Some of these are incredible - 6% cashback on groceries? I'd be surprised if the profit margin on groceries was as high as 6%.
6% on groceries with $95 annual fee.
Cash Back Credit Card Comparison
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Re: Cash Back Credit Card Comparison
#12Barclaycard Arrival Plus missing from the list, it's my go-to card. I recommend it to everyone.
* 2 points for each $1 spent + 5% bonus on redeeming (effectively 2.1% in cash back)
* 70,000 points ($700) on signup with minimum spend
* $89 annual fee, waived first year
* No foreign transaction fees
https://cards.barclaycardus.com/banking/cards/barclaycard-ar...
Re: Cash Back Credit Card Comparison
#13Some of these are incredible - 6% cashback on groceries? I'd be surprised if the profit margin on groceries was as high as 6%.
One theory is that the high rate on groceries is a way to make you carry around the card every day, so you're more likely to use it on other things.
With contactless payment systems like Apple Pay, there's little need to carry around more than one default credit card.
Re: Cash Back Credit Card Comparison
#14Re: Cash Back Credit Card Comparison
#15Another good guide from The Wirecutter, that covers more than just cashback:
Re: Cash Back Credit Card Comparison
#16If your spending is high enough: Chase sapphire reserve. Has an effective annual fee of $150 but strong benefits. You can cash out or get a 25% bonus when using it to pay for air travel.
It’s metal which seems nice but really isn’t. You can’t stick it into many machines and eventually it delaminates.
Re: Cash Back Credit Card Comparison
#17Re: Cash Back Credit Card Comparison
#18Author of this page, if you're reading this, thank you for making this a plain text table of data with none of the tracking and marketing cruft that most people would do with this data. I really appreciate the efficiency of this approach and I'm grateful to you for keeping it simple.
Thanks for the data! Are you sure that the USAA card gives 2.5% cash back? Their website says it's only 1.5% [1].
[1] https://www.usaa.com/inet/wc/bank-credit-card-preferred-cash...
Re: Cash Back Credit Card Comparison
#19Earlier quoted context omitted.
6% on groceries with $95 annual fee.
But most families will easily recover that just on their grocery shopping alone.
I use this Amex card for everything, the 6% back on groceries is great and more than pays for the cards higher fee. The last two years we've capped out the 6k max which is $350 right there.
Bonus, the card is clear plastic which everyone comments on when they see it.
Re: Cash Back Credit Card Comparison
#20Some of these are incredible - 6% cashback on groceries? I'd be surprised if the profit margin on groceries was as high as 6%.
I have an earlier iteration of this with a lower cashback rate and no annual fee. I have to spend over a certain threshold per year to unlock the marketed cashback - it's substantially less below that spend.
One thing that should be made clear is that the cash back is not on groceries, it's on purchases made at grocery stores. Groceries bought at Wal Mart, Costco, Target, etc. don't qualify. Similarly, the percentage cashback for gas doesn't apply to gas stations attached to other stores, e.g. Murphy, Kroger, etc.
I suppose this card could be different, if so it might be worth the annual fee.