September 2016 Garden Club/Cult

For just about anything you want to get off your chest about credit cards.
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kdm31091
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Re: September 2016 Garden Club/Cult

Postby kdm31091 » Mon Sep 05, 2016 9:51 am

AMEXPlatino86 wrote:For all the cards that have been released, things have been slow in the credit world. Since I acquired a business card in this past December I haven't really felt the need to get another credit card. The only one that I would go after if it became available again is one of the Diner Club cards. Kinda tired of my Apple Barclay. Used it to get some accessories but I have no use for it anymore.


I think most of the cards that have come around lately have been extremely underwhelming and mostly copies of one another (exception being things like CSR, but even that is basically an upgraded version of the existing CSP).

I'd like to see something groundbreaking, especially in the cash back space, but it just doesn't seem to be likely right now. A lot of people found Blispay groundbreaking but to me, no bonus, just another 2% card. Financing is nice but now that the card is reporting there isn't as much of a benefit.


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amexmember12
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Re: September 2016 Garden Club/Cult

Postby amexmember12 » Mon Sep 05, 2016 11:24 am

kdm31091 wrote:I'm not really a "churner" but I have to agree with this 100%. I see people opening, closing, changing their mind etc on no bonus, low value cards all the time and it kind of baffles me. If you're taking the pull and AAOA ding anyway, at least get something out of it.

The CSR or CSP spend requirements may be too high for some and that's fine but even getting a $100 or $200 bonus beats getting nothing and a card with very few perks.


Agreed.

For me I only go after cards that I will end up keeping for a long time, and I wait until there is a good bonus for it and i can meet the spend cap without living above my means.
CSR $24K | Discover IT $22.9K | AMEX BCE $15K | AMEX EveryDay $12.9K | Marriott Premier - $11K | Delta Platinum $10K | Freedom $6.5K | Freedom $6K | BOA Travel Rewards - $2.7K | AMEX Premier Gold

kdm31091
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Re: September 2016 Garden Club/Cult

Postby kdm31091 » Mon Sep 05, 2016 12:10 pm

People also tend to spend a lot of time maximizing nominal amounts of spend. They open a bunch of cards. One for dining purchases. One for gas. One for department stores.

To some degree, it can make sense when the gains are large, i.e. if it's something you spend a ton of money on. But by and large, most people are going to be better off using a smaller set of cards vs trying to juggle 15 reward systems and putting use on cards to keep them active etc.

Diversity is important and no one should only have one card or bank. But some people get so wrapped up in rewards that they spend hours trying to maximize literally pennies.

JonE
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Re: September 2016 Garden Club/Cult

Postby JonE » Mon Sep 05, 2016 1:00 pm

CarefulBuilder14 wrote:
If you want to try travel cards, why not just start with something with a $1k minimum spend requirement (once you pay off your balances)? Until you're spending and traveling enough to make good use of CSP or CSR, you can still enjoy a nice bonus and hone your points skills. There's more value in light travel bonus hunting than opening, closing, and reopening a Walmart card.


One minor possibility would be a C1 Venture card which has double miles on all purchases, only trouble there is the triple pull. I didn't join the Venture train on MF a while back for that reason.
Current Cards: Chase Freedom, Discover IT
Future: TBD

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amexmember12
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Re: September 2016 Garden Club/Cult

Postby amexmember12 » Mon Sep 05, 2016 2:59 pm

JonE wrote:
CarefulBuilder14 wrote:
If you want to try travel cards, why not just start with something with a $1k minimum spend requirement (once you pay off your balances)? Until you're spending and traveling enough to make good use of CSP or CSR, you can still enjoy a nice bonus and hone your points skills. There's more value in light travel bonus hunting than opening, closing, and reopening a Walmart card.


One minor possibility would be a C1 Venture card which has double miles on all purchases, only trouble there is the triple pull. I didn't join the Venture train on MF a while back for that reason.


Triple pull? Ouch

The CSR is a double pull - (at least for me it was).

kdm31091 wrote:People also tend to spend a lot of time maximizing nominal amounts of spend. They open a bunch of cards. One for dining purchases. One for gas. One for department stores.

To some degree, it can make sense when the gains are large, i.e. if it's something you spend a ton of money on. But by and large, most people are going to be better off using a smaller set of cards vs trying to juggle 15 reward systems and putting use on cards to keep them active etc.

Diversity is important and no one should only have one card or bank. But some people get so wrapped up in rewards that they spend hours trying to maximize literally pennies.


True - at which point you wonder what's worth more their time or the pennies....
CSR $24K | Discover IT $22.9K | AMEX BCE $15K | AMEX EveryDay $12.9K | Marriott Premier - $11K | Delta Platinum $10K | Freedom $6.5K | Freedom $6K | BOA Travel Rewards - $2.7K | AMEX Premier Gold

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CarefulBuilder14
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Re: September 2016 Garden Club/Cult

Postby CarefulBuilder14 » Tue Sep 06, 2016 7:47 pm

I got a little excited when a saw a differently-printed Delta Gold mailer today. The offer inside, though, was the same old 50k+$50. I want 60k or more. Pass.

I did a little more brokerage juggling with a (targeted?) TD Ameritrade promo. $250 to let $100k in index ETFs sit in my (previously small) account there for a year. Since I'm not transferring cash, it doesn't matter that the interest rate they pay is $#*%.

It's not as favorable as Citi's checking promo, but should be much less of a hassle.
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

4ktvs
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Re: September 2016 Garden Club/Cult

Postby 4ktvs » Tue Sep 06, 2016 10:46 pm

Well I went ahead and applied for the US bank Cash+ the last card on my list due to the $100 bonus thinking it's likely best to do it now than later.

I worry about my odds due to the whole supposed household credit profile they pull from IDA or how ever it works. Guess I will find out what there UW thinks now.

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amexmember12
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Re: September 2016 Garden Club/Cult

Postby amexmember12 » Tue Sep 06, 2016 11:14 pm

CarefulBuilder14 wrote:I got a little excited when a saw a differently-printed Delta Gold mailer today. The offer inside, though, was the same old 50k+$50. I want 60k or more. Pass.

I did a little more brokerage juggling with a (targeted?) TD Ameritrade promo. $250 to let $100k in index ETFs sit in my (previously small) account there for a year. Since I'm not transferring cash, it doesn't matter that the interest rate they pay is $#*%.

It's not as favorable as Citi's checking promo, but should be much less of a hassle.



They keep bombarding me with the Platinum Card offer 45K points, 15k MQMS and $100. Get two every other week. Not biting.... :lift:
CSR $24K | Discover IT $22.9K | AMEX BCE $15K | AMEX EveryDay $12.9K | Marriott Premier - $11K | Delta Platinum $10K | Freedom $6.5K | Freedom $6K | BOA Travel Rewards - $2.7K | AMEX Premier Gold

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CarefulBuilder14
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Re: September 2016 Garden Club/Cult

Postby CarefulBuilder14 » Tue Sep 06, 2016 11:56 pm

amexmember12 wrote:
CarefulBuilder14 wrote:I got a little excited when a saw a differently-printed Delta Gold mailer today. The offer inside, though, was the same old 50k+$50. I want 60k or more. Pass.

I did a little more brokerage juggling with a (targeted?) TD Ameritrade promo. $250 to let $100k in index ETFs sit in my (previously small) account there for a year. Since I'm not transferring cash, it doesn't matter that the interest rate they pay is $#*%.

It's not as favorable as Citi's checking promo, but should be much less of a hassle.



They keep bombarding me with the Platinum Card offer 45K points, 15k MQMS and $100. Get two every other week. Not biting.... :lift:

One of my cousins, the other points enthusiast in the family, uses that as her primary card. She laments how it isn't what it used to be, though I'm not exactly sure which nerf she's irked about. She's a Delta purist, so her alternatives are limited.
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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Vattené
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Re: September 2016 Garden Club/Cult

Postby Vattené » Thu Sep 08, 2016 5:04 pm

No definitive plans for me, but the CSR is on my radar. That is one nice bonus, and if all goes as planned the wife and I will actually be traveling internationally in a year or so. Previously I was more or less planning on getting an Amex for a bonus and to try out some travel perks, then dumping after a year. A CSR is a prime candidate for that now. We'll see.




kdm31091 wrote:Of course, my Discover has been in the drawer most of this year with the exception of the dining quarter. But it's my oldest card, and so, I hang on to it. Plus they've been good with limit and APR. Just a shame the categories have been kind of disappointing. I'm hoping they drop the category thing at some point and just make it an all around useful card


Have you considered seeing if a PC to a Discover It Miles card is possible? I'm not sure if you already have a 1.5% card or better, but if not that may be an option if you just don't find yourself using the categories. There's no dilution for cash redemption, so it's effectively a true 1.5% cash back card. AFAIK, though, you wouldn't be able to redeem for gift cards on favorable terms like you can with the regular it. Also not sure if PCing is easy; when Discover was my only main card I'd toggle back and forth between the standard it and chrome version depending on how useful the categories were to me. With that you didn't even need to get a new card or anything, you just switched the rewards structure at the next statement date and it was easy to just go back and forth. Judging from their site it looks like the Miles card has different designs...so it may not be as easy. Anyway, just a thought.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
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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