Best Reward / Cash Back Credit Cards

Best Reward / Cash Back Credit Cards
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#498

The subject line of the email reads as follows:

You have a new bill from Bank of America Credit Card

It is purely a bill, not a statement, and it does not include mention of any of my charges. Sole focus is on amount I owe.


#499

Does that mean all my many other credit card providers are dumb? Because they all offer me a modern, acceptable, way to be paid . . . all except for Bank of America.

Bank of America is not smart. They are merely still living in the last century.


#500

I misunderstood. I didn’t realize you were referring to an email saying that you owe $0. I don’t really consider emails “bills.” But it is a useful notification that your statement is ready. Most of my credit cards send emails with the “your statement is ready” wording. Back when I had my cards set up in BoA to send me eBills, I would occasionally get emails with “You have a new eBill from XYZ” as the subject line where it said my amount due and account balance were $0.00. I found it useful.

Yes. If Chase and Citi had branches all over the country like BoA, I wouldn’t be surprised if they had the same policy. Chase might eventually now that they are expanding and allowing accounts to be opened online nationwide.


#501

Target did this. They recently changed their format to omit the balance due. Since I don’t shop there with any predictable regularity, I have to log in to view the statement to see that I owe nothing and have just wasted my time. I’d rather have the former situation where a quick delete of the email is all that’s required.


#502

BOA pays :slight_smile: Some banks put that type of wording with a clause indicating open must be open to receive deposit, etc. Maybe someone at BOA forgot some words.


#503

Well, I’ll miss the 3 months window for the WF’s Propel card’s initial bonus for sure now. So I’m thinking about paying my property tax early. It will cost me a 2.35% fee to use CC to pay property tax but I figure the $300 return is worth it as the fee will cost me about $58.

I checked with doctor’s office and they accept Discover so I’ll probably get the Discover to get the 1st year 2x bonus.

Thanks for the help…


#504

I have done property tax or income tax multiple times, although recent years it’s been less frequent but much larger than $300 opening bonuses. It may cost less than you put in the example. If the card earns 1% cash value, subtact that from 2.35%. Net fee to charge is thus only 1.35%


#505

The idea of making a large purchase on the BOA card in a category you just switched to seems sensible.

Another possible strategy is to have a card on dining from the previous month to get the 3% (5.25% with the Platinum status). Near the end of the quarter, if you have not used up your quarterly rewards limit ($2500 in spending per quarter), switch to another category (say online purchases) and then buy a gift card to earn the full rewards (say a Amazon one, if you regularly spend a lot there). Then at the start of the next quarter, switch back to dining (which includes fast food).

Also, if married wife may be willing to get a card, and use it for a different category, or for extra spending in online purchases (where we spend a lot).

If you can get the Komen Mastercard, you appear to get the same benefits, and a little bit extra goes for breast cancer. This has recently come out of the “sock drawer” due to their new improved rewards scheme, since 5.25% on one more category is ice.


#506

A major advantage of the $300 offer is not the cash, but having a BOA bank account qualifies you for their rewards program if you have a certain value of total relationship (including Merrill accounts). With a $100,000 relationship (possibly 99,999.99 in Merril IRA and .01 on deposit at BOA), your 3% becomes 5.25%, and you get 100 free trades. You can usually pick up an additional reward by bringing assets into Merrill.


#508

Costco Anywhere Visa no longer has FTF.


#509

It never had FTF. I guess this wasn’t mentioned in the wiki, but now it is.


#510

No FIDO parent thread so here we go. “Free” Costco membership ($40 statement credit + $20 Costco cash card) for FIDO cardholders only. Valid for new Costco memberships only. To qualify as a new member, an existing Costco membership must be expired for 18 months or more. https://costcomembershipoffer.com/purchase/purchase/fidelity


#511

There are three posts about this and none of them correctly point out that this is targeted. Elan Financial does deals like this occasionally (I got a movie, popcorn, drink, and $20 Visa gift card from them recently), and they are directed to only a small subset of the card holders.


#512

I don’t see anything in the T&C saying its targeted. What am I missing?


#513

Possibly the fact that you didn’t get invited to participate in the offer, and the word “Select” in the offer.
costco


#514

Yeah, I skipped right to the T&C. Thanks.


#515

For those looking for a Visa, Chase Freedom Unlimited is offering double rewards for the 1st year ( 3% ) up to $20k in purchases, 1.5% after that. No annual fee.


#516

Unless you are a big spender, it would make more sense to get something with a large signup bonus like the Sapphire Preferred.


#517

Not sure if there was a $300 signup bonus for the Propel before but I got that offer in the mail today.


#518

Just got another 5% up to 2500 pt ($500 spending) offer from Citi. I noticed if I let that card sits for a while then I will get such offers. I just usually spend it on a GC at grocery store then put the card back in the drawer.