Author Topic: Best Cashback card for general purchases?  (Read 3491 times)

Online S209

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Re: Best Cashback card for general purchases?
« Reply #30 on: December 09, 2018, 02:09:36 AM »
Open a Sapphire Reserve, sell the points, and then pay cash for 3 years. You’ll come out way ahead.
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Offline herb

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Re: Best Cashback card for general purchases?
« Reply #31 on: December 09, 2018, 11:14:15 AM »
Open a Sapphire Reserve, sell the points, and then pay cash for 3 years. You’ll come out way ahead.
i used to have spg which at the time was highest value for selling points but have since switched to cb cards. im not just looking to open and close cards while making $ off sign-up bonuses

Offline yitzf

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Re: Best Cashback card for general purchases?
« Reply #32 on: December 09, 2018, 07:19:17 PM »
Amex blue cash preferred gives 6% on the first 6k of groceries, 3% for gas, 1% for everything else. Has a $95 annual fee so if you just use it for 6k in groceries you'll net about 4.5%.

Offline ExGingi

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Re: Best Cashback card for general purchases?
« Reply #33 on: December 09, 2018, 08:43:35 PM »
Amex blue cash preferred gives 6% on the first 6k of groceries, 3% for gas, 1% for everything else. Has a $95 annual fee so if you just use it for 6k in groceries you'll net about 4.5%.
How is that better than the Everyday Preferred (assuming you make 30 charges per month)?
I've been waiting over 5 years with bated breath for someone to say that!
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Offline herb

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Re: Best Cashback card for general purchases?
« Reply #34 on: December 09, 2018, 11:03:36 PM »
Amex gold 4% Grocerys up to 25k
this card is not cashback

Offline Joel2

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Re: Best Cashback card for general purchases?
« Reply #35 on: December 09, 2018, 11:37:01 PM »
this card is not cashback
Can be redeemed for cashback

Offline herb

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Re: Best Cashback card for general purchases?
« Reply #36 on: December 10, 2018, 01:02:39 AM »
Can be redeemed for cashback
as 1 cent per point?

Offline Freecountry

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Re: Best Cashback card for general purchases?
« Reply #37 on: December 10, 2018, 05:58:19 PM »
as 1 cent per point?
Can be redeemed for cashback
you can't redeem Amex mr points for straight Cash back at 1cent per point. They give .7 cents per point so 4 points per dollar is really 2.8 cents per dollar. Furthermore they don't give straight Cash back or even statement credit it goes based on your purchases for example if you have 1000 mr points and a $100 dollar statement they won't give you $7  off your statement ( .7 cents per point x1000 =$7)  only if you had a $7 purchase in that statement would you be able to redeem this 1000 points for that transaction. Even the amex Cash back cards ( blue cash...) Don't give cash back, only statement credits in increments of $25

Offline herb

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Re: Best Cashback card for general purchases?
« Reply #38 on: December 10, 2018, 11:30:39 PM »
you can't redeem Amex mr points for straight Cash back at 1cent per point. They give .7 cents per point so 4 points per dollar is really 2.8 cents per dollar. Furthermore they don't give straight Cash back or even statement credit it goes based on your purchases for example if you have 1000 mr points and a $100 dollar statement they won't give you $7  off your statement ( .7 cents per point x1000 =$7)  only if you had a $7 purchase in that statement would you be able to redeem this 1000 points for that transaction. Even the amex Cash back cards ( blue cash...) Don't give cash back, only statement credits in increments of $25
thanks. sounds more right. back to the drawing table for cash back cards with highest % for each catergory...

Offline aygart

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Re: Best Cashback card for general purchases?
« Reply #39 on: December 10, 2018, 11:43:59 PM »
you can't redeem Amex mr points for straight Cash back at 1cent per point. They give .7 cents per point so 4 points per dollar is really 2.8 cents per dollar. Furthermore they don't give straight Cash back or even statement credit it goes based on your purchases for example if you have 1000 mr points and a $100 dollar statement they won't give you $7  off your statement ( .7 cents per point x1000 =$7)  only if you had a $7 purchase in that statement would you be able to redeem this 1000 points for that transaction. Even the amex Cash back cards ( blue cash...) Don't give cash back, only statement credits in increments of $25
With a Schwab account and card you can get more.

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Re: Best Cashback card for general purchases?
« Reply #40 on: December 10, 2018, 11:46:59 PM »
With a Schwab account and card you can get more.
Only with the Platinum, right? Not sure OPs quite up to $550 AFs yet lol
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Offline noturbizniss

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Re: Best Cashback card for general purchases?
« Reply #41 on: December 11, 2018, 12:07:41 AM »
Also get more with biz plat book with rewards. 35% back
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Offline Freecountry

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Re: Best Cashback card for general purchases?
« Reply #42 on: December 11, 2018, 12:14:06 PM »
Also get more with biz plat book with rewards. 35% back
we're talking about cash back. If he wants travel then he should go for the chase trifecta....

Offline herb

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Re: Best Cashback card for general purchases?
« Reply #43 on: December 11, 2018, 09:25:46 PM »
we're talking about cash back. If he wants travel then he should go for the chase trifecta....
Amex blue cash preferred gives 6% on the first 6k of groceries, 3% for gas, 1% for everything else. Has a $95 annual fee so if you just use it for 6k in groceries you'll net about 4.5%.
Also get more with biz plat book with rewards. 35% back
thanks everybody for trying to help out but im still not left with any clear answers for which cards to get...?

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Re: Best Cashback card for general purchases?
« Reply #44 on: December 11, 2018, 09:46:32 PM »
Open a Sapphire Reserve, sell the points, and then pay cash for 3 years. You’ll come out way ahead.
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