Welcome to Point Me to First Class, the only show for employed professionals, entrepreneurs,

and business owners who are looking to optimize their higher than average expenses to travel the world.

I'm your host, Stephen Gimbleimble and I believe that your expenses are your

greatest untapped asset if you know how to leverage them. Ready to dive into the world

of credit card points and miles so you can travel more, travel better, and travel often.

Let's get started.

Welcome back everybody to today's episode, which is part two of the cash back

versus rewards credit card showdown that we started last week.

Today we are going to be looking at whether it makes sense to continue using cash back credit cards at specific stores even if you're already

using rewards credit cards for most of your purchases in order to earn points.

And I wanted to talk about this because something I often see is that someone will have one or a few great points earning credit cards.

And they'll be using those really strategically to optimize earning extra points in the bonus categories

those cards offer. For example, using a Chase Sapphire Reserve card for

dining and restaurant spend in order to earn three chase points for every dollar spent or

using an American Express gold card for grocery purchases in order to earn four

American Express points for every dollar spent but they also continue to use

credit cards that function as cash back credit cards for very specific purchases,

like using a target credit card for target purchases or having an Amazon credit card that they only use for buying things

through Amazon. And the reason that people tend to hang on to these store-specific

credit cards and continue using them when they don't earn points or miles from them is often

because they offer really strong cash back rewards. Like the City Costco card that earns 2% cash back

when used to make purchases at Costco, or the target card that offers

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