Filed under Money, Travel and Life
2 comments
The best general purpose cash back credit cards in my opinion are:
- Fidelity Retirement Rewards American Express Card:
- 2% cashback on everything – even on your Costco purchases (2 points for each dollar spent. 2500 points = $50 in your Fidelity account)
- Automatic Redemption
- No Annual Fee
- No Limits on cashback
- Schwab Bank Invest First Visa (signature or platinum) Card:
- 2% cashback on everything
- Automatic Redemption
- No Annual Fee
- No Limits on cashback
- No Foreign Transaction Fee
- Visa Signature benefits (if you qualify for limit of $5000 or more)
The best cash back Credit card currently offered is through Pentagon Federal Credit Union.
Tyrone,
I do not know how you reached that conclusion.
Facts to consider:
# The Pentagon Federal Credit Union Card is not available to most people
#The website (https://www.penfed.org/productsAndRates/creditC...) shows that the card offers only 1.25% cashback on most transactions.
#They deploy the popular gimmick of offering higher cashback on gas and grocery but one must carefully consider what percentage of your monthly expense are those transactions.