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Comment by jenamety | Hacker News Reader

this 2%. nerdwallet for help. I have yet to see anyone beat the 2% back other than bonus signons - but those are 1 time and on a 2-3 year horizon go with 2%.

Fidelity has a 2% one as well that deposits cash into a fidelity investment account vs CapOne where you have to apply points to other transactions to utilize the full 2% back (and CapOne redemption only applies to certain Merchant Category Codes... FYI Timeshare/Rental in Orlando for a week is not redeemable by CapOne and is not the same MCC as a Hotel)

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The CapOne 2% business card is called Spark Cash and doesn't have the redemption restrictions that you're describing (I think you may be thinking of their Venture card or another personal travel card). The only two downsides to the Spark card (in comparison to the Fidelity cashback card or Citi double cash) are that applying for it likely dings you in all 3 major credit reports (as opposed to just one like most cards) and also that it carries a $59 annual fee after the 1st year.

My startup has a spark card and being able to get the amazon gift cards as the 2% bonus was great, but unfortunately for some reason amazon gift cards are no longer available as one of the gift card options. Had to start getting home depot and target cards instead :/.

If you're considering personal cards, USAA has 2.5% cash back on everything if you have a bank account + $1000/month direct deposit with them. http://usaa.com/limitless (limited to certain states)

You can only do that if you qualify for USAA though which means you need to be:

Active, retired and honorably separated officers and enlisted personnel of the U.S. military.

Officer candidates in commissioning programs (Academy, ROTC, OCS/OTS).

Adult children of USAA members who have or had a USAA auto or property insurance policy.1

Widows and widowers of USAA members who have or had a USAA auto or property insurance policy.

>I have yet to see anyone beat the 2% back other than bonus signons

USAA is currently market testing a 2.5% CB card in some states - http://www.doctorofcredit.com/usaa-limitless-credit-card-rev...

Personal, non-business card, military and family only.

thanks for the link! great site i'll have to chekc it out further.

http://www.doctorofcredit.com/usaa-limitless-credit-card-rev...

from that doctorofcredit.com URL:

"This card would be your best option for non-category spend (apart from the Discover it Miles, that offers 3% cash back for the first year). Obviously this is a loss leader for USAA, but they would be trying to make that money back on the checking account that requires the $1,000 direct deposit. Most other financial institutions have used bank account bonuses instead, but Fidelity also loses money on their 2% card but still come out ahead as cardholders have larger Fidelity deposits than non-cardholders. I suspect USAA will need to add some limits to this card to make it sustainable, but the limited membership might make this unnecessary."

Doctor of Credit is the only worthwhile credit card/bank account/money saving blog to follow. The rest of them collect commission from referrals and it shows from their content, for example advertising a small sign up bonus for the AMEX Platinum when there was a much larger bonus available and pimping Chase cards hard. The doctor has a strict no referral policy to stay neutral and provide the best content.

The Limitless card is pretty much a market test at this point and not an established product.

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