What Credit Card Earns the Most Rewards? Part 2: Best All-Around Spending Card

How much work do you want to do? Some people will spend an entire afternoon cutting coupons in newspapers and researching websites to maximize their discounts, while some don't think it's worth the time. Similarly with credit card rewards, there are many cards that specialize in offering higher rewards in certain categories if you're willing to dig, while a few just offer a higher rewards rate on everything. Below are the currently available cards that earn more than the 1% you'd earn with your average credit card.

Today's Best All-Around Spending Cards (Last Edited 2/8/2014)

Card	Card Type	Rewards	Rewards Type	Annual Fee	Other Info	Link
Fidelity Investment Rewards	American Express	2%	Cash Back	$0	Cash back must be redeemed to Fidelity Account (Checking, Brokerage, 529 or Retirement) and only after earning $50 in rewards. Checking and Brokerage Accounts are free to open and have no maintenance fees.	Click
Discover Escape	Discover	2%	Points (Redeemable for Travel or Amazon.com Credit)	$60.	Earn additional 100 points($10)/month in rewards for the first 25 months as long as you make a purchase -similar to $250 sign up bonus.	Click
BankAmericard Travel Rewards	Visa	1.6%	Points (Redeemable for Statement Credit)	$0	Only 1.5% if you don’t have a BOA checking, savings, investment, or retirement account.	Click
Capital One Quicksilver Cash Rewards	Visa	1.5%	Cash Back	$0	One-time $100 bonus if you spend $500 in first 3 months. No foreign transaction fees. Requires great credit.	Click
Northrop Grumman CU Cash Rebates	Mastercard	1.5%	Cash Back	$0	Cash back deposited annually(March) not monthly. Check Eligibility. If not Join  Southern California Historical Aviation Foundation via $50 donation. No foreign transaction fees.	Click
Dollar Bank Valued Customer	Visa	1.25%	Cash Back	$0	Max cash back of $500/year as opposed to no limit on above cards. Cash back deposited 2 times per year (Jan and July) and not monthly. Business version of the card has no rebates and is redeemable anytime.	Click

I'll do my best to keep this list current as good rewards credit cards sometimes come and go. In my next post I  review other cards that offer up to 6% on certain categories of spending for those looking to tote multiple cards.

(H/T to Fatwallet)