May 2016 Garden Club/Cult

For just about anything you want to get off your chest about credit cards.
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CarefulBuilder14
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Re: May 2016 Garden Club/Cult

Postby CarefulBuilder14 » Mon May 23, 2016 2:15 pm

[email protected] wrote:
[email protected] wrote:
[email protected] wrote:Just combined my accounts on Capital one (Quicksilver $2K, into Venture $10K) giving me $12K on Venture, and doing away with one of my AF cards. They make it easy with the request combined accounts button.


Now, thinking about closing Dillards, Kingsize, & possibly Discover, even though Discover is my oldest card. Any suggestions?


Just closed Dillard's card and Kingsize Platinum store cards. Keeping Discover.

Now just take care to not replace Dillard's and Kingsize with different, new junk! :)
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card


TXviking
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Re: May 2016 Garden Club/Cult

Postby TXviking » Mon May 23, 2016 5:29 pm

Nixon wrote:
MemberSince99 wrote:I have come to believe it's better to just avoid the gimmick sign up bonus cards and focus on what you see as a long term use card.

Unless you have a short to medium term travel goal and are able to use the various currencies.

This is why I haven't signed up for ANYTHING United Airlines as they don't hub at my home airports.


Also, they suck. I had the Continental card back in the day; since United bought them, everything – routes, pricing, policies, perks, customer service or even plain common courtesy – have all gone to crap.

I finally cancelled the card last month. Got my entire annual fee refunded too, even though I was a month away from renewal. But there's more to that story.. :money:

[email protected]
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Re: May 2016 Garden Club/Cult

Postby [email protected] » Mon May 23, 2016 5:37 pm

CarefulBuilder14 wrote:[quote

Just closed Dillard's card and Kingsize Platinum store cards. Keeping Discover.

Now just take care to not replace Dillard's and Kingsize with different, new junk! :)[/quote][/quote]

No doubt! Can't think of anything I need or want for now.
Discover it $3.5K
BOA CR Visa Sig. $25K
Chase Freedom Visa $2K
Chase MRP Visa Sig. $5K
Cap 1 Vent Visa Sig. $13K
Citi HH Visa Sig. $10.1K
AMEX Plat NPSL
AMEX BCP $20K
AMEX Gold Delta SM $8K
BC AR + WEMC $3.5K
Cap 1 Spark Cash Bus Visa Sig. $4k
Chase Ink Cash Busin Visa Sig. $5K

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CarefulBuilder14
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Re: May 2016 Garden Club/Cult

Postby CarefulBuilder14 » Mon May 23, 2016 10:25 pm

[email protected] wrote:
CarefulBuilder14 wrote:
[email protected] wrote:
Just closed Dillard's card and Kingsize Platinum store cards. Keeping Discover.

Now just take care to not replace Dillard's and Kingsize with different, new junk! :)


No doubt! Can't think of anything I need or want for now.

Seriously, be careful. I've seen a lot of people go from closing low-value cards in a quest for simplicity to opening up equally bad ones in a short period of time. Maybe they feel "credit naked" or something. I don't completely get it, but it definitely happens.

Brooks Brothers kind of acts like "new account armor" by reminding me that not all cards end up being as useful as I originally expect. The mediocre cards bounce right off, and only the good cards get through. Instead of simply thinking, "this will be great with my other cards" I make myself ask, "will this really be so much better than the Brooks Brothers card?"
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

kdm31091
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Re: May 2016 Garden Club/Cult

Postby kdm31091 » Tue May 24, 2016 7:08 am

CarefulBuilder14 wrote:Seriously, be careful. I've seen a lot of people go from closing low-value cards in a quest for simplicity to opening up equally bad ones in a short period of time. Maybe they feel "credit naked" or something. I don't completely get it, but it definitely happens.


I see people over and over posting about "consolidating for simplicity" or "this card is redundant" and then opening a bunch of equally redundant cards. It's crazy.

On another note, the number of people who insist they easily max out $1500 a quarter in dining is pretty crazy too. Especially for a single person, I just cannot see spending $500 a month on dining unless you're eating a fancy places. But one person said they spend that in a WEEKEND on dining. Overspending for rewards much? People worry more about "maxing out rewards" than saving money in the first place.

Nixon
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Re: May 2016 Garden Club/Cult

Postby Nixon » Tue May 24, 2016 7:32 am

kdm31091 wrote:
CarefulBuilder14 wrote:Seriously, be careful. I've seen a lot of people go from closing low-value cards in a quest for simplicity to opening up equally bad ones in a short period of time. Maybe they feel "credit naked" or something. I don't completely get it, but it definitely happens.


I see people over and over posting about "consolidating for simplicity" or "this card is redundant" and then opening a bunch of equally redundant cards. It's crazy.

On another note, the number of people who insist they easily max out $1500 a quarter in dining is pretty crazy too. Especially for a single person, I just cannot see spending $500 a month on dining unless you're eating a fancy places. But one person said they spend that in a WEEKEND on dining. Overspending for rewards much? People worry more about "maxing out rewards" than saving money in the first place.


Dinner for two at a nice hotel restaurant in Vegas topped $300 once you ordered wine.
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kdm31091
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Re: May 2016 Garden Club/Cult

Postby kdm31091 » Tue May 24, 2016 9:11 am

Nixon wrote:
kdm31091 wrote:
CarefulBuilder14 wrote:Seriously, be careful. I've seen a lot of people go from closing low-value cards in a quest for simplicity to opening up equally bad ones in a short period of time. Maybe they feel "credit naked" or something. I don't completely get it, but it definitely happens.


I see people over and over posting about "consolidating for simplicity" or "this card is redundant" and then opening a bunch of equally redundant cards. It's crazy.

On another note, the number of people who insist they easily max out $1500 a quarter in dining is pretty crazy too. Especially for a single person, I just cannot see spending $500 a month on dining unless you're eating a fancy places. But one person said they spend that in a WEEKEND on dining. Overspending for rewards much? People worry more about "maxing out rewards" than saving money in the first place.


Dinner for two at a nice hotel restaurant in Vegas topped $300 once you ordered wine.


Right, a special occasion, but routinely spending $500 a weekend on dining and bars is a little excessive IMO, especially for one person

TXviking
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Re: May 2016 Garden Club/Cult

Postby TXviking » Tue May 24, 2016 10:26 am

$500 in a weekend sounds excessive. $500 per month doesn't. Call it $15/day average for lunch and $20/day average for dinner; that comes out to $1,050/mo. I don't spend quite that much because I do make some sandwiches at home and even try to cook once in a while, but I definitely spend more than $500/mo eating out.

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CarefulBuilder14
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Re: May 2016 Garden Club/Cult

Postby CarefulBuilder14 » Tue May 24, 2016 11:27 am

For me, dining spend varies tremendously from month to month. It can be under $100 or over $1,500 per month. $300 is pretty typical.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

[email protected]
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Re: May 2016 Garden Club/Cult

Postby [email protected] » Tue May 24, 2016 7:02 pm

[email protected] wrote:Need a refresher course on NPSL cards and credit scores/bureaus. if you have a high balance on a NPSL card, should you wait till after statement is cut showing that balance to pay, as I understand that is what they go by since it shows no CL? or does it even matter?


Can anyone advise me on this?
Discover it $3.5K
BOA CR Visa Sig. $25K
Chase Freedom Visa $2K
Chase MRP Visa Sig. $5K
Cap 1 Vent Visa Sig. $13K
Citi HH Visa Sig. $10.1K
AMEX Plat NPSL
AMEX BCP $20K
AMEX Gold Delta SM $8K
BC AR + WEMC $3.5K
Cap 1 Spark Cash Bus Visa Sig. $4k
Chase Ink Cash Busin Visa Sig. $5K



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