Jonathan Kamens 86 47
I'm looking for a credit card with no annual fee and at least 2% cash back. I may be willing to pay an annual fee if the cash back is higher.
Requirements:
* Independent bank or credit union, not one of the mega-banks.
* Not USAA, they were once good but now they suck.
* Not PenFed, people told me they were once good but it appears to me, from having recently switched to them, that now they suck as well.
Any recommendations?
#personalFinance #creditCards #help
Mar 4 at 9:42pmWeb
Show threadJonathan Kamens 86 47Mar 4
For those of you who recommended #PenFed to me here… The reason why I say they suck now is they sometimes hold ACH payments (i.e., don't credit them to your available credit) for up to ten days, something that no other credit card company has ever done to me in my 30+ years of using credit cards, and they refuse to raise my (or anyone else's apparently) credit limit above $10k, even though every other bank is happy to give me a $25k limit.
Show threadJonathan Kamens 86 47Mar 4
Put those two things together (long delays crediting payments and low credit limit), and I am regularly hitting my credit limit and having to send them extra payments in the middle of the month just to be able to keep using the card. This is a fucking annoying waste of my time, and I refuse to put up with sources of unnecessary aggravation like this that I can do something about.
Show threadrsalzMar 4
@jik MITFCU. Run by Elan now, but terms are still good
Show threadJonathan Kamens 86 47Mar 4
@rsalz As far as I can tell none of the MITFCU cards offer 2% cash back on everything, or anything else that would work out to 2% (or more) back on everything given our spending patterns.
Show threadEllenJSMar 4

@jik
I’ve recently started looking for something very similar: a no annual fee credit card that gives some cash back and has no foreign transaction fees. So far this is the leading contender:

https://cardcritics.com/credit-cards/card-issuer/wells-fargo/wells-fargo-autograph-review/

Show threadJonathan Kamens 86 47Mar 4
@EllenJS Wells Fargo is a thoroughly shitty and corrupt bank and I will have nothing to do with them. YMMV.
https://en.wikipedia.org/wiki/Wells_Fargo#Lawsuits,_fines,_and_controversies
PNC has a 2% cash back card with no annual fee or foreign transaction fees: https://www.pnc.com/en/personal-banking/banking/credit-cards.html
Wells Fargo - Wikipedia

Show threadEllenJSMar 4

@jik
Thanks for the PNC (and Wells Fargo) info — I’ll take a look.

What’s your issue with USAA?

Show threadJonathan Kamens 86 47Mar 4
@EllenJS Their service got progressively worse and worse until finally it was so shitty I couldn't deal with it anymore.
The new CEO claims he's trying to turn things around. I don't know if that's real or just marketing bullshit, and I didn't feel like waiting around to find out.
Show threadEllenJSMar 4
@jik
I’ve had a USAA credit card for years and years— no issues. We’ve also had an REI credit card for a long time and they keep changing things — that’s what we’re looking to replace.