Denali said:
@Wade
I assume that 4% offer doesn’t come with a $150 sign-up bonus, right?
I have no idea. But some comments in this thread suggest that a combined $150 and 4% exists.
https://www.reddit.com/r/CreditCards/comments/1fjbmt2/fidelity_visa_4_cb_promo/
Denim said:
Fidelity 2% will be my next card, but I’m not in a rush. A few months or even a year of 1.5% won’t hurt me.
I thought the same. SavorOne, Discover, and the Verizon card cover a lot of my personal spending, so going back to Quicksilver isn’t a big deal for me.
I’m keeping an eye on the upcoming US Bank Smartly Card.
Griffin said:
I’m keeping an eye on the upcoming US Bank Smartly Card.
Same here.
Wow, what a fall from grace this card has suffered. It used to be one of the most recommended 2% cashback cards because it had no foreign transaction fees. Now it has neither of those benefits.
@Rian
It does have foreign transaction fees.
Rebel said:
@Rian
It does have foreign transaction fees.
I know. I realize how my wording could have been confusing. I meant how it used to have ‘no foreign transaction fees’ and now it doesn’t have that benefit.
@Rian
I think it always had foreign transaction fees. The app was the nice thing about the card.
Graydon said:
@Rian
I think it always had foreign transaction fees. The app was the nice thing about the card.
When it first came out, there were no foreign transaction fees, but they changed the terms to charge a 3% foreign transaction fee about 3 years ago.
@Rian
Paypal will probably give their 5% cashback debit card the same treatment sooner or later.
Citi Double Cash is a nice flat 2%. They even offer a $200 sign-up bonus at times.
Johnstone said:
Citi Double Cash is a nice flat 2%. They even offer a $200 sign-up bonus at times.
The whole ‘1% now and 1% when you pay’ setup is kind of annoying. I do statement credits with my other cards, so I have to remember to do direct deposits with the Double Cash since doing a statement credit means you don’t get the 1% back on that amount.
@Fifer
I understand. It is annoying. But as long as you pay the statement in full every month, you do get that 2% eventually.
Johnstone said:
@Fifer
I understand. It is annoying. But as long as you pay the statement in full every month, you do get that 2% eventually.
It’s especially annoying if you’re taking advantage of the 0% offer for 18 months and putting your money in a high-yield savings account. Citi is so frustrating.
@Fifer
I usually stockpile the rewards for the Double Cash for a few months and then cash out to my high-yield savings account.
Johnstone said:
@Fifer
I usually stockpile the rewards for the Double Cash for a few months and then cash out to my high-yield savings account.
Which high-yield savings account do you use?
@Kerry
Right now, I have the Apple high-yield savings account through the Apple Card (it’s okay). I wouldn’t recommend it if you don’t already have the Apple Card. The Apple Card also offers 2% as long as you use Apple Wallet to pay. I like it because that 2% automatically goes into the high-yield account. It’s at 4.25% (recently lowered), but the setup is simple for now.
@Johnstone
Do you mostly use the high-yield account for savings or do you also invest some?
Denali said:
@Johnstone
Do you mostly use the high-yield account for savings or do you also invest some?
I build it up with cashback rewards from different cards and park extra money there for unexpected expenses. I have my investments automated, and once I reach a certain amount, I transfer money over to my investment account. But I just completed a bathroom renovation, so I’m back to building up the high-yield account.
@Kerry
Not who you asked, but I moved my emergency fund to Wealthfront earlier this year, and it’s been great so far. I had a 5.5% APY until the recent fed cut brought it down to 5%, which is still industry-leading.
The regular APY is 4.5%, which is the highest out there. You can also get an extra 0.05% rate boost in two ways: 1) by opening your account via a referral link, and 2) by having others sign up through your referral link after you open your account.
My favorite things about the Wealthfront account so far are: 1) The ‘Categories’ feature lets you designate funds for different purposes within one account, and 2) You can request a debit card for immediate access to your money when needed.