Gwen, a young adult with a college degree and a good credit score of 746, seeks a credit card with maximum cash back for everyday purchases. Currently, she uses the Chase Freedom Student card, which offers 1.5% cash back but has been phased out in favor of the Chase Freedom Rise. The advice provided emphasizes that no single card rules for cash back. A mix of a solid all-around card paying 2% and other cards offering higher percentages for specific categories is recommended to maximize earnings, like the Blue Cash Preferred Card and others with no annual fee.
Gwen currently holds a Chase Freedom Student card, which offers 1.5% cash back on purchases; however, there are better options available.
The Blue Cash Preferred Card from American Express offers 6% cash back for specific categories but comes with an annual fee, making it a worthwhile consideration for serious cash back earners.
Mixing credit cards for different spending categories allows consumers to maximize their cash back, with an ideal strategy being one card for general purchases and others for specific categories.
The Wells Fargo Active Cash, Citi Double Cash, and SoFi Unlimited 2% cards are suggested as solid choices due to their earn rates and no annual fees.
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