Credit Cards

[bs6054]

Hopefully this is obvious, but once you get the card, there is no need to use it for "everything"   BCE is good for groceries (3%), gas and a set of department stores (2%).

Everything else is 1%.   So, when you can use Freedom for a 5% category, use that instead!  And, if you value URs at more than 1c (as many do), then use the Freedom for all 1% spending as well.

[Viper786]

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bs6054 wrote:

Hopefully this is obvious, but once you get the card, there is no need to use it for "everything"   BCE is good for groceries (3%), gas and a set of department stores (2%).

Everything else is 1%.   So, when you can use Freedom for a 5% category, use that instead!  And, if you value URs at more than 1c (as many do), then use the Freedom for all 1% spending as well.

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That's a good point, Chase Freedom is at 5% for gas stations, starbucks and drugstores. I don't go to Starbucks and rarely visit a drug store so I'll be using my Freedom exclusively for gas for the next few months. I know this should have been obvious, but I really didn't think of it this way. Thanks for the heads up!

[youngandcreditwrthy]

But when Q1 is up.... BCE will still do 2% on gas!