Originally Posted by kaneohe
I assume the FIA is a flat 2% for everything like the Schwab card is?
I vaguely recall that PenFed had some kind of AMEX too.......FIA is better?
The only reason we even got the FIA Amex is because FIA was pushing its 2% rebate. I asked Costco about their Amex (not as good a deal), mentioned FIA's Amex, and Costco said they'd take anyone's Amex. Considering that we're at Costco weekly for pizza & fro yo, our credit card spending just about doubled on groceries & gas.
It's 2% for everything, no games or quibbles. The rebate is credited to our Fidelity account quarterly. About the only places not taking Amex around here are the state DMV, Taco Bell, and little hole-in-the-wall restaurants.
FIA did game us a little-- they gave us the Amex but the Amex's credit limit was taken out of my pre-existing FIA Mastercard's credit limit. So my FIA credit limit didn't actually rise, and my FIA credit limit (all obtained since I've retired) is substantially less than my limit on my USAA card.
I rarely use the USAA card because it has a lower rebate, but I keep it expressly for its high limit and its being a separate issuer from FIA. I take it on the road in case FIA suspends their card for a travel-related fraud alert.