canceled two today

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rockyrock
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canceled two today

Postby rockyrock » Wed Dec 25, 2013 12:48 am

Today I went from 13 open accounts to 11. I canceled the oldest card in my arsenal, my Cap1 Platinum Visa as well as my Wells Fargo Gem card I used to finance my wife's engagement ring. I haven't used the Cap1 in years and the Gem card was only a one time use.

I would really like to get rid of one more but am having a hard time deciding. As bad as it sounds I have the rest for specific reasons...

These are safe:
Marriott Premier
BCP
HA Plat Visa
USAA Rewards MC
NFCU Plat Visa
Discover IT
Military Star

In the air
CSP
SPG

On the block:
Amex Plat
USAA Amex

I use my BCP for gas/groceries which is proly 50% of my expenses.

I have been using CSP for everything else except for Discover 5% categories. I am beginning to wonder if Starpoints are more valuable than UR points though. Point for point I think the Starpoints are better but the UR points accumulate way faster with travel, restaurant and the UR Mall...

Any thoughts on SPG vs. CSP

One downside I can think of is having two Amex cards as my primary cards, I would have to carry around a Visa or MC just in case. Most likely HA Visa as we live in Hawaii and can transfer Hawaiian miles to Delta.
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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djrez4
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Postby djrez4 » Wed Dec 25, 2013 6:37 am

Shift your thinking. Points are all about redemptions. Earn points with a planned use. Otherwise, you'll never get the most out of them. If your travel plans work better with SPG points, SPG points are more valuable to you. If UR works better, earn UR.
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MemberSince99
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Postby MemberSince99 » Wed Dec 25, 2013 9:26 am

I agree you'll want to carry a Visa or MC with you. Some places just don't take Amex.


Besides that there is always a possibility (albeit small if you don't do crazy stuff) of F/R with Amex which could leave you without credit without notice. Not to mention an even smaller chance that the Amex network could have issues (any of them can so having a card on another network gives you another option).


So that's good thinking.

thom02099
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Postby thom02099 » Wed Dec 25, 2013 5:05 pm

rockyrock wrote:Today I went from 13 open accounts to 11.


If I were in your shoes, the annual fees would be a determinant. IF you can justify the AF, any of the AF, then keep the card. If not, then cancel.
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rockyrock
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Postby rockyrock » Wed Dec 25, 2013 6:18 pm

djrez4 wrote:Shift your thinking. Points are all about redemptions. Earn points with a planned use. Otherwise, you'll never get the most out of them. If your travel plans work better with SPG points, SPG points are more valuable to you. If UR works better, earn UR.


I hear what you are saying. I am going through a major shift right now and on the other side I will no longer be traveling for work. I will also move from Hawaii to the mainland so I won't be flying as much. My points will primarily be earned and used for leisure travel. I will just have to wait and see what program will work better for my situation.
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

rockyrock
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Postby rockyrock » Wed Dec 25, 2013 6:22 pm

thom02099 wrote:If I were in your shoes, the annual fees would be a determinant. IF you can justify the AF, any of the AF, then keep the card. If not, then cancel.


This is exactly why the Amex Plat is on the block. As I will no longer be traveling for work, I won't have occasion to utilize the travel benefits hat come with the card. I thought I would just PC to PRG but I don't even think I can justify that...only if I ditch the CSP.
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

DavidNY
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Postby DavidNY » Wed Dec 25, 2013 7:22 pm

djrez4 wrote:Shift your thinking. Points are all about redemptions. Earn points with a planned use. Otherwise, you'll never get the most out of them. If your travel plans work better with SPG points, SPG points are more valuable to you. If UR works better, earn UR.


This .



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