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Visa AND Mastercard

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Anonymous
Not applicable

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.

 

 

?????

Message 1 of 18
17 REPLIES 17
UpperNwGuy
Valued Contributor

Re: Visa AND Mastercard

Your logic makes sense to me.

Daily Carry: PenFed Power Cash • NFCU Flagship • NFCU More Rewards • Chase Freedom
Sock Drawer: PenFed Promise • NFCU cashRewards • Chase Sapphire Preferred • Chase Freedom Unlimited • United Explorer • UNFCU Azure
Message 2 of 18
AverageJoesCredit
Legendary Contributor

Re: Visa AND Mastercard

Your input is logicalSmiley Wink
Message 3 of 18
Anonymous
Not applicable

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.

Message 4 of 18
MrDisco99
Valued Contributor

Re: Visa AND Mastercard

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.

 

 

Message 5 of 18
Anonymous
Not applicable

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.

Message 6 of 18
wasCB14
Super Contributor

Re: Visa AND Mastercard


@Anonymous 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%.

Personal spend: Amex Gold, Amex Schwab Plat., BofA PR+CCR(x2), Costco
Business use: Amex Bus. Plat., BBP, Lowes Amex AU, CFU AU
Perks: Delta Plat., United Explorer, IHG49, Hyatt, "Old SPG"
Mostly SD: Freedom Flex, Freedom, Arrival
Upgrade/Downgrade games: ED, BCE
SUB chasing: AA Platinum Select
Message 7 of 18
Anonymous
Not applicable

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.

Message 8 of 18
MrDisco99
Valued Contributor

Re: Visa AND Mastercard


@Anonymous 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.

Message 9 of 18
SouthJamaica
Mega Contributor

Re: Visa AND Mastercard


@Anonymous 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.


Total revolving limits 650200 (530700 reporting) FICO 8: EQ 708 TU 714 EX 715

Message 10 of 18
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