<p>Hi!
We would like suggestions on the best no-fee credit card with cash rewards that we can let D be an additional user on. We pay the balance in full every month and have never paid a late or finance charge/fee.</p>
<p>Look at the Chase Freedom card. It lets you use the points in many ways, including cash back. For example, we have an Amazon card and the Freedom one also lets us get Amazon gift certificates but also other things. All the cards pay at the same rate - basically 2500 points = $25. </p>
<p>Check out points.com too. Many cards allow you to trade points on that site. We used AMEX points to get Amazon money that paid for a tv from Amazon, not from the AMEX shopping site.</p>
<p>I don’t know if this is the best, but I use a Fidelity World Points Visa which will redeem 5000 points for a $75 deposit in a Fidelity 529 or brokerage account (1.5%). I run everything I can thru that account - including tuition - and get a month’s float to boot.</p>
<p>If you’re looking for travel rewards, AMEX has a blue card that gives you 1.5% in points rather than 1%; 7500 points gives you a $100 credit on travel expenses charged to the AMEX card. And this is one that has no fee.</p>
<p>Schwab has a no-fee Visa that deposits 2% into your Schwab cash account. You need a Schwab brokerage account to get the card, though. It also has no foreign transaction fees (one of few cards that can claim this), so you save 3% on all foreign currency transaction. I was able to add D (age 20) to my card.</p>
<p>^^^The Schwab card is highly recommended from what I’ve heard and is a card i’ve been looking into getting.</p>
<p>My parents and I (19) like the PenFed Visa Platinum Cashback Rewards. It gives 5% back on gas, 2% on groceries, and 1% on everything else. Rewards are credited right back to the statement each month. They are known for having pretty strict qualification requirements, but if you pass them, rates on other loan products are pretty good.</p>
<p>USAA Federal Savings Bank, great customer service too</p>
<p>I vote:</p>
<h1>1 Schwab visa… great return and great no fees (and they have a special card for DD)</h1>
<h1>2 USBANK visa… with REI 3% back REI, 1% back on anything.</h1>
<h1>3 Costco American Express… 3%back Costco and travel, 2% back some stuff, 1% back everything else. … I used to know the % returns but since we got the Schwab, I’ve let it go. AMex for travel, schwab for everything else.</h1>
<p>none have annual fees or charges if you pay off the balance. </p>
<p>And if those are not available to you… get thee to a credit union. Their fees are usually less and their interest rates lower.</p>
<p>for you points quoting people . . . </p>
<p>how many points do you ean for each $100 spent?</p>
<p>I get the redemption ratios, but without the earning ratios . . .</p>
<p>thanks</p>
<p>Kei</p>
<p>esobay, I have 2 of those cards. The % back on REI purchases has gone up to 5%, it is still 1% on everything else. Costco Amex is 3% cash back on gasoline and restaurants, 2% on travel, and 1% on everything else. Both of those cards only pay out once a year. </p>
<p>I also have a Chase Cash Rewards that give 3% on groceries, but only up to spending $400 a month, and a Citibank that gives 2% on groceries, drug stores, and gas that I use when I have hit the $400 on the Chase. Those 2 pay out after I hit $50.</p>
<p>^^mamab
Thanks. I was lazy about looking up the %.</p>
<p>The other thing to mention is that none of those cards have a limit on what you can earn back. I’ve seen cards that say up to $200! … </p>
<p>If you have a high limit and charge a major surgery you get back enough $$ to make the guy at the register eyes POP when you go to cash your REI check! </p>
<p>I never collected on the points system. All they seemed to be worth was junk I didn’t want and travel we could not use. I like money.</p>
<p>And getting the lump sum from costco and REI at the end of the year somehow is not as satisfying as seeing the schwab deposit every month. Why is that?</p>
<p>I should note that although I recommended the Schwab card above, I just applied and it arrived in the mail this week. So I haven’t even been through a billing cycle yet, so if there are any “gotchas”, I may not have encountered them yet. Sounds like esobay has had hers longer, though.</p>
<p>Since “points” cards were mentioned above, I have also been very happy with my ChoiceRewards Visa. No fee, Choice hotel points - - which is great when we want to go away for a weekend, or traveling to college, etc. They have a lot of hotels in varying price ranges, and I have had good experiences at almost every one I have stayed at… just stay away from the one closest to Dulles, had a bad stay there last year :(</p>
<p>I also used to have an REI Visa, but after about 5 years, once I acquired most of what my little heart desired (gear pod for top of car, nordic racing skis, and a nice bike for D2), I felt like I really didn’t need or even really want $500 worth of stuff from them a year, which is how much I was earning. The last year I had it I went to the store and got cash for most of it - - they gave me $400 in 20s :)</p>
<p>Capital One has good ratings on Consumer Reports.</p>
<p>We chose it because it has no international fees, so we always use it on trips (the only such card we could find - most have 4% fee on every purchase!)</p>
<p>The Costco card gives you rebate check you can use at Costco. It comes attached to one of your monthly statements. It is not cash.</p>
<p>In terms of service, I’ve received many more calls and emails from Chase about iffy uses of my card. They called me when my daughter used her card in a little town in Canada. They called me when she moved to LA and used the card at a gas station. They sometimes call with automated messages asking me to approve a transaction. I don’t get those from the other issuers, which include BofA - which is fine on the phone. I have no idea how you value that.</p>
<p>Costco will give you cash for your rebate check if you go to Customer Service (tho you may have a wait in line). May look into a Capitol One credit card.</p>
<p>The Costco AmEx card works well with us. And yes, you can just take the check in and tell them you want cash for it - you don’t need to spend the rebate at Costco. The downside is that not all retail establishments accept AmEx.</p>
<p>Yep, took my $300+ rebate into Costco and cleaned out the register drawer getting cash back. And REI will send a check for the rebate also, just not until June or July following the year you earned it. I have had my REi card for a long time, and it has a huge credit limit, so I keep it. Same reason I keep my LL Bean card - $20,000+ credit limit, and the free shipping (and returns!) on LL bean orders. I don’t use it often, just enough that they don’t threaten to cancel on me.</p>
<p>I second (third) everyone who says that Costco will give you cash for both Costco and Costco Amex rebate checks, but you have to go to one of their stores to cash your check.</p>
<p>
Generally, it’s 100 points per $100 spent. At least it is that way with my AMEX Blue, Citibank UPromise card, and Discover. No fees for any of them.</p>
<p>We also have a Capital One for foreign travel - as noted, no “foreign transaction fee.”</p>
<p>BTW, for any of you whose students are going abroad, Citibank does not charge ATM fees for non-Citibank ATMs abroad on their student checking acounts. Others do.</p>