Re: Next step?[ Edited ]
12-09-2012 03:37 PM - edited 12-09-2012 03:45 PM
I think its more gasoline and dining. I drive 80 miles to work and home a day. I spend very little on other things
Sounds like you're mainly looking for cash back on gasoline and dining. If so, the PenFed Cash Rewards should be on your list thanks to the 5% cash back on gas. As for dining, I'm not sure which one would be the best in terms of rewards. Can someone else chime in on this?
Unless you absolutely must get gas cash back on every statement, PenFed Platinum Rewards is proabably a better choice than Cash Rewards, as it gives 3% on groceries and 1% on everything else, as compared to Cash Rewards which is 0.25% on everything apart from gas. The only disadvantage to the Platinum Rewards is that you collect points and have to save enough (e.g. 5,000 = $1000 of gas) to redeem for a $50 visa debit card. Non-cash rewards can be redeemed at lower levels, but many prefer cash.