My husband and I are responsible adults, have excellent credit and always pay our credit cards off in full every month, so we aren't looking for a lecture on how credit cards are bad…they aren't -unless you are irresponsible with them.
That said, what is the best credit card out there that offers incentives such as cash back? We aren't necessarily looking for frequent flyer miles because we don't fly very often, rather, we're looking for a card that will give us points for everyday purchases (groceries, mortgage, gas, car payments) that will give us cash back.
What is the best card for this? Thanks!
The Costco American Express card pays back 2 percent and does not have an annual fee. In addition, Costco also gives a rebate to Executive customers. We find it very beneficial.
I agree that credit cards are a great convenience if one uses them responsibly. We never pay any interest, and our cards are paid automatically from our bank account, so we don't even have to write a check or buy postage.
There may be other cash back cards. We had a card that paid "up to 2 percent" but it really only amounted to 1.4% on the first $10,000 of spending. We used that card until we charged $10,000 then switched to another. But now they only reward you with magazine subscriptions for which you have to pay. We use Master Card only if the store does nto accept AmEx.
I now have a Citi Dividend Pltinum Master Card that pays cash back, but they cut it down to a $300 limit per year.