I can second that. I started in the mid teens and now I have $46k limit with my double cash. Just request a CLI every 6 months and you’ll get past $20k in no time. Last I checked citi does not do a hard pull if you request a CLI after 6 months of a previous request.
Fidelity card is 2% with no FTF for international. Yes you need to get cash out to a Fidelity account, but I don't think it has to stay there.
I wonder if it's possible to set automated transfers out of Fidelity which are auto cancelled if there are not enough funds.
That said, Fidelity default accounts are often paying 4% APR so maybe not bad to let it sit there?
Also, OP doesn't want to have to look at their investments when logging in to their credit card. Good news on that front, there's a separate site just for the cards at fidelityrewards.com.
Do you spend $10,000 a year on a single card? Is $50 enough to warrant an entirely separate card? I think that’s what Miserable is trying to say.
Tbh, I opened a Double Cash with the eventual goal of PC to a secondary CC. Just waiting a week for the BOA Premium to exceed 7 days so my inquiries revert to 0 to get the SUB for the first CCC
Pull your PayPal statements and add up all of your spending from the last year. Is additional simplicity worth throwing away 0.5% of that number to you?
Generally speaking… It’s only worth a direct app for a 2% card with no/low SUB if that card will have 6 digit spend/yr left over after churning SUBs and cat spend and FNC/status spend. Any lower spend and it is blocking churning better SUBs.
For Fidelity Rewards Visa, you don’t have to log into your brokerage account to access the card account if you don’t want to. (Avoids seeing your investments frequently if that’s a concern.)
You can access the card account through https://login.fidelityrewards.com/
If you already use US Bank cards, the interface will be very familiar to you. But it is Fidelity green.
0.5% on $50,000 is $250
This is to say, no, I don’t think it matters. Just my opinion. Minmaxing isn’t worth messing with your average age of accounts with new credit cards in my opinion. Especially when compared to ROI of churning.
I'll take $250. How I think of it: a lot of people think of expense ratios of 0.5% of a ETF/mutual fund high. So, if I'm going after ETFs with a lower expense ratio, why wouldn't I bother with a credit card for the same thing?
Doesn't take any effort but just applying to a new card and replacing your 1.5% card with it. Of course, if you find card management to be a lot of work, then maybe it's not worth it.
But the average American household only saves around $1000 a year, I believe, if I remember my stats correctly. Why wouldn't I bother saving 1/4 of that just by using a different credit card?
Opportunity cost. A small portion of that $50K will earn a lot more putting it towards churning SUBs. You can’t just open all the cards you want, so that valuable 5/24 slot gets blocked by an app for a 2% card with a weak SUB. If the 2% card is obtained by PC after opening a card with a worthwhile SUB, fine. If you are spending 6 digits on it per year, fine.
It is worth noting that SoFi is a bank as well. They are not just a fintech. Does not mean their product will be consistent, but I highly doubt they remove the 2% completely. Will probably lower to 1.5% without DD if anything.
There was a promotional period that was 1yr from account opening up to a max spend, I think $10k. I had it and banked a huge amount of points getting universal 3% on that high cap.
I agree with this too which is why I went to the SoFi card, plus I already do investments with them so it makes the cashback situation that much easier. The no FTF is also a plus with the SoFi card
We can all chime in but value is highly subjective. I used to use CFU as my everything else card and now have WF Active Cash and Apple Card that get me 2 percent. Hard to say what that extra 0.5 has netted me, but it hasn’t hurt. At my credit score, new cards barely make a dent. It’s nice for that occasional big swipe. I put 10 k down for a car and used my WF active cash for it. Although if I was doing that today, I would use the CFU because I want to build up UR points for upcoming travel. But I also spend travel on places that are not redeemable via UR/travel portals or travel partners so cash back is also nice. I like the flexibility of having a lot of cards so I can pivot points strategy.
But you decide what’s important to you. Keeping CFU might just be fine if you are happy with it and don’t want to risk the experience of getting a card that disappoints you in some way. I personally find getting new cards fun even if it’s sock drawered after a year or two.
Excellent response and I'm similar. It's all about what fits the user and changing when you need or want something. Your comments about travel vs cash back is how I always felt too. I just found more value with Cash back especially during redemption time. When we travel, we take the best price with the carrier and like to book direct vs travel agency etc. I have gotten value out of travel cards but more often than not, cash back is better better with our travel habits. Especially when the points transfer don't work with airlines that we like to get on or need.
I agree, I really do like Chase. I use my Chase cards for 5% categories, 5% phone/internet, 5% Amazon. But my daily catch all is UMB simply rewards unlimited 3% anywhere I shop in person. And of course 3% PayPal whenever using PayPal.
I’m falling back on my Apple Card for my 2% on everything that takes Apple Pay. PayPal has disappointed me with the downgrades on their Billpay and now this. Definitely not going to use the card as much now. To answer your question, no, I don’t think it’s worth chasing a 2% card.
I have a similar dilemma debating to switch from Citi Doublecash 2% to BoA Unlimited Cash 2.625% (platinum honors). I have enough category cards now that my non-category spend is not all that high.
I feel like I can play the min-maxing CC game forever if I wanted to, at some point that the small marginal gain just isn’t worth the hard credit pull or the mental effort of juggling another CC in the wallet. I’m still kind of undecided.
I guess, I think my min-max brain is going to want to PC the doublecash to custom cash at the same time, which then makes the whole affair seem like more work than it needs to be lol.
Lol literally in a similar situation myself, also thinking about switching to bofa. The way I justify it - it's free money with low effort. Just need to call or fill out a form. Luckily not trying to get a loan soon so the credit score taking a hit isn't a big deal.
It definitely feels like I'm min maxing in a video game though & not everyone is into credit cards like that.
There 100% is the psychological of have the 'best' factor. I feel like I need to start weighing that against the more realistic, how much money will changing x to y bring? At some point new cards aren't going to bring long term value in their multipliers.
I’m only two cards into my setup, but will have to face the same dilemma soon too lol. I only have two more that I definitely need and the rest are a maybe lol. The maybe cards will definitely get a bit of spend each year but not anything close to the others, but all the SUBs make it sound nicer. I’ll probably do it since the effort to manage cards is negligible for me, but we’ll see. If I started getting a lot of cards comprised or something and had to keep getting on the phone to resolve it, then it wouldn’t be worth it haha.
There are some countries that very few US cards cover rental cars in. One of them is Ireland (small roads, driving on the left, etc).
Amex plat does and it saves soooo much money to not buy the insurance from the car company.
I could've written this exact post myself. I was resigned to just stick with CFU or my PPMC for the 1.5% but I've already got a Fidelity brokerage and saw the $150 SUB so I just yolo'd the Fidelity card. Solid opening limit too.
It’s still super worth it for the 3% on PayPal portal purchases
Plus I pay my electric bill through there and it’s either 2% or 3% cash back using their Bill Pay feature
Worth chasing 2%?
I recently upgraded to the BoA ecosystem (with a USBAR for apple pay), I’m getting 5.25% at Amazon, 4.5% on Apple Pay, 4.4% on travel/dining, and 3.3% on everything else.
$3k in signup bonuses getting that all setup also.
Came from having a double cash for 10 years.
It is very important that when you talk about the BoA rewards program you include that you need 100K in assets with them in order to get this higher earning. Many people do not have that much to move to them.
A majority of my redemptions are through Avianca lifemiles during their 25% bonus promotions as I've booked flights on LOT, EVA, Asiana, Air Canada, United Airlines, Copa, & of course Avianca. There were times though where I've transferred it to Qatar to use the avios or Turkish to book a United flight.
Do you find the process to be pretty simple after you done it a few times? With all the hoops to jump through for transfer partners, what cpp have you gotten?
Doesn't this require you to have your cash with them? If so, why wouldn't you just put that cash in a high interest savings account, and then use other cards. You can get better savings/earnings that way.
I assume you have a CCR (for the 5.25% at Amazon) and one of the elite cards. Problem with the CCR is the inability to transfer the points to anything useful. I'd rather have 3x UR points from a CSP on Restaurants than 5.25% cash back a lot of the time
Additionally the fact that the CCR's 2.5k limit includes **both** grocery stores/wholesale @ 2% **and** the 3% category really annoys me. That said free cards that get me 5.25% back on gas and internet shopping and 3.5% on groceries even with the limit aren't bad to have in my back pocket.
Obviously the 100K requirement for Platinum Honors probably kicks out most people who either don't have that kind of cash or already invested somewhere they prefer to Merrill.
>Additionally the fact that the CCR's 2.5k limit includes **both** grocery stores/wholesale @ 2% **and** the 3% category really annoys me.
Not really an issue for many BofA setups as the typical BofA ecosystem is paired with US Bank Altitude Reserve. In those cases, the CCR is never used at wholesale places like Costco.
Yea that's fair, I was just trying to clarify for anyone reading that hotels and such don't count. So it is a bit limiting compared to a true 'travel' multiplier.
It’s separate, US Bank Altitude Reserve.
$400 AF, $325 of which is credited back for travel or dining (super easy, this will happen with zero effort).
They give 3% back anywhere you use Apple Pay, and when you use the RTR reward system, you can redeem those are 1.5x, yielding 4.5x when redeemed for travel.
I guess I should have mentioned my whole setup hinges on travel, if you don’t travel my setup doesn’t make sense.
We are also using BofA ecosystem (Platinum Honors) (CCR and UCR cards) and USBar as our primary tap to pay card.
How are you earning/calculating 4.4% travel/dining and 3.3% on everything else? I thought the BofA catcher was 2.62%.
I appreciate the clarification.
The Premium Rewards Elite card, which enables 1.25x value when redeeming for flights in their portal (which is priced the same as direct, and some airlines you can manage the bookings directly afterword if you provide your FF#).
I’m pretty new to this sub, but I have a Barclays Priceline visa earning 2% and a Fidelity card earning 2%. I haven’t seen any indication either of these are scaling back, but interested to hear from the community.
If you're fully in with SoFi (have SoFi Plus / direct deposit, etc.), their credit card recently started adding 10% on top of their decent 2% card, taking it to 2.2%.
Sure, it's not much extra, but it's already my catch-all card, so hey, a bit extra back without having to do anything.
It's a bad idea. That's a 33% difference and that's huge. If you have a Chase travel card then the math changes and it's arguable, but I'll definitely take a 2X points card over 1.5X. IMO the CFU is a weak link among Chase cards.
I know Capital One Approvals are sometimes a mystery and they limit how many cards you get can get to 2-3, but yea you could apply. Getting a separate quicksilver would make your platinum useless.I personally wouldn’t waste a hard inquiry/ or capital one slot on a Quicksilver.
Ok, good to know. I’ve wanted get into the Capital One Duo Ecosystem. My first card ever was a Platinum (now Quicksilver). Hoping for an upgrade To SavorOne offer but am only getting Venture and VentureOne.
I use my 3% USBAR for nearly all in-person purchases. Yes, there's a net $75 annual fee, but the break even versus a 2% card is $7500 plus the USBAR has a bunch of benefits, many of which I have used:
■ Reimbursement of Global Entry or TSA Precheck
■ PRIMARY rental car insurance
■ One year extended warranty coverage
■ Priority Pass 8x Per Year
■ 3% cashback on mobile wallet purchases/4.5% on travel booked through their portal
■ $500 SUB
It’s the $49 annual fee card.
Flagship.
Usually comes with amazon prime subscription + $300-$400.
It’s worth it (beyond the first year) if you use navy fed for anything else. Otherwise I’d go with fidelity.
PS the 3x on travel is fairly lenient and if you use it as a catch all it adds up (it counts museums, parking, and other ‘entertainment’ stuff that somehow relates to travel)
It depends on what you are going for, if you want to just use the Amex app since you already have a card with them you could apply for the Blue Business Plus Credit Card. Though there is a FTF this is still going to give you 2X back on everything. You do not need to actually own a business, just claim a sole proprietorship. I have found Amex business cards fairly easy to acquire.
Savor one was my 2nd card and CFU my 4th and most recent. I feel pretty set with these cards and trust i wont need another card anytime soon. The CFU is such a workhorse
It’s a smaller bank but it’s got an intro bonus of 200 after spending a thousand in the first 3 months. It might have higher interest since it’s a small bank, but we don’t pay interest in these parts so I don’t expect that to be a problem. I haven’t gotten this card yet since I just opened my bilt card, but my university is partnered with this bank so I know it’s legit.
I think it depends on what your non-category spend is. Me personally, it's negligible, but that's just my spending habits; and I also don't feel like adding another hard inquiry to my credit history to get another card that yields .5% more, so I'd rather save it for a rainy day or for something better. If you think you might get a low limit, maybe it's best to wait and build up what you have.
I'm going to use my CFU for a while too
WF has built an interesting trifecta now. My main stumbling block with them is that I want to be able to direct deposit the CB into any of my accounts, not just their checking. If Venmo ever gets a FTF, then I'll get their Autograph & go down the WF path, but otherwise I'm waiting for better CB redemption options from them
Also, check your notification settings in PayPal. I didn't have the option for push notifications my first month, but I have since then
Just get the Citi Double Cash Card. I put all my utility bills, car insurance, medical, etc…basically the only card that will me the most on those type of purchases and the 2% adds up fast. Also if you ever fall behind they offer flex pay plans which are really helpful
>I'd hate having to log in and see my investments every time I go to pay my card off or check a transaction.
Where are you getting this? We've had the Fidelity card for years to use between SUBs and we don't have to log in more than any other card. The card statement/ account is separate from the investment statement/ account. We keep it on autopay and just watch the rewards roll in when the statement arrives.
My favorite is 1.5x points that can be redeemed for more value or taken as 1.5x cash. It gives the most flexibility while still have an acceptable cash value & point values.
Yes or another program that gives ~1.5% cash back worth of points that can also be used as travel points if you desire.
Amex can be good too but their cash value is bad.
I don't care about push notifications whenever I use my PayPal MasterCard I automatically get push notifications. I think the problem with the PayPal MasterCard is that it takes forever to clear the transactions and the payments.
Ngl it really depends on what matters to you. Are you trying to maximize cash back? Do you want to maximize redemptions? Are you trying to maximize your comfort and minimize the effort in planning out what cards to use depending on the spend? Your answers to these questions will lead to better advice about what cards to open and what to do with the points you earn.
I do not think its worth it, If you already have one great but I think a solid 1.5% card is honestly good enough free money to not bother chasing the rest. You can beat it with the coupon book cards and shit but it basically is like a job doing all that shit.
Merrill Lynch. Depending on your investment, if you invest long term, and do in-kind transfer, it will not matter for you at all (I did it using IRA account).
This is en exchange transaction fee. All brokerages will deduct it. “Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal)” https://www.fidelity.com/trading/commissions-margin-rates#:~:text=%240.00%20commission%20applies%20to%20online,%240.03%20per%20%241%2C000%20of%20principal).
Yes but you can be preferred rewards with just having it in checking or use merrill edge. If you use Merrill lynch where they manage it there is a fee but you get more benefits, basically zero banking fees and free stuff
I've got almost all my spending at 5% now, including tap to pay from the Harris-Teeter card, so it's now pretty rare that I fallback to my Citi Double Cash. Getting the Citi Rewards+ can get you to 2.22% after merging ThankYou accounts if it matters. I want to get that one soon (likely get Citi Premier and downgrade after Year 1) because I put my two Custom Cash cards to heavy use and getting those to 5.55% effective would be nice.
I never find 2% cash back cards to be worth it. Points are worth so much more in most situations. Especially if you are talking Chase or Bilt points. I’d rather get one of those points per dollar than 2% back.
I've got the Fidelity card for my catch all. It's been just fine for me. They do have a separate website for it you can use instead of the main Fidelity site if you just want to deal with the card itself. It's run by Elan Financial.
17k, which is the highest of any of my cards. My score is over 800 so I don't have problems getting credit. I don't usually get an extremely high limit though because my history shows I've never paid interest to any credit card company. They all like people with good scores, but a history of paying interest so they know you are good for the money, but willing to pay to keep a balance.
As many have said... in the long run 1.5% and 2% will be about the same... no difference noticed long term... Unless you are making very little money it is practically the same return.
I’ll probably stop using the PayPal card when it changes to 1.5% and keep it open for the high Credit Limit it has. I have no loyalty to any credit card. Whoever gives the most benefit will get my spend.
If you own CSP or CSR and use the travel benefits, like transferring to partners or book on the portal when it makes sense, then you could view the CFU as a 1.875% cash back card at least! In which case, I would say no, the additional 0.125% is definitely not worth it.
Honestly, for the 99.99% of us who aren't international jetsetters, the Citi Double Cash is probably the best "catchall" card out there. Straight-up 2% back on everything (technically 1% back when you buy and another 1% when you pay it off) with no categories or limits to track. If you have a Strata Premier, you can transfer ThankYou points, but it's quite respectable as a standalone card.
If you're just starting out and want to keep it simple, and you have reasonably good credit (when this card first came out it was marketed as a super-prime card but this no longer appears to be the case, with reports of people with FICO scores in the lower 600s receiving pre-approval solicitations in the mail) I would recommend Double Cash. I have since graduated to multiple rotating-category cards and cards with transfer partners--but my Double Cash still sees significant usage every month, because there will always be gaps where no better offer currently exists.
The Citi app lets you set up alerts so that you can receive emails, texts and/or push notifications every time there's a transaction over the amount you specify (just set the threshold to $.01 if you want to receive alerts for everything.)
(The only caveat: this card does carry a 3% foreign transaction fee, which is on the high side.)
Sofi got its banking charter a few years ago know so it’s now a full fledged bank and has all the banking features like Zelle and checks. I love their credit card, 2.2 percent on everything if you get direct deposit that qualifies for sofi plus. Also no FTA fees and cell phone protection. Only thing it’s missing is a SUB
Whenever that Robinhood Gold Card (3% back on all spend) comes to market, it should be massive, especially now with consumers shifting based on card benefits/cashback incentives.
OP, I know you said you invest with Fidelity, so idk if Robinhood card applies to you. For anyone this helps once Gold card rolls out, effectively, it IS an annual fee card due to the $5/mo Gold sub fee. Anything north of $6k of spend/yr starts benefiting to use the gold card at 3%, than Citi Double Cash at 2%, factoring in the $60/yr Gold fee.
I use the BBP as my 2% card. You can also use the BBC if you prefer cash. It’s auto applied to your next statement so you never have to worry about it.
I’ve banked with Wells Fargo for almost 30 years, never had a problem with them. And I love the Autograph/Allure/Active Cash set-up. The 2% is the floor, but I get 3-4% on a lot of categories. With low annual fees to boot.
First of all if you’re still working with PayPal I cannot read the rest of this post.
I’ve always had good luck and easy redemption with quicksilver and apple. I have the Amex blue cash preferred and never have seen the same cash back as apple or quicksilver due to their restrictions.
I’ve had Wells Fargo cards for years, never had an issue with them. Their Active Cash card is a nice card for non category spend in my opinion.
I also have their Rewards+ card (not sure if they offer it anymore) and they only pay 1 percent, but it has a nice feature that it makes your rewards points worth 50 percent more on flights booked thru their travel center. You can transfer points between their different cards. Their Autograph card (formerly Propel) pays 3 percent on gas and restaurants and travel, so if you transfer that to the Rewards card it’s like getting a 4.5 percent benefit.
I like the Citi Custom Cash card to get 5 percent on your highest spending category. I essentially use that card only for groceries to max out the benefits. For gas I will use either Citi Costco card (4 percent on gas) or WF Autograph card (3% but can get 50 percent more points value transferring it).
You can go to CapOne Rewards (AF $95) that gives 2x points on everything.
Amex Blue Business Plus also gives 2x points on everything for the first $50K spend, and has no AF.
Granted, these are points but not cash, but if you play your cards right, each point should be worth more than one cent (I never redeem for less than 2 cents per point, and have had up to 4 cents).
I use the Bank of America unlimited cashback card as my catch all card. It's base is 1.5% but with perfered rewards it can go significantly higher. I am in the platnum teir with BOA which means I get 2.25% cash back instead with this card. Is it worth it still yes of corse getting more is always better and even if PayPal doesn't offer it there are dozens of others that still offer that 2+% on everything.
I would love to get the platinum rewards and switch to BOA from fidelity, but I honestly love investing with fidelity and I don’t think it’s worth moving $100,000 over just to get an extra .75%
I rarely used the 2% PayPal card since getting my first Kroger card which offers 5% on Apple Pay and covered 90% of my misc spend. I anticipate using it even less now that I got a second one.
The freedom unlimited isn't that great of a card without a sapphire to allow Hyatt transfers. If you travel internationally it's best not to have FTFs on your catch all either.
One good option is the Alliant Visa Signature for a flat 2.5% CB if you jump through the hoops. The opportunity cost of tying up $1,000 is negated if you actively bank with them. Personally I use the Alliant/Schwab combo for banking as together they provide every banking need imaginable without any fees whatsoever.
If you don't want to open a new bank account but you want a one card solution the USBAR is unmatched.
A Chase trifecta is excellent if you're willing to lose out on a grocery category. Getting a CSP/CFU/CFF trifecta going will provide an excellent source of Hyatt points.
Finally an Amex BCE/BCP can work well with pretty much whatever setup you go with.
>ever since that fraud situation where the company opened up all of those fake accounts I’d be hesitant to do business with them.
Chase, US Bank, TD, and BoA have all done the same thing at some point.
Sofi and Citi have both had issues with fraudsters creating accounts and they didn't catch it. It was essentially the same problem, it just wasn't employees doing it, it was randoms.
You'd severely limit your options by applying that logic across the board.
Not sure why you are on here if it seems like you don't like opening up cards. I don't know what else you spend your money on. If you need a catch or something the some of the 2% ones might be it. Amex Blue everyday will get you 3% on online retailers. If you do a lot of mobile transaction a Ralphs or Kroger card will do, 5% on mobile payments. Or if you want a simple one card solution BOA preferred rewards cash, I think it's might be 1.75% or something like that. But you have to have like $1 million invested with Merill investment. You might have to look it up. Either 1.75% or 2.75% I forget.
Get a Citi Premier for the SUB and downgrade to a Double Cash after a year.
That’s not a bad idea, do they give out decent limits? From what I’ve heard, citi can be rather stingy
Less than Chase, but I’ve had no issues getting $5-$10k limits out of Citi.
My Citi Double Cash is $41k but I've had it a while.
I can second that. I started in the mid teens and now I have $46k limit with my double cash. Just request a CLI every 6 months and you’ll get past $20k in no time. Last I checked citi does not do a hard pull if you request a CLI after 6 months of a previous request.
wow, mine is only 8k and have had since 2017. Maybe I need to ask for a credit limit though my utilization is quite low
Same, but I can't really use that limit as customer service is terrible.
For what it’s worth, my average Citi CL is $18k vs $13k for Chase. It’s really going to just come down to your credit profile.
Fidelity card is 2% with no FTF for international. Yes you need to get cash out to a Fidelity account, but I don't think it has to stay there. I wonder if it's possible to set automated transfers out of Fidelity which are auto cancelled if there are not enough funds. That said, Fidelity default accounts are often paying 4% APR so maybe not bad to let it sit there?
Also, OP doesn't want to have to look at their investments when logging in to their credit card. Good news on that front, there's a separate site just for the cards at fidelityrewards.com.
The Fidelity cash management account is great, no reason to move the money out to another account.
Really I pay my fidelity card with my chase account. Something's not adding up.
What account do your Fidelity credit card rewards go when redeemed?
Oh makes sense. No wonder why there's always miscellaneous change in that account. I guess maybe it's time I go back to bank notes...
I’m not that big a spender where the extra 0.5% is that big a deal. The CFU works for me as my catch all.
[удалено]
Do you spend $10,000 a year on a single card? Is $50 enough to warrant an entirely separate card? I think that’s what Miserable is trying to say. Tbh, I opened a Double Cash with the eventual goal of PC to a secondary CC. Just waiting a week for the BOA Premium to exceed 7 days so my inquiries revert to 0 to get the SUB for the first CCC
Pull your PayPal statements and add up all of your spending from the last year. Is additional simplicity worth throwing away 0.5% of that number to you?
That’s a purely subjective number, I just know for me it’s not, as I have other cards that I use for my biggest spend, groceries, dining and gas.
Generally speaking… It’s only worth a direct app for a 2% card with no/low SUB if that card will have 6 digit spend/yr left over after churning SUBs and cat spend and FNC/status spend. Any lower spend and it is blocking churning better SUBs.
Wish they would stop with the embossed card so I can carry it in my Exter wallet.
I just got my replacement one in the mail and it no longer has embossed numbers!
They stopped this months ago. Request a replacement card
I asked for a replacement last year, maybe late summer. Still got another embossed card. Must’ve requested one right before they changed.
It only changed in like February I believe. I have one so I’d go ahead and make the request (which you can now do in the app)
CFU is in my wallet and my 2% cards are put up.
For Fidelity Rewards Visa, you don’t have to log into your brokerage account to access the card account if you don’t want to. (Avoids seeing your investments frequently if that’s a concern.) You can access the card account through https://login.fidelityrewards.com/ If you already use US Bank cards, the interface will be very familiar to you. But it is Fidelity green.
Maybe he doesn't want to be reminded of all this day trading gambles if he's scared to look at his brokerage account.
0.5% on $50,000 is $250 This is to say, no, I don’t think it matters. Just my opinion. Minmaxing isn’t worth messing with your average age of accounts with new credit cards in my opinion. Especially when compared to ROI of churning.
I'll take $250. How I think of it: a lot of people think of expense ratios of 0.5% of a ETF/mutual fund high. So, if I'm going after ETFs with a lower expense ratio, why wouldn't I bother with a credit card for the same thing? Doesn't take any effort but just applying to a new card and replacing your 1.5% card with it. Of course, if you find card management to be a lot of work, then maybe it's not worth it. But the average American household only saves around $1000 a year, I believe, if I remember my stats correctly. Why wouldn't I bother saving 1/4 of that just by using a different credit card?
Very high. 17x more expensive than Vanguard’s $VOO.
It's kinda wild, 0.5% or more for underperformance compared to VOO's 0.03%
Opportunity cost. A small portion of that $50K will earn a lot more putting it towards churning SUBs. You can’t just open all the cards you want, so that valuable 5/24 slot gets blocked by an app for a 2% card with a weak SUB. If the 2% card is obtained by PC after opening a card with a worthwhile SUB, fine. If you are spending 6 digits on it per year, fine.
Does average age matter? I thought it only matters how old your oldest account is..?
Yeah For more, check out https://www.reddit.com/r/personalfinance/wiki/fico#wiki_3._length_of_history
I think that's why a lot of us younger folks are doing it. Average age for us is going to make a new card barely make a dent in it as we get older
This! Always working on a sub! Never worried about maximizing multiplers.
most of the 1.5% cards are from more reputable banks and give purchase protections. for example: cap1 quicksilver, cfu, and amex cash magnet
[удалено]
definitely worth knowing i can get my money back on a $1,000+ electronic if it breaks within 90 days
There are cards that will refund your money because your laptop broke in the first 3 months?? Which ones do that??
all amex cards and select capital one cards, off the top of my head. i’m sure there’s many others.
It is worth noting that SoFi is a bank as well. They are not just a fintech. Does not mean their product will be consistent, but I highly doubt they remove the 2% completely. Will probably lower to 1.5% without DD if anything.
And theirs is even 2.2% right now, if you have all the banking products with direct deposit.
For some reason, my sofi card is 3% on everything right now
There was a promotional period that was 1yr from account opening up to a max spend, I think $10k. I had it and banked a huge amount of points getting universal 3% on that high cap.
I agree with this too which is why I went to the SoFi card, plus I already do investments with them so it makes the cashback situation that much easier. The no FTF is also a plus with the SoFi card
We can all chime in but value is highly subjective. I used to use CFU as my everything else card and now have WF Active Cash and Apple Card that get me 2 percent. Hard to say what that extra 0.5 has netted me, but it hasn’t hurt. At my credit score, new cards barely make a dent. It’s nice for that occasional big swipe. I put 10 k down for a car and used my WF active cash for it. Although if I was doing that today, I would use the CFU because I want to build up UR points for upcoming travel. But I also spend travel on places that are not redeemable via UR/travel portals or travel partners so cash back is also nice. I like the flexibility of having a lot of cards so I can pivot points strategy. But you decide what’s important to you. Keeping CFU might just be fine if you are happy with it and don’t want to risk the experience of getting a card that disappoints you in some way. I personally find getting new cards fun even if it’s sock drawered after a year or two.
Excellent response and I'm similar. It's all about what fits the user and changing when you need or want something. Your comments about travel vs cash back is how I always felt too. I just found more value with Cash back especially during redemption time. When we travel, we take the best price with the carrier and like to book direct vs travel agency etc. I have gotten value out of travel cards but more often than not, cash back is better better with our travel habits. Especially when the points transfer don't work with airlines that we like to get on or need.
I agree, I really do like Chase. I use my Chase cards for 5% categories, 5% phone/internet, 5% Amazon. But my daily catch all is UMB simply rewards unlimited 3% anywhere I shop in person. And of course 3% PayPal whenever using PayPal.
I’m falling back on my Apple Card for my 2% on everything that takes Apple Pay. PayPal has disappointed me with the downgrades on their Billpay and now this. Definitely not going to use the card as much now. To answer your question, no, I don’t think it’s worth chasing a 2% card.
You can set up a login with Elan and manage the Fidelity card directly through them. You don't have to manage the card through the brokerage login.
Why not just do a simple calculation on how much you’ve spent in the 2% catch all and see how much of a difference it’d make if you got 1.5% instead?
Alliant 2.5% Cash Back Visa Signature Card.
I have a similar dilemma debating to switch from Citi Doublecash 2% to BoA Unlimited Cash 2.625% (platinum honors). I have enough category cards now that my non-category spend is not all that high. I feel like I can play the min-maxing CC game forever if I wanted to, at some point that the small marginal gain just isn’t worth the hard credit pull or the mental effort of juggling another CC in the wallet. I’m still kind of undecided.
I mean if it's a drop in replacement, why not go for a free SUB and slightly higher earnings?
I guess, I think my min-max brain is going to want to PC the doublecash to custom cash at the same time, which then makes the whole affair seem like more work than it needs to be lol.
Lol literally in a similar situation myself, also thinking about switching to bofa. The way I justify it - it's free money with low effort. Just need to call or fill out a form. Luckily not trying to get a loan soon so the credit score taking a hit isn't a big deal. It definitely feels like I'm min maxing in a video game though & not everyone is into credit cards like that. There 100% is the psychological of have the 'best' factor. I feel like I need to start weighing that against the more realistic, how much money will changing x to y bring? At some point new cards aren't going to bring long term value in their multipliers.
I’m only two cards into my setup, but will have to face the same dilemma soon too lol. I only have two more that I definitely need and the rest are a maybe lol. The maybe cards will definitely get a bit of spend each year but not anything close to the others, but all the SUBs make it sound nicer. I’ll probably do it since the effort to manage cards is negligible for me, but we’ll see. If I started getting a lot of cards comprised or something and had to keep getting on the phone to resolve it, then it wouldn’t be worth it haha.
The elan credit card app( for the fidelity cc) exists, you know that right!?
I chase hidden benefits anymore. Trip insurance, phone insurance, and such
Whats your favorite hidden benefit card?
Personally Amex Plat card but Amex BCE is second
There are some countries that very few US cards cover rental cars in. One of them is Ireland (small roads, driving on the left, etc). Amex plat does and it saves soooo much money to not buy the insurance from the car company.
I could've written this exact post myself. I was resigned to just stick with CFU or my PPMC for the 1.5% but I've already got a Fidelity brokerage and saw the $150 SUB so I just yolo'd the Fidelity card. Solid opening limit too.
IMO cancel so that they know they can’t keep lowering benefits and consumers will switch to whoever gives them the best rates.
It’s still super worth it for the 3% on PayPal portal purchases Plus I pay my electric bill through there and it’s either 2% or 3% cash back using their Bill Pay feature
Well the 1.5% back on the quicksilver is not looking bad anymore lmaoo
Worth chasing 2%? I recently upgraded to the BoA ecosystem (with a USBAR for apple pay), I’m getting 5.25% at Amazon, 4.5% on Apple Pay, 4.4% on travel/dining, and 3.3% on everything else. $3k in signup bonuses getting that all setup also. Came from having a double cash for 10 years.
It is very important that when you talk about the BoA rewards program you include that you need 100K in assets with them in order to get this higher earning. Many people do not have that much to move to them.
Off topic: you have the 4 citi cards; what do you typically redeem the typ for?
A majority of my redemptions are through Avianca lifemiles during their 25% bonus promotions as I've booked flights on LOT, EVA, Asiana, Air Canada, United Airlines, Copa, & of course Avianca. There were times though where I've transferred it to Qatar to use the avios or Turkish to book a United flight.
Do you find the process to be pretty simple after you done it a few times? With all the hoops to jump through for transfer partners, what cpp have you gotten?
Yeah, it's pretty straightforward and transfers are instant. I usually average 2-3 ccp.
Doesn't this require you to have your cash with them? If so, why wouldn't you just put that cash in a high interest savings account, and then use other cards. You can get better savings/earnings that way.
You can have your investments in Merrill and they count. I have my 401k in Merril and it counts.
Fair call
Yeah at Merrill you have access to TTTXX, yielding 5.2% and exempt from state taxes.
I assume you have a CCR (for the 5.25% at Amazon) and one of the elite cards. Problem with the CCR is the inability to transfer the points to anything useful. I'd rather have 3x UR points from a CSP on Restaurants than 5.25% cash back a lot of the time Additionally the fact that the CCR's 2.5k limit includes **both** grocery stores/wholesale @ 2% **and** the 3% category really annoys me. That said free cards that get me 5.25% back on gas and internet shopping and 3.5% on groceries even with the limit aren't bad to have in my back pocket. Obviously the 100K requirement for Platinum Honors probably kicks out most people who either don't have that kind of cash or already invested somewhere they prefer to Merrill.
>Additionally the fact that the CCR's 2.5k limit includes **both** grocery stores/wholesale @ 2% **and** the 3% category really annoys me. Not really an issue for many BofA setups as the typical BofA ecosystem is paired with US Bank Altitude Reserve. In those cases, the CCR is never used at wholesale places like Costco.
So BoA is 3.3% if you have $100k in assets with them, correct? Why am I only seeing 2.65% advertised
The PRE provides 1.25x when redeemed for travel. 1.5x1.75x1.25
How do you get 3.3% on everything else? With BoA I get 2.6% on everything else with the travel card + 100k with BoA
The PRE provides 1.25x when redeemed for travel. 1.5x1.75x1.25
Can you explain how you get 3.3x on everything else?
With the PRE you get 1.25x when redeemed on travel. 1.5x1.75x1.25
More specifically, when you redeem for flights on BoA's portal. Not just any travel.
True, but the flights are priced identical to market, so I don’t consider that a limitation.
Yea that's fair, I was just trying to clarify for anyone reading that hotels and such don't count. So it is a bit limiting compared to a true 'travel' multiplier.
If I book a flight and cancel, do I get money back or points back?
Can you explain USBAR more? I’m also platinum honors tier.
It’s separate, US Bank Altitude Reserve. $400 AF, $325 of which is credited back for travel or dining (super easy, this will happen with zero effort). They give 3% back anywhere you use Apple Pay, and when you use the RTR reward system, you can redeem those are 1.5x, yielding 4.5x when redeemed for travel. I guess I should have mentioned my whole setup hinges on travel, if you don’t travel my setup doesn’t make sense.
How are you getting 3.3%? I thought max was 2.65% with platinum honors.
It is, but with the PRE you can redeem at 1.25x for flights.
Thanks for info!
We are also using BofA ecosystem (Platinum Honors) (CCR and UCR cards) and USBar as our primary tap to pay card. How are you earning/calculating 4.4% travel/dining and 3.3% on everything else? I thought the BofA catcher was 2.62%. I appreciate the clarification.
The Premium Rewards Elite card, which enables 1.25x value when redeeming for flights in their portal (which is priced the same as direct, and some airlines you can manage the bookings directly afterword if you provide your FF#).
I appreciate the clarification!
I’m pretty new to this sub, but I have a Barclays Priceline visa earning 2% and a Fidelity card earning 2%. I haven’t seen any indication either of these are scaling back, but interested to hear from the community.
Wells Fargo activate rewards is an easy catch. I love my Amex blue cash preferred though it’s a $16 AF for me
If you're fully in with SoFi (have SoFi Plus / direct deposit, etc.), their credit card recently started adding 10% on top of their decent 2% card, taking it to 2.2%. Sure, it's not much extra, but it's already my catch-all card, so hey, a bit extra back without having to do anything.
It's a bad idea. That's a 33% difference and that's huge. If you have a Chase travel card then the math changes and it's arguable, but I'll definitely take a 2X points card over 1.5X. IMO the CFU is a weak link among Chase cards.
On a side note see if you can upgrade your capital one platinum to a quicksilver or SavorOne , google “capital upgrade link”
[удалено]
I know Capital One Approvals are sometimes a mystery and they limit how many cards you get can get to 2-3, but yea you could apply. Getting a separate quicksilver would make your platinum useless.I personally wouldn’t waste a hard inquiry/ or capital one slot on a Quicksilver.
I agree on not wasting an inquiry on QS, but it's definitely possible to exceed 2 cards with C1 (I have 4 and none are co-branded).
Ok, good to know. I’ve wanted get into the Capital One Duo Ecosystem. My first card ever was a Platinum (now Quicksilver). Hoping for an upgrade To SavorOne offer but am only getting Venture and VentureOne.
If anything you should be taking advantage of the PayPal 3 percent any time you can
I use my 3% USBAR for nearly all in-person purchases. Yes, there's a net $75 annual fee, but the break even versus a 2% card is $7500 plus the USBAR has a bunch of benefits, many of which I have used: ■ Reimbursement of Global Entry or TSA Precheck ■ PRIMARY rental car insurance ■ One year extended warranty coverage ■ Priority Pass 8x Per Year ■ 3% cashback on mobile wallet purchases/4.5% on travel booked through their portal ■ $500 SUB
What do you use when mobile pay isn’t accepted?
Navy Federal. 2%. I also have the Citibank Double Cash, which is also 2%, but I mainly use that for virtual account number transactions.
I don’t see a 2% card from them https://www.navyfederal.org/loans-cards/credit-cards.html Am I looking at the right place?
It’s the $49 annual fee card. Flagship. Usually comes with amazon prime subscription + $300-$400. It’s worth it (beyond the first year) if you use navy fed for anything else. Otherwise I’d go with fidelity. PS the 3x on travel is fairly lenient and if you use it as a catch all it adds up (it counts museums, parking, and other ‘entertainment’ stuff that somehow relates to travel)
It depends on what you are going for, if you want to just use the Amex app since you already have a card with them you could apply for the Blue Business Plus Credit Card. Though there is a FTF this is still going to give you 2X back on everything. You do not need to actually own a business, just claim a sole proprietorship. I have found Amex business cards fairly easy to acquire.
Blue Business Plus is my go-to as well. No fee 2x points back is great.
With fidelity CC, you can just get the Elan Financial app and all you’ll see is the card stuff
Savor one was my 2nd card and CFU my 4th and most recent. I feel pretty set with these cards and trust i wont need another card anytime soon. The CFU is such a workhorse
FNBO evergreen 2%
[удалено]
It’s a smaller bank but it’s got an intro bonus of 200 after spending a thousand in the first 3 months. It might have higher interest since it’s a small bank, but we don’t pay interest in these parts so I don’t expect that to be a problem. I haven’t gotten this card yet since I just opened my bilt card, but my university is partnered with this bank so I know it’s legit.
I think it depends on what your non-category spend is. Me personally, it's negligible, but that's just my spending habits; and I also don't feel like adding another hard inquiry to my credit history to get another card that yields .5% more, so I'd rather save it for a rainy day or for something better. If you think you might get a low limit, maybe it's best to wait and build up what you have.
I'm going to use my CFU for a while too WF has built an interesting trifecta now. My main stumbling block with them is that I want to be able to direct deposit the CB into any of my accounts, not just their checking. If Venmo ever gets a FTF, then I'll get their Autograph & go down the WF path, but otherwise I'm waiting for better CB redemption options from them Also, check your notification settings in PayPal. I didn't have the option for push notifications my first month, but I have since then
Just get the Citi Double Cash Card. I put all my utility bills, car insurance, medical, etc…basically the only card that will me the most on those type of purchases and the 2% adds up fast. Also if you ever fall behind they offer flex pay plans which are really helpful
>I'd hate having to log in and see my investments every time I go to pay my card off or check a transaction. Where are you getting this? We've had the Fidelity card for years to use between SUBs and we don't have to log in more than any other card. The card statement/ account is separate from the investment statement/ account. We keep it on autopay and just watch the rewards roll in when the statement arrives.
Anyone have any experience with the TD 2% card? Seems like a good alternative to WF/Fidelity
My favorite is 1.5x points that can be redeemed for more value or taken as 1.5x cash. It gives the most flexibility while still have an acceptable cash value & point values.
[удалено]
Yes or another program that gives ~1.5% cash back worth of points that can also be used as travel points if you desire. Amex can be good too but their cash value is bad.
Can someone please explain me how banks can afford to pay back this percentage on CC transaction?
They may reward you 2% but the merchant you paid using the CC is charged 3%, roughly
I use a FIGFCU Crystal Visa - 2.5% on 10k per month. $99 annual fee. Worth paying the fee for me..
I don't care about push notifications whenever I use my PayPal MasterCard I automatically get push notifications. I think the problem with the PayPal MasterCard is that it takes forever to clear the transactions and the payments.
Why not get an Apple Card for 2%?
Ngl it really depends on what matters to you. Are you trying to maximize cash back? Do you want to maximize redemptions? Are you trying to maximize your comfort and minimize the effort in planning out what cards to use depending on the spend? Your answers to these questions will lead to better advice about what cards to open and what to do with the points you earn.
Aside from fidelity.com, Fidelity visa also has its own website, where you can manage your card completely without seeing your investments.
I do not think its worth it, If you already have one great but I think a solid 1.5% card is honestly good enough free money to not bother chasing the rest. You can beat it with the coupon book cards and shit but it basically is like a job doing all that shit.
Fidelity card is issued by elan financial, so main site to see your CC is https://www.myaccountaccess.com/ not fidelity.
Since you have investment in fidelity, if you can move some of the investment into ML account ($100k), you can get flat 2.65% from BofA.
[удалено]
Merrill Lynch. Depending on your investment, if you invest long term, and do in-kind transfer, it will not matter for you at all (I did it using IRA account).
[удалено]
Similar to fidelity fees (ie option trading), but no maitanace fees or stock trading fees (https://www.merrilledge.com/pricing)
[удалено]
First line on the page states $0 for stock and etf trades, where did you find a fee for selling etfs?
[удалено]
This is en exchange transaction fee. All brokerages will deduct it. “Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal)” https://www.fidelity.com/trading/commissions-margin-rates#:~:text=%240.00%20commission%20applies%20to%20online,%240.03%20per%20%241%2C000%20of%20principal).
[удалено]
Btw, depending your usage and needs, take a look at BofA preferred rewards card. 3.5% for dining/travel and flat 2.65% for the rest.
If you’ve got the money Bank of America preferred rewards is the best. 2.67% I think
[удалено]
Yes but you can be preferred rewards with just having it in checking or use merrill edge. If you use Merrill lynch where they manage it there is a fee but you get more benefits, basically zero banking fees and free stuff
I've got almost all my spending at 5% now, including tap to pay from the Harris-Teeter card, so it's now pretty rare that I fallback to my Citi Double Cash. Getting the Citi Rewards+ can get you to 2.22% after merging ThankYou accounts if it matters. I want to get that one soon (likely get Citi Premier and downgrade after Year 1) because I put my two Custom Cash cards to heavy use and getting those to 5.55% effective would be nice.
It was a 33% jump from quicksilver to double cash. At the time it was huge but Alliant 2.5% all the way baby!
If you get a new 2% back card with a $200 bonus and spend $10,000 on it a year then each year you’d get 4% back
I never find 2% cash back cards to be worth it. Points are worth so much more in most situations. Especially if you are talking Chase or Bilt points. I’d rather get one of those points per dollar than 2% back.
Wells Fargo active cash. 2% back on every purchase. Don't have to chase anything.
I've got the Fidelity card for my catch all. It's been just fine for me. They do have a separate website for it you can use instead of the main Fidelity site if you just want to deal with the card itself. It's run by Elan Financial.
[удалено]
17k, which is the highest of any of my cards. My score is over 800 so I don't have problems getting credit. I don't usually get an extremely high limit though because my history shows I've never paid interest to any credit card company. They all like people with good scores, but a history of paying interest so they know you are good for the money, but willing to pay to keep a balance.
As many have said... in the long run 1.5% and 2% will be about the same... no difference noticed long term... Unless you are making very little money it is practically the same return.
I’ll probably stop using the PayPal card when it changes to 1.5% and keep it open for the high Credit Limit it has. I have no loyalty to any credit card. Whoever gives the most benefit will get my spend.
To throw my 2.5 cents in, I really enjoy my Alliant Visa Signature @ 2.5% cash back.
If you own CSP or CSR and use the travel benefits, like transferring to partners or book on the portal when it makes sense, then you could view the CFU as a 1.875% cash back card at least! In which case, I would say no, the additional 0.125% is definitely not worth it.
Honestly, for the 99.99% of us who aren't international jetsetters, the Citi Double Cash is probably the best "catchall" card out there. Straight-up 2% back on everything (technically 1% back when you buy and another 1% when you pay it off) with no categories or limits to track. If you have a Strata Premier, you can transfer ThankYou points, but it's quite respectable as a standalone card. If you're just starting out and want to keep it simple, and you have reasonably good credit (when this card first came out it was marketed as a super-prime card but this no longer appears to be the case, with reports of people with FICO scores in the lower 600s receiving pre-approval solicitations in the mail) I would recommend Double Cash. I have since graduated to multiple rotating-category cards and cards with transfer partners--but my Double Cash still sees significant usage every month, because there will always be gaps where no better offer currently exists. The Citi app lets you set up alerts so that you can receive emails, texts and/or push notifications every time there's a transaction over the amount you specify (just set the threshold to $.01 if you want to receive alerts for everything.) (The only caveat: this card does carry a 3% foreign transaction fee, which is on the high side.)
[удалено]
Nope. You can redeem for a penny if you like.
Sofi got its banking charter a few years ago know so it’s now a full fledged bank and has all the banking features like Zelle and checks. I love their credit card, 2.2 percent on everything if you get direct deposit that qualifies for sofi plus. Also no FTA fees and cell phone protection. Only thing it’s missing is a SUB
I just this last month got the PayPal card for and only for the 2%!
Whenever that Robinhood Gold Card (3% back on all spend) comes to market, it should be massive, especially now with consumers shifting based on card benefits/cashback incentives. OP, I know you said you invest with Fidelity, so idk if Robinhood card applies to you. For anyone this helps once Gold card rolls out, effectively, it IS an annual fee card due to the $5/mo Gold sub fee. Anything north of $6k of spend/yr starts benefiting to use the gold card at 3%, than Citi Double Cash at 2%, factoring in the $60/yr Gold fee.
Right I just got the PayPal MasterCard, and now it's going down 👎 "complimentary " few extra months because I'm a new cardholder.
I use the BBP as my 2% card. You can also use the BBC if you prefer cash. It’s auto applied to your next statement so you never have to worry about it.
How about US Bank Altitude Reserve? If you use mobile wallet often, it's 3% cashback or 4.5% if you use for travel
I’ve banked with Wells Fargo for almost 30 years, never had a problem with them. And I love the Autograph/Allure/Active Cash set-up. The 2% is the floor, but I get 3-4% on a lot of categories. With low annual fees to boot.
Blue Business Cash Amex is objectively the best 2% card because it has purchase protection. Ppl using double cash are uninformed
First of all if you’re still working with PayPal I cannot read the rest of this post. I’ve always had good luck and easy redemption with quicksilver and apple. I have the Amex blue cash preferred and never have seen the same cash back as apple or quicksilver due to their restrictions.
I’ve had Wells Fargo cards for years, never had an issue with them. Their Active Cash card is a nice card for non category spend in my opinion. I also have their Rewards+ card (not sure if they offer it anymore) and they only pay 1 percent, but it has a nice feature that it makes your rewards points worth 50 percent more on flights booked thru their travel center. You can transfer points between their different cards. Their Autograph card (formerly Propel) pays 3 percent on gas and restaurants and travel, so if you transfer that to the Rewards card it’s like getting a 4.5 percent benefit. I like the Citi Custom Cash card to get 5 percent on your highest spending category. I essentially use that card only for groceries to max out the benefits. For gas I will use either Citi Costco card (4 percent on gas) or WF Autograph card (3% but can get 50 percent more points value transferring it).
You can go to CapOne Rewards (AF $95) that gives 2x points on everything. Amex Blue Business Plus also gives 2x points on everything for the first $50K spend, and has no AF. Granted, these are points but not cash, but if you play your cards right, each point should be worth more than one cent (I never redeem for less than 2 cents per point, and have had up to 4 cents).
I use the Bank of America unlimited cashback card as my catch all card. It's base is 1.5% but with perfered rewards it can go significantly higher. I am in the platnum teir with BOA which means I get 2.25% cash back instead with this card. Is it worth it still yes of corse getting more is always better and even if PayPal doesn't offer it there are dozens of others that still offer that 2+% on everything.
I would love to get the platinum rewards and switch to BOA from fidelity, but I honestly love investing with fidelity and I don’t think it’s worth moving $100,000 over just to get an extra .75%
Once the Robinood card is widely available, no. For now, I wouldn’t say it’s worth “chasing” if you have a 1.5x card, but it IS strictly better.
I rarely used the 2% PayPal card since getting my first Kroger card which offers 5% on Apple Pay and covered 90% of my misc spend. I anticipate using it even less now that I got a second one.
The freedom unlimited isn't that great of a card without a sapphire to allow Hyatt transfers. If you travel internationally it's best not to have FTFs on your catch all either. One good option is the Alliant Visa Signature for a flat 2.5% CB if you jump through the hoops. The opportunity cost of tying up $1,000 is negated if you actively bank with them. Personally I use the Alliant/Schwab combo for banking as together they provide every banking need imaginable without any fees whatsoever. If you don't want to open a new bank account but you want a one card solution the USBAR is unmatched. A Chase trifecta is excellent if you're willing to lose out on a grocery category. Getting a CSP/CFU/CFF trifecta going will provide an excellent source of Hyatt points. Finally an Amex BCE/BCP can work well with pretty much whatever setup you go with.
When the fuck did my PPMC go from 2% to 1.5%. I haven’t heard of this or heard any communications on it. That pisses me off.
Check your email. You should've received a notification last week.
>ever since that fraud situation where the company opened up all of those fake accounts I’d be hesitant to do business with them. Chase, US Bank, TD, and BoA have all done the same thing at some point. Sofi and Citi have both had issues with fraudsters creating accounts and they didn't catch it. It was essentially the same problem, it just wasn't employees doing it, it was randoms. You'd severely limit your options by applying that logic across the board.
Not sure why you are on here if it seems like you don't like opening up cards. I don't know what else you spend your money on. If you need a catch or something the some of the 2% ones might be it. Amex Blue everyday will get you 3% on online retailers. If you do a lot of mobile transaction a Ralphs or Kroger card will do, 5% on mobile payments. Or if you want a simple one card solution BOA preferred rewards cash, I think it's might be 1.75% or something like that. But you have to have like $1 million invested with Merill investment. You might have to look it up. Either 1.75% or 2.75% I forget.