Review: The Motley Fool Credit Cards

motley-fool-credit-cardNOTE: These credit cards have been discontinued. See “What’s the best credit card for me?” to help you choose a different credit card.

Investing Web site The Motley Fool offers 3 credit cards through Pentagon Federal Credit Union (known as PenFed). (Note that The Motley Fool basically covers your costs to join PenFed, so you can easily get any of these cards even if you are not currently a member of the credit union.) Our overview / review of each card is below:

  • The Motley Fool Platinum Cash Visa gives you 5% cash back on Motley Fool purchases, 3% on gas purchases and 1% everywhere else.  The card has a 13.99% interest rate, which is fairly good in today’s market. Overall, the cash back formula is comparable to other cards on the market, unless you are a regular Motley Fool buyer. A nice perk: no international transaction fees. Apply here.

  • The Motley Fool Travel Rewards American Express Card gives you 5 points per dollar on airfare purchases, 3 points per dollar on Motley Fool purchases, and 1 point per dollar everywhere else. Points translate into cash that you can use toward travel purchases. While the card doesn’t offer significantly more than other travel credit cards, there’s no annual fee and no foreign transaction fee, and a good 13.99% interest rate. Go here for application.
  • The Motley Fool Promise Visa is all about the interest rate. You get a 7.49% interest rate for the first 3 years, then an APR that varies with the prime rate and is currently 9.99%. The card also does not have “penalty pricing” — meaning your interest rate will not go up if you make late payments. A good card only if a low interest rate is very important to you, as there are no rewards or extras with this one. Apply here.