Skip to main content
No. of Recommendations: 1
The difficulty with selecting the best rewards card is that the offers keep changing. What's best today, might not be the best deal 3 months from now. The card you sign up for today might change terms on you next year. If you're willing to do the work to stay on top of the changes, you can certainly keep migrating to different cards as you find more attractive deals; but if you want to do the research once and then just use the cards, you also need to look for cards with stable terms.

Right now, my stable terms cards are a Fidelity Visa (2% cash back, auto-paid into my brokerage account whenever $50 accumulates) and a Sam's Club MasterCard (5% on gas, 3% on "travel," 1% on everything else, paid in folding green cash at the store in March following the year it's earned.) I forget the formal definition of travel for the Sam's card, but it includes hotels and restaurants (even fast food) but does not include putting money onto my E-Z Pass.

Every once in a while Discover gives me a limited time deal that beats my stable cards temporarily. Right now, that's double rewards at the end of a year, which comes out better when applied to my Discover base of 2% at restaurants and pretty much isn't worth the time on anything else.

Patzer
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.