Would be most grateful for any CC suggestions with the following conditions:
*Mastercard or Discover Card only. Visa simply will not work for me.
*Highest possible cash reward
*No annual fee unless the reward is amazing
*One reward point per dollar spent
My own research (yeah, I have been working on this myself, too) is pointing to Citi Double Cash and the Discover program that makes you wait until year’s end to get the other half of your 2% reward (not great).
I’m only interested in CASH rewards, and only in rewards that apply across the board, not in rewards that just apply for specialized types of spending (groceries, gasoline, etc.)
I realize this is a very targeted sort of inquiry, so any suggestions on target will be very much appreciated.
They also do not accept American Express. Should have mentioned that in the OP.
Am limited strictly to Mastercard or Discover. Cash back deals with these cards are less numerous than with many Visa cards, which is why I need help. There must be some opportunities out there . . . I hope.
The Citibank Double Cash card is available in MasterCard form and it pays 1% upon purchase and another 1% upon payment. The cash back can be redeemed as an account credit, check or direct deposit to your bank account.
The only thing about it that has been less than ideal for me is that the direct deposit option has some prerequisites that have to be met and I don’t meet them without some inconvenience for me. For most people I suspect that the prerequisites wouldn’t be a problem.
Haha fair. I’m on my phone so can’t find the terms, but it’s basically a cash back card that they say earns miles because they want to be fancy (this annoys me to no end as well, especially when cash back is almost always supreme, so should be the touted benefit). You should be able to find information on Discover’s website though.