re: Best credit card for me...

quote:

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any thoughts on getting a Penfed for gas only?

for instance i commute 200+ miles a day. or would you simply use the freedom rotating 5%.

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Depends on what you value. You may have to run the math on that.

The PenFed is a cash back card (someone mentioned it not really 5x cash back any more due to a devaluation). There are cardholders who post here who could clear that up.

In any event, this may be difficult, but what you have to figure out is if you want straight cash back, or something like Chase Freedom, which is technically a "cash back" card but actually earns Chase UR points, which are great for travel redemptions (when you concurrently hold a Chase SP). You have to figure out if you value those Chase UR points more than PenFed cash back or not, because when you use one card over another there is an opportunity cost associated with that decision.

That determination is unique to the individual. I will say Chase UR points are at least worth 1.6 cents per point on Southwest and at least 2 cents or more when redeemed on other airline partners. If travel is not your thing, the PenFed may be the way to go for your gas.