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Is the TD Cash Back card a good card?
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p
Is the TD Cash Back card a good card?
t
I don’t have experience with that but it never gets recommended on any credit card sites I’ve seen. Why are you considering it?
n
Is that one of the 2% cashback on everything? It seems like one of the group of cards in that arena. No amex extended warranty, etc. if you care about such things.
t
Wells Fargo Active Cash has unlimited 2% as well if that’s what you’re mostly looking for. Double Citi Cash also. It’s up to your goals and purpose of having a credit card. But like I said, it’s never in anyone’s top cards to have lists
n
Citi has a caveat Half the points are at the time of payment Relevant for 0% APR offers But yeah, they're all basically the same
t
Ya I can’t speak to the Double Cash. I never got it. You like to use it though right @nutritious-raincoat-28876 ?
m
I'm a big fan of the Citi double cash
n
It's my backup for when someplace doesn't take amex and I have another for tzedaka, where I don't need amex protection. I think they were first to market with 2% cash back, but I like having amex as my primary. I use Citi custom cash for groceries. 5% back, but a little more complicated than that
p
They sent me a pre approved card offer
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It is 3% cash back on favorite category, 2% on second, and 1% on third. No caps and no limits. 0% Intro APR on balance transfers and $200 cash back if one spends $500 in 90 days
m
Can you tell us more about what favorite category means?
Are the limits for the cash back percentage? Like up to XYZ.
p
Unlimited 3% cash back on favorite category
There are 5 categories: Travel, Gas, Grocery Stories, Entertainment, and Dining
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n
Meh 3% on gas is easy You can do better on groceries Dunno about the other categories - I don't spend much on them For everything else, 1% is terrible
p
I already have Amex and Citi Cash Back
Do I really need any other cards?
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m
The 6 percent grocery amex card and Citi double cash are enough
p
I have that. The Citi double cash is underrated
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f
So if someone wants a cash back card without having to keep track of categories, what would you recommend?
m
I recommend those two. Use the Amex for groceries and gas and then Citi double cash for everything else
If using two cards is too hard, just get the Citi double cash.
n
6% grocery amex is capped at $6k spend
m
Yeah. Then switch to Citi double cash after that
t
I’m also a fan of the Wells Fargo active for 2%. Why don’t you recommend that one @mysterious-tomato-10057 ?
b
6% grocery amex is capped at $6k spend
Factoring in the $95 Annual fee makes it less than 5%
n
Yup That's why I use custom cash (5% no fee), but it has to be done carefully
b
@nutritious-raincoat-28876 what Amex do you use for return protection? I use the 6% back on groceries even if it’s not ideal because the return protection benefit makes it worth it for me but would love a no fee option if it exists.
n
@bright-restaurant-33087 none - I think they pulled that from all their fee-free cards. Based on how infrequently I used that and the rewards programs and fees, I decided it's not worth it 🤷‍♂️
b
Got it. I got $42 back today so that's about half the annual fee already covered.
n
Right, so I'm getting 5% back on groceries with Citi custom cash, so the marginal increase to 6% isn't worth it. Also, Citi points are worth more than a penny, so it's probably pretty close 6% cash back
n
3% on groceries with no cap is not bad, if you don’t want to switch cards and keep track of grocery spending as to when cap was reached.
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