- Centurion Member
- Posts: 1057
- Joined: Sat Feb 21, 2015 3:35 pm
- Location: Claymont, DE
My strategy in my mind has steadily shifted towards not spreading the spend across 7 or more cards, and instead concentrating more spend on to less cards. While you do technically leave some rewards on the table this way, you make up for it (at least, IMO) in simplicity and getting to a meaningful amount of rewards quicker. You also don't have as much headache with a bunch of rewards scattered into different programs. For some that may not be an issue, but for my spend level and income, it's not really worth spreading the spend all too much.
Lately, I've been using Discover more and more. There's really no reason not to, as since I snuck in with the double promo, it's at least 2% on everything. I could use my Double Cash of course, but Discover has been nothing but good to me and I want to at least give them some business (especially since the gas quarter is more or less useless to me so I won't be using it much on the bonus category). There are no headaches with Discover rewards...redeem anytime, can direct deposit right into my checking acct or get a gift card (which I like) with extra value, etc. They have steadily raised my limit. lowered my APR and showed they valued me as a customer. So...why NOT use it? I'm not really losing out on much.
Having said that, I still try to give my other cards some activity (cash+ is useful for certain things, etc). I just find for me the "less is more" approach results in a more fruitful reward overall, vs having $5 in rewards on 10 cards which I cannot easily combine. YMMV.