09-18-2012 10:06 PM
Hello. I'm wondering what cards do you use for maximum cash back?
I use my discover mostly, %5 cash back categories have been good so far and shopDiscover is pretty awesome. However with $50 payout, its a little annoying.
Also got the Chase freedom, but looking like the categories won't be too great, but it offeres 1% cash back on everything else.
I tried and failed to get the us bank cash+ card.
I love cash back (main reason for even having a credit card),
So what cards do you use?
09-18-2012 10:14 PM
well i have an emplyoee bank card but its only 500 limit. 3% cash back on most used catg. that statement 1% cash back on everything else. (forever)
consumer end card same bank(got this off preapproval no hard inq) 2k limit 5% cash back on everything first 90 days and then same as above. (for new customers they offer 10% for first 90 days no cap)
chase freedom- but next quarter is going to suck. if iphone 5 came out october 1st i could get the 5% cash back on that but no.
but if you use the ultimate rewards mall you could earn some great cash back.
and amex zync has reward points but not the same as cash back.
|Current: EQ 735 Discover 9/5/13 Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)|
Starting total revolving credit: $2600 | Current total revolving credit: 31k+
Inquiries (24 Months): EQ 8 TU 7 EX 8 | Most Recent: 09/04/2013
|Amex Zync(Unicorn) |
Citi Diamond Preferred$6000
09-19-2012 05:48 AM
I combine Discover More + Chase Freedom 5% Cashback along with my Amex BCP categories. All purchases that don't fit into any of the bonus categories on the three cards go either on Chase or Amex to get 1% (since Discover doesn't hit 1% until $3,000 and never gives 1% at big box stores).
As for the $50 payout minimum, have you ever looked at getting partner gift cards from Discover? They generally give you a bonus amount (i.e. $25 gift card for $20 in cashback). That makes your 5% cashback go even further. For Chase and Amex, I just do cashback to my account as their minimums are $20 and $25, respectively (neither of them offer many bonuses for getting gift cards).
09-19-2012 05:55 AM
PenFed for 5% cash back on gas / different PenFed for 3% cash back on groceries / Discover for 5% categories only / AmEx Delta for everything else (miles turn into more than 1% when used)
09-19-2012 06:06 AM
Discover More for everything except:
BoA 123 for gas when its not 5% on Discover
Amex BCE for department stores and groceries when not 5% on Discover
US Bank Cash+ for drug stores (2%), fast food (5%, I use Discover instead when its 5%), pay bills (5%). Gets used when a store doesn't accept Discover.
I have a Chase Freedom but I never ever use it because I hate their customer service. My Wells Fargo Cash Back card get 1% on everything, but I only use it for a few small things a month.
09-19-2012 07:14 AM
Discover and Freedom 5% categories for now. My next round of apps will include the BCP and maybe Cash+ and Citi Dividend to add even more 5% opportunities. I'm going to have to start carrying a cheat sheet to keep track of which card to use.
09-19-2012 07:49 AM
Amazon is a great choice to redeem discover points. I redeemed all of my points (19.27) and bought a $22 dollar item for less than 3 bucks.
Oh ya I forgot about that! I might be using my Discover More more now.
I really hate how discover has that limit on cash back from the first $3000 per year. I'd really use it for everything if it offered 1% on everything else.
But are points on an amex card equivalnt to 1% cash back? I have an amex green charge card, but it takes two cycles for point to even apear and it seemed like points weren't worth much.
09-19-2012 08:10 AM
I put everything I can on my Costco Amex card (True Rewards).
I pay it off every month so no interest. I got back $518 back last year.
It's nice to get $$$ from a credit card company instead of the other way around!
09-19-2012 09:23 AM - edited 09-19-2012 11:20 AM
US Bank Cash+ for an effective 6.25% on utilities/bills and electronics, and 2.5% at drug stores
Amex BCP for 6% at the grocery store, which includes the pharmacy and any gift cards I buy for places that I don't otherwise get good CB at
Penfed for 5% on gas & 3% @ department stores
Citi Forward for 5% @ restaurants, movie/music stores, & Amazon
For the little else that's not covered by the above, Priceline Visa for 2% on anything