Originally Posted by
pooter03
I currently use the following cards:
Groceries & Gas: American Express Blue Preferred (6% and 3% respectively)
Restaurants: Citi Forward (3 points/$)
Travel: Chase Sapphire and United Mileage Plus
For everything else, I use the Fidelity Amex which is 2% cash back on all purchases. However, I have problems having it accepted at some places so I have to use another card at 1%. Now, Citi just came out with the Double Cash, which is also 2% cash on everything. Since , it is Mastercard instead of Amex, I'll have almost universal acceptance. Is it worth switching? If so, should I cancel the Amex or just shove it in a drawer? Is their another card I should consider instead? My goal is to have a minimum of 2% cash back or equivalent in points for all purchases.
Thanks!
Citi Forward should be 5 points/$ or 2 points/$, depending on which version. AFAIK, there was no 3 points/$ version.
As for the Fido Amex, I would not cancel it. It carries no minimum fee, so there is little benefit to canceling. The Citi Double Cash card is a fine replacement for the Fido Amex, because it also carries no AF and is more widely accepted than the Amex. If 2% is your goal and cashback is your reward of choice, then I'd suggest grabbing the Citi Double Cash card, stashing the Fido Amex is a drawer, and keeping the rest the same. The only other thing I might recommend is getting the Chase Freedom card to capitalize on the 5% categories (gas two quarters a year, etc).