@mgood wrote:Looks like you have a nice setup. Like others have mentioned, you might consider getting a 2% cash back card instead of the 1.5% Quicksilver. PenFed Power Cash Rewards (aka PCR) is another good one that I don't think has been mentioned. It requires joining Pentagon Federal Credit Union, which'll cost you $5.00 you park in a savings account and forget about.
FNBO Evergreen is another popular 2% cash back card. They have a good preaproval site that'll tell you your preapproved limit before you decide to take the hard pull to apply. (I, and I think most people, got approved for the amount on the preapproval. There's not guarantee, of course.)
My limits on both of those cards have grown far, far quicker than my Cap One cards.
Well, getting 2% CB on the PCR takes a little more than just opening the savings account. You need to be an "Honors Advantage Member", which is achieved by either being in the military, or opening and maintaining a checking account. A free checking account qualifies, but to qualify as "Honors Advantage" you must maintain either a $500 minimum daily balance OR direct deposits of $500 or more every month. Note that that requirement is to get the extra 0.5% CB, and it's not required for the free checking account itself.
@OmarGB9 wrote:
@mgood wrote:Looks like you have a nice setup. Like others have mentioned, you might consider getting a 2% cash back card instead of the 1.5% Quicksilver. PenFed Power Cash Rewards (aka PCR) is another good one that I don't think has been mentioned. It requires joining Pentagon Federal Credit Union, which'll cost you $5.00 you park in a savings account and forget about.
FNBO Evergreen is another popular 2% cash back card. They have a good preaproval site that'll tell you your preapproved limit before you decide to take the hard pull to apply. (I, and I think most people, got approved for the amount on the preapproval. There's not guarantee, of course.)
My limits on both of those cards have grown far, far quicker than my Cap One cards.
Well, getting 2% CB on the PCR takes a little more than just opening the savings account. You need to be an "Honors Advantage Member", which is achieved by either being in the military, or opening and maintaining a checking account. A free checking account qualifies, but to qualify as "Honors Advantage" you must maintain either a $500 minimum daily balance OR direct deposits of $500 or more every month. Note that that requirement is to get the extra 0.5% CB, and it's not required for the free checking account itself.
You are right, of course. I wasn't thinking about that when I posted. I opened it and used it for the BT deal at the time. Later when that was paid off, I opened the Access America checking account to gain Honor Advantage status for the 2% instead of 1.5%. Had my employer DD part of each paycheck there to avoid the fee on that. . . . So at the time I posted, I'm just thinking "This is a 2% card," and not thinking about any of the rest of that.
@LADave wrote:
@Drifter73 wrote:Added note: some are OK with the 2%cb option as a statement credit or gift card, but personally I like cb cards with ach to Checking or savings options.
Since not all cards offer this option, a solution I've found is to deposit the equivalent of whatever rewards I'm taking as a statement credit into my Capital One HYSA, where I deposit all of my cash rewards/SUBs. I deposit the funds from the C1 checking account where I make most of my credit card payments from. Since those funds would have been used towards pay off the card anyway, it all balances out in the end.
I use the funds from that account to fund miscellaneous travel expenses, and it's come in handy. The account also earns 3.3% APY, which is better than points sitting in a rewards account.
I've often brought up this point. It's basically the same thing.
To your second point, besides earning a small amount of interest on your rewards by transferring to a HYSA, you also avoid the risk of losing all of your rewards since an issuer can close an account/change or terminate a rewards program at any time for any reason, and any unredeemed rewards are typically forfeited.
@Ravensfan899 wrote:Long time lurker and decided to finally make an account. I only go for no annual fee cash back cards. I don't travel so that's not a category I need. Just looking for suggestions or looking to see if I'm pretty set with what I have.
Capital one quicksilver, Capital one savorone, Capital one Walmart, chase freedom, chase freedom unlimited, Amex blue cash everyday, discover it, citi custom cash and the US bank cash+
The Comenity AAA Daily Advantage and Travel Advantage Visa cards are good.
Travel Advantage gives you 5% on gas and electric vehicle charging, and 3% on dining, groceries, travel, and AAA.
Daily Advantage gives you 5% on groceries, and 3% on gas/ev, pharmacies, wholesale clubs, streaming, and AAA.
@mgood wrote:
@OmarGB9 wrote:
@mgood wrote:Looks like you have a nice setup. Like others have mentioned, you might consider getting a 2% cash back card instead of the 1.5% Quicksilver. PenFed Power Cash Rewards (aka PCR) is another good one that I don't think has been mentioned. It requires joining Pentagon Federal Credit Union, which'll cost you $5.00 you park in a savings account and forget about.
FNBO Evergreen is another popular 2% cash back card. They have a good preaproval site that'll tell you your preapproved limit before you decide to take the hard pull to apply. (I, and I think most people, got approved for the amount on the preapproval. There's not guarantee, of course.)
My limits on both of those cards have grown far, far quicker than my Cap One cards.
Well, getting 2% CB on the PCR takes a little more than just opening the savings account. You need to be an "Honors Advantage Member", which is achieved by either being in the military, or opening and maintaining a checking account. A free checking account qualifies, but to qualify as "Honors Advantage" you must maintain either a $500 minimum daily balance OR direct deposits of $500 or more every month. Note that that requirement is to get the extra 0.5% CB, and it's not required for the free checking account itself.
You are right, of course. I wasn't thinking about that when I posted. I opened it and used it for the BT deal at the time. Later when that was paid off, I opened the Access America checking account to gain Honor Advantage status for the 2% instead of 1.5%. Had my employer DD part of each paycheck there to avoid the fee on that. . . . So at the time I posted, I'm just thinking "This is a 2% card," and not thinking about any of the rest of that.
Not a problem, just trying to make sure all details/fine print are disclosed for OP as well as any lurkers out there. 