A Quick PSA On The Custom Cash 5X Earning: Don’t Make This Mistake
I thought I should do a quick PSA on the Custom Cash card and it’s 5X earning. I love the card and the uniqueness of the 5X earning. You essentially choose the 5X earning category each month with your spend. And unlike its main competitors, like the Chase Freedom Flex, the Custom Cash’s 5X earning resets every month, not every quarter. So you get to choose your 5X earning category AND you can change it up every month. Pretty cool!
The problem, or reason for the PSA, is for something both myself and Benjy fell victim to. See, we both thought we knew too much and didn’t read the fine print of the Custom Cash closely enough. We both assumed, you know what assume means right, that the 5X clock resetting was done by calendar month. Well…it is not. It is reset after your statement close date.
This isn’t a huge deal but something you should be aware of so you don’t accidentally waste some spend on 1X earning. I would prefer it to be based on calendar month since that is cleaner and easier to remember. Sometimes your statement close date will shift a little bit from month to month etc. which makes it a little harder to track. I may just pick a date a week or so after my statement date to do the $500 in spend that day every month. Hit it quickly and move on to the next thing.
I figured if Benjy and I made the mistake the likely others would as well. Hopefully our errors can save you a few points of your own!