Valued Contributor
Posts: 1,673
Registered: ‎11-11-2012
Re: What is the best 5% cash back card out there.

RyVision wrote:

bs6054 wrote:

distantarray wrote:

in my opinion


1. US Bank Cash+ 

2. Amex BCP

3. Chase Freedom (6.25%+ with trifecta for travel) Also VERY intensive online shopping mall for extra points on everything I ever need.

4. Citi Forward

5. Discover More


Also with Chase Trifecta Combo  + BCP you'll get 4.625%+ on gas so don't really need a gas card like PenFED imo...It'd save me less than $10 a year on average.

I think if people do the math in most cases the relative differences in savings betweens cards does turn out to be small, often dominated by the size of the sign up bonus and of course where you do your spending.   That said:


Penfed Rewards (which DOESN'T give a statement credit each month, instead you can get prepaid visa gift cards after $25 in points) apart from 5% on gas gives unlimited 3% on groceries.   With the cap on BCP, this is of great value to people with high grocery spend.


The PenFed CASH Rewards card (exactly how it's labeled) does give an automatic statement credit each month (but you miss out on the extra % for groceries).  The new Points Rewards does not.


Just so others know it seems that both types of that PenFed card are still available.

Sorry if my comment came out wrong!   I wasn't implying that the Cash Rewards didn't give statement credit, I meant to point out, as a slight negative, that the Platinum Rewards doesn't, as I know a lot of people like the simplicity of statement credit, as compared to having to save points and cash them in for some other form of credit.