When you hear about a $150 sign-up bonus most folks say – YAWN! But there are a number of sweet no fee cards that you should consider holding (LEARN MORE about NO FEE cards HERE). One example of a card I love is the US Bank Cash+ card and not just for the tiny new card bonus. Why?
Unlike some cards that tell you what you can spend on and earn your 5% cash back, this card lets you choose what you want to earn on and I selected utilities for the this quarter’s 5% cash back reward (up to $2000 in spend). Also noteworthy is that in the past my local Indiana gas and electric companies charged a high fee to pay with a credit card but now one has dropped the fee and the other only charges $1.75 to process up to a $750 payment. I will be happy to prepay a number of months of service to get 5% cash back in my pocket!
Beyond this card there are any number of others like the Chase Freedom card that most can not get due to 5/24 but I also hold the Discover it® Cash Back that pays a similar 5% rotating quarterly bonus game (LEARN MORE about NO FEE cards HERE).
Another great reason to stock up on a number of no fee cards in your wallet, beyond the sweet rewards above, is having cards you can long term hold to improve your credit score as length of credit is one of the factors that will, over time, improve your credit score.
Bottom line is while I am all about points most of the time, I am happy to mix in good old cash back when I can at a sweet yield. What about you? What are your favorite no fee cards that you hold? – René