It’s been about a month since I reported progress. Things continue to go along very well and I’m making good money. Thought it might be time to comment on the seven cards, six MasterCards and my Discover Miles card, I have in the rotation. All cards are maxed out, or more, each month. These are solely my impressions and I acknowledge your experiences could be much different. But here is how I’m seeing the cards, from best to worst:
Best cards (tie): PayPal Mastercard and Discover Miles
Both cards are exceptional. Quick acknowledgment of payments. Instant crediting of payments back to my credit line. Discover even gave me a credit line increase without a hard pull. Customer service at Discover is best of all my cards.
Good card: Citi DoubleCash MasterCard
My only complaint here is their obsession with security. I never know if a charge will go through first time, even if it is a repeat of a payee they have seen prior. But otherwise a good card and am happy I have it. But for Citi’s security obsession, this card would rate as exceptional. However no other card issuer, including even my Visa cards and Amex cards, has the security fixation Citi displays. They are over the top!
Middle of the pack: Barclaycard Rewards MasterCard and Bank of America Cash Rewards World MasterCard
Both solid performers, but at only (for me) a 1% reward. Nevertheless, payment crediting is quick and credit line restoration is quick. I’m grateful to have both cards.
On the rise: Citizen’s Bank Cash Back Plus World MasterCard
This card drove me crazy until very recently because the bank placed my payments on extended holds of circa one week!!! It was nuts! However, things are looking up. My most recent payment to them (it was LARGE) received immediate crediting with instant restoration of my credit line. So maybe this bank finally realizes I’m not a deadbeat. There are very positive aspects to this card, e.g., the 1.8% reward, so I’m glad I have remained with them and maybe, just maybe, it’s going to be a great experience going forward.
Last place. Dead last would be more like it: HSBC Cash Rewards MasterCard
Horrid customer service. Payment crediting takes a week. But I’m not giving up. The 1.5% reward is nice and they pay rewards quickly in form of statement credits. They have paid all bonuses promptly. But no other card I own, including Visa cards and Amex cards, takes a week to acknowledge payments. You really have to be on your toes using this card. Will things become better? I dunno.
So there you have it, my menagerie of Discover and MasterCards, the good, the bad, and the ugly.
Operating in concert with one another they provide the basis for a profitable little enterprise.