Tag Archives: Rewards

PenFed Credit Union Credit Cards

December 21, 2020Credit UnionIntro APR, No annual fee, Rewards, Sign-up offersLeonard Kreicas

PenFed Credit Union office building — Photo credit: PenFed Credit Union

PenFed Credit Union offers members four great credit card choices to fit their budgets.

PenFed Pathfinder® Rewards Visa Signature® Card features

50,000 bonus points credit after charging $3,000 on your new card within 90 days of account opening
4 times the points on all travel categories for members of the PenFed Honors Advantage program
Earn 3 points on all travel category purchases
All other eligible purchases earn 1.5 points per dollar spent
$95 annual fee

Power Cash Rewards Visa Signature® Card features

Generous 2% cash back on all eligible purchases for PenFed Honors Advantage Members
1.5% cash back on all eligible purchases for non-members
$100 bonus statement credit when you spend $1,500 with new card within first 90 days
No Annual Fee

Platinum Rewards Visa Signature® Card features

5 times the points on gas purchases paid at the pump
3 times the points on supermarket purchases
1 point per dollar charged on all other eligible purchases
$100 bonus statement credit when you spend $1,500 with new card within first 90 days
No Annual Fee

Gold Visa® Card features

0% introductory APR on balance transfers for the first 12 months
APR as low as 7.49% for qualified applicants
$100 bonus statement credit when you spend $1,500 with new card within first 90 days
No Annual Fee

Credit card users had numerous benefits cash purchases did not provide, such as:

Careful tracking of dates and prices paid
Zero liability on fraudulent charges
Identity theft protection
EMV Chip Technology
Contactless tap to pay on enabled terminals
Online banking from the convenience of your residence
Click to pay online (where available) with Visa’s smart and secure online checkout
Mobile banking from wherever you’re located
No need to worry about carrying or losing cash
Instant alerts on suspicious transactions
Paperless statements which cannot be lost
Secure Apple Pay feature

Credit Union membership is required.

A little-known additional feature is available to active duty members of the United States Military. They may be eligible for SCRA benefits, such as a 6% APR cap on credit cards. Note though, SCRA does NOT relieve cardholders from making credit card payments on time!

For more information on qualifying and features of SCRA visit saveandinvest.org

Chase Freedom Flex Credit Card

December 21, 2020BankChase, Intro APR, No annual fee, Rewards, Sign-up offersLeonard Kreicas

Chase Freedom Flex Credit Card offers a $200 signup bonus plus 5% cash back for rotating categories.

Sign up bonus

Get receive a $200 bonus after charging only $500 or more on Freedom Flex Card within three months of opening the account.

Zero percent interest introductory offer

Pay no interest on purchases during the first 15 months, although a minimum monthly payment needs to be made.

Extra rewards with 5% on rotating categories

Jan.1 to March 31
Wholesale clubs such as BJ’s and Sam’s Club (Costco does NOT accept Mastercard in-store), internet, cable and phone services, select streaming services ($1,500 maximum per quarter – then 1% rewards)
April 1 to June 30
Grocery stores, gym memberships and fitness clubs, select streaming services
July 1 to Sept. 30
Amazon.com, Whole Foods Market
Oct. 1 to Dec. 31
Walmart, PayPal

Other bonus categories

5% on travel purchased through Chase Ultimate Rewards
3% on dining, which includes fast food, takeout and delivery
3% on drugstore purchases

Other great features

No annual fee
No minimum to redeem cash back rewards
Rewards never expire as long as account remains open

Free benefits and services

Zero liability protection
24/7 Fraud monitoring never sleeps
Free cell phone theft or damage insurance
Purchase protection for 120 days (up to $500 per claim)
Extended warranty program
Trip cancellation/interruption insurance
Free credit score and identity restoration service

Discover It Cash Back Credit Card

December 20, 2020BankDiscover, Intro APR, No annual fee, RewardsLeonard Kreicas

discover-it-credit-card

Great Discover It 5% rebate categories starting January 1, 2021

From January 1 to March 31 Discover cardholders earn 5% cash back rewards:

Grocery stores
- stand alone point-of-sale terminals inside building
- Walmart grocery pick-up and delivery
- Target grocery isn’t eligible
- Convenience stores (7-11, Dollar Tree, etc.) and gas stations aren’t eligible
Walgreens stores or Walgreens.com
CVS stores or CVS.com

Rare opportunity: 5% cash back on gift cards
and Walmart.com grocery pick up orders.

There is a $1,500 max spend for the 5% rebate program. Amounts over that get only 1% rewards, which limits the extra cash back to no more than $120 per quarter. But that can add up to a bonus of $480 for the first year.

New Account Incentives

Get 0% financing on all your purchases for 14 months from the date of account opening to help spread out the bill for a large purchase, plus the rewards.
For new account holders Discover matches cash back rebates at the end of your first year, that’s up to 10% cash back (limits apply).

Note: if the account is closed before 12 billing cycles complete, there will be no match.

How to redeem your rewards

Statement credit no minimum amount to qualify
Direct deposit to your bank account
Use on purchases at Amazon.com
Buy featured gift cards with $5 added to certain ones, e.g. a Dell $50 gift card can obtained with only $45 cash rewards
Donate to participating charities

Discover it Credit Card Benefits

Get cash over your purchases, up to $120 per purchase every 24 hours, without ATM fees, at select retail locations, such as Food Lion, Harris Teeter, Walmart

24/7 U.S. based customer service
Should you lose your card, you can freeze your account in seconds with an on/off switch with the Discover App on your smartphone or the discovercard website
$0 fraud liability guarantee on unknown purchases
Free monthly FICO scores to monitor your credit rating
Text alerts on account activity
Free Social Security number and new account alerts in case of unauthorized access
Automatic payments available so you never miss a payment
Paperless statement option
Year-end expense report and summary

The fine print (subject to change)

Annual fee: $0
No interest if balance paid in full with 25 days
Regular purchase APR 11.99% to 22.99%
Fee for balance transfer: 5% ($5 min)
Fee for cash advance: 5% ($10 min)
Fee for foreign transaction: 0%
Fee for late payment: $0 first time; $40 after that
Fee for returned payment: up to $40
Fee for going over credit limit: $0

ABOC Credit Card – Union Strong and Platinum Rewards MasterCard Review

October 26, 2020RewardsIntro APR, No annual fee, Rewards, Sign-up offersLeonard Kreicas

Union Strong Credit Card

“For almost a century, the Bank has designed deposit and credit services exclusively for union workers in the automobile, building trades, clothing and textile, communications and graphic arts, hotel and restaurant, mechanics, public service and general service, steel and iron, transportation industries, and more.”

Now available to a wider audience Amalgamated Bank of Chicago (ABOC) credit card program offers competitive rates and benefits to people who would prefer not to deal with big banks. Its two similar credit cards differ in their non-introductory Annual Percentage Rates (APR) and introductory Balance Transfer (BT) terms.

ABOC Union Strong Credit Card

The Union Strong Mastercard® currently charges an APR of 9.25% after the introductory period ends. The APR may change depending on market conditions.

The Union Strong credit card also offers an 0% APR on balance transfers for first 18 billing cycles. Balance transfers don’t receive any reward points and a 3% fee is added upon transfer.

ABOC Platinum Rewards Card

aboc credit card platinum rewards

The Platinum Rewards credit card currently charges an APR of 12.90% to 22.90% depending on credit history. The APR also will fluctuate in step with on market conditions.

There is no special deal on balance transfers for new accounts.

Introductory Offers for ABOC Credit Cards

Get a generous sign-up bonus of $150 as a statement credit after opening a new account, but only when $1,200 is charged on the new card within 90 days of approval.

Pay no interest on purchases for the first 12 billing cycles. Monthly minimum payments are required to keep the account in good standing.

Comparing bonus 5x reward categories

ABOC, Chase Freedom Flex and Discover It® each offer 5x rewards for select categories on a rotating basis. From January 1 to March 31, 2021 eligible purchases for bonus points include:

ABOC Platinum Rewards Mastercard®

Groceries
Fitness clubs
Hospitals
Pharmacies

Discover It Cash Back

Groceries (includes Walmart grocery pickup & delivery)
Walgreens
CVS

Chase Freedom Flex

Wholesale Clubs (Mastercard not accepted for Costco in-store purchases)
Internet, cable and phone services
Select streaming services

Rewards and savings for ABOC credit cards

1% Cash Back on eligible purchases
No Annual Fee
Zero-interest for 25 days before payments are due for purchases paid in full after the promotional period.
Rewards include choice of statement credits, travel, gift cards, merchandise
Points never expire as long as card remains in good standing
No foreign transaction fees

Purchase and travel benefits include

No fee for additional cards for authorized users
Mastercard® zero liability on unauthorized transactions
Extended Warranty doubles your original warranty up to 1 additional year (conditions apply)
Price protection refunds the difference if you see an item advertised for less within 60 days of purchase.
Identity Theft Resolution Services provides one-on-one support in the event your identity is compromised.
MasterAssist^® provides pre-trip planning assistance, help with lost luggage and more.
Master RoadAssist^® Roadside Services provides help in the event your car breaks down while traveling in the U.S.
$1 Million Travel Accident Insurance.
Security chip offers enhanced protection when used at chip-enabled terminals.
Make mobile purchases with Android Pay^TM, Apple Pay^TM and Samsung Pay.

Pay down any high-interest credit card balances by making purchases on ABOC credit card during the 0% APR introductory purchase period.

CREDIT CARDS

Choose the right credit card for you