Latest responses to “The Best Cash Back Credit Card - If I Could Only Pick Just One” Copyright 2012, MoneyBlueBook.com 455910 2009-10-06T23:08:21-07:00 Laura As a former Washington Mutual customer who was switched to a Chase checking account, I actually walked into a Chase bank last week and got a sales pitch on the Chase Freedom card. There was no mention of cash back, just point rewards, which I don't prefer because they get all convoluted. I've had Amex Blue for years and prefer the straightforwardness of it. If you use your main credit card constantly as I do, you will not have a problem hitting the $6,500 threshold. And though you only get your cash rebate once a year, it comes out to hundreds of dollars - a large amount you will actually notice. I'll just stick with their card. 455890 2009-10-04T23:49:12-07:00 Ken Chase Freedom Card is now dropping the 3% cash back, for 1 point a dollar and 1 point a purchase which means they are cutting cash back to less than 1.5%. Said in big envelope with pretty pictures in letter that this was a better program. I understand they are slashing what they give back, so I slashed up the card and went back to using Amex cash back card. 455850 2009-10-03T18:34:32-07:00 Dennis J My Discover Open Road card is dropping the 5% Cashback bonus effective January 2010. They will change to 2% Cashback Bonus. They say flexible redemption options starting at just $20.00. But they make me wait until I have $50.00. No explanation! I really believe they recanted what they offered to me. 455900 2009-09-21T15:18:46-07:00 Mark There's a big gotcha with Amex Blue Cash for 5% cash back on gas, groceries, and drug stores: the retailer must self-identify as one of those categories, otherwise Amex will credit at the lower 1.25% rate (down from 1.5% last year). I've found that many gas and grocery stores do not properly self-identify, which can significantly lower your benefit. This caveat, coupled with the $6,500 threshold and that you must wait until the end of your billing year to get the credit has caused me to switch back to a Capital One no-hassles reward Visa, which credits a flat 1.25% on all purchases. I am considering a dedicated gas card, though, to re-capture more of my gas money. 455830 2009-09-01T19:24:25-07:00 Ken Having used both Chase and Amex I like the simplicity of getting back cash from Chase whenever I hit the $50 worth of rebates (about every three months) while Amex will only do this once a year. (a long wait indeed). 455880 2009-08-31T18:38:15-07:00 kaline Discover has a credit card that gives 5% cash back for gas. 455870 2009-08-01T16:47:19-07:00 orourke Chase has changed their terms for the Freedom Card. They are no longer giving cash rebates for gas purchases as a credit against the next months bill. They are going to the "points" method. I'm canceling my account and moving to either Discover or American Express I think. 455840 2009-06-07T15:40:35-07:00 John Is American Express accepted in as many retail stores as Visa or MC cash cards? I signed up for an Amex Blue Cash card but have not activated the card yet. If I can't use it everywhere "I want to be," the savings won't be as great. Thanks in advance for any feedback from current Amex Blue Cash card users. 455860 2009-05-24T12:29:50-07:00 Robin Chase Freedom is canceling their 3% promotion (at least for some people). They canceled mine as of July 1 but not my husband's. Probably because I utilitized the rewards more than he did. 455800 2008-07-21T12:34:08-07:00 Ken Jones First I want to thank you for all of your research. Discover Cards sent me an offer for their new (I think) discover More card with additional cash back features, but when comparing it to my AMEX Blue it seems lacking. I have a Chase Card and have not used it in months. It seems from your figures that I might want to switch use to Chase. I buy about $400 or more worth of gas per month. Where do they cap your cash back in a catagory? Should I charge amounts over that on a different card? Thanks, Ken