5% Reward Cards.... A comprehensive list!

from how I read it, in order to get the 10% you have to spend a matching amount in the 1% category. So best case you get 5.5% if you match penny for penny.

Pondus said: captainjrl said: from how I read it, in order to get the 10% you have to spend a matching amount in the 1% category. So best case you get 5.5% if you match penny for penny.
...and probably match it so in every single statement period. And after the first year, such spending precision only produces about 3%. I have jumped on too many rewards bandwagons just before their wheels came off, and am letting this one pass.

I think I will be passing as well.

captainjrl said: from how I read it, in order to get the 10% you have to spend a matching amount in the 1% category. So best case you get 5.5% if you match penny for penny.

It is pretty annoying, but hard to say no to the rebate. I can confirm that if your spending doesn't match or exceed the ATT amount in the billing statement, you will not get the rebate.

There is not much reason to use it beyond the amount you spend on ATT in a month unless you have a particular reason to get 1% TYP over 2% CashBack, or 2% TYP (on the CitiPP/PPE)

The older Universal Rewards card with 5.2 TYP for every dollar in AT&T purchases, plus 1.2 TYP for everything else, is better in this regard - with no penalty for not using the card for non-AT&T purchases. I pay my phone bill with the card automatically every month, and do nothing else with the card.

I think I'm better off getting 2% back on my AT&T bill (Fidelity AMEX) w/ 5% back on gas, 2% everything else, than get 10% back on AT&T and 0% back on the other stuff.

How to add the new Associated Bank CC to yodlee? Although I am not using it and simply putting it in the drawer.

onezerone said: So I am a college student and have six choices in my mind for a CC. I would like to have a decent Cash Back return and hopefully not have to change/get a new card in the near future. These are the choices:

1. PenFed Platinum CashBack Rewards
2. Union Bank Maximum Rewards® Platinum Edition® Visa® Card
3. Fidelity® Investment Rewards® Visa Signature® Card
4. Citibank Dividend Platinum Select for College Students
5. Citi CashReturns® Card
6. Chase Freedom/Chase Sapphire

Not a big fan of companies who jacked people in their pursuit for a higher profit margin so ethically, I would rather go with the other companies...but realistically, I have to do what is best for me. Also, would like to have a check sent to me instead of just receiving a credit to the account so I can actually choose in how the money is spent but that is another want and not a need.

Thanks.

Schwab card gives 2% CashBack. Oh that's right you can't get it any more! lol But seriously, why limit yourself to just one card. More cards will give you different ways to get CashBack and increase your credit score.

defjukie said: -PenFed Platinum at the pump (5% on gas)
-Schwab Invest First at the grocery (2% flat)
Unless someone's got a better grocery store card.

I wholewheartedly agree with those two.
For Groceries, try CITI Diamond Preferred -- pays 5:1 in Thank You Points, for first year.
Note -- this card does _not_ consider a WalMart Superstore (the one with a grocery) as a
grocery store, as compared to some other cards, which do. So you only get 1 pt/$$ at WMT SC.

EDIT: And just for completeness, consider the CITI Forward VISA -- pays 5:1 (Thank You Points) on meals, books/movies and music (which incl anything you spend at AMZN). No annual fee.

PhrostByte said: I would recommend Fort Knox over PenFed.

Penfed 5% gas, 2% groceries, 1% EDS

Fort Knox 5% gas, 1.25% EDS

I'd say Penfed has a slight edge... .25% is not going to break the bank, and 2% on groceries is good...

onezerone said: So I am a college student and have six choices in my mind for a CC. I would like to have a decent Cash Back return and hopefully not have to change/get a new card in the near future. These are the choices:

1. PenFed Platinum CashBack Rewards
2. Union Bank Maximum Rewards® Platinum Edition® Visa® Card
3. Fidelity® Investment Rewards® Visa Signature® Card
4. Citibank Dividend Platinum Select for College Students
5. Citi CashReturns® Card
6. Chase Freedom/Chase Sapphire

Not a big fan of companies who jacked people in their pursuit for a higher profit margin so ethically, I would rather go with the other companies...but realistically, I have to do what is best for me. Also, would like to have a check sent to me instead of just receiving a credit to the account so I can actually choose in how the money is spent but that is another want and not a need.

Thanks.

No Citi Forward? Great for the college experience and worthwhile enough to hold on to afterwards due to the discount at Amazon.

If you go with Chase, I would recommend biting on one of their sign up offers for their checking accounts for some more $$ in your wallet, if you have an account with them the card gets upgraded to give you 10 extra points per purchase and a 10% bonus (essentially, 1.1%+$0.10 per transaction). Great for small purchases like when you order off a dollar menu. A $2 purchase gives a return of 12.2 points or 6%.