anon_investor wrote: ↑Tue Oct 19, 2021 5:27 pm
FrugalProfessor wrote: ↑Tue Oct 19, 2021 5:25 pm
anon_investor wrote: ↑Tue Oct 19, 2021 2:46 pm
spammagnet wrote: ↑Tue Oct 19, 2021 1:35 pm
BrandonBogle wrote: ↑Tue Oct 19, 2021 10:31 am… Now, the Customized Cash Rewards card has a $2,500 cap on its top level rebate, …
The $2,500/quarter cap is on the top- and mid-level combined but, as you say, it's per card.
From the Rewards tab of my BofA online account:
3% and 2% cash back on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter; then earn 1%.
[Emphasis added]
This is why I got the red CCR Visa and the Susan G. Komen Race For the Cure Visa, to go along with my PR Visa. Hopefully they do not kill PH's benefits, I should hit my 90 days and qualify for PH next month. $5k/quarter seems plenty for my needs.
My largest monthly spend is at Costco, so 3.5% CB from Costco was a big draw for me to try to get PH. I know others have mentioned getting 5.25% CB by buying Costco cash cards online, but I am pretty sure my spouse would strangle me if I told her she had to use a stack of Costco cash cards to pay at Costco (she is already annoyed that I am making her use 2 different BoA CCs now instead of her Citi Costco Visa). I have the catagories set to home improvement/furnishings and online shopping. I know I could try to optimize with gas/dinning/travel, but I already get 4% CB at Costco for gas and 3.5% is good enough for dinning/travel (neither of which we are doing much of right now). Again this is all contingent upon PH not getting slashed...
Largest Costco cash/shop denomination in $2k. That's what we do. Pretty slick for the extra 1.75% on our 17k of Costco spend per year.
What happens if the cash card gets lost or stolen?
Per Costco's Shop Card FAQ's: "WHAT SHOULD I DO IF MY SHOP CARD IS LOST OR STOLEN?
Costco is not responsible for lost or stolen cards and unfortunately, they cannot be replaced."
https://customerservice.costco.com/app/ ... -card-faqs
Although that doesn't exclude them cancelling the card and refunding the balance (minus what a bad actor spent, if so). The Costco Australia site says they can do that 'at our discretion'. Would be interesting to hear any actual experience with a lost Shop Card.
That's why we buy $500 ones generally, with BOA CCR at 5.25% CB, for pretty much all our in store spending at Costco except big items where Citi/Costco Visa gets you a free extended warranty rather than highest cash back. Or I might order a big item not eligible for the extended warranty at Costco.com directly with BOA CCR and pick it up.
As an earlier post suggested, one limit on my cash back chasing is what wife is willing to tolerate in complexity but she's OK with $500 Costco Shop Cards. I carry the next one if the current one is likely to be exhausted that trip. People have different propensity to lose stuff, also different subjective perceptions of crime risk (IME perception often varies much more than reality in that regard, though reality differs too by area). We're just careful not to lose them and I perceive the risk of theft as very low.