My understanding is that you don't have to be a member to apply. From what I've read, you just leave the membership number blank when you apply. Of course, I'm a member so................... I'm old, but it beats the alternative all to hell.
Thanks for the info! I'll keep this in mind if I apply
kdm31091 wrote:If one has a freedom and discover and uses them for 5 percent dining 2 quarters of the year and a double cash the other 2 quarters, youre already averaging 3.5 percent overall for the year. Not much need for AARP.
I suppose that's true if I could count on Freedom and Discover not syncing their quarters like this year, but last year for example they did sync. I usually spend a bit over the max for one, but not nearly enough to benefit from the full value for two (LOL, thankfully. I'm not looking to raise my dining out bill that much). Still, I do like the DC and I guess just using it the other 2-3 quarters is the simpler option. I'm a bit undecided, but I rarely app so chances are I won't.
Vattené wrote:I know you've pointed this out before, but the worst part is having that card is probably encouraging them to spend more because they have a special category and card dedicated to it. They just rationalize it by thinking, "well I spend a lot on X anyway so I might as well get more rewards for it." If someone determines that for a given amount of spending the marginal increase in rewards is worth the extra time, effort, and tracking then more power to them, but in all likelihood they're spending more than they're gaining without even realizing it.
That's why I personally avoid AF cards. As you said there could certainly be an element of increased spending without realizing it, but I don't think
I spend more because I'm getting rewards (but maybe I am. That's obviously the definition of subconscious
). On the other hand, I strongly suspect I would be tempted to spend more on an AF card because I'd feel like I had to 'justify' the AF. Plus with a non-AF card if I do great with keeping my spending down, I'm just happy. Hypothetically with an AF card I feel like if I did great with keeping my spending down I'd just be kicking myself for having the card. And it would certainly demotivate me.
Vermonster wrote:I took a little break from the forum, and it wasn't great. I did enjoy not feeling like I HAD to be on checking all the time, but I also let all the finance fall to the back of my mind. YNAB made some big changes in the process so I totally dropped the ball on budgeting. I was also a day late on my Amex payment because I kept saying I would check it "tomorrow." I got nailed with a $27 fee, but I did not lose my 0% promo period, or have my standard APR jacked up to the penalty rate. That was a gut wrenching reality check that I walked away from unscathed.
Glad you escaped without feeling the sting! I personally find that occasional close calls like that - not necessarily with finances but with anything in general - can often serve as a really useful motivator. Sort of like learning from a mistake but without actually getting hit with the punishment.
Anyway I know what you mean about the, "I'll check tomorrow" mentality. That's part of the reason I really like PIF-ing weekly instead of monthly. If I want to do the, "I'll check tomorrow" thing for a week...well I absolutely can since in general I pay my bills so early/often. I know that system wouldn't work for everyone though, but I really like it.
I did get a SP cli on my DC to $4.7k. It is to mostly help with util as I pay down other cards. We are still on track to have no CC debt by the end of March.
But 2 sets of tires and some regular maintenance set us back 2 weeks. Here is to tax season!
I did notice that I am still receiving the +10 points and +10% points on my Freedom. I could have sworn they were doing away with this Dec '15. Anyone else notice this? I also noticed that when I had a stolen TV refunded by Amazon, Chase didn't deduct the +10% promo points.
So I effectively netted 21% back on the TV.
Nice! How long has it been though? I feel like deducting points is the sort of thing they might really take their time with. If it's only been a month or two I wouldn't necessarily say you're out of the woods on keeping them. Eh, just my opinion though.