Revised my cashback strategy

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jeffysdad
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Joined: Thu Apr 30, 2009 2:32 pm
Location: Texas

Revised my cashback strategy

Postby jeffysdad » Tue Jul 17, 2012 10:15 am

Yesterday I upgraded my dormant Blue Cash Everyday to Preferred and intend to use it at grocery stores (6%), gas stations and department stores (3% each).

This is coupled with my new Cash+ card from US Bank, which after I reset categories for next quarter will pay me 5% on bills (utility, phone, internet, insurance) and 5% on restaurants.

I will still use my Fidelity Amex to get 2% on everything else, more when shopping online through the WorldPoints mall.

So, based on my budget projections, I will earn at least $873 per year before the $75 Amex Blue Cash fee. There also will likely be another $100-200 in earnings from miscellaneous spending as well as a modest amount from my 3% Amazon.com card.

My Chase Freedom card likely will be used very little if at all.
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.


Ratfacedudeguy
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Location: Baltimore

Postby Ratfacedudeguy » Tue Jul 17, 2012 10:29 am

Sounds pretty solid man. I love the idea of being able to choose your 5% earnings categories on that Cash+ card. That way if your More or Freedom are offering 5% on categories you can utilize, that frees up other categories on the Cash+ to further maximize your rebates. Keep us posted and let us know how the new plan works out for you. I'll also personally be interested to know if you'd be expecting any further increases to your projected earnings once the 2013 5% calendar from Discover and Chase roll out.
Amex Green - NPSL - 05/12
Amex Zync - NPSL - 06/12
Discover it - $7750 - 11/12
Chase Sapphire Preferred Visa Signature - $5000 - 11/12
SECU Platinum Visa - $5000 - 08/08
Bank of America Cash Rewards Platinum Plus Visa - $3000 - 06/08
Citi Diamond Preferred Mastercard - $3000 - 05/12
GECRB Old Navy Visa - $2500 - 11/12
Chase Amazon Visa - $2000 - 11/12
Chase Freedom Visa - $2000 - 07/12
Citi Thank You Visa - $1000 - 06/12
Amex Blue Cash Everyday - $1000 - 01/13

jeffysdad
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Joined: Thu Apr 30, 2009 2:32 pm
Location: Texas

Postby jeffysdad » Tue Jul 17, 2012 10:43 am

I forgot to add another $100 to my total from Cash+ $25 redemption bonus (4x/year), assuming they keep their word on that.

I doubt Chase and Discover categories will boost me much because I'm already covered on groceries and restaurants for at least 5%, my two biggest spending areas. I hardly spend anything on gasoline and get 3% for that from Amex. An additional 2% on gas for six months of the year would put another $4.20 in my pocket, give or take.
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.

FutureBillionaire
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Posts: 1589
Joined: Sun Jun 19, 2011 2:37 pm
Location: Down South

Postby FutureBillionaire » Tue Jul 17, 2012 10:57 am

Jeffysdad, don't forget that you can buy gift cards to places that you eat or shop at your grocery store to earn even more points. The BCP and the Cash + are my next and probably last cards.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

milkman12
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Joined: Tue Jul 10, 2012 7:40 pm
Website: http://www.milkthepoints.com
Location: California

Postby milkman12 » Wed Jul 25, 2012 5:31 pm

Nice. That's what I currently employ.

If you have young children and they attend daycare, you could look into whether their tuition can be paid via credit card. My children's daycare accepts discover so we charge these to discover escape for 2% back.
Amex Blue Cash Preferred (groceries, 6%; gas, department store, 3%)
US Bank Cash+ (bills, 5%; restaurants, 5%)
Fidelity Investment Rewards Amex (2% across the board)
Discover Escape (2% across the board)



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