Contact US Bank, save the cash + categories!

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
39 posts
MemberSince99
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Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Mon Jan 21, 2013 12:27 pm

I have a question for you guys, if you don't mind me asking.

Do you do the math on the categories and use each card for what it gives you the most in rewards back? On some or all of them?

Me: I just tend to use the cards I like best regardless. If someone like Discover is offering 5% back on say Amazon, like they did in December, then yeah I will and did take full advantage. But in general, I just use the card of the company I like the best, but giving the others use to keep them open. When i had Cash + I used that for groceries and gas even though I had cards that offered a higher % as cashback. The reason was I really liked the card and US Bank. Still do like US Bank, can't say what the card is now is all that impressive (to me). But that's what I did. Now I'll use my bank's (Associated) cards as my "go-to" cards and the others will get what's left, and used based on exceptional cashback. And to be honest Associated gives better rewards, cashback at that, on gas and groceries than the Cash + does. I just used Cash + anyway. If you say I'm foolish for that I can't argue with you, but that's what I did. Just curious what you guys do?


cashback
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Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Mon Jan 21, 2013 12:35 pm

MemberSince99 wrote:I have a question for you guys, if you don't mind me asking.

Do you do the math on the categories and use each card for what it gives you the most in rewards back? On some or all of them?

Me: I just tend to use the cards I like best regardless. If someone like Discover is offering 5% back on say Amazon, like they did in December, then yeah I will and did take full advantage. But in general, I just use the card of the company I like the best, but giving the others use to keep them open. When i had Cash + I used that for groceries and gas even though I had cards that offered a higher % as cashback. The reason was I really liked the card and US Bank. Still do like US Bank, can't say what the card is now is all that impressive (to me). But that's what I did. Now I'll use my bank's (Associated) cards as my "go-to" cards and the others will get what's left, and used based on exceptional cashback. And to be honest Associated gives better rewards, cashback at that, on gas and groceries than the Cash + does. I just used Cash + anyway. If you say I'm foolish for that I can't argue with you, but that's what I did. Just curious what you guys do?


My spending is definitely spread out over all my cards for whichever gives 5% on a purchase. And If none give 5%, I use a Visa gift card to get 4%.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

MemberSince99
Centurion Member
Centurion Member
 
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Mon Jan 21, 2013 12:46 pm

Thank you. Do you purchase the gift cards using the card that will give you the most rewards for doing that?

cashback
Centurion Member
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Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Mon Jan 21, 2013 12:52 pm

Yes I do. I used to use BCP before the cap, but now us Citi Dividend and Freedom and buy them from drugstores. If you're going to do it, you have to find the $500 ones in order to offset the one time fee(usually 4.95). Accounting for the fee, your cash back drops from 5% to 4%.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

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

Postby FutureBillionaire » Mon Jan 21, 2013 2:13 pm

cashback wrote:Yes I do. I used to use BCP before the cap, but now us Citi Dividend and Freedom and buy them from drugstores. If you're going to do it, you have to find the $500 ones in order to offset the one time fee(usually 4.95). Accounting for the fee, your cash back drops from 5% to 4%.


Do you have any problems using the gift cards anywhere?
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

cashback
Centurion Member
Centurion Member
 
Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Mon Jan 21, 2013 2:59 pm

Never had a problem with MC gift cards. With them you could go online and register your name and address to the card. With Visa you can only register your billing zip code to the card. This becomes a problem when companies require a name to be associated with the card (Example: Sirius Radio). You would think all places would require this, but few really do.

So the short answer is yes, occasionally there is a problem, but not often enough to stop using them.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

Randiesel75
Platinum Member
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Posts: 84
Joined: Thu Dec 27, 2012 8:43 pm
Location: Clark, NJ

Postby Randiesel75 » Mon Jan 21, 2013 6:57 pm

cashback wrote:Yes I do. I used to use BCP before the cap, but now us Citi Dividend and Freedom and buy them from drugstores. If you're going to do it, you have to find the $500 ones in order to offset the one time fee(usually 4.95). Accounting for the fee, your cash back drops from 5% to 4%.


What is this one-time fee with gift cards?

cashback
Centurion Member
Centurion Member
 
Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Mon Jan 21, 2013 7:01 pm

Randiesel75 wrote:What is this one-time fee with gift cards?


Merchant gift cards have no fees. Visa/MC gift cards that can be used anywhere carry a one time fee you pay when you buy them. Anywhere from $3 to $6.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

Randiesel75
Platinum Member
Platinum Member
 
Posts: 84
Joined: Thu Dec 27, 2012 8:43 pm
Location: Clark, NJ

Postby Randiesel75 » Mon Jan 21, 2013 7:03 pm

cashback wrote:Merchant gift cards have no fees. Visa/MC gift cards that can be used anywhere carry a one time fee you pay when you buy them. Anywhere from $3 to $6.


Can I assume purchasing from a merchant is the better choice? If yes, why purchase directly through Visa / Master Card?

cashback
Centurion Member
Centurion Member
 
Posts: 793
Joined: Mon Oct 22, 2012 7:11 pm
Location: NY

Postby cashback » Mon Jan 21, 2013 7:09 pm

Visa/MC gift cards can be used for anything. There arent merchant gift cards for everything. Such as cable bill, insurance, school tuition, etc. Using Visa/MC gift cards nets you 4% cash back
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781



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