April 2016 Garden Club/Cult

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CarefulBuilder14
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Re: April 2016 Garden Club/Cult

Postby CarefulBuilder14 » Sun Apr 10, 2016 11:06 am

Is anyone else having a surprisingly simple month as far as only using a few cards?

I've just been using Platinum, Freedom, Discover, and Hyatt (for anything tax-deductible).

No CSP, Sallie Mae, or what used to be the EDP (now ED).
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red


Tubpbs
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Re: April 2016 Garden Club/Cult

Postby Tubpbs » Sun Apr 10, 2016 12:19 pm

CarefulBuilder14 wrote:Is anyone else having a surprisingly simple month as far as only using a few cards?

I've just been using Platinum, Freedom, Discover, and Hyatt (for anything tax-deductible).

No CSP, Sallie Mae, or what used to be the EDP (now ED).


Truthfully, I mostly use by CSP out of habit and general preference but somehow still almost all my spending on there gets 2X UR. The BCP is always used at the grocery store. I have been using the DC for the leftovers and that's mostly been it. Bought some plane tickets with the Prestige the other day (will get my $250 credit on that purchase).

I guess my answer is yes and no. I tend to keep it simple for the most part, but I also have a less diverse / niche card lineup and less complicated rewards maximization procedures to follow with my cards compared to yours in some ways.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

Tubpbs
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Re: April 2016 Garden Club/Cult

Postby Tubpbs » Sun Apr 10, 2016 12:22 pm

CarefulBuilder14 wrote:Is anyone else having a surprisingly simple month as far as only using a few cards?

I've just been using Platinum, Freedom, Discover, and Hyatt (for anything tax-deductible).

No CSP, Sallie Mae, or what used to be the EDP (now ED).


What did you say you're doing with general spend on the Hyatt? Sort of segregating it for "bussiness" like purchases or purchases for a sort of start up you have going? Am I making that up?
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: April 2016 Garden Club/Cult

Postby CarefulBuilder14 » Sun Apr 10, 2016 1:25 pm

Tubpbs wrote:
CarefulBuilder14 wrote:Is anyone else having a surprisingly simple month as far as only using a few cards?

I've just been using Platinum, Freedom, Discover, and Hyatt (for anything tax-deductible).

No CSP, Sallie Mae, or what used to be the EDP (now ED).


What did you say you're doing with general spend on the Hyatt? Sort of segregating it for "bussiness" like purchases or purchases for a sort of start up you have going? Am I making that up?

Professional licensing, education, and trade association fees, as well as charitable contributions. I don't have regular everyday reimbursable business expenses.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

kdm31091
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Re: April 2016 Garden Club/Cult

Postby kdm31091 » Mon Apr 11, 2016 9:12 pm

I really do not get the MF obsession with cobranded warehouse credit cards. The members act as if you HAVE to have a BJ's/Costco/Sam's card if you shop there (which is obviously not the case). I see a lot of people rushing in blind -- signing up for the membership for the warehouse, and immediately getting the CC the same day. To each their own, but seems a little too impulsive to me. You could start shopping there and discover myriad reasons why you don't like it -- crowds, selection, whatever -- then you're stuck with the card that isn't as useful outside of the club. Now, the cards of course give rewards elsewhere, but what if you decide you don't want to continue membership? Then you're paying an AF for the credit card, basically.

It just seems like people should try out the wholesale memberships before committing to the credit card, rather than falling into the myfico trap of "I joined Sam's so I need the CC immediately".

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Vattené
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Re: April 2016 Garden Club/Cult

Postby Vattené » Tue Apr 12, 2016 9:03 pm

kdm31091 wrote:I really do not get the MF obsession with cobranded warehouse credit cards. The members act as if you HAVE to have a BJ's/Costco/Sam's card if you shop there (which is obviously not the case). I see a lot of people rushing in blind -- signing up for the membership for the warehouse, and immediately getting the CC the same day. To each their own, but seems a little too impulsive to me. You could start shopping there and discover myriad reasons why you don't like it -- crowds, selection, whatever -- then you're stuck with the card that isn't as useful outside of the club. Now, the cards of course give rewards elsewhere, but what if you decide you don't want to continue membership? Then you're paying an AF for the credit card, basically.

It just seems like people should try out the wholesale memberships before committing to the credit card, rather than falling into the myfico trap of "I joined Sam's so I need the CC immediately".


It could come from from getting too caught up in reward returns without stopping to think how much that added card will actually benefit you in absolute terms. It sounds like the type of person that will apply for AARP when they already have a DC. 3% on restaurants? That's great for a big spend category, never mind it may only net me $25 a year in real value (not to mention the extra incentive to eat out more).

I'm not a member anywhere now (I used to have a Sam's membership when I lived in a town with one but now I don't find it's worth it to me), but even if I was I'm not sure I would get the card. The rewards may be good, but there is some inconvenience in redemption. Even if you have a membership and love it, it may not be worth getting the card when you have to redeem all rewards earned all at once, cash in exactly once per year, and use them towards warehouse purchases.

In short, surely you're not suggesting shortsightedness coming from MF!?
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
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AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

kdm31091
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Re: April 2016 Garden Club/Cult

Postby kdm31091 » Tue Apr 12, 2016 9:35 pm

Vattené wrote:
kdm31091 wrote:I really do not get the MF obsession with cobranded warehouse credit cards. The members act as if you HAVE to have a BJ's/Costco/Sam's card if you shop there (which is obviously not the case). I see a lot of people rushing in blind -- signing up for the membership for the warehouse, and immediately getting the CC the same day. To each their own, but seems a little too impulsive to me. You could start shopping there and discover myriad reasons why you don't like it -- crowds, selection, whatever -- then you're stuck with the card that isn't as useful outside of the club. Now, the cards of course give rewards elsewhere, but what if you decide you don't want to continue membership? Then you're paying an AF for the credit card, basically.

It just seems like people should try out the wholesale memberships before committing to the credit card, rather than falling into the myfico trap of "I joined Sam's so I need the CC immediately".


It could come from from getting too caught up in reward returns without stopping to think how much that added card will actually benefit you in absolute terms. It sounds like the type of person that will apply for AARP when they already have a DC. 3% on restaurants? That's great for a big spend category, never mind it may only net me $25 a year in real value (not to mention the extra incentive to eat out more).

I'm not a member anywhere now (I used to have a Sam's membership when I lived in a town with one but now I don't find it's worth it to me), but even if I was I'm not sure I would get the card. The rewards may be good, but there is some inconvenience in redemption. Even if you have a membership and love it, it may not be worth getting the card when you have to redeem all rewards earned all at once, cash in exactly once per year, and use them towards warehouse purchases.

In short, surely you're not suggesting shortsightedness coming from MF!?


It's sad because even some of the people who normally come off as more level headed fall victim to it, adding card after card after card, for 1% more on this, 0.5% more on that. Unless these people are millionaires I doubt they are realizing much actual return at the end of the year. Spend/rewards can only be diluted so much before it's basically pointless. But any small excuse to apply for something seems to suffice.

I also do not get the big buzz over blispay especially from people who literally already have a 2% card. Yes, okay, the 0% financing is nice, but how many "just in case" cards do you need? :rolleyes: The "diversity" argument only goes so far. Yes, you shouldn't put all your eggs in one basket, but most normal people do not have cards across 10 lenders and somehow get through life just fine. I think 3-4, each with a different lender, is more than enough. Otherwise, "diversity" just becomes another thinly veiled excuse for an app addiction.

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CarefulBuilder14
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Re: April 2016 Garden Club/Cult

Postby CarefulBuilder14 » Fri Apr 15, 2016 8:13 pm

Had a happy day with my Citi AA card. My 50k bonus posted and I got an $88 price rewind refund. I bought a battery from Dell and Citi found a lower price at some super-sketchy online store that mostly seems to sell clothing.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

Tubpbs
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Re: April 2016 Garden Club/Cult

Postby Tubpbs » Fri Apr 15, 2016 10:31 pm

CarefulBuilder14 wrote:Had a happy day with my Citi AA card. My 50k bonus posted and I got an $88 price rewind refund. I bought a battery from Dell and Citi found a lower price at some super-sketchy online store that mostly seems to sell clothing.


How much was the battery? That's pretty legit. I'm surprised they did that. How many time / energy will they put into that process (to the best of your knowledge)?
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: April 2016 Garden Club/Cult

Postby CarefulBuilder14 » Fri Apr 15, 2016 10:44 pm

Tubpbs wrote:
CarefulBuilder14 wrote:Had a happy day with my Citi AA card. My 50k bonus posted and I got an $88 price rewind refund. I bought a battery from Dell and Citi found a lower price at some super-sketchy online store that mostly seems to sell clothing.


How much was the battery? That's pretty legit. I'm surprised they did that. How many time / energy will they put into that process (to the best of your knowledge)?

$117 down to $29. Not sure how things work on the Citi/insurance partner end, but it was easy for me.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red



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