Dropping the charge card?

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linuxmachine
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Dropping the charge card?

Postby linuxmachine » Wed Mar 05, 2014 8:07 pm

Not sure if I should keep the charge card anymore in light of the everyday preferred. Costs less and accrues more points. I've been travelling less lately, and do not see this changing anytime soon. I've actually downgraded from Plat to adjust to my new schedule, but at this point, I am not sure if I even want to keep it at ANY level. Only reason to keep is to maintain points, but once I pick up the EP card, what else do I have besides some good memories?


rockyrock
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Postby rockyrock » Thu Mar 06, 2014 8:26 am

linuxmachine wrote:Not sure if I should keep the charge card anymore in light of the everyday preferred. Costs less and accrues more points.


I'm right with you! I had decided to convert my Plat to PRG later this year and focus on MR points again; but now I'm thinking that may not be the most lucrative move. This new card seems to offer more for less. I will have to compare all the benefits side by side, luckily I have until August to decide.

I too will miss having one of the classic cards :-(
American Express (2005): Premier Rewards Gold & Blue Cash Preferred
Chase: Freedom & UA Club USAA: Signature Visa & American Express
Discover it Bank of Hawaii Hawaiian Airlines WEMC Synchrony Sam's MC
Navy FCU Platinum Visa Citi Double Cash & AT&T Access MC

Moneytalks
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Postby Moneytalks » Thu Mar 06, 2014 9:24 am

Dropped my gold card a while ago...Chase has my business now :)

I definitely like the idea of the Everyday card though, full MR points and not MRE points is a nice feature
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)

linuxmachine
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Postby linuxmachine » Mon Mar 10, 2014 10:23 pm

Moneytalks wrote:Dropped my gold card a while ago...Chase has my business now :)

I definitely like the idea of the Everyday card though, full MR points and not MRE points is a nice feature


Any reason why you decided to go with UR full time?

samhradh
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Postby samhradh » Tue Mar 11, 2014 8:21 am

I've been a cash back card person lately but my travel goal looking into the next two years is a trip to Japan to snowboard. MR points transfer 1:1 to Cathay pacific. So I'm thinking now is a good time to start accumulation through sign-up bonuses. I figure I'll start with one that has no AF and then keep it long term for when I close the AF charge cards (so I don't loose my points)?

Generally I think these new cards make way more sense than PRG.
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).

Moneytalks
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Postby Moneytalks » Tue Mar 11, 2014 8:54 am

linuxmachine wrote:Any reason why you decided to go with UR full time?


I figured it wasn't worth it for me to pay an annual fee for MR points when you can get UR points for no annual fee (2 UR points per $1 on dining/travel booked through UR too) Call me cheap haha

I have roadside assistance through auto insurance, never really go to concerts, and Amex gold doesn't have a concierge, now Visa Signature can help out if I need that service. Not to mention you can understand Chase's CSRs every...single...time you call :)

Charge cards may be worth it for some, but not for me. You have to look at where you're at and see if it makes sense or not. People on Internet forums can say "the Amex platinum card is the BEST card", but it may not be the RIGHT card for some. Sorry for my little rant there, guess I had a member99 moment haha
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)

MemberSince99
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Postby MemberSince99 » Tue Mar 11, 2014 10:46 am

I resemble that remark.

linuxmachine
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Postby linuxmachine » Tue Mar 11, 2014 2:10 pm

Moneytalks wrote:I figured it wasn't worth it for me to pay an annual fee for MR points when you can get UR points for no annual fee (2 UR points per $1 on dining/travel booked through UR too) Call me cheap haha


I'm pretty much in the same boat. The only 2 annual fee cards I plan on keeping around is the Citi Reserve and BCP. I'm almost sure I will drop the charge card for either variety of the Everyday card... at this point, even the Preferred version is almost half off my charge card fees. I might also just downgrade the CSP while I'm at it. Used up all my points and now I'm back to hoarding mode. Will take a year or two to get it back to redemption status, and then maybe I'll PC back up or just reapply if there's a good promo.

In any case... we'll see in April!



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