hey all. two things.
1. i think i messed up ROYALLY about a month ago when i transferred ~125K UR points for cash back instead of using them towards flights/travel which would have really extended the bang-for-the-buck factor.
2. i just got approved for a Chase Sapphire Reserve. my only other card is a Chase Freedom. i plan on using the Freedom for the rotating 5% categories and the CSR for everything else. and, of course, the CSR exclusively until i hit the $4k/3 month bonus of 100K UR points.
you might also want to get the Chase Freedom Unlimited once you hit that $4k mark on the Reserve. It gives 1.5% on everything.
so the "optimal" Chase card strategy becomes:
1.) Freedom for the 5% categories up to the max limit
2.) All travel and dining on the Sapphire Reserve (3%)
3.) Freedom Unlimited on everything else (1.5%)
the important thing is ALWAYS transfer your points to the Sapphire Reserve because you will get a 1.5x multiplier on the points when redeeming rewards (the Sapphire Preferred has only 1.25x multiplier). Chase lets your combine points as often as you want for free.
that makes your 5% category become essentially 7.5% back and your 1.5% from unlimited become 2.25% back.