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Old 01-10-2011, 03:13 PM   #461
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Allow me to add on a little extra in this category, please.

And by all means get a cashback credit card that offers a good percentage back on gasoline/automotive purchases. Mine has 4% cashback and I am almost ready to get my first $100 check. Gas here is now $3.25 per gallon.
Can you share which card gives 4% cash back?
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Old 01-10-2011, 03:26 PM   #462
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Another $ saving tips: Drive like a little old lady.
Oh, I think I've been behind you on the onramp. Seriously, it's possible to save gas like this, but I hope folks will use common sense. Or, just put on the neck brace now (you'll need it soon anyway) and drive with the hazard lights on (if you're a rolling barricade).
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Old 01-10-2011, 03:46 PM   #463
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I wouldn't advise getting a driver behind you getting seriously ticked off, and maybe you can't do that as much in the city, but here in the burbs traffic can be light, so i coast to a stop at lights and such.
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Old 01-10-2011, 05:13 PM   #464
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Can you share which card gives 4% cash back?
PNC offers a VISA card called Everyday Rewards. It features 4-3-2-1 cashback on gas/auto (4%), entertainment (3%), groceries (2%), and everything else (1%) over $10K in annual purchases. No annual fee. APR depends on your credit rating.
Everyday Rewards used to be issued by National City Bank. It may be geographically limited. I have had the card for quite a while, before National City imposed the state of residence limitations.
PM me if you cannot locate it.
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Old 01-10-2011, 07:25 PM   #465
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Freebird, are you saying you don't earn any rewards before you hit $10K in annual purchases? If so I'd never charge that much!
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Old 01-10-2011, 08:53 PM   #466
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No, the $10K annual thing is only for the 1% category.

You get the 4,3,2% categories right away. There are monthly limits for the 4,3,2% but it would take a LOT of spending to reach them.

Here it is:
https://www.pnc.com/webapp/sec/Solut...sa+Credit+Card

I carry a zero balance from month to month.
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Old 01-11-2011, 06:38 AM   #467
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Sounds like my kind of credit card.
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Old 01-11-2011, 06:43 AM   #468
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I am SOOOOO disappointed. I went to apply online and they don't offer the card in Connecticut. If anyone has a similar great CC, I'd love to hear about it.
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Old 01-11-2011, 06:59 AM   #469
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I am SOOOOO disappointed. I went to apply online and they don't offer the card in Connecticut. If anyone has a similar great CC, I'd love to hear about it.
PenFed Credit Union (anyone can join, see #8 here) offers a popular cash back Visa card - 5% on pay-at-the-pump gas, 2% on groceries, 1% on everything else. No fee, no annual reward limits and the cash is credited to your monthly statement.

One caution: PenFed had a recent security breach and are in the process of issuing new account numbers to all Visa card holders. Some of us have been less than pleased with the process. Here is a thread discussing it: PenFed credit card woes
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Old 01-11-2011, 07:59 AM   #470
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Thanks very much wahoo. I will look into that.

the security breach doesn't bother me too much as i would have to assume they will now take steps to tighten security, plus there is 0 liability for credit card holders in the event of ID theft.
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Old 01-11-2011, 08:18 AM   #471
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Well, it appears as you said. However, eligibility-wise, since I'm not a veteran or federal govt employee, it appears the only way i could join is as an American Red Cross blood donor, although i have nothing to prove I've given blood so will see when i apply.

Since i track my expenses, i can see that in 2010 if i charged most of my gas and food purchases, i'd get just about $100 back. I don't have a special reason to get a new credit card, other than because the cash back Amex card i use now has much smaller rewards (it's an older card). But i like the idea of making a little money without having to do much. I pay my credit card bills in full each month anyway so they wouldn't make a dime off me.

however, i recently opened a new sears card a few months ago and i imagine if i opened this new card it might zing my credit a little since it might appear i'm a little too active opening up new cards. My score now is at an all-time high of 801 last i checked.

what do you think? Should i go for it?
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Old 01-11-2011, 08:23 AM   #472
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Well, it appears as you said. However, eligibility-wise, since I'm not a veteran or federal govt employee, it appears the only way i could join is as an American Red Cross blood donor, although i have nothing to prove I've given blood so will see when i apply.
Fern, look at item #8 on their "How to be a member" page. A one-time donation of $20 gets you lifetime membership in the CU.
Quote:


National Military Family Association

If you do not fall within our regular field of membership, you can join the National Military Family Association in order to become a member with Pentagon Federal Credit Union.
  • Low, one-time only $20 fee (fee is non-refundable tax deductible donation)
  • Membership is open to anyone
  • National Military Family Association is the leading non-profit advocacy organization for military families
  • You do not have to retain National Military Family Association membership to stay a member with Pentagon Federal Credit Union
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Old 01-11-2011, 08:48 AM   #473
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Yeah, i saw that but was trying to avoid paying that fee, cheap as i am.
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Old 01-11-2011, 08:48 AM   #474
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I am SOOOOO disappointed. I went to apply online and they don't offer the card in Connecticut. If anyone has a similar great CC, I'd love to hear about it.
Bummer...
I originally found out about it via www.bankrate.com
I am figuring I was grandfathered in as an active account holder when National City decided to impose geographical limitiations on accounts. Then PNC acquired National City.

Here are the current offers for Cashback cards
Cash Back Cards by Bankrate

Watch out for ones that have annnual fees.

If you look on the right side of the BankRate CashBack Card webpage, you will see a box with circles that allows you to change the search criteria.
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Old 01-11-2011, 08:49 AM   #475
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Giving blood doesn't cost me anything
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Old 01-11-2011, 08:56 AM   #476
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Yeah, i saw that but was trying to avoid paying that fee, cheap as i am.
OK. Since you said "...it appears the only way I could join...", I thought you'd missed seeing the NMFA option.

In case you reconsider, the NMFA has a good score with regard to passing along a large percentage of funds donated to recipients. And the $20 is tax deductible.
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Old 01-11-2011, 09:14 AM   #477
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what do you think? Should i go for it?
Yes.

I grumbled & grumped for several years before joining PenFed via the $20 tax-deduction route.

Since then I've earned at least 0.25% higher on CDs than competing credit unions, scored a HELOC at 2.75% interest, and refinanced to a 30-year fixed 3.625% mortgage.

I haven't applied for a credit card yet but it's become more convenient to buy gas at Costco (for 2% back on everything) with an Amex than to chase around the island for 5% on gas and only 1% on many other purchases.

IMO PenFed is the credit-union equivalent of Vanguard. They both have extremely low fees but their customer service and their infrastructure are... fragile at times. I trust PenFed not to screw around (too much) with CDs and loans but apparently credit cards are a different sort of challenge.
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Old 01-11-2011, 10:04 AM   #478
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Very illuminating, Nords. I'd never heard of them before, but that's very helpful info. I haven't ruled them out, still "ruminating." I don't anticipate any needs for loans of any kind.

Do you think the current number of CCs i have is too much? I have 2 major credit cards (a visa and Amex), both of which i've had a long time, and also these store credit cards: Pier 1, Sears, Kohl's, Macy's.
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Old 01-11-2011, 11:22 AM   #479
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Very illuminating, Nords. I'd never heard of them before, but that's very helpful info. I haven't ruled them out, still "ruminating." I don't anticipate any needs for loans of any kind.
Do you think the current number of CCs i have is too much? I have 2 major credit cards (a visa and Amex), both of which i've had a long time, and also these store credit cards: Pier 1, Sears, Kohl's, Macy's.
I don't know enough about credit ratings to know how much this aspect factors into the overall number. Store cards may also be weighted differently than major cards, and I think the credit rating is affected more by having a large number of recent card issues.

However there are a number of posters with more cards than that who still have high-700s credit ratings.
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Old 02-17-2011, 03:59 PM   #480
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I'm still in the process of setting up a trip to Peru. A lot can be done over the internet, but I'm finding that a few places simply need a phone call and I was struggling for a way to do that really cheaply. Even Google Voice has a $10 minimum credit, sooooooooo.......it occurred to me that my prepaid cell phone has a couple of hundred bucks in rolling credit that I will probably never use. I authorized it for international calls and it works great.

OK, back to straining the glass shards out of the peanut butter.
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