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What are the best rewards CC out there?

January 29th, 2009 at 01:19 am

I feel like I am going to have to shop for a new credit card again soon. I've had this Providian Card from the mypoints.com program for a few years now, and I have this feeling the banks are going to discontinue the service. Providian was purchased by Washington Mutual, but as Wamu continued to service the card, all the features were intact. My favorite feature was the free credit score service as Providian worked in conjunction with Trans Union. Well, I just received a notice from Chase, who is working on the transition to take over Wamu services, that I will lose the credit profile feature in a couple of months. I remember back when the mypoints.com credit card was serviced by Citibank. One day, I get a letter saying that they were discontinuing the mypoints card and that my card would become inactive in a few months, and any balance would be due right away or can be transferred to another credit card service. I get the same feeling that this current card is about to get dropped too.

So fellow savers, what are some good rewards based credit cards out there with no annual fees?

Posted in Financing | 3 Comments »

3 Responses to “What are the best rewards CC out there?”

  1. momsfirststep Says:
    January 29th, 2009 at 06:00 am 1233208829
    1233208829

    I like my American Express Blue Cash card. For up to the first $6,500 in purchases, I receive 1% of my purchases at grocery stores, gas stations, and drug stores and 1/2% for all other purchases. But once you spend over $6,500 for the year, you receive 5% of your purchases at grocery stores, gas stations, and drug stores, and 1.5% for all other purchases. Your cash is credited back to your account on your anniversary date.

    I spend a lot of money every year on the card. Last year I was credited over $850 on my anniversary date (not bad since it's tax-free money). I try to charge everything (utilities, car insurance, gym membership). I try to buy as much as I can at the grocery store or drug stores if the price is right. Some stores do not accept American Express so I have a back up Visa that I get rewards for. Good luck!

  2. Ima saver Says:
    January 29th, 2009 at 02:08 pm 1233238109
    1233238109

    I use the Chase rewards card. we get 3% back from home improvement stores, where we spend the most. (dh is a builder) I usually get a check back for $50 a month.

  3. dmontngrey Says:
    January 29th, 2009 at 05:51 pm 1233251469
    1233251469

    Chase Freedom: 3% back on top categories per month, 1% everything else.

    PENFED: 5% on gas, 2% on grocery, 1.25% everything else. This one is nice because the rebates are automatically credited each month. If you are not eligible to join PENFED via military affiliation, you can join through NMFA for a $20 fee. I thank my brother for his military service making me eligible!

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