Best Credit Card with Cash Back Rewards

Fedor

<Banned>
17,347
47,319
131d 20h 19m
This is one of the best no-fee cards around and you'll never see it advertised on the usual "bestcreditcard" sites.

CreditCards - Sallie Mae Mastercard - Sallie Mae

5% cash back on the first $250 per month on gas purchases
5% cash back on the first $250 per month on grocery purchases
5% cash back on the first $750 per month on book purchases
Regular Amazon.com purchases and Amazon gift cards count as book purchases. These are excluded: Amazon Payments, Amazon Prime membership fee, and Amazon digital purchases.

I have excellentcreditatm and zero debt. I wonder if I started signing up tocreditcards with sign-up bonuses how long I'd be able to get before I started getting denied everywhere. Or I wonder if the pool of saidcreditcards is so small I'd only get a grand or so before I ran out of first-time bonuses to get. Either way I hate doing that shit and would never try it.
I've gotten ~$1700 in signup bonuses (add another ~$500 for bank account signup bonuses andcreditcard referrals) within the span of a year and my fico score is still 755.

My main card is the Fidelity American Express. It's 2% on every purchase and gets directly deposited into your Fidelity account(as cash).
I use this with Amazon Payments and basically get $20 in cashback for free every month. I send a friend $1k through AP using my Fidelity card and he sends it back to me through Google Wallet after having withdrawn it to his bank account. $1k per month is the limit for no fees for using acreditcard on AP.

It's also incredibly easy to meet minimum spending requirements for signup bonuses this way.
 

Fedor

<Banned>
17,347
47,319
131d 20h 19m
That is on the Fatwallet list. I have it, great card.
Yeah I probably should have been more specific. You won't see it on a "top 10creditcards" commercial blog post but forums and other places dedicated to these kinds of things definitely know about it.
 

Noodleface

A Mod Real Quick
37,960
14,481
62d 19h 51m
I'm going to check that Sallie Mae card out.. those cash back bonuses are ideal for me

Edit: Got the Sallie Mae card, pretty painless.
 

Vinen

God is dead
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420
10d 20h 34m
I'm going to check that Sallie Mae card out.. those cash back bonuses are ideal for me

Edit: Got the Sallie Mae card, pretty painless.
Nice card, limits are too low for me
frown.png


Trying to figure out if I should replace my Chase Sapphire. Wife and I abuse the crap out of the 2 points / dollar spent from restaurants.

Our points regularly purchase us a flight each a year.
 

Unidin

Lord Nagafen Raider
712
328
26d 15h 33m
Nothing says you cant have 2 or 3 or 8 cards. If you get the Freedom and Discover card, it will give you 5% on gas and groceries 3/4 quarters each year depending on how they overlap in promos. Plus the Freedom points can be moved over to your Sapphire card.
 

Deathwing

<Bronze Donator>
15,423
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209d 8h 51m
Isn't there is penalty to yourcreditscore for underutilizing your availablecredit?
 

Falstaff

Ahn'Qiraj Raider
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86d 11h 32m
I doubt it. I've had three cards that are going on 3+ years unused, one as long as like 10, and mycreditscore was 799 last year when I applied for my mortgage.

i was once told that actually canceling yourcreditcards is what will potentially hurt yourcreditscore, but it's all a mystery to me.
 

Noodleface

A Mod Real Quick
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Closing accounts is a negative for whatever reason, even if you are on good terms.
 

Vinen

God is dead
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420
10d 20h 34m
You can open up 6-8 cards without an issue. Over 10 and you're unlikely to get approved.
My biggest issue is I use a money-clip and as is I already have 2creditcards in it (Personal VISA and Joint VISA w/ Wife).
 

Noodleface

A Mod Real Quick
37,960
14,481
62d 19h 51m
Why would a sane human need 6,8, or 10creditcards?

I have one and I feel dangerous.
 

The Master

Bronze Squire
2,084
2
0
Why would a sane human need 6,8, or 10creditcards?

I have one and I feel dangerous.
I have a card that gives 2% on everything, one that gives 5% on restaurants, one that is 5% on gas/groceries/drug stores, a Costco AmEx which offers me some great benefits and I end up getting 3% back at Costco between the card and my Executive membership. I have the Amazon Visa, which is 3% on Amazon. I also have a Discover card for the rotating categories (the 12k I sunk into home improvement the last three months was intentionally lined up with the 5% back at home improvement stores they had for three months).

I never pay cash for anything and I average 4% back on everything I spend throughout the year.
 

Falstaff

Ahn'Qiraj Raider
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I have 6 I think. Amex for everyday, amazon for amazon, lowes for lowes, target for target, one to some furniture store that I don't use, and my bank debit card for when I go somewhere that doesn't take Amex.

I have an old capital one visa that I haven't used for like 10 years. And maybe one othercreditcard that I am not remembering.
 

Ritley

Karazhan Raider
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31,230
148d 11h 58m
I have 3 that I use. Amazon card for 3% back on amazon, 2% back on gas. Discover for rotating categories and ShopDiscover. A US Bank Cash+ card for 5% back on cellphone bill and restaurants.
 

Vinen

God is dead
2,765
420
10d 20h 34m
I have 6 I think. Amex for everyday, amazon for amazon, lowes for lowes, target for target, one to some furniture store that I don't use, and my bank debit card for when I go somewhere that doesn't take Amex.

I have an old capital one visa that I haven't used for like 10 years. And maybe one othercreditcard that I am not remembering.
Why would you use your Bank Debit Card?
 

Soygen

The Dirty Dozen For the Price of One
<Nazi Janitors>
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145d 13m
I have 3 cards that I use, but I have well over 10 open accounts and my score is in the upper 700s. Having a lot of availablecreditis good for your score, but a lot of young accounts will be a negative, though not by much.
 

Falstaff

Ahn'Qiraj Raider
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86d 11h 32m
Why would you use your Bank Debit Card?
Because I can't use my Amex because they don't take it? I don't carry a lot of those cards everywhere. Amazon stays in my desk drawer, lowes and target only come out when I actually go to that specific store.
 

Crone

Bronze Baronet of the Realm
9,656
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60d 4h 24m
Just sold our house and paid off all CC debt. I get quarterlycreditupdates, so I'm anxious to see if it does anything with my score. I was using over 50% of the balance, so I hope my score goes up a little. That'd be pretty sweet.
 

Void

Anti-Antigravity
<Gold Donor>
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101d 8h 1m
Because I can't use my Amex because they don't take it? I don't carry a lot of those cards everywhere. Amazon stays in my desk drawer, lowes and target only come out when I actually go to that specific store.
I think his point was more along the lines of, why aren't you using an actualcreditcard instead of the debit card? Now, I use my debit card too because I currently don't have a good rewards card, and it helps me budget better knowing it is coming directly out of my account, but if it is stolen (physically or otherwise) or mis-charged or even just used for something you end up returning, you're dealing with actual cash out of your account, not "imaginary" money so to speak. If a debit card gets stolen your bank account can often get seriously fucked up, making it difficult to pay bills while things are frozen and sorted out, so *most* people recommend not using a debitcreditcard if at all possible.

Again, that's not what I do, but I hope to change that soon, and having read this board long enough, I'm fairly certain that is the overwhelming viewpoint of the "smart spenders" here.