I received two different notifications from my credit card providers this week. One made me happy. The other made me a bit frustrated.
The one that made me happy indicated that my Visa card provider was sending me a new card because my existing card was a part of the Home Depot data breach. So why does this make me happy? Because I knew I had used my Visa at Home Depot during the affected time period. I wasn’t exactly sure what my next step should be. And lo and behold….my card provider was proactive and took care of it for me. That’s a sign that my credit card company is a good one. And that makes me happy.
The notification that frustrated me was in regard to my Subaru Rewards Mastercard. I rarely use this card. I have it for exactly one reason: Sam’s Club doesn’t accept Visa. So most of the time I use the Visa card I talked about earlier. But at Sam’s Club I needed to have either a Discover or a Mastercard. I did a little research about what card would give me the best rewards deal, and decided on the Subaru Mastercard. 3% of all of my purchases goes into a rewards account, and when that account reaches $100, I get a $100 gift certificate good for sales or service at any Subaru dealership. Since I own an aging Subaru Forester, this seemed like a good choice. But the frustrating communication I received recently said that my card provider is ending their partnership with Subaru and I should expect this card to be replaced by a cash back rewards Visa. The exact same Visa that I use already. And that won’t be accepted by the one store where I use the Mastercard. Frustrating. And to top it off, I was at $82 on my rewards total, leaving me a small window of time in which to either charge $600 worth of stuff or just give up and lose the rewards I’ve been accumulating. Frustrating!
As fate would have it, I needed to buy new tires for my car, which turned out to be a $500 expense at Sam’s Club. So I think I’ll use the Mastercard for groceries this week and meet my required spending to actually receive my gift certificate. But I still needed to address the issue of future shopping. I need a new Mastercard.
I use credit cards for convenience, not for credit. I pay these cards off in full at the end of every month. But to get the most “bang” for my card usage, I like to make sure I’m earning some kind of rewards with my credit cards. Luckily there are websites designed exactly for the purpose of finding your best rewards fit. NerdWallet, CreditCards.com, and CardHub are all decent sites to help you find the best card for you, and they helped me find the new card that I needed.
Now I’m not saying that everyone should go out and apply for a credit card. But it is nice knowing that there are resources available to help you find the one that’s the best fit for you.