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I spend about $60,000 annually on things that are classified as "all other purchases". Based on my research, I believe that the Sam's Club Discover Visa card will earn me the most cash-back. Check out he following breakdown. But I want to double check to make sure if anyone here knows of a card that will perhaps give me even more cash-back.
Up to $1,500 0.25% $1,500.01 - $3,000 0.50% $3,000.01 - $5,000 1.00% $5,000.01 - $10,000 1.75% $10,000.01 - $1,000,000 2.00% So First $1,500 Rebate amount: $3.75 $1,500.01 - $3,000 Rebate amount: $7.5 $3,000.01 - $5,000 Rebate amount: $20 $5,000.01 - $10,000 Rebate amount: $87.5 $10,000.01 - $60,000 Rebate amount: $1,024 Total rebate amount: $1,142.75 minus $100 (Sam's club membership fee)= $1,042.75 Thanks alot for your advice. |
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Have you considered the Blue Cash? While 2% above $10k looks good, you might want to check out how it looks if you breakdown your spending. I suspect using a combination of cards may also work better. Tell me your results when you use our calculator :
You can check it out here : http://www.askmrcreditcard.com/cashb...alculator.html |
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I will have to use other cashback credit cards for my grocery, gas and utility but for "other purchases" I believe the Sam's club discover card offers better cashback then Blue Cash, but only drawback is you must cash the cheque at a Sam's club.
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May be you can find it here.
Credit Card Advisor - BillShrink |
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1. PenFed CashRewards Platinum Visa - 5% gas at pump, 2% - groceries, 1.25% - everything else. No AF, CL is reported, EQ hard pull
2. Chase Freedom = 3% back on 12 categories, 1% every thing else. No AF, signature version does noteport CL, most likely EXP hard pull. 3. Amex Blue Cash - 5% back on gas, 1.5% on everuthing else. Must spend at least 6k a year, no AF, reports CL, most likely EXP hard pull. 4. HSBC Weekend Card. 1% back when used Mon through Fri, 2% back Sat and Sun. No AF, may pull all three CRA. |
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Have you looked at: Citi CashReturnsSM MasterCard®
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