Best Cash Rewards Card?
I searched the forum and I did find an OLD thread about this, but it was archived, and I've scoured the internet and will keep looking. But I figure someone like Rainman can point me in the direction to a good one. I'm looking for the best cash rewards card so I can use it to pay mortgage etc etc... and clear the balance at the end of the month. I have good credit. I guess I'm open to gas or groceries too but I'd prefer cash.
Thanks in advance! |
I use my Chase Freedom card. It's pretty legit. No annual fee.
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My current arsenal includes:
Primary: Discover Escape card ($60 annual fee, but essentially a 2% on everything card if you use the rewards for travel refunds or Amazon. Also has nice point bonuses for the first couple years.) Secondary: American Express Costco card (3% at gas stations and restaurants, and 1% at Costco, where they don't take anything but AmEx. Backup: Amazon Visa card (3% on Amazon purchases and works places that don't take the other two) Of course, that works best for a Costco member who shops a lot on Amazon. |
I use chase sapphire, it's points can be transferred to anything one for one, and the cards heavy, not important, and yet...it is.:hmmm:
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Posted this in the other thread, but here is my lineup:
PenFed Cash rewards for unlimited 5% on gas. US Bank Cash+ gives me unlimited 5% on bill pay (which they're doing away with and going to just phone bills) and restaurants. Amex Blue Cash Preferred 6% (up to $6000 annually) on groceries. Chase Freedom and Discover More have rotating quarterly 5% categories (capped at $1500). Priceline Rewards Visa for unlimited 2% on everything else. None of these have fees except the Amex BCP ($75/year), it also comes in a no fee version with 3% cash back, so it depends on how many groceries you buy. I will also "churn" a couple cards a year to get good signup bonuses. There are probably some better rewards out there if you value frequent flyer miles, but I prefer cash back and have found these cards to be among the best out there. |
I also don't really know how you're going to pay your mortgage with your credit card without a lot of workarounds... Most banks won't allow that. Let me know if yours does so I can look there when it comes time to buy a house, heh.
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US Bank Cash+ gives me unlimited 5% on bill pay (which they're doing away with and going to just phone bills) and restaurants.
Can I still get in? That's what I'M talking bout! |
I also really don't like paying annual fees for my cards, so there is opportunity there if you're willing to bite that bullet.
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https://www.usbank.com/credit-cards/...signature.html |
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It's been about 4 years, but the AmEx Blue Cash was the best option for me when I got it. I got about $1,500 in cash back in 2011 and $1,000 last year. I put absolutely everything that I can on that card, though.
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I use the Chase Freedom for the 5% categories and a Fidelity Investments Amex for 2% back on everything else. I'm looking for a new card or two that have good bonuses that don't require a lot of spending in the first few months to get them.
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I forgot about this one (https://www.salliemae.com/landing/WorldCreditCard/) because it won't let me apply since I live in Iowa (WTF?) but this is 5% CB on groceries with no annual fee. Best grocery card I've found.
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So what card do you think is best fr 2% cash rewards?
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It isn't for everyone though, you have to be on top of things and be disciplined enough to not run up your statement to the point you can't pay it off every month. |
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Soooo here's another question. Can I sign up for a card with 100 dollar bonus for the 1st 1000 spent in 60 days and then cancel and do the same/ w another card? Where does it end? Discipline?
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Also I know I can find all of this info on Google, but I have a full time job, a 5 year old, and I'm working on a business. AND I sell shit on e-bay ALL day long. So I'm not lazy I'm just trying to be efficient.
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If you're not worried about buying a house, car, or getting some other loan in the next two years, then don't worry about the HQs on your report. They'll fade and your credit score will normally actually be better within about 6 months. |
http://www.fatwallet.com/forums/finance/
This is where I learned A TON about this kind of stuff. I don't really post much, because quite honestly a lot of these guys are dicks and think everyone is going to get their deals shut down, but there is tons of great info here, especially in the stickies. |
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