Reward Card
Wednesday, July 28th, 2010Does anyone know of a reward program credit card with automatic deposit of tickets to a bank account or investment?
My old credit card used to pay 1 percent of all charges automatically to my investment account that I specified. Then, the bank was acquired by Bank of America, which quickly put an end to this program. I was unable to find a new credit card who do the same thing for free. Can anyone help me? American Express One card will be 1 per cent deposit in a savings account, but they charge an annual fee to be pretty eats all the interest that you would do with the account. Another disadvantage of American Express, is that it is not accepted with the greatest number of retailers such as Visa and Mastercard. Fidelity Investment Rewards Visa Signature has a program Card that allows you to convert points to cash in their investment account, but it is not automatic. You must remember to manually connect and choose this option for your reward points and other options. I need something automatic, otherwise I always fail to invest.
When I use my credit card Emigrant Direct I get cash back deposited into my savings account I have with them online. The interest rate on the savings account is great, no fees or minimum balance. No annual fee for the card either.