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Which credit card for cash back on utilities?

CyberGuy 289 September 9, 2012 at 08:17 AM
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I will be receiving utility bills really soon and I was wondering which credit card is best for getting cash back on them. I can't seem to find anything online for this purpose. Most CC's seem to cater to groceries, travel, entertainment, food, etc. My utilities include gas, electricity, internet, and TV. Any help would be great. Also if you have any other solution for cash back that doesn't involve credit cards, I would like to hear them.

11 Comments

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#2
Many utilities will not accept credit cards.

Which merchants will be billing you? You can look to see if they take credit cards at all.

Verizon wireless does.
Time Warner Cable does.

My local energy company does not.
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#3
Quote from Formless View Post :
Many utilities will not accept credit cards.

Which merchants will be billing you? You can look to see if they take credit cards at all.

Verizon wireless does.
Time Warner Cable does.

My local energy company does not.
Comcast (allows CC's) for internet/TV
National Grid (allows CC's through 3rd party) for electricity/gas

You're right about the utilities. National Grid allows credit card payments through Western Union Speed pay but there is a $2.25 fee for it. I was hoping the cash back will more than compensate for it.

Also I just found this credit card [chase.com] for 5% cash back on TV / internet. So I will get that and hopefully something else for the electricity and gas.
Last edited by CyberGuy September 9, 2012 at 09:23 AM
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#4
for me at least, discover is running a 5% back on utilities promo, I think through year's end. my power company does not take CC's for "free" (surcharge) unlike all the others.
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#5
Quote from CyberGuy View Post :
Comcast (allows CC's) for internet/TV
National Grid (allows CC's through 3rd party) for electricity/gas

You're right about the utilities. National Grid allows credit card payments through Western Union Speed pay but there is a $2.25 fee for it. I was hoping the cash back will more than compensate for it.

Also I just found this credit card [chase.com] for 5% cash back on TV / internet. So I will get that and hopefully something else for the electricity and gas.

Yep. Ink Cash is the best choice for year-round cash back on telecom. I've had the card for about 18mo now.

I haven't seen any with fixed categories for electric/gas. However, the 5% on your internet/TV and (I'm assuming you have a) cell phone bill will start to add up quickly.
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#6
I have the US Bank Cash+ card for this very purpose. The card allows for users to choose two 5% categories (of which one can be for paying bills) and one 2% category to earn cash back on. You can find out more here:

http://slickdeals.net/f/4711824-US-Bank-Credit-card-Choose-your-own-two-5-cash-back-categories-even-for-airticket?v=1
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#7
The Ink cards are definatly the best. If you can manage it the "Ink Bold" or "Ink Plus" is the best posible savings. It gets 5 points instead of cash back. But you can return the it for cash for 5% back or if u redeem them for travel you get 20% off so it technially becomes 6.25X on utlities. If you can mangae 10K in the first 3 months you also get a massive 50K points as a reward.
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#8
Many utilities don't take it, and for the ones that do, I've seen Visa and Mastercard being the most commonly accepted.

I use my Fidelty Visa Signature card that gives me 2% Cashback deposited into my brokerage account monthly (or every other month, depending on the amount reached). You need a Fidelity account to open it, but it's the best no-frills cash back card I've seen (most others pay 1% with 5% rotating cashback every 3 months from different categories).
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#9
Quote from rrc06 View Post :
Many utilities don't take it, and for the ones that do, I've seen Visa and Mastercard being the most commonly accepted.

I use my Fidelty Visa Signature card that gives me 2% Cashback deposited into my brokerage account monthly (or every other month, depending on the amount reached). You need a Fidelity account to open it, but it's the best no-frills cash back card I've seen (most others pay 1% with 5% rotating cashback every 3 months from different categories).
If you pass $11, 800 or more through the card per billing year, the Capital One Venture is probably a better choice. There's a $59 that you need to overcome, but it's effectively 2% for everything. The Fidelity Visa Signature appears to be 1.5% up to $15,000 annually, then 2% thereafter.
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#10
Quote from huevos View Post :
If you pass $11, 800 or more through the card per billing year, the Capital One Venture is probably a better choice. There's a $59 that you need to overcome, but it's effectively 2% for everything. The Fidelity Visa Signature appears to be 1.5% up to $15,000 annually, then 2% thereafter.
yeah, you're right. The Fidelity AMEX starts at 2% immediately though, but is less likely to be taken by a utility from what I've seen
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#11
I am buying prepaid mastercards from Kroger at $500 a time. There is a $6 fee (1.25% loss). I buy them with my Amex Blue Preferred which pays back 6%. I then get 1X gas reward points which for me is 3.5% return because I get the full 35 gallons (pick up plus two 5 gallon gas cans). Net return is 8.25%.

No other card/way can beat that.
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#12
Quote from porkyfan View Post :
I am buying prepaid mastercards from Kroger at $500 a time. There is a $6 fee (1.25% loss). I buy them with my Amex Blue Preferred which pays back 6%. I then get 1X gas reward points which for me is 3.5% return because I get the full 35 gallons (pick up plus two 5 gallon gas cans). Net return is 8.25%.

No other card/way can beat that.
8.25% of total cash back in a nice sum, without a doubt, but realistically the credit card's cashback is separate from the gas station's cash back.

After the prepaid gymnastics, you're effectively getting 4.75% cash back from your credit card. The PenFed Visa Platinum gives you 5% without need for messing with prepaid cards, giving you a 8.5% return on gas, and has no annual fee ($75 for the Amex Blue). From a purely gas-related standpoint, there's no way the Amex Blue can win.

Admittedly, you can buy prepaid cards at the supermarket to get 4.75% cash back on everything, which isn't a terrible idea, if not a bit cumbersome. The primary problem I see is that you're losing out on the various benefits that come with the Amex. Warranty extensions are pretty pointless if you're buying food at a supermarket, for instance, but it may be worthwhile for other types of items. It's a balancing act.
Last edited by huevos September 20, 2012 at 07:58 AM
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