- Centurion Member
- Posts: 3960
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
It struck me that the rules I follow in selecting a card for a particular transaction are actually really complicated when I try to spell every step out.
Transfer partners, rotating categories, statement credits, other promotions, and a transaction-counter really make having even a large number of plain cash-back cards look simple by comparison.
I guess card selection feels intuitive to me because I can make mental shortcuts to quickly narrow down which card to use.
An approximation of the steps I use is:
1. Use a card that gives a statement credit or other special reward/benefit/savings.
2. Failing that, use Freedom or Discover for 5.5 URs/10% cash.
3. Failing that, use EDP for 3 or 4.5 MRs.
4. Failing that, get 5% cash with Sallie Mae.
5. Failing that, use EDP if under $2.
That doesn't take into account possible FTFs when I travel, keeping temporarily-useless cards active, and merchants that don't take all cards. Most of the time, though, it's obvious to me which card is best within two seconds. Usually, it's one of: Freedom, CSP, EDP, or Discover.
Who else follows a similarly complicated line of reasoning? Who has simpler criteria? Who just throws spending onto a card in response to a good CL/APR/customer service experience from the issuer?
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May