Forum Thread

Good 3% to 5% credit card?

theemaster 470 41 October 27, 2015 at 05:40 PM
I'm tired of spending money and not getting the kickbacks?? I spent tons at TCF.. earned $400 in gift cards and then they expired the whole deal and I lost out..

So looking for the best credit cards I could carry that have cashback or something of value.. hoping in the 3% or 5%? range.. I don't necessarily have "good" credit.. but I do have the ability to put a deposit down $1-2k something to get me the card if that helps?

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#2
Quote from theemaster View Post :
So looking for the best credit cards I could carry that have cashback or something of value.. hoping in the 3% or 5%? range.. I don't necessarily have "good" credit.. but I do have the ability to put a deposit down $1-2k something to get me the card if that helps?
It depends a lot on what categories you spend the most in (groceries, gas, restaurants, travel, cell phone, etc.).
You can use the reward calculator at http://www.creditcardtuneup.com/ to get some ideas.

Note that the Discover it Miles card sounds like a travel card, but you can take the "miles" as cash back. So it ends up being 3% cash back (at the end of the first year) on all of your spending, but only for the first year, then it's just 1.5% cash back on all spending.
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#3
Quote from theemaster View Post :
I don't necessarily have "good" credit..
Paypal debit card, 1% CB (no credit needed,linked to bank acct/pp bal)

https://www.paypal.com/webapps/mpp/debit-card
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#4
Pentagon Federal Credit Union pays 5% CB on gas, 3% CB on groceries, 1% on everything else.

Discover IT offers rotating 5% categories, plus if you shop through their Discover Deals portal, you can get more CB. 1% for anything outside the rotating categories.

Citibank now has a card that's 2% CB on everything.
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#5
well, I've converted to paypal for now.. but I think I will get that pentagon one.. and maybe work on others you suggested MoneyInMind Smilie
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#6
Quote from MoneyInMind View Post :
Pentagon Federal Credit Union pays 5% CB on gas, 3% CB on groceries, 1% on everything else.
hmm says the PenFed Platinum Cash Rewards Visa® Card First year $0 then $25 fee??

And a bunch of the other cards.. show 1.5% on purchases? But there's no numbers on this one..
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#7
hmmm.. I found this thread I saved from a few months ago.. also might have useful information for others..

https://www.reddit.com/r/Frugal/c...ebit_card/
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Last edited by theemaster November 17, 2015 at 07:36 PM
#8
Quote from theemaster View Post :
hmm says the PenFed Platinum Cash Rewards Visa® Card First year $0 then $25 fee??

And a bunch of the other cards.. show 1.5% on purchases? But there's no numbers on this one..
I don't pay an annual fee.

I have a Platinum Rewards Visa Signature
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#9
Quote from MoneyInMind View Post :
I don't pay an annual fee.

I have a Platinum Rewards Visa Signature
Doesn't really make any sense? Confused cause again the website says $0 and $25..

----

Okay this is why I'm confused.. see this card doesn't list anything next to it you said.. except yah I see this particular card says "no annual fee"

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Last edited by theemaster November 17, 2015 at 07:43 PM
#10
Quote from theemaster View Post :
Doesn't really make any sense? Confused cause again the website says $0 and $25..

----

Okay this is why I'm confused.. see this card doesn't list anything next to it you said.. except yah I see this particular card says "no annual fee"

Attachment 3784243
You didn't say what website you got that information from.

On www(dot)penfed(dot).org/homepage.aspx you'll see a big scrolling banner. One of the banners shows the card I have. Except I've been changed to a Signature card, but none of my benefits have disappeared and I don't pay an annual fee. I don't even think my credit line is as high as the image you included in your comment.

Where are you looking, anyway?
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Last edited by MoneyInMind November 17, 2015 at 07:54 PM
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#11
Quote from MoneyInMind View Post :
You didn't say what website you got that information from.

On www(dot)penfed(dot).org/homepage.aspx you'll see a big scrolling banner. One of the banners shows the card I have. Except I've been changed to a Signature card, but none of my benefits have disappeared and I don't pay an annual fee. I don't even think my credit line is as high as the image you included in your comment.

Where are you looking, anyway?
I'm looking at this website.. I assume there's only the one.
Quote from MoneyInMind View Post :
Pentagon Federal Credit Union
Yah, I see the banner is the card you said.. but it's weird when you go into the apply thing that it doesn't say any of what the banner says.

Do you know if you apply for one of these cards is a hard pull or soft pull? I don't know much about credit.. but I assume if I apply I'll probably fail..
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#12
Quote from theemaster View Post :
I'm looking at this website.. I assume there's only the one.

Yah, I see the banner is the card you said.. but it's weird when you go into the apply thing that it doesn't say any of what the banner says.

Do you know if you apply for one of these cards is a hard pull or soft pull? I don't know much about credit.. but I assume if I apply I'll probably fail..
As far as I know, an application for any credit card is a hard pull.

Quote from MoneyInMind View Post :
As far as I know, an application for any credit card is a hard pull.
If your credit isn't good enough to get a credit card directly from a bank, you could try establishing a credit history by getting a store's credit card, and using it wisely. A department store credit card is what I got for my very first credit card.
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Last edited by MoneyInMind November 18, 2015 at 09:07 PM
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#13
Cool.. my 1st month is about up? with paypal.. according to paypal.. I have spent $3k (but ahh no I've spent more.. I ran out of money in my paypal account couple times by "underfunding" it)

But based on 1% return.. I'm do $29.77 so far.. as for applying for a credit card I haven't "done so" yet.. (I'd still expect a failure/reject)
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