Here are two of what I call the “simple no brainer” credit cards. Get a good steady cashback without jumping and keeping track of crazy hoops. Best of all they’re free to keep in your wallet so there’s no excuse to not get a consistent cashback for all your purchases.
Capital One Quicksilver Card
The Capital One Quicksilver Card offers a 1.5% cashback on all your credit card purchases. No rotating categories, just a consistent cashback. You can redeem your cashback in various amounts as a statement credit or a check. No need to wait for a specific value before you can redeem. A no annual fee credit card that’s also a Visa Signature card, so you can get the Visa Signature benefits/offers too. AND on top of all that, you can turn this into a dedicated travel card because there’s no foreign transaction fees.
The Quicksilver card is slightly different than it’s sister card the Quicksilver One card. The Quicksilver card requires a better credit where as the Quicksilver One card has an annual fee of $39 for people who have average credit.
Currently the Quicksilver card has a signup bonus of $100 after spending $500 in the first 3 months of account opening.
Citi Double Cash Card
The Citi Double Cash card is a new credit card that Citibank is offering. It has a slightly different cash back system. The Citi Double Cash card offers a 1% cashback on all purchases made on the card and then another 1% cashback when you make a payment. This card is for those with an average credit or even need to carry a balance. You’ll still earn the additional 1% cashback as long as you make your payments (though that might not work out in your favor with high interest rates.) But for those who always pay in full, this could be your steady 2% cashback credit card.
No annual fee but you can only start redeeming after earning a $25 cashback.
No special sign on bonuses right now but 2% cashback is too rare to come by now.
Anybody currently carrying these cards now? Please share your experiences with redemption and sign up promos.