- Centurion Member
- Posts: 1157
- Joined: Sun Jan 26, 2014 3:55 am
- Location: US
To answer your later question first, the PRG may not be worth it even for category spending if you can get a better value out of Barclay's miles (plus you get 2x on everything anyway).
I agree sockdrawering the QS and spreading your spending across your other three cards is a good idea. If I were you, I would make my primary concern the rewards earned on any given transaction, my secondary concern the points system for each card, and my tertiary concern recoupong annual fees.
You definitely want to use your Freedom for any category spending you have, and put all gas and grocery purchases through the PRG. When the Freedom has gas as a category, I would favor it over the PRG. That is the easy part. Now you have to figure out how to divide up the rest of your spending. You may also need to make choices on the transactional level in special circumstances to get a card's perks (e.g., using the PRG for a computer for extended warranty).
(2) Points System:
For the rest, I would recommend figuring out which card's rewards you prefer. This may put the Freedom in last place. Depending on how highly you value Barclay's miles and Amex's MR system, Freedom's cash back could easily be valued the lowest, unless, for example, there is a discounted gift card for which you would like to redeem. Is there a clear front-runner among the other two?
(3) Cost Recovery:
Of course, you will still want to make sure you're getting enough points on each card that you're not netting a loss. Since the Freedom has no annual fee, everything earned is pure "profit." With its simple cash back program, you may find it optimal to use the Freedom exclusively for category spending. Maybe you prefer Barclay's 2x miles to Amex's MR points. Besides gas and groceries, you could put all recurring bills through the PRG (phone, internet, etc.) to make sure you're still spending enough to justify keeping it.
Anyway, there's my two cents. I think you have a nice lineup of cards.
EX - 809 (11/16) | TU - 803 (11/16)
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now