Welcome to Saving Money with Andrew! Credit card rewards are important. Really important. The average American household spends about $60,000 per year. 1% of that is $600 per year. 2% of that is $1200. A small percentage of a lot of money can be a lot of money.
I use those two cards plus Chase Freedom. Chase Freedom gives you 5% back on different categories each quarter. Right now it's grocery stores and ebay. Last quarter was PayPal purchases and Wal Mart. I only use this card for the special categories each quarter, and the two cards you suggested for everything else.
Good point! The quarterly cap is $1500 in spending in the special categories, I believe and those categories can be a bit narrow. But if one can be really disciplined, that is a way to plausibly eke out an extra $50-150/yr (factoring in that it's not really possible to max out all of those categories in a given quarter).
I kept it to two cards because juggling the categories and making sure to always use the optimal card with three different cards is probably too challenging for most. But if you can do it, that's a nice extra bonus.
Yes I agree the categories are narrow. However, this quarter is ANY grocery store. I'm using it to buy all my groceries. Last quarter was PayPal. You can use PayPal to buy most things online these days. One quarter was warehouse clubs. That's Costco and Sam's Club. Wal-Mart you can get a lot too. So the categories are narrow, but you can buy a lot at them.
I use those two cards plus Chase Freedom. Chase Freedom gives you 5% back on different categories each quarter. Right now it's grocery stores and ebay. Last quarter was PayPal purchases and Wal Mart. I only use this card for the special categories each quarter, and the two cards you suggested for everything else.
Good point! The quarterly cap is $1500 in spending in the special categories, I believe and those categories can be a bit narrow. But if one can be really disciplined, that is a way to plausibly eke out an extra $50-150/yr (factoring in that it's not really possible to max out all of those categories in a given quarter).
I kept it to two cards because juggling the categories and making sure to always use the optimal card with three different cards is probably too challenging for most. But if you can do it, that's a nice extra bonus.
Yes I agree the categories are narrow. However, this quarter is ANY grocery store. I'm using it to buy all my groceries. Last quarter was PayPal. You can use PayPal to buy most things online these days. One quarter was warehouse clubs. That's Costco and Sam's Club. Wal-Mart you can get a lot too. So the categories are narrow, but you can buy a lot at them.