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Wednesday, January 22, 2020 7:29:59 PM
Not that I'm selling this, but confessions of a tightwad, with a $100k between BofA and Merrill.
2.62% back on everything
5.5% back on Restaurants, or choose (gas, online, travel, drug store, or home improvement)
and 3.5% back on Groceries
If we're spending a lot on airlines, we change one of our two Cash Back cards to Travel that month or two, then switch it back to restaurants. We still need to keep one of the two Cash Back cards as a restaurant card on vacation because dining is often more costly than the hotels.
In a foreign currency the Travel card's 2.62% back with 0% Forex is better than the 5.5% minus the 3% Forex fee on the Cash Back card.
With 5% on my Chase Amazon card, the only time we use our Chase Freedom cards is when they're offering 5% back on gasoline. But I drive only 4,500 miles a year in Los Angeles, so even though I get only 13.6 mpg, that's only $1.97 more back on gasoline per quarter more for carrying the Chase Freedom in addition than the BofA Travel Visa.
We both make a few gasoline charges each year on the Chase Freedom card so they don't drop us, otherwise I wouldn't bother. You never know when Chase might become competitive again.
2.62% back on everything
5.5% back on Restaurants, or choose (gas, online, travel, drug store, or home improvement)
and 3.5% back on Groceries
If we're spending a lot on airlines, we change one of our two Cash Back cards to Travel that month or two, then switch it back to restaurants. We still need to keep one of the two Cash Back cards as a restaurant card on vacation because dining is often more costly than the hotels.
In a foreign currency the Travel card's 2.62% back with 0% Forex is better than the 5.5% minus the 3% Forex fee on the Cash Back card.
With 5% on my Chase Amazon card, the only time we use our Chase Freedom cards is when they're offering 5% back on gasoline. But I drive only 4,500 miles a year in Los Angeles, so even though I get only 13.6 mpg, that's only $1.97 more back on gasoline per quarter more for carrying the Chase Freedom in addition than the BofA Travel Visa.
We both make a few gasoline charges each year on the Chase Freedom card so they don't drop us, otherwise I wouldn't bother. You never know when Chase might become competitive again.
We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.
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