Update: This offer is no longer available.

The Capital One® Cash Rewards earns 1% cash back on all purchases, plus a 50% bonus on the cash back you earn every year. As long as your card is still open at the end of the year, that’s a total of 1.5% cash back. You can request the cash back as a credit on your account, or in the form of a check. In addition, it offers an additional $100 bonus if you spend $500 within the first 3 months of the account opening. The Capital One Cash Rewards has no annual fee and a 0% APR on purchases and balance transfers till June 2014. Added to Best Cash Back Rewards Credit Cards page.

Update: Also check out the Citi Forward® Card for College Students.

As I was reminded in my best cash back credit cards post, the Citi Forward card is a great rewards card for those who spend a lot on restaurants and at Amazon.com. That’s not everyone, but sure sounds like me in my 20s. Okay, okay… it sounds a lot like me now. What can I say, I still love food, friends, and Amazon Prime 2-day shipping. 🙂 I have this card saved as the default card on my Amazon.com account for the 5x points, choosing this card over the Amazon-branded credit card. Why?

The Citi Forward® Card earns 5 points for every $1 you spend on restaurants, book stores including Amazon.com, video rental stores, and movie theaters. On everything else, you get the plain vanilla 1 reward point for every $1 spent. The important part is that I have confirmed that all Amazon.com purchases count as a bookstore under their categorization system (books, textbooks, music, electronics, cool pumpkin-carving tools, etc).

The news here is that they just added a new 10,000 ThankYou point sign-up bonus, redeemable for $100 in gift cards for new cardholders to stores like Home Depot, Macy’s, Gap, etc. You must make $650 in purchases and sign up for paperless statements within the first 3 months. That is the best sign-up offer they have ever had for this card, as I got this card when it first came out.

Alternative for 10k points include a $100 Amazon.com gift card, or you can also get a check for $100 towards your student loan and/or mortgage. You also get another 100 points each month just for paying your bill on time and not going over your credit limit. No annual fee.

Citi Double Cash

• 2% cash back. Specifically 1% cash back when you buy + 1% cash back when you pay.
• No annual fee.

Bank of America Travel Rewards Card

• Up to 2.625% cash back when redeemed towards travel. This requires Platinum Honors status in the Bank of America Preferred Rewards program, i.e. $100,000 in assets held at Merrill Edge. If you are not a Preferred Rewards member, 1.5% cash back when redeemed towards travel.
• No annual fee.

Barlcaycard Arrival Plus

• Earns 2 miles per dollar spent. You can redeem 1 miles for $0.01 towards travel, and you also get a 5% rebate back in the points spent. This ends up being an effective 2.1% cash back towards travel.
• $89 annual fee. This annual fee means that you must spend $80,000 first to recoup the $89 annual fee vs. a 2% cash back card with no annual fee.
• However, the special factor of this card is the large upfront sign-up bonus which most cash back cards do not have. You can use 8,900 miles to pay for the annual fee.

Fidelity Visa

• 2% cash back. Rewards must be deposited into an eligible Fidelity account.
• No annual fee.

Alliant Credit Union Cashback Visa

• 2.5% cash back.
• $59 annual fee. This annual fee means that you must spend $11,800 first to recoup the $59 annual fee vs. a 2% cash back card with no annual fee.

Chase Freedom Unlimited (w/ Chase Sapphire Reserve)

• 1.5 Ultimate Rewards points per dollar spent. If you have the Chase Sapphire Reserve card, you can get 1.5 cents towards travel per 1 Ultimate Rewards points. If you earn via the Freedom Unlimited and redeem on the Sapphire Preferred, that results is 2.25 cents cash back towards travel.
• No annual fee. However, the Chase Sapphire Reserve does have a hefty annual fee, but I think this is a nice pairing worth mentioning if you already have the Sapphire Reserve.

If you’ve been sitting on some ThankYou points, you should know that Citi likes to put certain redemption options on “sale” from time to time. Right now, you can get a $50 Amazon.com gift certificate for 4,900 points.* That’s even better than the 1 cent per point you’d get on a student loan or mortgage check. Search for “Amazon” under the gift cards category. Here’s a link and a screenshot. It may go in and out of stock, so check back later if you don’t see it right away.

This is actually a great fit for me, as the primary way I earn ThankYou points these days is with the Citi Forward® Card, which earns 5 points for every $1 you spend on restaurants, book stores including Amazon.com, video rental stores, and movie theaters. I have confirmed that all Amazon.com purchases count as a bookstore under their categorization system.

I simply have this card as my default card on my Amazon.com account for the 5x points. You also get 1,000 points for signing up for paperless statements, and 100 points each month just for paying your bill on time and not going over your credit limit. No annual fee. Here are some other good ways to rack up ThankYou points:

• Citi ThankYou Preferred Card, 25,000 Point Bonus – Lower bonus, lower requirements
• Citi ThankYou Premier Card, 50,000 Point Bonus – Bigger bonus, higher requirements
• Citi Checking Account – Up to 40,000 ThankYou Point bonus – See link for details
• Citi mtvU Platinum Select Visa Card – similar to the Forward card with 5x back on bookstores, but targeted at college students. Get up to 2,000 free TY points a year just for faxing in a copy of your grades.

* I must note that Citi has apparently decided to vary their redemption ratios depending on what kind of credit card that you use to earn your ThankYou points with. I have a few cards linked to mine, all with no annual fee, so I don’t know what is fancy enough or not. If you see a different value, list your card in the comments. I don’t like this solution at all, if anything they should just offer less points if they want to promote one card over another. Don’t mess with the actual value of a point.

Southwest Airlines is offering 500 Rapid Rewards points if you sign up for their e-mail subscriptions for a monthly statement and deals newsletters. Relatively easy, and if you’re already signed up, try unsubscribing for a day or two and then signing up again at the link.

If you have a Southwest Airlines-affiliated credit card, you can get another 1,000 points by visiting this page and watching a 2-minute video. You’ll need to enter your RR number and the last 4 digits of your credit card at the end. Thanks for reader Brian for the tip. (Update: May be targeted to specific cardholders.)

CreditSesame just launched a “credit badge” that is intended for random folks on the internet to show how big their… I mean how high their credit score is. Instead of wearing Armani or driving a Porsche, I can show off my CreditSesame badge. It’s supposed to help me find a job, find a mate, and find an apartment to rent. Really? I thought I was the only one who thought paying bills on time was hot.

Why should I share my badge?
The Credit Sesame Credit Badge™ program is designed to give you a competitive edge in life and helps you to develop your personal brand by promoting your financial responsibility and showcasing your good or excellent credit. You’ve worked hard to maintain your good or excellent credit and your shared badge allows you to stand out from the crowd as a creditworthy and financially responsible individual.

The Good badge requires a 640+ credit score. An Excellent badge requires 740+. The Guru badge requires 740+ and you must “maintain an optimized level of debt so that Credit Sesame cannot find you more ways to save.” Basically you have to sign up for one of their offers. Well, I decline since it also requires you to reveal your last name, first initial, and city of residence. However, I’ll take the free monthly score updates.

All jokes aside, consider this a reminder that you can get a free FAKO credit score estimates from each of the three major credit bureaus. There is CreditSesame for Experian, CreditKarma for TransUnion, and Equifax Score Card for Equifax. All free, but obviously you do have to provide your Social Security Number.

This is all in addition to the government-mandated free credit report available from AnnualCreditReport.com. As of July 2011, lenders are required to provide a free credit score to anyone who is denied or given worse terms because of their credit. I see no reason to pay $100+ a year for credit monitoring or other credit score products.

I’ve mentioned American Express Gift Cards are being useful for shifting your purchases forward, in case you’re still working on satisfying spending requirements for big bonuses like the $400 cash bonus from the Chase Sapphire Preferred(SM) Card or $500 in gift cards  from the Citi ThankYou Preferred Card. This way you get the purchases counted and out of the way first, and then you spend them down gradually.

I just got another e-mail from American Express that they now have an electronic version called eGift cards, which can only be used online at websites that take AMEX, but you don’t have to pay any shipping fees. There is a $2.95 purchase fee, but you can get it waived with the promotional code EMGIFTWL, valid through 10/31/2011. Useful if you regularly buy stuff online anyway.

You can try to use a cashback shopping portals, but the e-mail they sent me says that you have to go through the provided link above to get the fee waived. When buying larger amounts, it may simply be better just to pay the fee and go for the 1.6% cash back.

If you signed up for the Chase Sapphire Preferred® Card recently (most likely for their $625 travel bonus offer, like me), here’s how to get another $25 out of the deal. As cardholders, log into the Chase Ultimate Rewards shopping mall, which is one of those shopping portals where you get rebated points for buying stuff at online merchants. Right now, you can get 2,500 points (worth $25 or 2500 miles) and $5 in free printable postage just for signing up for a free 4-week trial at Stamps.com.

This comes via Infamousdx via Flyertalk. Not bad for a few minutes and one phone call. I still have a Stamps.com weight scale from way back when they were giving away $50+ in printed postage with a free membership trial. (Although don’t order the scale with this offer, as they charge shipping.) I don’t remember any hassles and printed the postage on my old inkjet with no issues.

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The Citi ThankYou Premier Card currently offers 30,000 bonus ThankYou Points after $2,000 in purchases within 3 months of account opening. That is enough to redeem for $300 in gift cards at stores including Walmart, Home Depot, Lowes, and CVS Pharmacy. Alternatively, you can get $399 in airfare or hotels when you redeem through their ThankYou Travel Center (prices match Expedia.com). If you redeemed for Walmart gift cards and exchanged them online at a site like PlasticJungle.com, you would net $270 in cash.

This is their new travel-oriented card, with no foreign transaction fee on purchases and you can also earn points based on the amount of miles you actually fly. The annual fee is free the first year, $125 in later years if you keep it. Alternatively, if you want a card with no annual fee period, the Citi ThankYou^SM Preferred Card is offering a $250 gift card when you redeem the 25,000 bonus ThankYou® Points received after $2,000 in purchases within 4 months of account opening.

Also compare with other $500+ top credit card bonuses currently available, although you can apply for more than one.