topic Re: Any downside of carrying all MasterCards in wallet? in Credit Cards

Any downside of carrying all MasterCards in wallet?

Anonymous — Thu, 18 Oct 2018 00:52:49 GMT

The main 3 cards I currently use on the regular happen to all be MasterCards. Should I also carry a Visa or do you guys think It’s no big deal?

I don’t typically carry debit cards unless I know I will be few hours from home. My local bank accepts contactless payment so I could always use my phone to get money out if it came to it.

Re: Any downside of carrying all MasterCards in wallet?

kdm31091 — Thu, 18 Oct 2018 00:58:08 GMT

I think other than a few very specific situations (i.e. Costco) it really doesn't matter. Visa and MC are interchangeable 99% of the time.

Re: Any downside of carrying all MasterCards in wallet?

AverageJoesCredit — Thu, 18 Oct 2018 00:59:08 GMT

Probably no big deal. Afterall it is the MASTER card

Re: Any downside of carrying all MasterCards in wallet?

Anonymous — Thu, 18 Oct 2018 00:59:59 GMT

@Anonymous wrote:
The main 3 cards I currently use on the regular happen to all be MasterCards. Should I also carry a Visa or do you guys think It’s no big deal?

I don’t typically carry debit cards unless I know I will be few hours from home. My local bank accepts contactless payment so I could always use my phone to get money out if it came to it.

The risk of a network outage is very small (which is why the recent Visa one in Europe got so much press). So you have to weigh that against the "cost" of carrying a Visa. I wonder how it compares to the risk of carrying metal cards in case you are struck by lightening!

Re: Any downside of carrying all MasterCards in wallet?

Gmood1 — Thu, 18 Oct 2018 01:09:30 GMT

I'd be more concerned about only carrying cards from the same lender.

Re: Any downside of carrying all MasterCards in wallet?

Sharingan — Thu, 18 Oct 2018 01:31:30 GMT

@Anonymous wrote:
The main 3 cards I currently use on the regular happen to all be MasterCards. Should I also carry a Visa or do you guys think It’s no big deal?

I don’t typically carry debit cards unless I know I will be few hours from home. My local bank accepts contactless payment so I could always use my phone to get money out if it came to it.

I certainly wouldn’t carry a wallet full of MasterCards... but that’s just me. Although anecdotal, I have ran into more situations than I would’ve guessed when Visa and Mastercard weren’t simultaneously accepted. Parking garages have been the glaring example that quickly comes to mind, in my experience.

Regardless, if carrying all Mastercards hasn’t been an issue for you yet, it’s unlikely to suddenly become an issue going forward. I also agree with LTL regarding network outages.

Re: Any downside of carrying all MasterCards in wallet?

Anonymous — Thu, 18 Oct 2018 01:36:24 GMT

I have never run into a place that doesn't take MC.

Re: Any downside of carrying all MasterCards in wallet?

Anonymous — Thu, 18 Oct 2018 01:39:02 GMT

@Gmood1 wrote:
I'd be more concerned about only carrying cards from the same lender.

Well 2 of the cards I carry just happen to be from the same lender (citi)

Maybe I should swap the DC out with Fidelity Visa?

Re: Any downside of carrying all MasterCards in wallet?

Anonymous — Thu, 18 Oct 2018 01:42:26 GMT

@Sharingan wrote:
@Anonymous wrote:
The main 3 cards I currently use on the regular happen to all be MasterCards. Should I also carry a Visa or do you guys think It’s no big deal?

I don’t typically carry debit cards unless I know I will be few hours from home. My local bank accepts contactless payment so I could always use my phone to get money out if it came to it.
I certainly wouldn’t carry a wallet full of MasterCards... but that’s just me. Although anecdotal, I have ran into more situations than I would’ve guessed when Visa and Mastercard weren’t simultaneously accepted. Parking garages have been the glaring example that quickly comes to mind, in my experience.

Regardless, if carrying all Mastercards hasn’t been an issue for you yet, it’s unlikely to suddenly become an issue going forward. I also agree with LTL regarding network outages.

Definitely understandable. I've personally never ran into a place that doesn't take Mastercards (I dont shop at Costco). I guess the possible network outage is a concern although its very less likely to happen.

Re: Any downside of carrying all MasterCards in wallet?

Sharingan — Thu, 18 Oct 2018 01:47:27 GMT

@Anonymous wrote:
@Gmood1 wrote:
I'd be more concerned about only carrying cards from the same lender.
Well 2 of the cards I carry just happen to be from the same lender (citi)

Maybe I should swap the DC out with Fidelity Visa?

I, too, have both. Although I believe the Citi Double Cash is a better card with its very competitive benefits offering, Fidelity is still a decent option if the higher redemption threshold isn’t going to be an issue.

Re: Any downside of carrying all MasterCards in wallet?

Anonymous — Thu, 18 Oct 2018 02:03:19 GMT

@Sharingan wrote:
@Anonymous wrote:
@Gmood1 wrote:
I'd be more concerned about only carrying cards from the same lender.
Well 2 of the cards I carry just happen to be from the same lender (citi)

Maybe I should swap the DC out with Fidelity Visa?
I, too, have both. Although I believe the Citi Double Cash is a better card with its very competitive benefits offering, Fidelity is still a decent option if the higher redemption threshold isn’t going to be an issue.

I mostly favor the Fidelity due to them giving me a much higher limit than the DC. I definitely agree with the DC having the better benefits though in addition to the lower redemption threshold. With Fidelity, It normally takes me 3 months to meet the 50$ redemption threshold which isnt exactly ideal. I also carry the Citi Premiere which I believe has the same benefits as the DC as well. Unfortunately, that card isnt ideal for non categorized spending.

Since you have the Fidelity Visa and DC, do u also have specific uses for both cards? I was considering using the Fidelity for monthly bills while reserving the DC for all other non categorize spending.

Re: Any downside of carrying all MasterCards in wallet?

Sharingan — Thu, 18 Oct 2018 02:25:11 GMT

@Anonymous wrote:
@Sharingan wrote:
@Anonymous wrote:
@Gmood1 wrote:
I'd be more concerned about only carrying cards from the same lender.
Well 2 of the cards I carry just happen to be from the same lender (citi)

Maybe I should swap the DC out with Fidelity Visa?
I, too, have both. Although I believe the Citi Double Cash is a better card with its very competitive benefits offering, Fidelity is still a decent option if the higher redemption threshold isn’t going to be an issue.
I mostly favor the Fidelity due to them giving me a much higher limit than the DC. I definitely agree with the DC having the better benefits though in addition to the lower redemption threshold. With Fidelity, It normally takes me 3 months to meet the 50$ redemption threshold which isnt exactly ideal. I also carry the Citi Premiere which I believe has the same benefits as the DC as well. Unfortunately, that card isnt ideal for non categorized spending.

Since you have the Fidelity Visa and DC, do u also have specific uses for both cards? I was considering using the Fidelity for monthly bills while reserving the DC for all other non categorize spending.

It’s the reverse for me. My Double Cash has a significantly higher limit than my Fidelity card. I usually use the Double Cash for large purchases that I would like to keep under warranty for as long as possible, as well as any non-category spending. Typically, I weigh the extended warranty and price rewind coverage against a category bonus from a different card for certain purchases.

Admittedly, my Fidelity card is mostly unusued nowadays, but I still like having it around. The flat 2% compared to the DC’s 1+1 reward structure is largely inconsequential for me.

Re: Any downside of carrying all MasterCards in wallet?

Anonymous — Thu, 18 Oct 2018 02:44:46 GMT

@Sharingan wrote:
@Anonymous wrote:
@Sharingan wrote:
@Anonymous wrote:
@Gmood1 wrote:
I'd be more concerned about only carrying cards from the same lender.
Well 2 of the cards I carry just happen to be from the same lender (citi)

Maybe I should swap the DC out with Fidelity Visa?
I, too, have both. Although I believe the Citi Double Cash is a better card with its very competitive benefits offering, Fidelity is still a decent option if the higher redemption threshold isn’t going to be an issue.
I mostly favor the Fidelity due to them giving me a much higher limit than the DC. I definitely agree with the DC having the better benefits though in addition to the lower redemption threshold. With Fidelity, It normally takes me 3 months to meet the 50$ redemption threshold which isnt exactly ideal. I also carry the Citi Premiere which I believe has the same benefits as the DC as well. Unfortunately, that card isnt ideal for non categorized spending.

Since you have the Fidelity Visa and DC, do u also have specific uses for both cards? I was considering using the Fidelity for monthly bills while reserving the DC for all other non categorize spending.
It’s the reverse for me. My Double Cash has a significantly higher limit than my Fidelity card. I usually use the Double Cash for large purchases that I would like to keep under warranty for as long as possible, as well as any non-category spending. Typically, I weigh the extended warranty and price rewind coverage against a category bonus from a different card for certain purchases.

Admittedly, my Fidelity card is mostly unusued nowadays, but I still like having it around. The flat 2% compared to the DC’s 1+1 reward structure is largely inconsequential for me.

Gotcha! that makes perfect sense. I think what i will likely do is just carry the DC and leave the Fidelity at home. the 50$ threshold is tough to swallow considering I would be using 2-3 cards on a daily basis. I do have apple pay but im still more comfortable with physically carrying my cards with me.

I will, however, probably carry a visa credit card in the hidden card slot in wallet as backup. This card will likely be either the Chase Amazon or Cap 1 Venture.

Re: Any downside of carrying all MasterCards in wallet?

UpperNwGuy — Thu, 18 Oct 2018 02:53:46 GMT

There is no problem with having just MasterCards in your wallet. There is also no problem with having just Visa cards in your wallet. I've been all Visa for the last 18 months and have never had a problem, either here in the US or in Europe.

Re: Any downside of carrying all MasterCards in wallet?

wasCB14 — Thu, 18 Oct 2018 04:15:09 GMT

I've heard of some colleges only taking MC for tuition payments.

I get the impression MC is preferable for Plastiq...not sure if it's due to a recent promo or how it codes.

Apart from Costco, I went to an Asian food store near NYC about a year ago that only took Discover. I think it was due to the number of JCB/UnionPay customers.

Re: Any downside of carrying all MasterCards in wallet?

Anonymous — Thu, 18 Oct 2018 06:00:17 GMT

@wasCB14 wrote:
I've heard of some colleges only taking MC for tuition payments.

I get the impression MC is preferable for Plastiq...not sure if it's due to a recent promo or how it codes.

Apart from Costco, I went to an Asian food store near NYC about a year ago that only took Discover. I think it was due to the number of JCB/UnionPay customers.

There is a place in NY that only takes discover?!? That's something i've never expected to hear ...

Re: Any downside of carrying all MasterCards in wallet?

Anonymous — Thu, 18 Oct 2018 08:38:12 GMT

I was on a business trip in Colorado Springs, CO. On the 1st day there we went to visit the US Olympic Training Center. Everyone was in the gift shop grabbing items and checking out. At the register after I'm already rung out I'm told they only take Visa. I of course only had a discover, an amex and a Mastercard! Super embarrassing having to put back my items. This is the one and only time that has happened. I also now carry 2 visas lololol

Re: Any downside of carrying all MasterCards in wallet?

Blodreina — Thu, 18 Oct 2018 10:30:01 GMT

I ran into a parking thing in Phoenix that only took Discover.

Re: Any downside of carrying all MasterCards in wallet?

xaximus — Thu, 18 Oct 2018 13:08:54 GMT

Personally, I carry multiple different cards. There's been a few times where I haven't been able to use a specific card; Discover at Costco, Amex at many restaurants, few others that come to mind.

Re: Any downside of carrying all MasterCards in wallet?

Anonymous — Thu, 18 Oct 2018 13:51:56 GMT

Well I carry my 4 favorites and they happen to one of each.

Sam's Club MC for 5%gas and 3%restautants

WF Propel Amex for 3x travel and 3x restaurants

BBVA Visa 2% on everything

Disco for quarterlies... currently warehouse stores and 2% on everything