What is the best rewards credit card?

Author: guest
Guest
Posted: Mon May 10, 2004 5:26 pm
Post subject: best rewards card

what is the best rewards card out there? i dont care about apr or intrest at all. what one will give me the most money back or the best reward?

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Author: NightStar
Forum Moderator
Joined: 07 Nov 2003
Posts: 2159
Location: Illinois
Posted: Mon May 10, 2004 6:03 pm

Depends on what you mean, best rewards for... Do you need card for gas purchases, airline miles, cash dividends...cards like for diners club, soney points... Give a bit more details...

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Author: Guest
Posted: Mon May 10, 2004 7:01 pm

i guess i am looking to get the most back so something like if i get 2% cash back vs 3% cash back for gas purchases then i would want the gas card. but do you have like a list of some pretty good ones? maybe one from every "class"?

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Author: NightStar
Forum Moderator
Joined: 07 Nov 2003
Posts: 2159
Location: Illinois
Posted: Mon May 10, 2004 8:00 pm

Here is what is recommended by this site:

http://www.cardratings.com/cashbackcreditcards.html

Here is others located just by typing in credit card rewards:

credit-card-applications-center.com/cash-back-credit-cards.htm

creditcardmenu.com/ccm/cash_rebate_credit_cards.html

creditcardshop.com/

creditcardgoodies.com/analysis/

cardweb.com/cardlocator/featured.amp

Right now looks like Chase is one of the better offers out there, least what I keep seeing from site to site.

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Author: Space Ghost
Guest
Posted: Sat May 15, 2004 1:19 pm

I ran across one credit card site that offered to invest 1% of purchases for you. I do not remember the location of this site. Does anyone know of any cards off hand that invests your reward? (as opposed to cash back, FF miles, rebates, ect ..)

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Author: Charley
Guest
Posted: Sun May 16, 2004 11:52 am
Post subject: Rewards

I look for the dollar equivalent of rewards to measure how good the rewards program is. The easiest to judge is a program that gives you cash back. Most will payoff at a 1% rate. Charge $5000, get a $50 gift certificate. Watchout for mechandise rewards. You will find that you can do much better taking the cash and going out and buying the reward at a local discounter. Compare the bottom line in dollars and most merchandise rewards payoff at about a 0.7% rate. The best cash back card that I found is the Fidelity Investments card that pays cash back at a 1.5% rate. That is really good. The catch is that you have to have a Fidelity brokerage account. I think the gas cards and GM cards pay at a pretty good rate too. If you can pay off your card monthly and avoid interest charges and fees, reward cards can be worth something.

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