I've had a request to do another post about Cash Reward Credit Cards. I'd like to hear about what you're using and why. The idea here is for someone who never carries a balance but who also doesn't want to be constantly opening and closing credit card accounts.
I'm using:
Someone else suggested the following:
I'm using:
- Fidelity AmEx (soon to be Visa) 2% back on everything deposited into a Fidelity account once a month and then easily transferred to checking
- PenFed Cash Rewards 5% back on gas applied to each statement as a credit
- REI Visa through US Bank 1% back on everything, 5% back at REI. Use at REI and anywhere that doesn't take AMEX.
- Sparks Visa Business Card 1% back on everything
- USAA Visa of some kind- Never use, but it functions as overdraft protection on my checking account. I'm not even sure it's a Visa nor what its terms are.
Someone else suggested the following:
Target -- 5% at checkout, only used at Target
AMEX Blue Cash Everyday -- only used at supermarkets 3%
AAA Member Rewards -- no foreign trans fee, only used for travel 3%
Citi Double Cash -- 2% on everything else
What are you using?
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