MB131174 wrote:Seriously, where's it going to end? "If you're not getting 29% back on all your purchases, you suck!"? Hyatt points are simple and something I actually use, as Hyatt is in a lot of the places I travel despite their small foot print. I've seen close to a 4% return on my points for some bookings when done properly. Considering restaurants earn double points, my restaurant spend has been over 7% back. To optimize cash back you have to have an army of cards and sometimes you need a spreadsheet to keep track of what card to use for what. You then need another spreadsheet to track your balances (for those who pay in full). I used to do cash back, until I found juggling many cards caused me to spend more than normal because I didn't have a quick snapshot of my balance on one card. When I go pay for something I always know which card I'm paying with: the Hyatt Visa. $15,000 CL, no FTF's, soon to be chip and pin, plus points for my favorite hotel chain. Why wouldn't I?
Everyone has dif. spending patterns and preferences. I for instance hate rewards programs that have restrictions, I travel dif. airlines, stay on dif. hotels every time and I don't like to depend on programs availability to book anything so they don't work at all for me. Any rewards strategy can be complicated, as a matter of fact if you think about it, points are usually more complicated because you have to have a redeem strategy also as opposed to cashback where is just statement credits or cash.
At the end of the day it's up to you to decide how much work you want to put in on your rewards strategy and what works best for you.
I use cashback and I made it very simple: 2 cards only, groceries and gas on my Amex BCP, everything else on Barclays Arrival. No spreadsheets, no complication, when I reach an amount of cashback enough to pay for a trip I want I just book and apply the cashback credit towards my statement.
When going abroad I take the Arrival (no FTF) as the main card and my Charles Schwab debit card for cash withdrawals and as a backup card.