Editor’s Note: Thank you for your interest, these offers expired and are no longer available.
A couple of months ago, I wrote about the new Citi Forward card. In case you don’t recall, it’s a relatively new reward credit card that offers ThankYou points instead of cash back rewards.
While I much prefer cash rewards, the reward structure on the Citi Forward card is pretty attractive… You get five points for ever dollar spent on books, movies, music, and restaurants. Believe it or not, this includes all purchases at Amazon.com, which qualifies as a “bookstore.”
Given that you can exchange points for $100 store gift cards on a point per penny basis, this works out to a 5% discount on all Amazon purchases. Pretty nice, especially considering the amount of shopping that we do at Amazon.
Anyway, the point of all this is that we’ve been look for a replacement for the Chase Freedom card, whose rewards were recently restructured, and we’ve settled on the Citi Forward card.
What about our American Express Blue Cash card?
As I’ve noted elsewhere, the rewards associated with the AmEx Blue Cash card have likewise been restructured. When I last wrote about the Citi Forward card, I noted that we’d thus be replacing our Blue Cash card, as well.
While that post generated a good bit of interest, I never got around to writing a followup. Today, I’m doing just that… My current line of thinking is that we’ll be switching to the Charles Schwab reward card. This is a Visa-branded card that offers 2% cash back with no reward cap and no annual fee. The only requirement is that you have to open a Schwab One brokerage account in order to get the rewards.
Given that we’ve already passed the $6500 spending threshold to earn the full 5% cash back on gas and groceries with our AmEx card, we probably won’t pull the trigger on this change until later in the year. And who knows, by then the reward credit card landscape may have changed.
I’ll be sure to update again when we make a move.