My Next Card

For just about anything you want to get off your chest about credit cards.
20 posts
darkguy2
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Location: United States

Postby darkguy2 » Fri Apr 17, 2015 1:01 pm

Really Amex has lost my interest. Their rewards do not do much for me when compared to my other cards and now that they got rid of backdating I really don't see any reason to get another card from them. Another thing to note is that the service my University uses does not take Visa. It will take the other three however. I was looking at the double cash from Citi. That 2% looks rather nice since they will charge me 2% to use a credit card. That way I come out even and have 15 months 0%. It also gives me a card to use when the spending is not covered under one of my other cards.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)


daniel2304
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Location: Dallas

Postby daniel2304 » Fri Apr 17, 2015 2:24 pm

takeshi wrote:If you have the room on your Discover then see if they'll grant you a 0% offer if that's all you want. I requested an APR reduction and they offered a permanent APR reduction or another 0% offer.


Really takeshi? Discover does that? :cool:

@darkguy2: Double Cash is a wise choice. Here you go!
All my posts are my opinions. All my posts mentioned "you" are merely for discussion-purpose only. No advice is given in any post at any time. It is also impossible for me to put effort to verify every statement that anyone has given.

darkguy2
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Postby darkguy2 » Fri Apr 17, 2015 4:16 pm

Well I pulled the trigger. You can see the results in my sig. I kinda wished the limit was higher as it is now my second lowest limit.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

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Vattené
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Postby Vattené » Sat Apr 18, 2015 9:26 am

At least you met your biggest priority of getting a 0% introductory APR. Will it at least be enough to cover your costs?

I think the Double Cash was also a wise choice since you have a lot of spending already optimized for rewards. A simple cash back card will make redemption easier than some point system, particularly with little spending going into it. 2% back will also make it a good card for non-categorized spending, if that's something for which you want to use it.

I guess a congrats +1 is in order.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
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

darkguy2
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Postby darkguy2 » Sat Apr 18, 2015 9:48 am

The reason I decided to get it was for the 2% back on everything. I thought about getting one of those cards with a big bonus, but so far each of my cards have had a very specific use. I have just about everything covered except for general spending. I do not want to get a new credit card that I will use for the bonus then nothing else. I can always go for it later in my life when it may be more worthwhile.

Now I will make at least 2% back on everything. The fee for using a CC for tuition is 2% like I said so it come out to be even with the added benefit of not having to take a loan out from my credit union I hate.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

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lobbythis
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Postby lobbythis » Sat Apr 18, 2015 7:01 pm

Wasn't it talked about before a few weeks ago on how you only get 1% if you always PIF? Be careful of that.

Since a lot of us here PIF, it makes this card a lot less appealing. I wanted it as well until this was brought up.

darkguy2
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Location: United States

Postby darkguy2 » Sat Apr 18, 2015 7:11 pm

According to the website:

"Earn an additional 1% cash back as you pay for those purchases in full or over time"
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

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CarefulBuilder14
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Postby CarefulBuilder14 » Sun Apr 19, 2015 10:02 am

lobbythis wrote:Wasn't it talked about before a few weeks ago on how you only get 1% if you always PIF? Be careful of that.

Since a lot of us here PIF, it makes this card a lot less appealing. I wanted it as well until this was brought up.


I don't think it's a question of PIF. What I've heard is that it's a question of paying off some current-cycle purchases before the statement cuts.
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

darkguy2
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Location: United States

Postby darkguy2 » Sun Apr 19, 2015 12:17 pm

If that is the case then it will not be a problem for me. I usually do not pay anything off in the same cycle. I just set up automatic payments and pay it off as it comes due.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

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CarefulBuilder14
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Postby CarefulBuilder14 » Sun Apr 19, 2015 12:52 pm

I'd also point out that some people on MF say they PIF current-month charges before every statement is cut, and that they get their full 2% rewards.

I don't have the card, so I have no figures to offer to support either side.

I like to make multiple payments per month - mostly as a sort of mental marker to confirm that all the recent charges are correct (and also for utilization since my Freedom does get a lot of spend for its $2k CL).
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



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