In my experience, micro optimizations like these represent yet another thing to keep track of. The upside is pretty small, while the potential downside (forget to cancel a card?) is larger. If you’re ok with paying the attentional overhead or it’s a source of entertainment, go for it.
Personally I’d rather use a standard rewards card (mine is 1.5% cash), not have to think about it, and spend my limited cognitive resources on doing well at my job, looking out for new opportunities with large upsides, working on side projects, or networking.
For those of us on low incomes it matters. People past points of diminishing returns, perhaps not.
I also now have three credit cards that between each of them manages 3-5% back on large fractions of my day to day spending, I just need to remember which one to use at which stores.
In my experience, micro optimizations like these represent yet another thing to keep track of. The upside is pretty small, while the potential downside (forget to cancel a card?) is larger. If you’re ok with paying the attentional overhead or it’s a source of entertainment, go for it.
Personally I’d rather use a standard rewards card (mine is 1.5% cash), not have to think about it, and spend my limited cognitive resources on doing well at my job, looking out for new opportunities with large upsides, working on side projects, or networking.
For those of us on low incomes it matters. People past points of diminishing returns, perhaps not.
I also now have three credit cards that between each of them manages 3-5% back on large fractions of my day to day spending, I just need to remember which one to use at which stores.