What cards with Annual Fees do you have?

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33 posts
irvinfitness
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Website: http://irvinfitness.com
Location: Lafayette/IN

Postby irvinfitness » Mon Dec 09, 2013 8:50 am

Just got my first one. I don't travel a lot and don't have a lot of expenses in general, so the annual fee cards are usually something I avoid, but I did want to get something with no foreign transaction fees for an upcoming trip, so I got the Chase IHG Rewards Card. It has an annual fee of $49 after the first year, but you also get an annual free night certificate that can be redeemed at any of their hotels/resorts, so as long as I need a hotel at least once a year (very likely) then the annual fee pays for itself.
[size=60]Chase Freedom Signature - 10k (rotating 5%)
Citi Platinum Select - 8.1k (rotating 5%)
Discover It - 12k (rotating 5%)
AMEX BCE - 20k (Groceries 3% / Gas 2% )
Regions Signature Visa - 5k
US Bank Cash+ - 5.5k (Restaurants/Fast Food 5% / Drug Stores 2%)
Navy Federal cashRewards Visa Signature - 20k (Business Purchases)
Care Credit - 6k (Vet Bills/Dentist - 0% APR)
Chase IHG Rewards (Priority Club) - 18k (Annual Night Certificate, Platinum Elite Status)

Not used except for occasional purchase with promo:
Jared - 7.5k [/size]


takeshi
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Location: US

Postby takeshi » Mon Dec 09, 2013 9:01 am

This sounds familiar but...
CSP, BCP, UMPE & Ink Plus.

Robrus1
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Location: Texas

Postby Robrus1 » Mon Dec 09, 2013 9:53 am

AmEx Platinum, SPG, BCP, CSP.
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

Obi-dan
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Joined: Fri Aug 02, 2013 2:35 pm
Location: Houston, TX

Postby Obi-dan » Mon Dec 09, 2013 5:39 pm

AMEX Gold Premier Rewards (will cancel)
United
Southwest (will cancel)
Marriott
Cards:
Chase Sapphire Preferred
Marriott Rewards
Citi Hilton
Barclay Arrival
AMEX BCE (member since 95)
Chase Freedom
Discover It
Wells Fargo Platinum
Barclaycard (Apple)
Local Credit Union Visa (buy local!)


FICO Scores:
TU: 824 (Aug 2014)
Experian: 789 (Aug 2014)
Equifax: 807 (Aug 2014)

trainypooh
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Location: Minnesota

Postby trainypooh » Mon Dec 09, 2013 9:01 pm

curious as to why people have both the CSP and BCP? I'm interested in both, just wondering how people are utilizing both.

FYI- I also have Discover IT and Chase Freedom, will both of those cards work synergistically with my current cards?
My Wallet:
Discover IT - $9500
AMEX BCE - $9000
Chase Freedom - $5000
Capital One Quicksilver - $2700

Future Cards:
Chase CSP

samhradh
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Location: United States

Postby samhradh » Mon Dec 09, 2013 9:50 pm

trainypooh wrote:curious as to why people have both the CSP and BCP? I'm interested in both, just wondering how people are utilizing both.

FYI- I also have Discover IT and Chase Freedom, will both of those cards work synergistically with my current cards?


The CSP and BCP are entirely different cards. Chase vs AmEx. Points vs Cash. Dining and travel bonus vs Grocery and gas bonus. Etc, etc, etc. Having both makes total sense if your spend justifies the annual fees.

Yes, having the CSP, BCP, Freedom, and it makes sense if you are OK with managing your earnings/spend over four cards and two different cash back calendars. Again, the key is whether your spend justifies the fees (though technically you can always downgrade to CS and BCE). The CSP and Freedom combination is particularly rewarding.

As the veteran posters are fond of saying - and I am starting to see why - at the end of the day we cannot say what works best for you. Only you know what you put on cards, can pay off, are looking to
earn, etc.

What I will say is that I doubt you will be approved for the CSP given the credit profile in your signature. My suggestion is to CLI your existing cards (depending on when you got them. Wait six months from opening date. Be prepared for a "No" from Discover). Do not cancel your Quicksilver and bank cards. Apply for the BCP. Do the CLI on the AmEx when appropriate. Then, if your CL are high enough, try for the CSP. Then, if you do not mind the impact on your AAoA, you can cancel your Quick and bank cards.
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).

Robrus1
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Location: Texas

Postby Robrus1 » Tue Dec 10, 2013 10:44 am

samhradh wrote:What I will say is that I doubt you will be approved for the CSP given the credit profile in your signature. My suggestion is to CLI your existing cards (depending on when you got them. Wait six months from opening date. Be prepared for a "No" from Discover). Do not cancel your Quicksilver and bank cards. Apply for the BCP. Do the CLI on the AmEx when appropriate. Then, if your CL are high enough, try for the CSP. Then, if you do not mind the impact on your AAoA, you can cancel your Quick and bank cards.


I have to respectfully disagree with you here. Assuming trainypooh has good credit, good payment history, and decent income, I think he/she would be approved for CSP and BCP now. trainypooh has one card that has an $11300 limit, and he/she already has the Freedom, and an existing relationship with Chase always helps, provided there haven't been any late payments, etc. I also don't agree with going for CLIs and wasting HPs on cards that you aren't going to use much, seeing as the CSP and BCP would probably be trainypooh's most used cards. I'd just app for both cards (probably CSP first) and worry about CLIs later.
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

samhradh
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Postby samhradh » Tue Dec 10, 2013 4:33 pm

Robrus1 wrote:I have to respectfully disagree with you here. Assuming trainypooh has good credit, good payment history, and decent income, I think he/she would be approved for CSP and BCP now. trainypooh has one card that has an $11300 limit, and he/she already has the Freedom, and an existing relationship with Chase always helps, provided there haven't been any late payments, etc. I also don't agree with going for CLIs and wasting HPs on cards that you aren't going to use much, seeing as the CSP and BCP would probably be trainypooh's most used cards. I'd just app for both cards (probably CSP first) and worry about CLIs later.


Casualties of a late night post. I wasn't thinking straight when I posted. In my brain, I was thinking about the Visa Signature being a requirement for CSP and that's just not true. Visa Sig requires certain CL but not all CSP are VS. Sorry!
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).

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bisbicos
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Location: Newton, MA

Postby bisbicos » Tue Dec 10, 2013 9:12 pm

Just my Zync card
Credit Cards
American Express: Fidelity Rewards (2% cash back) 9.5k
Zync NPSL
Discover: Discover More (5% rotating categories) 12k
Mastercard: Chase Freedom (5% rotating categories) 4.6k
Visa: Citi Forward (5x pts on restaurants) 15.7k
Citi Dividend (5% rotating categories) 5.6
Capital One Journey (1.25% cash back) 1.25k
BofA AAA (5% on gas) 2.5k
PenFed Platinum Rewards (5% on gas 3% groceries) 7.5k

Future Cards
US Bank Cash +
Chase Ink

fL1Pm0d3
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Location: NC

Postby fL1Pm0d3 » Tue Dec 10, 2013 10:52 pm

Amex Plat, SPG and applying for Sapphire Preferred this coming year.
Travel Perks: AMEX Platinum, SPG Amex ($16300), Chase Sapphire Preferred ($11600)
5% Rotating Cashback: Discover IT ($5800) , Chase Freedom Signature Visa ($10000)
Low APR Card (7.99%): CFCU ($5000)
Co-Branded Card: Barclays Apple Visa ($3800)


Future: BCP, Close Apple Visa and open Arrival



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