unless you pay the balance electronically on the first day of what used to be your "grace period" for the next two months. yeah.

I've updated the OP with several things -

(1) Added PenFed thanks to gametalent

(2) Added Fidelity Investment Rewards MasterCard, which can give you 1.5% cash back deposited into a fidelity account. This is an excellent choice

(3) Updated the info to reflect the new terms of the AmEx BlueCash card. I've confirmed these new terms were in my recent card statement.

(4) Added USAA thanks to cirrus

Does anyone mind giving me some advice/ideas about credit cards for low-end spenders? I have been using my BofA Visa for a couple years. My credit limit is 3300 and my balance is $2K. Current rate is 9.24%
I like the convenience of being able to transfer $ between my BofA accts so easily, but myabe there is a deal worth switching for?

thanks!

The BankOne card is no longer available, since BankOne is becoming Chase. Here's a list of current Chase cards:

http://www.bankone.com/answers/BolAnswersC...editCards&item=

Here are their current cash back card offerings:

Chase Visa® Platinum Business Rebate Card
--no annual fee
--up to $35k credit
-- Earn a full 3% cash back** (maximum 20k worth of purchases)
You’ll receive 3% cash back for all business purchases you make at any of these types of stores.
• Restaurants • Office supply stores
• Gas stations • Building supply stores
• Hardware and home improvement centers

That's triple what you'd earn with an ordinary rebate card. And unlike American Express®, you don't have to shop at specific merchants to earn your largest cash rebate.

(not sure how they determine which stores qualify....)

-Plus, earn 1% cash back for everything else (no limit!)



BellSouth® Platinum Business MasterCard® with Executive Rewards

-same terms as Chase Business Rebate Card. It's just a MasterCard instead.




Chase Flexible RewardsSM Platinum Visa® Business Card

--1%, maximum cash reward redemption is $600 per calendar year.



Chase Flexible Rewards SelectSM Platinum Visa® Business Card

--1.5% maximum cash reward redemption is $600 per calendar year, but you can call in to waive $59 annual fee and switch to higher redemption levels?



Chase Platinum Visa® Business Card with Free Cash Rewards™
--1%, no limit?

Just a simple note on Discover. You can get 5% on both Gasoline (first$1500) & other (first $1500. ) By having 2 cards. One a Gas card & One a std. Plus card. They offerd it to me when I complained that the $1500 ran out too soon.
So Now I get $3000 per year @ 5% & that aint hay at these gas prices.

LOL

Thanks OP for the work



Oh please be carefull & pay em off each month or the interest will kill the "DEAL" & get you in deep!

My religion ( CHEAPNESS ) will not allow interest from a CCard

Cash back tiers for Blue Cash have changed.

Up to $2000 0.5% 0.25%
$2,001-$6,000 1.00% 0.50%
$6,001 - $50,000 3.00% 1.50%

Still a 50k cap.

Appears to be different terms for Amex Platinum Business Cash as well:

Cash Rebate
There is no limit to the amount of cash rewards you are eligible for. Your annual cash reward for purchases at OPEN SavingsSM is up to 5%. Your annual cash reward for all other purchases is up to 2.5%. Once your spending for the year exceeds $15,000, the cash reward for additional purchases at OPEN Savings is 2% and your annual cash reward for all other purchases is 1%.

I am filling out the app for the SB card right now.
Look at the space for Tax ID, it says: "(Not Required for Sole-Proprietorship)"

Obviously a sole proprietor doesn't have to have a business name or even be incorporated. So just write "sole proprietor" for "legal business name", and make sure you leave the business name on your card blank, so you don't look like a fool. If you wanted to look like a Fool you would get a Motley Fool card

Do you know what changed? It doesn't appear to be all that much different from the previous terms. Unfortuantely not appealing though because rewards are capped back to 1% (2%) after only 15k of spend.

yeah, but rewards are 2.5% before that. So good if you are not spending that much on that particular card.

MBNA is also changing to this policy (at least for my L.L.Bean card), along with shrinking the grace period from 25 to 20 days.

The other term on our L.L.Bean MBNA card that recently changed was the addition of this:I just noticed that the Chase Platinum Visa Business Card has it.

We go to Canada for skiing and this would basically wipe out part of the price incentive!

Don't get how the OP arrives at this figure, because as I understand it, at $13K of spending, your rebate would be $97.50 ($32.50 for first 6.5K + $65 for next 6.5K)

So now this card is not as good as before?
I think I spent 15K in the last two month already.

fixed, my math was off because I was still thinking of the old 1.5% tier.

The way VISA/MC charged for foreign currency conversions has completely changed. VISA/MC used to charge 1% on top of what your bank charged. The banks varied, some with 0% (MBNA) and some very high, as much as 5% or more. Now VISA/MC doesn't charge the 1%, it's rolled into the bank number. So you were always getting 1% on your LL Bean MBNA. But MBNA has upped it to 3% now for most of their cards, so that is an increase. I'm just trying to clarify it went for 1-3% for you, not 0-3%.

I've updated the OP adding most of the info from previous posts. I added a new CC, from National City, which has various "everyday purchases" tiers. The main highlight is 2% for restaurant and 3% for video rental purchases. Good for those two categories, although it's only 4% for gas (compared to 5% with other cards) and you need to get $100 in rewards before you get your cash back.

I updated the two business reward CCs that are in the OP. I did not add any of the new ones provided by wurlybird9 mostly because it's time consuming and there are so many business reward CCs, and also because I think the majority of people are interested in the regular CCs. I added a link to wurlybird9's post in the OP, and if anyone else wants to summarize business reward CCs I'll gladly C&P it into the OP or link to your post.

don't see a problem with the way you did that, it's fine.

I don't know why people wouldn't be interested in them though, when, as you stated in the OP, the definition of biz is loose.

Wait, that sounded bad. Sorry Biz

hey dewolf, could you add the MBNA Stockback card to the OP?
It's been mentioned in this thread.

I think perhaps the confusion was that there was originally a Chase Stockback card but it got discontinued.

I've seen a link here that reviews the MBNA stockback card, but I can't find a link to it on MBNA's website where I can look up the T&C. Can you find one for me? I don't get any results by searching "stockback" at mbna.com

www.stockback.com

Weird, there's no link to it anywhere on the MBNA site (at least that I can find).

OP updated to add this card.

Comments on the above:

The AAA Card is may still be available here https://wwwa.applyonlinenow.com/USapp/Ctl/r...sourceCode=UA5X. On the plus side, they credit the cash back on gas purchases directly to the card. On the minus, they changed the terms several months back, so that the "5%" on gas purchases (and only gas at the pump, not store items) is limited to the extent that the credit is less than 2% of the total card purchases that period. So, if you only use it for gas, you really only get 2% back. Not terrible, but "false" advertising.

The Chase Toys-R-Us card also includes 1% back for every dollar spent outside of their stores. But, you only get a Store certificate that cannot be redeemed for cash and if you return an item you don't get that portion of the credit back either.

For now, Citi® Dividend Platinum Select® MasterCard® is a good deal: 5% cash back on purchases at supermarkets, drug stores and gas stations, plus 1% on all other purchases ---but the downside: up to $300 per year, only when you have accumulated $50 or more and you must then request a check - but you can do it online without talking to a pushy sales rep.

Oh and BTW, that $300 limit is not so hard to reach: say you spend $500 per month between the supermarket and gas station. That's $6,000 per year, at 5% back there's your $300 max reward. See how sooner you'll reach the limit than the $30,000 spend on 1% purchases only. Leaves no room for any other purchases, so you'll need another cash back card for everything else. It's getting hard to keep track of what card is for what

Advanta Business Platinum with Cash Back (MasterCard) seems to have MUCH better rewards now with no "up to" wording but straight up 5% on: gas, office supplies, computer equipment, utilities, cell phone and Internet services and 1% on all other purchases. Anyone have good/bad experience with this card? I just applied, so I don't know if it's exactly no-hassle 5% back, but if it is, it's my new favorite CC.

Just read up on it, and it's $300 max in rewards, so $6,000 in purchases at 5% back or $30,000 at 1%.

Thanks LukFilm - OP updated with new info on the Advanta card.

Just noticed this card. Please let us know if it is good or not, Lukfilm! TIA.

Yes & AFTER that get a new Regular Platinum Card & get up to 5% on a separate $1500 & so on.

I am livin it up @ Red Lobster & other Darden locations $25.00 for $20.00 cashback & good food.

Now if I could jst get a good deal on Liposuction .... Yikes!

is this a good card to get:
1.http://www.universalcard.com/us/cards/ucs/compare_01.htm
the middle one with cash back?
2.http://citi.bridgetrack.com/usc/dividend/generic/div/default.htm?BTData=C02117A74667E6254514A4CABB0A1ACAB8B928C83F6E1E6F8291FB62&app=UNSOL&sc=4T4Z6LN5&m=3CJG000000W&langId=EN&siteId=CB&B=M&AID=10389691&PID=227502&BT_TX=1&ProspectID=686A44629E6B4DC48955400F6FD580E2
3. https://www.novusnet.com/cardmembersvcs/dis...PID=227502&SID=

if you have to pick one of the three cards, which one would yall choose from a bargaishares financial members. thanks for yall input.

I have about 20 credit cards and each one of them I use for different purpose so I maximize my rewards, i.e. Amazon VISA card only at Amazon.com (3% back), Circuit City VISA at Circuit City stores and online (5% back), Citi Dividend Rewards (5% back on gas, groceries, pharmacy), AMEX Gold on large purchases etc. So just grab a few specific credit cards and maximize their benefits.

If I could get only one, I would choose the CitiBank Dividend card. 5% back on groceries, gas, drugstores and 1% on everything else. That's a pretty nice deal for most people.

Agreed. Just keep in mind $300 limit on the rewards ($30,000/year in 1% category or $6,000 in 5% category).

if you have too many CC, doesn't that affect your credit score?

Depends. What matters is income to debt ratio, not how many credit cards you have. So if you have 20 credit cards with very low balances that you pay off every month, your credit score goes up. HOWEVER, if you have the same 20 credit cards with high balances (utilizing over 50% of your credit line), then it negatively impacts your credit score.

i have over $50k in credit (after this last batch of rewards CCs), and barely any yearly income (college student). since I only keep about 3-4k in debt on 0% CCs, and have never made a late payment, I have consistently watched my credit score go up.

moral of the story: you can have as many credit cards as you want as long as you pay your balance in full and don't take too much debt.

My new favorite business cashback card:

AMEX Platinum Business Premium Cash Rebate Card (the longest name ever )

* Earn 1% on OPEN Savings Participants or 0.5% on all other purchases… …when your year-to-date spend is $0-$20,000.
* Earn 5% on OPEN Savings Participants or 2.5% on all other purchases… …when your year-to-date spend is $20,000.01-$120,000.
* Earn 1% on OPEN Savings Participants or 0.5% on all other purchases… …when your year-to-date spend is more than $120,000.

No annual fees and rebate will be credited annually.

You must call 1-800-NOW-OPEN to apply or convert your existing card.

WOW, that is excellent. Thanks LukFilm.

there is good information

It sure is. I applied and was approved. Couple days later I got mail saying that on another application I was denied for Victoria's Secret credit card

I got this card a few month ago, I dont know if the rebate struture is different than this one . Is there anyway to check? The old struture is not as good as this one.

Have you tried calling and asking?

My favorite line when someone asks a question that only a CSR from the particular company can answer

Is there any good reward credit card for dining? It's not necessary being a cash back CC. I noticed that Citibank has Citi professional card. Is it good? link.

Lots of frequent flyer programs let you enroll your card in their dining program. They can be added onto any credit card, and can sometimes be pretty good. Often 5 miles per dollar spent at the restaurant. It's a good idea to do this regardless of the card you use.

The National City Everyday Rewards Elite Visa gives you 2% back at restaurants up to $750 in monthly purchases. Also 3% on movie rentals and movie tickets. See the OP for details.

I've heard of various promos from CitiBank, MBNA, Discover, etc that give you a large % back at restaurants (5-10%) for a limited time promotion, but I don't know of any that are permanently set at > 2%. Anyone else know?

EDIT: Or maybe get a card that lets you enroll in iDine (www.idine.com) and you can get a pretty large % back, but I think there's an annual fee. Worth it if you dine out a lot and your restaurants are on the list, though.

Here's a link to a Discover promotion through November - link

Transmedia/Idine has been replaced with Rewardsnetwork. Same basic deal, but many restaurants vary the rebate days or exclude weekends.

As to dining cash back cards, Amex-Costco: 3% hotels/rental cars, 2% restaurants, 1% everywhere else paid as an annual Costco credit check which CAN be redeemed for cash at the Costco service desk. And, yes, you use the Amex card with Rewardsnetwork and sometimes get away with using Restaurants.com certificates also.

Thanks for the information!

I applied for the National City Everyday Rewards Elite Visa and got approved. Hope they do not have resctriction on weekend dining.

Any one want to update the thread for AMEX-One card? They offer 1% cash back (to a savings account which yields 3.75%) and you have $25 sign-up bonus.

www.americanexpress.com/one

On the Amex-one page, it says "Fees may affect the earnings on the savings account." Anyone knows what they charge?

Updated the OP with the Amex One card. I don't know about their fees. Remember, the 1% reward you get is tax-free (it's a "rebate" on purchases and therefore is a reduction in cost rather than a taxable gift), but the interest you earn in the savings account will be taxable.