Monday, November 13, 2006

Cash back cards

Capital One No Hassle Cash
- 2% cash back on gas and groceries, 1% on rest


Amex Blue Cash
- 1%, 0.5%
- 5% on everyday, 1.5% on rest (above 6500)
-- Doesn't seem to have any limits on how much you can earn.
- 6500 ==> Almost $550 on your card every month. Might be slightly difficult to reach that. Because its not accepted everywhere.


MBNA Cash Back
- $25 for every $2500 - no limits ==> equates to 1%

Chase Cash Plus Rewards Visa (firstusa)
- 5% grocery, gas, drug, 1% rest (5 points for every $1, 1 point for every $1)
- option of rewards/cash. Good for 3 years. 5000 points => $50.
- max 30,000/year ==> $300

Mergers:

Bank Of America: Fleet, MBNA
Chase: BankOne, FirstUSA

Recommendation:

Use AmEx Blue Cash if you are gonna spend more than 6500. Else, use Chase.

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