June 2016 Garden Club/Cult

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

Postby JonE » Mon Jun 27, 2016 9:45 am

CarefulBuilder14 wrote:Two months ago, I wasn't sure if I should get a Prestige. It's since become my primary card, even after minimum spend is over.

One thing my wallet is lacking is a good off-category card. A lot of my spending qualifies for some bonus category or perk, though, so it's not a big loss.

There are currently a few factors keeping me in the garden...

1. I'm a little worried about AA. 13 open (and 1 closed) CC accounts is fairly aggressive expansion for someone with less than 3 years of history. I like the cards I have, and I'm in no rush to lose any of them.
2. I have enough hotel and airline points to last me a while, as well as enough programs. The marginal benefit of bonus chasing is pretty low atm.
3. I feel I should save my next app for something other than just more points...whether it be a particular business card some future employer might require I use, a mortgage, or even just a "true PIN" card. If I only knew which of those three I would need next, and when...
4. I have enough accounts/issuers to monitor, so the bar is set pretty high for anything new.


It is a lot for someone with that short a history. I have 4 cards and probably my oldest credit account is 2 years. I think at most I could probably wind up with 6 or 8 open depending on needs, but that's a ways out. I figure my biggest needs at this point are a UR points card to go with Freedom, a widely accepted gas and groceries card, and finding a card for emergency purposes that the company doesn't care about every day use (that might be a little tricky!) Beyond that I could easily keep everything I have now and go for something around mid-2017 like CSP, Citi DC, Amex or a higher-end Barclaycard. With my income so far sitting around $30k a year, it'd be all I could do to keep the creditors wondering why I would need all that. And I hope to buy a house in the not too distant future, so there's that.
Wallet: Chase Freedom, Discover IT
Chopping Block: Synchrony
Future: TBD


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CarefulBuilder14
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Re: June 2016 Garden Club/Cult

Postby CarefulBuilder14 » Mon Jun 27, 2016 9:56 am

Tubpbs wrote:
CarefulBuilder14 wrote:Two months ago, I wasn't sure if I should get a Prestige. It's since become my primary card, even after minimum spend is over.

One thing my wallet is lacking is a good off-category card. A lot of my spending qualifies for some bonus category or perk, though, so it's not a big loss.

There are currently a few factors keeping me in the garden...

1. I'm a little worried about AA. 13 open (and 1 closed) CC accounts is fairly aggressive expansion for someone with less than 3 years of history. I like the cards I have, and I'm in no rush to lose any of them.
2. I have enough hotel and airline points to last me a while, as well as enough programs. The marginal benefit of bonus chasing is pretty low atm.
3. I feel I should save my next app for something other than just more points...whether it be a particular business card some future employer might require I use, a mortgage, or even just a "true PIN" card. If I only knew which of those three I would need next, and when...
4. I have enough accounts/issuers to monitor, so the bar is set pretty high for anything new.


Not to make it any more difficult, but in my opinion based off of the cards you have, the rewards programs you participate in and my understanding of how you value UR points....Freedom Unlimited seems to be your best bet in several arenas for a general spend card. Sorry. It's true. Wait 12 months (from your last new account) or set some other reasonable waiting period for yourself to wait to apply. For that or whatever you decide is your best option.

Actually, Wyndham's flat award chart means I might get better value from 2 Wyndham points than 1.5 URs by redeeming at their more expensive properties. The bonus is good, and the guaranteed renewal points might be worth the AF. If I didn't already have a lot of points in general, I'd be more interested in getting the card.

I bought some Wyndham points via USTA and will redeem them for two nights at one, or one night at two, of their expensive properties. If I think their higher-end hotels are worth it, and the current promotion is still running, maybe I'll get the card. If the promo has ended, maybe I'll catch the next one.
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

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CarefulBuilder14
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Re: June 2016 Garden Club/Cult

Postby CarefulBuilder14 » Mon Jun 27, 2016 5:26 pm

JonE wrote:Beyond that I could easily keep everything I have now and go for something around mid-2017 like CSP, Citi DC, Amex or a higher-end Barclaycard. With my income so far sitting around $30k a year, it'd be all I could do to keep the creditors wondering why I would need all that. And I hope to buy a house in the not too distant future, so there's that.

Keep in mind that issuers often change bonus and intro APR terms on cards. If you're flexible about the order and timing of new cards, you can be opportunistic.
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

4ktvs
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Re: June 2016 Garden Club/Cult

Postby 4ktvs » Mon Jun 27, 2016 11:34 pm

Well called into Blispay, they only wanted the names of two creditors on my credit report. They didn't ask for income or proof of address. Got the "We will let you know in 7-10 days reply". Guess that means they told me where to go.

I don't get why they would want me to call in like that if they were going to reject me anyways. First time I have been rejected for a card since the first card I did get approved for.

To My Credit
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Re: June 2016 Garden Club/Cult

Postby To My Credit » Tue Jun 28, 2016 12:13 am

JonE wrote:I figure my biggest needs at this point are a UR points card to go with Freedom

CSP would probably be the best option for that.

a widely accepted gas and groceries card

BankAmericard Cash Rewards and AmEx Blue Cash Everyday might be worth considering. If acceptance is a priority, the former might be the better option.
Current cards: BankAmericard CR, BankAmericard BBR, Citi Double Cash, Chase Freedom, AmEx BCE, Discover It
Wishlist: US Bank Cash+

Nixon
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Re: June 2016 Garden Club/Cult

Postby Nixon » Tue Jun 28, 2016 5:09 am

I'm waiting for wife's EX to crest 700 again before she applied for Blispay. She's got this stubborn (Paid by Insurance) medical collection we just can't seem to shake.
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kdm31091
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Re: June 2016 Garden Club/Cult

Postby kdm31091 » Tue Jun 28, 2016 6:25 am

CarefulBuilder14 wrote:
JonE wrote:Beyond that I could easily keep everything I have now and go for something around mid-2017 like CSP, Citi DC, Amex or a higher-end Barclaycard. With my income so far sitting around $30k a year, it'd be all I could do to keep the creditors wondering why I would need all that. And I hope to buy a house in the not too distant future, so there's that.

Keep in mind that issuers often change bonus and intro APR terms on cards. If you're flexible about the order and timing of new cards, you can be opportunistic.


Agree with this. Try not to plan too far out into the future. Cards and offers change constantly.

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CarefulBuilder14
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Re: June 2016 Garden Club/Cult

Postby CarefulBuilder14 » Tue Jun 28, 2016 3:54 pm

4ktvs wrote:Well called into Blispay, they only wanted the names of two creditors on my credit report. They didn't ask for income or proof of address. Got the "We will let you know in 7-10 days reply". Guess that means they told me where to go.

I don't get why they would want me to call in like that if they were going to reject me anyways. First time I have been rejected for a card since the first card I did get approved for.

The MF crowd is reporting lots of pending apps for Blispay. I wouldn't assume it means much (from my limited research).

Given the number of people on MF joining Costco just to get the card, I'm tempted to buy some COST shares, reasoning that their profits will rise from new members...but I know the MF people are the tiny minority.

At Admirals LAX T4. A nice place. I got to try the cookies, Tubpbs. Good, but I like Centurion chocolate pudding more. :ppp
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

Tubpbs
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Re: June 2016 Garden Club/Cult

Postby Tubpbs » Tue Jun 28, 2016 5:10 pm

CarefulBuilder14 wrote:
4ktvs wrote:Well called into Blispay, they only wanted the names of two creditors on my credit report. They didn't ask for income or proof of address. Got the "We will let you know in 7-10 days reply". Guess that means they told me where to go.

I don't get why they would want me to call in like that if they were going to reject me anyways. First time I have been rejected for a card since the first card I did get approved for.

The MF crowd is reporting lots of pending apps for Blispay. I wouldn't assume it means much (from my limited research).

Given the number of people on MF joining Costco just to get the card, I'm tempted to buy some COST shares, reasoning that their profits will rise from new members...but I know the MF people are the tiny minority.

At Admirals LAX T4. A nice place. I got to try the cookies, Tubpbs. Good, but I like Centurion chocolate pudding more. :ppp


I want a nice regular chocolate chip cookie now... Messing up my whole night man.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

kdm31091
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Re: June 2016 Garden Club/Cult

Postby kdm31091 » Tue Jun 28, 2016 5:55 pm

Joining Costco just for the credit card is kind of stupid IMO. Paying the Costco fee for a cash back card just seems like overkill if you don't actually shop there.



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