Current Events > Reminder: Use a credit card with cash back rewards

(+) Yeah! (+)

If you're capable of always paying your card back on time then you have no reason not to get a credit card with cash back rewards. You'll build your credit and get literal free money back. Here are my cash back from last month on just doing normal everyday spending using my CC.

https://gamefaqs.gamespot.com/a/user_image/8/8/1/AAAHH2AAE2hJ.png

True

I get 2% for groceries and 0.5% on everything else on mine

Supposed to get 2% on bill payments but it doesn't work for phone, internet, or even insurance for some reason...

It's a wash these days given how so many places charge a CC fee, have a cash pay discount.

Granted you don't get that at a grocery store or big box store, yet.

No, get a rewards card that lets you use on the travel portal or transfer to airlines/hotels.

You still have the option of cash back. It's usually a terrible redemption value

i use my debbie card for everything

I get 2% back on everything, its p cool tbh

Usually it's American Express that has the best credit cards...

I use Venture and I haven't paid for a flight in 5 years. There's a $100 annual fee but I earn way more than that back so whatever.

Yep, mines 3% with online purchases, 2% groceries, and 1% on everything else.

How did you get 76 dollars cash back in one month? I have a Capital One Quicksilver card and while I don't use it all the time I would use it frequently and I'd get that maybe in a year! I must have either a terrible cash back percentage or not realize what the exclusions are.

Its not for everybody though, specially younger people and those who buy stuff just because.

That said I got the Amazon Prime visa with 5% cashback on amazon purchases and on everything else for a period of 3 months. Racked up close to $200 just from paying bills and some other stuff with it. And I also got a 150 gift card when I opened it. Of course, this is all a predatory move to get some people hooked and paying interests each month.

Make your cards work for you.

Venture X: 5x flights and 10x flights through portal plus a $300 credit for that. 2x on everything else.

Sapphire Preferred: 3.1x dining, 5x Lyft, 5x travel through portal, 2x other travel, 3x streaming, 3x online groceries

Freedom Flex: 3x dining, 5x quarterly categories (gas, Paypal, etc), extra 5x gas signup bonus, 5x groceries signup bonus, 3x drug stores

Freedom Unlimited: 3x dining, 3x drug stores, 1.5x everything else

Amex Plat: 5x flights, $1000+ in benefits (Uber/Eats credits, streaming credits, Walmart credit, Paramount credit, airline fee credit, Saks credit, hotel credit, etc)

Kamil posted...

How did you get 76 dollars cash back in one month? I have a Capital One Quicksilver card and while I don't use it all the time I would use it frequently and I'd get that maybe in a year! I must have either a terrible cash back percentage or not realize what the exclusions are.

I use my rewards card on everything. The only times I don't use it on is for places that won't accept them such as mortgage payments and some utility bills that won't accept a CC or they charge you more for using a CC vs direct payment through your checking account. Here is my spending since beginning of the year.

https://gamefaqs.gamespot.com/a/user_image/1/8/5/AAAHH2AAE2l5.png

If you're not getting at least 1 cent per point on redemptions, you're screwing yourself.

So you spent more than $3.5-5k that month?

I'd rather limit my spending, thanks

Last year I had my wedding and honeymoon and spent as much as possible on my card. Obv it didnt pay for those things but I ended up with like $1500 in points

Everything should be paid on your credit cards.

Even for a mortgage, Plastiq is an option.

Sexypwnstar posted...

So you spent more than $3.5-5k that month?

I'd rather limit my spending, thanks

Having a mortgage and paying all these bills sucks but yes I am a big spender

Starks posted...

Everything should be paid on your credit cards.

Even for a mortgage, Plastiq is an option.

That's....possible?

CARRRNE_ASADA posted...

That's....possible?

Usually theyre charging a fee that will outweigh the rewards so not really advisable unless youre churning and just need to rack up total spending to meet the threshold for the 1 time reward

A couple of points:

A) Has anybody found a CC that gives a flat 3% or higher back on everything? Well Fargo has a flat 2% (and I don't eat out/travel/etc that much for the 5% categories on other cards)

B) Bilt CC is the first (I believe) to give cashback when paying rent AND covers the additional fee a lot of apartments charge. It's not much but it's free money (no annual fee etc)

Ruvan22 posted...

B) Bilt CC is the first (I believe) to give cashback when paying rent AND covers the additional fee a lot of apartments charge. It's not much but it's free money (no annual fee etc)

Does it cover mortgages?

As I mentioned previously, you might need to use Plastiq as a middle man. And you won't escape the fees.

But at the end of the day, putting rent or mortgage on a credit card can be useful for meeting sign up bonuses. You can also treat the points you'll get are worth more than the fee.

I want to like Bilt, but the constant waves of fraud and lack of a proper sign up bonus are discouraging. There's still no decent way to get a huge sign up bonus for American airlines and their affiliates without getting an American airlines card. I guess that's why American was okay with being their transfer partner when no one else is allowed to be.

Spend like 5k and maybe get $200 back

What an amazing deal

You are correct TC

Trumpo posted...

Spend like 5k and maybe get $200 back

What an amazing deal

If it's money you have to spend anyways? Yeah, that's pretty awesome.

Trumpo posted...

Spend like 5k and maybe get $200 back

What an amazing deal

Free money

I use my points to buy apple cards to pay for my apple music sub.

VeggetaX posted...

Does it cover mortgages?

Unfortunately it doesn't

Ruvan22 posted...

A couple of points:

A) Has anybody found a CC that gives a flat 3% or higher back on everything? Well Fargo has a flat 2% (and I don't eat out/travel/etc that much for the 5% categories on other cards)

B) Bilt CC is the first (I believe) to give cashback when paying rent AND covers the additional fee a lot of apartments charge. It's not much but it's free money (no annual fee etc)

It's not a flat 3% but the BoA one I have lets me change what I get my 3% on every few months.