Sounds like you're basically getting 1% cashback. If that's the case, there are tons of credit cards out there that give you back more. Citibank Driver's Edge gives you 6% on gas and groceries, 1% on any other purchase. The catch? It's not directly redeemable for cash, but several things including gift certificates to major chains (Barnes and Noble, Best Buy, Circuit City, Macy's, Target, etc.). If you're willing to wait until you get to the $100 mark, you'll get the full 6% back. I, myself, accumulated more than $150 in rewards in one year off gas and groceries alone.
The Capital One thing is also redeemable for cash back, statement credits, travel, shopping, gift cards and charity donations, if you're so inclined. You get either 1.25 or 2 points per dollar charged to the card, depending on if you buy at select merchants or some BS like that.
I didn't have it before, but here's the point breakdown for the various ticket prices:
15,000 points for tickets up to $150
25,000 points for tickets $150-300
60,000 points for tickets $300-600
Ticket price x100 for tickets > $600
That's probably way too much information
😳
Anyway, it's a really flexible credit card to work with. My husband and I charge absolutely everything to it that we can, and pay the balance off at the end of the month (NEVER keeping a balance is the key).
We also have the American Airlines Citibank card (for each of us), but it does have a yearly fee. My father-in-law calls every year and threatens to cancel his card if they don't waive the fee, and it's been easily waived for as long as he's had the card
🙂 We only have it because we totally milked it for all the point bonuses we could, and now we're going to cancel it, because Capital One is way better.
I think Capital One should pay me for my endorsement....