kdm31091 wrote:I wanted to think it was merely saying "you're missing out by not using cash back cards at all", a point with which I agree, but it appears they were saying to get a flat 2% card and then add a bunch of "3% on this and that" cards, which is just unnecessary and gives little gain for most people.
But yeah, if someone wants to do it, more power to them, as you said. I just think articles like that make it sound more important/meaningful than it really is. You aren't going to net an extra $500 by adding a "3% on something" card unless you are spending an enormous amount of money anyway.
Also it's one thing to fully realize what you're actually gaining by doing this and consider it worthwhile (again, nothing against anyone that wants to take advantage of every penny in rewards they possibly can), but I think we both feel the issue is people not thinking it through all the way and realizing that in absolute terms they won't be getting much. They think along the lines of, "hey, I have to fill up every week and 3% is a lot so I might as well sign up for a gas-specific card."
Personally, I would rather sign up for a bunch of store accounts than niche cash back cards. If you did it when you were making a large purchase, you could get an upfront discount rather than spending all the money for a year to build up enough rewards to redeem for a statement credit, for example.