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Established Member
Posts: 29
Registered: ‎07-31-2017
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Visa AND Mastercard

Hi, guys.

 

I would like to clarify something. I do tend to be obsessive (i.e., cover all bases).

 

Both my Cap One Quicksilver MC and my Chase Freedom Unlimited Visa do the same thing with rewards (1.5% cash back). I am not interested in Chase ultimate points. I am strictly a "cash back" dude.

 

I use AMEX BCP for 6% groceries and 3% gas (even though I don't travel much). I use Quicksilver for the 1.5% back. I was thinking of  also carrying the Freedom Unlimited for two reasons:

 

I would have both Mastercard and Visa on my person (the two big guys).

 

In case Cap One declines my purchase I would still have Chase as a backup.

 

Both cards pay out 1.5% so there is no real disadvantage for using one or the other.

 

AMEX acceptance is not as good, so I would hate to have this happen at a "Visa/Mastercard only" merchant.

 

Discover sits in my sock drawer as an emergency backup, just in case my wallet is lost/stolen.

 

 

?????

Frequent Contributor
Posts: 418
Registered: ‎06-27-2017
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Re: Visa AND Mastercard

Your logic makes sense to me.

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Senior Contributor
Posts: 9,394
Registered: ‎04-23-2016
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Re: Visa AND Mastercard

Your input is logicalSmiley Wink
Established Contributor
Posts: 538
Registered: ‎07-14-2014

Re: Visa AND Mastercard

Sounds good to me, though I don't know of any place that takes MasterCard and not Visa, so it seems like two Visa cards would be just as good as a Visa/MC combo.  But if I were going to carry a Visa/MC combo, I would do the Fidelity Visa and the Citi DoubleCash MasterCard, and get 2% instead of 1½%.

 

Chris.

Established Contributor
Posts: 780
Registered: ‎05-05-2017
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Re: Visa AND Mastercard

[ Edited ]

My ideal cash back lineup:

 

Amex BCP - excellent grocery earning rate may be worth the AF

Citi DC MC - 2% catch all with excellent protection benefits

Cap1 Premier Dining Rewards MC - 3% restaurants, my biggest category, also no FTF

Chase Freedom Visa - for when 5% categories are better than above

That would cover the Amex/MC/Visa networks.

 

 

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Posts: 1,006
Registered: ‎01-16-2017
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Re: Visa AND Mastercard


MrDisco99 wrote:

My ideal cash back lineup:

 

Amex BCP - excellent grocery earning rate may be worth the AF

Citi DC MC - 2% catch all with excellent protection benefits

Cap1 Premier Dining Rewards MC - 3% restaurants, my biggest category, also no FTF

Chase Freedom Visa - for when 5% categories are better than above

That would cover the Amex/MC/Visa networks.

 

 


You forgot Bank of America Cash Rewards which gives minimum of 3 percent on gas.  If you have Bank of America accounts it goes up to 3.3to 4.5 percent depending on your balance.

January 15 2017 Experian 527 Transunion 528 Equifax 529
August 1 2017 Experian 702, Transunion 711, Equifax 715

BOA Cash Rewards, AMEX BCE, AMEX PRG, AMEX Ameriprise Platinum, AMEX SPG, CITI AADvantage Platinum, Chase Southwest Premier, Chase Southwest Plus, Barclay Arrival +, Barclay AAdvantage Red Aviator, USAA Prefered Cash Rewards , Cap One Quicksilver, Lendup L card, JCrew, Pottery Barn, Express, NFCU Go Rewards.. 130k total credit lines.
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Re: Visa AND Mastercard


frogman1 wrote:

MrDisco99 wrote:

My ideal cash back lineup:

 

Amex BCP - excellent grocery earning rate may be worth the AF

Citi DC MC - 2% catch all with excellent protection benefits

Cap1 Premier Dining Rewards MC - 3% restaurants, my biggest category, also no FTF

Chase Freedom Visa - for when 5% categories are better than above

That would cover the Amex/MC/Visa networks.

 

 


You forgot Bank of America Cash Rewards which gives minimum of 3 percent on gas.  If you have Bank of America accounts it goes up to 3.3to 4.5 percent depending on your balance.


Actually it goes up to 5.25%.

Perks, purchase protection, and sketchy merchants: Schwab Platinum.....Price rewind and extended warranties: Costco.....Travel insurance: Prestige.....Renewal nights: IHG, Hyatt.....Rewards/Offers: Discover, Freedom, ED, BCE.....Taxes/Misc: SPG...Questioning the value of: CSP, Arrival

760ish FICOs...Rebucketing hurts!
Total CL: Enough
Frequent Contributor
Posts: 480
Registered: ‎04-26-2017

Re: Visa AND Mastercard

1. 2% cards are readily available, get one and use it as your base card.

 

2. Release your Discover from SD for its 5% category.

 

3. PC your FU to Freedom for its 5% Category.

 

4. SD your QS until you visit a foreign country.

Established Contributor
Posts: 780
Registered: ‎05-05-2017
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Re: Visa AND Mastercard


frogman1 wrote:

MrDisco99 wrote:

My ideal cash back lineup:

 

Amex BCP - excellent grocery earning rate may be worth the AF

Citi DC MC - 2% catch all with excellent protection benefits

Cap1 Premier Dining Rewards MC - 3% restaurants, my biggest category, also no FTF

Chase Freedom Visa - for when 5% categories are better than above

That would cover the Amex/MC/Visa networks.

 

 


You forgot Bank of America Cash Rewards which gives minimum of 3 percent on gas.  If you have Bank of America accounts it goes up to 3.3to 4.5 percent depending on your balance.


 

I didn't include it because the BCP already returns 3% on gas and I don't have 100 grand to park in a ML account.

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Posts: 6,311
Registered: ‎02-24-2015
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Re: Visa AND Mastercard


johnny50 wrote:

Hi, guys.

 

I would like to clarify something. I do tend to be obsessive (i.e., cover all bases).

 

Both my Cap One Quicksilver MC and my Chase Freedom Unlimited Visa do the same thing with rewards (1.5% cash back). I am not interested in Chase ultimate points. I am strictly a "cash back" dude.

 

I use AMEX BCP for 6% groceries and 3% gas (even though I don't travel much). I use Quicksilver for the 1.5% back. I was thinking of  also carrying the Freedom Unlimited for two reasons:

 

I would have both Mastercard and Visa on my person (the two big guys).

 

In case Cap One declines my purchase I would still have Chase as a backup.

 

Both cards pay out 1.5% so there is no real disadvantage for using one or the other.

 

AMEX acceptance is not as good, so I would hate to have this happen at a "Visa/Mastercard only" merchant.

 

Discover sits in my sock drawer as an emergency backup, just in case my wallet is lost/stolen.

 

 

?????


Sounds like a good plan if you have room for 3 cards.

FICO8 EQ 719 TU 743 EX 716 Total revolving credit 430500

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