Originally Posted by
Ispolkom
Why does it have to be one or the other? I use the Costco American Express for restaurants and gas, for which it gets a 3% rebate. Right now I'm using my new Citi American Airlines for just about everything else, since I'm working on the 75k promotion. Other cards come out of the desk drawer when depending on the situation.
Miles are good, cash is good. I think I derive some benefit from diversification.
I agree. Although, technically, spending on one card is always at the cost of another,I try both. Used the schwab (now FIA) 2% card from February, finally setup the brokerage account last month and had $500 deposited. That $25K was general household spend including some home improvement projects. I try not to overwhelm my husband with a 100 different cards (he shakes his head everytime he sees a new cc or debit card come in the mail) so general household spend is always on the 2% card or SPG amex (for costco). I use other tricks to meet minimum spend and keep cards active but a general rule, I'd rather take $500 cash v. 25000 miles which would only get me domestic coach. Besides, with the type of run we've seen on cc and other promos, what's 25000 miles these days? That's easy to get via other means
