June 2016 Garden Club/Cult

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JonE
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Re: June 2016 Garden Club/Cult

Postby JonE » Sat Jun 04, 2016 9:45 am

CarefulBuilder14 wrote:What's with the ideas to PC to Freedom Unlimited? We're nearing the end of groceries/warehouse clubs and about to start restaurants.

How do you eat, if not through one of those three channels? :confused:


Edit: I know Sam's Club, Walmart, and Target are popular and don't code as grocery, often.


I may just apply outright, but Freedom is getting little in the way of use thanks to Discover and their Double Cash Back (mine is up in December).
Current Cards: Chase Freedom, Discover IT
Future: TBD


kdm31091
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Re: June 2016 Garden Club/Cult

Postby kdm31091 » Sat Jun 04, 2016 9:55 am

There are just so many factors with all of this stuff that I think sometimes people overlook, and it results in them ending up with a bunch of redundant cards that sit in the SD. If you already have a Double Cash, is a Blispay really worth the HP? Do you really need 3 "just in case" BT cards? If you find yourself needing BTs that often you need to look at your spending.

People on MF just seem to apply for anything that has even the slightest purpose, then their signature is loaded up with 10 or 20 cards and they talk about wanting to "simplify". If you just figure out ahead of time how necessary the account really is you can save yourself a lot of headache.

Unless you are truly very high income and spend, people need to stop trying to justify 5 different reward programs for their travel. You will get nowhere if you are spreading across cash back, UR, MR, TY, hotel points, etc, etc. IMO it's best to pick a program and stick to it. Again, higher spending can tolerate more, and sign up bonuses are a different matter. But for the long term, I think people just spread too thin a lot of the time.

MB131174
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Re: June 2016 Garden Club/Cult

Postby MB131174 » Sat Jun 04, 2016 12:46 pm

kdm31091 wrote:Unless you are truly very high income and spend, people need to stop trying to justify 5 different reward programs for their travel. You will get nowhere if you are spreading across cash back, UR, MR, TY, hotel points, etc, etc. IMO it's best to pick a program and stick to it. Again, higher spending can tolerate more, and sign up bonuses are a different matter. But for the long term, I think people just spread too thin a lot of the time.


THIS!!!! This is why after much consideration I switched back to using my Hyatt visa for everything. There never seems to be flights on the dates/routes I need... (in April my cousin and I went to Buenos Aires on my points with AA, but we had to pay for a flight to Santiago to catch a flight home as there were no affordable flights back from Buenos Aires on points. That burned all of my AA miles.) Cash back doesn't give me any sense of "satisfaction." Hyatt is my preferred hotel, so that is why I'm focusing on that. If I go somewhere and there is no Hyatt, I will just pay cash for the hotel. You can save just as much money, if not more, by using points on hotel rooms than flights. I've also found that sometimes the cash & points is a better redemption option. I will often get more value out of my points that way while at the same time not burning as many points for 1 night.

Focusing on 1 useful-to-me program has made things simpler. Much simpler.
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yfan
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Re: June 2016 Garden Club/Cult

Postby yfan » Sat Jun 04, 2016 2:31 pm

CarefulBuilder14 wrote:- I find it helpful to use a 3% difference guideline. Assuming there's no relevant perk to consider, I don't use a card for minimum spend if an old card will give me the cash or points equivalent of 3%+ more.

Example: URs are better than MRs, but not hugely. Uber spend went to Platinum minimum spend, since 2x MRs was inferior to 2x URs, but by maybe 1% only. The difference was less than 3% cash.

OTOH, 5x URs and 10% cash are much better than 1x MR, so there's no way I'm using Platinum for restaurants or groceries. The difference is much more than 3%.

This is a good way of doing it, but it still depends on the assumption that you have enough spend (out of your total) under a 3% differential to move to a minimum spend card (for bonus). This may not be the case for everybody. That's why I think it's best to look at what one already has and what kind of "bonus" they can get out of the existing cards before picking up the shiny new card on the block for the bonus.

MemberSince99
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Re: June 2016 Garden Club/Cult

Postby MemberSince99 » Sat Jun 04, 2016 7:35 pm

I already fell out of the garden. Not that I ever seriously consider myself in it. I had left things alone for a long time, but I decided I want to travel. Thus, I'm active at the moment.

I applied for and received instant approval for the Choice Privileges Hotel card (Barclays). Sadly the limit was 4400 and I had hoped for a bit more but it will do.

I can already use it for a stay next month and earn enough for next year's stay as well.

Then to broaden my options I applied for the IHG card (Chase). No instant went to review. I thought I'm not calling, either I get it or I don't and I'll live either way.

Did check the app status line a few days later just to see and it said approved. Don't know the starting limit but it would be nice if it's a Visa Sig.

So with those, and the benefits from my Amex Platinum (SPG and Hilton) I'm covered on hotels with lots of options.

I'd say I'm heading to the garden but I'm not, I simply have nothing I care to apply for right now. That could change next week or I could go months with what I have, but I'm good for now!

To My Credit
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Re: June 2016 Garden Club/Cult

Postby To My Credit » Sat Jun 04, 2016 10:57 pm

MemberSince99 wrote:I'd say I'm heading to the garden but I'm not, I simply have nothing I care to apply for right now. That could change next week or I could go months with what I have, but I'm good for now!
How many credit cards do you have in all?
Current cards: BankAmericard CR, BankAmericard BBR, Citi Double Cash, Chase Freedom, AmEx BCE, Discover It
Wishlist: US Bank Cash+

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CarefulBuilder14
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Re: June 2016 Garden Club/Cult

Postby CarefulBuilder14 » Sun Jun 05, 2016 1:30 am

Re: Then to broaden my options I applied for the IHG card (Chase). No instant went to review. I thought I'm not calling, either I get it or I don't and I'll live either way.
Did check the app status line a few days later just to see and it said approved. Don't know the starting limit but it would be nice if it's a Visa Sig.

I've heard nothing about a change from MC. I've got my first anniversary coming up on mine.
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

MemberSince99
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Re: June 2016 Garden Club/Cult

Postby MemberSince99 » Mon Jun 06, 2016 7:47 am

To My Credit wrote:
MemberSince99 wrote:I'd say I'm heading to the garden but I'm not, I simply have nothing I care to apply for right now. That could change next week or I could go months with what I have, but I'm good for now!
How many credit cards do you have in all?


At present 14.

I think that's a lot but compared to what I've seen in digs on MF it seems small.

MemberSince99
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Re: June 2016 Garden Club/Cult

Postby MemberSince99 » Mon Jun 06, 2016 7:57 am

kdm31091 wrote:There are just so many factors with all of this stuff that I think sometimes people overlook, and it results in them ending up with a bunch of redundant cards that sit in the SD. If you already have a Double Cash, is a Blispay really worth the HP? Do you really need 3 "just in case" BT cards? If you find yourself needing BTs that often you need to look at your spending.

People on MF just seem to apply for anything that has even the slightest purpose, then their signature is loaded up with 10 or 20 cards and they talk about wanting to "simplify". If you just figure out ahead of time how necessary the account really is you can save yourself a lot of headache.

Unless you are truly very high income and spend, people need to stop trying to justify 5 different reward programs for their travel. You will get nowhere if you are spreading across cash back, UR, MR, TY, hotel points, etc, etc. IMO it's best to pick a program and stick to it. Again, higher spending can tolerate more, and sign up bonuses are a different matter. But for the long term, I think people just spread too thin a lot of the time.



True. On MF They apply for whatever they can get though.

I kind of agree but you also have to consider it can be a challenge to line up your spend with rewards. Chase has ties with southwest and Marriott and holiday inn while amex has delta and Hilton and starwood. If you are locked into one thing it doesn't give you as much to work with.

So ideally yeah pick ur or mr or whatever for greatest return or even something generic like barclay arrival but picking only one is going to limit you too it's all a trade-off.

I went with amex plat for Holton and starwood and rental upgrades at national hertz and avid and the ihg for holiday inn and the choice hotels card. That gives me a lot of flexibility and mr points can be transferred to the choice card which pairs it well with amex.

It would be great if one card did it all but I know of no such card or I would apply for it.

To My Credit
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Re: June 2016 Garden Club/Cult

Postby To My Credit » Mon Jun 06, 2016 8:24 am

Speaking of Citi Double Cash and Blispay, I was planning on (re)applying for the Double Cash card next, but I've recently looked up the Blispay card and the rewards structure seems to be more convenient. Which of the two would you guys recommend, from a long-term perspective?

I always pay my balance in full and on time, so APR and BT are completely irrelevant to me. All I care about is having a card that is widely accepted (and isn't nerfed) which I can use for a long time for miscellaneous expenses that don't fall under any specific rewards category.
Current cards: BankAmericard CR, BankAmericard BBR, Citi Double Cash, Chase Freedom, AmEx BCE, Discover It
Wishlist: US Bank Cash+



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