Credit Card Offers from Chase and Discover
Guest: surf4soul
Post subject: Credit Card Offers from Chase and Discover
Posted: Mon Oct 09, 2006 2:50 am
Discover Has a 5% cash back on gas and the Chase perfect card offers some great cash back also.
Take a look at thos too.
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Guest: exmbnaperson
Posted: Tue Oct 10, 2006 11:38 pm
surf4soul wrote:
Discover Has a 5% cash back on gas and the Chase perfect card offers some great cash back also.
Take a look at thos too.
Discover has caps on the cards. 5% is only for the first $1200 in purchases per year.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: joelmeu
Posted: Thu Oct 12, 2006 12:39 am
LustfortheMoment wrote:
I think that you need a combined strategy for the best cash rebates.
You need a card like HSBC to obtain 5% on gas, supermarkets, and drugstores.
You need another card like AMEX Blue Cash or Fidelity Mastercard to get 1 1/2 to 2% for all other purchases.
I absolutely agree. However, have you ever tried doing the exhaustive analysis of all possible combinations of cards against your spending profile? (i.e. How much you spend each year in each category -- travel, gas, groceries, restaurants, home improvement, office supplies, telecom, convenience stores, car rentals, electronics, web advertising and hosting, warehouse clubs, utilities, etc.)
It's a downright scary number crunching exercise. Just think about how many combinations there are of 3 cashback cards (that's how many I use) out of the leading 15 or so cards that each have something special to offer in certain categories. (That's 15 factorial divided by (12 factorial times 3 factorial) -- i.e. (15 * 14 * 13) / (3 * 2 * 1).) Then for each of those distinct combinations you have to run a mini-simulation that applies a year of spending against the cards in that combination via a "greedy" algorithm that is intelligent enough to think about taking advantage of higher year-to-date spending tiers by suffering through the low-paying YTD tiers first (but only if it's worth it). And if you're willing to carry and use 4 cards to their strengths... woe! And how do you know how much more you could get for using the best 3 cards (for you) than the best 2 cards (for you)? Or how much more you'll get for the best 4 cards over the best 3 cards? Using just 1 card is much simpler. Are multiple cards really worth the hassle?
Sure, there are simple "heuristic" methods that'll usually get you to a pretty good mix of cards without doing too much math, but you won't always arrive at the best mix of N cards and you certainly won't *know* for sure that you've got the best combination. And so you won't really know if you've made a good choice to only carry 2 cards instead of 3 cards (for example).
Anyway, that's why I built a tool for myself that does all that number crunching. Then I figured, "Hey! I bet others would like to use this bad boy!" You can try it at CreditCardTuneUp.com and thank me later. ; )
_________________
Joel M.
www.CreditCardTuneUp.com
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Post subject: Credit Card Offers from Chase and Discover
Posted: Mon Oct 09, 2006 2:50 am
Discover Has a 5% cash back on gas and the Chase perfect card offers some great cash back also.
Take a look at thos too.
_________________
Save $.15 Per Gallon Of Gas
http://www.GasCardGuru.com
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: exmbnaperson
Posted: Tue Oct 10, 2006 11:38 pm
surf4soul wrote:
Discover Has a 5% cash back on gas and the Chase perfect card offers some great cash back also.
Take a look at thos too.
Discover has caps on the cards. 5% is only for the first $1200 in purchases per year.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: joelmeu
Posted: Thu Oct 12, 2006 12:39 am
LustfortheMoment wrote:
I think that you need a combined strategy for the best cash rebates.
You need a card like HSBC to obtain 5% on gas, supermarkets, and drugstores.
You need another card like AMEX Blue Cash or Fidelity Mastercard to get 1 1/2 to 2% for all other purchases.
I absolutely agree. However, have you ever tried doing the exhaustive analysis of all possible combinations of cards against your spending profile? (i.e. How much you spend each year in each category -- travel, gas, groceries, restaurants, home improvement, office supplies, telecom, convenience stores, car rentals, electronics, web advertising and hosting, warehouse clubs, utilities, etc.)
It's a downright scary number crunching exercise. Just think about how many combinations there are of 3 cashback cards (that's how many I use) out of the leading 15 or so cards that each have something special to offer in certain categories. (That's 15 factorial divided by (12 factorial times 3 factorial) -- i.e. (15 * 14 * 13) / (3 * 2 * 1).) Then for each of those distinct combinations you have to run a mini-simulation that applies a year of spending against the cards in that combination via a "greedy" algorithm that is intelligent enough to think about taking advantage of higher year-to-date spending tiers by suffering through the low-paying YTD tiers first (but only if it's worth it). And if you're willing to carry and use 4 cards to their strengths... woe! And how do you know how much more you could get for using the best 3 cards (for you) than the best 2 cards (for you)? Or how much more you'll get for the best 4 cards over the best 3 cards? Using just 1 card is much simpler. Are multiple cards really worth the hassle?
Sure, there are simple "heuristic" methods that'll usually get you to a pretty good mix of cards without doing too much math, but you won't always arrive at the best mix of N cards and you certainly won't *know* for sure that you've got the best combination. And so you won't really know if you've made a good choice to only carry 2 cards instead of 3 cards (for example).
Anyway, that's why I built a tool for myself that does all that number crunching. Then I figured, "Hey! I bet others would like to use this bad boy!" You can try it at CreditCardTuneUp.com and thank me later. ; )
_________________
Joel M.
www.CreditCardTuneUp.com
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 7:21 PM
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