Best Cash Back Credit Cards and Gas Cards (equally appealing) as Reported by Consumer Reports Oct 2008 Issue:
I had posted a few months ago on the top cards as rated by Consumer Reports and they've listed some of the same cards, with a few additions. Here are the top cards they recommend with some commentary:
UPDATE: I'm just directing readers to the full galaxy of ALL Cash-Back Cards so you can compare for yourselves - this index has several: CreditCards.com- Cash Back Credit Cards
Best Cash Back Credit Cards:
The Discover More Card (new),
Get $50 Cash Back Bonus with the Discover® More Card!
From the card info (click through for more details): $50 Cashback Bonus® when you make $500 in purchases-->Make your money worth More* 5% Cashback Bonus in categories like travel, home improvement stores, department stores, gas, groceries, restaurants, and many more 5% to 20% Cashback Bonus at top online retailers through our exclusive online shopping site, ShopDiscover Up to 1% unlimited Cashback Bonus on all other purchases automatically.
Next,
Also,
Capital One No Hassle Cash (2% on groceries, 1% other)
Chase Freedom Visa (3% rewards on $600 in purchase each month, 1% thereafter)
If you buy gas primarily at BP or Hess, you may want to try one of these. They start with higher gas rebates, then drop to 5% after 60-90 days. If you buy gas everywhere, Open Road above is probably the best gas card.
Chase BP Visa (5% at BP)
Hess Platinum Visa (5% at Hess)
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2 COMMENTS HERE
I'm assuming we have the same type of Discover credit cards, so be aware that the fine print says that it's only 5% cashback on gas on up to $100 a month/$1,200 a year (so $5/month $60/yr cashback), and then 1% thereafter.
The Discover cards are underrated in my opinion. They have some great cash back cards and as long as you pay the card off in full, you can really take advantage of the card!
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