Just signed up for a new cash back credit card

[bjl584]

I just signed up for a new cash back credit card. Unlimited 1.5% cash back on all purchases.

There were some other offers that offered more cash back at certain retailers and gas stations, but I opted to keep it simple and take the 1.5% across the board.

I plan on using it for everything that I currently buy anyway. I should receive $1000 or so annually in cash back.

It's a Barclay's MasterCard if anyone is interested.

[kork13]

I have a similar one (unlimited 1.5% cash back on everything) from Capital One. A big benefit from them is also that they don't charge foreign transaction fees. I travel moderately often for work, sometimes overseas, so that's pretty valuable for me.

However, our primary card is Citi's Double Cash card, which is basically unlimited 2% back on everything. It's been a pretty good card for us, and they also give a price protection benefit, so you can register any big purchases (or small, but not worth the trouble for little things), they search for better prices, and refund you the difference if/when they find a lower. I've had it work in our favor a few times.

[Drake3287]

These cash back cards really do work. I use the BofA Travel Rewards Visa and get close to $2,000. back each year. The level of BofA rewards you earn is based on your total BofA account balances.

It also charges no foreign transaction fee's and has no yearly fee attached. Like many others, I charge EVERYTHING and simply pay it in full each month. Haven't paid a cent in finance charges in years.

Good luck with your new card. You'll be surprised at just how many things can be charged to your new card.

[corn18]

I was using the Citi Double Cash back for 2% unlimited cash back. I just switched to the USAA 2.5% unlimited cash back. Neither have any goofy categories.

[disneysteve]

Neither have any goofy categories.

I don't mind the "goofy categories. Our main card is our Marriott Rewards card. We use that for pretty much everything except to take advantage of the quarterly category 5% bonuses on our Chase Freedom and Discover cards.

[97guns]

I just looked up that usaa card, you have to have a checking account with direct deposit to qualify for 2.5% or else it's 1.5%

I'll have to stick with my 2% citi double rewards

[HundredK]

I also started using the citi 2% double cash back card. Prior to that I used my AmEx for everything to get travel benefits, but now that we're not traveling as much, I think the 2% back makes more sense. Love how it's easy, and you can get the cashback right away, vs Costco which makes you wait until the end of the year for a paper certificate, ugh. I do still use the Costco for items that will get more than 2%. And I use my Target red card to get 5% off all items there.

[TheCudder]

I don't mind the "goofy categories. Our main card is our Marriott Rewards card. We use that for pretty much everything except to take advantage of the quarterly category 5% bonuses on our Chase Freedom and Discover cards.

Same concept here. I use Capital One's Quicksilver for 1.5% back on everything and only use Chase Freedom for 5% bonus category purchases.