Comments on: Unconfirmed: Emigrant Direct Drops Cash Back MasterCard

By: Daniel

Daniel — Thu, 22 Jan 2009 05:19:54 +0000

Hum.. What if I have $5k on deposit and charge $20K to my CC? In this case, the benefit I get from higher savings rate will not compare to the benefit I get from higher CC cash back rate. Additionally, earned interest is taxable, but cash back $$$ is not.

By: Anonymous

Anonymous — Wed, 21 Jan 2009 17:34:07 +0000

smartypig pays 3.25% on savings and is SIMPLE and QUICK to set-up. Why leave $10,000 hostage at a bank just to keep a cash back card?

I transfered all money here and use my USAA cash back mastercard which pays 1.25% which does not require any money be held hostage in their bank to get it.

By: Eddie

Eddie — Sun, 25 May 2008 03:20:52 +0000

I think the following is optimal:

EmigrantDirect MC: Mon-Fri (1.4-1.5%)
HSBC Weekend: Sat-Sun (2%)
Capital One Visa: Mon-Sun – gas stations and grocery stores (2 % + 25 % bonus = 2.5 %)
Capitol One Visa: Mon-Sun – if on travel outside the USA in non-USD based countries (1.25 %). Other cards add 2-3 % for international transactions.

but I don’t think it’s worth the weekends for non-grocery/gas to have one extra card. On 10,000 dollars (on the weekends!) annually it’s 50 bucks difference to carry an extra card.

By: Hello

Hello — Wed, 07 May 2008 17:40:00 +0000

Check out 2% cash back Discover card available at Sam’s Club.

Best card I’ve ever had.

I keep a 1.25% Capital One Visa as a back-up for the occassional place that doesn’t take Discover.

Good luck to all!

By: Jim

Jim — Fri, 25 Apr 2008 02:36:55 +0000

Here’s the email (below) that I got back for clarification (except for the word miles?? in the email, it sounds like the first person I talked to at Juniper/Barclays was misinformed). Call off the dogs, the deal is basically the same as it always was. Sorry for the confusion.

In the interim, I did sign up for a card from HSBC called the Weekend Card which offers 2% unlimited cash back on anything charged on the weekends, 1% on the weekdays, so I’ll be using the weekend card for the weekends and the Emigrant Card for M-F. Since I’ll only be using the Weekend Card on the weekends, it should be pretty simple to figure out if HSBC has their act together figuring out what transactions were made on the weekends but posted on Monday. I’ll let you know how the experience goes and would be interested to know from anyone if you are consistently getting your 2% cash back.

————————– email from Juniper rep below ———————
Dear Jim,

Thank you for contacting us regarding your Emigrant Direct MasterCard account.

Our records indicate that your account receives 1.5 % for the first $10,000.00 miles and then 1.4 % on all charges after the first $10,000.00. Keep in mind, the 1.4 % is not capped off at a certain amount.

Please be advised, we will have the benefits and rewards brochure sent on 04/24/2008.

If you should have any other questions, please reply to this email or contact us at the number listed on the back of your card.

Sincerely,

Lowan Davis
Relationship Manager

By: Patrick

Patrick — Mon, 21 Apr 2008 03:45:32 +0000

See the fine print in your mailing, or Comment #3 above, which are both correct. The new ED World Elite Card is 1.5% cash back on the first 10K of spend, and then 1.4% thereafter. In that sense it is a stronger cash rewards program than the original. The only real catch is that you have to spend at least $35K per calendar year on the card, or they can kick you out of the program.

By: Ed

Ed — Sun, 20 Apr 2008 03:18:27 +0000

I’ve been a big user of ING and ING’S Electric Orange. But I am being tempted by Igobanking.com.

Has anyone used Igobanking.com and what have you liked or disliked about it. How does it comapre to ING?

By: John

John — Sat, 19 Apr 2008 23:13:27 +0000

This is NOT true! The new card, which I’ve had for a week already, gives you 1.5% cash back for the first $10,000 and then 1.4% cash back thereafter. It is a BETTER deal than the original – for the first 10k.

By: Eric

Eric — Sat, 19 Apr 2008 20:20:03 +0000

Don’t forget other options like Citi cards and even the Discover More card.

By: BenG

BenG — Sat, 19 Apr 2008 19:31:58 +0000

Sounds like its time to go check out the other two popular cash back cards. Amex Blue Cash is my personal favorite. Not only do you get a great cash back program, you also get the additional Amex consumer protections and warranties that go above and beyond your typical Visa or MC.

The other major option out there is the Chase Freedom card.