Quote:
Originally Posted by MonkeyMama
IT really depends on what you are looking for.
I have Chase Freedom and the first $600 on groceries, gas, dining every month is 3% cash back. (They have a new program where you can pick your top 3 categorties as well? something like that?)
Everything else is 1% cash back.
If you wait until you have $200 in rewards, you can redeem it for $250.
For us we redeem $250 on average twice a year, or an overall 2% return on our spending. (Not bad). We always hit the $600 monthly (As a family that puts everything on the card) and we always wait until $200 to redeem the extra 25%.
I didn't research AmEx because I really prefer Visa, personally. So no input on them.
Anyway, we pay the card off monthly so I don't know or care what the interest rates are.
As you can see the "best card" is really going to vary based on your spending and needs.
|
Now that's a good system. A bit of a hassle factor, but a nice return.
I don't use either of these cards. I use the Pentagon Federal Credit Union VISA card (5% on gas, 3% on groceries, 1.25% on everything else). It uses these percentages and takes that amt. off your current bill. No waiting. Nice. More info on my blog or you can always Google it.