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I tend to use my Discover Card for large purchases where I can take advantage of the cash back program. I like that this card gives you several options to redeem your points--you can take cash, credit towards your account, or my favorite, gift certificates to numerous merchants. The gift certificates are great because $20 worth of rewards can often be traded in for a $25 gift card.
The only negatives about this card are that it is not taken everywhere and that it does not have extra rewards for certain purchases. With my Master Card I get 3% back at gas stations and grocery stores but the Discover is 1% across the board. Still, this is a good card and has a very user friendly website for checking balances and paying on-line.
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