I use these credit cards based on their rewards. Gas - 4% - Citi Costco Restaurant - 3% - Citi Costco Travel - 3% - Citi Costco Grocery - 2% (*1.75 if platinum honors) - BOA Online shopping - 3% (*1.75 if platinum honors) - BOA Target - 5% - Target Red card Amazon - 5% - Amazon Prime card Other - 1% (*1.75 if platinum honors) - BOA Do you think if something else can be better for any one of these?
You can do better on grocery store - look at Citi custom cash card
U.S. Bank Altitude Reserve Visa pays 3% cashback on all mobile wallet purchases, and if you redeem the points on travel, you get the 1.5X multiplier, which is equivalent to 4.5% cashback. It's the best premium credit card for the money, since the effective annual fee is just $75 after the automatic $325 credit for dining and travel purchases. You get Priority Pass access, extended warranty, return protection, no foreign transaction fee, etc. This is the best card to use at Costco and get 4.5% cashback. https://www.usbank.com/credit-cards/altitude-reserve-visa-infinite-credit-card.html Benefits: https://mycardgtb.com/altitudereserve
Do note that you'd have to spend >4k a year on this to have an edge over BofA unlimited for general spend cashback to justify the $75— wouldn't be too hard though.
Here's my setup: Dining/Grocery: 4x points from Amex Gold (>=4%) Travel: 3x Amex Gold for planes / 3x overall from Chase Sapphire Reserve Online shopping: 5.25% from BofA cash rewards Gas: 5.25% from BofA cash rewards (I have two) PayPal: 3% from PayPal cashback card Uber: 10% from C1 SavorOne Lyft: 10x points from Chase Sapphire Reserve General Spend: 2.625% from BofA unlimited cash rewards Note: this is with 1.75x BofA multiplier I use all the GrubHub and Uber credits from Amex Gold without any issue so that's effectively a $10 annual fee, and CSR is temporarily for the next year until I downgrade. If you don't have 50k+ in BofA, a good general spend card is PayPal (3% PayPal and 2% other) or for a paid card, C1 VentureX (2x miles on all purchases, easy to offset it's entire AF).
BofA cards suck
If you don't have money, yeah
But there’s cards with richer rewards that don’t require deposit balances. You’re also paying more in forgone deposits interest income than rewards. Also.. i was platinum honors until I moved everything out of BofA
CSP / CSR