StarHusker said:Like chase cash reward plus: 5% on everyday purchase like household: 2% on everything like mtvU: 5% on restaurant and books and many others.
AFAIK, those all have annual limits.
However, the Fidelity 1.5% card has no limit, is 1.5% from the beginning, and lets you cash out every time you hit $75 (5k spend). Plus its a Visa so there's no issues with AMEX acceptance (no saying there is, but it becomes a nonissue).
However, I don't know of any card that has no-limit on 5% purcahses. If a big spender is to carry a single card and wants Cash Back, I don't think you can beat Blue Cash. I'm not aware of any card that beats 1.5% Cash Back with no max. However, you are loosing $65/yr on that first $6500, and even more if a large ammount of that is gas/groceries.
Xeon852 said:StarHusker said:Like chase cash reward plus: 5% on everyday purchase like household: 2% on everything like mtvU: 5% on restaurant and books and many others.
AFAIK, those all have annual limits.
However, the Fidelity 1.5% card has no limit, is 1.5% from the beginning, and lets you cash out every time you hit $75 (5k spend). Plus its a Visa so there's no issues with AMEX acceptance (no saying there is, but it becomes a nonissue).
However, I don't know of any card that has no-limit on 5% purcahses. If a big spender is to carry a single card and wants Cash Back, I don't think you can beat Blue Cash. I'm not aware of any card that beats 1.5% Cash Back with no max. However, you are loosing $65/yr on that first $6500, and even more if a large ammount of that is gas/groceries.
OP, Thanks for the heads up about Blue. That is good news. Unfortunately, Blue gets a bad rap here because people mention other mysterious cards which are more valuable.
The only "better cards" which others might be reffering to are probably those listed in Xerty's thread. or my own 5% reward thread. The problem with most of those cards, however, is that they either require a special invitation, or have a limited added reward area.
With that said, the Fidelity card is very good at a flat 1.5%. If you are looking for just one card though, or don't want a fidelity account, you'd probably make more using AMEX Blue Cash instead.
armulee said:SUCKISSTAPLES said:there are better rewards cards for big consumers
Like which cards? In my case, I spend about 70k-80k annaully and couldn't find a better cash reward card. Do I miss some cards?
The Costco American Express card is better, in my opinion. You don't have to live by Costco except to cash the check they mail to you in your February statement.
musix4me said:armulee said:SUCKISSTAPLES said:there are better rewards cards for big consumers
Like which cards? In my case, I spend about 70k-80k annaully and couldn't find a better cash reward card. Do I miss some cards?
The Costco American Express card is better, in my opinion. You don't have to live by Costco except to cash the check they mail to you in your Feburary statement.
3% eating out 2% travel 1% everything else
yes to costco am. ex. card for use at restaurants, travel and costco ... you don't have to reach milestones to redeem your rewards, a check comes automatically each year and card also is your costco membership card ... add a chase rewards card that has 5% back on gas, supermarket and drug stores to use in those places ... and then use the 'old' fidelity mc with 1.5 percent automatically each quarter to fidelity account for purchase elsewhere elsewhere ... btw, costco am.ex. has very good warranty extension provison and customer service from am.exe is usually very good too
musix4me said:The Costco American Express card is better, in my opinion. You don't have to live by Costco except to cash the check they mail to you in your February statement.
3% eating out 2% travel 1% everything else You've gotta do some heavy duty dining out (and not have a car) for the AMEX Costco card to be better than a 5% gas/supermarket card. I have a Costco AMEX card and I certainly use it for all of my dining charges, but the 5% on gas/drug stores/supermarkets is great. I will miss my Citi Dividend card .
And you do have to pay the $50 annual membership fee for Costco, and if you don't live near one that is wasted.
This is flaming brilliant. I just noticed this same thing on my statement today and came over to post the same good news.
Of course, I had just got around the $50,000 ( = $685 Cash Back) limit by having multiple AMEX blue cash cards. But this means I don't have to worry about that any more, and can reallocate all those credit lines into my one oldest card and close the other cards.
I challenge ANYONE to show me a 1)current, 2)cash-back, (not points) 3)no cap on rewards, credit card that is a better option **for "everything else" purchases.**
This has to be the best option if you buy a lot of expensive stuff like electronics online or elsewhere for resale. For example, I spend $20,000/mo x 12 months * 1.5% = $3502 Cash Back (after passing the initial $6500 cap)
darqice said: I challenge ANYONE to show me a 1)current, 2)cash-back, (not points) 3)no cap on rewards, credit card that is a better option **for "everything else" purchases.**
This has to be the best option if you buy a lot of expensive stuff like electronics online or elsewhere for resale. For example, I spend $20,000/mo x 12 months * 1.5% = $3502 Cash Back (after passing the initial $6500 cap)
Yes, $3500 Cash Back. That is friggin awesome! Well, the Fidelity card is, because you get the cahs every time you hit $75 instead of only once a year, and you earn at 1.5% all the time. But this card is still the best cash-back card for big spenders once that first $6500 becomes minimal, due to the unlimited 5% on gas/groceries.
However - I'm assuming you are using this for business purchases - did you notice the new exclusion on the revised T&C's that says it is only for home use? (not in those exact words). Who knows if AMEX will enforce this, but something to look out for.
darqice said:hmmm.. of course now I also see this update in the T&Cs
"You agree to use the Account only for legitimate purchases of goods and services for **personal family or household purposes."**
Anyone care to comment on that, and how stringent AMEX could be in enforcing that policy? (or if they already have been enforcing it in the past)
I'm not sure (pointed that out in my post but you hit reply first ). I'm guessing its more of a "we need a reason to limit you if we decide to" thing, but I have no idea how/if they will enforce it.
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). I'm guessing its more of a "we need a reason to limit you if we decide to" thing, but I have no idea how/if they will enforce it.