Credit cards get a lot of bad press, but if you can control your spending and fit into one of these categories, it can be quite beneficial when using credit cards with rewards.
Best for balance transfers.
State Farm Bank Good Neighbor Visa. The Good Neighbor Visa card offers 0% interest on credit card balance transfers for the 1st 9 months – with no fee for transfer within 90 days of opening - and 9.99% to 14.24% after. It also includes no annual fee and a host of other features:
- Zero Fraud Liability Protection
- Online Discounts
- Lost/Stolen card protection
- Worldwide Visa credit card acceptance
- 24 Hour Good Neighbor Service®
- Online Access Anytime
- Free built-in protection features
- Free Identity Theft Protection
- Free Account Fraud Monitoring
- Free $250,000 Travel Accident Insurance
- Free Auto Rental Insurance
- Cash advance privileges via ATMs and convenience checks
Best for big spenders.
Blue Cash from American Express. As you can guess from the name, Blue Cash is a rewards credit card that offers a higher reward rate for higher purchases. The interest rate is 7.99% plus prime, and the cash back reward rate is 1% for purchases up to $6,500, and 5% on purchases at gas stations, supermarkets and drugstores after that. But wait, there’s more:
- Unlimited cash rewards.
- No Annual Fee.
- 0.00% Introductory APR for up to 12 months on purchases.
- Flexibility to pay over time.
- Earn cash back faster with fee-free Additional Card
Best for small spenders.
Schwab Bank Invest First Visa Credit Card. This card carries a 13.99% interest rate but gives back 2% of all purchases you make. The only downside is that you must have a Schwab investment account, but there are no fees to open or maintain one and you don’t have to invest to use the card of get the cashback.
- There’s no limit on the cash back you can earn.
- No minimum monthly purchase amount.
- And no annual fee or foreign exchange transaction fees.1
Best for the gas guzzler.
Pentagon Federal Visa Platinum Rewards card. This card has a 13.99% fixed APR , and offers cash back of 5% on gas purchases, 2% on supermarket purchases and 1.25% on everything else.
- Up to $50,000 limit
- No Annual Fee
- Cash Rewards credited each month
- No special restrictions to earn your cash rewards
- Limited Time- Balance Transfer of 2.99% APR for the life of the transferred balance
- Limited Time- 5.00% cash back on your first $4000 of airfare purchases per month.
Best for the traveler.
Escape by Discover Card. 0% Purchase APR for the first 6 months, and then as low as 10.99% variable APR thereafter based on your credit history. I’m not a fan of variable rates, but If you travel a lot and don’t carry a balance, who cares? 
- Earn 2 miles for every dollar spent.
- 1,000 Miles each month you make a purchase in the first year.
- $60 annual fee.
Great post. I have and make use of the Escape card myself. The miles that it gives for usage isn’t really THAT great (for some airlines, for a short trip ticket, I would have to spend about $12,000!), but still, a little extra gratification isn’t so bad.
- Glenn
Wow, you really know your stuff when it comes to personal finance. Very impressive. Some of the cards you mention I’ve personally never heard of but that’s neither here nor there. The State Farm Bank Good Neighbor Visa sound very interesting. Great Blog. Keep up the good work. All the best.
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