December 2015 Garden Club

For just about anything you want to get off your chest about credit cards.
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CarefulBuilder14
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Re: December 2015 Garden Club

Postby CarefulBuilder14 » Wed Dec 23, 2015 7:37 pm

If I've got nothing else to do on some snowed-in day in January...

http://thepointsguy.com/2015/12/47k-ihg-points-for-60-dollars/
Last edited by CarefulBuilder14 on Wed Dec 30, 2015 11:45 pm, edited 2 times in total.
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


kdm31091
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Re: December 2015 Garden Club

Postby kdm31091 » Thu Dec 24, 2015 9:04 am

4ktvs wrote:So I called FNBO about a CLI and they claim it's always a HP unless they do a auto CLI.

I don't think they like me much based on how I was treated over the phone.


I would not under any circumstances waste the HP right now. You just got the card. It's highly unlikely a CLI will happen. I know low limits suck but the best thing to do is just wait 6 months, get some account history under your belt with them, and then call and hope for a SP. They can't/won't tell you that you aren't allowed to ask for a CLI, so they will let you burn as many HPs as you want. Doesn't mean it's a great idea.

As far as customer service, it's probably just that (and don't take this the wrong way please) you are a brand new customer already calling and asking for things. Some employees will just find that annoying and possibly be rude to you. I'm not saying it's right -- just saying you don't have much ground to stand on with asking for a CLI at the moment.

JonE
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Re: December 2015 Garden Club

Postby JonE » Thu Dec 24, 2015 11:23 pm

With EDP, I'll have to see if I can consistently make the 30 swipe threshold enough to make the AF worthwhile. If not I can just PC to the Non-AF version and move spending to another card. I'll probably do one of two things with Chase, either get the CSP and move my Freedom limit to that, or just skip the CSP and go with the Freedom, Discover and EDP as well as Amazon.

The first scenario, being more likely since having Freedom and Discover IT would be kinda redundant, and it would be nice to have a travel card for the traveling I will do, maybe twice a year. And 4 cards sounds better than 5. 1 less bill to pay or have to monitor for fraud, plus I'd have some pretty good cards.
Current Cards: Chase Freedom, Discover IT
Future: TBD

Nixon
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Re: December 2015 Garden Club

Postby Nixon » Fri Dec 25, 2015 12:33 am

I am currently working on my BA 100k bonus. Effectively earning 54% on the first $2K, 8.25% on the next 8K, and 7% on the next $10K using the standard 2cpp valuation.
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CarefulBuilder14
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Re: December 2015 Garden Club

Postby CarefulBuilder14 » Fri Dec 25, 2015 11:51 am

JonE wrote:With EDP, I'll have to see if I can consistently make the 30 swipe threshold enough to make the AF worthwhile. If not I can just PC to the Non-AF version and move spending to another card. I'll probably do one of two things with Chase, either get the CSP and move my Freedom limit to that, or just skip the CSP and go with the Freedom, Discover and EDP as well as Amazon.

The first scenario, being more likely since having Freedom and Discover IT would be kinda redundant, and it would be nice to have a travel card for the traveling I will do, maybe twice a year. And 4 cards sounds better than 5. 1 less bill to pay or have to monitor for fraud, plus I'd have some pretty good cards.

If you expect your 2016 spending to look approximately like your 2015 spending, just go over your 2015 statements and see what you'd put on an EDP (in terms of the number of transactions, dollars spent, and bonus categories).

And as I've said before, if you get a CSP, I would think carefully before closing Freedom. As someone with four Chase cards, I can tell you that I can efficiently review spending, set up activity alerts, check for anything suspicious, and make payments on all four from the same website.
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

kdm31091
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Re: December 2015 Garden Club

Postby kdm31091 » Fri Dec 25, 2015 1:34 pm

As much as everyone knows I think Discover is a superior card to Freedom, if you do intend to utilize a CSP, there's not too much point in closing the Freedom. You're still logging into Chase's website either way, so it's not like you have to do much extra to just maintain the Freedom. You can then share the points with CSP. In ordinary circumstances, I'd say yes, Freedom and Discover are redundant together for many people. But with actually planning to use a CSP and already have a Freedom...might want to think more carefully on closing it. I understand the desire for few total accounts though.

Side note: Merry Christmas everyone! My Credit Karma updates on Fridays. It's nice to see my AAOA steadily rising, even if it's just their estimate of an AAOA and not a "real" AAOA. Gardening is paying off. I want to make it until at least April/May, but probably longer unless something really great comes along.

JonE
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Re: December 2015 Garden Club

Postby JonE » Sun Dec 27, 2015 10:56 am

CarefulBuilder14 wrote:
JonE wrote:With EDP, I'll have to see if I can consistently make the 30 swipe threshold enough to make the AF worthwhile. If not I can just PC to the Non-AF version and move spending to another card. I'll probably do one of two things with Chase, either get the CSP and move my Freedom limit to that, or just skip the CSP and go with the Freedom, Discover and EDP as well as Amazon.

The first scenario, being more likely since having Freedom and Discover IT would be kinda redundant, and it would be nice to have a travel card for the traveling I will do, maybe twice a year. And 4 cards sounds better than 5. 1 less bill to pay or have to monitor for fraud, plus I'd have some pretty good cards.

If you expect your 2016 spending to look approximately like your 2015 spending, just go over your 2015 statements and see what you'd put on an EDP (in terms of the number of transactions, dollars spent, and bonus categories).

And as I've said before, if you get a CSP, I would think carefully before closing Freedom. As someone with four Chase cards, I can tell you that I can efficiently review spending, set up activity alerts, check for anything suspicious, and make payments on all four from the same website.


All true, just that the categories in the last quarter were a major disappointment. And narrowing it down to one 5% category card, one travel card and one general spending card with one useful store card is the ultimate goal. We'll see. I could probably add an emergency card to the list, and make that the Freedom. I'll worry more about it when I get these cards of course.
Current Cards: Chase Freedom, Discover IT
Future: TBD

Godfery267
 
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Re: December 2015 Garden Club

Postby Godfery267 » Sun Dec 27, 2015 8:45 pm

I am currently saving mine to make sure it doubles.

kdm31091
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Re: December 2015 Garden Club

Postby kdm31091 » Mon Dec 28, 2015 7:23 am

I must admit I didn't get all too terribly much use out of Discover this quarter. Nothing they did wrong -- they had decent categories. But my family did a secret santa type thing for Christmas, so I didn't have many gifts to buy. Had no need to use amazon. I really don't go to department stores too often, nor clothing. Only when I need something. So Discover hasn't gotten too much usage, other than some random spend. The gas quarter will be no better as I fill up maybe twice a month. Oh well, they've been good to me, so I try and at least give them a few swipes a month anyway.

Over at myfico, the latest "shaking my head" moment is the number of people who feel they need to ask the forum for "permission" to get rid of cards (at which point, 98% of the time, the forum talks them into keeping the cards). I don't get it. It's your cards, your life. You know better than anyone else if they work for your spend. Who cares how popular they are? If they don't work, get rid of them. The agonizing over closing accounts is a little puzzling. It's like you are taking away their firstborn if you suggest that you want to close some popular cards.

JonE
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Re: December 2015 Garden Club

Postby JonE » Mon Dec 28, 2015 1:08 pm

On a personal finance note, I did open a savings account (and will follow suit with Checking) with Ally Financial, whose rates I like a lot better than Chase. And with the big banks essentially saying there will be no benefit for consumers rates-wise with the prime rate increase, I see no reason to keep my accounts there. The credit cards obviously aren't going anywhere.
Current Cards: Chase Freedom, Discover IT
Future: TBD



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