I have only one thing in my mind when choosing credit cards. ‘Cash is the King’. The flexibility of cash gives me an absolute advantage over other travel rewards credit cards. I researched a bit of the US cash back credit cards and there are 3 strong contenders based on a cash back point of view.
|Chase Freedom||Blue Cash Everyday- American express||Discover it|
|Annual fee||No annual fee||No annual fee||No annual fee|
|Bonus 1||$100 bonus after spending first $500,||$100 bonus after spending first $1,000,||N/A|
|Bonus 2||$25 bonus after adding first authorized user||Get one year of Amazon Prime with Free two day shipping||N/A|
|Bonus 3||0% APR on purchases and balance transfer for 15 months||0% APR on purchases and balance transfer for 15 months||0% APR on balance transfers for 18 months|
|Bonus 4||Various car rental insurance, roadside assistance, travel insurance||0% APR on purchases for 6 months|
|Cash back 1||5% cash back selected stores for selected period||3% of US supermarkets up to $6,000 per year,||5% cash back for online shopping and other department store for selected period|
|Cash back 2||5% cash back on every 3months categories||2% US gas station and US department stores||1% cash back on all other purchases|
|Cash back 3||Unlimited 1% cash back on everything else||1% on other purchases|
All three are really good but my favorite is the Blue Cash Everyday-American express as I know that more than 70% my major purchases every month are grocery and gas. This gives me 3% over grocery store purchases and 2% on US gas station for no annual fee. Chase Freedom isn’t too bad for 5% cash back at selected category but I don’t think I can control my spending efficiently if I have to wait for the right time to purchase on movie theaters, starbucks (which I am trying to stay away anyways)
What is your favorite US credit card and why?
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