posted: Dec. 11, 2004 @ 10:04p
Update 1 (12/15/04): I've reorganized the list, and included the various suggestions from the thread so far.
Update 2 (1/8/05): I'm done with my applications, but I've included some of the new offerings in the lists.
In the spirit of SIS, I'm planning an Application-O-Rama in the coming days. My credit report has been cleaned up (paid off the 0% money, no recent inquiries), and my FAKO's (care of PrivacyGuard's free offer) are around 750.
In particular, I'm looking to apply for any and all half-way decent CäshBack cards. No earning limit on the Cäsh Back is a definite plus. For reference, here's the old best rewards CC thread. Since business credit cards have other considerations, I refer discussion of those to the Business CC thread, where Advanta, CapitalOne, and BankOne all have reasonable offers. Here's the list of ones I found and ones I already have that seem reasonably good.
BankOne's Free Cash Rewards - flat 1% ($600/year at $60K)
Principal/InfiniBank Cashback - tiered, up to 1.4% average ($575/year at $40K)
Åmerican Express Platinum CäshBack - tiered, 1.5% unlimited starting at $6K, revolve bonus
American Express Blue Cash - tiered, up to 1.5% (3% everyday) at $6K (max $50K), revolve bonus
Discover Platinum - tiered, 1% unlimited starting at $3K
I will probably apply for:
MBNA's Stockback Visa - up to 2% based on monthly purchase levels, best at $6K/month of spending
Fidelity/MBNA's Investment Rewards MC - 1.5% flat ($1500/year at $100K), requires Fidelity account
Chase Ultimate Cash Awards MC - tiered, 1.5% starting at $6K. No limit, bonuses for everyday purchases and/or revolving balances
AT&T Universal's Cash Rewards - 5% promo on everything til 3/05, 1% (5% everyday) after ($300/year)
Citibank Dividend Platinum Select - 5% everyday (promo 5% everything), 1% otherwise ($300/year)
Citi Driver's Edge - 5% for 9 months, then 1% (max $1000/yr), submit auto expense to redeem
Chase Perfect Card - 1% flat uncapped, 3% or 6% (promo) on gas, annual fee for low use
CapitalOne GoCash Rewards - 1% flat, terms vary, look for: no fee, unlimited rewards vs $500/year, and 2% everyday bonus
National City Cashbuilder - tiered, up to 1.4% average ($1000/year at $70,500)
PenFed's Platinum Rewards Visa - flat 1.25%, miliary service or one-time $25 fee to join
I wish I could apply for, but they seem discontinued or invite only:
MBNA's 10% cards (HGW1/HGW4) - promotional 10%, max $25/month <img src="i/expressions/face-icon-small-shocked.gif" border=0>
Household Bank's 2% card - 2% flat ($400/year), targeted invites only <img src="i/expressions/face-icon-small-sad.gif" border=0>
I'm less interested in these, but for reference, here are some "specialty purchase" cards:
Chase Profit Card - 3% on your choice of gas, dining, or groceries; 0.5% otherwise, uncapped, revolve bonus
Discover specialty cards - reverse tiered, 5%/3%/1% on your choice of gas, dining, education, or home improvement
Amex/Costco True Earnings - 1% flat, 2% travel and 3% dining (max $100K/year), Costco membership required
And as an aside, these aren't cash but worth mentioning:
Merill+ Visa - 2% towards plane tickets (or 1% towards gift certs) and nice perks
Citi Platinum Select - 1 year 0% offer, $50 credit
Citi Diamond Preferred Rewards - 5% food/gas/drugs, 1% else (max $75K), redeemable towards various gift cards
MBNA/Fidelity 529 College Rewards - 2% flat ($1500/year at $75K), deposited into a 529 plan
Chase Subaru card - 3% flat towards a car (max $500/year)
GM card - 10% promo, otherwise 5% flat towards a car (max $500/year)
Any other suggestions? I don't want to miss anything good since my credit won't be this good for a while <img src="i/expressions/face-icon-small-smile.gif" border=0>. TIA.