what's the best cashback card now (costco to stop accepting amex)

[s0me0nesmind1]

Which specific BOFA card are you referring to?

I'm considering switching to their Better Balance Rewards cc where you earn $25 per quarter ($100 per year):



https://www.managerewardsonline.fia...blished/root/dcb/PDF/BAC_BetterBalance_PR.pdf

Get it. If you have a bank of america account and transfer the reward into a BOA account you get a bonus as well.

I make one $1.01 charge every month to keep up my "usage". Don't use it for anything else

BOA can suck it.

 

[bruceb]

Yes, that is the one I have.

 

[AznAnarchy99]

Get it. If you have a bank of america account and transfer the reward into a BOA account you get a bonus as well.

I make one $1.01 charge every month to keep up my "usage". Don't use it for anything else

BOA can suck it.

So it's a flat $120 a year? I might as well sign up for it and do the same thing you do.

 

[AznAnarchy99]

Get it. If you have a bank of america account and transfer the reward into a BOA account you get a bonus as well.

I make one $1.01 charge every month to keep up my "usage". Don't use it for anything else

BOA can suck it.

Instant approval for $6000. LoL. I'm just going to use it to pay my $15 internet bill every month

 

[xSauronx]

Rossman: I suspect he was talking about the BoA Cash Rewards card-1% on all purchases, 2% on groceries and 3% on gas (groceries and gas limited to $1500 purchase per quarter) plus an additional 10% of reward if you have it automatically deposited into a BoA checking or savings account. Plus I think there is a bonus for signing up. I've been using that card for years but thinking of getting something a bit better.

I easily pull in $30-40 rewards per month on that card, with the Better Balance Rewards card I'd be limited to $120 per year.

the chase amazon card is decent, the bank of america ones may be better if you buy a lot of gas but....i have an 8 minute drive to work in a camry so, i dont buy much gas. also a limit of $120 year is lousy. i get ~25 a month with the chase amazon card.

Amazon has a new card that gives 5% if you're a Prime member.
https://www.amazon.com/iss/credit/storecardmember/

Heard you can upgrade the old card to it as well. There's a thread on slickdeals discussing it.

Amazon has a new card that gives 5% if you're a Prime member.
https://www.amazon.com/iss/credit/storecardmember/

Heard you can upgrade the old card to it as well. There's a thread on slickdeals discussing it.

no mint sync, fwiw. may not matter to some though. also that is amazon only card.

said thread also suggests a sallie mae MC with %5 on bookstores [which covers amazon purchases, per that thread], gas and groceries, 1% on everything else; w/ category limits of 750/250/250.

i have the chase amazon that is %3 amazon, %2 gas/groceries, and %1 other but no more than i spend that sallie mae card looks like a good option for me. i practically never go over those limits in a month but i get close to them, id definitely get another 10 or 15 bucks back each month...

 

[RPD]

I like the Amazon one (partly because I am an unapologetic Amazon shill). 3% back at Amazon, 2% back on gas, restaurant meals and at drugstores, and 1% on everything else. I honestly have no idea about the APR because I never ever pay interest on credit cards.

This, it's nice when most of the stuff you buy on Amazon ends up being free due to points!

 

[Train]

I rotate Discover and Chase cards, two cool things about the Discover is that they recently started giving you free FICO monitoring(something I liked about chase but they dropped years ago) and no there is no minimum balance on the rewards to cash them in, most cards have a $20 or $25 min to cash in, so I am typically cashing in every 2nd or 3rd month depending on how much it was used.

Throw in Amex blue preferred and I get a shit ton of cash back per year (~$1200 total)

 

[Strk]

I rotate Discover and Chase cards, two cool things about the Discover is that they recently started giving you free FICO monitoring(something I liked about chase but they dropped years ago) and no there is no minimum balance on the rewards to cash them in, most cards have a $20 or $25 min to cash in, so I am typically cashing in every 2nd or 3rd month depending on how much it was used.

Throw in Amex blue preferred and I get a shit ton of cash back per year (~$1200 total)

You can also redeem everything through Amazon. Amex does that with their point cards, but they are worth a little less that way. That is, 10,000 points is worth $75 and not $100 like some companies will do. I just did that because Amex offered 25,000 points and a free year of Prime for one of their cards.

But I do what you do with Discover and Chase.

 

[AznAnarchy99]

the chase amazon card is decent, the bank of america ones may be better if you buy a lot of gas but....i have an 8 minute drive to work in a camry so, i dont buy much gas. also a limit of $120 year is lousy. i get ~25 a month with the chase amazon card.

That $120 is a flat rate cash back for paying your bill every month, no minimums. I signed up just to pay my cable bill every month.

 

[xSauronx]

That $120 is a flat rate cash back for paying your bill every month, no minimums. I signed up just to pay my cable bill every month.

ahhh now i see. i would personally get more out of the sallie mae card if i were to just pick one, but that is indeed a good deal.

 

[Squisher]

I have a AMEX green Cash Rebate card now, but was thinking about changing too. We probably charge $36K/yr. so those cards that offer great cash back on the first $6000, but then drop down probably aren't a good fit for me.

 

[Triumph]

Nien.

Rotating cashback is yet another excellent option to add to an arsenal. You should have the 3 main rotating 5% cards: Citi, Discover, and Chase. Between the 3, although sometimes they match eachother often times at least one of them is different. Just live your daily life and tape which categories apply to it during the quarter. When you have a purchase, scroll through them to see if any apply. If not, apply the next best. If you have nothing, do a flat 2% card.

Too much work. What flat 2% card are you talking about?

 

[AznAnarchy99]

Too much work. What flat 2% card are you talking about?

Yeah. The Chase one is rarely good for me so I keep it at home. When I remember that it's good for the place I'm at, I don't have it in my wallet.

 

[RossMAN]

Get it. If you have a bank of america account and transfer the reward into a BOA account you get a bonus as well.

I make one $1.01 charge every month to keep up my "usage". Don't use it for anything else

BOA can suck it.

I'll get it assuming they'll allow a "product change" from my current to new cc.

Will probably charge my monthly web hosting and Netflix to it, pay it off in full every month = $120 per year which I'm content with. I'm sure there are higher % available, however I don't plan on spending a lot and I like how easy it is to earn $ rewards.

 

[uhohs]

I tried converting/product changing my unused BoA card into the Better Balance Rewards card through chat and the messaging system yesterday. No go.

Read that they stopped doing conversions back in ~Nov 2014. doh.

 

[nk215]

If you spend a ton of $$, don't overlook the Amex Gold. Even with the $175/year fee, I make out quite a bit because of their rewards/benefit.

Even take the points of with the worst possible way (convert them to amazon $$$), I can still come out way ahead.

 

[AznAnarchy99]

If you spend a ton of $$, don't overlook the Amex Gold. Even with the $175/year fee, I make out quite a bit because of their rewards/benefit.

Even take the points of with the worst possible way (convert them to amazon $$$), I can still come out way ahead.

I was looking at that once Amex cuts the CostCo card. That or the Delta Gold card.

 

[OutHouse]

This. Costco Credit card is one of my oldest ones. I'm actually weary of it being closed or something and hurting my credit.

you mean the "I love debt score"

 

[rh71]

just converted a citi dividend card to their double cash card, which is 1% for purchases, then another 1% when you pay your bill. Much easier than having to sign up for quarterly bonuses at specific stores (which we hardly go to), or deciding which card to use when.

https://www.citi.com/credit-cards/credit-card-details/detail.do?ID=citi-double-cash-credit-card

 

[AznAnarchy99]

you mean the "I love debt score"

Funny you say that. My credit score has not improved much since I've been paying off my balances for the past year and a half in full. It spiked when I kept a revolving balance.

 

[NikolaeVarius]

you mean the "I love debt score"

770 and no debt.

Good stuff.

 

[RossMAN]

just converted a citi dividend card to their double cash card, which is 1% for purchases, then another 1% when you pay your bill. Much easier than having to sign up for quarterly bonuses at specific stores (which we hardly go to), or deciding which card to use when.

https://www.citi.com/credit-cards/credit-card-details/detail.do?ID=citi-double-cash-credit-card

You were able to convert/switch the card without re-applying? I might give it a shot then.

http://www.citi.com/doublecash

How this card compares to the competition.

No annual fee
1% when you buy + 1% when you pay = 2%
Citi shopping benefits including price rewind and virtual account number and more.

Virtual account numbers are pretty bad ass, it generates random cc which protects your real credit card number which is useful when dealing with a shady internet merchant (Rakuten.com), magazine subscriptions, trial subscriptions or if you're generally paranoid.