What year around rewards should be offered by all Credit Cards

[Anonymous]

I believe the best year around rewards should be a minimum of 5% for both gas and groceries.

Update: emphasis on "offered by ALL CREDIT CARDS?"

[mongstradamus]

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@Anonymous wrote:

I believe the best year around rewards should be a minimum of 5% for both gas and groceries.

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There is an card that sort of does that already if you spend less than 250 per month on each. 

[longtimelurker]

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@mongstradamus wrote:

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@Anonymous wrote:

I believe the best year around rewards should be a minimum of 5% for both gas and groceries.

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There is an card that sort of does that already if you spend less than 250 per month on each. 

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And another if you spend $6.5K a year on anything else

[Anonymous]

Yes, I understand SallieMae has 5% year around. My question is "what should be offered BY ALL CARDS??"

[longtimelurker]

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@Anonymous wrote:

Yes, I understand SallieMae has 5% year around. My question is "what should be offered BY ALL CARDS??"

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Right, but what does that even mean?   I think all cards should offer 150% cashback on everything all the time.  But I won't hold my breath waiting for issuers to see it my way.

[Anonymous]

Would you sign up for a card that came with a minimum $10,000 CL, gave 25% cashback $0-$300 on gas/groceries/utilities/restaurants/travel and 5% cashback from $300-$600 Monthly then/and 1% on everything else.

Heres the catch......It has an annual fee of $480, not waived the first year, no intro APR and purchase APR of 59.99%, Cash advance APR of 99.99%, BT APR same as purchases.

[longtimelurker]

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@Anonymous wrote:
Would you sign up for a card that came with a minimum $10,000 CL, gave 25% cashback $0-$300 on gas/groceries/utilities/restaurants/travel and 5% cashback from $300-$600 Monthly then/and 1% on everything else.

Heres the catch......It has an annual fee of $480, not waived the first year, no intro APR and purchase APR of 59.99%, Cash advance APR of 99.99%, BT APR same as purchases.

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So assuming you max out to $600 each month (which isn't all that hard given the categories), you would make $1080 in cashback, leaving $600 profit.  So maybe, depending what else there is.