Why am I obsessed with credit cards????

For just about anything you want to get off your chest about credit cards.
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Tubpbs
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Re: Why am I obsessed with credit cards????

Postby Tubpbs » Sat Oct 15, 2016 7:52 pm

CarefulBuilder14 wrote:A lot of seemingly pointless or trivial credit actions and behaviors are more understandable when you realize that some people have to always be changing something.



Agreed. And some people are obsessive by nature, with all things. Some people are also collectors by nature, which is very similar to obsession.
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kdm31091
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Re: Why am I obsessed with credit cards????

Postby kdm31091 » Sun Oct 16, 2016 7:53 am

CarefulBuilder14 wrote:A lot of seemingly pointless or trivial credit actions and behaviors are more understandable when you realize that some people have to always be changing something.


Exactly. Like the ones who already have 20, 30 or more established cards and apply for things like a 25.24% Barclay Rewards card out of boredom. They just have to have something new on the horizon.

Or constantly calling for a lower rate on a card they'll never carry a balance on. etc. Like any other addiction, I guess it provides a rush.

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Re: Why am I obsessed with credit cards????

Postby Judemik » Sun Oct 16, 2016 11:14 pm

I have known people who have lived off the credit cards. It can be dangerous. But, you are doing your research well, which means, you are safe. But, take it easy. Addicted to anything can lead to a miserable life. Buy stuff only that you need and that you can afford,

g35x955
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Re: Why am I obsessed with credit cards????

Postby g35x955 » Mon Oct 17, 2016 11:01 pm

Judemik wrote:I have known people who have lived off the credit cards. It can be dangerous. But, you are doing your research well, which means, you are safe. But, take it easy. Addicted to anything can lead to a miserable life. Buy stuff only that you need and that you can afford,


agreed. thanks
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CarefulBuilder14
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Re: Why am I obsessed with credit cards????

Postby CarefulBuilder14 » Thu Nov 10, 2016 2:31 pm

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

Stros05
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Re: Why am I obsessed with credit cards????

Postby Stros05 » Fri Nov 11, 2016 3:48 pm

I like to feel like I am getting a good deal. If I can earn cash back for buying things that I am already planning to buy, then I want to do it. That is why I use credit cards to pay for the things that I buy.

Skyeric875
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Re: Why am I obsessed with credit cards????

Postby Skyeric875 » Sat Nov 19, 2016 8:49 pm

Care only about the benefits, the rewards don't really matter much. I am trying to get the Chase Sapphire because of the benefits other than the rewards it gives. The $95 yearly fee means nothing if I can get discounts of airfare and have rental insurance for auto. Also you can get $100 reimbursement for applying for global entry.

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CarefulBuilder14
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Re: Why am I obsessed with credit cards????

Postby CarefulBuilder14 » Sun Nov 20, 2016 11:15 pm

Skyeric875 wrote:Care only about the benefits, the rewards don't really matter much. I am trying to get the Chase Sapphire because of the benefits other than the rewards it gives. The $95 yearly fee means nothing if I can get discounts of airfare and have rental insurance for auto. Also you can get $100 reimbursement for applying for global entry.

CSP does have rental insurance...it doesn't have Global Entry...exactly what are you referring to when you talk about airfare discounts? Award flights or something else?
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

mountaindewvoltage
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Re: Why am I obsessed with credit cards????

Postby mountaindewvoltage » Mon Nov 21, 2016 5:40 am

Skyeric875 wrote:Care only about the benefits, the rewards don't really matter much. I am trying to get the Chase Sapphire because of the benefits other than the rewards it gives. The $95 yearly fee means nothing if I can get discounts of airfare and have rental insurance for auto. Also you can get $100 reimbursement for applying for global entry.


You get primary rental insurance with the Chase Sapphire Preferred along with bonus rewards if redeemed for travel (something along 25% if redeemed for travel I've heard), and trip cancellation, interruption, and delay insurance, along with baggage delay insurance. However, the Chase Chase Preferred does not include airfare reimbursement, global entry/TSA pre-check, the 50% bonus in points when redeemed for travel, and Visa Infinite benefits (it's a Visa Signature).

If you spend $10,000 or more a year, and fly 2 times a year, you're better off the the Chase Sapphire Reserve.

Sapphire Reserve - $300 annual travel credit (can be used for airfare and hotels), 4.5x on dining and travel worldwide per dollar spent (when redeemed for travel rewards), 1.5x per dollar on everything else (when redeemed for travel), primary rental car insurance, no blackout dates, $100 global entry or TSA pre-check refund, complimentary priority pass membership, car rental privileges, no FTF's, Luxury Hotel & Resort Collection benefits, 24/7 direct line, and Visa Infinite Concierge. Not to mention that 100,000 bonus points is a juicy promo offer, which can be $1,500 by itself.

For those who don't want the lifestyle of a $450 a year card, it's a no-brainier to use this card for a year and then downgrade it to the CSP. The sign up bonus pays for the annual fee 3x over by itself, plus the $300 travel credit, plus the $100 TSA or global entry refund. If I qualified for this card it would be in my pocket right now and I hate Chase. I just booked tickets to Florida next year to go to Busch Gardens and SeaWorld, and this card would've made it so my round trip airfare cost is $15 ($315.00 flight), plus paid to get my security screening expedited AND THEN paid for my hotel and tickets to the theme park, AND THEN I still would've walked away with the AF paid off and a free vacation and then some after I received my promo bonus.

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Re: Why am I obsessed with credit cards????

Postby TXviking » Sat Nov 26, 2016 12:00 am

mountaindewvoltage wrote:If you spend $10,000 or more a year, and fly 2 times a year, you're better off the the Chase Sapphire Reserve.


Can you share your reasoning? I don't disbelieve you, but I got the CSP a few months before the CSR came out. I've decided to at least keep the CSP until the first annual fee comes due. Not really sure what I'll do at that point.



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