Discover Card 1% Cashback

**bobh33** · 05-31-2011, 06:36 PM

Just found out Discover card now only gives you one 1/4% cashback up to the first $3,000 each year. When did this start? Anyone have suggestions for another card with no annual fee and at least 1% cashback on all purchases with no limits?

**ISUAgronomist** · 05-31-2011, 06:41 PM

US Bank FlexPerks® Cash Rewards Visa® Card

http://www.usbank.com/credit-cards/flexperks-cash.html

**brianhos** · 05-31-2011, 06:50 PM

Originally Posted by bobh33

Just found out Discover card now only gives you one 1/4% cashback up to the first $3,000 each year. When did this start? Anyone have suggestions for another card with no annual fee and at least 1% cashback on all purchases with no limits?

I thought it was on the first $1,000 not $3,000?

**cyclonedave25** · 05-31-2011, 06:51 PM

Citi Dividend card. 5% cash back for the first 6 months, then 1% thereafter. No annual fee.
https://creditcards.citi.com/reward-programs/

**twojman** · 05-31-2011, 06:52 PM

I thought it was because I had Sam's Club Discover, I did not realize it was all Discover cards. I have had a pretty small cash back amount from Discover forever. I only use it at Sam's. I have a Visa through Charles Schwab that gives 2% cash back on all purchases. They deposit the money into your brokerage account though. You can withdraw it whenever.

**leroycyclone** · 05-31-2011, 06:52 PM

Originally Posted by bobh33

Just found out Discover card now only gives you one 1/4% cashback up to the first $3,000 each year. When did this start? Anyone have suggestions for another card with no annual fee and at least 1% cashback on all purchases with no limits?

It was 1-1/2 years ago that the 1% cashback was changed. It applies after a larger threshold is met.

Also, the cashback bonus credited to the account has to be in increments of $50, not the previous $20 increments. It takes longer to get the $50 credit towards the account. They want you to use gift cards instead.

Discover is accepted at fewer places too.

A MC I use just had it's cashback bonus changed. It was for cashback on car purchases. Now it's only for merchandise. I would think the auto companies stopped paying the rewards.

Another MC card was a Shell 5% cashback card 10 years ago and that was dropped in favor of a 1% for everything.

My ISU MC pays no rewards. The 1%, or whatever it is, goes to ISU instead. I don't know what ISU gets. It's not published.

My AMEX card rewards program just got more expensive per year. The annual fee is now $95 per year.

Do you think that the recent banking legislation in Congress had something to do with all of these changes? You bet it does.

**brianhos** · 05-31-2011, 07:00 PM

Yep, you are right:

You automatically earn up to 1% Cashback Bonus on all your other purchases. You will earn 1% unlimited Cashback Bonus on purchases after your total annual purchases exceed $3000; purchases that are part of your first $3000 earn .25%. Warehouse purchases (those made at select warehouse clubs, discount stores and their affiliates) earn .25%. We do not include warehouse purchases or 5% category purchases in calculating your total annual purchases.

**dmclone** · 05-31-2011, 07:28 PM

I've been happy with my Costco AmEx. The fee is the same as paying a yearly membership to Costco and I get cash back.

1% cash back
2% for travel
3% for dining and gas

**bobh33** · 05-31-2011, 10:32 PM

Any of the Capital One cards a legit 1% back with no gimics??

**BillBaxter** · 05-31-2011, 10:50 PM

Originally Posted by bobh33

Any of the Capital One cards a legit 1% back with no gimics??

Not capital one; but this is a very good card. 2% on everything and no annual fees. The rewards can be deposited in a Fidelity account, a Fidelity IRA or a Fidelity 529 plan.

Fidelity Rewards American Express® Cards

**BillBaxter** · 05-31-2011, 10:52 PM

Originally Posted by BillBaxter

Not capital one; but this is a very good card. 2% on everything and no annual fees. The rewards can be deposited in a Fidelity account, a Fidelity IRA or a Fidelity 529 plan.

Fidelity Rewards American Express® Cards

Forgot to mention, there is a visa card with 1.5% back up to $15,000 in purchases, then 2% thereafter.

Fidelity® Investment Rewards® Visa Signature® Card

**saf** · 06-01-2011, 07:34 AM

Chase Freedom

1% on everything, 5% on rotating categories (by quarter, always pertinent to the time of year).

**cycloneworld** · 06-01-2011, 07:38 AM

For Wells Fargo customers, their rewards program is pretty good on their credit/debit cards...1% back on all credit card purchases and 1/4% on all debit card transactions (when you run it as credit).

I also have a Royal Caribbean card that gave me 15,000 points ($150 of RC cash) for signing up and I get 1 point per $1 spent or 2 points per $1 spent with Royal Caribbean.

**jj-cyclones** · 06-01-2011, 07:43 AM

I am looking into getting a new credit card. I only use one at the moment with Wells Fargo and I am not happy with the "rewards program." I am pretty lost when it comes to picking the right card for me but seeing how I spend about $175 on gas each week I would like to think there is a better credit card out there and getting SOMETHING in return for giving my right arm everytime I fill the tank. Any suggestions?