M is for Money

I confess, I opened a new credit card last week. I can’t help it, I’m addicted to rewards. My main card, a Chase Freedom Mastercard, gives you cash back depending on where you shop. Grocery stores, gas stations and fast food restaurants get 3% back and everywhere else is 1% back. Unfortunately they lowered the rewards for new card holders so I can’t recommend you get one. While most of our spending is in the top 3 categories, we do shop elsewhere. So I got a new card that pays 3% back no matter where I shop.

Of course there is a catch, the reward is not paid in cash. It’s a Subaru Mastercard and the reward is paid in vouchers good at Subie dealers for repairs, parts or even a new car. Now that my car is 4 ½ years old I expect more maintenance and repairs to crop up. Since I plan to have this car for a long time I want to keep it running and in good shape for years to come. The subie bucks will help cover those maintenance costs just by virtue of our regular shopping. We will still use the Freedom card for our grocery, gas and fast food purchases because I prefer straight cash rewards. But any other shopping will go on the new card. I don’t expect it will cover all of our maintenance costs, but every little bit helps. What rewards cards do you use and why?


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