Credit Card Question

Slate

Chat gpt says: Honestly, I think you're a perfect candidate for a flat-rate 2% cash-back credit card. You already have the ideal credit-card habits: one card for your bills and everyday spending, paying the balance in full every month, and redeeming rewards for something nice every few years.
You don't need to juggle multiple cards, track rotating categories, or learn a complicated points system. You can keep doing exactly what you're doing now and simply double your rewards.
My top 3 cards for you
2% cash back on everything
$0 annual fee
This is the simplest upgrade. Every eligible purchase earns 2%, with no categories to activate and no spending caps on the base rewards. You can redeem cash rewards rather than deal with airline miles or travel portals. ?
2% cash back on everything
$0 annual fee
Another excellent fit. You earn 1% when you buy and another 1% when you pay for the purchase. Since you already pay your balance in full monthly, that structure should suit you well. Rewards can be redeemed for cash back. ?
1.5% base, 3% in select categories
$0 annual fee
If you like Chase's rewards program, this is the more straightforward Freedom card. It earns 3% on dining and drugstores, but only 1.5% on most other purchases. That means it may earn less overall than a flat 2% card if you put all your bills on it. ?

Depends on your spending. Flat rate 2% cards will be tough to beat if you don't travel.

Chase ultimate rewards points are best used on travel.

Costco card with no annual fee is pretty solid as well

5% Costco gas
4% any gas
3% restaurants and travel
2% Costco purchases
1% anything else

They cut you a check once a year

Cabelas.
- Silver status 3%
- Black 5%

Then you can buy all kinds of cool hunting, fishing and camping stuff!

Stick with cash, especially if you pay in full every month

Rewards are overinflated to goods / services received, cash is cash

Thanks all.

I'm a little confused on the verbiage of "cash back".
To me that sounds like a discount or them sending me a check which is not what I'm looking for.

Is cash back just another term for reward points?

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No wealthy person ever became that way off credit card perks

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Most wealthy people have cards that cost $1k plus in annual fees

I earn 6% back on my Bank of America rewards card in my category of choice. I think it's only for a year though.

It depends a lot on your spending patterns. Nerdwallet is a good site for comparing lots of cards and their benefits.

If you spend money online regularly, consider getting a Capital One shopping account. It is free, and you don't have to use a Capital One card, and I regularly get large (10%+) offers. It is separate from your card account so it stacks. I have gotten $1477 back in the last ~18 months. The bonus cash back is not "cash" but credit you can use for gift cards. There lot of participating companies offering gift cards but we use most of them for Chewy and Petco.

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Not even factoring in the hassle of carrying cash.

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Lord, it is SO much of a hassle by having a couple of hundred bucks in cash with me. It must weigh upwards of 10 freaking grams....

Ohhhh, my backkkk!