Rewards CC

Submitted by 1002543 on Wed, 09/24/2008 - 14:51

What rewards CC do you guys use. Which are you favorites.
My favorite is PenFed Cash Rewards Platinum Visa.

Mind sharing?

I like to use the cash back coupons, if I spend $100 in six months I get a $20 or 30% off coupon mailed to me. Funny thing is that I have been getting fashion bug coupons popping out of the cash register at the grocery store that I use.

Thu, 09/25/2008 - 03:12 Permalink

If you had paid those $100 by rewards credit card, you would have received 2-3% back in addition to couponwhich is another $2-3. Think about it.

Thu, 09/25/2008 - 21:48 Permalink

I think that the best reward cards are the cash back credit cards. Most of these cash back credit cards offer upto 5% cash back on retail purchases and so you save money. Moreover, most of these cards come with low APR of 10% and no annual fees. Some of these cards also offer zero APR on balance transfer for a period of 12 months. However, for availing these cash back credit cards, you need to have either a good or an excellent credit score.

Fri, 09/26/2008 - 11:54 Permalink

I agree that cash back cards are the best. For insrance:
Discover More: 5% cash back on groceries, movies and restaurants (capped)
Chase Freedom: 3% cash back on 6 top spendings categories like gas, groceries, gym, cell phone, internet etc.
PenFed (my favorite) 5% on gas, 2% on groceries and 1.25% everything else.
Regarding BT and APR YMMV.
PenFed's APR is 13.99, BT is 5.99% no fees
Discover offered me BT at 1.99%, but 4% BT fee.
My Chase is currently at 14.99% and I have 2 BT offers . The first is 0% for 6 mos and the second is at 3.99% for life of balance, both 3% fee, uncapped.

Fri, 09/26/2008 - 13:27 Permalink

I have not looked into all the details, it is a small retail credit card. I just want it to start and build some credit up.

Sat, 09/27/2008 - 04:10 Permalink

Once you have that card GN you will get coupons out the yinger. I actually throw them away from time to time. It is a way to lure you in. The only time I keep a hod of one of the coupons is if I am planning on going in to make my payment or I have the ehads up on an upcoming sale.
I have a discover but I never seen any cash back awards. We got an offer in the mail recently oin the form of a check that if you cashed it you would be signed up for the rewards program nut the yearly fee was like $70 and we don't use it that much to pay the amount asked.

Sun, 09/28/2008 - 15:18 Permalink

I have one that works with our local grocery store, it just gives gas perks, but you can put your groceries and your perscriptions on it. Around the holidays the gift cards are double fuel perks so that is nice.

Sat, 11/08/2008 - 16:36 Permalink

I wish Wal mart would offer this type of thing. Gosh htye get at least one third of the paycheck every two weeks plus perscriptions. Gas prices have been steadily coming down and I can tell the difference in the budget. Doesn't take so much money to fill the tank and with what you save its enough for a burger off the dollar menu.

Sat, 11/08/2008 - 20:20 Permalink

I get the hubbies prescriptions at giant eagle, most of mine come from the veterans hospital.

Sun, 11/09/2008 - 00:25 Permalink

How does that syatem work GN? I get mine at walmart but I can get them through the mail. They send you three month supplies at a time. We have no co pay now on generic drugs so I usually don't bother with the mail system plus some of my non generic drugs can cost up to $25 and I don't have $75 dollars to lay out at one time. Employers push us to do it because it gives them a break but hey times are rough and thats an awful lot at one time.

Sun, 11/09/2008 - 12:37 Permalink

I just have the doctor call the prescriptions into giant eagle, you can get a 90 day supply for $10 on some of them.

Sun, 11/09/2008 - 15:49 Permalink

Wow thats really a great deal. Just hope since they brought up the idea of taxing health benefits that noone runs with the idea.

Sun, 11/09/2008 - 23:35 Permalink

I think that walmart and giant eagle can only get better with their prices, they are big enough to buy bulk and pass on the savings to the consumers.

Tue, 11/11/2008 - 01:53 Permalink

I think alot of the 'rebate' CC's you have to have decent credit to get approved for them. Any suggestions from anyone? I've been looking around for 'store CC's' that would take bad credit (for a 'credit builder'..kind of thing) and haven't found anything. Any suggestions?

Tue, 11/11/2008 - 11:46 Permalink

Soemtimes it is best to kepp trying one store and not applying at several. Stores have qutas of credit cards to fill and when they are behind they will sometimes approve a person that doesn't have the best credit. I am not real sure if they will be doing that now though due to the economy and other factors. More and more people are falling behind on credit card debt...even ones with great credit due to jobs losses and stuff so credit card companies may be wary.

Tue, 11/11/2008 - 23:31 Permalink

That is what I had to do, I just got a fashion bug card, it ain't much but it is a start on building a payment history with a different type of tradeline. I just charge a little on it here and there, pay it off and start off agian.

Wed, 11/12/2008 - 02:19 Permalink

Gee, thanks. I'll see what I can do about THIS one. I like Fashion Bug, too!!LOL I appriciate the replies.

Wed, 11/12/2008 - 10:34 Permalink

Your very welcome SD. Just remember they do charge a higher interest rate but sooner or later you would have had to deal with a demon like that anyway. I guess it is part of debtor punishment. I always remind people as long as they continually work to rebuild their credit then a few years from now this will all be behind you. Yes you got to deal wiht the consquences until then but the sooner you gert working at it the better off you will be. Don't forget also that sometimes it takes applying a couple times before you are approved. Good luck and let me know how it works out for you.

Thu, 11/20/2008 - 14:53 Permalink

Good to hear. Hopefully you will SD and you will on your way to rebuilding good credit.

Thu, 11/20/2008 - 16:33 Permalink

I was looking into CC rewards, for a friend of min. It seems tat the CC's, that you can get 'rewards' from are those for 'good' or 'excellent' credit (doesn't seem to far when you are trying to re-build your credit).

Mon, 05/30/2011 - 03:46 Permalink

This is not a CC, but....I have a K-mart 'rewards card'. As you buy items at K-mart, you get a 5 of yoursale put on your 'rewards card'. Mine is adding up!! :)..which is a 'good' thing!! I'm continuing to try Reward CC's for 'bad credit' , but, sadly can't find anything. Any advice from anyone??

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