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.
I’ve finally canceled my Citi Thank You Premier credit card (you can follow the whole story here) and now I’m on the hunt for a new card that would be able to complement my 1st Financial Bank card. My 1st Financial Bank credit card already gives me a steady 2% cash back on all purchases plus no foreign transaction fees at $0 annual fee (this is a special offer made to me, you might not be able to qualify with the same.) I’m looking for a card that has comparable benefits, preferably with a sign up bonus as well. The next series of posts would be quick reviews of all the potential candidates.
Now you can justify your shopping sprees with the Bank of America World Wildlife Fund credit card! (controlled spending only, ok?) This card is a bit unique, for every purchase you make, BofA would donate 0.25% of your purchase to WWF. That’s a quarter for every $100 purchase, not exactly a mind-blowing amount, but it’s still something. And every year you renew keep the card, they’ll donate $5 to WWF. They also have similar cards that go to different charity foundations, for example, they have one for the Susan G. Komen foundation and I know my alma mater also offers this BofA credit card.
Other benefits include a category specific bonus similar to the AMEX Blue Cash card – 3% cash back on gas, 2% at grocery stores and 1% for everything else. If you have a BofA checking or savings account, you can get an extra 10% when depositing into your account. This means the card has a potential of giving you a 3.3% cash back! But all this is subject to only the first $1500 of purchase each quarter, any amount above that would only yield 1% cash back. Redemption also requires a minimum of $25.
Foreign transaction fees apply but there is no annual fee. It is a Visa Signature credit card too, so you can take advantage of offers exclusive to Visa Signature holders (such as the Fandango buy 1 get 1 movie ticket offers in the summer time.) If you apply for the card online, they are currently offering a $100 cash reward bonus if you make a purchase of $500 or more within the first 90 days of account opening.
Do you have one of these BofA cash rewards? How long does it take to actually get the statement credits or checks if you don’t have a BofA account?
Last month, I wrote about all the new changes in the Citi ThankYou Preferred and now I’m writing about the new Premier card. Sadly, the new card will undergo a complete facelift and all the benefits and perks of the card that I actually am willing to PAY an annual fee for are gone. And all this right after I just mention I used one of my perks on the card!
Citi ThankYou Premier Card
It’s not announced on the Citibank website yet, but I’ve received through paper mail a package regarding all the changes to the Citi ThankYou Premier card that I have. The new card benefits will take effect starting Oct 20, 2013 for all existing cardholders.
Just a quick recap, the existing card benefits with $125 annual fee are: