How many cards do you carry? and do they give you the best cash back options? I suggest to carry around 3-5 cards in order to get the most cash back.
Here’s my list of the best Cash Back Credit Cards:
Best cash back cards for groceries/drugstores:
- 5% Cash Back from AmEx Blue Cash(after $6500 in spending)
General Cashback Anywhere on Any Purchases:
- 2% Citi Driver’s Edge: 1% Cashback but can double with 1 point/ 1 mile you drive
- 2% Cashback Countrywide Visa towards your Countrywide Mortgage
Restaurants:
- 5% Citi mtvU **Everyone can get this card
Top Cash Back Gas Credit Cards:
- 5% Discover Open Road Card
- 5% AmEx SimplyCash
- 5% Visa Platinum Penfed card
- 3% Chase PerfectCard MasterCard, 6% first 3 months
Office Supplies
- 5% American Express SimplyCash Card *5% gas and Telecom too
Hotel
- Starwood Preferred Guest Credit Card from American Express
- Hilton HHonors Platinum 5 points per dollar on eligible purchases
Best Cashback Student Cards
- Discover Student Open Road 5% cash back on Gas and auto maintenance
- Citi Student mtvU 5% cash back on Restaurants and more
- Chase Student Flexible Rewards 1% Cash back on Everything
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{ 15 comments… read them below or add one }
What’s this extra fractional % you’re sticking onto the Chase Freedom? Isn’t it 3% and 1%?
If you accumulate $200 in cash back, they will send you $250. Up to that point, it is only 3%. Of course, if you were able to take advantage of the $250 sign-up bonus, your percentage is even better…
If you’re trying to decide between carrying 2 cards, 3 cards, 4 cards, etc. This credit card reward calculator will figure out the best combinations of 1, 2, 3, 4, etc. cards and show you how much extra you earn for the hassle of managing each extra card:
Best Credit Card Reward Calculator
Richard,
the 3.75% is because if you wait for $200 in cash back check, they will throw in an extra $50. Hence, making the Chase Freedom card to be either 3.75% on groceries or 1.25% on every purchase
This is a great list. Thanks.
Your site is just great. I visit it every day. But I’m new to United States and my credit profile is just 10 months old with FICO score of 711 (Oct 8). I already have 1 chase, 1 BoA, 1 Wamu, 1 DCU, 1 KOHLS (Chase) and 1 JCPenny cards. I got WaMu last month. Is it wise for me to do App-O-Rama? Do you see a possibility for me getting more cards? I’ve received offers in mail from CapitalOne for 12 months 0% APR, but havent applied. Please advise from your experience.
Thanks.
San,
Yes. It shouldn’t be a problem to do App-O-rama. Make you read the Hustlermoneyblog series 1 through 7 on the top corner right to get all the details.
I get 5% cashback at grocery and drug stores with the Associated Bank Rebate card. I see little mention of this card. It is good at Walmart, too.
I have the AMEX Blue Cash and am waiting on a decision for the Countrywide/Bank of America mortgage principle card.
I can’t believe some of you have six or more credit cards. Doesn’t that screw your credit rating? I’ve always heard that when evaluating your credit rating if you have tons of unused credit you are seen as a risk and they dump your score.
Also, Hu$tler do you make significant income on these deals and how does it affect your credit rating opening and closing bank accounts and such?
Being cheap free money is right up my alley but I need to keep my credit score good. Thanks for any info.
Cheapster Bob,
I have over 20 credit cards. No doubt that it will hurt your credit score in the short run. Read my hustlermoneyblog series for more info on apporama.
However, you must understand how credit score work. In 6 months or so, your inquiries will go away. Your new credit limit is huge, hence making your credit score higher.
My friend, who is still a student with no income, did what I told him to do about applying for credit cards, now has a credit score over 730.
Will, do. Thanks!
I don’t get how Citi mtvU gives you 5% reward on restaurants……citibank website doesnt have clear info on it.
Citi mtvU gives you 5% back in the form of Thank You point. For every dollar you spent at a restaurant, they will give you 5 Thank You points.
Thanks for the list!
Hello,
There are lots of online shopping sites, but just a few that help you to find the best deals efficiently and easily with cash back offer.
Thanks
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