Premium cards: keep/add/close?

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CarefulBuilder14
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Premium cards: keep/add/close?

Postby CarefulBuilder14 » Sat Sep 17, 2016 7:50 pm

What are others planning as far as keeping, adding, or closing cards with $400-ish AFs?

I'm likely to keep Platinum and add CSR eventually. RC is an option for pure bonus hunting.

When I compare the post-nerf Prestige to the DoubleCash, though, I'm really having a hard time seeing $450 of extra value. Improvements or a retention offer could change things, but for now I think a PC is likely. It wouldn't just be for AAoA or utilization. I think I actually would use DoubleCash a lot, especially now that a dozen or so of my long-pending price rewinds have posted to my account this week.

Barclaycard's Black Card doesn't really interest me. It might with a waived AF like some manage, but I'm too distrustful of the Barclaycard CSRs to mark my account correctly. A premium airline cobrand card (AA Executive, United Club, Delta Reserve) is conceivable if there's a good bonus and the timing works well for me.
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


Tubpbs
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Re: Premium cards: keep/add/close?

Postby Tubpbs » Sat Sep 17, 2016 9:50 pm

CarefulBuilder14 wrote:What are others planning as far as keeping, adding, or closing cards with $400-ish AFs?

I'm likely to keep Platinum and add CSR eventually. RC is an option for pure bonus hunting.

When I compare the post-nerf Prestige to the DoubleCash, though, I'm really having a hard time seeing $450 of extra value. Improvements or a retention offer could change things, but for now I think a PC is likely. It wouldn't just be for AAoA or utilization. I think I actually would use DoubleCash a lot, especially now that a dozen or so of my long-pending price rewinds have posted to my account this week.

Barclaycard's Black Card doesn't really interest me. It might with a waived AF like some manage, but I'm too distrustful of the Barclaycard CSRs to mark my account correctly. A premium airline cobrand card (AA Executive, United Club, Delta Reserve) is conceivable if there's a good bonus and the timing works well for me.


I've been thinking about this a lot lately.

I'm hopeful that the CSR will cause some positive changes with the Platinum and Prestige, but I think it's unlikely.

The prestige still has solid rewards and priority pass and the $250 credit. Platinum really needs to offer some actual rewards instead of nothing. RC is solid, but I'd rather earn URs for my spend than Marriot / Ritz points. Had I known the CSR was in inbound, I likely would have chosen to apply for that over the Ritz, but not 100%.

I already have the DC. I don't really know what I would PC the Prestige to. I think most likely I'd keep what I have and in a year or so apply for the CSR and transfer my RC credit limit to CSP or CSR and close it maybe. I'm not sure.

CSR is a legitimate game changer.

What is everyone's thoughts on how long they'll keep the 100K bonus? I think there is some chance they're keep it long term / permanently. The CSP is always 40K or 50K. I'm optimistic they'll keep it. Much more optimistic about that than about Platinum or Prestige augmenting their offerings...
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
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Re: Premium cards: keep/add/close?

Postby CarefulBuilder14 » Sat Sep 17, 2016 10:35 pm

Tubpbs wrote:The prestige still has solid rewards and priority pass and the $250 credit. Platinum really needs to offer some actual rewards instead of nothing. RC is solid, but I'd rather earn URs for my spend than Marriot / Ritz points. Had I known the CSR was in inbound, I likely would have chosen to apply for that over the Ritz, but not 100%.

I already have the DC. I don't really know what I would PC the Prestige to. I think most likely I'd keep what I have and in a year or so apply for the CSR and transfer my RC credit limit to CSP or CSR and close it maybe. I'm not sure.

CSR is a legitimate game changer.

What is everyone's thoughts on how long they'll keep the 100K bonus? I think there is some chance they're keep it long term / permanently. The CSP is always 40K or 50K. I'm optimistic they'll keep it. Much more optimistic about that than about Platinum or Prestige augmenting their offerings...

For me, Platinum is more of a perks card. The rewards don't matter much to me since I don't spend much on it.

Prestige's rewards can still be lucrative, but will definitely be harder to use (for me, at least) once the only decent redemption options are obscure airline transfers.

Chase does make some bonuses seasonal, so I wouldn't be surprised if it dipped below 100k for at least a while.

In general, conventional earn rates don't matter much to me anymore. It's really about bonuses, perks, and special statement credits.
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

Tubpbs
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Re: Premium cards: keep/add/close?

Postby Tubpbs » Sun Sep 18, 2016 8:53 am

CarefulBuilder14 wrote:
Tubpbs wrote:The prestige still has solid rewards and priority pass and the $250 credit. Platinum really needs to offer some actual rewards instead of nothing. RC is solid, but I'd rather earn URs for my spend than Marriot / Ritz points. Had I known the CSR was in inbound, I likely would have chosen to apply for that over the Ritz, but not 100%.

I already have the DC. I don't really know what I would PC the Prestige to. I think most likely I'd keep what I have and in a year or so apply for the CSR and transfer my RC credit limit to CSP or CSR and close it maybe. I'm not sure.

CSR is a legitimate game changer.

What is everyone's thoughts on how long they'll keep the 100K bonus? I think there is some chance they're keep it long term / permanently. The CSP is always 40K or 50K. I'm optimistic they'll keep it. Much more optimistic about that than about Platinum or Prestige augmenting their offerings...

For me, Platinum is more of a perks card. The rewards don't matter much to me since I don't spend much on it.

Prestige's rewards can still be lucrative, but will definitely be harder to use (for me, at least) once the only decent redemption options are obscure airline transfers.

Chase does make some bonuses seasonal, so I wouldn't be surprised if it dipped below 100k for at least a while.

In general, conventional earn rates don't matter much to me anymore. It's really about bonuses, perks, and special statement credits.


The Platinum is only a perks card, but that's only because the rewards are non-existent... If it had rewards, you might spend some money on it. I don't spend any money on it either. Maybe $20 every other month.
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: Premium cards: keep/add/close?

Postby CarefulBuilder14 » Sun Sep 18, 2016 2:26 pm

I'm not sure what reward structure Amex could realistically offer on the Platinum that would make me want to use it frequently.

I'd use Amex in a situation where I distrusted the merchant and thought a dispute was very possible...but I'm rarely in those situations...and when I am, rewards aren't the first thing on my mind.
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

Tubpbs
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Re: Premium cards: keep/add/close?

Postby Tubpbs » Sun Sep 18, 2016 3:03 pm

CarefulBuilder14 wrote:I'm not sure what reward structure Amex could realistically offer on the Platinum that would make me want to use it frequently.

I'd use Amex in a situation where I distrusted the merchant and thought a dispute was very possible...but I'm rarely in those situations...and when I am, rewards aren't the first thing on my mind.


In other words the earn rate on the CSR isn't part of its appeal to you?
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

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CarefulBuilder14
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Re: Premium cards: keep/add/close?

Postby CarefulBuilder14 » Sun Sep 18, 2016 6:57 pm

Tubpbs wrote:
CarefulBuilder14 wrote:I'm not sure what reward structure Amex could realistically offer on the Platinum that would make me want to use it frequently.

I'd use Amex in a situation where I distrusted the merchant and thought a dispute was very possible...but I'm rarely in those situations...and when I am, rewards aren't the first thing on my mind.


In other words the earn rate on the CSR isn't part of its appeal to you?

In choosing a card, I generally ask myself:

#1. Am I worried that the merchant is evil and going to try to cheat me somehow? Most of my transactions are with merchants I've shopped with before without big problems, so generally the answer is "no". If "yes", I'll try to use Amex or find another merchant. If "no" I go on to #2.

#2: Is there some relevant perk to consider, like an extended warranty, trip delay insurance, or price match? If "yes", go with Prestige. If "no", go to #3.

#3. What gives me the best rewards? (Rarely Amex Platinum)

While I really like having an Amex for certain circumstances (when I distrust the merchant), until Platinum has some 3x MR categories to actually beat 2x URs on CSP (let alone 3x URs on CSR) I'm not sure how much more I'd spend on it. A few 2x MR categories wouldn't likely do 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

Tubpbs
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Re: Premium cards: keep/add/close?

Postby Tubpbs » Sun Sep 18, 2016 7:23 pm

...so the earn rate on the CSR does appeal to you then?
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

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CarefulBuilder14
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Re: Premium cards: keep/add/close?

Postby CarefulBuilder14 » Sun Sep 18, 2016 10:47 pm

Tubpbs wrote:...so the earn rate on the CSR does appeal to you then?

Yes, but the earn rate is not a terribly high priority for me. The conventional earn rate is less important to me.

When rewards do enter my decision, I have enough good existing options that it would take a massive improvement in Platinum's rewards to get me to spend very much more on it.
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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CarefulBuilder14
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Re: Premium cards: keep/add/close?

Postby CarefulBuilder14 » Mon Sep 19, 2016 4:08 pm

So in a comparison between the post-nerf Prestige and CSR...based on my particular point valuations, the perks I care about, and single-card spending (mostly on travel)...

Chase's advantages:
The travel credit is $50 higher, and more flexible.
More stuff earns 3x, and cpp value is at least as good.
UR transfer partners are better.
Chase cpp value is better when booking travel through the issuer with points.
Somewhat better terms for Priority Pass guest access.

Citi's advantages:
The nominal AF is the same, but Citi may be more likely to offer a retention bonus.
4th night free is still pretty strong, and for some stays may have improved...but it's still limited to one room per reservation.

It looks like Prestige's only remaining advantages for me are 4th night free and Citi's better history of giving retention offers. I think I still like Platinum over CSR (because I'm likely to keep using Centurion and Delta lounges more than Priority Pass), but CSR clearly has the edge over Prestige for me.
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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