@kdm31091 wrote:
Like any other cash back card you just need to run the numbers for your spend in the given categories and decide if the incremental gain vs your existing cards is worth managing another account.
Nobody is getting life changing money out of this so it's just about how much you want to manage in exchange for a handful more dollars a month.
This. Making the reasonable assumption that nearly all people who can get this card can get a flat 2% card, the added value maxes out at $240 a year, $20 a month. That's best case (although IF you are a good fit I think you are more likely to be able to max out this than one of the rotating cards where the issuer is choosing!)
As I have commented before, in this space it is easy to get over-excited about fairly small sums of money. When a SUB goes from $200 to $300 the internet breaks, but as @kdm31091 would say, the additional $100, or even the $300, isn't exactly life-changing. Or (heresy) even particularly significant in most people's budgets.
For all the excitement, cashback credit cards aren't going to be financially impactful generally. To "win", you need to be spending other people's money, either by heavy MS, or reimbursed business expenses or similar, so that 3-5% of "a very large amount" is large enough.
But that's the beauty of a hobby, we can be amazed by the appearance or construction of a card, marvel when a card offers us up to $25 in bonus spend, cry when a largely unused store card is CLD or closed etc. Just don't mistake it for sound finanacial planning!
