2K Credit Cards » Cash Back

Discover Card | Cash Back | Great for Balance Transfers

admin — Mon, 22 Feb 2010 08:21:58 +0000

Discover has had their stake in the credit card category for sometime now. Offering a variety of credit cards in a competitive space, Discover has had some of the most creative offers. If you had to rank credit card companies, Discover would be in the top five.

Discover offers a great incentive to open a new credit card with them. Their cash back card offers a 5% cash back bonus on everyday expenses. Though there are restrictions on what purchases you can get 5% on but you’re not going to get a better cash back rate else where. Like the credit card that Schwab offers which gives you 2% on every purchases, this card from Discover gives you 1% of most purchases with the added bonus of 5% on some of the most popular categories like gas, groceries and restaurants. You’re likely not able to put your home loan payment on the card but you can earn 5% to 20% at over 100 online retailers.

This card also offers an introductory card rate of 0% APR on card purchases for six months in addition to a 0% APR on balance transfers for twelve months. More than a quick fix for someone that needs to move some cash balances around.

You will have to manage your card online, similar to an online bank. You do receive the top service and security their is to offer on the web. In addition, Discover offers a Spend Analyzer and Paydown Planner to help you better manage your Discover credit card

Fidelity Rewards Visa Card – 1.5% Cash Back

admin — Fri, 05 Feb 2010 09:44:36 +0000

This credit card from Fidelity offers 1.5% cash back on every purchase. The cash back goes into your brokerage account at Fidelity. For the big spenders you’re able to earn 2% once you spend more than $15,000. That’s quite a chunk of change if you’re reaching those limits and thus handsomely rewarded from Fidelity.

Now this credit card is similar but not better than the one offered by Charles Schwab Bank. The cash back is rewarded in form of points that then is converted to dollars that are transferred into your account. Boy, do these companies like making things complicated.

The card comes with 24 client service, travel and emergency assistance and fraud protection. There’s also no annual fee. You can apply for the card directly with Fidelity.

Charles Schwab – Invest First Visa – 2% Cash Back

admin — Fri, 05 Feb 2010 06:11:18 +0000

Thank Charles Schwab for giving us a clever way to earn cash back on our purchases made with credit card. The Invest First Visa, if you can get approved will give you 2% back on most of your purchases. The 2% is transferred into your Schwab One Brokerage account. If you don’t have one, you’ll have to open one and get the accounts linked.

Considering the current state of interest rates on savings accounts, 2% is a pretty solid return. The Schwab Invest First Visa doesn’t have any limits on the cash back you can earn. It does offer bill pay but you can’t earn 2% on any of those payments. You’ll have to find another way to earn that percentage on your mortgage payment.

The interest rate sits at 9.99% plus prime. However, if you’re planning on grabbing this card for the 2% cash back, you should not be carrying a balance on this credit card.

There is no monthly fee. No catches and the card is backed by one of the most financially stable firms in the nation, Charles Schwab.