What cards with Annual Fees do you have?

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33 posts
WS6R6
Platinum Member
Platinum Member
 
Posts: 60
Joined: Tue Sep 25, 2012 11:52 am
Location: Kansas

Postby WS6R6 » Wed Dec 11, 2013 12:43 am

CSP.......
Travel 3x, Groceries + Gas 2x: [color=Orange"]AmEx PRG[/color] (Closed)
Restaurants + Travel 2x: [color=navy"]Chase Sapphire Preferred[/color]
Groceries 3%, Gas + Department Stores 2%: [color=blue"]AmEx BCE[/color]
Dining + Entertainment 2x: [color=navy"]Citi Thank You Preferred[/color]
Hotels 5x: [color=Black"]Chase Marriott Rewards Premier[/color]
Rotating 5%: [color=darkorange"]Discover It[/color], [color=blue"]Chase Freedom[/color]
Restaurants 5x: [color=lime"]Citi Forward[/color]
Gas 5%: [color=gray"]PenFed Platinum Rewards[/color]
Future: [color=red"]US Bank Cash +[/color]


Robrus1
Centurion Member
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Posts: 797
Joined: Tue Oct 02, 2012 3:25 pm
Location: Texas

Postby Robrus1 » Wed Dec 11, 2013 7:18 am

samhradh wrote: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!


All CSP are either Visa Sig or World Master Card, although the WMC version isn't available anymore, or won't be soon. Minimum CL for CSP and Visa Sig is 5K.
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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Posts: 388
Joined: Thu Nov 21, 2013 1:13 pm
Location: United States

Postby samhradh » Wed Dec 11, 2013 9:46 pm

Robrus1 wrote:All CSP are either Visa Sig or World Master Card, although the WMC version isn't available anymore, or won't be soon. Minimum CL for CSP and Visa Sig is 5K.


Wowzers so my initial instinct was right...Trying to recall my train of thought. I think I was assuming, based on the lower CL for some of his more recent cards that he planned to keep open, that getting the CSP was unlikely. But I don't know! Conjecture.
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).

trainypooh
Green Member
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Posts: 24
Joined: Sun Nov 03, 2013 11:06 pm
Location: Minnesota

Postby trainypooh » Wed Dec 11, 2013 10:57 pm

I'm thinking about applying for the BCP in about 6 months after my hard pulls from the Freedom and IT somewhat clear and won't affect my apping. I just updated my FICO scores in my signature and i know i'll probably go down a couple points, but overall my scores are good.

If I apply for the BCE can I upgrade that to the BCP without taking a hard pull? and how is AMEX with CLIs?
My Wallet:
Discover IT - $9500
AMEX BCE - $9000
Chase Freedom - $5000
Capital One Quicksilver - $2700

Future Cards:
Chase CSP

MemberSince99
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Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

Postby MemberSince99 » Thu Dec 12, 2013 6:34 am

You would only be able to upgrade to BCP after 13 months, but it wouldn't be a hard pull. Since as far as we know the underwriting criteria is the same, I don't see why you wouldn't just go for the BCP IF and only if you can spend enough to make it worth it.


Well I will never get a CLI from Amex I burned them so I know better than to even try (it will auto decline me) but in general they are really good about it. It's SP and you can go for 3X the limit after 61 days and every 6 months after that.

trainypooh
Green Member
Green Member
 
Posts: 24
Joined: Sun Nov 03, 2013 11:06 pm
Location: Minnesota

Postby trainypooh » Thu Dec 12, 2013 8:09 am

MemberSince99 wrote:I don't see why you wouldn't just go for the BCP IF and only if you can spend enough to make it worth it.


this is my concern. I heard if I spend around $60 a week on groceries and about ~$100 a month on gas, they BCP will pay for itself? those would be my main charge areas (that is when the IT and Freedom doesnt have the 5% for gas)
My Wallet:
Discover IT - $9500
AMEX BCE - $9000
Chase Freedom - $5000
Capital One Quicksilver - $2700

Future Cards:
Chase CSP

samhradh
Centurion Member
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Posts: 388
Joined: Thu Nov 21, 2013 1:13 pm
Location: United States

Postby samhradh » Thu Dec 12, 2013 10:20 am

trainypooh wrote:this is my concern. I heard if I spend around $60 a week on groceries and about ~$100 a month on gas, they BCP will pay for itself? those would be my main charge areas (that is when the IT and Freedom doesnt have the 5% for gas)


There's the kicker. And it's why I haven't upgraded to the BCP. The it and Freedom have 5% CB on gas in two different quarters. So that's six months out of the year I will not use the AmEx on gas. I do a lot of my grocery shopping at Costco so I don't always even get the 3% from the BCE.

While the BCP might pay for itself, you might not earn any CB to use. It only makes sense if when, after it pays for itself, you still earn more CB than you would if you had the BCE. The way I think about it is I would start the year with $-75 in my CB account.
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
Centurion Member
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Posts: 797
Joined: Tue Oct 02, 2012 3:25 pm
Location: Texas

Postby Robrus1 » Thu Dec 12, 2013 10:48 am

trainypooh wrote:this is my concern. I heard if I spend around $60 a week on groceries and about ~$100 a month on gas, they BCP will pay for itself? those would be my main charge areas (that is when the IT and Freedom doesnt have the 5% for gas)


I think the BCE would be more beneficial.
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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djrez4
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Posts: 1468
Joined: Tue Jul 31, 2012 12:20 pm
Location: United States

Postby djrez4 » Thu Dec 12, 2013 11:22 am

Back on topic -

Amex - BGR*‡, MB Plat†, SPG*†, SPG Biz*
Chase - CSP, MP Explorer*
Citi - AA x 2*†, AA Biz*†, Reserve†
Barclays - US Air x 2*†, Arrival*†

*Within first-year fee waiver
†Will probably cancel when next fee is due
‡Will upgrade

I don't count the Costco Amex because it's technically included in the Costco annual fee.

Total fees paid in 2013 - $840. Value received in 2013 - 145k MR ($1450 or more), 65k SPG points, $440 in Arrival points, 105k AA miles, $200 airline credit, $200 Global Entry x 2, ~$5000 in flights to Europe and Japan via UA miles and UR points, $2394 in Hilton stays, and (here's the kicker) a $33,000 flight itinerary (DEN-NRT-PEK-ICN-IST-FRA-YYZ-DEN) in business for $2300 via USDM (not that I would have paid that much for it). Total? Uh.. $42,740, give or take.

Total fees for 2014 (estimated) - $709. We shall see if I can suck as much value out of it.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

rockyrock
Centurion Member
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Posts: 803
Joined: Thu Mar 21, 2013 6:06 am
Location: Ventura, CA

Postby rockyrock » Thu Dec 12, 2013 7:32 pm

Too many...need to seriously consider reducing. Either the Plat or the SPG will not be renewed next cycle...I want to ditch Cap1 but it's my oldest acct on file.

-Amex Plat
-Amex SPG
-Amex BCP
-CSP
-Marriott Premier
-Cap1 Plat
-Hawaiian Air Visa
American Express (2005): Premier Rewards Gold & Blue Cash Preferred
Chase: Freedom & UA Club USAA: Signature Visa & American Express
Discover it Bank of Hawaii Hawaiian Airlines WEMC Synchrony Sam's MC
Navy FCU Platinum Visa Citi Double Cash & AT&T Access MC



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