On #2, you should get both the CCR and PR cards.Currently we have an Alliant Credit Union card with 2.5% cash back but our spending outpaces the limits so it dilutes with the 1.5% bracket to come to about 2.1%
In addition, we bank with Schwab and have >100K assets in a taxable brokerage with them.
Pick this idea apart-
1) Open up BoA/ME combo transferring in 100K of etfs for preferred status.
2) Which credit card should I focus on utilizing at BoA? Heavy travel and eating out. I believe the answer is the Premium Rewards but it doesn't appear to be a cash back card.......
3) Close Schwab checking and open a CMA/Brokerage combo at Fidelity to handle cash flows in/out. Close Schwab brokerage transferring remains assets into Fidelity brokerage.
My main goals are: primary CC with consistent reward % AND to stop having to buy/sell Schwab money market funds just to not get ripped in their low FDIC account.
So is a Fidelity+BoA/ME PR combo pretty common here?
There is just so many moving parts to this.
They are both essentially cash back cards. However, they serve different purposes, and your cash back will expand with both.
However, if you want only one, then yes PR is the one.
Statistics: Posted by rustlers — Sun Mar 31, 2024 11:31 pm — Replies 7068 — Views 894484