Rethinking my strategy

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MemberSince99
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Rethinking my strategy

Postby MemberSince99 » Wed May 22, 2013 8:47 pm

Ok bottom line is no more applications for 6 months, not until December, to give the current new cards time to age and not ruffle any feathers here.

I was thinking I would apply for Chase Freedom then, but now throwing Amex into the mix with Gold, it really would make more overall sense for the BCP as I would be maximizing rewards that way.

So that's kind of what I'm thinking. I don't want to do anything to spook any of these guys at this point, but down the road now I am thinking that might be the card that works the best for me if I add anything to the mix.

The only thing I know for a fact is right now the only lenders I would be interested in applying for anything new with would be Chase or Amex. Associated frankly doesn't have anything I know of that I don't already have, and Elan isn't my first choice anyway, and I may be max'd out with what BofA will give me right now anyway. I'd like to establish things with both Chase and Amex. If that process goes well, I could see giving them both a lot of my business. I plan to now anyway, but I mean more in the future.

And I'm very happy with FNBO so I really want to keep them in the mix too. I have nothing bad to say about FIA or BofA, as well. (though some of you may).

And I might add, the backdating to 99 would be awesome as well.

Any thoughts or suggestions?


Robrus1
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Postby Robrus1 » Wed May 22, 2013 9:11 pm

I like it and I also send all of my business to Amex and Chase these days. Someday if I'm not traveling enough to make the Platinum worth it I'd go to the PRG and upgrade my Blue to a BCP. That way after the spending cap is hit on the BCP, I could still pull 2X points for gas/groceries on the PRG. I know you just got a CSP also, so I'd use that until you hit enough spend to get the bonus points if you're planning on it, and then I'd do some spending with Amex just to build a good history. I think the BCP is a great card.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K

credit_card_fonz
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Postby credit_card_fonz » Wed May 22, 2013 9:14 pm

Welcome to the garden!

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Snowman
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Postby Snowman » Wed May 22, 2013 9:21 pm

I'm telling you 99, you should go for the Freedom, I think it would be an excellent combo for you since you have the CSP too. You could go for the BCP (but do you get groceries or drive a lot, to justify the annual fee?) Other then that, I think your set. I was also thinking you could go for another Discover card- But I think your previous experiences with them prove otherwise. But they too are a good creditor IMO. You could try for another travel card just for the heck of it since that what Amex is primarily for, although Chase seems to be gaining share of what was predominantly Amex's target market. That's just what I think but it's your credit, and only you know what is best for you.
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.

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djrez4
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Postby djrez4 » Wed May 22, 2013 9:21 pm

credit_card_fonz wrote:Welcome to the garden!


Pretty much this. You crack me up, Member.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

MemberSince99
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Postby MemberSince99 » Wed May 22, 2013 9:22 pm

Thanks Robrus. I am already over halfway to the spend for the 40k bonus points (rent and car payment) and I plan to get that, it's hard to turn down 500 dollars in travel rewards! And then I will concentrate on the Amex a bit more once I hit that. I like your thinking.

And fonz you cracked me up!

MemberSince99
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Postby MemberSince99 » Wed May 22, 2013 9:23 pm

djrez4 wrote:Pretty much this. You crack me up, Member.


Scary when we have the same words in our post at the same time and it's not congrats +1!

MemberSince99
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Postby MemberSince99 » Wed May 22, 2013 9:31 pm

I can see that Snowman, maybe the Freedom it is still of interest. It does pair with the CSP very well.

But Discover, yes they are a good creditor, they just don't really want me as a customer. I never ever carried a balance and they really don't seem to like that kind of thing. Apparently, strange as it sounds, they don't like you paying as soon as you can, they want balance carriers. Or they just don't want me. That's ok, I can take the hint. And what they said on that letter, that's the final nail in the coffin for them in my book. Telling me my credit doesn't justify a limit over 3k, gee I guess I better tell that to Amex and Chase and FNBO and BofA and Elan so they can shut me down. For that matter they'd given me 3 cards and all of them had higher limits than 3k. Shows what sense they make.

Ok calming down. They were deliberately insulting, and I will remember that for a VERY long time I assure you. I can forgive not giving me a higher limit but they hit below the belt, and I will not be ready to forgive that for a LONG time.

But yeah I can see what you are saying otherwise. I have wondered if Chase will ever upgrade my CSP to the signature card. Do they do that do you know?

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Snowman
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Postby Snowman » Wed May 22, 2013 9:53 pm

Well, that was kind of why I suggested it..lol.

They are a good creditor, but maybe you aren't an ideal customer of their's. I guess it's because my income is lower then your's so thus I'm fine with my 1.5k line, where as you've had credit for a longer period of time so you'd naturally want a larger line, I can see why your upset with Discover. I've been with them for 6 months, and I've yet to carry a balance with them either, I prefer to pay a couple of days before the statement cuts. Don't really plan to carry a balance unless it out of necessity.

I understand why you closed their cards, and frankly I can't blame you.

What do you mean by upgrading to the signature version? I thought the CSP is a Visa Signature card when you receive one? Sorry, I'm not totally sure to be honest...
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.

Robrus1
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Postby Robrus1 » Wed May 22, 2013 10:07 pm

Yeah I thought that minimum issue for CSP is 5K and as such, all of them issued on the Visa network are Signature cards. Is yours not a Signature, 99? It should say under the Visa logo on the back of your card.
Amex Platinum
Amex BCP 21K
Amex SPG 5K
Barclaycard Arrival Plus WEMC 5K
Chase Sapphire Preferred 23.5K
Credit Union 10K
Discover IT 7.75K



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