"Canceled by Creditor"

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BYTech
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Re: "Canceled by Creditor"

Postby BYTech » Sun May 08, 2016 1:00 am

CarefulBuilder14 wrote:What made you go for Premier?


It will be my backup card when Amex is not accepted and more advantageous situations listed below:
1) Utilities: I have about $400-$500 worth of bills a month that do not accept Amex
2) 3x travel: fill the travel categories gaps that are not cover by my PRG. I drive 50% and take the train 50% to get work so it is nice to get 3x tolls, train passes, parking meters, uber/lyft and gas
3) 2x entertianment: All my media content is streaming, Hulu, Netflix, Sling TV, HBO now and NFL Sunday Ticket (streaming version, no Directtv)
4) MR = TY (in my situation): I only plan on using my MR points to transfer to airline partners and you have the same feature with TY points. However, the partners list is not as large as Amex's but you enough partners to covers the 3 largest alliances so there is a lot of overlap between MR and TY.

I noticed you closed your PRG - was it because you have CSP and Amex Platinum? I was thinking if I really need my PRG (3x direct airfare) and Mercedes revolver (3x gas) because the Citi Premier matches the highest categories for both cards except that the TY Premier does not have groceries bonus but I have the Amex Everyday to cover that.

I love the PRG because it is so versatile, it has solid perks and solid earning potential across most categories so it would be hard to let it go. Also, I would still prefer most of my points to be in MR currency but I'll just have to reassess my situation once the annual fee gets closer. Any thoughts?

TBH I could get high earning potential for my largest spending categories with the TY Premier and upgrading my Everyday to Everyday Preferred (I already have the Platinum for all the benefits and travel perks). I just have to get a feel for Citi's customer service because so far dealing with Amex's customer service has been a great experience.
Cards:
Amex: Platinum Mercedes (5/16), PRG (4/16), Gold (4/16, will close), Mercedes Revolver (4/16), ED (4/16), SPG (5/16), Business Gold (5/16), Business Green (6/16), Business Platinum Delta (6/16), Corporate Green (6/16)
BofA: Cash Rewards (6/07)
Citi: Prestige (5/16), TY Premier (5/16)


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CarefulBuilder14
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Re: "Canceled by Creditor"

Postby CarefulBuilder14 » Sun May 08, 2016 10:54 am

BYTech wrote:
CarefulBuilder14 wrote:What made you go for Premier?


It will be my backup card when Amex is not accepted and more advantageous situations listed below:
1) Utilities: I have about $400-$500 worth of bills a month that do not accept Amex
2) 3x travel: fill the travel categories gaps that are not cover by my PRG. I drive 50% and take the train 50% to get work so it is nice to get 3x tolls, train passes, parking meters, uber/lyft and gas
3) 2x entertianment: All my media content is streaming, Hulu, Netflix, Sling TV, HBO now and NFL Sunday Ticket (streaming version, no Directtv)
4) MR = TY (in my situation): I only plan on using my MR points to transfer to airline partners and you have the same feature with TY points. However, the partners list is not as large as Amex's but you enough partners to covers the 3 largest alliances so there is a lot of overlap between MR and TY.

I noticed you closed your PRG - was it because you have CSP and Amex Platinum? I was thinking if I really need my PRG (3x direct airfare) and Mercedes revolver (3x gas) because the Citi Premier matches the highest categories for both cards except that the TY Premier does not have groceries bonus but I have the Amex Everyday to cover that.

I love the PRG because it is so versatile, it has solid perks and solid earning potential across most categories so it would be hard to let it go. Also, I would still prefer most of my points to be in MR currency but I'll just have to reassess my situation once the annual fee gets closer. Any thoughts?

TBH I could get high earning potential for my largest spending categories with the TY Premier and upgrading my Everyday to Everyday Preferred (I already have the Platinum for all the benefits and travel perks). I just have to get a feel for Citi's customer service because so far dealing with Amex's customer service has been a great experience.

Mostly my surprise is around the fact that you applied presumably without a bonus offer. I'm not sure if you got a targeted offer or something, but up until a few weeks ago the card offered 50k TY points. 3x TYs is a good earn rate, but it takes a lot of tolls and trains to make up that deficit when you could presumably get 2x plus 50k UR points with CSP. *Edit: Although, if your Amex cards have already reported, Chase might think you have too many new accounts and decline you.*

I see a lot of overlap among the cards in your signature, particularly the non-Platinum cards from Amex. For the net AFs (AFs less airline credits) you're paying (or will be paying next year) on Gold, PRG, and Citi Premier, you could have gotten a Prestige (which does still offer a bonus). You'd be without a special card for tolls and trains, but would have more in the way of perks. I'm not a fan of leasing cars, but I can see how the Amex certificates can make sense if you've decided on that.

I closed PRG because I have Platinum and CSP. Platinum for perks, CSP for most travel and dining purchases. I also have the 5% Sallie Mae for groceries and gas...and a BCE I can PC to a BCP for groceries if/when Sallie Mae cards are replaced with something less rewarding.

You won't be able to upgrade ED to EDP for a year, but I'd be surprised if you still want to do it and keep PRG and Premier.
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

BYTech
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Re: "Canceled by Creditor"

Postby BYTech » Sun May 08, 2016 12:56 pm

CarefulBuilder14 wrote:Mostly my surprise is around the fact that you applied presumably without a bonus offer. I'm not sure if you got a targeted offer or something, but up until a few weeks ago the card offered 50k TY points. 3x TYs is a good earn rate, but it takes a lot of tolls and trains to make up that deficit when you could presumably get 2x plus 50k UR points with CSP. *Edit: Although, if your Amex cards have already reported, Chase might think you have too many new accounts and decline you.*

I see a lot of overlap among the cards in your signature, particularly the non-Platinum cards from Amex. For the net AFs (AFs less airline credits) you're paying (or will be paying next year) on Gold, PRG, and Citi Premier, you could have gotten a Prestige (which does still offer a bonus). You'd be without a special card for tolls and trains, but would have more in the way of perks. I'm not a fan of leasing cars, but I can see how the Amex certificates can make sense if you've decided on that.

I closed PRG because I have Platinum and CSP. Platinum for perks, CSP for most travel and dining purchases. I also have the 5% Sallie Mae for groceries and gas...and a BCE I can PC to a BCP for groceries if/when Sallie Mae cards are replaced with something less rewarding.

You won't be able to upgrade ED to EDP for a year, but I'd be surprised if you still want to do it and keep PRG and Premier.


Hi Careful - thanks for putting everything into perspective. I guess at times when I am thinking about my strategy I get too narrowed focus and miss the bigger picture. That is why I am glad I found this forum, it has been a great place for objective insight.

I did not realize TY Premier had a bonus offer a few ago which is a bummer because was not offered a target bonus that I know of (I will call CS). The Citi Prestige did cross my mind but I was not sure if it was too much to have a Prestige and a Platinum. But your comparison against my current cards makes a lot of sense and it seems there is not much overlap in terms of benefits between Prestige and Platinum so having both would be beneficial.

Do you think this would be a solid strategy - apply for the Prestige now (before they pull the 50k offer as well), close my PRG and gold, and close my TY Premier and ask to move my credit line to the Prestige?
Cards:
Amex: Platinum Mercedes (5/16), PRG (4/16), Gold (4/16, will close), Mercedes Revolver (4/16), ED (4/16), SPG (5/16), Business Gold (5/16), Business Green (6/16), Business Platinum Delta (6/16), Corporate Green (6/16)
BofA: Cash Rewards (6/07)
Citi: Prestige (5/16), TY Premier (5/16)

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Re: "Canceled by Creditor"

Postby Tubpbs » Sun May 08, 2016 1:11 pm

BYTech wrote:
CarefulBuilder14 wrote:Mostly my surprise is around the fact that you applied presumably without a bonus offer. I'm not sure if you got a targeted offer or something, but up until a few weeks ago the card offered 50k TY points. 3x TYs is a good earn rate, but it takes a lot of tolls and trains to make up that deficit when you could presumably get 2x plus 50k UR points with CSP. *Edit: Although, if your Amex cards have already reported, Chase might think you have too many new accounts and decline you.*

I see a lot of overlap among the cards in your signature, particularly the non-Platinum cards from Amex. For the net AFs (AFs less airline credits) you're paying (or will be paying next year) on Gold, PRG, and Citi Premier, you could have gotten a Prestige (which does still offer a bonus). You'd be without a special card for tolls and trains, but would have more in the way of perks. I'm not a fan of leasing cars, but I can see how the Amex certificates can make sense if you've decided on that.

I closed PRG because I have Platinum and CSP. Platinum for perks, CSP for most travel and dining purchases. I also have the 5% Sallie Mae for groceries and gas...and a BCE I can PC to a BCP for groceries if/when Sallie Mae cards are replaced with something less rewarding.

You won't be able to upgrade ED to EDP for a year, but I'd be surprised if you still want to do it and keep PRG and Premier.


Hi Careful - thanks for putting everything into perspective. I guess at times when I am thinking about my strategy I get too narrowed focus and miss the bigger picture. That is why I am glad I found this forum, it has been a great place for objective insight.

I did not realize TY Premier had a bonus offer a few ago which is a bummer because was not offered a target bonus that I know of (I will call CS). The Citi Prestige did cross my mind but I was not sure if it was too much to have a Prestige and a Platinum. But your comparison against my current cards makes a lot of sense and it seems there is not much overlap in terms of benefits between Prestige and Platinum so having both would be beneficial.

Do you think this would be a solid strategy - apply for the Prestige now (before they pull the 50k offer as well), close my PRG and gold, and close my TY Premier and ask to move my credit line to the Prestige?



No. That is rash behavior. You need to calm down with your activity. If I were you, I would wait several months before doing anything at all with anything.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

BYTech
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Re: "Canceled by Creditor"

Postby BYTech » Sun May 08, 2016 1:39 pm

Tubpbs wrote:No. That is rash behavior. You need to calm down with your activity. If I were you, I would wait several months before doing anything at all with anything.


Okay thanks - I guess it would not be wise to try an chase the 50k bonus at the moment. On the bright side the PRG, Gold and TY Premier all have AF waived for the first year so I have time to recover of the next several months.
Cards:
Amex: Platinum Mercedes (5/16), PRG (4/16), Gold (4/16, will close), Mercedes Revolver (4/16), ED (4/16), SPG (5/16), Business Gold (5/16), Business Green (6/16), Business Platinum Delta (6/16), Corporate Green (6/16)
BofA: Cash Rewards (6/07)
Citi: Prestige (5/16), TY Premier (5/16)

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Re: "Canceled by Creditor"

Postby CarefulBuilder14 » Sun May 08, 2016 1:54 pm

I definitely wouldn't app for anything in a rush. Figure out what to keep and what to cut before you add anything. That will take time and experience with the cards. I'm not sure what's best as far as when to close certain cards. You're in a tough situation, since there are no Amex charge cards without annual fees. You can't PC and SD your way out of this (like I did with EDP).

I think I've heard (which means you should do more research before relying on this) that Citi often declines applications that show very recent inquiries (within the last week or so), as well as applications from customers who have just gotten another Citi card. There's a good chance Citi would decline you if you applied for Prestige now.

Prestige and Platinum do have some overlap, but the differences are still significant. What really matters is how useful the perks are to you. SPG and Hilton Gold aren't that useful to me, but I look forward to making good use of airport lounges.

Complexity is another concern. It would be easy to get a new card for a bonus, use it, and drop it afterwards. Prestige is an ongoing perks card, though, and I'm currently at or close to my limit on the degree of complexity I want.
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

BYTech
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Re: "Canceled by Creditor"

Postby BYTech » Sun May 08, 2016 3:19 pm

CarefulBuilder14 wrote:I definitely wouldn't app for anything in a rush. Figure out what to keep and what to cut before you add anything. That will take time and experience with the cards. I'm not sure what's best as far as when to close certain cards. You're in a tough situation, since there are no Amex charge cards without annual fees. You can't PC and SD your way out of this (like I did with EDP).

I think I've heard (which means you should do more research before relying on this) that Citi often declines applications that show very recent inquiries (within the last week or so), as well as applications from customers who have just gotten another Citi card. There's a good chance Citi would decline you if you applied for Prestige now.

Prestige and Platinum do have some overlap, but the differences are still significant. What really matters is how useful the perks are to you. SPG and Hilton Gold aren't that useful to me, but I look forward to making good use of airport lounges.

Complexity is another concern. It would be easy to get a new card for a bonus, use it, and drop it afterwards. Prestige is an ongoing perks card, though, and I'm currently at or close to my limit on the degree of complexity I want.


Okay thanks for the advice - I definitely won't rush into it. But the more I look into the Presitge the more it makes sense. It was a ashame that Amex lost the admiral club so that it is a nice perk that Presitge has.
Cards:
Amex: Platinum Mercedes (5/16), PRG (4/16), Gold (4/16, will close), Mercedes Revolver (4/16), ED (4/16), SPG (5/16), Business Gold (5/16), Business Green (6/16), Business Platinum Delta (6/16), Corporate Green (6/16)
BofA: Cash Rewards (6/07)
Citi: Prestige (5/16), TY Premier (5/16)

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Re: "Canceled by Creditor"

Postby Tubpbs » Sun May 08, 2016 3:35 pm

BYTech wrote:
CarefulBuilder14 wrote:I definitely wouldn't app for anything in a rush. Figure out what to keep and what to cut before you add anything. That will take time and experience with the cards. I'm not sure what's best as far as when to close certain cards. You're in a tough situation, since there are no Amex charge cards without annual fees. You can't PC and SD your way out of this (like I did with EDP).

I think I've heard (which means you should do more research before relying on this) that Citi often declines applications that show very recent inquiries (within the last week or so), as well as applications from customers who have just gotten another Citi card. There's a good chance Citi would decline you if you applied for Prestige now.

Prestige and Platinum do have some overlap, but the differences are still significant. What really matters is how useful the perks are to you. SPG and Hilton Gold aren't that useful to me, but I look forward to making good use of airport lounges.

Complexity is another concern. It would be easy to get a new card for a bonus, use it, and drop it afterwards. Prestige is an ongoing perks card, though, and I'm currently at or close to my limit on the degree of complexity I want.


Okay thanks for the advice - I definitely won't rush into it. But the more I look into the Presitge the more it makes sense. It was a ashame that Amex lost the admiral club so that it is a nice perk that Presitge has.


There are limitations to the Admiral's Lounge FYI -
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

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Re: "Canceled by Creditor"

Postby CarefulBuilder14 » Sun May 08, 2016 3:47 pm

Tubpbs wrote:There are limitations to the Admiral's Lounge FYI -

A fee for guests? An AA or oneworld ticket? Or other restrictions?

I'm pretty sure Prestige allows guests for Priority Pass lounges, unlike Amex Platinum. That said, paying a per-use guest fee infrequently is better than getting another AF card and not using the perk much.
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

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Re: "Canceled by Creditor"

Postby Tubpbs » Sun May 08, 2016 4:22 pm

CarefulBuilder14 wrote:
Tubpbs wrote:There are limitations to the Admiral's Lounge FYI -

A fee for guests? An AA or oneworld ticket? Or other restrictions?

I'm pretty sure Prestige allows guests for Priority Pass lounges, unlike Amex Platinum. That said, paying a per-use guest fee infrequently is better than getting another AF card and not using the perk much.


I agree and I think you're correct about the Platinum Prioriry Pass vs. the Prestige. I have it through Prestige.

The Admiras club access restriction I was referring to is that you have to be flying American on that trip. I have brought in a guest each and every time I've used the lounge without any pause or issue.

I like the Prestige card quite a bit.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It



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