Comment by dkjaudyeqooe
2 years ago
There are plenty of 2% cards (eg SoFi) and 3% cards for groceries (Capital One Savor). I spend the most on the latter.
If you use Amazon a lot you can get 5% back on that (Chase Amazon).
There are also 5% back for certain categories such as eating out, some time limited (Discover, Chase Freedom).
I wouldn’t count the Amazon card because unless you subscribe to Amazon Prime at $140 a year you can’t get that rate.
I canceled my Prime membership and instantly the reward rate dropped to 3%, which is a pretty crummy store card. Compare to Target as an example - 5% without the pricey subscription.
You have to buy an insane amount of stuff from Amazon/Whole Foods/Fresh to make that product make sense above and beyond other rewards offerings.
I don't disagree, but it's really the other way around, if you have Prime it's worth getting that card and the same for these other special cases, all depending where most of your spending goes.
In general cashback on cards isn't going to save you much money, but it's still nice picking up several hundred dollars worth of cashback over the course of a year.
True, if you have Prime anyway it’s a no-brainer.
There's also Paypal MAstercard which gives you 3% on all purchases using the card through Paypal.