The 5 Cash Back Credit Cards I Use Most and Why – Scott

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The 5 Cash Back Credit Cards I Use Most and Why – Scott

Scott LiebermanThe 5 Cash Back Credit Cards I Use Most and Why – ScottMillion Mile Secrets Team

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The way I now use cash back credit cards is very different than the way I used them in the past.  Here’s the list of the credit cards I have and how I use them.  Next, I’ll get into the details.

And the one I really want next is the Capital One® Savor® Cash Rewards Credit Card.  To me, this is the best pure cash back credit card.  

It’s got a $500 cash bonus after you spend $3,000 on purchases within the first 3 months of account opening.  And there’s no annual fee in year 1 with the card.

The unlimited 4% cash back on dining and entertainment is very appealing to me.  And I’d likely switch my supermarket spending to this card too because it earns 2% cash back at grocery stores.

I Move Points From 3 of My Cash Back Credit Cards to Get Travel Awards.  That’s How I Explored Europe Last Summer

Cash Back Credit Cards Are Wonderful But Really, I Rarely Take the Cash Back


are both cash back credit cards.  But that’s not how I use them.  When I first got my Ink Business Cash Credit Card back in the day, I did in fact take the cash.  However, I learned long ago that I can make my travel dreams come to life with a little something called Chase Ultimate Rewards points.  

Both the Ink Cash and Ink Unlimited award you Chase Ultimate Rewards points.  Now, you can turn those into cash back OR — do what I do — move them over to a premium Chase credit card such as

Once the points are in one of the accounts above, they’re worth much more than a penny a point for cash back.  Here are just a couple of recent real-life examples I’ve done:

  • Instead of cashing out 140,000 Chase Ultimate Rewards points for $1,400, I flipped those points into a round-trip Business Class flight to Europe during peak summer season.  When I looked up the retail price it was ~$8,000.  Would I actually pay $8,000?  No.  Would I pay $1,400 for it?  Heck yeah!  In fact, for the flights I took, coach would’ve cost more than that.  I wanted to go Europe and I was able to fly very comfortably laying down in the bed with quality meals and cocktails on the plane.
  • Instead of cashing out 25,000 Chase Ultimate Rewards points for $250, I booked an all-inclusive resort on the beach in the Caribbean.  My suite had a retail price of ~$500.  I could see the ocean from my jacuzzi in the room.  All meals at the restaurants were included, plus name-brand liquor everywhere.  The swim-up bar was fantastic.

You can do this when you pair cards like the Chase Freedom, Ink Business Cash Credit CardInk Business Unlimited Credit Card with any one of the following

Here at Million Mile Secrets we show you step-by-step how to book the award trips.  The 2 examples I gave above are super easy to book.  Folks on our team frequently use Chase Ultimate Rewards points for free flights and hotels in places like Hawaii, New York City, Costa Rica, Peru, flying home for holidays and special events, and much more.

Ink Business Cash Credit Card

Specifically, I use my Ink Business Cash Credit Card to earn 5X Chase Ultimate Rewards points on cell phone, internet, and cable TV bills.  And I use it to earn 2x points at restaurants.

Fine print: You earn 5X points up to the maximum $25,000 spent on combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary.  Earn 2X Chase Ultimate Rewards points on the first $25,000 spent on combined purchases at gas stations and restaurants each account anniversary.

Chase Ink Business Cash is for small business owners.  I was approved using my social security number on the application.  I don’t have a huge business but using the credit card has been helping me grow my side-hustle for sure.

Ink Business Cash sign-up bonus: 50,000 Chase Ultimate Rewards points (worth $500 cash back) after spending $3,000 in purchases within the first 3 months of opening your account.  No annual fee.

Chase Ink Business Unlimited Cash Back Credit Card

For other business expenses that aren’t covered by my Ink Cash, I’ll often use my Ink Business Unlimited℠ Credit Card.  Because you get an unlimited 1.5% cash back on every purchase.   Same sign-up bonus structure: $500 bonus cash back after you spend $3,000 on purchases in the first 3 months.  And no annual fee.

Chase Freedom Cash Back Credit Card

Chase Freedom has rotating categories each quarter.  You click a link in the email Chase sends you and you’re done — you’ll be earning 5X points per dollar you spend in the categories up to a limit of $1,500 in the quarter to get your 7,500 Chase Ultimate Rewards points.  I do this and move the points to my Chase Sapphire Preferred® Card so I can book travel awards.

As for the TD Cash Credit Card and US Bank Cash+ Visa, I got these cards years ago and wouldn’t necessarily prioritize them compared to other cash back credit cards you can get now.  To me, the #1 cash back credit card on the market now is the Capital One® Savor® Cash Rewards Credit Card.

Big Cash Back With the Capital One Savor Credit Card

The $500 bonus is solid, especially considering you pay no annual fee in year one.  So it’s basically a no-brainer to see how much you actually save and “Savor” before the $95 annual fee hits in year two.  For most, the Capital One® Savor® Cash Rewards Credit Card will likely be a card to keep because of the

  • 4% cash back on dining (in my experience, most bars and nightclubs “code” as dining, too)
  • 4% cash back on entertainment (you’re looking at concerts, tourist attractions, theme parks, and more)
  • 2% cash back at grocery stores

Three things I especially like about how Capital One has set-up the Savor…

  • no limit on how much bonus cash back you can earn
  • You can get a check or statement credit, any time, with no minimum redemption amount
  • No foreign transaction fee

And now they’ve added Postmates Unlimited.  I haven’t used this service, but it could be a sweetener to their overall offer.  They’re giving you $0 delivery fees on orders over $15, plus no “blitz pricing” or minimum basket fees.  From what I understand, Postmates goes beyond restaurant delivery and includes pharmacies, alcohol, participating supermarkets, coffee shops, and more.

How it works is, when you pay for a monthly Postmates Unlimited membership using your Savor card, Capital One reimburses you with a monthly statement credit of $9.99 through December 2019.

Summary of Cash Back Credit Cards Intro Bonuses

For each card, you earn the bonus after meeting the minimum spending requirement.


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Capital One® Savor® Cash Rewards Credit Card

Capital One® Savor® Cash Rewards Credit Card

  • Earn a one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases. Plus, earn 8% cash back on tickets at Vivid Seats through May 2020.
  • Receive a monthly statement credit for a Postmates Unlimited monthly membership through Dec. 2019 with the Capital One Savor Card
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
  • No foreign transaction fees
  • Capital One cardholders get access to premium experiences in dining, entertainment and more
  • $0 intro annual fee for the first year, $95 after that

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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Hi – (Sorry to bother you here. MMS used to have a Contact Us page. I wrote commented elsewhere, but can’t remember which page.) I applied for a American Express Hilton Business card and got a screen that stated “…due to your history of opening and closing cards, you are not eligible for the sign-up bonus. Do you want to continue?” I have very little activity/history compared to others I read on your website so I was surprised. I called AmEx and was told this automated process can’t be by-passed and was put in place 5 months ago. Any thoughts?!? Thanks.

Hi Soosie!

There are reports online that using an existing AMEX card for a few months, and then applying again, might help.

There aren’t any guarantees though because no one knows the exact formula AMEX is using to determine who is or isn’t eligible.

Basically, if you earn a welcome bonus on one of their cards, keep using it on a regular basis, because it seems like AMEX is trying to identify those who just earn the into bonus, only to never use the card again.

THANK YOU!! Greatly appreciate any information. My credit score is 807 so I’ve been baffled…

Happy to help! Wish you the best of luck for your next AMEX apps

How about Citi Double Cash?


That’s a good option. I don’t have that one and this is a list of the cards I actually have plus the one I want next, which is Capital One Savor.

For me, I’m picking Savor over the card you mentioned because it has a good sign-up bonus and I’ll totally rock the 4% cash back categories.

Your spending situation might be different though. Thanks, Bonnie, and have a wonderful New Year!

Did you check Uber Visa credit card? Uber??? Yes, UBER!!!


Hey Marcelo, you seem to be a fan of the Uber credit card. haha. This is a list of the cards I actually have, plus the one I want next, the Capital One Savor.

Uber Visa is a pretty good card too. I’m not applying for it myself though because the bonus is too low and there are other cards that better feed my travel obsession.

But I can certainly see why it might be a good pick for some.