Best rewards programs for credit card use?

[Ed Miller]

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I have already maxed out my $300 for the year with Citibank Dividend card:

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I have the same card and problem. I'm thinking I could just get a bunch of similar cards, and when I max out one, just start using the other. Bank of America has something called the Power Rewards card that, if I understand correctly, will give you a $1,000 rebate on your balance (but not direct cash) if you get 50,000 points (one point per dollar spent). Works out to 2% obviously...

Given the rest of their catalog of what you can use your "points" on, the $1k rebate for 50k points seems way out of line, so it's probably either an error on their part, or it's got a catch that I haven't uncovered yet.

Here's a link to what I'm talking about.