topic Re: Single Everyday or Multiple Cards in Credit Cards

Single Everyday or Multiple Cards

Blackbeauty212 — Mon, 08 Dec 2014 03:27:55 GMT

Simple Question....

Do you have 1 daily driver or Multiple Cards you shuffle Everyday spending through?

Me: I have 2 main drivers..... my QS V Sig for all of monthly Auto Bill Pays, and my QS WMC for Everyday Spending.... i love how there's no FTF on Cap One, and the Cash Back can be reedeem whenever and for whatever amounts, also that you can combine Cashback from Multiple Accounts.

Re: Single Everyday or Multiple Cards

Anonymous — Mon, 08 Dec 2014 03:29:02 GMT

@Blackbeauty212 wrote:
Simple Question....

Do you have 1 daily driver or Multiple Cards you shuffle Everyday spending through?

Me: I have 2 main drivers..... my QS V Sig for all of monthly Auto Bill Pays, and my QS WMC for Everyday Spending.... i love how there's no FTF on Cap One, and the Cash Back can be reedeem whenever and for whatever amounts, also that you can combine Cashback from Multiple Accounts.

CSP, Marriott Rewards, IHG and SallieMae are my current rotation.

Re: Single Everyday or Multiple Cards

Anonymous — Mon, 08 Dec 2014 03:30:55 GMT

Amex BCP for supermarket, OBC for drugstore and all the rest goes on PP

Re: Single Everyday or Multiple Cards

Anonymous — Mon, 08 Dec 2014 03:35:12 GMT

Whichever card i am working towards the minimum spend for the signup bonus.

If none, I will use

- Fidelity Amex for some everyday transactions (and at places like costco and the dmv that do not take VISA)

- Amex Blue cash everyday for the $50 of groceries I do a month

- US Bank cash+ for eating out while they still have 5% restaurants

- chase ink for everything else

Re: Single Everyday or Multiple Cards

Anonymous — Mon, 08 Dec 2014 03:40:19 GMT

@Anonymous wrote:
Whichever card i am working towards the minimum spend for the signup bonus.

If none, I will use
- Fidelity Amex for some everyday transactions (and at places like costco and the dmv that do not take VISA)
- Amex Blue cash everyday for the $50 of groceries I do a month
- US Bank cash+ for eating out while they still have 5% restaurants
- chase ink for everything else

No offense but it seems you're wasting a lot of time. How long does it take you to reach, let's say, $2k for a sign-up bonus? I'm currently working on the Citi TYP which is half-way through after a week. By the end of next week I'll SD it and wait for the bonus to post.

Also, when spreading out over too many cards you have to wait forever to redeem anything, especially on the Fido... Citi DC, QS or (now new) Discover) would be better suited for such low spend as you can redeem anything anytime.

Re: Single Everyday or Multiple Cards

Blackbeauty212 — Mon, 08 Dec 2014 03:48:05 GMT

@Anonymous wrote:
@Anonymous wrote:
Whichever card i am working towards the minimum spend for the signup bonus.

If none, I will use
- Fidelity Amex for some everyday transactions (and at places like costco and the dmv that do not take VISA)
- Amex Blue cash everyday for the $50 of groceries I do a month
- US Bank cash+ for eating out while they still have 5% restaurants
- chase ink for everything else
No offense but it seems you're wasting a lot of time. How long does it take you to reach, let's say, $2k for a sign-up bonus? I'm currently working on the Citi TYP which is half-way through after a week. By the end of next week I'll SD it and wait for the bonus to post.

Also, when spreading out over too many cards you have to wait forever to redeem anything, especially on the Fido... Citi DC, QS or (now new) Discover) would be better suited for such low spend as you can redeem anything anytime.

THIS^ ....... Spreading your spending out over so many cards seems to be counter-productive when you really think about it...... If your target is Cashback, in many cases you earn more cashback (that you can actually use) by running all spending through one general cashback card, like the DC and QS than you do by spreading out spending to several Category Cards.

Re: Single Everyday or Multiple Cards

Anonymous — Mon, 08 Dec 2014 05:20:45 GMT

All of the cards in my sig I keep in my wallet, but the ones that see almost every day use are:

1) Chase AARP for restaurants (I eat out almost every day)

2) Sallie Mae for gas, groceries, Amazon

3) Quicksilver for everything else

Re: Single Everyday or Multiple Cards

mongstradamus — Mon, 08 Dec 2014 05:34:44 GMT

@Anonymous wrote:
All of the cards in my sig I keep in my wallet, but the ones that see almost every day use are:
1) Chase AARP for restaurants (I eat out almost every day)
2) Sallie Mae for gas, groceries, Amazon
3) Quicksilver for everything else

CSP+EDP is the combo i am running with right now.

Re: Single Everyday or Multiple Cards

Anonymous — Mon, 08 Dec 2014 05:43:31 GMT

Because Im still having to watch my utilization I have utilities running through my cap one and groceries and gas running through barclay rewards. My ideal is once I have paid everything off I will just use the barclay rewards until I can get the Sallie Mae.

Re: Single Everyday or Multiple Cards

L-TWT — Mon, 08 Dec 2014 06:12:03 GMT

For me, I perfer to use one daily card, regardless of the rewards I will or won't get back from each purchase. I stopped playing the "chase the reawards game"!, but each card in my portfolio serves a particular purpose.

Re: Single Everyday or Multiple Cards

Anonymous — Mon, 08 Dec 2014 06:22:52 GMT

I use Citi Double Cash / Capital One QS for daily cards

Sallie Mae for Amazon/Gas/Groceries

AARP for Restaurants

Shop Discover Online Shopping

Amex BCE for Costco.. lol

Re: Single Everyday or Multiple Cards

Anonymous — Mon, 08 Dec 2014 08:26:14 GMT

For me it's the Citi Diamond the last few months and most likely thru most of 2015. It's a decent limit and 0% apr through next year.

I don't get a regular paycheck per say. I buy material, do the work and send a bill so being able to carry an interest free balance when necessary is important to me since not everyone is quick getting a payment back for the work.

Re: Single Everyday or Multiple Cards

takeshi74 — Mon, 08 Dec 2014 14:20:50 GMT

@Anonymous wrote:
No offense but it seems you're wasting a lot of time. How long does it take you to reach, let's say, $2k for a sign-up bonus?

No offense but everyone's spend isn't identical. There's certainly a point to be made on spreading spend for rewards too thin but that point is going to differ from person to person.

Re: Single Everyday or Multiple Cards

Anonymous — Mon, 08 Dec 2014 14:52:10 GMT

If you just cash rewards at year end, it generally works out, even if you're spreading thin.

1) SM for farmer's market/gas

2) BCP for Supermarket

3) AARP for eating out

4) Freedom for Q4 Amazon (otherwise SM)

5) Discover IT for all other online shopping Q4 (basically all of my non-Amazon xmas shopping)

6) DC for everything else.

When in doubt, Wallaby to make sure I'm using the right card.

Re: Single Everyday or Multiple Cards

CreditMagic7 — Mon, 08 Dec 2014 15:35:21 GMT

I've settled on Citi Double Cash / BofA Cash Rewards for daily cards. BofA 20% CB (BankAmeriDeals) at RadioShack this month

Sam's Club exclusively for 5% Gas/3% Restaurants

Freedom WILL be for Q1 5% Groceries (Nice Timing since without Sallie Mae)

PayPal Extra MC Online Shopping

Re: Single Everyday or Multiple Cards

Anonymous — Mon, 08 Dec 2014 18:09:43 GMT

Sallie Mae takes care of the vast majority of my spending. Gas, groceries, and Amazon are easily my three biggest categories. I will use my Freedom if it is spending in a bonus category. BoA Cash rewards only if my Sallie Mae categories are used.

Re: Single Everyday or Multiple Cards

-NewGuy- — Mon, 08 Dec 2014 18:12:11 GMT

Honestly, I use one card right now. Just one. It works for me and is a lot less to remember.

Re: Single Everyday or Multiple Cards

Closingracer99 — Mon, 08 Dec 2014 19:23:47 GMT

I use my csp , playstation card , Amex everyday (Costco only really ) , chase freedom and my mlb card

Re: Single Everyday or Multiple Cards

Anonymous — Mon, 08 Dec 2014 19:48:10 GMT

Sapphire - Restaurants/Fast Food/Starbucks
Sallie Mae - Groceries/Nook books
BCE - Temporarily putting most bills on it for bonus purposes, later using as back up to SM
Discover - Online shopping, Discover deals mostly (which are pretty sweet)
Freedom - No love except automatic monthly payments to charities. Thought id be keeping this and closing Sapphire but itll be the opposite. Sapphire is more useful to me.
One rotating categories card is enough!

Re: Single Everyday or Multiple Cards

Anonymous — Tue, 09 Dec 2014 01:02:47 GMT

DC is my default card. Sallie Mae for groceries. Fidelity Amex for Costco gas. Trying to sd Freedom - after grocery quarter and restaurant quarter, I'll have $25. Still use Disover for catagories. Now that there is no redemption minimum, it's easier to get cashback. I do try to use the least number of cards possible while still maximizing cashback.