Carrying credit cards that offer cash rewards and no annual fees and paying them back in full every month is free money. This blog post represents an ongoing search for the “perfect” credit card arsenal to maximize returns on expenditures.
Know better deals? Let me know.
Citi Double Cash
Effectively 2% cash back on all purchases. This is the go-to card for most purchases that do not fall into special categories below.
Amazon Rewards Visa Signature Card
5% cash back on all Amazon purchases (with Prime membership). Assuming you have a Prime membership, this is a no-brainer.
Quicksilver From Capital One
Flat 1.5% cash back card with no foreign transaction fees. Many credit cards charge a 3% fee on overseas purchases.
If you spent $10,000 this year…
Effective cost would be:
Amazon purchases: $500 -> $475
Overseas purchases: $1,500 + $45 fees -> $1,477.5
All other purchases: $8,000 -> $7,840
Total spending: $10,045 -> $9,792.5