2 WAYS of Hassle-Free Credit Card Cash-Back
I used to open many cash-back credit cards to get most out of my spending, and ended up with having too many cards. Using the right card for each spending category was a hassle. So I want to propose hassle-free ways for anyone who wants to try.
Limit to 3 cards in your wallet or phone.
Exclude cards that change reward category every quarter, like Chase Freedom or Discover It (while they’re good cards, I exclude them for this proposal’s purpose)
You never carry balance; always pay off (or you will pay more money as credit interest than what you get as cash-back)
Some of the links to the credit card homepage includes my referral code.
Frugal way (no annual fee)
You can get 2% to 4% cash-back on your spending.
Luxury way ($800 annual fees)
If you see benefit of using premium cards despite of their steep annual fees, you can try this way to get 2% - 6.25% cash back.
Amex Platinum w/ Charles Schwab This gives 25% bonus cash-back on top of normal cash-back.
Brokerage account at Charles Schwab (no account maintenance or annual fee)
Both Amex cards give you Amex membership reward (MR) point for your spending.
When you cash back these points by your Amex Platinum w/ Schwab and deposit into your Charles Schwab brokerage account, you get additional 25% bonus, wow!
Cash-back with 25% bonus
Hope you find this helpful.