Changing My Credit Card Method (For Hopefully The Last Time)

I’m changing my credit card method one more time. This time should hopefully be the last…unless I get a better card in the future.

I’ve written about the way I use my credit cards in the past and I have mostly stuck to that. I do tend to change up the use but now I think I have a way that will make the most sense.

(If you are not reading this post at www.howisavemoney.net or in your feed reader, it may have been stolen from my site.)

Old Method

The old way I used my credit cards is to use a new card every month. I did this for two reasons

  1. I switch cards to keep them active
  2. I switch based on the revolving categories

New Method

The new way I use my credit cards is to stick to just one for all purchases. The card  I have chosen is the Citi Double Cash back card. I chose it for the following reasons

  • It gives 2% cash back consitently
  • It generally gets my categories right in Mint

Consistent 2% cash back

This card gives 1% on every purchase every time. This means I no longer have to worry about whether a purchase qualifies under the rotating category or not. Then I also get 1% when I pay the card. Since I treat my credit card like a debit card this means it gets paid in full every month. This translates into a full 2% cash back every month on all purchases.

Mint syncing

Some of my other cards have a problem syncing with Mint. In fact one of my cards does not even report to Mint at all. This meant I had to manually split purchases on a spreadsheet to see which categories I was spending in. Then when the payment posted I had to classify it in Mint from the checking account side.

One card to rule them all

So for now I will just stick to that one card for all purchases. I tried it in the past and failed but I am determined to make it work now.

I believe this will be the best way for me to actually make the most of my card.

Figuring out the best credit card method is a process of trial and error. Of course I’ve made mistakes like when I robbed myself by using my points. Moving forward I will have all the bills paid only on that one card AND use it for shopping so that everything goes on it.

Author: Lulu

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