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.

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:

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.

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.

I called my bank and they said i can do it as long as it's a card from a different lender than my mortgage lender.

It used to be for ALL bill pay. That ended this quarter and was replaced with just cell phones. They still have quite a broad range of categories that give you 5% CB.

https://www.usbank.com/credit-cards/...signature.html

Damn! Nice brotha. No reason not to sign up for that Priceline card and start collecting 2% CB on that.

Seriously? What bank?

Damn, no longer available.

Bank of America

Dude, ALL I do after work is surf the net and call around to save money. I'm trying to start a business and I need FREE capital.

You can still get it. Just have to apply in a branch, and rewards aren't as juicy as they once were.

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.

I need cash back because I'm trying to save money, so I'm not looking for any perks other than cash or gas.

It's been revamped. Not quite as good as it once was. Honestly, if you want the best cash back, you'll need to use multiple cards.

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.

That's what I'm going to do.

It still gives you cash back, but just on certain categories of purchases.

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.

I need bill pay LOL

I think the best you're gonna do is 2% then.

You are wise for yuor age!

My user name is also fairly ironic in this thread too.

But shit man I have two mortgages (due to 2008 economy) so 2% is huge!

LMFAO

So what card do you think is best fr 2% cash rewards?

I make literally thousands of dollars a year on CC cash back/sign up bonuses/etc.

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.

Jewish Rabbi?

This is what we use.

That's me dude

I use the Priceline Visa, but the Fidelity Amex was also mentioned in this thread. Don't know that there's really an advantage to either one, other that Visa being more commonly accepted.

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?

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.

It ends when you run out of ways to meet the minimum spend and/or your credit report has too many Hard Inquiries and they start denying you for cards.

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.

Should have added in my last post if there's no annual fee there really is no reason to cancel it, and will hurt your credit score in the short run. Most cards offer a "once per lifetime" sign-up bonus anyway, so you usually won't be able to get a bonus from the same card.

Oh yeah AND I'm finishing my business degree so I barely sleep.