MyCardBlog

From low fees to frequent-flyer miles: 7 credit card will give you something back.

1. Household/Orcahrd Bank Platinum Card with 2% Cash Back

Both cards can give you 2% cash back for everything! Yes, it’s true. They are much better than those cards with only 1% cash back. If you have one of these card, your minimum cash back is 2%. You can selectively use this card and other cash back cards to achieve better cash back rate. Actually, both Household Bank and Orchard Bank are owned and operated by HSBC Bank. HSBC is new in the credit card market. Their targeted consumers are those with low credit scores but have the ability to pay their debits. Previously, this card can is by invitation only. If you receive an mail invitation to apply for this credit card, you are guaranteed to get approved. But you have to make sure that there’s a “2% cash back” in your invitation letter. Recently, Household Bank is promoting the visa version. You are allowed to have one master card and one visa card. Online application site is www.hbaccept.com (for those received the invitations).

2. Blue Cash from American Express

Once you’ve charged $6,500 in a year, you can get 5% back on grocery, drugstore and gas purchases and 1.5% on everything else vs. 1% for the average cash-back card. (Below $6,500 you earn 0.5% to 1%). Blue credits the cash to your account automatically, so you don’t risk leaving rewards on the table. As stated at the very beginning, the power of the Blue Cash Card appears when you spend more than $6,500 in this card in a year. In a word, this is a for those big spenders. Another feature worths mention is this card offers 4.99% APR for balance transfer for life! if you are short of cash, you can borrow money from this card. The 4.99$ APR is much lower than those payday loans.

3. Discover More Card

The most attractive part of this card is it offers 5% cash back on selected categories which are changing every quarter. plus Discover is working to offer better cash back rewards program for its newly launched ShopDiscover Rewards Program. You can also get about 5%~15% for shopping through ShopDiscover. The other feature is the low fee balance transfer offer. Not many issuers still offer 0% interest for 12 months on balance transfers. Discover does. Plus, it caps its balance-transfer fee at $75 vs. $99 or more at other banks. You’d better pay off all your balance before the introductory period expires, but even if you can’t or don’t, the interest rate is not that terrible: It starts at a respectable 10.99%.

4. Starwood Preferred Guest Card from American Express

This is a great hotel rewards card for those who want to get rewarded for free hotel stays. The minimum points you need to redeem for a free night stay at Starwood Hotels is 2,000 points. The sign-up bonus for this card is 10,000 points. You can redeem for an Amazon.Com gift certificate for only 9,000 starpoints. The gift certificate will be shipped to you via UPS next day air. (super quick!!!) You can also transfer those starpoints to other rewards programs like AAdvantage miles.

5. Citi PremierPass Card-Elite Level

You earn one point for every dollar charged, plus a point for every mile you fly. (Note: miles can not be redeemed as ThankYou points before your spending match the miles.) You can double your points at supermarkets, drugstores, gas stations, commuter transportation and parking merchants. Redeem points for plane tickets on any airline; you won’t face blackout dates and restricted seats. If your spending can match your fly miles. You can redeem those fly miles to thankyou points. That’s why this card is best is best to buy flight tickets. The rate starts at 10.24%. Recently this card is offering 20,000 sign-up bonus after 4600 in purchases are made with 3 months of account opening.