Understandably this is a different category debit vs credit (existing money vs borrowed). The content is created by CNN Underscored. Spend $10,000, earn 20,000 points (2 points for every dollar). You can auto-pay a fixed amount or manually pay the balance at a date in the future. Hmm, I don’t really understand how it’s possibly not competitive with the Capital One No Hassle. Not only will you earn extra cash back in the grocery and gas departments, but you’ll also earn a significant amount of cash back on all your US streaming subscriptions. I use the Amazon Visa for amazon.com purchases in order to earn their 3%. I am currently using an Amex Choice Plus Card ($65.00 annual fee with an Amex gift certificate redemption return rate of 8%), instead of the Costco, no fee (1%) cash back card. If you’re a new cardholder, you can receive a $300 bonus back after spending $3,000 in purchases within the first six months. The best cash back account that I found is Chase freedom for the following reasons: 1) 1% cash back with no tier; 2) 2% more or a total of 3% on the top 3 or 5 of 15 category purchases (3 of 15 for non checking account customers and 5 of 15 for checking customers) 3) 5% more or a possible total of 8% for quarterly promotions. I do well with: Discover and Chase Freedom for only the quarterly categories, 5%. Citi® Double Cash Card: Best overall card for cash backBlue Cash Preferred® Card from American Express: Best for US supermarketsChase Freedom Flex: Best for restaurants, including takeout and deliveryCostco Anywhere Visa® Card by Citi: Best for gas purchasesChase Freedom Unlimited: Best for flexibilityInk Business Unlimited Credit Card: Best for small businessesDiscover it® Cash Back: Best sign-up bonusU.S. After all, getting cash back might not yield as many rewards like free flights and hotels. All Rights Reserved. I have cards with both & I just received notice a couple of weeks ago. If you get gift cards, on the other hand, a $50 gift card is 6,000 points, so .83% for 1 point purchases and 4.2% for your 5 point purchases. For someone like myself, who’s essentially only spending money on groceries and very little else, it doesn’t help much to only have that a few months out of the year. Note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available. I have called about this each month for the last four years, even speaking with the supervisor’s supervisor, and have been told that they are “working on it”. you may want to consider the Citi Forward card for your Amazon purchases. For the people who do have this card, what’s the deal with the Regular Share account? That means if you spend less than $3,166 in grocery purchases annually, it could be a better choice in the long run. They also allow you to use the points for gasoline cards etc… A room rate of $80 costs 8,000 points/cents OKAY, but to purchase a $50 gas exchange requires 16,000 points/cents or $160 worth of points. Why it’s great in one sentence: Card holders earn 5% cash back in two categories they select from a list — including options like streaming services — every quarter throughout the year, up to $2,000 in purchases per quarter. WorldPoints VISA – Worthless. on Citibank's application. This card is right for: People who are looking for a no-annual-fee card that earns bonus cash back at restaurants, even if they’re just getting delivery or takeout, as well as in several other categories. Upromise World MC – This card is cool. Most … The Discover card that said you get money back at warehouses is not accurate because Costco only accecpts American Express. This card is right for: Costco members who want strong rewards when buying at Costco and filling up their gas tank. As for the Penfed 5% Gas cash back CC, you must be a member of their union. Only problem Is that it is an American Express card. Are you calling me stupid? For example, 2,000 points can be redeemed for a $20 check.”, The 5% bonus opportunity improves this offer. I did call Chase and they told me its no longer 200, whatever, i hate inconsistencies, i should just go for the capital one. Getting 5% on those. The purchase protection applies to items you buy anywhere, not just at Costco. I have been more than happy with BoA. Big limit and low interest for a bad pinch. I have used it exclusively to get consistent 2% back every month for the last year. Annual Fee: $0 Cash Back Rewards: Up to 2% in unlimited cash back on all purchases (1% when you buy, 1% when you pay) Features: Introductory 18-month period for 0% APR on purchases and balance transfers, no cash back limits and no categories Team Clark’s Card … I’m always one for pointing out bait and switch tactics when I see them, but with the Fidelity card, it’s fully disclosed you need to open an account to receive the cash back. I spend $2500, I get 5000 points which equates to $50 (2% of my purchases) deposited into my Fidelity account. From Capital One site: Rewards 2% cash back on purchases at gas stations and major grocery stores. As an Amazon shopper, I am aware of the Amazon card (3% on Amazon, 2% for everything else) and so far that is my leading contender to replace the Chase card. It lets you choose up to two rotating categories every quarter. It does not work and has not for the four years I have had the card. That might be why you are not finding it. True Earnings® Card from Costco and American Express offers 3% for Restaurants as well. So you might need to drop it from your list. Citi® Double Cash Card – 18 month BT offer. I took my kids out to eat and the restaurant removed the price of a meal because it contained a foreign object. This card is right for: People who want a no-annual-fee credit card that offers the flexibility to earn cash back in the categories that work best for them based on their personal spending habits. Purchase protection and extended warranty coverage. Why it’s great in one sentence: The Citi Double Cash Card is extremely simple, since you earn 2% cash back on every purchase — 1% when you buy and 1% when you pay your statement — all for no annual fee. Great for: Balance transfers Citi® Double Cash Card – 18 month BT offer. I have been using a 1% cash back on everything VISA with no annual fee. Thanks for the advice! 4 Types of Retirement: Which Will You Choose? You might want to add the brand new Chase Amazon Prime Rewards card. THAT is the bait and switch. HSBC has a credit card that pays 2% flat rate, no restrictions or annual fee. Our relationship with Pen Fed will soon be over. I can’t find the HSBC card you’re referring to. I will admit, at a glance it is very appealing. (restaurants/electronics stores or restaurants/cell phone let’s say) Then Fidelity AMEX for 2% off everything else. The 5% cash back options also don’t include some more mainstream categories. For the 4th quarter of 2011 the promotions are dining, movie theaters, department stores and charitable contributions totaling $1,500 and a separate $1,500 for Khols. 5.0. on Citibank's application. Earn 3% cash back in the category of your choice: gas, online shopping, dining, travel, drugstores or home improvement/furnishings. It’ll probably take some good management skills, but the best rewards would come from: 1. Sign-up bonus: Earn $200 bonus cash back after you spend $500 on purchases in the first three months after opening the account, plus earn 5% cash back on grocery store purchases (not including Target or Walmart) on up to $12,000 spent in the first year after opening the account. I saw this offer from Household Bank (HSBC): https://www.householdbank.com/ecare/cards?docId=Cards_Tab_data_cards_hb_sp5_xml&WT.svl=400 and wanted to see what others thought of it as a possible replacement before I took the plunge. What about PNC’s cards? Also they charge vendors the highest fee,s for any credit cards. do you have a link to this offering? Does anyone know about the the new U.S. Bank Cash+ Visa Siganature Card? SO, overall For gasoline and grocery, i use this card – 5 and 3% cash back respectively. 🙂 OH! Amazon. I just want cash back — not gift cards. This month, they reduced their grocery cashback rewards to 1% from 2% (with little-to-no warning) and that was a rather big disappointment (chalk it up to inflation and the Fed’s monetary policies I suppose [is anyone else noticing the crazy prices at the supermarket these days?]). Then, you’re able to redeem those points for travel at an increased value of 1.25 to 1.5 cents apiece via the Chase travel portal. Thus, for instance, a more hotel emphasized bonus might be more valuable to you than a flights emphasized bonus, etc. Citi Double Cash looks like a great card. Flash your Bank of America Cash Rewards credit card at a participating museum and you’ll receive complimentary general admission to more than 225 cultural institutions across the United States on the first full weekend of every month. That’s the case sometimes with cards offering “points,” but these cash back cards earn cash back as indicated above. Other than that all remains in tact for the older customers. You can also receive a $300 sign up bonus  after spending $3,000 in the first three months. The one thing that wasn’t mentioned in the article (but is important to note) that you don’t have to be a member of any of the organizations or military – they will allow you to join for a $20 donation (which is tax deductible). Of course, this requires parking a significant amount of money in your Bank of America bank or investment account, but it can pay out extremely well for loyal Bank of America customers. I feel their advertising is misleading and thought you should check into this to see if you still want to rate their product so highly. Under a different category – spending money you actually possess instead of credit: PayPal Debit Card offers 1.5% on all purchases made using ‘credit’ as an option (instead of debit). They have continued to lower it and now are down to 1.0% after $6500. Savings are swept into a savings account. Great coupon kickers. I can’t seem to find the fine print for it to fully understand its benefits and losses. Wheras with Chase it is added to a maximum of 8%. There is no annual fee. Can anyone suggest a better reward program to beat this 5, 3 and 2% cash back. That’s because the card currently comes with the highest sign-up bonus we’ve ever seen on this card. If you’re looking for low apr, then yea, you may want to see what BA is offering. Thank you for the advice from all blogs and commentary. you missed one of the best if not the best US bank cash +. There are also a few other perks. Bank of America® Cash Rewards credit card: Best for travel The information for the Discover it Cash Back, U.S. Bank Cash+ and Bank of America Cash Rewards cards has been collected … There are three different tiers, with Gold members earning a 25% bonus, Platinum members a 50% bonus and Platinum Honors members a 75% bonus. Yes Chuck, Same thing just happened to us. I have been using the Blue Cash card for a few years now. I’m still on the older 3% on top 5 catagories plan until June 2nd, and at least on the older plan when you shopped online with Chase Rewards Plus it was a straight percentage cash back. A Warner Media Company. All I wanted to find out was why they coded it cash advance and not a merchandise purchase. For a family that spends alot on groceries that 6% could make a huge difference. http://www.sonyrewards.com/en/home/base/ Chase Freedom MC – I utilize the 5% on the revolving promotions up to $1500. 1% on all purchases plus at the end of one year you get a 50% bonus. For Amazon Prime members, they get unlimited 5% cash back on Amazon purchases and no foreign exchange fees (A Visa credit card too). I for one have started using cash back credit cards since it has helped me save money on certain expenses. Thanks! This means you truly need to be on top of your credit card and remember the categories that you select on a quarterly basis. Related: Earn more rewards on your groceries with these credit cards. In other words, this card is a great choice if you’re after a simple cash back rewards program. I was thinking you were missing the Schwab Visa too … but that card is no longer accepting new applicants. Anyone aware of this card? I have a 2% rebate, no annual fee HSBC card that is capped at $400 back per year. Citi Double Cash Card: Best for balance transfers. The Blue Cash Preferred also normally comes with a $95 annual fee, which is significantly higher than many other credit cards offering cash back. On top of the 5% cash back options, you’ll also be able to select one category to earn 2% cash back each quarter, with no cap on the amount you can earn. I’d be open to a higher % of cash back, of course, but I just don’t see that under the Visa brand…. I will cancel my B of A switchover asap now that Schwab/FIA is gone – it looks like CapitalOne’s Cashback MasterCard with 0% annual fee & 50% cash back bonus every year, 1% cash back on purchases, plus earn a one-time $100 bonus will be best for me, doing the math with the amount I put onto a card, will come out to be pretty much equivalent to the 2% cash back I got with Schwab/FIA. The 3% cash back on groceries had previously been unlimited. 18-month 0% introductory rate on balance transfers (13.99% to 23.99% variable afterward). That’s because if you also have a premium ThankYou card, you can actually convert your cash back from the Citi Double Cash to Citi ThankYou points and then transfer those points to one of Citi’s airline partners or redeem them for airfare at 1.25 cents per point when going through the Citi travel portal with the Citi Premier (though this rate will drop to 1 cent per point after April 21, 2021). Annual Fee $0 Rewards … I am looking for a cash back rewards credit card primarily to use for fuel. PNC Bank has a card that offers 1.75% cash back on all purchaes, no caps. Plus, the required credit score was pretty low for the decent rewards. Restaurant and entertainment lovers will really like this card as it offers a substantial cash back offer. NONE of these cards carry an annual fee. Capital One® Savor® Cash Rewards Credit Card. Hopefully the information on the alternatives is correct. And the $7,500 minimum spend requirement to earn the $750 sign-up bonus isn’t small, but it should be feasible for any small business that has regular expenses that can be charged to a credit card. Did you realize that to get just a $10 cash back reward(true check in the amount of $10), using the 1% cash back, you would have to spend $100,000 in credit card purchases? 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