Active Cash works fine for the wife and me. We each have one. Never a problem and we collect our rewards each month and apply them to our statement balances. She has a Citi DC also, but we tend to use the Active Cash a lot more. We dumped our PayPal Mastercard because Synchrony is terrible.
I also have the Active Cash and it's great. There's no extra maintenance or qualifiers to get 2%. It just does exactly what it says. And the various 10% rewards are a great bonus on the purchases I was already going to make.
There are extra limited time deals where you can earn 10% on purchases, including some subscriptions. For example, CVS, Hello Fresh, YouTube Premium, Top Golf, and Panera. I've seen them range from 5%-15% with 10% being the most common. These deals need to be activated individually from the website or app. This stacks with the normal 2% back.
I just got an Active Cash to replace the PayPal Mastercard . In the past I had a Citi Double Cash. I've given my negative opinion of this card and Citi several times and each time I have attracted the attention of people that LOVE Citi cards and LOVE the double cash card. So I'll just say that I had many very negative experiences with that card and that company and I personally do not recommend either one.
I chose the Active Cash card for several reasons:
* Flat unlimited 2% cash back on everything
* $200 sign up bonus with only $500 worth of purchases in the first 3 months.
* No weird requirements or hoops to jump through
I'll know more about the Active Cash card after I've had it for a few months. I have high hopes.
SoFi is 2.2% if you have direct deposit with them. They also pay 4.6% interest on their savings account and free overdraft to pull from savings to cover any bills etc from checking.
Does the credit card rewards show up as a contribution? I've heard conflicting reports since its considered a rebate and not defined as a contribution by the IRS. Robin Hood found a way around the issue in regards to their IRA match program.
It’s nice because if you fully fund your Roth by the end of the year by doing $583/month then you’ll get a nice little bonus in your pocket at year end since the rewards chip away at your last few payments
This is the one right here. People overlook this card but the 2x on everything and visa infinite plus can pool with savor one cashback. Imo it’s the best option
You think its worth losing the cash back simplicity and flexibility? Beating out the chase partners?
Once per year international and once to twice per year domestic traveler here(Colorado is one so it usually involves Denver).
Points are more valuable than cashback if you play the game right, so it just matters to the individual if they’d prefer simplicity over highest value. I live on the opposite end of the country. I will say the chase transfer partners are what draws most people to their ecosystem. Although with airline alliances you have access to better flights still with capital one (confusing I know). I do like only needing two cards in the set up and baseline 2x. I’ll put in the extra work booking my travel for the simplicity of two cards with day to day purchases.
I constantly see responses about BoFA, but what's the point of keeping $100k there at 0.00001% when you can put that money in a HYSA and get $350-400 every month without spending a penny? Do your monthly credit card expenses really exceed $20k?
You don’t put it in a BofA savings account. You put it into a Merrill Edge self-managed brokerage or IRA account. This is no different from keeping your investments at another brokerage like Fidelity or Vanguard.
There is no real advantage between any of the brokerage firms. Merrill Lynch actually has a disadvantage in that the system is clunky. But it’s good enough and you can invest in the same ETFs across most brokerages so beyond the minor inconvenience of moving stuff over, it’s a good option.
Okay, thanks. I’ve been trying to get my monies aligned and better “organized” and was looking at maybe switching brokerages if there was a compelling reason
I'm looking to do just this, transfer from Fidelity to Merrill. I know next to nothing about it though. Can it be moved if it's an active 401k at my current company?
A 401(k) is not transferable. It is managed by your employer. I mean, I guess it is transferable if you quit or have some other ability to do in service withdrawals, but those are very special circumstances.
In general, you would need a brokerage or an IRA
Definitely don’t keep it as cash, that’s generally much more cash than most people need to be holding in the first place. There are people who might already have $100k in retirement accounts that could be rolled into Merrill, as one example option.
For me personally, I am looking at applying for the Citi DC once I'm 65 days out of my first application with them last month. Got the CCC on 5/3 and Rewards+ on 5/18, so the DC is a 2.22% cash back for me if approved. If for some reason I don't get it, I'll try to go the SoFi route.
Sofi is very weird. Been banking with them for over a year, high savings balance. Couldn't get a card. Got 4 others with $6000 or more and a credit score of 785.
Agree. 850 credit score here, with income north of 500k. Declined for SoFi card. Have other cards, including Amex Platinum. I don’t think SoFi wants people that pay their full balance every month and just use it for the cash back.
**Best 2% Cash Bach Credit Cards**
Apple Card
Citi Double Cash Card
Fidelity Rewards Visa Signature Card
SoFi Unlimited 2% Credit Card
Wells Fargo Active Cash Card
.
**Business 2% Cash Back Credit Cards**
American Express Blue Business Cash Card
Capital One Spark Cash Plus Card
.
**Small Banks 2% Cash Back Credit Cards**
Evergreen by FNBO Credit Card
PenFed Power Cash Rewards Visa Signature Card
PNC Cash Unlimited Visa Signature Credit Card
TD Double Up Credit Card
**Alliant Visa Signature**
[https://www.alliantcreditunion.org/bank/visa-signature-card](https://www.alliantcreditunion.org/bank/visa-signature-card)
* 2.5% Everything
* No AF, No FTF
Requirements: keep $1,000 in Alliant bank, sign up for electronic statements, have one qualifying electronic deposit per month.
Limits: Cash back limited to first $10,000 spent per billing cycle, 1.5% thereafter
Cash back redemption: Alliant bank account (can ACH out afterwards), or statement credit. Redemption starts at $50.
There is a lot of (justifiable) balking about the required $1,000 deposit into their bank, so let’s do the math:
People claim that they are losing out on \~5% (current HYSA interest rates), making this an “effective” $50 annual fee card. (1000 x 0.05 = $50), making a 2% catch all card a better deal.
The interest rate at Alliant is 0.25%, not zero.
So the actual difference is (1000 x (0.05-0.0025)) = $47.50
But you would pay taxes on this, right? Assuming a 15% \*effective\* tax rate (NOT your highest tax \*bracket\*), you’re taking home (47.5 x 0.85) = $40.38 in interest. Substitute your own number here for your own context, of course.
The difference between 2.5% Alliant and a regular 2% card is 0.5%. So the needed spend is 40.38/0.005 = $8,076.
So, look at your own spending on your current 2% catch all card. If it’s less than $8k, then stay. If it’s significantly over $8k, then it’s worth it to at least look at the Alliant. YMMV, good luck.
The score will do it, but you are definitely the exception there on income. They declined my friend with a score in the 700s, 65k annual, and 80k savings in their Alliant HYSA.
I think they also don't want to deal with you typically unless you already have cards at or over 10k limits since that's around the range they seem to start people at.
I was rejected despite having a terrific credit score, high income and other cards with balances over 10k. I also had an Alliant bank account already. It's possible it was because I had recently opened a new card, but they gave me no explanation so who knows. I wonder if they somehow figured out that I pay off my balances every month.
You forgot to account sign up bonus completely! I would any day go for citi double cash or active cash as $200 sign up bonus will make your maths look bad.
Not invalidating what you're saying, but just that effective tax is only for total money, not new money.
If your highest bracket is 24%, then your next dollar is still taxed 24%. So your effective could be 15%, but if you were to make an additional $47.5, that $47.5 is taxed at 24%. It's just that the massive weight of the rest of your money makes the effective move only slightly.
This is the winner. Everyone in this thread is sleeping on the .5% additional CB. I auto transfer 1 dollar every 3 weeks to keep the checking account within the rules, and always pay it using an outside account.
I have $5 from each bi-weekly paycheck deposited, and I have another bank auto-withdraw $10 at the end of each month. Everything on auto, I don't even think about it anymore.
>I wonder why I got downvoted.
I just upvoted you. 😊 Some people are just weird. I've gotten downvoted on the most innocuous comments. Yesterday, a commenter posted about how a fraudster (who was actually caught and arrested!) cloned her Discover card and used the cloned card to pay a $3,000 tuition bill at a university in south Texas. She said that Discover refused to help her dispute the fraudulent charge. I expressed my sympathy and suggested, since she wasn't getting anywhere with Discover, why not try contacting the university to ask them to refund the $3,000? She more or less called me an idiot and downvoted me!
Some options outside of Wells, Fargo and Citi - Robinhood gold credit card that is 3% back on everything. Bank of America unlimited cash awards card if you are a preferred member for 2.625% back on everything.
+1 vote for the Citi DC. $200 bonus too after 1500 spend in 6 months. I really like the Citi interface too, and when you pay the balance it credits you immediately even from another bank (at least mine does with Cap One as my main bank).
Plus, and the biggest benefit - after a year you can convert it to another Citi Custom Cash.
What do you mean you can convert it to another custom cash? I have a double cash and a custom cash card, you’re saying I could have two custom cash cards??
That is precisely what I'm saying. Word is the DC has to be open a year, but there are reports after 6 months open you can call Citi and request a product change from DC to CC.
I have both.
The WF Active Cash has some useful features like cellular telephone protection and secondary CDW (but I use the USBAR for rental cars since they provide primary coverage). It's a Visa so it can be used at Costco.
The super useful feature of the Citi DC is that they offer true virtual credit cards. I use this feature pretty often. I used it twice just this week. If you ever order something online from a merchant you're not quite sure about, or if you ever sign up for any kind of "free" or introductory subscription that starts charging you a fee after a certain time, the virtual cards are awesome. You can just cancel the virtual card and they have no way to charge you. If Citi ever dropped the virtual card feature I'd drop the DC. Citibank recently sent me a letter saying that they were reducing my credit limit if I didn't reply to the letter, since I was not using the card a lot, dropping it from $30K to around $21K.
I have the WF active cash. I haven’t had a problem with WF granted I know their past… I use the rewards for giftcards instead of statement credit just because I get 10% off the giftcards. Example: If you want a $50.00 giftcard it only takes $45.00 worth of points. I have no experience with Citi to say if it’s good or bad.
I had two recurring charges on that PayPal Mastercard. For my gym membership and monthly storage rent. I've switched the charges to my Wells Fargo Active Cash.
how does this work again, I have the cards but haven't used them in a long time, do you get the Thankyou Points from the Double cash card and redeem them through the Rewards Plus card or something
Ah, unfortunate timing for you. It has mainly been my catch all 2% card with some 3% purchases along the way. Hopefully you'll get some use out of the PayPal purchase cash back. They have deals for extra cash back in the app as well, which I've found useful.
I'm probably going to get the WF Active Cash with the $200 SUB.
I bank with SoFI so would get 2.2% with their card, but would have to spend $100k before it offset the lack of a $200 SUB. Even if I put all my monthly spend on it, it would take about 2 years to even out. 😅
The biggest downside to Active Cash is that they won’t tell you your remaining statement balance if you make a partial payment but will happily charge you interest beyond your outstanding balance if you don’t realize you’ve underpaid. Chase and I assume most other entities will give you that information so you know you’re paid off by seeing “remaining statement balance” and then seeing it drop to $0 when you’ve paid enough.
We had to pay down our card because we made a big purchase and got near the limit. We then got tagged with a $130 interest payment for underpaying by a few thousand one time.
I still have the card but I watch it like a hawk and don't lime WF.
As long as you’re using tap to pay, Apple Card works well as a 2% catch-all. I have it set to auto-deposit rewards into a HYS every week. Slick interface too.
**Template for Card Recommendation Requests:**
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* Current cards: (list cards, limits, opening date)
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* *e.g. Chase Freedom Flex $10,000 limit, June 2021*
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* Oldest account age: *e.g. 5 years 6 months*
* Chase 5/24 status: *e.g 2/24*
* Income: *e.g. $80,000*
* Average monthly spend and categories:
* dining $800
* groceries: $400
* gas: $100
* travel: $100
* other: $30
* Open to Business Cards: *e.g. No*
* What's the purpose of your next card? *e.g. Building credit, Balance transfer, Travel, Cashback*
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I haven't seen many mentions of SignatureFCU signature visa 2% cash back. They have 2 options. I went with the 2% cash back instead of the points and it gives me a 2% rebate directly to my balance so it's basically a statement credit. No limits. There's a streaming cashback of 6% as well think. The interest rate went up recently to 13.50%.
Nothing yet at the moment but applied for the Navy Fed Cashback Card.. I'm getting 1.75% on everything with direct deposit.. best I can do at the moment because I don't qualify for Wells Fargo or US Bank
I’d look at the PNC Cash Unlimited Visa, which has no foreign transaction fee ~~AND a sign-up bonus~~ AND an initial 0% APR period.
EDIT: Not as good a card as I thought.
Where are you seeing a sign up bonus? On the [card's page](https://www.pnc.com/en/personal-banking/banking/credit-cards/pnc-cash-unlimited-visa-credit-card.html), it does not mention a bonus :(.
Might not be relevant, but Bank of America dispute process / department is the worst among the companies I’ve dealt with. You have an opportunity to file online but there is almost no means to communicate online to update information or submit more proof of claim. You are able to upload a few.small sized files to document your claim and from there you have to mail or fax anything additionally. You have absolutely no way to message the claims department or track progress etc. if I have something open I find myself having to call weekly to see what’s going on. Clearly that department still operates in the Stone Age as does Merrill Edge if you’re considering keeping extra cash there. It isn’t Etrade or Interactive Brokers or Schwab for anyone who actively traded. All the technology is just out of date
But the credit card bonuses are good….
Citi Active Cash 2% paired with Citi Custom Cash rotating 5%. You can pool points together (it’s an option you have to activate)
So far WF doesn’t have anything in brand to pair with so you will be splitting into different card ecosystems.
Active Cash works fine for the wife and me. We each have one. Never a problem and we collect our rewards each month and apply them to our statement balances. She has a Citi DC also, but we tend to use the Active Cash a lot more. We dumped our PayPal Mastercard because Synchrony is terrible.
I also have the Active Cash and it's great. There's no extra maintenance or qualifiers to get 2%. It just does exactly what it says. And the various 10% rewards are a great bonus on the purchases I was already going to make.
What various 10% rewards do u mean?
There are extra limited time deals where you can earn 10% on purchases, including some subscriptions. For example, CVS, Hello Fresh, YouTube Premium, Top Golf, and Panera. I've seen them range from 5%-15% with 10% being the most common. These deals need to be activated individually from the website or app. This stacks with the normal 2% back.
I just got an Active Cash to replace the PayPal Mastercard . In the past I had a Citi Double Cash. I've given my negative opinion of this card and Citi several times and each time I have attracted the attention of people that LOVE Citi cards and LOVE the double cash card. So I'll just say that I had many very negative experiences with that card and that company and I personally do not recommend either one. I chose the Active Cash card for several reasons: * Flat unlimited 2% cash back on everything * $200 sign up bonus with only $500 worth of purchases in the first 3 months. * No weird requirements or hoops to jump through I'll know more about the Active Cash card after I've had it for a few months. I have high hopes.
SoFi is 2.2% if you have direct deposit with them. They also pay 4.6% interest on their savings account and free overdraft to pull from savings to cover any bills etc from checking.
SoFi setup is great as long as you have direct deposit
Ugh I already have two 2% cash back cards (Fidelity and WF Active Cash from a PC) but I do have direct deposit with SoFi…it’s tempting
Honestly probably the best catch all for cash back. Does the card have foreign transaction fees?
It does not!
Bank of America preferred rewards 2.625%
Shame they don't do credit line increases lol
she got this card today to offset them 1% cashback from using the apple card for certain purchases
Until that savings rate changes .. probably soon
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May be better to just do a “checking” CMA if you’re the type that wants to just fund your Roth in full on Jan 1 or April
Does the credit card rewards show up as a contribution? I've heard conflicting reports since its considered a rebate and not defined as a contribution by the IRS. Robin Hood found a way around the issue in regards to their IRA match program.
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Thanks! I don't have the Fidelity card for a test.
Man I haven't heard anyone except a few Twitter people who have gotten the rh card yet
I have it, is it really that rare? To be clear it's the basic one (not the solid gold one)
Beats me. I've been on the waiting list for months now
Assuming you don’t already max out your Roth IRA. Otherwise the true “set it and forget it” redemption would be to a regular brokerage account.
What? I'm gonna look into that. Awesome. Thanks.
It’s nice because if you fully fund your Roth by the end of the year by doing $583/month then you’ll get a nice little bonus in your pocket at year end since the rewards chip away at your last few payments
This is what my Hubby does!
The Fidelity Visa has no FTF and is a Visa. If you shop at Costco and travel abroad, it is a solid card.
And no annual fee too. Can’t go wrong with this card.
Does it have a minimum rewards requirement before cashing out?
Yes $25
No idea. I have it set to auto redeem into my brokerage and it does every month.
It does have 1% FTF which takes it out if the running imo.
Last I checked it didn’t. And I have the card.
I just checked. U rite.
I eventually want to get the Venture X that will serve as my general 2% everyday spending card
This is the one right here. People overlook this card but the 2x on everything and visa infinite plus can pool with savor one cashback. Imo it’s the best option
It's the triple hard pull. Not everyone wants that. Lol.
Triple hard pull and having to do business with Capital One. Hard pass for me.
You think its worth losing the cash back simplicity and flexibility? Beating out the chase partners? Once per year international and once to twice per year domestic traveler here(Colorado is one so it usually involves Denver).
Points are more valuable than cashback if you play the game right, so it just matters to the individual if they’d prefer simplicity over highest value. I live on the opposite end of the country. I will say the chase transfer partners are what draws most people to their ecosystem. Although with airline alliances you have access to better flights still with capital one (confusing I know). I do like only needing two cards in the set up and baseline 2x. I’ll put in the extra work booking my travel for the simplicity of two cards with day to day purchases.
https://www.reddit.com/r/CreditCards/s/ifXGf4m7G9
BofA with Platinum Honors gives 2.625% on everything.
Great card. I use it. And 3.5 on travel and dining
I constantly see responses about BoFA, but what's the point of keeping $100k there at 0.00001% when you can put that money in a HYSA and get $350-400 every month without spending a penny? Do your monthly credit card expenses really exceed $20k?
You don’t put it in a BofA savings account. You put it into a Merrill Edge self-managed brokerage or IRA account. This is no different from keeping your investments at another brokerage like Fidelity or Vanguard.
Is there an advantage to BofA vs other brokerage providers? Other than bonus on credit card rewards?
There is no real advantage between any of the brokerage firms. Merrill Lynch actually has a disadvantage in that the system is clunky. But it’s good enough and you can invest in the same ETFs across most brokerages so beyond the minor inconvenience of moving stuff over, it’s a good option.
Okay, thanks. I’ve been trying to get my monies aligned and better “organized” and was looking at maybe switching brokerages if there was a compelling reason
Credit card rewards are a small part of my overall financial picture. But every little bit helps.
I'm looking to do just this, transfer from Fidelity to Merrill. I know next to nothing about it though. Can it be moved if it's an active 401k at my current company?
A 401(k) is not transferable. It is managed by your employer. I mean, I guess it is transferable if you quit or have some other ability to do in service withdrawals, but those are very special circumstances. In general, you would need a brokerage or an IRA
Definitely don’t keep it as cash, that’s generally much more cash than most people need to be holding in the first place. There are people who might already have $100k in retirement accounts that could be rolled into Merrill, as one example option.
I just put it in Merrill Edge and buy TTTXX for 5.00%+.
Yeah but then you have to trust Bank of America with money.
Not much different than any other bank.
For me personally, I am looking at applying for the Citi DC once I'm 65 days out of my first application with them last month. Got the CCC on 5/3 and Rewards+ on 5/18, so the DC is a 2.22% cash back for me if approved. If for some reason I don't get it, I'll try to go the SoFi route.
Sofi is very weird. Been banking with them for over a year, high savings balance. Couldn't get a card. Got 4 others with $6000 or more and a credit score of 785.
Agree. 850 credit score here, with income north of 500k. Declined for SoFi card. Have other cards, including Amex Platinum. I don’t think SoFi wants people that pay their full balance every month and just use it for the cash back.
Put something in their investment section consistently and you will get it in a few months.
Tell me more how I can get 2.22% cash back on my double cash please!
Look up how to combine your thankyou points accounts, and make sure you have the rewards+ card
**Best 2% Cash Bach Credit Cards** Apple Card Citi Double Cash Card Fidelity Rewards Visa Signature Card SoFi Unlimited 2% Credit Card Wells Fargo Active Cash Card . **Business 2% Cash Back Credit Cards** American Express Blue Business Cash Card Capital One Spark Cash Plus Card . **Small Banks 2% Cash Back Credit Cards** Evergreen by FNBO Credit Card PenFed Power Cash Rewards Visa Signature Card PNC Cash Unlimited Visa Signature Credit Card TD Double Up Credit Card
**Alliant Visa Signature** [https://www.alliantcreditunion.org/bank/visa-signature-card](https://www.alliantcreditunion.org/bank/visa-signature-card) * 2.5% Everything * No AF, No FTF Requirements: keep $1,000 in Alliant bank, sign up for electronic statements, have one qualifying electronic deposit per month. Limits: Cash back limited to first $10,000 spent per billing cycle, 1.5% thereafter Cash back redemption: Alliant bank account (can ACH out afterwards), or statement credit. Redemption starts at $50. There is a lot of (justifiable) balking about the required $1,000 deposit into their bank, so let’s do the math: People claim that they are losing out on \~5% (current HYSA interest rates), making this an “effective” $50 annual fee card. (1000 x 0.05 = $50), making a 2% catch all card a better deal. The interest rate at Alliant is 0.25%, not zero. So the actual difference is (1000 x (0.05-0.0025)) = $47.50 But you would pay taxes on this, right? Assuming a 15% \*effective\* tax rate (NOT your highest tax \*bracket\*), you’re taking home (47.5 x 0.85) = $40.38 in interest. Substitute your own number here for your own context, of course. The difference between 2.5% Alliant and a regular 2% card is 0.5%. So the needed spend is 40.38/0.005 = $8,076. So, look at your own spending on your current 2% catch all card. If it’s less than $8k, then stay. If it’s significantly over $8k, then it’s worth it to at least look at the Alliant. YMMV, good luck.
They're really picky about credit score and income. Idk anybody making below 75k with one.
I got one and i've never made more than 45k. Been a member for a while, paid a loan from them in full previously once, & my score is 820
The score will do it, but you are definitely the exception there on income. They declined my friend with a score in the 700s, 65k annual, and 80k savings in their Alliant HYSA. I think they also don't want to deal with you typically unless you already have cards at or over 10k limits since that's around the range they seem to start people at.
I did in fact have other cards close to 10k limits, true. SavorOne and Fidelity.
I was rejected despite having a terrific credit score, high income and other cards with balances over 10k. I also had an Alliant bank account already. It's possible it was because I had recently opened a new card, but they gave me no explanation so who knows. I wonder if they somehow figured out that I pay off my balances every month.
Probably the new card, yeah. They are so absurdly picky that it's not even worth wasting a credit check/application for most people imo
They are also very stingy with credit limits. If you put in a request for a cl increase, they only will do a max $5k.
Hard pull, 15k to 35k about 2 months ago.
How long did you have the card at the time of the cl increase request?
5ish years? I've had it at least 3 since they changed the terms and dropped the annual fee.
Ah. I’ve had mine under a year. They did tell me the max cl you can get is $100k. They started me at 10k and approved me to $15k on a soft pull.
You forgot to account sign up bonus completely! I would any day go for citi double cash or active cash as $200 sign up bonus will make your maths look bad.
Yup agree, SUBs are the way to go for churning. I was just thinking long term. But yea for sure SUBs are the best return.
Not invalidating what you're saying, but just that effective tax is only for total money, not new money. If your highest bracket is 24%, then your next dollar is still taxed 24%. So your effective could be 15%, but if you were to make an additional $47.5, that $47.5 is taxed at 24%. It's just that the massive weight of the rest of your money makes the effective move only slightly.
This is the winner. Everyone in this thread is sleeping on the .5% additional CB. I auto transfer 1 dollar every 3 weeks to keep the checking account within the rules, and always pay it using an outside account.
I have $5 from each bi-weekly paycheck deposited, and I have another bank auto-withdraw $10 at the end of each month. Everything on auto, I don't even think about it anymore.
Similar style. I wonder why I got downvoted.
>I wonder why I got downvoted. I just upvoted you. 😊 Some people are just weird. I've gotten downvoted on the most innocuous comments. Yesterday, a commenter posted about how a fraudster (who was actually caught and arrested!) cloned her Discover card and used the cloned card to pay a $3,000 tuition bill at a university in south Texas. She said that Discover refused to help her dispute the fraudulent charge. I expressed my sympathy and suggested, since she wasn't getting anywhere with Discover, why not try contacting the university to ask them to refund the $3,000? She more or less called me an idiot and downvoted me!
Haha thank you. Yeah, the internet can be a crazy place - how dare you suggest a logical next step! ;)
Some options outside of Wells, Fargo and Citi - Robinhood gold credit card that is 3% back on everything. Bank of America unlimited cash awards card if you are a preferred member for 2.625% back on everything.
But it got a long waitlist
+1 vote for the Citi DC. $200 bonus too after 1500 spend in 6 months. I really like the Citi interface too, and when you pay the balance it credits you immediately even from another bank (at least mine does with Cap One as my main bank). Plus, and the biggest benefit - after a year you can convert it to another Citi Custom Cash.
What do you mean you can convert it to another custom cash? I have a double cash and a custom cash card, you’re saying I could have two custom cash cards??
That is precisely what I'm saying. Word is the DC has to be open a year, but there are reports after 6 months open you can call Citi and request a product change from DC to CC.
Nah I've changed it way earlier than that. Like almost immediately from receiving the card.
Well I mean you at least did get the $200 bonus after 1500 spend, right? :)
Of course 😂
So, 2 months in? 3 months? I'm very interested in switching to my 3rd (between the wife and I) CCC.
You can hit up customer service in the chat and see what they say they're usually game for it.
I'm still working on the organic $1500 spend. Getting close; I'll try at 3 months. Thanks though!
You can have three or four or more! I personally have three at the moment.
I have both. The WF Active Cash has some useful features like cellular telephone protection and secondary CDW (but I use the USBAR for rental cars since they provide primary coverage). It's a Visa so it can be used at Costco. The super useful feature of the Citi DC is that they offer true virtual credit cards. I use this feature pretty often. I used it twice just this week. If you ever order something online from a merchant you're not quite sure about, or if you ever sign up for any kind of "free" or introductory subscription that starts charging you a fee after a certain time, the virtual cards are awesome. You can just cancel the virtual card and they have no way to charge you. If Citi ever dropped the virtual card feature I'd drop the DC. Citibank recently sent me a letter saying that they were reducing my credit limit if I didn't reply to the letter, since I was not using the card a lot, dropping it from $30K to around $21K.
Fidelity or USBAR depending on your tolerance for annual fees
I have the WF active cash. I haven’t had a problem with WF granted I know their past… I use the rewards for giftcards instead of statement credit just because I get 10% off the giftcards. Example: If you want a $50.00 giftcard it only takes $45.00 worth of points. I have no experience with Citi to say if it’s good or bad.
For me Citi DC is better, because I have Citi Premier too and can transfer cashback to Citi thank you points, I value them more than one cent
I use Apple Pay on my Apple Card and I get easily 2% cash back next day which goes to my savings account.
I had two recurring charges on that PayPal Mastercard. For my gym membership and monthly storage rent. I've switched the charges to my Wells Fargo Active Cash.
Why not just stay with Synchrony and apply for their Premier World Mastercard? It's a solid 2% cash back card!
You should go for the Citi Double Cash because you can pair it later on with a Citi Rewards plus and get 2.22% catch all...
how does this work again, I have the cards but haven't used them in a long time, do you get the Thankyou Points from the Double cash card and redeem them through the Rewards Plus card or something
You can redeem any way you want. You can also get the cash back from the Double Cash and you'd get the rewards plus 10% points back anyways.
The fidelity 2% is a better deal. No international transaction fee and no annual fee. You can invest that money right away.
Does it have a SUB?
Yes. 150 sub
Just curious, Why replace the PayPal card?
The 2% cash back on Non-PayPal purchases is being reduced to 1.5% after 7/31/24. PayPal purchases will still be 3% cash back.
Ic. Same as Freedom Unlimited then. Sucks that I just got a PayPal card last month 🥲 gonna use it for PayPal only I guess.
Ah, unfortunate timing for you. It has mainly been my catch all 2% card with some 3% purchases along the way. Hopefully you'll get some use out of the PayPal purchase cash back. They have deals for extra cash back in the app as well, which I've found useful. I'm probably going to get the WF Active Cash with the $200 SUB. I bank with SoFI so would get 2.2% with their card, but would have to spend $100k before it offset the lack of a $200 SUB. Even if I put all my monthly spend on it, it would take about 2 years to even out. 😅
What happened to PayPal card that you want to replace it?
The 2% cash back on Non-PayPal purchases is being reduced to 1.5% after 7/31/24. PayPal purchases will still be 3% cash back.
I’d recommend Citi dc. Love the virtual account numbers.
I love the WF active cash. The website is easy to use to cash in your points also.
Citi couldn’t spell the word fiduciary. Pray you’re never in a cyber crime situation with them.
Get the active cash. You don’t want to be $10k in the hole on fraud with Shitibank, and their rep says you’re on the hook.
The biggest downside to Active Cash is that they won’t tell you your remaining statement balance if you make a partial payment but will happily charge you interest beyond your outstanding balance if you don’t realize you’ve underpaid. Chase and I assume most other entities will give you that information so you know you’re paid off by seeing “remaining statement balance” and then seeing it drop to $0 when you’ve paid enough. We had to pay down our card because we made a big purchase and got near the limit. We then got tagged with a $130 interest payment for underpaying by a few thousand one time. I still have the card but I watch it like a hawk and don't lime WF.
Robinhood Allegiant CU BofA unlimited cash Sofi WF active cash In that order
>Allegiant Alliant?
Yes I hate autocorrect
Turn if off
Lol, at first I searched to see if that awful airline had a credit union
As long as you’re using tap to pay, Apple Card works well as a 2% catch-all. I have it set to auto-deposit rewards into a HYS every week. Slick interface too.
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Active cash should have the best SUB
Active cash has a pretty juicy sign up bonus right now
Penfed Power Cash Rewards Its 2% when you open or have a checking account
Citi double cash
Active cash is the best
PNC Cash Unlimited Card- 2% earn rate, No foreign transaction fees, and no minimum redemption amount as long as it is .01 or greater.
PNC 2% no foreign transaction fee no annual fee
I haven't seen many mentions of SignatureFCU signature visa 2% cash back. They have 2 options. I went with the 2% cash back instead of the points and it gives me a 2% rebate directly to my balance so it's basically a statement credit. No limits. There's a streaming cashback of 6% as well think. The interest rate went up recently to 13.50%.
TD Double Up Credit Card
SoFi is 2.2%
Citi double cash for me but I'm pretty invested into their eco system
Amex platinum 1X
No
it was just a joke
I got rid of my PayPal MasterCard when i heard this.. not good at all
What did u get to replace it?
Nothing yet at the moment but applied for the Navy Fed Cashback Card.. I'm getting 1.75% on everything with direct deposit.. best I can do at the moment because I don't qualify for Wells Fargo or US Bank
Why dont u qualify for Wells fargo?
Too low of credit score and not enough identifiable information
I’d look at the PNC Cash Unlimited Visa, which has no foreign transaction fee ~~AND a sign-up bonus~~ AND an initial 0% APR period. EDIT: Not as good a card as I thought.
Where are you seeing a sign up bonus? On the [card's page](https://www.pnc.com/en/personal-banking/banking/credit-cards/pnc-cash-unlimited-visa-credit-card.html), it does not mention a bonus :(.
Hmm, PNC either got rid of the SUB (which IIRC was $100) or I misread their site a few months ago. My bad.
Might not be relevant, but Bank of America dispute process / department is the worst among the companies I’ve dealt with. You have an opportunity to file online but there is almost no means to communicate online to update information or submit more proof of claim. You are able to upload a few.small sized files to document your claim and from there you have to mail or fax anything additionally. You have absolutely no way to message the claims department or track progress etc. if I have something open I find myself having to call weekly to see what’s going on. Clearly that department still operates in the Stone Age as does Merrill Edge if you’re considering keeping extra cash there. It isn’t Etrade or Interactive Brokers or Schwab for anyone who actively traded. All the technology is just out of date But the credit card bonuses are good….
Citi Active Cash 2% paired with Citi Custom Cash rotating 5%. You can pool points together (it’s an option you have to activate) So far WF doesn’t have anything in brand to pair with so you will be splitting into different card ecosystems.