Tubpbs wrote:kdm31091 wrote:RewardsHunter17 wrote:I have a Double Cash, and I have to say that is very useful for when I have spending that doesn't fit into one of my rewards cards. Unfortunately the limit on it isn't great so I usually have to make multiple payments per month to use it.
I'm really not finding the structure on Double Cash to be agreeable. Don't get me wrong, 2% on everything is nice, but you have to let the statement post, pay the balance, and wait another cycle for the other half of the rewards. It's not the end of the world, but it's more annoying than it should be. Of course you can pay before the statement cut, but even that doesn't always work -- I recently paid a few days before the statement, and am still stuck waiting another cycle for the rest of what I'm owed. It's just a lot of hassle for an extra 0.5% over the hassle-free Quicksilver.
What is your position on MR? While I certainly hear what you're saying... If rewards maximization is your plan, I don't see the hassle. The terms are clear and the rewards have to post... I'd certainly rather have them immediately than wait and I'd prefer the 2% be on purchases instead of 1 & 1, but barring that, the card is excellent for what it's for.
I'm curious how you feel about the MR wait. How often do you redeem your cash back? Is it about having the cash back? Or redeeming it? Or more about keeping track of it for the extra time?
I'm just an impatient person, so having to wait 2 statements for the rewards to "catch up" is just kind of obnoxious. Having to track how much you are owed because it doesn't come up until a statement later, etc. Again, it's not a dealbreaker, and 2% on everything is nice, but I just wish it were a bit more cut and dry.
I don't redeem very often anyway; I don't see much point in cashing out $5 in rewards. I'd rather wait until I can get a decent gift card or something. It's just the principle of having to wait 2 months to get access to the rewards (similar gripe with my blue cash preferred).
The Double Cash vs QS debate will likely go on forever until/unless one or both are discontinued someday. There's merits to the Double Cash for 2% if you are willing to put up with waiting longer and the $25 threshold. There's merits to the cut and dry 1.5% Quicksilver which can be redeemed anytime (in practice, I don't redeem low amounts anyway, but at least you aren't restricted). Of course, it also extends to Capital One vs Citi. I do find overall Citi to be a bit more customer flexible.
I agree though that if one wants maximum rewards, they are going to have to put up with small caveats along the way. That said, I've gotten away from "this card for this and this card for that" (except where it makes a large difference of course) and tend to just concentrate my spend more on a couple cards now. While you end up netting slightly less, the rewards feel more substantial when you aren't earning $1.03 on 10 cards per month.