As most of you know, I'm using the Blue Cash from American Express card and the Chase Freedom Cash Visa Card to try and max out my cash rewards this year. Sounds like I'm on the right track, because Money magazine recently named these two among the best credit cards available. We'll start with what they say about the Blue Cash from American Express card, telling us it's the best card "if you want cash back (and you spend big)":
Once you've charged $6,500 in a year, you get 5% back on grocery, drugstore and gas purchases and 1.5% on everything else vs. 1% for the average cash-back card. (Below $6,500 you earn 0.5% to 1%). Blue credits the cash to your account automatically, so you don't risk leaving rewards on the table.
On the other hand, maybe you spend small. In that case, the Chase Freedom Cash Visa Card is a better option, as Money notes:
You earn 3% back in three of 15 categories (like groceries and pet supplies) on which you spent the most each month. The reward drops to 1% once you've made $600 in eligible purchases a month. Even so, when you amass $200 in rewards, Chase throws in $50. That translates to a 1.25% rewards rate. Be sure to pay bills in full: Rates start at 15.24%.
Of course, this isn't new news to me. I did an analysis some time back saying the same things as Money notes above. But I went one step farther and showed that you could earn even more if you used the two cards together -- which is exactly what I'm doing. Thanks for noticing, Money. ;-)