown is that you get 1% when the charge posts and the second 1% when you pay for that charge.

Putting rewards money toward your balance doesn't count as a "payment," which means no 1% for you on that amount. Rewards redeemed as statement credits not counting as payments is actually pretty common across rewards cards. Banks tend to make it pretty clear that redeeming rewards won't count as a replacement for your minimum payment, for instance.

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What HeavenOhio said.

If you're getting less than 2% on your Citi DC then you're doing it wrong.

[Kforce]

Some Citi DC love to balance all the hate.:
Price protection (Citi Price Rewind).   Ability to pay on the statement date and have it credit at that time.  I had fraud on my card and they did a rush delivery of new card (No Charge).  Only 25$ redemption threshold, and no need to leave money on table. Extends manufacturer warranties by 24 months.  Citi Private Pass.  Late fee pass.  Car rental insurance and travel protection.  Fast refund of rewards via ACH to checking.  Every 6 months, soft pull CL increases are usually offered.   Free Fico-8 Credit-Card Score.

[Anonymous]

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@Anonymous wrote:

I know the Paypal 2% card is through Synchrony.  For those that are familiar with the card, what type of limits can you push it to?  Is it like a Synchrony Lowe's card where you can be approved for a $3k limit and call in a couple of days later and get a 10X CLI to $30k, or is it slower growth via SP CLIs?  I know the Lowe's card is a "store" card as it doesn't have a major payment network logo on it like the Paypal (MC) does, so I'm wondering if growth potential is different.

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For my me it seems that Sync likes to wait for 3 statements before approving any increase, Lowes included. In regards to the PayPal 2% card, in August it had a SL of $700. Around Nov/Dec I was instantly approved for an increase to 3K. In Jan/Feb approved to 5K. Today approved for 8K. I'm almost certain that I left money on the table each time but it was what I was comfortable asking for at the moment. So no, I don't think it will grow as fast as the Lowes but I also do not think it has as high of a threshold as Lowes either.

[kberly69]

I love my Blispay:  2% back, you get 6 months no interest with anything over $200, and they're BK friendly

Downside:  No CLIs (as of yet)

[Anonymous]

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@Anonymous

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For my me it seems that Sync likes to wait for 3 statements before approving any increase, Lowes included. In regards to the PayPal 2% card, in August it had a SL of $700. Around Nov/Dec I was instantly approved for an increase to 3K. In Jan/Feb approved to 5K. Today approved for 8K. I'm almost certain that I left money on the table each time but it was what I was comfortable asking for at the moment. So no, I don't think it will grow as fast as the Lowes but I also do not think it has as high of a threshold as Lowes either.

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Thanks for the reply to my question, same to you Adkins and imax.  With all 3 of your data points, it doesn't seem that there is great growth potential on the Paypal card.  I wouldn't say it's less than average, but feel it's more fair to say it has average growth potential.  The Lowe's card from Synchrony has obnoxiously above average growth potential, as anyone with a 730+ score or so give or take can call right after getting the card activated and essentially name their limit between $25k-$35k.  Of course things like income and exposure matter here, but if everything is in line you can grow it to a monster limit over night essentially.  Since Lowe's is my only Synchrony product, I was just curious if this was the "norm" with many other Synchrony products, like the Paypal card being discussed here, or if that's sort of an outlier card in the Synchrony portfolio with respect to growth potential for whatever reason.

[Anonymous]

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@KforceSome Citi DC love to balance all the hate.:

Price protection (Citi Price Rewind).   Ability to pay on the statement date and have it credit at that time.  I had fraud on my card and they did a rush delivery of new card (No Charge).  Only 25$ redemption threshold, and no need to leave money on table. Extends manufacturer warranties by 24 months.  Citi Private Pass.  Late fee pass.  Car rental insurance and travel protection.  Fast refund of rewards via ACH to checking.  Every 6 months, soft pull CL increases are usually offered.   Free Fico-8 Credit-Card Score.

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Very good points above regarding the Citi DC.  One thing worth mentioning is that their provided monthly FICO score is of the EQ Bankcard 8 variety.