- Centurion Member
- Posts: 1589
- Joined: Sun Jun 19, 2011 2:37 pm
- Location: Down South
cashback wrote:Assuming you have the Blue Cash Everyday card, keep it since you do not spend a lot on groceries. But do the math and see if an upgrade to Blue Cash Preferred would be best for you. It offers 6% at grocery stores.
The US Bank Cash+ card is a must have for cash back. You can pick 2 categories each quarter for 5% cash back (department stores, online bill pay, restaurants, electronic stores, home improvement stores, and more).
For gas, get the PenFed Platinum Cash Rewards card (5%). Those two cards plus your BC card are must haves in my opinion.
Then, you can get rotating category cards. Categories rotate quarterly for 5% cash back but you do not get to choose them. These cards are Chase Freedom, Discover IT, Citi Dividend, and probably more I can't think of.
With the cards mentioned above, you would definitely be able to get more than $650 a year. On $50000 yearly spending, there is no reason you shouldn't be able to get 4% yearly average, which is $2000. I suggest reading the thread on the US Bank Cash+ card. A little cash back secret is to buy gift cards at places you get 5% cash back. That way you can get cash back at places you normally wouldn't!
I agree with everything he said. I also recommend the Platinum Rewards card from Penfed if you spend alot at the grocery store. I prefer the Discover IT as a 5% card, unless you use other Chase cards. I heard you can combine the benefits of multiple Chase Cards.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape