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-   -   Cashback cards - anyone tried already? (https://www.englishforum.ch/finance-banking-taxation/290895-cashback-cards-anyone-tried-already.html)

Jaceq 24.03.2019 13:35

Cashback cards - anyone tried already?
 
Hi guys, I saw there is a new offer for credit card: https://www.cashback-cards.ch/en/

Offer looks really interesting, there are no yearly fees and you get a cash back on your purchases (1% on American express and 0.2% on Visa / MasterCard).

Card is issued by swisscard (which is a subsidiary of Credit Suisse) so a known player on the market...
I am tempted to switch from my current cumulus CC. Also it seems that you get a 2-card set. (one Americal Express and Visa or MC).



Any obvious problems with this offer??

yarpen 15.12.2020 03:05

Re: Cashback cards - anyone tried already?
 
Quote:

Originally Posted by Jaceq (Post 3054947)

Any obvious problems with this offer??


Did you try it? The offer looks really interesting, and now they even offer 5% cashback for the first three months. Looks too good to be true, when compared to 0.3% cashback on Migros Cumulus.

kri 15.12.2020 06:54

Re: Cashback cards - anyone tried already?
 
The 1% looks good but it's on the American Express which is hard to use in Europe I find.

Foreign transaction free is 2.5% compared to 1.5% on Coop Credit card.

It seems like there is no insurance with it as opposed to the Coop one that has a small travel insurance on it.

The 5% for the first 3 months is capped at 100CHF.

Mx2000 15.12.2020 09:03

Re: Cashback cards - anyone tried already?
 
I am very happy with my Cornercard with 1.5% cashback. During the summer and in special campaigns, they doubled the cashback to 3%. The yearly fee of the card is easily covered by the cashback, and insurance, concierge and lounge access etc. is included

https://www.cornercard.ch/

About the offer above, I don't think it is worth it really, for the cashback. As someone mentioned, most of the cashback is from the American Express card which is difficult to use. Try the calculator, with a monthly spending of 1000 Fr on the Visa card, you only get 24 Fr back at the end of the year.

HickvonFrick 15.12.2020 10:37

Re: Cashback cards - anyone tried already?
 
Quote:

Originally Posted by Mx2000 (Post 3251348)
I am very happy with my Cornercard with 1.5% cashback. During the summer and in special campaigns, they doubled the cashback to 3%. The yearly fee of the card is easily covered by the cashback, and insurance, concierge and lounge access etc. is included

https://www.cornercard.ch/

About the offer above, I don't think it is worth it really, for the cashback. As someone mentioned, most of the cashback is from the American Express card which is difficult to use. Try the calculator, with a monthly spending of 1000 Fr on the Visa card, you only get 24 Fr back at the end of the year.

Amex can be used in both migros and coop and most big chain shops.

I use the Swiss cashback Amex for c. 50% of my spending. Despite having zero links to the US I use a 0% fx US credit card (HSBC Premier) for my visa spend - which is available if you earn more than the Englishforum minimum wage and gets you 1% - albeit I have to revolut the CHF to USD to pay the bill.

The cornercard 1.5% offer is decent, but with a 500 chf annual fee you'd have to spend 33k annually on the card to break even, over 40k to beat the free coop card and probably c. 100k to beat my combination.

That said the lounge access would quickly pay for the extra cost if you are a regular traveller though - so nice find. Probably the first offering I've seen in Switzerland that's competitive with my arrangement. I certainly prefer it to the Amex platinum.

Does it get the whole family into the lounge like Amex platinum or just you?

Mx2000 15.12.2020 10:57

Re: Cashback cards - anyone tried already?
 
I am thinking that the 500 Fr annual fee is covered by insurances alone and the lounge access. I am not a very frequent traveler but some drinks and some light food every time I fly (I can bring one guest) always adds up to some money saved. Which is good, the more I eat, the more money I save :) And I have some business expenses that adds a lot to my spending and I keep the cashback of course.


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