Hi everyone, I posted earlier inquiring about the Chase Sapphire Preferred and I'll apply to it Monday. However, this will be by fifth card. I'm not a credit card enthusiast so I want to some help "simplifying" my usage.
Quick profile: Outside of rent and groceries, I mostly spend money shopping (clothes) and food/drinks. I travel at least once a year but will hopefully travel more often in 2020 and beyond. Cash back has been nice but I've not found it life changing so I'm focusing on travel rewards.
I have:
- Discover Card, 5% cash back rotating balance (my first credit card)
- AmEx Blue Cash Everyday, 3% on groceries but can only redeem after $25 has been accrued
- Amazon Prime Card, 5% on Amazon/Whole Foods, 2% groceries/retaurants, 1% everything else
- Chase Freedom Unlimited, 1.5% flat cash back
I'm thinking of shelving and not using the AmEx in favor of the Amazon after I redeem my cash back because I dislike the "wait till you have $25 to redeem" and I can order from Whole Foods. Worst case scenario, 2% isn't bad.
The Discover card I can also shelve and only use if the cash back rotation is good. Right now it's PayPal so getting good cash back from online purchases but I rarely used it outside of that this year.
So my "strategy" then would be, Amazon for Amazon/Whole Foods/grocery, CFU for regular purchases, and use the points for that towards CSP travel rewards, and then use the CSP for dining/travel.
Does this sound good?