Why Two Cash Back Credit Cards Are Better Than One

Depending on how much you use your credit card, it can make a lot of financial sense to use more than one cash back credit card.

Some cashback cards give a higher cashback percentage at certain stores or within specific spending categories.  So you should be using such a card anytime you shop at those places.  This often results in up to a 5% savings.

When you only use one cashback credit card you are tied to the limitations of that card.  Such limitations sometimes include  maximum annual cashback earnings or maximum earnings at the highest cashback percentage.

Having a second cash back credit card, allows you to switch cards when you reach account limitations or when you will receive more cashback with one card over the other.  This way you are earning the most cashback possible.

Do keep in mind that some credit cards have minimum spending limits to qualify for rewards.  So make sure you meet all requirements before tucking away one of your cashback cards in the back of your wallet.