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If the team at MagnifyMoney created a cashback credit card, it would look something like this:
No annual fee
No limit on the cashback you can earn
No minimum redemption amount. If you have 1 penny of cashback earned, you can get it
No rotating categories, confusing bonus offers, mandatory opt-ins or caps
We think this is a good product. You will earn 1.5% cash back on all of your spend. There are no caps and no minimum redemption amount. You don't need to open a special checking account. We love the simplicity and transparency. However, you may want to consider Citi Double Cash - which has the same simplicity, but pays 2%, instead of 1.5%.
And, unlike many some other cards you will see on our cash back table - there is more value in the on-going earn rate than the sign-on bonus.
Capital One offers a balance transfer - however it is only for 9 months, and comes with a 3% fee. If you are looking for a balance transfer, there are much better options, which you can find here.
The only reason to get a different product would be:
You know that you spend a lot – consistently – in certain categories. For example:
Life changes. Over time, you have the best chance of maximizing your earning potential with a simple, no-gimmick card.