In search of...

For just about anything you want to get off your chest about credit cards.
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jcarte29
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Location: Charlotte, NC

In search of...

Postby jcarte29 » Tue Mar 17, 2015 7:54 pm

I want a solid B/T card. I've been tossin this idea because the only card I hold right now with a major balance (in my opinion) is my CSP (sadly that knocks Chase out of running). It's $3,500 and there's no promotion on it so I'm paying stupid interest.

I would like to find a VISA, since I only have one now. I received an offer in the mail that was tempting today, even as a MC. It was Citi and offered 21 months b/t 0 percent (and purchases). Easily the longest term I have found.

I've heard good about Discover, but only for purchase reasons and examples. I wouldn't be opposed to AMEX either, especially since my ED is my day by day spender now, except at places I have had to use something else (goes back to original point about wanting a VISA)

Thoughts? Thanks!
Portfolio:
CITI Diamond Preferred $7,000 [06-16]
AMEX Platinum (Charge) [11-16]
AMEX EDay $12,000 [11-14]
Lowes Store $15,000 [4-14]
CSP VISA $6,000 [7-14]
GM MC $9,000 [9-14]
AAdvantage Red MC $10,350 [10-14]
Discover IT $4,500 [03-15]
Chase Marriott VISA $5,000 [04-15]
Cap One Quick $2,600[4-10]


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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Mar 17, 2015 8:41 pm

jcarte29 wrote:I received an offer in the mail that was tempting today, even as a MC. It was Citi and offered 21 months b/t 0 percent (and purchases). Easily the longest term I have found.


Is that a Simplicity? A Diamond Preferred? (And out of curiosity, can anyone give me an example or two of what some of the special deals people buy with DP rewards are?) That card makes me think of a 'coupon for a coupon'* I got at the grocery store a few days ago.

I wouldn't worry too much about the particular network of a card - especially for a balance transfer card.

Slate is the best BT card available to the general public. Unless you have NFCU or PenFed membership, I'd go for a Ring. There's no 0% intro period, but no BT fee and 'only' an 8% APR.

It's painful to see someone paying interest on a CSP.

*I think the terms were 'present this coupon while buying 3 or more boxes of such-and-such cereal, and we'll give you a coupon for $5 off a future purchase over $75 or more'...
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

jcarte29
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Postby jcarte29 » Tue Mar 17, 2015 8:47 pm

CarefulBuilder14 wrote:Is that a Simplicity? A Diamond Preferred? (And out of curiosity, can anyone give me an example or two of what some of the special deals people buy with DP rewards are?) That card makes me think of a 'coupon for a coupon'* I got at the grocery store a few days ago.


It was a diamond preferred. And I am startin to think that provider doesn't matter as much, that would only tempt me to use it elsewhere.
Portfolio:
CITI Diamond Preferred $7,000 [06-16]
AMEX Platinum (Charge) [11-16]
AMEX EDay $12,000 [11-14]
Lowes Store $15,000 [4-14]
CSP VISA $6,000 [7-14]
GM MC $9,000 [9-14]
AAdvantage Red MC $10,350 [10-14]
Discover IT $4,500 [03-15]
Chase Marriott VISA $5,000 [04-15]
Cap One Quick $2,600[4-10]

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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Mar 17, 2015 9:06 pm

jcarte29 wrote:It was a diamond preferred. And I am startin to think that provider doesn't matter as much, that would only tempt me to use it elsewhere.


How long do you think you'll need to pay off the CSP? What about any smaller balances remaining on other cards?
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

jcarte29
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Postby jcarte29 » Tue Mar 17, 2015 9:09 pm

CarefulBuilder14 wrote:How long do you think you'll need to pay off the CSP? What about any smaller balances remaining on other cards?


well if I receive a CL high enough to do the whole balance I can handle the 170ish/month to pay it off in 21 months or sooner. Only other card I have currently with a balance is my American Express ED, and it's 0 percent still for another year. I'm one week away from paying off my US Airways (well ahead of its 0 percent b/t end date, in fact a year ahead)
Portfolio:
CITI Diamond Preferred $7,000 [06-16]
AMEX Platinum (Charge) [11-16]
AMEX EDay $12,000 [11-14]
Lowes Store $15,000 [4-14]
CSP VISA $6,000 [7-14]
GM MC $9,000 [9-14]
AAdvantage Red MC $10,350 [10-14]
Discover IT $4,500 [03-15]
Chase Marriott VISA $5,000 [04-15]
Cap One Quick $2,600[4-10]

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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Mar 17, 2015 11:05 pm

jcarte29 wrote:well if I receive a CL high enough to do the whole balance I can handle the 170ish/month to pay it off in 21 months or sooner. Only other card I have currently with a balance is my American Express ED, and it's 0 percent still for another year. I'm one week away from paying off my US Airways (well ahead of its 0 percent b/t end date, in fact a year ahead)


The ED or US Airways cards might have been good enough for the BT from CSP, but the accounts have been open for too long to still take advantage of that.

I can understand your point about needing to avoid the temptation to spend more. Most of the cards you've been opening have been geared towards travel, restaurants, and new cars. That can mess with your priorities. Why not carry your Quicksilver? It sounds like you need cash statement credits more than you need a brand new vehicle or travel points. Or is frequent travel with rental cars or flying US Airways necessary for your work? I don't see any reason you should be using the BuyPower card.

Go for a BT, since paying off $3500 at 15.99%, even if you can find a little extra money here and there, is going to be painful. But I'd really try to pay it off soon. If you need the 21 months (almost to 2017!) then paying a 3% fee for a 0% interest card will be better than no fee and a moderate APR.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

jcarte29
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Location: Charlotte, NC

Postby jcarte29 » Wed Mar 18, 2015 8:30 am

CarefulBuilder14 wrote:...Why not carry your Quicksilver?


The quicksilver I have is the limited one Cap One offers (not the one that has additional benefits) and I shelved it. I would close it completely because I don't care about it at all *besides* that it's my oldest card and it's important to keep it open.

[/QUOTE=CarefulBuilder14;77269] sounds like you need cash statement credits more than you need a brand new vehicle or travel points. Or is frequent travel with rental cars or flying US Airways necessary for your work? I don't see any reason you should be using the BuyPower card.[/QUOTE]

I actually work for Chevy, so while I don't need the rewards towards a new GM vehicle (I can work a better deal than the rewards would give me LOL) I have it because it's a great selling point to my customers, it's a World MC (is that similar to Signature VISA?), and it's still 0 percent for 5 more months in the event I do need to use it more (I just received a CLI on it).

[/QUOTE=CarefulBuilder14;77269]Go for a BT, since paying off $3500 at 15.99%, even if you can find a little extra money here and there, is going to be painful. But I'd really try to pay it off soon. If you need the 21 months (almost to 2017!) then paying a 3% fee for a 0% interest card will be better than no fee and a moderate APR.[/QUOTE]

Couldn't agree more with you on this point. I'm leaning towards Discover, but I would like to hear from Discover card holders to get your take. I'll take a look at the Discover thread as well.
Portfolio:
CITI Diamond Preferred $7,000 [06-16]
AMEX Platinum (Charge) [11-16]
AMEX EDay $12,000 [11-14]
Lowes Store $15,000 [4-14]
CSP VISA $6,000 [7-14]
GM MC $9,000 [9-14]
AAdvantage Red MC $10,350 [10-14]
Discover IT $4,500 [03-15]
Chase Marriott VISA $5,000 [04-15]
Cap One Quick $2,600[4-10]

takeshi
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Postby takeshi » Wed Mar 18, 2015 8:44 am

jcarte29 wrote:well if I receive a CL high enough to do the whole balance

Keep in mind that utilization on the BT card matters as well.

Speaking of which, what's your current utilization like? Approvals and limits may be tricky if your utilization is high.

jcarte29 wrote:I'm leaning towards Discover, but I would like to hear from Discover card holders to get your take. I'll take a look at the Discover thread as well.

No card is one-size-fits-all so you can't just poll others. Look at the card and see if it suits you in addition to whatever BT offer may be available. I find the Discover it useful but YMMV. Do you have specific questions not addressed by the info on the site?

If you want recommendations for other cards then tel us what you're looking for aside from the BT. Or is that all that matters?

jcarte29
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Postby jcarte29 » Wed Mar 18, 2015 9:00 am

takeshi wrote:Keep in mind that utilization on the BT card matters as well.

Speaking of which, what's your current utilization like? Approvals and limits may be tricky if your utilization is high.


No card is one-size-fits-all so you can't just poll others. Look at the card and see if it suits you in addition to whatever BT offer may be available. I find the Discover it useful but YMMV. Do you have specific questions not addressed by the info on the site?

If you want recommendations for other cards then tel us what you're looking for aside from the BT. Or is that all that matters?


Current utilization is hovering at 20 percent (3 have balances, 3 do not).

I realize I can't just poll you guys, that's not what I'm aimin for. Just creating conversation :)

Right now the B/T is the main concern, but I'm going to keep the card beyond it as well.
Portfolio:
CITI Diamond Preferred $7,000 [06-16]
AMEX Platinum (Charge) [11-16]
AMEX EDay $12,000 [11-14]
Lowes Store $15,000 [4-14]
CSP VISA $6,000 [7-14]
GM MC $9,000 [9-14]
AAdvantage Red MC $10,350 [10-14]
Discover IT $4,500 [03-15]
Chase Marriott VISA $5,000 [04-15]
Cap One Quick $2,600[4-10]

jcarte29
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Posts: 183
Joined: Fri Jan 30, 2015 1:29 pm
Location: Charlotte, NC

Postby jcarte29 » Wed Mar 18, 2015 10:22 am

quick edit: Just applied online and approved for a Discover IT. I'm very excited now I just hope I receive a CL big enough to put a chunk (if not all) of my Chase balance on there. We shall see! (This will be a good one to have in my opinion following the B/T payoff)
Portfolio:
CITI Diamond Preferred $7,000 [06-16]
AMEX Platinum (Charge) [11-16]
AMEX EDay $12,000 [11-14]
Lowes Store $15,000 [4-14]
CSP VISA $6,000 [7-14]
GM MC $9,000 [9-14]
AAdvantage Red MC $10,350 [10-14]
Discover IT $4,500 [03-15]
Chase Marriott VISA $5,000 [04-15]
Cap One Quick $2,600[4-10]



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