Quote:
Originally Posted by DaFace
I also have an Amazon card for the 3% at Amazon and a Costco card that does 4% on gas, 3% on restaurants, 2% at Costco, and 1% for everything else, but the rewards are only redeemable at Costco.
https://www.nerdwallet.com/credit-cards |
I use the Amazon Card (at Amazon for 3% and Walgreens for 2%) and the Costco card (pretty much everywhere else but the grocery store for the reasons mentioned above--plus 3% on travel).
I also have an American Express Blue Cash Preferred. It comes with a $95 annual fee, but offers 6% cash back at grocery stores for up to $6,000. Even if you subtract the $95 fee from your potential reward (.06 * 600 = 360) you would end up with $265 in rewards if you spend $500 a month at grocery stores. If you spend less than $500 per month at grocery stores, you might be better off with the America Express Blue Cash (Not Preferred) because it has no annual fee, but only offers 3% cash back at grocery stores. We spend plenty at grocery stores, and so the Preferred Card nets us over 4% in a year on a good deal of our groceries.