The Chase Freedom card is my oldest credit card because it has no annual fee and provides consistent value. The 5% bonus categories are usually great deals and Chase will send me a check (or statement credit or direct checking account deposit) with my rewards. The program also lets you destroy value with gift card rewards. 3,000 points earns a $30 check or a $25 gift card. Even if gift cards were 2,500 points, you still lose out because you aren't earning points on that purchase.