Those who have read The Frugal Factor know how I have used credit card sign up rewards to pay for my vacations and more. But after the sign up bonus has arrived I usually stop using the card. Why? – The cards below offer a better everyday percentage back.
The CitiForward card – Offers 5% back on Amazon.com purchases (because its treated at a bookstore), all Restaurant, and movie purchases. $100 Gift Card: Earn 10,000 bonus ThankYou Points when you sign up for Paperless Statements and make
$500 in purchases in the first three months. The rewards are redeemed online for gift cards etc….
The Pentagon Federal Credit Union Card – Offers 5% cash back on all GAS purchases! The cash back is credited to your balance every month!
The Fidelity rewards American Express Cards offers 2% Cash Back on ALL purchases, the Fidelity Visa offers 1.5%. The cash back is deposited to your fidelity account each month.
New – The Venture card from Capital One provides 2 miles per dollar, which can equal 2% cash back depending on what you redeem the miles for. The miles can be redeemed for Ailine tickers, Hotels room, and gift cards.
Now, 2% and 5% cash back may not seem like much but over a year of purchases (especially gas right now), it can really add up. Plus your spending the money anyway, might as well get something back.
The above cards only work if your living a Frugal Factor Lifestyle. You must pay off your balance every month! If you carry a balance each month the above cards are of little use…. get those cards paid off and keep them paid off. If you can’t control your spending, stop using credit and debit cards and go back to the Cash Method.
