Posted by William Charles on November 7, 2015
Credit Cards

Published on November 7th, 2015 | by William Charles

9

FNBO Offering New 2% Cashback Card “BucksBack” + Our Review

Reader Brenton T let us know that the First National Bank of Omaha is currently offering a 2% cash back card on all purchases. The card is called BucksBack and you have until December 31st to apply, but the 2% cash back offer runs for the life of the card (or until/if it gets devalued).

fnbo 2 percent bucksback review

Contents

Card Positives

Card Negatives

  • Only people in the following states can apply: Colorado, Illinois, Iowa, Kansas, Nebraska, South Dakota, Texas
  • Must redeem in minimum increments of $25
  • No sign up bonus
  • Points/cash back expires after three years (first in, first out)
  • No longer offer flexible spending limits (FNBO stopped offering this on August 1st, 2015)
  • Seem to be inquiry sensitive and usually pull Experian

Our Verdict

In my mind the negatives outweigh the positives with this card, the low APY is great but you should be paying your balance in full anyway. I still think the American Express Fidelity card is vastly superior to both this and the Citi Double Cash card for the reasons I’ve outlined in this post.

It is interesting that more card issuers think that they can still turn a healthy profit and offer 2% cash back (especially with an APR this low) I just wish they’d also offer a sign up bonus. It’s also probably only a matter of time until one of these cards has no foreign transaction fees as well to help keep the card top of wallet.



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Josh M
Josh M

I get mailers for a crappy 1% FNBO amex card all the time even though I dont live in the states mentioned in your post.

stvr
stvr

Interestingly enough, the Fidelity Amex has such a low FTF (1%) that the rewards still outweigh the costs when used abroad.

Chucks
Chucks

As always it’s compared to what. A debit card? The BOA travel rewards, quicksilver or Discover It miles card would all trump it, to name a few.

CtownBin
CtownBin

To me, the appeal of this card over the other 2% cards is that it’s a Visa. This is the first of the now-many 2% cards that is a Visa. And, with the upcoming switch at Costco from AMEX to Visa, this matters more than ever, since Costco is a place where it’s possible to spend quite a bit of money. It could be worth applying just for that.

Eric
Eric

That’s a good point. I don’t live in one of those states though so I’m not eligible.

Jeff H
Jeff H

As of July 19, this card is living up to it’s promises. A big thing for me is the $25.00 Rewards threshold vs $50 rewards minimum on my other FNBO or many other cards. That is why it replaced my Fidelity cards. I do not travel much, so your other reasons. I have been able to get a significant CL with soft pull just a few months after getting the card.
With a few 5% rewards cards, this card is top of my wallet as it provides a consistent 2%.Rewards without thought.

Jeff H
Jeff H

Got a second CL increase without asking. Card has lived up to it’s advertising and terms. This is my everyday card.
Fidelity Amex is now a Fidelity Visa 2% requires more hoops to get paid. Sock Drawer Fidelity Visa.

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[…] National Bank of Omaha have been testing multiple different 2% credit cards recently (see: BucksBack). They now also offer the Complete Rewards Visa card, here are the details and quick […]

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