Best Reward / Cash Back Credit Cards

Best Reward / Cash Back Credit Cards


I never get any offers from Fido. And I only use it once a year so it doesn’t get closed. I even subscribed to special offers emails. :unamused:


Maybe Elan doesn’t have your email address. The fine print in the promo email states, “To ensure that you continue to receive email from us, please add us to your Address Book (” Also, when are you going to stop using Firefox 2.0?

You may change your marketing preferences by visiting If you have any questions, please call Elan Financial Services at 888-551-5144.


Of course they have my email address, and yes I’m signed up to receive special offers according to that link. And I’m on the latest version of FF. Still missing one pre-quantum extension, but I’m surviving without it.


After an edit. The first version said “six months”.


I don’t know how I missed this. You made an FAQ on yourself about a card that has been mentioned twice already.


Gosh. I also don’t know how you missed it. :wink:


Obviously, your two jobs are too much.


Hand and blow?


Was approved for the Freedom card with the 5% reward. Application and approval processes were not too challenging. Credit line they granted was VERY high.

This is the third credit union card I have done recently. Would be more excited except the other two, so far, have not been helpful at all with “unconventional” spending. And when unconventional spending is taken off the table I really cannot make a lot of money with credit cards. I mean, yeah sure, I will make small dough at 5%. It is a good reward. But I do not spend enough money conventionally for it to amount to much.

So will the Freedom card be different? Will I be able to do some unconventional spending with it? I dunno.


Does anyone having knowledge of how much you can overpay Federal taxes with a credit card without problems with the IRS or credit card company. I have received refunds of about $5,000, but I could imagine even large refunds.

The cheapest processing fee is 1.87% (Pay1040) and 3% back is on my Alliant credit card, and 2.65% on BOA cards (platinum status). There are also several cards with 0% interest for the first year, and combined with the rewards percentage this could be a useful source of financing.

In theory refunds come fairly quickly, but could imagine the IRS being worried about fraud and delaying a large refund. I am not aware of any regulations which forbids over paying taxes on purpose, but there may be one somewhere.


I had this discussion with a nice lady at the IRS perhaps between one and two years ago. Overpayment is “no problemo” and it is not against the law. However, I have never overpaid much outside your own experience. So I do not know what an upper limit might be in order to avoid AA (adverse action). And if ever there were an entity from which incoming AA would be unwelcome, it is the IRS!:open_mouth:

One additional thought occurs. I suspect they will tolerate more overpayment if your return is larger. A 20 grand overpay on an $800k return might be no bigee to the IRS. On a $90k return it could be another story entirely.:wink:


My own personal limit … I don’t overpay by more than what my total tax bill is ( if I didn’t withhold anything during the year ). So I have done low to mid 5 figures back in the AARP days.


Like a lot of the stuff we do, you can do as much as you want - until you’ve suddenly done too much. They could delay/hold your refund, pending verification. And it could trigger an audit, on the premise that higher income may have prompted your higher payment, which you then decided not to declare. As long as you are playing things straight, neither possibility should be to concerning.

I guess I’d suggest not overpaying by more than your total reported income, but even that’s just an arbitrary threshold. No matter how much or little you overpay, you just need to go for it and hope for the best. There will always be extreme examples, but for the most part the down side is pretty benign, and will be little more than a hassle to straighten out.


There is a procedure for review of large refunds that could potentially take a long time. I’m not actually sure if this applies to individuals, and not sure if it applies to straight overpayments, but refunds to corporations sometimes have to be reviewed by the Joint Committee on Taxation. However, the threshold is in the millions, so I’d imagine this isn’t the level you were talking about. That said, there may also be other IRS internal thresholds for review.


The Freedom card looks very attractive. Apparently you can not apply online until you are a member (or will qualify by residence or employer). After calling I was told I could join American Consumer’s Council to do this, not living in the Philadelphia area.Then something has to be faxed, and then you can apply for a card.


closest thing to a 5 % back card (excluding Freedom and Discover rotating cats) is the Discover Miles that gives 3% on everything (but you need to wait for 1 year to get the 1.5 % matched). But this offer is only for 12 months. But I have a big family… The Alliant credit Union is 3% for the first 12 months, then drops to 2.5 on everything after 1st year. For the lucky ones who possess the Amex Old Blue Cash… still 5% in groceries/drugstores and gas.


but your 3 month window had already started. the card will probably arrive in 10 days and you lose out on 3 weeks already…plus the hard pull.


Keep in mind the potential that someone else will file your return and get your refund. This type of identity theft is rampant, and it happened to me two years ago. In my case, it only took about six weeks to sort out, but many tell tales of it taking 18 months or more.


Agreed. The “three month” thing is sort of a come on. I will scarcely have time to determine if the card actually even works for the kind of spending I would like to put on it. That said:

5% is a decent reward and it is a higher reward than I have available on any other card. My next closest is just 3% on Discover, and I get that only provided I’m able to hang onto the card until next July. So it’s up to me to put the 5% to use during the short interval it will be available to me. That interval does coincide with Christmas, which is nice. I also can load up on gift cards for groceries and gasoline, and I will make my January quarterly tax payments with the card. Also there will be opportunity to pre-pay a bunch of stuff. In addition:

The line of credit Freedom offered me was higher than the (rather lofty) line I requested. Having that much credit on my record will help me lower my utilization, which is a worthwhile thing. I get this benefit even without using the card at all.

So bottom line, I remain comfortable with my decision to have applied for the Freedom card, warts and all.:grinning:


I did just over $9k over-payment last year. Doesn’t seem at all worth it for the 1% arbitrage you mention. But for larger bonuses for opening spend or milestones, especially with Amex. I had an existing (not new application) amex that gave me two Hilton weekend nights for putting $15k on it (plus AF worth of retention points). 0.7% net fee on $15k = $105 for two weekend night certs.

My actual final taxes was ~$13k. I paid early april, didn’t end up filing until Oct 14. ACH received 2nd of Nov.