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rated:
kintro said: Even dealing exclusively with CU's, couldn't you do better with Penfed, Knox, Northrop, LMCU or NASA? I don't know why a 1% CB cc would spark much interest on this forum.

Because they are safe and reliable institutions, they are worth knowing about. and Another reason is that they do not require very high credit ratings or credit lines to get.


Thanks for the info on these other CUs, which all have their own variations. Which do you like best?

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Argyll said: kintro said: Argyll said: Addison Avenue has a 1% monthly Cash Platinum rewards card. You can also opt for a rewards card.

Delta has a rewards card that pays a little under 1%, but the equivalent of 1% once you reach 10,000 points.

Redstone has a rewards card of 1% under $10,000 and 2% on annual purchases over $10,000.


I have the Addison and Delta cards.


Even dealing exclusively with CU's, couldn't you do better with Penfed, Knox, Northrop, LMCU or NASA? I don't know why a 1% CB cc would spark much interest on this forum.


Because they are safe and reliable institutions, they are worth knowing about. and Another reason is that they do not require very high credit ratings or credit lines to get.


Thanks for the info on these other CUs, which all have their own variations. Which do you like best?


Agreed, Addison & Delta are safe bets.

Northrop is probably best in terms of CB at 1.5% straight annually but joining was like $50 through some association since I wasn't in their direct FOM. I rarely use the card but it's a solid back up for my existing 2% CB cc's. NASA and LMCU, I don't have the cards but I came across these when researching CU deals. NASA, tiered structure is a real put off. LMCU is worth a look for their RCA.

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rama13 said: dieuwer said:
Schwab/Fidelity is useless since these cards only allow you to fund a Schwab or Fidelity account. Additionally, Schwab and Fidelity are known for their high brokerage fees.


I pay nothing for my Schwab brokerage account, and can transfer the cash rewards from the brokerage to any account I want through MoneyLink for free. Pretty damn useful if you ask me.


Ditto.
I also opened my Schwab Brokerage account (required to get the monthly disbursement oif the 2% Cash Reward) with no minimum opening deposit. Currently have about $8.00 in the account; no fees at all.

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minggang said: Did you read what Craig talked about? Extras such as extended warranty and 90 day lost stolen protection.

Argyll said:
How often have you used that? How often has craig used that? How often does anyone use it? How easy it is to use? I have never used those features from a credit card.

I've used the Extended Warranty a couple of times. Once for an iPod, another time for a Sci calculator. Both times it was a hassle to fill out the paper work, wait for replies, send in more info, etc. But in the end I did get a sizeable check. I guess if you do FW you would not be opposed to doing a little clerical work to make a few bucks.

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scottsd said: rama13 said: dieuwer said:
Schwab/Fidelity is useless since these cards only allow you to fund a Schwab or Fidelity account. Additionally, Schwab and Fidelity are known for their high brokerage fees.


I pay nothing for my Schwab brokerage account, and can transfer the cash rewards from the brokerage to any account I want through MoneyLink for free. Pretty damn useful if you ask me.


Ditto.
I also opened my Schwab Brokerage account (required to get the monthly disbursement oif the 2% Cash Reward) with no minimum opening deposit. Currently have about $8.00 in the account; no fees at all.


One time schwab stuck me with about 40 dollars in fees, but it was my fault I guess. I was under the assumption that if you sold stock, then the money is yours right away: WRONG. After you sell stock it takes 3 business days for the stock to "settle" before you can withdraw your money. When I thought I was withdrawing my own money, I actually managed to create a margin loan. And since this was over an extended weekend, I had a large margin loan for like 7 days. At 8% interest that quickly adds up.

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glxpass said: dieuwer said: Schwab has $1000 minimum.
Not necessarily. From the Schwab Pricing Guide, regarding the Schwab One account and its minimum deposit requirement (I bolded one way to avoid it):

$1,000 per account
The Minimum Deposit
Requirement is waived
if you open a linked
Schwab Bank High Yield
Investor Checking®
account, open a Schwab
Bank Invest First™ Visa
Signature® credit card,
or establish an incoming
monthly transfer of
at least $100 through
direct deposit or Schwab
MoneyLink®


So, how exactly does someone who doesn't already have Schwab accounts get a Schwab credit card without opening and funding a Schwab account?
Are you saying they will let new customers simultaneously get the Visa credit card and open the One account with a zero balance and never require you to deposit any money into the One account?
Even if that was true, it would be a hassle to transfer your rebate cash out of the account into your regular savings account that may offer better dividends. If you just leave it sitting in the Schwab account, you would be losing interest that would be made elsewhere and if you are making transfers out every month costs you your time and electronic transfer fees.
Seems like the Schwab Visa isn't worth it unless you already wanted to use Schwab for banking or brokerage anyways.

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Although of course, Schwab hopes that once you have the Schwab One linked, you might consider using it for one purpose or another, since they really aren't making anything on this deal, that is correct, you don't have to use it other then having your credit card's rewards delivered to it each month...and no...it isn't a big hassle moving it out to another account...you simply link the desired bank to your "moneylink transfer system" in the Schwab One and Schwab has fast 1 day transfers...so you could have it in your higher rate account in just one day...

And yes, that is correct..when you open the credit card and open and link the brokerage to it...then there is no minimum initial deposit or minimum balance to maintain....and yes the card IS worth it...

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web1b said: glxpass said: dieuwer said: Schwab has $1000 minimum.
Not necessarily. From the Schwab Pricing Guide, regarding the Schwab One account and its minimum deposit requirement (I bolded one way to avoid it):

$1,000 per account
The Minimum Deposit
Requirement is waived
if you open a linked
Schwab Bank High Yield
Investor Checking®
account, open a Schwab
Bank Invest First™ Visa
Signature® credit card,
or establish an incoming
monthly transfer of
at least $100 through
direct deposit or Schwab
MoneyLink®


So, how exactly does someone who doesn't already have Schwab accounts get a Schwab credit card without opening and funding a Schwab account?
Are you saying they will let new customers simultaneously get the Visa credit card and open the One account with a zero balance and never require you to deposit any money into the One account?
Even if that was true, it would be a hassle to transfer your rebate cash out of the account into your regular savings account that may offer better dividends. If you just leave it sitting in the Schwab account, you would be losing interest that would be made elsewhere and if you are making transfers out every month costs you your time and electronic transfer fees.
Seems like the Schwab Visa isn't worth it unless you already wanted to use Schwab for banking or brokerage anyways.



Yep because CB money sitting in an account is a loss. It's not worth the hassle to use Schwab's Moneylink to transfer the money because you're losing interest on a 1-2 day transfer of CB money. Whoever applied for Schwab's 2% CB card that has uncapped CB, no minimum payout and instantly shows pending authorizations must be a real IDIOT.

rated:
I read on another site that there is a one month after the end of the statement period lag on having the rebate credited into your Schwab account (2% rebate for January Visa purchases statement wouldn't get credited to the Schwab account until March) and because there is no preset spending limit the credit account doesn't list any dollar amount for available credit on your credit report. Is that true?
Can you just transfer the rebate cash from the Schwab account to the Visa account for partial payment towards the Visa account and then avoid bothering with transferring it to your other bank?

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minggang said: For those who are still interested in PremierPass no annual fee World MasterCard, CitiCards.com does not offer it any more. However, Expedia.com version is still available. link

Signed up for the elite version for this card... Didn't know about this caveat:

Purchase Points appear on your billing statement at the close of each billing cycle. Flight Points appear on your statement 6-8 weeks after the date of travel. Flight Points only transfer to your ThankYou Member Account when at least as many Purchase Points have been transferred during the current or previous billing cycles.

Meaning my 19000 points (miles) to Singapore are wasted as I won't spend $19k in regular purchases. I guess I'll till take advantage of the $100 credit and then cancel.

Which means I need to find another card for my traveling... Any other recommendations?

rated:
deleted as card no longer offered, links dead.

2% HSBC / Orchard Bank Premium Platinum MasterCard

rated:
minggang said: Argyll,
All card in QS are categorized by rewards, also, general consumer, student and small business.
Maybe you want to create a new Category - Rewards Cards from CU Only. Here are the cards I know have more than 1% C@shBack.
PenFed (5% gas, 2% grocery, 1% other)
Fort Knox (5% gas, 1.25% other)


Whoa whoa whoa... when was this Fort Knox card discovered? Right off the bat it seems like an incredible card recently introduced in these trying economic times. Is there a catch? This thing looks like a winner... I'm not going to sign up yet but if anyone wishes to offer their advice/experience in regards to this card, I would definitely appreciate it.

rated:
I heard this card from this discussion.
Someone pointed out that PenFed Visa also have a similar blocked country list.

Last time, when I went to Canada, my PenFed Visa did not work in any gas station, and I did not try it in other places because I had Schwab Visa and Cap1 MC with me. But, I did not call PenFed in advance, so I am not sure if it was the problem. By the way, I did not get any fraud alert from PenFed although I tried at least 5 times in different gas stations in Canada.

So, Argyll, maybe sometimes, you do need a credit card from banks. Of course, I have no clue if other credit unions have similar lists.


PhrostByte said: minggang said: Argyll,
All card in QS are categorized by rewards, also, general consumer, student and small business.
Maybe you want to create a new Category - Rewards Cards from CU Only. Here are the cards I know have more than 1% C@shBack.
PenFed (5% gas, 2% grocery, 1% other)
Fort Knox (5% gas, 1.25% other)


Whoa whoa whoa... when was this Fort Knox card discovered? Right off the bat it seems like an incredible card recently introduced in these trying economic times. Is there a catch? This thing looks like a winner... I'm not going to sign up yet but if anyone wishes to offer their advice/experience in regards to this card, I would definitely appreciate it.

rated:
minggang said: I heard this card from this discussion.
Someone pointed out that PenFed Visa also have a similar blocked country list.

Last time, when I went to Canada, my PenFed Visa did not work in any gas station, and I did not try it in other places because I had Schwab Visa and Cap1 MC with me. But, I did not call PenFed in advance, so I am not sure if it was the problem. By the way, I did not get any fraud alert from PenFed although I tried at least 5 times in different gas stations in Canada.

So, Argyll, maybe sometimes, you do need a credit card from banks. Of course, I have no clue if other credit unions have similar lists.


I see my name mentioned here. I'm not sure why. However, it's likely your problem with the PenFed card is a problem with that card or the Visa system, not credit unions. I have four CU cards and I have never experienced a problem with any of them.

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argyll said: Perhaps you don't understand. It doesn't matter how you intend to manage your account if your payment gets lost, the due date is changed, a giant snowstorm, flood, or hurricane destroys your payment, or, what the hell, as some credit card companies have done, they just hold your payment and don't credit it until after the due date.
Not to continue to be off-topic here, but the talk about the cc company losing your payment actually just hit home.

I've ALWAYS paid my bills on time. These days, I have been sending in payments a week or two before the due date, just to make sure they get there on time, and (hopefully) to show the cc co I am serious about being a good responsible customer.

Well, today I just figured out that the cc payment I had set up for BillPay by my local bank last week, still has not arrvied at the cc co. Turns out the payment was mailed by the bank, vice EFT, b/c the account # I had entered into the BillPay system was judged to be in the "wrong format" by the cc co. Now how am I supposed to know that? That, and I've been paying the same cc every month for 3 years and _never_ had a problem with a payment. I think the bank I use for BillPay is somehow screwed up.

In any case, I did a stop payment on the Billpay (no fee, thank you), fixed the account # in the Billpay system, and will retry a new payment tomorrow -- hopefully it'll go by EFT this time. I might also do a
direct EFT pull by the cc to to make the minimum payment as well.

So all this sucks -- BillPay is supposed to make my life easier!

rated:
scottsd said: argyll said: Perhaps you don't understand. It doesn't matter how you intend to manage your account if your payment gets lost, the due date is changed, a giant snowstorm, flood, or hurricane destroys your payment, or, what the hell, as some credit card companies have done, they just hold your payment and don't credit it until after the due date.
Not to continue to be off-topic here, but the talk about the cc company losing your payment actually just hit home.

I've ALWAYS paid my bills on time. These days, I have been sending in payments a week or two before the due date, just to make sure they get there on time, and (hopefully) to show the cc co I am serious about being a good responsible customer.

Well, today I just figured out that the cc payment I had set up for BillPay by my local bank last week, still has not arrvied at the cc co. Turns out the payment was mailed by the bank, vice EFT, b/c the account # I had entered into the BillPay system was judged to be in the "wrong format" by the cc co. Now how am I supposed to know that? That, and I've been paying the same cc every month for 3 years and _never_ had a problem with a payment. I think the bank I use for BillPay is somehow screwed up.

In any case, I did a stop payment on the Billpay (no fee, thank you), fixed the account # in the Billpay system, and will retry a new payment tomorrow -- hopefully it'll go by EFT this time. I might also do a
direct EFT pull by the cc to to make the minimum payment as well.

So all this sucks -- BillPay is supposed to make my life easier!


I hope there are no fees from the cc company. The way I have my CU credit cards set up is: two draw automatically from a savings account so I never have to worry or even do anything at all, and the other two I initiate online from the credit union to make a payment. I have never used Billpay to pay credit cards.

Although very rare, billpay problems can happen. Most of the CUs have fairly liberal late payment policies. One of them assesses a fee only if ten days late. Also, credit unions do not automatically raise your APR if you make a late payment.

If you call the company and tell them the problem, they might be amenable to not assessing a fee.

rated:
So what's the best cards right now? I currently have:

Chase Freedom Card which gives:

3% Bonus Cash Back on gas, groceries and fast food purchases for the first six months*
•1% Unlimited Cash Back on everything else. No cap. No expiration.*
•0% Intro APR* on purchases for up to 12 months.*
•No annual fee
•Earn up to an additional 20% Cash Back at hundreds of merchants when you shop online with Chase Rewards Plus SM

I also have an Assoicated Bank Platinum card that has:

5% cash rebate on supermarkets, gas stations, drug stores.
1% on everything else.
Max $300 Rebate Dollars every calendar year.
Request checks when reward balance $50 or more.
No annual fee.

Anything out there that's better than these 2?

rated:
scottsd said:
Not to continue to be off-topic here, but the talk about the cc company losing your payment actually just hit home.

I've ALWAYS paid my bills on time. These days, I have been sending in payments a week or two before the due date, just to make sure they get there on time, and (hopefully) to show the cc co I am serious about being a good responsible customer.

Well, today I just figured out that the cc payment I had set up for BillPay by my local bank last week, still has not arrvied at the cc co. Turns out the payment was mailed by the bank, vice EFT, b/c the account # I had entered into the BillPay system was judged to be in the "wrong format" by the cc co. Now how am I supposed to know that? That, and I've been paying the same cc every month for 3 years and _never_ had a problem with a payment. I think the bank I use for BillPay is somehow screwed up.

In any case, I did a stop payment on the Billpay (no fee, thank you), fixed the account # in the Billpay system, and will retry a new payment tomorrow -- hopefully it'll go by EFT this time. I might also do a
direct EFT pull by the cc to to make the minimum payment as well.

So all this sucks -- BillPay is supposed to make my life easier!


This is why I always setup automatic payments on the credit card issuer's website. That way the payment gets drawn from my (interest-bearing) checking account on the due date (a "pull" instead of a "push"). In addition to making the issuer the responsible party (if they don't get the money, it's because they screwed up), I earn a couple days extra interest, because a bill pay "push" takes the money out a few days before it's actually due.

Chris.

rated:
got letter from citi saying they canceled my premierpass visa due to inactivity

(it's been a couple of years since i last used it)

rated:
Schwab 2 percent on everything else. No annual fee.

rated:
Fidelity & Schwab are very reliable companies. I have a brokerage account with both. I just don't have much faith in FIA.

rated:
minggang said: Argyll,
All card in QS are categorized by rewards, also, general consumer, student and small business.
Maybe you want to create a new Category - Rewards Cards from CU Only. Here are the cards I know have more than 1% C@shBack.
PenFed (5% gas, 2% grocery, 1% other)
Fort Knox (5% gas, 1.25% other)


Fort Knox is almost a clone of the Penfed Visa except for the 1.25% since Penfed lowered it to 1%

rated:
dieuwer said: Why is Capital One No Hassle Cash Rewards not listed at the beginning of this thread? Something wrong with that card?

IMO, Yes, Capital One is on a lower tier than most of the cards listed in this thread.

rated:
angelmartinez said: Fidelity & Schwab are very reliable companies. I have a brokerage account with both. I just don't have much faith in FIA.

Your comment about FIA reminds me, I've been wondering: what exactly is FIA Card Services? Is it a subsidiary of BOA? Is it an independent company?

rated:
TrueValue said: angelmartinez said: Fidelity & Schwab are very reliable companies. I have a brokerage account with both. I just don't have much faith in FIA.

Your comment about FIA reminds me, I've been wondering: what exactly is FIA Card Services? Is it a subsidiary of BOA? Is it an independent company?


After BoA bought MBNA, they decided to rename the company FIA.

rated:
I have found a card that offers 3% CashBack for the first 6 months and then reverts to a standard 1% CashBack card. In your opinion, is this a card that should be on the quick summary list?

rated:
3% on everything? Yes.

rated:
Looks like another 2% card gone and deleted, 2% Citi Platinum AMEX: In TYP (1TYP = 1c for $100 GCs, comparable for travel, Expedia) $1,500 cap per year, $99 fee, $150 bonus (15K TYP) (also promo for 2 years: 3% supermarkets, drug stores, gas). [Link]

rated:
FWMember00 said: I have found a card that offers 3% CashBack for the first 6 months and then reverts to a standard 1% CashBack card. In your opinion, is this a card that should be on the quick summary list?

My mistake on this post. It only gives 3% back on everyday purchases, which is nothing special.

rated:
Anyone have the venture rewards card from capital one? 2 miles per dollar for everything(2% for travel purchases and ?) $59 AF after first year $100 bonus. Wondering what other rewards options are.

rated:
Hi,
Long time lurker here hoping for FW wisdom.

My company is sending me to Shanghai in late April and I anticipate spending about $6000 USD. I have a business issued AMEX but would prefer to use a personal card which I can get points for (then get reimbursed by my company). However, my local credit union issued Visa will not work in China (I already checked with them). SOOoo...

Should I get another credit card? If so, which one? Is it worth the hassle ? The only debt I have is student loan and mortgage.

I checked out the best reward cards at the app-0-rama link. The Shanghai hotel is Pudong Shangri-La so a Starwood card wouldn't do me any good. They do not accept Discover. The rewards I'm most interested in would be for hotel stays.


Thanks!

rated:
1. Schwab Visa
2. Capital One card with Cash Back
3. Maybe you want double check with hotel. They should accept Discover because almost all hotels in China accept UnionPay, which is Discover's partner. Of course, you will have to pay 2% foreign exchange fee.

Beligirl said: Hi,
Long time lurker here hoping for FW wisdom.

My company is sending me to Shanghai in late April and I anticipate spending about $6000 USD. I have a business issued AMEX but would prefer to use a personal card which I can get points for (then get reimbursed by my company). However, my local credit union issued Visa will not work in China (I already checked with them). SOOoo...

Should I get another credit card? If so, which one? Is it worth the hassle ? The only debt I have is student loan and mortgage.

I checked out the best reward cards at the app-0-rama link. The Shanghai hotel is Pudong Shangri-La so a Starwood card wouldn't do me any good. They do not accept Discover. The rewards I'm most interested in would be for hotel stays.


Thanks!

rated:
I haven't heard about credit cards not working at all in a country. I have one card which suggests I notify them before traveling abroad "to prevent blocked transactions when using your credit or debit card and help ensure legitimate use of your account." Another card (Addison Avenue) says there are no foreign transaction fees (plus it's 1% CashBack).

rated:
I am not saying banks do not do it, but all cards I know which block some countries are from credit unions. Maybe it is just because these credit unions do not want to take high risk at those countries.
And, agree that Addison Avenue is a good card for internatioal use and everyone can join the CU to get it.

Argyll said: I haven't heard about credit cards not working at all in a country. I have one card which suggests I notify them before traveling abroad "to prevent blocked transactions when using your credit or debit card and help ensure legitimate use of your account." Another card (Addison Avenue) says there are no foreign transaction fees (plus it's 1% CashBack).

rated:
Beligirl said: My company is sending me to Shanghai in late April and I anticipate spending about $6000 USD. I have a business issued AMEX but would prefer to use a personal card which I can get points for (then get reimbursed by my company). However, my local credit union issued Visa will not work in China (I already checked with them).

I also recommend Schwab Visa. With most of the other cards, your awards will be nullified by the FOREX fee which is 2-3%. Make sure you don't fall for the trick where the merchant charges USD to your card. They end up converting the local currency to USD on the spot at an unfavorable rate. So just use your Schwab Visa and you'll save with no FOREX fee and 2% Cash Back.

ETA: Frommers claims that your hotel accepts Discover btw.

rated:
How many linked accounts do you have to open for the Schwab VISA and what are the minimum balances?

rated:
Argyll said: How many linked accounts do you have to open for the Schwab VISA and what are the minimum balances?

You only need to open one brokerage account with no min balance requirement, where your 2% rewards are automatically deposited to monthly. You can ACH to anywhere you like from this account.

rated:
Deleted

rated:
Have a BofA Visa signature card. Tried to redeem 25,000 for a basic flight award, but the system does not let me pick the flight I want. Shows me only one crappy flight. What a SCAM.
Getting annoyed with these reward programs. It's not worth it.
For the amount of time you fiddle around to sign up for "rotating rewards", digging thru paperwork to squeeze a measly 2%, you could have done consulting job for $250/hour. GRRRR

rated:
Well, don't get an HSBC Mastercard, that's for darn sure.

My payment (in full) was late in arriving (tho still way earlier than the "Pay By" date),
so HSBC CS suggested I put a stop payment on it -- which I did, and let HSBC know about it.
Well, the check finally surfaced at HSBC and they presented it for payment -- which my bank promptly denied.
So HSBC levies a $35 "Returned Check" charge. And then they put a HOLD on my card, so now I can't even use it for the next week!
I asked the CS reps which part of the T&C allows them to do this and they give me a blank look (over the phone).
Sucks

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