Comments on: The end of 5% reward cards? http://www.pragmaticfinance.com/the-end-of-5-reward-cards/ Putting my Financial House in Order Wed, 07 Jan 2009 22:15:24 +0000 http://wordpress.org/?v=2.2.1 By: Joel http://www.pragmaticfinance.com/the-end-of-5-reward-cards/#comment-1134 Joel Sat, 16 Sep 2006 04:38:57 +0000 http://www.pragmaticfinance.com/the-end-of-5-reward-cards/#comment-1134 The recent changes to the cash back rewards of the Citi Dividend MasterCard prompted me to do some personal analysis to find the best mix of cash back cards for my spending patterns. That personal analysis inspired me to build a general-purpose tool to help anyone determine the single best card or mix of N cards that will maximize their cash back rewards. You just plug in how much you spend each month (broken out by categories for best results) and you're presented with a list of recommended cards sorted from best to worst by your expected annual reward. If having more than one card and using each card to its strengths could yield a greater total reward, then each combination of the Best N cards is presented as well. You can see the tool at http://www.creditcardtuneup.com/ . The recent changes to the cash back rewards of the Citi Dividend MasterCard prompted me to do some personal analysis to find the best mix of cash back cards for my spending patterns.

That personal analysis inspired me to build a general-purpose tool to help anyone determine the single best card or mix of N cards that will maximize their cash back rewards. You just plug in how much you spend each month (broken out by categories for best results) and you’re presented with a list of recommended cards sorted from best to worst by your expected annual reward. If having more than one card and using each card to its strengths could yield a greater total reward, then each combination of the Best N cards is presented as well.

You can see the tool at http://www.creditcardtuneup.com/ .

]]> By: Pragmatic Finance - Putting my Financial House in Order http://www.pragmaticfinance.com/the-end-of-5-reward-cards/#comment-393 Pragmatic Finance - Putting my Financial House in Order Sat, 19 Aug 2006 16:45:58 +0000 http://www.pragmaticfinance.com/the-end-of-5-reward-cards/#comment-393 [...] It appears that Citibank took the links to apply for the Citi Dividend Platinum Select card off their site. If you follow an old link and try to apply you get a message that they are making changes to the card. Unfortunately “improvements” is probably not the right term. Several months ago I discussed about Chase no longer accepting new applications for their gas/grocery/pharmacy 5% back cards and the possibility of the end of 5% rewards cards. I was hoping that I was overreacting but I guess I wasn’t. [...] […] It appears that Citibank took the links to apply for the Citi Dividend Platinum Select card off their site. If you follow an old link and try to apply you get a message that they are making changes to the card. Unfortunately “improvements” is probably not the right term. Several months ago I discussed about Chase no longer accepting new applications for their gas/grocery/pharmacy 5% back cards and the possibility of the end of 5% rewards cards. I was hoping that I was overreacting but I guess I wasn’t. […]

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