Originally Posted by
Boraxo
I think that sums it up well, though I don't know where you get 2% cash back on most purchases (excepting the recently closed Schwab deal and specialized rebates on gas, groceries, etc.).
Yes, I was using 2% as my example because that's the best rate you can find on a flat cash back on everything card (and as you say that might not even be an option at the moment with the Schwab card no longer available to new applicants.) Even having the Schwab Visa, I still put every purchase I can make on my SPG Amex instead...as I value a Starpoint at more than $0.02 (as stated above.) I could get one of those cards that offer 5% on groceries or gas, but I don't spend enough on those categories to really make it worth my while.