- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
In case you haven't noticed, the rotating rewards categories and corresponding quarters for Chase Freedom and Discover are nearly identical this year. However, Chase is offering 5% rewards on spending up to $1,500 per quarter. In the first quarter, for instance, Discover is only offering 5% on spending up to $800.
The only significant difference in the calendar categories is during this quarter, 1Q2011, when Freedom is paying 5% on gas and drugstores and Discover is paying 5% on restaurants. For me there will be no reason to carry the Discover card for the rest of the year after I reach $800 in restaurant spending this quarter since Freedom will be offering the same reward categories at the same time and with a higher cap for the remainder of the year.
One other point to consider, Freedom cashback redemptions begin at $20, while Discover makes you wait until you have $50 accrued.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).
*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.