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Interesting new credit card website

June 30th, 2013 at 12:58 pm

Have you seen this? Check out rewardboost.com.

You can enter all the credit cards you own here (not your accounts, just the name of the card) and it will help you maximize how much you earn in credit card rewards each year.

I'm constantly participating in various credit card reward offers and it gets difficult to keep track of which one's the best to use for specific purchase categories, like gas, groceries or dining out.

This site organizes all that for you and makes it easy to compare and contract reward offers so you know exactly which card to use for any given purchase.

The bottom line is, no one card is going to best for every spending category. I found that for the 3rd quarter, Chase Freedom will be best for buying gas with its 5% reward, but Amex Blue Cash Everyday will be best for charging groceries (3% reward). Citi Forward is best for fast food at 5%.

I've accumulated about 10 cards now. I have cancelled a bunch, but there are 2 I never use but will always hang onto because I've had them for years, before I got started on the credit card rewards kick.

And I notice my credit hasn't suffered with this many cards (I PAY IN FULL EVERY MONTH), so having several to choose from will help me optimize the savings. Right now I'm still working on upfront credit card rewards on 2 cards (Chase Sapphire Preferred and Bankamericard Travel Rewards) so am charging everything to these 2 cards, but once I meet my spend goals in another month, I'll then be using rewardboost to help me maximize everyday purchases with all or any of my cards.

3 Responses to “Interesting new credit card website”

  1. creditcardfree Says:
    1372595511

    Interesting! I can see where it would be very helpful, since so many of the cards have the rotating categories.

  2. Buendia Says:
    1372603881

    Just tried this! Neat tool! I could be making 5% instead of 3% on my gas purchases, but I'm not a member of the PenFed credit union... We do seem to spend a lot on gas (except most of it is reimbursed, so we don't really notice).

  3. PatientSaver Says:
    1372619520

    Not sure it's worth the trouble to apply for PenFed; since it's a credit union, they want to see proof of income as i recall, plus you have to pay a fee to join the credit union.

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