invisible

Hello everybody,

Very short - I have 800 on my experian/equifax credit score. Next 6-10 month I anticipate appx USD $3000 per month expenses in overseas currency.

I currently have Chase Sapphire and Ink Plus credit cards. While Sapphire allocates 1 points per dollar, would like to know what are other options, if any, on market either via mileage or cashback options. However I am not ready to pay $450 and more annual fee for such card.

Thanks

time_stamp

Edit, with a better idea of what you are looking not sure my suggestion was helpful.

84fiero

There are a ton of such cards. Nowadays just about every annual-fee-bearing major rewards card has eliminated FTFs (there aren't too many no-annual-fee rewards cards with no FTF). Generally there are those with AFs amounts similar to your CSP card and the more "premium" cards with AFs of several hundred bucks (though those are often offset by other card rewards/benefits that may or may not be of use to you).

The first question is if the spend would be in any category that receives a category bonus earning multiplier with some cards? The second, related question is what rewards program would be most beneficial or of interest to you? That would help narrow down advice. Otherwise there are just too many options to give meaningful recommendations to you.

invisible

Thanks for quick and insightful replies.
According to Chase, after several of such charges, they fall into ""POI Funding Transactions(Excluding MoneySend)" MCC category. Now, I think there will be no card awarding bonus points in such category, but at least it earns 1 points with CSP with $1 spent.
Cashback would useful as well, if there is an option to earn more than 1% cashback with the above mentioned MCC/category which I doubt....

Probably points which can be transferred to United miles. I don't accrue points/miles for any hotel stays and don't fly domestically in US.
I think if I can get Chase Business Ink card, and get 80k points after $5000 spent, it would be the best possible option, but I don't know if I would be qualified for Business Ink card, considering that I already have Chase Sapphire and Ink Plus, but I've had then for years...

mia

Do you mean you will be purchasing currency with the card, -or- do you mean that you will be making purchases of goods or services denominated in another currency? Many cards do not offer rewards on purchases of currency, but much depends on how the merchant processes the transaction.

invisible

Latter, it will be a payment for services which is charged in foreign currency.

It is done via an automated kiosk several times per week due to the fact that max amount of transaction is about USD $100 , but you can do unlimited number of transactions.

As I said, once they are posted they are getting this MCC category according to Chase customer support, despite the fact that in the statement the category is marked as 'shopping'... Go figure...

yugi

Altitude Reserve + Samsung Pay, or if kiosk accepts NFC, you can also use Google/Apple Pay. You will get 4.5% on all in-person purchases.

invisible

That's something really useful information. Let me try.

guv1976

You can only get an Attitude Reserve card if you have a pre-existing banking relationship with US Bank (i.e., a US Bank deposit account, or another US Bank credit card, such as the Radisson Rewards Visa card).

invisible

Well, I can open checking account first, can't I?

Edit: did some research/reading. $400 annual fee is steep, but if I can really get return on mobile payments and combined with $25000 in Money Market account with 2.5% return, it might worth a try...

mia

I do not see this rate on US Bank's website. Can you link to it, or explain how to navigate to it?

invisible

This is strange, or NOT strange if one thinks... Yesterday, when I was on the site, it asked for ZIP code for premium checking. I entered and displayed 2.6% APY.

Today, it shows me 0.01% APY and the section for 25000 or more deposit is gone.

Edit. Here it is
https://www.usbank.com/bank-accounts...t-savings.html

mia

It would be atypical for a full service bank to offer a savings account rate that high. It is a plausible CD rate.

Diplomatico

My offer for the Platinum Select Money Market Savings account, from following that link and entering my zip code, was:

"Until June 12, 2019, in select areas, open a new U.S. Bank Platinum Select Money Market Savings account and receive an introductory bonus Annual Percentage Yield (APY) of 2.25% for up to 12 months from the date of account opening. The 2.25% APY will be applied to balances in your account when you maintain a balance at or above $10,000."

guv1976

The AR's $400 annual fee is really a $75 annual fee, given that US Bank automatically credits the first $325 of travel that you charge to the card.