Cashback Credit Cards

The rumor is out that Citibank will terminate the 5% cashback program of its Dividend Platinum Select Cash Back Rewards credit card (When I checked the Citi’s web site today, I couldn’t even find the Dividend card.) Currently, the card gives 5% cashback on purchases made at gas stations, grocery stores, and supermarkets. Beginning in October, you can only earn 2% with these purchases. Though 2% is still better than most other reward programs that give only 1% cashback, it won’t be as appealing as before.

So what are the alternatives?

Discover Cashback Bonus Card

• 5% on first $1,200 in gas purchases.
• First $1,500 in other purchases earn 0.25% and second $1,500 in other purchases earn 0.50%. Earn 1% on other purchases after $3,000.
• Gas purchases in excess of $1,200 earn at the same rate as other purchases.
• Rewards are redeemable in $20 increments .
• No annual cap on rewards and rewards never expire.
• Rewards doubles when redeems for gift cards.
  

Chase PerfectCard Platinum MasterCard

• 6% Rebate on all gas at any station for the first 90 days account is open.
• 3% Rebate on all gas afterwards.
• 1% Rebate on all other purchases.

Citi Driver’s Edge Platinum Select MasterCard

• Earn 6% rebates on purchases at supermarkets, drugstores and gas stations for 12 months; 3% after that.
• Earn 1% rebates on other purchases.
• Earn rebates for mileage.
• Redeem rebates toward the purchase or lease of any new or used vehicle, service, repairs or maintenance performed on vehicle.
• Redeem rebates for gift card.

Citi Professional Cash Card

• Earn 3% cash back on purchases made at restaurants, gas stations, certain office supply merchants, and for auto rental.
• 1% on all other purchases.
• Rewards given as ThankYou points with a limit of 100,000 during any calendar year.

American Express Blue Cash

• 5% rebates on supermarket, gasoline and drusgstore purchases and 1.5% rebates on other purchases after $6,500 of spending.
• Before that you earn 1% and 0.5% respectively.
• No annual rebate cap.
• Rebates awarded annually.

It seems that Discover Cashback Bonus Card may be a better alternative among other cashback cards out there. For me, I will continue to use my Fidelity Investments 529 College Rewards Card which gives me 2% cashback on all purchases.

Featured Financial Products

• Buy stocks at TradeKing at a flat $4.95 commission per trade. Check out the TradeKing review and use these TradeKing promotion codes to open an account.
• EverBank: 4.75% APY, Dollar Savings Direct: 4.00% APY, FNBO Direct: 3.25% APY, WTDirect: 3.31% APY.

Related Articles You Don't Want To Miss

1. Credit Cards with Fat Rewards
2. Best Gas Rewards Credit Cards
3. Best Cash Back Credit Cards
4. Best Travel Rewards Credit Cards
5. Two Unexpected New Credit Cards