The “All other purchases” card

[Anonymous]

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@Anonymouswrote:

Hands down. Cap1 Quicksilver. Find me any other card that makes instant redemption of cashback absolutely any time you want for any amount, almost instant cashback availability on purchases, and no expiry dates, and Ill change to that 2% card. Cap 1 has mastered a usable clean and super slick cashback card. 

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In the face of it all at a measly rewards rate of 1.5% or 2% (My Citi DC) I'm not struggling enough or aspiring to need the CashBack anymore than monthly (or even longer).

Minimum $25 redemption and points expire if the card is not used for an entire year. I'll take the DC and the extra .5%

I also participate in Citi DC's Price Rewind program which is an additional way to earn.

While Citi DC's new $100 sign up bonus after eligible spending is nice (even if I missed out) you still get $50 more in sign up bonus with your Cap1. Which I'll earn that back and more after 1 year of spending with the DC 2%

[jbsilva21]

I rotate non category spend between Amex Platinum, BCP, and Cap1 QS. I use the Platinum like my debit card and working on accumulating MR points and depending on the time of the month BCP or C1 QS. I am the same where my non category spend does not really do much for  1% or 1.5% cash back. I am hoping that in the end the MR points will make up for some of the difference if I don't use all of the travel credit on the Amex Platinum, which I have already used all but the uber credits since it is per month.

[601flyguy]

+1 on the QS. The CB posts before the charge does and is available for use immediately.

[MrDisco99]

I have the Cap1 QS and I like it but I’m willing to wait for the next statement and a $25 minimum to get 2% and price rewind with the Citi DC. It adds up pretty quick. That card never leaves my wallet.

[longtimelurker]

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@Anonymouswrote:

Hands down. Cap1 Quicksilver. Find me any other card that makes instant redemption of cashback absolutely any time you want for any amount, almost instant cashback availability on purchases, and no expiry dates, and Ill change to that 2% card. Cap 1 has mastered a usable clean and super slick cashback card. 

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But marketed correctly: "Hey, ChrisMeyers2k1: would you like to earn 33% MORE on your cashback.   Yes, that's right!!!! 33% MORE on EVERY transaction!!   Operators are standing by."

The point being, the difference between 1.5 and 2 is "only" 0.5% but they are generally small amounts anyway, and a 2% card is a rather large percentage increase.   While QS does have one of the best redemption systems (points post with transaction, no minimum redemption) 33% is a large cost.

[longtimelurker]

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@UpperNwGuywrote:

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@Anonymouswrote:

Most of the rewards earning cards offer 1% cas back on “all other purchases.”

Does everyone here just get the 1% or is there another card you use for everything that doesn’t fall within your main cash back rewards?

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When you say "most of the rewards earning cards," I think you're refering to one type of rewards card, the 3-2-1 type where you get 3% back on one category (gas, dining, or groceries), 2% back on a second category, and 1% back on all other purchases.  I have had a couple of these cards, and I use them only for the 3% categories.  I avoid using them for anything else.  My 2% on everything card gets all the rest of my transactions.  If I could only have one card in my wallet, it would be a 2% or 1.5% on everything card, not a 3-2-1 card.  I've done the math, and the rewards would be higher.  I have also noticed that the 3-2-1 cards tend to have higher minimum redemptions than flat rate cards, and I consider that a drawback.

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It's a little more general that that, e.g. Freedom, Discover IT, where you get 5% on some transactions, 1% on the rest, or cash +, which is 5%, 2%, 1%.

[Anonymous]

I think most people with a 5-2-1 card in time will end up using it only for the 5% category/categories.  I say in time because if it's one of their only cards (starting out) they may use it more often than would otherwise be the case if they had a more diverse set of cards.

[Anonymous]

Post rebuild I'm using the discover IT to kill two categories with one card - a rotating category 10% back card & a 2% on everything else card. Plus they gave me my first five digit limit card which at the time was a good 4k above the rest. All of this made the IT perfect.

For the first year anyways, once CB match ends in August the cards value to me drops significantly as it goes back to a semi-overlapping 5/1% cat card. But for year one you can't beat it. I'm Au on the wife's citi dividend, which we're PC'ing to double cash (on account of terrible categories) and will take the place of flat rate 2% card come August.

I'm of the mind that if you are genuinely pumping enough spend through a general purpose card that the. 05% difference between a standard 1.5% vs 2% card is significant enough to warrant the HP and AAOA hit to open a 2% card you're "doing it wrong" and should consider adopting a points ecosystem and using that card instead of a cashback. Of course that's just this bears opinion.

[UpperNwGuy]

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@Anonymouswrote:
I'm of the mind that if you are genuinely pumping enough spend through a general purpose card that the. 05% difference between a standard 1.5% vs 2% card is significant enough to warrant the HP and AAOA hit to open a 2% card you're "doing it wrong" and should consider adopting a points ecosystem and using that card instead of a cashback. Of course that's just this bears opinion.

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The points ecosystems only yield good returns for travel redemptions.  Many people on this board don't travel, so they avoid points and miles and stick to cash back cards.

[Anonymous]

I never travel.  Literally never.  I downgraded my CSP to the CS last week to avoid the AF approaching in May, as I only got the card for the $500 SUB.