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Old 09-13-2020, 01:13 PM   #21
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As an aside, my nit with this card...

Edit to add: perhaps this should be added to the “frugal things you do that others roll their eyes over” thread.
Absolutely.
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Old 09-13-2020, 01:29 PM   #22
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The Discover card has 2% cash back on all purchases, no annual fee, and it runs periodic 5% cash back on select categories. Plus, you can select the color/theme of the card.


Edit: Incorrect. It is 1% tiered. See correction at post #25.
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Old 09-13-2020, 02:16 PM   #23
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Originally Posted by CDRE View Post
The Discover card has 2% cash back on all purchases, no annual fee, and it runs periodic 5% cash back on select categories. Plus, you can select the color/theme of the card.

My Discover pays 1% on all purchases (and the 5% quarterly rotation). I’ve had it since first offered, sometime in the ‘80s. At some point it changed to “DiscoverIT” but still seems the basic plain vanilla card.
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Old 09-13-2020, 02:23 PM   #24
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AmexBlue Preferred is 6% on supermarkets (not just groceries) to $6K/yr but $95 fee. So first $1600 at grocery chains coveries the fee. Works out to 4.4% on $6K groceries. Also 3% on gas not affliated with grocrey stores, & 6% on streaming services. Of course this leaves out Costco & Sam's.
This is my main card. Yes, it has a fee. But, the supermarket part more than pays the fee and is higher than other options. Also is good for gas and for streaming services.

I can't use Amex everywhere so I have a couple of other options. First, I use the Chase Prime Visa card for Amazon. It gives 2% at restaurants, gas stations and drugstores and 1% on everything else. So basically if a place doesn't take Amex then this is a good card to use.

My Apple Mastercard gives 3% for Apple purchases. I use this to pay for my iPhone (I have the Apple upgrade plan so pay monthly for my phone over 24 months -- this reduces that by 3%). It also gives you 2% for Apple Pay purchases and 1% for everything else.

The Fidelity card that gives a straight 2% for everything though might make a better alternative for places that right now I don't get more than 1%. I have a Fidelity account so I would get the 2%.
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Old 09-13-2020, 02:34 PM   #25
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Originally Posted by steelyman View Post
My Discover pays 1% on all purchases (and the 5% quarterly rotation). I’ve had it since first offered, sometime in the ‘80s. At some point it changed to “DiscoverIT” but still seems the basic plain vanilla card.

You made me look. Thanks! I don't get 2% but I must have at one point because that was stuck in my head. Here are the Discover details for the regular cash back:
All Other Purchases

You will earn .25% Cashback Bonus on your first $3,000 in annual purchases and on all purchases made at warehouse clubs, wholesale distributors, discount stores and their affiliates (including grocery stores). Earn 1% on purchases over $3,000. At the end of each billing period, we calculate your Cashback Bonus by multiplying purchases other than Program Purchases by the following:
When you have spent the amounts listed below in total annual purchases:You earn Cashback Bonus at the listed tier level:$3,000.01+ (unlimited)
$0-$3,0001.00% (.01)
0.25% (.0025) All purchases made at warehouse clubs, wholesale distributors, discount stores and their affiliates (including grocery stores). 0.25% (.0025)We determine your tier level based on your total annual purchases, which is the total amount of purchases made during your Anniversary Year. The calculation to determine your tier level begins again at $0 on the first day of each Anniversary Year.
Your "Anniversary Year" consists of 12 consecutive billing periods beginning with the month in which your Card was issued to you (your "Anniversary Month"). It resets on the day after the last day of the billing period ending during your Anniversary Month. Your Anniversary Month can be found on your monthly statement.
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Old 09-13-2020, 02:58 PM   #26
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The Discover card has 2% cash back on all purchases, no annual fee, and it runs periodic 5% cash back on select categories. Plus, you can select the color/theme of the card.
I had a 2% cash back Discover card for many years, probably 10 or so, but it had an annual fee... $50 as I recall. When I first got it the extra 1% it more than made up for the $50 annual fee.

Then Citi came out with the 2% cash back card with no annual fee. I called Discover and asked them to waive the annual fee and they refused so I switched.

Then they drop the annual fee.
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Old 09-13-2020, 03:18 PM   #27
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The Discover card has 2% cash back on all purchases, no annual fee, and it runs periodic 5% cash back on select categories. Plus, you can select the color/theme of the card.
There must be different Discover cards then because MY Discover only does 1% on all purchases and 5% on quarterly rotating categories.
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Old 09-13-2020, 03:34 PM   #28
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Here are the Discover details for the regular cash back:.

Wow. I had no idea of this “tiered” business! Thanks back your way.

Practically, I don’t see my usage pattern changing. I’m too used to swiping and tapping when I want.

[ADDED] I vaguely recall a call from Discover asking if I wanted to switch to “DiscoverIT” from my existing card. They may have said that a benefit and reason to switch would be the 1% cashback always (vs. the tiered levels). It’s been a while though so my memory is fuzzy on it.
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Old 09-13-2020, 07:40 PM   #29
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If you are already hooked up with PenFed they have a Power Cash Rewards VISA card that pays 1.5%. That is increased to 2% if you have their Access America Checking account. We got promotional bonuses for opening both of these, I don't know if that's still offered. The checking account fee is waived if you keep $500 minimum balance.

In the before times we used cash for most things but since the pandemic we are now putting everything on a credit card so we may as well get a decent cash back bonus. This has been working well with the PenFed Power Cash Reward card.
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Old 09-13-2020, 07:52 PM   #30
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If you are already hooked up with PenFed they have a Power Cash Rewards VISA card that pays 1.5%. That is increased to 2% if you have their Access America Checking account. We got promotional bonuses for opening both of these, I don't know if that's still offered. The checking account fee is waived if you keep $500 minimum balance.

In the before times we used cash for most things but since the pandemic we are now putting everything on a credit card so we may as well get a decent cash back bonus. This has been working well with the PenFed Power Cash Reward card.
I have that PenFed VISA card and the checking account. On CC purchases, it pays me 2% back. I write a check every so often and keep the balance above $500.
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Old 09-13-2020, 08:01 PM   #31
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Oh no. Didn’t know I needed to keep $500 in the PenFed Access America checking. I just checked and sure enough I had a $10 debit since I took the balance down after the bonus posted. I really have no need and hate the idea of holding money in a 0.2% account.
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Old 09-13-2020, 11:39 PM   #32
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Oh no. Didn’t know I needed to keep $500 in the PenFed Access America checking. I just checked and sure enough I had a $10 debit since I took the balance down after the bonus posted. I really have no need and hate the idea of holding money in a 0.2% account.
Now that rates are so low I don't mind holding $$ in a 0% checking account, as it's not going earn much these days anyways.
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Old 09-17-2020, 10:30 AM   #33
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Chase just made changes to their Freedom Unlimited Card. This is the no-fee 1.5% cash back with no maximum on cash back. They have added:

5% back on travel booked through Ultimate Rewards (generally have good prices here)
3% on dining including delivery
3% on drug stores

Note the details on their web page. The 5% isn't 5% + 1.5%, but 3.5% on travel + 1.5% cash back.

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Old 09-17-2020, 10:51 AM   #34
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Chase just made changes to their Freedom Unlimited Card. This is the no-fee 1.5% cash back with no maximum on cash back. They have added:

5% back on travel booked through Ultimate Rewards (generally have good prices here)
3% on dining including delivery
3% on drug stores

Note the details on their web page. The 5% isn't 5% + 1.5%, but 3.5% on travel + 1.5% cash back.

- Rita
Chase has also added a new Freedom Flex card with the 5%/3% benefits listed above, while keeping the 5% quarterly rotating categories and straight 1% cash back on everything else. I applied for the new card and was accepted right away.

Sign up bonus for new cardholders includes $200 cash back for spending $500 in the first 90 days, plus 5% cash back on groceries for a full year, up to $12,000 of grocery spending, excluding Walmart and Target. Rumor has it that current Freedom cardholders can request a product conversion right now, or wait to be automatically converted when they sunset the Freedom card. However, people report that product conversions don't come with the sign up bonus, which is why I didn't go that route.
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Old 09-17-2020, 11:32 AM   #35
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Thanks for all the replies. I’m adding the Freedom card, and may add the Fido card. 3 cards are way more than I need, but cash back seems to be a better way to go in these times.
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Old 09-17-2020, 03:30 PM   #36
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Quote:
Originally Posted by Gotadimple View Post
Chase just made changes to their Freedom Unlimited Card. This is the no-fee 1.5% cash back with no maximum on cash back. They have added:

5% back on travel booked through Ultimate Rewards (generally have good prices here)
3% on dining including delivery
3% on drug stores

Note the details on their web page. The 5% isn't 5% + 1.5%, but 3.5% on travel + 1.5% cash back.

- Rita

I have that one too. Am saving our considerable points total to use in Ultimate Rewards when we travel again. We will be eligible to get a bonus on a new Chase Card such as Chase Sapphire after March 2021. That is when an agent told us we could get a new card after I cancelled the Chase Sapphire Reserve.

So maybe a decent plan is to save the points, sign up sometime in 2021 or 2022 and get the multiplier that card gives for Ultimate Rewards usage (25% currently). I think this might apply to points moved from other cards to a new card that has a multiplier like Chase Sapphire.

Complicated.
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Old 09-17-2020, 04:28 PM   #37
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I have that one too. Am saving our considerable points total to use in Ultimate Rewards when we travel again. We will be eligible to get a bonus on a new Chase Card such as Chase Sapphire after March 2021. That is when an agent told us we could get a new card after I cancelled the Chase Sapphire Reserve.
It has been a year, but I pretty distinctly remember it was a 4 yr wait for any Sapphire card to qualify for signup bonus if one cancelled a card.

Are you planning out a 4yr wait

https://creditcards.chase.com/reward...rred?CELL=6269

"This product is available to you if you do not have any Sapphire card and have not received a new cardmember bonus for any Sapphire card in the past 48 months."

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So maybe a decent plan is to save the points, sign up sometime in 2021 or 2022 and get the multiplier that card gives for Ultimate Rewards usage (25% currently). I think this might apply to points moved from other cards to a new card that has a multiplier like Chase Sapphire.
....
It worked for their Freedom card , so probably would work for this new card of theirs.
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Old 09-17-2020, 04:35 PM   #38
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I guess it has been some years since I got the Chase Sapphire Reserve card. Just ended it today. The agent said in March 2021 I'd be eligible to get a new one with any bonus reward.

Now that I read the Covid thread on how long it might take to really really really go away, I may not need a new card in 2021 or even 2022.
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Old 09-17-2020, 05:29 PM   #39
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This is not something that would bother me, but I did switch away from Citi cards last year when they slashed the travel protections of the Citi Premier. I went with Chase Sapphire Reserve, and then the Freedom Unlimited, which is 1.5% back on everything. But if you transfer the points to your Reserve points bucket, they are an extra half point when redeemed for travel.

And then travel ground to a halt.

I think the Unlimited just upped the cash back for drugstores and maybe dining? I've completely lost track.
Gal had built up a pile in her CSR card. When travel got iffy Chase made some other categories available for points. Like so:
https://www.doctorofcredit.com/shoul...phire-reserve/

We have run those accrued points down at Home Depot and Lowes replacing fence panels and grocery stores/Walmart for food and a couple monitors. Very gratifying to spend $1 in points for $1.50 in goods!

I like our Fidelity card as the mainstay - 2%, no annual fee, we have a Fidelity savings account that the cash back accrues in. Other than that I hunt bonus amounts on new cards which far exceed our normal point earnings.
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Old 09-17-2020, 11:56 PM   #40
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I guess it has been some years since I got the Chase Sapphire Reserve card. Just ended it today. The agent said in March 2021 I'd be eligible to get a new one with any bonus reward.

Now that I read the Covid thread on how long it might take to really really really go away, I may not need a new card in 2021 or even 2022.
I totally misunderstood the credit card conditions, probably as I was influenced by my actions of only keeping the card for 1 yr.
So for me it is a 4 yr wait.
But it is the actual bonus that is only every 4 yrs.
Thanks for the correction.
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