Cash back · American Express · No annual fee
Last verified 2026-10-26. Review issuer source
First Electronic Bank Safeway forU American Express is a no-annual-fee cash back card from First Electronic Bank. Its best everyday rates are 3% on dining, 3% on gas stations, and 3% on streaming services; everything else earns 1%. The 5% rate applies only to Safeway.com booked through online, so treat it as a bonus rather than the reason to apply. There is also 3% on Safeway, a single-merchant rate.
On our reference budget of $24,600 a year it returns about $390, an effective 1.6% back. The welcome bonus, $50 after $1,000 in 90 days, adds to the first year's return.
Put the bonus categories on it and everything else on a flat 2% card. On its own the base rate drags the average down.
3% back on dining
3% back on gas
3% back on grocery visits
5% back in rewards on online orders
3% back on recurring bills
3% back on recurring bills
Spend $1,000 in First 90 Days In qualifying purchases outside Albertsons Companies
No benefits are stored for this catalog entry yet.
| Card | Annual fee | Rewards earned | Net after fee | Rank |
|---|---|---|---|---|
| Safeway® forU American Express®This card · 3% on dining | None | $390 | +$390 | 462nd of 1,284 |
| Bilt Obsidian CardFirst Electronic Bank's most-held other card · 3x on dining | $95 | $438 | +$343 | 518th of 1,284 |
| Chase Freedom Flex® Credit CardThe strongest no-fee card on this budget · 7% on dining | None | $822 | +$822 | 1st of 1,284 |
| Robinhood Gold CardHighest net return on this budget · 3% on everything | $50 | $798 | +$748 | 2nd of 1,284 |
Reference budget: groceries $6,000, dining and restaurants $3,600, gas and ev charging $2,400, travel and transit $3,000, online shopping $2,400, entertainment and streaming $1,200, everything else $6,000. Points are valued at 1¢ unless the program is worth less; statement credits, welcome bonuses, and perks are left out. Run it with your own spending.
