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Best Cash Back Credit Card

dealgrabber1 780 110 August 10, 2015 at 09:36 PM
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I've going back and forth for a week and I can't figure out which card to go with as our daily card (90% of spend will go on it).

Im only looking for cash back value.

Im leaning towards the citi double cash card since chase freedom is devaluing their rewards program.

i have the discover IT card, but not keen on the changing categories every quarter.

I hate that the citi double cash back doesn't have a sign up bonus. I may ditch it for one that can give me at least $300 back.

just wanted to see what people were using for cash back rewards.

TIA

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#2
I have a combination of cards. For everyday purchases that don't fit into a category on one of my 5% cards, I use the doublecash card or my amex everyday. Generally speaking, other than category cards, the doublecash card is the best you're going to get in terms of pure unlimited cash back. I swap to one of my 5% cards for something that falls into one of those categories at the time.
signup bonuses are nice, but it also depends on how much you spend whether the signup bonus outweighs the extra cashback over time
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#3
Quote from Silvas View Post :
I have a combination of cards. For everyday purchases that don't fit into a category on one of my 5% cards, I use the doublecash card or my amex everyday. Generally speaking, other than category cards, the doublecash card is the best you're going to get in terms of pure unlimited cash back. I swap to one of my 5% cards for something that falls into one of those categories at the time.
signup bonuses are nice, but it also depends on how much you spend whether the signup bonus outweighs the extra cashback over time
I do the same. I use a Sallie Mae Barclaycard to get 5% back on gas, groceries, and bookstores (Amazon.com is considered a bookstore) up to the monthly limit.I use the Citi DoubleCash for pretty much everything else. The Amex Blue Cash Preferred is also worth considering if you spend enough on groceries.
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#4
the 2 CB CCs that I use more often now are Citi Doublecash and DiscoverIT (signed up for the double CB promo for the next 12 statements). For the Citi, I get my full 2% soon as statement posts since I pay all charges on or before cut off date. For DiscoverIT, I get 1% for now unless I buy items under 5% bonus categories and the doubling part will be posted in July 2016. So far, these 2 cards have been very useful to me and customer service on both is excellent.
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#5
Citi Doublecash is a real game changer IMO. Flat 2% back on non-AMEX card It's a mastercard. I go between that and my fidelity 2% AMEX which requires a brokerage account.

The 2% cards are nice unless you want to deal with tracking revolving categories and such with the other cards like Chase Freedom and Discover.
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#6
I'll echo what the rest have said - use a combination. The Citi Double-Cash is probably the best in the long-run for a cover-all card. 2% cash back on all transactions is nice, even if it's just your backup card.

I'm a huge proponent of the SallieMae MasterCard because of the aforementioned 5% in groceries, gas and Bookstores (Amazon) - up to $250 monthly in both gas and groceries, $750 in Amazon.

The rotating cards are six of one / half dozen of the other, regarding Chase Freedom and Discover IT. The IT, I believe, does offer the first-year doubling perk, which is nice.

Long story short, I would lean toward the Double Cash. You may not get a $200 sign-up bonus, but the 2% on every transaction will eventually overtake that initial luster of a front-loaded bonus.
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#7
Quote from dealgrabber1 View Post :
I've going back and forth for a week and I can't figure out which card to go with as our daily card (90% of spend will go on it).

Im only looking for cash back value.

...

TIA
You can also use the credit card reward calculator at http://www.creditcardtuneup.com/ [creditcardtuneup.com] to get ideas for individual cards and combinations of cards that will pay you more cash back for your regular monthly expenses.
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#8
i recommend Sallie Mae as others said.
since, you have Discover IT, please do a chat with the customer support & enable the 2% cash back offer. the offer starts from next billing date till 12 consecutive cycles & they add the extra cash back after 12 billing cycles.
for ex: if you made $500(including 5% categories+% from shopdiscover + regular 1%) in cashback in these 12 cycles, you will get $500 extra at the offer end period.
so, at the end, the revolving categories netting you 10% cashback/2% on shop discover / 2%all other transactions

i think better to wait on 2% citi card till the end of this Discover offer.
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Last edited by PradeepReddy August 14, 2015 at 08:14 AM

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#9
regarding those who already have DiscoverIT cards and was not able to enroll for the doublecash back offer for next 12 statements, FYI, they changed the terms so that it is available ONLY for new members. I enrolled on June 2 soon as I read it on blogs and on June 24 many reported that current members were no longer eligible to get the offer when they call. But for new registrants, you are eligible for this plus $50 sign up bonus.
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#10
Quote from mamabear209 View Post :
regarding those who already have DiscoverIT cards and was not able to enroll for the doublecash back offer for next 12 statements, FYI, they changed the terms so that it is available ONLY for new members. I enrolled on June 2 soon as I read it on blogs and on June 24 many reported that current members were no longer eligible to get the offer when they call. But for new registrants, you are eligible for this plus $50 sign up bonus.
I believe you are correct Mamabear209 (modesto area?)

I ended up going with the citi double cash back card. I didn't want to screw around with rotating categories and went with the no holds bar, straight forward 2% card. Should be here this coming week!
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#11
I agree that Citi DoubleCash is a good choice at the moment for pure cash back on all transactions
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#12
Is the Sallie Mae Barclay card still available? I can't seem to find a link to apply. It usually directs me to the Upromise sallie mae card which get u 5% for restuarants.
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#13
it appears the sallie mae card was discontinued 9/25 for new applications.

https://www.reddit.com/r/churning...astercard/
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#14
Quote from honeybun75 View Post :
Is the Sallie Mae Barclay card still available? I can't seem to find a link to apply. It usually directs me to the Upromise sallie mae card which get u 5% for restuarants.
I checked the Sallie Mae card on 9/30 and it was dead at that time, assuming Barclay would "adjust" the benefits.

Back to the OP's question, my votes go to Citi Double Cash + AmEx BCP. To be aware that BCP have got $75 ANNUAL FEE.
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#15
just to add info on amex BCP, the 6% on qualified grocery stores is limited to $6K only which translates to $360 RD that you can redeem for statement credit. Subtracting $75 AF, that'll be $285 net RD. With BCE, there's no annual fee, 3% up to $6K on qualified grocery stores.
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