My Favorite Rewards Credit Cards

1) Chase Freedom Cash Visa Card - $50 sign-up bonus after first purchase, up to 3.75% cash back your top 3 Everyday Spending Categories (on the first $600 of purchases each month), and up to a 1.25% rebate on all other purchases. For me, the categories are usually gas, groceries, and cable tv/internet. You can see more information and a list of all 15 possible categories here. The default cash back rate is 3% for top Everyday purchases and 1% for the rest. Now you can cash out and get a check for $50 when you reach $50 in rewards, or you can get a $250 check (a $50 bonus) once you reach $200 in rewards have been earned. (Confusing, I know.) So if you are patient, that converts th 3%/1% to 3.75%/1.25%. This is a great card if you just want simplicity and one easy rewards card. Currently, they are also giving you a $50 bonus for signing up. 2) Starwood Preferred Guest American Express Card - 1 point per $1 spent. 20,000 Starwood points = 25,000 airline miles (free ticket). You can get 10,000 points or $100 gift certificate. (to stores like Amazon.com) just for signing up and making a purchase. Right now, you can also get an additional 15,000 points by spending $15,000 on the card within the first 6 months. This card is great for people who like to travel and make the most of their existing frequent flier miles, and can be very useful for getting miles for many different airlines like Delta, American, and more. Click here for details. If you redeem for hotel rooms, you can get a cashback return of 6% or more. Annual fee is waived for the first year, and is $45 the second year if you keep it. 3) Fidelity Investment Rewards Visa - 1.5% cash back. You can get 1.5% cash back on all your purchases into a Fidelity Brokerage account ($2,500 to open, but then you can take it all out), and then simply transfer it back to your checking account. 1.5% is from converting 5,000 points into a $75 credit. No annual fee. More details here. Source: MyMoneyBlog