- Centurion Member
- Posts: 3960
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
Getting a statement credit is simple. With some banks you can also get a deposit into a checking account.
I personally think gift cards are too much of a hassle unless you can get them at a fair discount (at least 10%). I know you can buy gift cards on the open market for less, but I'm too worried about someone selling me a card and then electronically moving the funds to a different card (stealing my money in the process). I sometimes get Starbucks gift cards on Discover and consolidate the funds to one account.
Discover is good for gift cards - everything that I can see is at a discount. With Chase, you can get some travel deals, but cash back may be better. Chase has very few gift cards at a discount. I would never buy a gift card at face value - you can always make a purchase at that retailer on a rewards card and earn something.
The big question is really about whether you want to try to get a plane ticket somewhere through Chase - if you have enough points accrued on your Freedom.
MR points are definitely complicated and can be worth accruing en masse, but BCE has a different system.
I'd go for cash where you can get it, unless you find a gift card you like at a good discount.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May