Two Card Strategy

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
7 posts
Michael
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Location: Illinois

Two Card Strategy

Postby Michael » Sat Aug 10, 2013 5:14 pm

AMEX BCP is my main card for groceries (6%) and all other purchases.

As a second card, when AMEX is not accepted, which would be better, Chase Freedom (5% categories, plus 1%) or the new Capital One Quicksilver Visa (1.5% straight unlimited)?

Main expenses are groceries, some doctor bills, and gas (to a lesser extent, now that I've retired).

Cap One is easier, but is it a better card than Chase freedom?

I only want to use two cards, on a regular basis.


DavidNY
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Postby DavidNY » Sat Aug 10, 2013 8:10 pm

The Sallie Mae MC gives a 5% statement credit on up to $250/month on gas, $250/month on groceries and $750/month on bookstores (including Amazon) with no annual fee.

https://www.salliemae.com/landing/WorldCreditCard/

Michael
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Location: Illinois

Two Card Strategy

Postby Michael » Sun Aug 11, 2013 10:19 am

Thank you, but I don't think I made myself clear.

I already have Chase Freedom and Cap One.

I am not in the market for another card.

I want to work with what I have.

takeshi
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Postby takeshi » Sun Aug 11, 2013 10:51 am

You know the rewards categories and amounts for the Freedom (which rotate every quarter) versus the Quicksilver's 1.5%. It's up to you to determine which is best. 5% for gas > 1.5%. The other categories aren't 5% on the Freedom. 1.5% > 1%.

Michael wrote:Cap One is easier, but is it a better card than Chase freedom?

I only want to use two cards, on a regular basis.

Better in what way(s)? Is easier more important that maximum rewards? You need to make the call.

nishant
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Postby nishant » Sun Aug 11, 2013 3:44 pm

5% rotating categories together with newly announced 10% annual bonus resulting in 5.5% when combined with 1% on everything else is expected to result in average return between 2.5% to 3% depending on mix.

Much better than flat 1.5% capital one returns

TheLethargicAge
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Postby TheLethargicAge » Sun Aug 11, 2013 4:00 pm

BCP:
Groceries
Gas (unless Freedom offers 5%)
Department Stores (ditto)

Freedom:
Any 5% category it might offer

Quicksilver:
Any spending that doesn't fall under any of the categories above
Blue Cash Preferred ($24K), Costco TrueEarnings ($8K), Better Balance Rewards ($6K), CashForward ($15K), Sallie Mae Rewards ($10K), Quicksilver ($17K), AARP Rewards ($15K), Freedom ($15K), Double Cash ($16.5K), It ($28.5K), Fidelity Investment Rewards ($18K), Cash+ ($11K)

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Calipso
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Postby Calipso » Mon Aug 12, 2013 6:00 pm

My strategy works best. I get almost all categories covered with the insane amount of cards I have.

To each their own, best of luck on your strategy OP.
My Limits:
NFCU NavCheck: $15,000/NFCU Platinum: $11,500/NFCU nRewards: $8,000
Chase Freedom: $6,500/Chase Slate: $6,000/CSP: $5,000/Marriott Rewards Primier: $5,000/United MileagePlus Explorer: $5,000/Southwest Primier: $3,000
Citi Hilton HHonors: $9,700/Citi Simplicity: $8,200/Citi Forward: $5,500
AMEX Blue Cash Everyday: $8,000/SPG AMEX: $5,000/AMEX Everyday: $5,000/AMEX Delta Skymiles Platinum: $3,400
Discover IT: $7,700
Barclay's NFL Extra Points (Carolina Panthers): $5,000
DCU Platinum: $3,000
RTN FCU CC: $2,000
CCCU Platinum Rewards Visa: $2,000

Current total limit: $129,500



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