December 2015 Garden Club

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CarefulBuilder14
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Re: December 2015 Garden Club

Postby CarefulBuilder14 » Sun Dec 06, 2015 3:05 pm

Off to start a thread on MF about this...unless someone else is about to post a related one?

Edit: http://ficoforums.myfico.com/t5/Credit-Cards/BofA-Travel-Rewards-PH-Overrated/td-p/4361266 No replies yet...
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kdm31091
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Re: December 2015 Garden Club

Postby kdm31091 » Sun Dec 06, 2015 4:19 pm

To me its just positively stupid to dump 100k in a savings with BOA just to earn slightly more rewards. Talk about penny wise and pound foolish. But they fall for it.

Im glad carefulbuilder is starting a thread about it!

CardAttack
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Re: December 2015 Garden Club

Postby CardAttack » Sun Dec 06, 2015 4:44 pm

I have the Travels Reward card because I wanted a no AF card with no FTF. Plus, as a BofA customer, I get 1.65% which is better than many CB cards. Yes, it's really a restricted CB card, but I spend enough on travel to make it worthwhile.

And when I want to use my BofA Cash deals, it actually gives me slightly more CB than the Cash Rewards card at 1.1%.
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kdm31091
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Re: December 2015 Garden Club

Postby kdm31091 » Sun Dec 06, 2015 5:41 pm

I find the constant hyping of "PH makes travel rewards one of the best cash back cards" a bit odd since technically the travel rewards is not even cash back. Yes, it's cash back IF you redeem for travel purchases but to me that's more of a restricted points system vs unequivocally calling it a "cash back card". To each their own though.

For no AF and no FTF, I don't know why Quicksilver is always ignored. Same base 1.5% return, and no hassles with redemption.

Now, if you travel enough, may not be a concern...but to call it cash back is a bit of an overstatement IMO. It's cash back under certain conditions only. A few of the "regulars" on MF are notorious for spewing "best cash back card" without really elaborating that it's not just straight cash. Of course someone in Carefulbuilder's thread is already rambling about "pure cash back" and sorry but points you can only redeem for travel are not exactly pure cash!

kdm31091
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Re: December 2015 Garden Club

Postby kdm31091 » Mon Dec 07, 2015 11:31 am

Looks like Capital One took AA on someone. Maybe now the constant "capital one never takes AA" memes will stop.

Nixon
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Re: December 2015 Garden Club

Postby Nixon » Mon Dec 07, 2015 11:39 am

kdm31091 wrote:Looks like Capital One took AA on someone. Maybe now the constant "capital one never takes AA" memes will stop.


Maybe.
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Vermonster
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Re: December 2015 Garden Club

Postby Vermonster » Mon Dec 07, 2015 11:54 am

kdm31091 wrote:I find the constant hyping of "PH makes travel rewards one of the best cash back cards" a bit odd since technically the travel rewards is not even cash back. Yes, it's cash back IF you redeem for travel purchases but to me that's more of a restricted points system vs unequivocally calling it a "cash back card". To each their own though.

For no AF and no FTF, I don't know why Quicksilver is always ignored. Same base 1.5% return, and no hassles with redemption.

Now, if you travel enough, may not be a concern...but to call it cash back is a bit of an overstatement IMO. It's cash back under certain conditions only. A few of the "regulars" on MF are notorious for spewing "best cash back card" without really elaborating that it's not just straight cash. Of course someone in Carefulbuilder's thread is already rambling about "pure cash back" and sorry but points you can only redeem for travel are not exactly pure cash!


I think the problem has been the muddying of the waters by banks. It used to be that points=/=cash. Now, you have some cards that can turn points into cash, and others that earn points, but display a cash value. Then you have travel cards that can link to Amazon to make purchases. It is all a very confusing system for those that don't bother to pay attention :P
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kdm31091
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Re: December 2015 Garden Club

Postby kdm31091 » Mon Dec 07, 2015 11:59 am

Vermonster wrote:
kdm31091 wrote:I find the constant hyping of "PH makes travel rewards one of the best cash back cards" a bit odd since technically the travel rewards is not even cash back. Yes, it's cash back IF you redeem for travel purchases but to me that's more of a restricted points system vs unequivocally calling it a "cash back card". To each their own though.

For no AF and no FTF, I don't know why Quicksilver is always ignored. Same base 1.5% return, and no hassles with redemption.

Now, if you travel enough, may not be a concern...but to call it cash back is a bit of an overstatement IMO. It's cash back under certain conditions only. A few of the "regulars" on MF are notorious for spewing "best cash back card" without really elaborating that it's not just straight cash. Of course someone in Carefulbuilder's thread is already rambling about "pure cash back" and sorry but points you can only redeem for travel are not exactly pure cash!


I think the problem has been the muddying of the waters by banks. It used to be that points=/=cash. Now, you have some cards that can turn points into cash, and others that earn points, but display a cash value. Then you have travel cards that can link to Amazon to make purchases. It is all a very confusing system for those that don't bother to pay attention :P


Exactly - and some point systems do not convert to cash at a reasonable value (thank you points from citi for example). With some point systems it's better to take gift cards vs the cash if you want the full value. It is definitely muddy, but I'm sure banks love point systems because they can devalue them at will without having to be as transparent as they are with cash back.

yfan
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Re: December 2015 Garden Club

Postby yfan » Mon Dec 07, 2015 5:24 pm

kdm31091 wrote:For no AF and no FTF, I don't know why Quicksilver is always ignored. Same base 1.5% return, and no hassles with redemption.

Because talking about the QS doesn't make you sound like you got a cool hundred grand laying around to throw into whatever you want. :money:

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CarefulBuilder14
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Re: December 2015 Garden Club

Postby CarefulBuilder14 » Tue Dec 08, 2015 9:44 am

As far as the Cap One adverse action, it sounds like regular cash advances (with the fees somehow waived, though I don't know about interest) were the cause.

I got an email Chase Marriott offer for 70k+10k for AU add, waived first-year AF, $3k spend. I have two months to decide if I want to go for it. Not as good as offers once were, but maybe it's best to get some bonus before the terms get worse. I'd probably drop the card after a year or two.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when



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