EveryDay vs. Blue Sky - Please Help Me Decide

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Vattené
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Postby Vattené » Fri Oct 03, 2014 10:38 am

Amex may not have the prestige/exclusivity it once did (all the better for me since I'm not making six figures), but that backdating sure is a huge perk. I don't know if I would want more than two primary cards to keep track of and make big payments on each month. As attractive as other cards are, for now at least I value simplicity more.

I am leaning towards the ED. I think I wanted it more all along, but didn't know if it was foolish to bank so much on MR points without a solid working knowledge of the system. As you point out though, they will always hold SOME value regardless of how partners or redemption rates fluctuate over time.
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now


popamode72
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Postby popamode72 » Fri Oct 03, 2014 10:42 am

Alright. Sounds like a done deal. Good luck on your ED card app. I have a good feeling that you're very likely to be approved. You'll also be surprised at how transparent and see through the card is when you first get it in the mail.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

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CarefulBuilder14
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Postby CarefulBuilder14 » Fri Oct 03, 2014 10:59 am

I hesitate to suggest an MR-based card for you only because MR points aren't terribly flexible, and you've said before that your major travel is several years away. I just don't want you to get into a situation where you try to book a flight reservation and the one flight you really want isn't with an MR partner. Then again, if you fly between two major cities, you can probably get a flight from one MR partner or another, and a signup bonus would help a lot.

I probably spend more on groceries relative to restaurants than most people, so my budget definitely supports the Sallie Mae / BCE combo and makes a dining card less important. $315 on groceries would be a slightly busier than average month for me.

Since I spend a lot on groceries, and I can get a high average reward rate on them, I'm okay with earning cash instead of MR points. I don't make enough total swipes in a routine month to justify an EDP, anyway, since many of my swipes would compete with 5% category cards and a future Arrival+.

Since you don't spend much on groceries, your BCE average award rate would be pretty low. So maybe an ED card is better for you than BCE.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

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Vattené
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Postby Vattené » Fri Oct 03, 2014 12:26 pm

Thanks, popamode72. I knew it was supposed to be transparent, but I figured the credit card plastic would make it really cloudy. I am interested to see one in person now.

That's been my biggest concern, CarefulBuilder14. Now the trip is a little less than two years away, if that makes any difference. If nothing else, I won't have accumulated as many points - meaning if I don't get a lot of value out of them it won't be AS big of a loss. The destination is London, but I will be departing from St. Louis...not sure if that is a major city in the airport world. I've looked on the Amex travel site and while I can't see anything about MR redempion I notice you can also use them for hotels. Are you aware of how attractive this route is? (Unfortunately, I am about to lose quite a few Hilton Hhonors points due to inactivity that were accumulated during a previous job. I considered the Hilton branded Amex card, but their points have such a low value I think I'm better off just sacrificing them.)

Another aside: I don't spend as much as you on groceries (I eat out more than I should), but Walmart is my go-to for it. I'm not an enthusiastic supporter, but they are much cheaper where I live. If only Walmart could qualify for a special category.
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now



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