- Centurion Member
- Posts: 3624
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
I made a little mistake today.
I bought a $400 TV that came with a 1-year manufacturer's warranty. I bought it with my Citi AA Platinum, thinking that it was a great choice. I had a little minimum spend to meet with the card, it offered purchase protection and an extended warranty, and it offered Price Rewind. How could I go wrong?
I forgot to check whether the benefits would remain after I close the account. As far as I can understand the benefit guide, the warranty periods end as soon as I close the account. That means I'd have to keep the card until March 2018 to get the full benefit of the extended warranty (one extra year beyond the manufacturer's one-year warranty). That means potentially paying an AF in 2017 and another in 2018.
Now, I got 50k AA miles, the first year's AF waived, and I'm currently expecting about $100 in Price Rewind benefits from other purchases. I'm in a pretty good position with the card, and it wouldn't be so bad if I ended up paying an annual fee or two. Even if just kept the card for one more "AF cycle" I'd get the benefit of about 10 of the 12 months of extended warranty. I may end up flying American in 2017 and can use the free checked bags, and maybe I can get an AF waived or small retention perk. The TV gets good reviews, and I can also buy the warranty on its own. It's far from a disaster - it's more that I'm disappointed in my card selection planning.
The price I paid was already pretty low. Maybe Price Rewind can find a better deal, but I doubt it.
It just kind of threw a wrench into my plan of churning Citi cards in rotation (AA and Hilton cards). It would have been so easy to just put it on an Amex or CSP (which will remain open for the foreseeable future) and finish off my AA minimum spend another way.
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