Best Interest Rates on Cash – October 2017

percentage2

Interest rates are slowly waking up from their multi-year slumber. Don’t let a megabank pay you 0.01% APY or less for your idle cash. Here is my monthly roundup of the best safe rates available, roughly sorted from shortest to longest maturities. I focus on rates that are nationally available to everyone (not restricted to certain geographic areas or specific groups). Rates checked as of 10/2/17.

High-yield savings accounts
While the huge brick-and-mortar banks rarely offer good yields, there are many online savings accounts offering competitive rates clustered around 1.0%-1.2% APY. Remember that with savings accounts, the interest rates can change at any time.

  • The Mega Money Market accounts of both Redneck Bank and All America Bank (they are affiliated) are paying 1.50% APY on balances up to $35,000. Note that amounts over $35,000 earn only 0.50% APY.
  • Other sample top rates: DollarSavingsDirect at 1.40% APY, CIT Bank at 1.35% APY up to $250k, Synchrony Bank at 1.30% APY, Goldman Bank at 1.20% APY, and UFB Direct at 1.41% APY ($5k min).
  • I’ve experienced the “bait-and-switch” of moving to a new bank only to have the rate lowered quickly afterward. Until the rate difference is huge, I’m sticking with a Ally Bank Savings + Checking combo due to their history of competitive rates (including CDs), 1-day interbank transfers, and a overall user experience. I also like the free overdraft transfers from savings that let’s me keep my checking balance at a minimum. Ally Savings is at 1.20% APY.

Money market mutual funds + Ultra-short bond ETFs
If you like to keep cash in a brokerage account, you should know that money market and short-term Treasury rates have inched upwards. It may be worth the effort to move your money into a higher-yielding money market fund or ultrashort-term bond ETF.

  • The Vanguard Prime Money Market Fund currently pays an 1.12% SEC yield. The default sweep option is the Vanguard Federal Money Market Fund, which has an SEC yield of 0.98%. You can manually move the money over to Prime if you meet the $3,000 minimum investment.
  • Vanguard Ultra-Short-Term Bond Fund currently pays 1.46% SEC Yield ($3,000 min) and 1.57% SEC Yield ($50,000 min). The current average effective duration is 1.0 years.
  • The following bond ETFs are not FDIC-insured, but if you want to keep “standby money” in your brokerage account and have cheap/free trades, it may be worth a look. The PIMCO Enhanced Short Maturity Active Bond ETF (MINT) has a 1.58% SEC yield and the iShares Short Maturity Bond ETF (NEAR) has a 1.60% SEC yield while holding a portfolio of investment-grade bonds with an average duration of ~6 months. More info here.

Short-term guaranteed rates (1 year and under)
I am often asked what to do with a big wad of cash that you’re waiting to deploy shortly (just sold your house, just sold your business, legal settlement, inheritance). My standard advice is to keep things simple. If not a savings account, then put it in a short-term CD under the FDIC limits until you have a plan.

  • Ally Bank No-Penalty 11-Month CD is paying 1.50% APY for $25,000+ balances and 1.25% APY for $5,000+ balances. The CIT Bank 11-Month No-Penalty CD is at 1.45% APY with only a $1,000 minimum deposit and no withdrawal penalty seven days or later after funds have been received. The lack of early withdrawal penalty means that your interest rate can never go down for 11 months, but you can always jump ship if rates rise.
  • Advancial Federal Credit Union has a 6-month CD at 1.63% APY ($50k min) and a 12-month CD at 1.78% APY ($50k min). If you don’t otherwise qualify, you can join with a $5 fee to Connex Professional Network and maintaining $5 in a Share savings account. Via DepositAccounts.

US Savings Bonds
Series I Savings Bonds offer rates that are linked to inflation and backed by the US government. You must hold them for at least a year. There are annual purchase limits. If you redeem them within 5 years there is a penalty of the last 3 months of interest.

  • “I Bonds” bought between May and October 2017 will earn a 1.96% rate for the first six months, and then a variable rate based on ongoing inflation after that. While that next 6-month rate is currently unknown, at the very minimum the total yield after 12 months will around 1% with additional upside potential. More info here.
  • In mid-October, the CPI will be announced and you will have a short period where you will have a very close estimate of the rate for the next 12 months. I will have another post up at that time.

Prepaid Cards with Attached Savings Accounts
A small subset of prepaid debit cards have an “attached” FDIC-insured savings account with high interest rates. The negatives are that balances are capped, and there are many fees that you must be careful to avoid (lest they eat up your interest). The other catch is that these good features may be killed off without much notice. My NetSpend card now only has an eligible balance up to $1,000.

  • Insight Card is one of the best remaining cards with 5% APY on up to $5,000 as of this writing. Fees to avoid include the $1 per purchase fee, $2.50 for each ATM withdrawal, and the $3.95 inactivity fee if there is no activity within 90 days. If you can navigate it carefully (basically only use ACH transfers and keep up your activity regularly) you can still end up with more interest than other options. Earning 4% extra interest on $5,000 is $200 a year.

Rewards checking accounts
These unique checking accounts pay above-average interest rates, but with some risk. You have to jump through certain hoops, and if you make a mistake you won’t earn any interest for that month. Rates can also drop quickly, leaving a “bait-and-switch” feeling. But the rates can be high while they last.

  • Northpointe Bank has Rewards Checking at 5% APY on up to $10k. The requirements are (1) 15 debit card purchases per month (in-person or online), (2) enrolling in e-statements, and (3) a monthly direct deposit or automatic withdrawal of $100 or more. ATM fees are rebated up to $10 per month.

Certificates of deposit (greater than 1 year)
You might have larger balances, either because you are using CDs instead of bonds or you simply want a large cash cushion. Buying finding a bank CD with a reasonable early withdrawal penalty, you can enjoy higher rates but maintain access in a true emergency. Alternatively, consider a custom CD ladder of different maturity lengths such that you have access to part of the ladder each year, but your blended interest rate is higher than a savings account.

  • Advancial Federal Credit Union (see above) has increased their rates a bit since last month, with their 18-month CD at 1.96% APY ($50k min) and a 24-month CD at 2.04% APY ($50k min). The early withdrawal penalty is 180 days of interest.
  • Ally Bank also has a 5-year CD at 2.25% APY (no minimum) with a relatively short 150-day early withdrawal penalty and no credit union membership hoops. For example, if you closed this CD after 18-months you’d still get an 1.64% effective APY even after accounting for the penalty.
  • Hanscom Federal Credit Union is offering a 4-year Share Certificate at 2.50% APY (180-day early withdrawal penalty) if you also have Premier Checking (no monthly fee if you keep $6,000 in total balances or $2,000 in checking). HFCU also offers a 3% APY CU Thrive “starter” savings account with balance caps. HFCU membership is open to active/retired military or anyone who makes a one-time $35 donation to the Nashua River Watershed Association.
  • Mountain America Credit Union has a 5-year Share Certificate rate at 2.60% APY ($5 minimum) with a 365-day early withdrawal penalty. Anyone can join this credit union via partner organization American Consumer Council for a one-time $5 fee.

Longer-term Instruments
I’d use these with caution, but I still track them to see the rest of the current yield curve.

  • Willing to lock up your money for 10+ years? You can buy certificates of deposit via the bond desks of Vanguard and Fidelity. These “brokered CDs” offer the same FDIC-insurance. As of this writing, Vanguard is showing a 10-year non-callable CD at 2.65% APY (Watch out for higher rates from callable CDs.) Unfortunately, current long-term CD rates do not rise much higher even as you extend beyond a 5-year maturity.
  • How about two decades!? Series EE Savings Bonds are not indexed to inflation, but they have a guarantee that the value will double in value in 20 years, which equals a guaranteed return of 3.5% a year. However, if you don’t hold for that long, you’ll be stuck with the normal rate which is quite low (currently a sad 0.10% rate). You could view as a huge early withdrawal penalty. You could also view it as long-term bond and thus a hedge against deflation, but only if you can hold on for 20 years. Too long for me.

All rates were checked as of 10/2/17.


Premier High Yield Savings

Amazon Prime: Spend $25, Get Free Caramel & Cheddar Popcorn

amazonpop

Amazon Prime members who spend $25 or more can now get a free bag of Sweet ‘n’ Cheesy Popcorn Mix, Caramel & Cheddar. The page for a free bottle of Amazon Elements vitamins is still up, but readers report the code coming back as expired. Many readers have reported that you can get the deals multiple times (with a separate $25 order) even if you have gotten it before.

To redeem, you must add $25+ worth of products that are sold by Amazon.com or Amazon Digital Services LLC to your cart. Amazon gift cards don’t qualify, but the a $25 physical gift cards from Whole Foods, Starbucks, or Panera Bread should work.

Next, add the bag of Amazon-branded Chicago Mix popcorn, which appears to just be a private label version of the caramel and cheddar popcorn made by G.H. Cretors. (That brand is available at Costco, which I have tried and liked.) You should see the popcorn charge removed.

Tomorrow App: Free Will & Trust, Optional Term Life Insurance

tmrwapp0The newly-launched Tomorrow app brings estate planning to your smartphone. The app includes software that will guide you through the creation of a legal will and trust for your family, and it makes money by also selling term life insurance (which you can use to fund your trust). You can use the free will and trust feature on its own and buy life insurance elsewhere. More press at TechCrunch.

The ready-to-sign wills are legal in 47 states (AK, LA, NC coming later). Here’s a diagram from their website:

tmrwapp

Is this an adequate replacement for an estate lawyer? Estate planning is strange because it is so important, but people always procrastinate about it. Nobody wants to think about death. Meeting a lawyer can be intimidating and potentially expensive. So while you could argue about what is best, most people have nothing. Is it a positive to have free will & trust software that fits many situations, making it more readily available for the public? Can it provide a positive start to a conversation with family? I think so. Are there cases where an estate lawyer would create a better product customized to your personal situation? Certainly.

Here’s what The Consumerist (owned by Consumer Reports) had to say about other DIY will-making software back in 2011:

Our wallet-watching cousins at the Consumer Reports Money Adviser newsletter took a look at three DIY options for will-making — LegalZoom, Rocket Lawyer and Quicken WillMaker Plus — and found that while all three are better than not having a will, none of them is likely to meet the needs of anything more than the most basic of estates.

I’ve always been a little disappointed with legal software products when they say “we are not a law firm and this is not legal advice”. Okay, they probably have to say that. But really, if they are explicitly providing you with a ready-to-sign will and trust (and historically charging a fee for this service), then aren’t they… kinda… providing you legal advice? I certainly don’t understand it all on my own.

I did download the app and poke around for a bit. I liked the mobile-friendly Q&A format (similar to tax prep software), but as I’m not a lawyer I don’t know about quality or whether it covers the proper scenarios.

Competition. There are many established legal software websites that will guide you through the creation of a will and trust for a fee. For example, the LegalZoom Living Trust package includes a living trust, will, financial power of attorney, advanced medial directive, free revisions, and review from an independent attorney for $299. Willing.com currently offers a basic will for free (no minor children), but their cheapest package that includes a revocable trust also runs $299. A traditional local lawyer will certainly cost more than that, closer to $1,000 and up.

It appears that Tomorrow hopes to subsidize this cost by encouraging you to buy optional term life insurance from them. I think this is a reasonable idea (assuming its not too hard of a sell) as term life insurance is also one of those things people regret not buying until it’s too late. Comparison sites like PolicyGenius life insurance quotes are helpful because premiums are the same no matter which broker or website you buy it from. That means Tomorrow can’t mark up the price.

Our family already has a will & trust set up in-person with traditional lawyers. We bought term life insurance years earlier. On the other hand, I did use a software service to form my business (S-Corporation vs. LLC). Motivating myself to finish our estate plan was hard but I’m definitely glad we did it. I recommend getting something down in writing and starting the conversation, no matter which way you choose to do it.

SlingTV: Buy 2 Months, Get Free Indoor HD OTA Antenna

winegardSling TV streams live cable channels over the internet, with bundles starting at $20 per month. They have added some new promotions to help you add local HD broadcast channels via an OTA Antenna and a AirTV streaming box which integrates everything together to feel like a traditional cable box. No switching inputs back and forth.

  • Free Winegard FlatWave Indoor Amplified Antenna when you prepay two months of Sling TV. For as little as $40, you’d get 2 months of Sling TV and an antenna that costs $53 on Amazon.
  • Winegard Flatwave Indoor Amplified Antenna and AirTV Bundle for $70 when you prepay three months of Sling TV. The AirTV bundle costs $130 direct, but comes with $50 in Sling credit.
  • AirTV Bundle (Box + Adapter) for $50 when you prepay three months of Sling TV.

I hadn’t heard of the AirTV box before ( Wired review), but it strikes me as a time machine product. You can get live cable TV and old-fashioned channel surfing for about $20 to $30 a month. Both the product and price point feel like 1995. Sling TV has added cloud DVR recording on selected channels (no Disney/ABC/ESPN) for an extra $5 a month.

Alternatively, there is a product called Tablo that is a DVR with software designed to record OTA channels. Both AirTV and Tablo offer easy OTA channel lookup tools to see what is available in your area.

Amazon Prime Restaurants: $10 off $20 Minimum Order

az_restAmazon Restaurants is a restaurant delivery service open to Prime members. Enter your ZIP code too see if what restaurants are available in your area. They claim to deliver in an hour in most cases. Alexa skill available. What a world we live in.

Get $10 off your first order of $20+ with promo codes 10EATNOW or AMAZON10. With a $20 minimum order, the delivery fee is usually $4.99. Right now, delivery is free for $40+ orders. Tipping is optional but be aware there is a default value set during checkout.

Fandango Movie Tickets: Buy 1 Get 1 Free (3D/IMAX) – Sold Out

(Update: Sold out.)

Fandango has been offering the equivalent of Buy 1 Get 1 Free movie tickets on weekends when you use Visa Checkout and promo code DEALSTHATCLICK9. Limited quantities, otherwise runs from 9/22 to 9/24/17. Technically, you have to buy 2 tickets and one of them will be free. Up to $25 value so 3D/IMAX/etc should work, and the convenience fee is also waived for one ticket. Perhaps in response to pressure from MoviePass, which doesn’t include 3D/IMAX?

fan_b1g1

Museum Day: Free Tickets Nationwide On Saturday, September 23, 2017

museum_day_generic

This upcoming Saturday! Museum Day Live! is an annual event hosted by Smithsonian magazine in which participating museums across the country open their doors to anyone presenting a Museum Day Ticket for free. This is in following the spirit of Smithsonian Museums, which offer free admission every day.

Registration is now open for Saturday, September 23, 2017. Find participating museums here. Request your ticket here. One ticket per valid email address. Each ticket provides general admission for ticketholder plus one guest. You must pick the specific museum during the ticket request process, and then download a PDF to print out as your ticket.

There are some cool museums around us that now cost $25 for adults and $10 for children, so this can be a significant savings depending on the size of your family. (Two adults can register, and that would allow four total people. Kids can also get their own tickets in case you bring along more people.)

Don’t forget to add the event to your calendar! I’ve probably forgotten about this half the times that I’ve registered.

Also see: Bank of America’s Museums on Us Program.

Robinhood: Free Share of Stock for New Users – Estimated Value

rh_freestock

Robinhood is a sleek smartphone app that’s a brokerage account with unlimited $0 trades with no minimum balance requirement. They’ve been around for a few years now and I’ve been impressed that they’ve kept up the free trade business model, partially by recently rolling out premium paid features. I enjoy the minimalist and intuitive interface.

Right now, if you a referred by an existing user you get a free share of stock. The existing user also gets a free share, so thanks if you use it! As I write this, that share is randomly selected from a pool of “widely-held companies”, which includes Apple ($158), Facebook ($172), or Microsoft ($75). Too bad they don’t offer Berkshire Hathaway Class A shares ($274,000). Okay, but there are also shares of companies that are worth $1 or less.

What share value should I expect? Here are screenshots from my phone showing some odds:

rh_freestock3 rh_freestock2

For some reason they try to use the World’s Smallest Fine Print™, but here are selected details from their FAQ:

The stock bonus is one share selected randomly, when the bonus criteria are met, from Robinhood’s inventory of settled shares held for this program. When shares are purchased into this inventory, Robinhood purchases shares from the three to four companies representing the highest market capitalization in various ranges of share prices between approximately $3 and $175, limited to those companies that are widely held among Robinhood accounts. There is an approximately 98% chance of the stock bonus having a value of $2.50-$10, an approximately 1% chance of the stock bonus having a value of $10-$50, and an approximately 1% chance of the stock bonus having a value of $50-$200, based on the price of shares at the time of purchase. The Robinhood platform displays approximate odds of receiving shares from particular companies at the time the screen is generated. These odds do not necessarily reflect the odds of receiving stock in those companies at the time the stock bonus is awarded.

So… basically 98% chance of getting something $10 or less, and 2% chance of something higher. This means the weighted average share price can’t be more than ten bucks.

By the way, you can cash out your bonus by selling after 2 days and withdrawing your balance after 30 days:

Limit one offer per qualified referral with a maximum of one account per referred client. Stock bonus will be credited to the enrolled account within approximately one week after the bonus is claimed. Stock bonuses that are not claimed within 60 days may expire. Shares from stock bonuses cannot be sold until 2 trading days after the bonus is granted. The cash value of the stock bonus may not be withdrawn for 30 days after the bonus is claimed.

Bottom line. The Robinhood “Get Free Stock” promotion is clever and it certainly appeals to the hopeful gambler within us with a $200 potential value, but most people are likely going get a share of stock valued at $10 or less. (Don’t sell it and wait 30 years – see what happens!) I would just treat as a fun game if you otherwise want to be able to trade stocks for free on your smartphone. Robinhood is a good value on its own, see my full Robinhood review.

Sign up for Robinhood and get your free share here, and I’ll report back on any shares that I win.

Bank of America Premium Rewards Card Review – 50,000 Bonus Points

bofa_premium225After some sneak peaks and rumors, the Bank of America® Premium Rewards® Credit Card is now officially live. This card is a new addition to Bank of America’s rewards card line-up, and the question will be if the added benefits outweigh the $95 annual fee. This card also participates in the Preferred Rewards program, which gives you better rewards if you give BofA more of your business. Here are the highlights:

  • 50,000 point sign-up bonus ($500 value) after making $3,000 in purchases in first 90 days of account opening.
  • Earn 2 points per dollar spent on travel and dining purchases.
  • Earn 1.5 points for each dollar spent on all other purchases.
  • Reward points can increase by 25 to 75 percent on each purchase for clients enrolled in the bank’s Preferred Rewards program.
  • Up to $100 annual airline incidental statement credit for qualifying travel purchases such as seat upgrades, baggage fees, in-flight services and airport lounge fees.
  • Up to $100 airport security statement credit towards TSA-Precheck or Global Entry Application fee, every four years.
  • No foreign transaction fees.
  • $95 annual fee.
  • No limit to earning points, and points don’t expire.

Tips on qualifying for Preferred Rewards. The Preferred Rewards program is designed to rewards clients with multiple accounts and higher assets located at Bank of America banking, Merrill Edge® online brokerage, and Merrill Lynch® investment accounts. Here is a partial table taken from their comparison chart (click to enlarge):

bofa_pref1

Bank of America’s interest rates on cash accounts tend to be much lower than highest-available outside banks, so moving cash over to qualify may reduce your interest earnings. Pass. Merrill Lynch advisory accounts also usually come with management fees. Pass. However, if you have brokerage assets like mutual funds and ETFs, moving them over to Merrill Edge may actually reduce your costs because at the Platinum and Platinum Plus levels they will actually give you 30 to 100 free online stock trades every month.

A couple years ago, I did a partial transfer of a little over $100k of brokerage assets (Vanguard funds) over to Merrill Edge to qualify for Platinum Honors. (You could also do $20k to qualify for Gold, or $50k to qualify for Platinum.) I should mention it may take a while for your “3-month average combined balance” to actually reach the $100k level and officially qualify for Platinum Honors. Only after that will the 75% rewards bonus on credit card rewards kick in.

(Side note: Stack this offer with their Merrill Edge brokerage sign-up bonus.)

I realize not everyone will have this level of assets to move around, but if you do then it is worth considering. Both Platinum and Platinum Honors levels allow you to reach tiers that effectively give you over 2% cash back on all purchases. Here’s are the cash back rates after the Preferred Rewards bonuses:

  • Platinum Honors (75% bonus): 3.5% cash back on travel and dining, 2.625% cash back on all other purchases.
  • Platinum (50% bonus): 3% cash back on travel and dining, 2.25% cash back on all other purchases.
  • Gold (25% bonus): 2.5% cash back on travel and dining, 1.875% cash back on all other purchases.

Rewards comparison. This card has a more flexible rewards structure than their BankAmericard Travel Rewards card in that the points don’t have to offset a travel purchase. You can redeem at a flat 1 point = 1 cent value towards a statement credit or deposit into eligible Bank of America or Merrill Lynch® accounts (including deposit, investment or 529 accounts).

Getting a flat 2.625% (Platinum Honors) or 2.25% cash back (Platinum) on all purchases is a very solid base earning level. In terms of the competition, there are now multiple cash back cards in the 2% cash back range such as the Citi Double Cash Card with no annual fee. That means I wouldn’t bother with this card for everyday purchases if I wasn’t Platinum or Platinum Honors.

Also note that you can also earn similar levels of everything rewards (minus the travel/dining bonus category) but restricted to offsetting a travel-related purchase with the BankAmericard Travel Rewards card – except with no annual fee. The question then reverts back to if you can offset that $95 annual fee with the $100 annual incidental airline credit good towards seat upgrades, baggage fees, in-flight services and airport lounge fees. (Do I pay that much in baggage fees every year? Sadly I did this year.) If you can get max value out of that airline incidental credit every year, then that removes the major disadvantage when compared to the BofA Travel Rewards card. You can then enjoy the added perks like the $500 value sign-up bonus, $100 Global Entry/TSA PreCheck credit once every 4 years, and the higher rewards on travel/dining bonus.

Bottom line. The Bank of America Premium Rewards Credit Card is rather average in basic form, but is elevated into an excellent card if you can qualify for the Platinum or Platinum Honors tiers of their Preferred Rewards program for up to 3.5% cash back on travel and dining and 2.625% cash back on all other purchases. The $500 initial sign-up bonus is nice, but note the the $95 annual fee is not waived for the first year. Consider your ability to use up the $100 annual incidental airline credit.

5% Cash Back Credit Cards: Rotating Categories Update 2017

5percentback Activation for 4th Quarter 2017 is live. The credit cards below offer a hefty 5% cash back on categories that rotate each quarter. It takes a little extra attention, but I also rack up over a hundred dollars in additional rewards per year without changing my spending habits. You can also buy gift cards with the 5% back now but spend the gift cards later.

None of these have an annual fee, so it costs me nothing to keep them around. New cardmembers may also get an upfront sign-up bonus.

Chase Freedom VisaChase Freedom Visa – $150 Cash Bonus

From October 1st through December 31st, 2017 you can earn 5% cash back on up to $1,500 spent in the following categories:

  • Walmart (includes SuperCenters, Walmart Neighborhood Markets, Walmart.com, and Walmart branded gas stations operated by Walmart)
  • Department Stores (includes JCPenney, Kohl’s, Macy’s, Nordstrom, and Nordstrom Rack)

chase_2017q4

Enroll each quarter at ChaseBonus.com. As long as you activate by the end of the quarter the rewards are retroactive. All other purchases earn 1% back, with no tiers or expiration of rewards. Technically, you earn Ultimate Rewards points which can also be converted to frequent flier miles instead of cash. Currently, the Chase Freedom card is offering $150 bonus cash back if you sign up and make $500 in purchases in your first three months.

Discover it 14 ImageDiscover it® Cashback Match

From October 1st through December 31st, 2017 you can earn 5% cash back on up to $1,500 spent in the following categories:

  • Amazon.com
  • Target

Amazon.com purchases include those made through the Amazon.com checkout, including digital downloads, Amazon.com gift cards, Amazon Fresh orders, Amazon Local Deals, Amazon Prime subscriptions and items sold by third party merchants through Amazon.com’s marketplace. Target purchases include any purchase made online or in-store at Target and SuperTarget.

disc_2017q4

Enroll after logging into your online account (look on the right-hand side). 5% rewards won’t apply until after you activate your rewards, so it is best to activate now before you forget.

If you are a new applicant and sign up via my Discover Card referral link, you will get a $50 Cashback Bonus after your first purchase within 3 months of being approved. You will also get Cashback Match for an entire year – a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically. That means for the first year your 5% cash back purchases becomes 10% cash back, and your 1% cash back purchases become 2% cash back. Plus, at the end of the year that $50 sign-up bonus will also be doubled to $100.

You can verify all this on the application page by clicking on “See rates, rewards and other info” and looking for this text:

TERMS OF CASHBACK BONUS OFFER: Get a $50 Cashback Bonus after you make your first purchase within 3 months of being approved. Promotional award will be applied within 8 weeks. The promotional award is in addition to the Cashback Bonus earned on all purchases.

Cashback MatchTM: If your account is closed or no longer in the cash back reward program at the time we calculate your potential award, your cash back will not be matched. You’ve earned cash back rewards when they have posted to your account by the end of the 12th consecutive billing period. This promotional offer may not be offered in the future. This exclusive offer is available only to new cardmembers.

usbankcashplusU.S. Bank Cash+ Visa Signature Card. This card unique in that you get to choose the two 5% cash back categories every quarter, out of a preset selection of niche categories like “Fast Food” or “Department Stores”.

You also get to choose a single 2% cash back category from a preset selection of broader categories like “Gas Stations” or “Grocery Stores”. 1% cash back on everything else. No limit on total cash back earned. However as you see below getting 2% is not that special, so this card is only really good if you spend significantly in the available niche categories. Importantly, you must remember to choose your categories each quarter, even if they stay the same! If you do not choose your categories, all purchases revert to only earning 1% cash back for that quarter.

5% Cash Back at Amazon. Get 5% back at Amazon.com all year long with the Amazon Prime Rewards Visa Signature Card. Prime membership required.

Don’t settle for the “1% on everything else” that these cards offer. Get 2% cash back or higher. The following cards currently have the ability to offer cash back rewards as high as 2% or even greater. Please read my card-specific reviews for details.

Free 100 Air Canada Aeroplan Bonus Miles

aeroplanlogo

New offer. Even small amounts of bonus miles can be handy as Air Canada requires activity every 12 months to prevent Aeroplan miles expiration. Give some feedback on a short video at get 100 bonus Aeroplan miles.

100 bonus miles will be credited to your account in the next 6–8 weeks.

Amazon Prints Promotional Code: 50 Free 4×6 Photo Prints + Free Shipping

azprints

New code for 50 free prints. Amazon Prints is offering another round of 50 free 4×6 photo prints, with free shipping for Prime members. Use promotional code FREE50PRINTS by September 17, 2017 11:59pm PT. This current code should work again even if you already got 50 free prints using a previous code. Supposedly the actual printing is done by Snapfish.

Amazon Prime Photos includes unlimited online photo storage, plus 5 GB for videos and files. These free prints are a little push to get you to upload your photos with Amazon instead of Google, Apple, Facebook, Shutterfly, etc.