Best Gas & Groceries Mastercard/Visa?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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Midori
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Best Gas & Groceries Mastercard/Visa?

Postby Midori » Tue Oct 01, 2013 1:10 pm

My Chase Freedom gave me 5% Gas for Q1 and Q3, up to $1500.
My Citi ThankYou gave me 5% Gas and Groceries for Q3 and Q4, up to $2500.
My BofA Worldpoints gave me 5% Gas and Groceries in Q3 with a $2500 cap.

I'm a little tired of keeping track of rotating categories and caps, and ending up in a quarter where Gas or Groceries isn't a bonus category on something in my wallet... or it's a bonus category on only one card, and I hit my cap way too fast.

My local grocery store doesn't take Amex, or else I might look at the BCE for its 3% Groceries and 2% Gas. They might take Discover, but I'm not positive.

Apart from, say, the Quicksilver (1.5% flat), and cards with Annual Fees (since I'm splitting my spending, I don't necessarily put enough spend on any particular card to make it worthwhile), is there an everyday spend card that needs to be on my radar?


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bisbicos
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Postby bisbicos » Tue Oct 01, 2013 1:18 pm

PenFed Platinum Rewards Visa 5% on gas 3% groceries 1% everything else. No cap on rewards either.
Credit Cards
American Express: Fidelity Rewards (2% cash back) 9.5k
Zync NPSL
Discover: Discover More (5% rotating categories) 12k
Mastercard: Chase Freedom (5% rotating categories) 4.6k
Visa: Citi Forward (5x pts on restaurants) 15.7k
Citi Dividend (5% rotating categories) 5.6
Capital One Journey (1.25% cash back) 1.25k
BofA AAA (5% on gas) 2.5k
PenFed Platinum Rewards (5% on gas 3% groceries) 7.5k

Future Cards
US Bank Cash +
Chase Ink

cashback
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Postby cashback » Tue Oct 01, 2013 1:25 pm

bisbicos wrote:PenFed Platinum Rewards Visa 5% on gas 3% groceries 1% everything else. No cap on rewards either.


Not anymore. They nerfed the redemption ratios for that PenFed card.

Look into the Sallie Mae card. Its 5% on gas and grocery up to $250 each per month. The reward limit is pretty low, but it may fit for you.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

Midori
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Postby Midori » Tue Oct 01, 2013 1:41 pm

Cool beans. I had been considering the PenFed and the USBank Cash Plus, but I stopped thinking about them when people started talking about how less competitive they had become. Will give them, and the SallieMae, a fresh look.

SClay
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Postby SClay » Tue Oct 01, 2013 4:49 pm

Midori wrote:USBank Cash Plus, but I stopped thinking about them when people started talking about how less competitive they had become.


Unfortunately, everyone does indeed say that. The only reason I ever hear is because they took away the bill pay category because it was being abused. I'm not entirely sure if you can choose the same categories every quarter, and for the 5% cash back categories you have a cap of $2000. The 2% cash back categories (which are both gas and also groceries) have no cap. You can only choose one however, vs being able to choose two 5% categories. So you could rotate them like 1 quarter gas, another quarter groceries, etc.

Personally, I think the USBank Cash Plus is still one of the better rewards cards, simply because it's customizable unlike a lot of rewards cards. That being said, there are definitely better gas and groceries cards. The Costco True earnings card for example give 3% cash back for gas at a cap of $4000/year. That could be useful because you wouldn't be using it all the time at the pump since you have other cards with rotating categories.

In fact, AMEX actually probably has a lot of cards that you would like for these purchases. It's too bad your local grocery store doesn't accept them :( . It's 2013! Anyways, there's a BofA card that you could look into. It's the cash rewards one, found Here. 3% on gas, 2% on groceries, it has a cap of $1,500 in combined gas & groceries, but only per quarter. You also earn a 10% bonus when you redeem the rewards directly into your BofA checking or savings account (although I'm not sure if you have one of those or not). Since you're already a BofA cardholder, it would be something to look into. The real nice part is you get a $100 cash rewards bonus if you spend $500 within the first 90 days.

Hope this helps! :)
Capital One Secured AU | $1851 | 10/2013
Capital One Journey | $1000 | 03/03/2016
American Express Delta Gold | Denied | 03/13/2016
Citi Bank Double Cash | $1000 | 03/13/2016
Chase Amazon Visa | Pending | 03/13/2016

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bisbicos
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Postby bisbicos » Tue Oct 01, 2013 8:45 pm

cashback wrote:Not anymore. They nerfed the redemption ratios for that PenFed card.


Damn, I just checked the website. Is that for new card members cause I think I'm still getting the 5/3/1 on purcases
Credit Cards
American Express: Fidelity Rewards (2% cash back) 9.5k
Zync NPSL
Discover: Discover More (5% rotating categories) 12k
Mastercard: Chase Freedom (5% rotating categories) 4.6k
Visa: Citi Forward (5x pts on restaurants) 15.7k
Citi Dividend (5% rotating categories) 5.6
Capital One Journey (1.25% cash back) 1.25k
BofA AAA (5% on gas) 2.5k
PenFed Platinum Rewards (5% on gas 3% groceries) 7.5k

Future Cards
US Bank Cash +
Chase Ink

cashback
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Postby cashback » Tue Oct 01, 2013 8:54 pm

bisbicos wrote:Damn, I just checked the website. Is that for new card members cause I think I'm still getting the 5/3/1 on purcases


Everyone still gets 5/3/1 right now, it just takes more to redeem. I think its like 110K or 120K points for a $100 Visa GC. Making it less than 5%/3%/1%
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

Midori
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Postby Midori » Tue Oct 01, 2013 9:07 pm

Looking at the Penfed Platinum Rewards Visa Signature card earlier, I got the impression that the 5/3/1 was turning into a 3/2/1 at the end of the year, and that the Penfed Platinum Cash Rewards 5% gas card was turning into a 3% card at the end of October? Am I misinterpreting? So if the rewards redemption rate isn't a straight 1 point = 1 penny anymore, on top of the percents being lowered themselves... so many variables! :o)

DavidNY
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Postby DavidNY » Tue Oct 01, 2013 9:51 pm

+1 cashback

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bisbicos
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Postby bisbicos » Tue Oct 01, 2013 10:10 pm

Yea I just checked on mine. Its 5900 pts for $50 thats like .008 cents per point. Im very disappointed in this change
Credit Cards
American Express: Fidelity Rewards (2% cash back) 9.5k
Zync NPSL
Discover: Discover More (5% rotating categories) 12k
Mastercard: Chase Freedom (5% rotating categories) 4.6k
Visa: Citi Forward (5x pts on restaurants) 15.7k
Citi Dividend (5% rotating categories) 5.6
Capital One Journey (1.25% cash back) 1.25k
BofA AAA (5% on gas) 2.5k
PenFed Platinum Rewards (5% on gas 3% groceries) 7.5k

Future Cards
US Bank Cash +
Chase Ink



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