What cards do people have/want?

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Vattené
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Re: What cards do people have/want?

Postby Vattené » Tue Apr 26, 2016 9:05 pm

TXviking wrote:Kind of curious what cards people have, and whether you're happy with that mix or planning to make changes.

For myself:
    AmEx BlueSky
    CostCo AmEx (soon to turn into a CitiBank Visa, apparently)
    Chase Sapphire Preferred (Visa Signature)
    Chase Amazon Visa (Visa Signature)
    Discover Open Road

Considering adding a Delta SkyMiles Gold card to the list, but waiting until after a planned RV purchase. Other than that, I'd kind of like a MasterCard again someday, but haven't found any of the current offers sufficiently appealing.

Currently I'm only using the cards listed in my signature:
  • Amex ED - non-category plus the little spending I do at traditionally-coded grocery stores
  • Discover it - category spending plus non-category stuff once I've gotten to 20 swipes in my Amex billing cycle (only while I am in the double cash back year, just can't resist 2% cash)
  • Barclay SM (my wife is actually the primary account holder) - gas and Walmart/Target, as they are coded as grocery, at least the ones I use (I rarely run into the monthly caps)

That covers my spending to my satisfaction, especially since I am currently getting a base 2% cash back with Discover. Before I realized the value of credit card rewards, I used debit for everything but opened several store accounts, primarily for the one time upfront discounts. They include Express, JCP, Kohl's, and Macy's. I don't have much use for them anymore, and can't really see using them for anything (Macy's could be an exception depending on what I could get for using it). I am content keeping them aging and open until they get closed for inactivity. American Eagle and Kay's have been closed on me, but it is no real loss.

My Banana Republic Visa is one account I would like to keep open just because once in a while I will get good promotions for rewards. I also have a Walmart card that was recently "upgraded" to a MasterCard, but it is pretty usless to me, too. I originally got it exclusively as a gas card for $.05 off a gallon. They recently changed their rewards, and now it's 2% off gas, still fuel only. You also get 3% at Walmart.com (online only) and 1% elsewhere, but in my area and at current gas prices that is a nerf in my book.

Anyway, my spending is pretty well covered. I am not opposed to bonus chasing and churning, but I don't travel frequently so it just isn't as lucrative for me. Unless some great new product gets released or I get a targeted offer, there's nothing for which I definitely plan to apply. I am considering the Mercedes-Benz card from Amex. It earns MR (so rewards could supplement the ED I already have) and I like the rewards structure, but of course the biggest draw is the Mercedes benefits. I would have to be committed to getting a new Mercedes when it comes time to replace my current crappy car (and I would need to get the card long before I actually got the car). That's not a definite thing, so applying for the card is still up in the air, but it is the only thing on my radar at this point.
-Vattené
FICO-8:
EX - 805 (2/17) | TU - 787 (2/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now


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CarefulBuilder14
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Re: What cards do people have/want?

Postby CarefulBuilder14 » Tue Apr 26, 2016 9:39 pm

Vattené wrote:My Banana Republic Visa is one account I would like to keep open just because once in a while I will get good promotions for rewards. I also have a Walmart card that was recently "upgraded" to a MasterCard, but it is pretty usless to me, too. I originally got it exclusively as a gas card for $.05 off a gallon. They recently changed their rewards, and now it's 2% off gas, still fuel only. You also get 3% at Walmart.com (online only) and 1% elsewhere, but in my area and at current gas prices that is a nerf in my book.

If a purchase qualifies for free shipping (and you don't mind waiting), don't forget about Walmart.com on Discover Deals. (5+1)*2=12% cash back!
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May

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Vattené
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Re: What cards do people have/want?

Postby Vattené » Tue Apr 26, 2016 11:14 pm

Oh, I would definitely use Discover Deals if I got anything online from Walmart. I just thought I'd mention the other rewards out of fairness. Used to be the gas discount was the only one. Now the gas benefit is weaker, but there are rewards beyond it. It's still not a terrible card for a builder, but there are far better options out there.
-Vattené
FICO-8:
EX - 805 (2/17) | TU - 787 (2/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

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CarefulBuilder14
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Re: What cards do people have/want?

Postby CarefulBuilder14 » Wed Apr 27, 2016 3:30 pm

CarefulBuilder14 wrote:Wyndham is my seventh hotel loyalty program, and the only one in which I don't have points or semi-meaningful status. I don't know if I'd want to stay in most of their hotels, but the award structure does look attractive for redemptions at their nicer hotels. I could earn 2x points on all purchases and get probably 1.6 cpp. I base that on a 15k point room in NYC at a moderately busy time when a Holiday Inn might run $250 with tax. A promo (signup bonus and/or renewal points) could get me to apply. I'd be getting an effective 3.2% earn rate, but for now I have plenty of other hotel options, and a renewal bonus (15k) worth a free night anywhere is a lot more useful than 6k points I can't do much with until I spend another $4,500.

I just bought some Wyndham points for probably 40%-60% of what I can redeem them for this summer. If I like the stay(s), I can think about exactly what terms I'd settle for on the CC.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May

JonE
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Re: What cards do people have/want?

Postby JonE » Sat Apr 30, 2016 10:23 am

Vattené wrote:Oh, I would definitely use Discover Deals if I got anything online from Walmart. I just thought I'd mention the other rewards out of fairness. Used to be the gas discount was the only one. Now the gas benefit is weaker, but there are rewards beyond it. It's still not a terrible card for a builder, but there are far better options out there.


I had that card for about a year when I was building and establishing, it never grew with me and I found it was like pulling teeth to go to Walmart to use the thing, so I dumped it. Whether or not I keep the Care Credit or Amazon cards depends on which way the wind is blowing that day. :rolleyes: I may keep them for the time being to keep the CL and utilization up while establishing other cards down the road. The Chase Freedom and Discover cards say I'm done trying to reestablish, the utilization and FICO scores say otherwise, although both are better than they've ever been. I look for significant improvement in both in the next few months.

As far as wants/needs, I don't have a whole lot. An Amex for the EX scores that come with it, Citi for EQ, and a CSP and Freedom Unlimited to make it complete. Still having the debate whether or not to apply for a new FU or just PC it from my current Freedom.
Wallet: Chase Freedom, Discover IT
Chopping Block: Synchrony
Future: TBD

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Vattené
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Re: What cards do people have/want?

Postby Vattené » Sat Apr 30, 2016 2:02 pm

$150 is a pretty good introductory bonus for a non-AF card, plus if you applied you'd get to use the Freedom for 5%.
-Vattené
FICO-8:
EX - 805 (2/17) | TU - 787 (2/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

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CarefulBuilder14
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Re: What cards do people have/want?

Postby CarefulBuilder14 » Sat Apr 30, 2016 2:52 pm

If you want simplicity (earning lots of URs and not having a bunch of other reward currencies) then having both versions of Freedom seems like a good idea, especially with CSP.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May

JonE
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Re: What cards do people have/want?

Postby JonE » Fri May 06, 2016 4:59 pm

CarefulBuilder14 wrote:If you want simplicity (earning lots of URs and not having a bunch of other reward currencies) then having both versions of Freedom seems like a good idea, especially with CSP.


That's pretty much my line of thinking also. Although that means a longer time period for application. Maybe by the end of the year or early 2017.
Wallet: Chase Freedom, Discover IT
Chopping Block: Synchrony
Future: TBD



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