Credit Card Forum
  1. #1
    Centurion Member Cucumber's Avatar
    Join Date
    Apr 2008
    Location
    Zuma
    Posts
    596

    Exclamation Is there an American Express card that gives 2% cashback?

    I was at dinner and a family friend was saying their American Express credit card gives 2% cash back. I've never heard of a card that gives 2% on every purchase. They're millionaires so they may have the Centurion card but I haven't heard of that giving you any rewards programs that gives you 2% rewards?

    Seems pretty high, I know there's 1% and 1.25% but if there's 2% on all purchases I'd love to know which card it is.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  2. #2
    Centurion Member fffresh's Avatar
    Join Date
    Apr 2008
    Location
    the edge of the world
    Posts
    440

    Default

    There's a card out by HSBC called the "Weekend Card" or something that gives you 2% cashback on Saturday and Sunday only. Seems pretty ridiculous to me. So you're going to have a card you'll only use on weekends? Or you'll only make your purchases on weekends because that's when you can get the 2% cashback? haha
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  3. #3
    Green Member
    Join Date
    Apr 2008
    Location
    Green Bay
    Posts
    11

    Default Amex Platinum Express Cash does

    The American Express Cash Rebate Platinum card gives you 2% cash back if you spend enough. For $0-$2,000 it's 0.25%. $2001-$5,000 = 0.50%, $5001+ = 1.50%, and then a Revolve Bonus 0.50%. The thing that sucks though is the cashback is only given out once a year in February. I's a good card if you'll with with that though.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  4. #4
    Green Member
    Join Date
    Apr 2008
    Location
    FLORIDA
    Posts
    6

    Default

    does the american express platinum card automatically give you that rebate or do you need to sign up for their 'membership rewards' to get it? not that i would qualify for or can afford an amex platinum, but am curious
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  5. #5
    Centurion Member fffresh's Avatar
    Join Date
    Apr 2008
    Location
    the edge of the world
    Posts
    440

    Default

    I forgot about the American Express Blue cash card. That one doesn't give you 2% but it does give you 1.5% after you spend something like $6000 or $6500 annually. Not a bad idea if you're a big spender. It would take me probably half a year to spend that much so it wouldn't work for me.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  6. #6
    Centurion Member & Moderator Mogul of Pineapples's Avatar
    Join Date
    Jun 2008
    Location
    Smogland
    Posts
    1,400

    Default Schwab Bank Invest First Visa Signature credit card

    Review of this card anyone? It's the new cashback credit card Schwab announced today that will give 2% cashback on all purchases. The negative is that you will need a Schwab brokerage account in order to get the card and your cashback/rewards will be credited to your Schwab brokerage account only. The card does not offer any higher rebates on other categories. I believe this is the only other credit card with 2% cashback on all purchases.

    In my opinion though this is not a good deal when you really look at it. The difference between 2% cashback and 1.5% cashback which the Amex Blue Cash offers is only $5 more in rewards per $1,000 in spending. Meanwhile the Blue Cash is giving 5% on gas, groceries, drugstores. When you look at spending dollar for dollar, the spender with the Blue Cash only has to spend $100 per month total at gas/grocery/drugstore to get an extra $5 a month in rebates. So unless you spend absolutely no money at all on gas, groceries, and drugstores then there is no point in having the Schwab First Invest Visa card.
    Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed. Regardless, anything I say is my honest opinion.

    Current Cards:
    American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
    Primary Everyday Card: American Express Blue Cash
    Primary Travel Card: Citi Thank You Premier
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote