Savers love cash-back cards, which return a fraction of what you spend in good old U.S. currency. Disciplined consumers can bank hundreds of dollars yearly: The key is knowing how to maximize your payback.
In 20 years of credit card use, I'd never paid an annual fee. It was a hard and fast rule, like paying my bills on time and never carrying a balance. But a month ago, I got an offer I couldn't refuse: 6% cash back on groceries, and 3% on gas. The catch: This upgrade would carry a $75 annual fee.
Credit card companies are tripping over themselves to attract big spending, timely payers. The credit industry mavens at CardHub.com report that there credit cards than ever offering higher initial rewards bonuses -- for people with credit scores above 700.