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Some of the better rewards cards in 2008
| Card | Interest Rate | Rewards | |
| American Express Blue Cash | 10.99% to 15.99% variable | If you use this as your primary card, it offers the best grocery rewards around. Once you've spent $6,500 on the card, you'll earn 5% cash back on "Everyday Purchases" at supermarkets, gas stations and drugstores, and 1.5% everywhere else. (Before that threshold is reached, you'll earn 1% back on everyday purchase categories, and 0.5% everywhere else.) Purchases made at superstores and warehouse clubs are not eligible for the bonus rebate. There is no monthly spending cap or maximum rebate. | |
| Chase Freedom | 15.24% variable | Earn a 1% rebate on all types of purchases. Earn a 2% bonus (for 3% total) on grocery purchases so long as "grocery stores" is one of the three types of places where you spend the most each month. Purchases made at superstores, warehouse clubs and discount stores are not eligible for the bonus rebate. There's no monthly spending cap or maximum rebate for the standard 1% reward. But for bonus-rate purchases at grocery stores, the spending cap is $600 a month for a total maximum rebate of $12. Spend more than that, and you'll get the regular 1% rebate, but not the 2% bonus. | |
| Citi Dividend Platinum Select | 9.74% to 14.74% variable | Earn 5% on supermarket purchases for six months; 2% thereafter. (Rates also apply for purchases made at drugstores and convenience stores.) All other purchases earn 1%. Purchases made at warehouse clubs, discount stores and department stores are not eligible for the bonus rebate. The maximum annual rebate is $300, which equates to $6,000 to $15,000 in bonus-rate purchases. | |
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