Originally Posted by
dhuey
Except when you consider the opportunity cost for those of us who have 5x points for wireless bills (Chase Ink for me). This would mean giving up 4 UR points per dollar for me. I've got the whole family on the Verizon account, which is around $200/mo. I value the 4x lost points at about 6 cents, so for me this coverage would effectively cost about $12/month. Given the $50 deductible, I'll pass.
I get where you are coming from and don't blame you given the math you laid out. I'm simple though. I don't have 28 cards and try to determine categories and such. I use 1 card for all expenses and keep 1 backup card that I occasionally buy a coke on to keep active. I'll do a sign up bonus maybe twice a year, get the points and cancel the card. I value simplicity in my life.