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Originally Posted by wyett3
HSBC's card has a 1% cashback rate, no tiers. It's interest rate is double digit too but there's no balance requirements to get the cashback rate.
Take a look at AMEX's Blue Cash card; I don't spend enough money each year to make its tiered rate worth it but it sounds like you do. Its highest rates at 5% (gas, drugs, supermarkets) / 1.5% (everything else) could beat out ED's 1.4%
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I actually don't spend very much every month. I've had some car repairs and other car expenses recently so my monthly credit charges have been around $900 but when I don't have any unusual expenses I average about $500 a month. If I could put my monthly apartment rent on a credit card it would be double that. I've tried getting the apart. owners to accept credit cards and they always refuse.
I hate tiered credit cards since I'm not a big spender. My Citi card already gives me 1% on all purchases except for those that they give 5% on. I just got another statement today from Citi and they are still giving me 5% on groceries and gas. So for my personal use I think the ED card is the best that I've found for the "everything else" type of purchases that other cards only pay 1% that don't have tiers.