October 2015 Garden Club

For just about anything you want to get off your chest about credit cards.
79 posts
JonE
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Re: October 2015 Garden Club

Postby JonE » Sat Oct 24, 2015 11:26 pm

I think CSP would be the lone travel card I would need since I don't do a lot in the first place, and don't really have a favored hotel chain or airline. That combined with the Freedom and the ability to transfer UR points would make the Freedom worth keeping despite the categories this quarter (Diapers.com?)

Not by choice, but the Freedom is getting the majority of spending, since it's the only bank card I own (that'll change once the EDP is obtainable).
Current Cards: Chase Freedom, Discover IT
Future: TBD


Tubpbs
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Re: October 2015 Garden Club

Postby Tubpbs » Sun Oct 25, 2015 9:54 am

CarefulBuilder14 wrote:
Tubpbs wrote:What is the intended use for the Hyatt account? Just for the sign up bonus? Do you have Hyatts in a place you regularly go away or anything? I always find the Ritz card so tempting but I just don't see how I'll use it for much other than its direct perks with all the other cards I have (and I'm thinking of PCing the Gold to Platinum - and, yes, I am aware that the Gold card is considered useless on this forum, but with my spending / card line up I would need to spend a significant amount of money on the PRG just on airfare for it to be worth it and it's money that simply would not be spent).

Curious about the Hyatt card though. Thanks.

One nice thing about Hyatt is that I can get a good value for the points at both mid-tier properties like Hyatt Place, as well as at premium properties.

If you actually stay at full-service Marriott and R-C properties, why not just get the Ritz card and drop the Amex charge card altogether? The cent-per-point value isn't that great, but regular use of status and the upgrade certificates can be worth a lot. The problem I've faced has been that my stays have mostly been at limited-service (but high-category) properties where status wouldn't get me much, anyway, but award nights cost a lot of points.

Ritz has the $300 airfare credit (though I hear it's a nuisance to get). PRG's annual fee is only $35 more but gives a $100 airfare credit. If you fly often enough to need a Platinum's perks, then a $100 airfare credit should surely be worth $35. Or do you just want it for dining access/concierge service/SPG Gold/impressing people?

I'm really puzzled as to why you want Platinum.



For whatever reason I keep ignoring / forgetting about the $100 airline credit with the PRG (possibly because of the single airline restriction and that it is on incidentals and not actual airfare) but do not ignore the $200 airline credit on the Platinum, which I know has the same restrictions / rules.

That being said, I suppose your confusion as to why I would want the Platinum is valid. The reason underneath it is related to unusual reward earnings I have through my business. I will ultimately be earning between 400K and 600K MRs a year and between 300K and 500K URs a year as well. This is a recent development associated with the new business cards I just signed up for. My thinking was since I'm going to be receiving a tremendous value from those points for nothing basically (points that would mostly be used for travel and leisure), it would be nice to upgrade to the Platinum (and lose the little extra bit of reward I might currently get from Gold (or PRG for that matter) over Platinum and pay the higher annual fee for travel perks. I do not frequent the same vacation spots, I do not really have a regular hotel chain currently, I am developing airline preferences now, but nothing that would make a specific branded card useful. With the Prestige, I have gotten into a bunch of Admiral's lounges recently and it really makes the time spent in the airport a lot less distasteful for me and borderline pleasant... So for a relatively small increase in annual fee (compared to the value of points I will be getting for business spending that would be happening anyway) the large set of travel perks (lounges included) appeal to me. Five years ago, I would not have cared about any of this, but as I'm getting a little bit older (also just got engaged - all perks will mostly apply to / benefit my fiancé as well) the value I derive from these perks matter more and more and I'm looking at it as free of charge, which I think is fairly reasonable.

What do you think? I'm curious for your take with the above info. I know how you feel about certain card acquisitions for vanity purposes, though I personally do not think that's what this is, but, overall, you seem to have a good system for weighting the reasonability of a card for a given circumstance.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

Nixon
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Re: October 2015 Garden Club

Postby Nixon » Sun Oct 25, 2015 10:46 am

Tubpbs wrote:
CarefulBuilder14 wrote:
Tubpbs wrote:What is the intended use for the Hyatt account? Just for the sign up bonus? Do you have Hyatts in a place you regularly go away or anything? I always find the Ritz card so tempting but I just don't see how I'll use it for much other than its direct perks with all the other cards I have (and I'm thinking of PCing the Gold to Platinum - and, yes, I am aware that the Gold card is considered useless on this forum, but with my spending / card line up I would need to spend a significant amount of money on the PRG just on airfare for it to be worth it and it's money that simply would not be spent).

Curious about the Hyatt card though. Thanks.

One nice thing about Hyatt is that I can get a good value for the points at both mid-tier properties like Hyatt Place, as well as at premium properties.

If you actually stay at full-service Marriott and R-C properties, why not just get the Ritz card and drop the Amex charge card altogether? The cent-per-point value isn't that great, but regular use of status and the upgrade certificates can be worth a lot. The problem I've faced has been that my stays have mostly been at limited-service (but high-category) properties where status wouldn't get me much, anyway, but award nights cost a lot of points.

Ritz has the $300 airfare credit (though I hear it's a nuisance to get). PRG's annual fee is only $35 more but gives a $100 airfare credit. If you fly often enough to need a Platinum's perks, then a $100 airfare credit should surely be worth $35. Or do you just want it for dining access/concierge service/SPG Gold/impressing people?

I'm really puzzled as to why you want Platinum.



For whatever reason I keep ignoring / forgetting about the $100 airline credit with the PRG (possibly because of the single airline restriction and that it is on incidentals and not actual airfare) but do not ignore the $200 airline credit on the Platinum, which I know has the same restrictions / rules.

That being said, I suppose your confusion as to why I would want the Platinum is valid. The reason underneath it is related to unusual reward earnings I have through my business. I will ultimately be earning between 400K and 600K MRs a year and between 300K and 500K URs a year as well. This is a recent development associated with the new business cards I just signed up for. My thinking was since I'm going to be receiving a tremendous value from those points for nothing basically (points that would mostly be used for travel and leisure), it would be nice to upgrade to the Platinum (and lose the little extra bit of reward I might currently get from Gold (or PRG for that matter) over Platinum and pay the higher annual fee for travel perks. I do not frequent the same vacation spots, I do not really have a regular hotel chain currently, I am developing airline preferences now, but nothing that would make a specific branded card useful. With the Prestige, I have gotten into a bunch of Admiral's lounges recently and it really makes the time spent in the airport a lot less distasteful for me and borderline pleasant... So for a relatively small increase in annual fee (compared to the value of points I will be getting for business spending that would be happening anyway) the large set of travel perks (lounges included) appeal to me. Five years ago, I would not have cared about any of this, but as I'm getting a little bit older (also just got engaged - all perks will mostly apply to / benefit my fiancé as well) the value I derive from these perks matter more and more and I'm looking at it as free of charge, which I think is fairly reasonable.

What do you think? I'm curious for your take with the above info. I know how you feel about certain card acquisitions for vanity purposes, though I personally do not think that's what this is, but, overall, you seem to have a good system for weighting the reasonability of a card for a given circumstance.


Pretty much agreed on all points. At $350/yr (+AU) the Prestige ends up paying for itself in benefits.
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Tubpbs
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Re: October 2015 Garden Club

Postby Tubpbs » Sun Oct 25, 2015 2:36 pm

One nice thing about Hyatt is that I can get a good value for the points at both mid-tier properties like Hyatt Place, as well as at premium properties.

If you actually stay at full-service Marriott and R-C properties, why not just get the Ritz card and drop the Amex charge card altogether? The cent-per-point value isn't that great, but regular use of status and the upgrade certificates can be worth a lot. The problem I've faced has been that my stays have mostly been at limited-service (but high-category) properties where status wouldn't get me much, anyway, but award nights cost a lot of points.

Ritz has the $300 airfare credit (though I hear it's a nuisance to get). PRG's annual fee is only $35 more but gives a $100 airfare credit. If you fly often enough to need a Platinum's perks, then a $100 airfare credit should surely be worth $35. Or do you just want it for dining access/concierge service/SPG Gold/impressing people?

I'm really puzzled as to why you want Platinum.[/quote]


For whatever reason I keep ignoring / forgetting about the $100 airline credit with the PRG (possibly because of the single airline restriction and that it is on incidentals and not actual airfare) but do not ignore the $200 airline credit on the Platinum, which I know has the same restrictions / rules.

That being said, I suppose your confusion as to why I would want the Platinum is valid. The reason underneath it is related to unusual reward earnings I have through my business. I will ultimately be earning between 400K and 600K MRs a year and between 300K and 500K URs a year as well. This is a recent development associated with the new business cards I just signed up for. My thinking was since I'm going to be receiving a tremendous value from those points for nothing basically (points that would mostly be used for travel and leisure), it would be nice to upgrade to the Platinum (and lose the little extra bit of reward I might currently get from Gold (or PRG for that matter) over Platinum and pay the higher annual fee for travel perks. I do not frequent the same vacation spots, I do not really have a regular hotel chain currently, I am developing airline preferences now, but nothing that would make a specific branded card useful. With the Prestige, I have gotten into a bunch of Admiral's lounges recently and it really makes the time spent in the airport a lot less distasteful for me and borderline pleasant... So for a relatively small increase in annual fee (compared to the value of points I will be getting for business spending that would be happening anyway) the large set of travel perks (lounges included) appeal to me. Five years ago, I would not have cared about any of this, but as I'm getting a little bit older (also just got engaged - all perks will mostly apply to / benefit my fiancé as well) the value I derive from these perks matter more and more and I'm looking at it as free of charge, which I think is fairly reasonable.

What do you think? I'm curious for your take with the above info. I know how you feel about certain card acquisitions for vanity purposes, though I personally do not think that's what this is, but, overall, you seem to have a good system for weighting the reasonability of a card for a given circumstance.[/quote]

Pretty much agreed on all points. At $350/yr (+AU) the Prestige ends up paying for itself in benefits.[/quote]

________________________________________________________
It is also unlikely that I will be "buying" very many airline tickets, if any, now that I have considerable and constant URs and MRs. They will probably grow at a rate faster than I can use even if I'm sloppy about it.
And I get 3X TY points with Prestige or 2X MR with Gold or 2X UR with CSP (which is sort of where my position that the PRG doesn't change the value of my Gold that much (and I have BCP for groceries + gas) and the fact that I probably will be using points for all airline purchases going forward). I also think part of the reason I ignored the $100 airline credit from PRG is because my mind was focused on if I think the Platinum is worth it. I'd agree that if I don't upgrade the Gold to Platinum that I should at least upgrade it to PRG

Does everyone understand my rationale behind excusing myself from paying the $450 (potentially less $200 airline credit) for the Platinum and considering it paid for out of the points I will be redeeming and earning very regularly (and Platinum redeems 1.25X depending on if you redeem that way or not)? Would you share my rationale if you were in my shoes? Interested in everyone's thoughts.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

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CarefulBuilder14
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Re: October 2015 Garden Club

Postby CarefulBuilder14 » Sun Oct 25, 2015 4:25 pm

JonE,
What do you plan to do with URs, if you're set on CSP? When you say Freedom is "worth keeping", that seems to understate how valuable UR points can be.

I don't think of Freedom as a 5% cash card. I think of it as a 10%+ travel card. You don't have to earn 10% on much to get good value from the Freedom/CSP combo.

The UR system doesn't give a lot of points. The value is in getting a great value per point.
.....
Tubpbs,
If you want to go to airport lounges a lot, it may be worth getting Platinum in addition to your 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

Vermonster
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Re: October 2015 Garden Club

Postby Vermonster » Sun Oct 25, 2015 4:33 pm

Just logged into Chase to do some payments and saw we were granted a CLI to $9k on our Freedom. That means in the last 6 month we went from a single Freedom with a $2,700 limit to a CSP and Freedom with combined $15.5 limit. And to think, we had to take HPs and recon both the initial Freedom CLI and the CSP.

For once my wife is excited about credit!
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

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CarefulBuilder14
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Re: October 2015 Garden Club

Postby CarefulBuilder14 » Sun Oct 25, 2015 4:39 pm

Vermonster wrote:Just logged into Chase to do some payments and saw we were granted a CLI to $9k on our Freedom. That means in the last 6 month we went from a single Freedom with a $2,700 limit to a CSP and Freedom with combined $15.5 limit. And to think, we had to take HPs and recon both the initial Freedom CLI and the CSP.

For once my wife is excited about credit!

Good!

I wonder if the higher Amex CL played a big role.
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

Whatamuji
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Re: October 2015 Garden Club

Postby Whatamuji » Tue Oct 27, 2015 12:57 am

I've finally paid off my Amazon Store Card and now will begin to pay off my Chase Freedom. :)
Kohls: $300, Discover IT: $1.8k, Capital One Quicksilver: $2k, Amazon Store Card: $2.2k, BoA Cash Rewards: 1k, Chase Freedom: 3.2k, AMEX HHonors 3k

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CarefulBuilder14
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Re: October 2015 Garden Club

Postby CarefulBuilder14 » Tue Oct 27, 2015 12:05 pm

Got a targeted ad for checking/savings with M&T Bank. $250 for $10k in deposits over the course of Jan and Feb 2016. So that's 2.5% for 2 months, which is pretty good. The regular APY is lousy.

I would have to go into a branch to use the offer, but there's one not too far away. It might mean risking another HP on EX. I could try selective freezing.
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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Re: October 2015 Garden Club

Postby jcarte29 » Tue Oct 27, 2015 1:23 pm

Last credit app for me was in April when I got my Marriott...

Holding off the urge, Ive had a couple nice CLI and will be due for another soon on Discover (Past due CLI for AMEX but my balance is a bit high, albeit at 0 percent for another 4 or 5 months)



Quick edit: To ask for a CLI on my Marriott (it has been 6 months afterall) sadly would go down as a HP, if it's same policy as the CSP. Discover maybe a SP? Anyone have experience one way or the other?
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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