- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
If I were to convert my Sapphire to "preferred," I would have the trifecta. I've sort of been doing what's described in the link above already.
I have been using Freedom for purchases under $10 because the bonus points from having Chase checking lift the return on these purchases above 2%. However, for anything above $10 that doesn't fall into a rotating bonus category on Freedom I've been using Fidelity Amex and getting 2%.
Increasingly it seems to me that the Sapphire doesn't have much reward value unless it's "preferred" and unless one is pursuing travel rewards. This doesn't describe me so I really haven't researched Sapphire Preferred.
At the end of this quarter I expect to put Freedom away as I will be getting 5% on restaurants from US Bank Cash+ I also won't be using Freedom for groceries in the future because I now get 6% from Amex BCP since I just upgraded.
So, I guess I'm wondering if I picked the right strategy with Amex BCP, US Bank Cash+, Chase Amazon, Fidelity Amex:
6% on groceries
3% on gas
3% on department stores
5% on restaurants (plus a 25% bonus on reward)
5% on bills (cable, phone, internet, electricity, insurance) (plus a 25% bonus on reward)
2% on drug stores (plus a 25% bonus on reward)
3% on Amazon purchases
2% on everything else
The downside to this is that I will accrue Amex cashback, Fidelity cashback, US Bank cashback, Amazon cashback all separately, so my redemptions won't be as frequent as they were when I was using mainly just Freedom and Fidelity Amex. (I also have to pay Amex $75/year now). I could get a marginal improvement on the "everything else" return by continuing to use Freedom for purchases under $10, but this would create another cashback accrual stream, and even to me that sounds a bit neurotic. Two or three quarters a month Freedom also could lift my gasoline return from 3% to 5%, but I spend less than $50/month on gas usually, so the benefit (about $6/year max) seems hardly worth the trouble.
So I think my less elegant quartet beats the trifecta, but I'm open to suggestions.
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.