I'm starting to wonder if there's any point in keeping cards with rotating categories IF you have other cards that cover the same categories year round (albeit at a lower %). I mean, Chase and Discover have become pretty predictable with their 5% categories.
What are your thoughts on this?
What are your thoughts on this?
To me, I will keep Discover/Freedom for a very long time, because I value the rotating categories. Of course, there are periods I don't use the cards, but that's ok for me.
I get 3% on gas year round with my BOA Cash Rewards, but you better believe I put all gas on my Freedom in its quarters!
@longtimelurker wrote:
@thelethargicage wrote:
I'm starting to wonder if there's any point in keeping cards with rotating categories IF you have other cards that cover the same categories year round (albeit at a lower %). I mean, Chase and Discover have become pretty predictable with their 5% categories.
What are your thoughts on this?Well, as usual it depends on how much work it is to keep the cards vs the expected gain. I have 5% gas cards and 5% dining cards but as these are Cash Back rather than UR, I am keeping the Freedom for now. But fine to drop, as I said in another thread, the love for these cards escapes me, with the cap being so low and the fact that Chase/Discover gets to choose the categories!
For low spend it is valuable. For higher spend, of course the uncapped is way more valuable. I'm no baller! 
@KennyRS wrote:
@longtimelurker wrote:
@thelethargicage wrote:
I'm starting to wonder if there's any point in keeping cards with rotating categories IF you have other cards that cover the same categories year round (albeit at a lower %). I mean, Chase and Discover have become pretty predictable with their 5% categories.
What are your thoughts on this?Well, as usual it depends on how much work it is to keep the cards vs the expected gain. I have 5% gas cards and 5% dining cards but as these are Cash Back rather than UR, I am keeping the Freedom for now. But fine to drop, as I said in another thread, the love for these cards escapes me, with the cap being so low and the fact that Chase/Discover gets to choose the categories!
For low spend it is valuable. For higher spend, of course the uncapped is way more valuable. I'm no baller!
On low spend it is small of course, maxing at $300 a year, whereas QS would give you $90 of that without the concern about categories. But of course all about preferences: financially getting a new card with sign up bonus and putting spend there to meet minimum makes more sense, but I know a lot of people don't like that.
@thelethargicage wrote:
I'm starting to wonder if there's any point in keeping cards with rotating categories IF you have other cards that cover the same categories year round (albeit at a lower %). I mean, Chase and Discover have become pretty predictable with their 5% categories.
What are your thoughts on this?
It sounds like you're considering closing these accounts. I wouldn't.
1. It will hurt your AAoA in 10 years
2. These cards don't cost you anything
3. You could PC, but then you wouldn't get the signing bonus
The only valid reasons to close an account are if there's an annual fee or if you want to churn it, IMO.
