this post was submitted on 27 Aug 2023
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Which credit cards do you use for maximum rewards? (lemmy.ml)
submitted 1 year ago by [email protected] to c/[email protected]
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My family uses credit cards for all purchases and we pay them off in full each month. Although sometimes we'll use a 0% APR promotion for bigger purchases.

Which cards do you use for maximizing your rewards?

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[–] [email protected] 1 points 1 year ago (1 children)

I've done it before too but it really is sort of ridiculous to jump through hoops just to stretch your spending power by 1 or 2%, isn't it?

[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (1 children)

If you make alone or with you S.O. $100K a year that's one to two twousand dollars extra. Not sure if leaving that on the table is something I want to do now that I found a card I can exploit paying monthly in full as if it were my checking account.

[–] [email protected] 1 points 1 year ago

If it's just a card you like anyway and it's easy then great, but to spend time figuring out 2% vs 1% and meeting all the requirements, that's a damn small amount compared to increasing your income potential, learning skills, or getting various other life choices right.

I just think overall, personal finance folks spend too much time on these gimmicks vs maximizing their income or avoiding costs. Probably because it seems easy and you can do it from your couch.

Also, I shouldn't have said income. It's more like 1 or 2% of your credit card spend, which is hopefully a much smaller number (say $800 on a $100k income with $40k CC spend)