Changing Directions - Thoughts

For just about anything you want to get off your chest about credit cards.
6 posts
Obi-dan
Centurion Member
Centurion Member
 
Posts: 190
Joined: Fri Aug 02, 2013 2:35 pm
Location: Houston, TX

Changing Directions - Thoughts

Postby Obi-dan » Thu Mar 27, 2014 12:52 am

So I just applied for and got instant approval for the CSP. My hope this will be the one card to rule them all.

That card was my AMEX PRG but since the United / Continental merger I have eventually not been able to transfer points from AMEX to my One Pass (now stupid United Plus) account. So a while back I got a United Card and a S.W.A. Card (this one for the bonus) since those two airlines dominate out of Houston. However, I am happier to have one card to transfer points from i.e. the CSP. Also, will try to move lines from closed cards to CSP.

The plan now is to close the AMEX PRG, the United and SWA due to fees.

Keep the Marriott as we stay there a lot and always use the free night and keep the NF Hilton because if we don't stay at Marriott it will it will probably be at Hilton.

Close the Capitol One after I spend bonus miles. Keep Barclays Arrival. Both of these are no fee version and Barclay is only MC I have. I don't totally know why that makes a difference but it is what it is.

I want to keep the AMEX BCE to maintain the 20 year relationship and will probably keep the others open just for sake of the AAoA and and Utilization plus that they have no annual fees. Also keeping the Freedom to pair with the CSP.

I should state here, the main goal is to travel via United and SWA and stay in Marriott as it is our favorite chain.

Thoughts? Is this logical? Feedback appreciated.
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)


Patcell87
Platinum Member
Platinum Member
 
Posts: 61
Joined: Fri Mar 14, 2014 4:55 am
Location: Bergen County, NJ

Postby Patcell87 » Thu Mar 27, 2014 6:17 am

I'm fairly new here, but in my opinion the CSP/ Freedom combination is pretty much the best you can do... I too was a PRG holder, but the benefits of the CSP, especially for travel, are just as good if not better than PRG. All for considerably less of an annual fee. Almost all of by spend goes on the CSP/ Freedom and the points add up very quickly with the bonus categories. I too fly mostly United and stay at Marriott quite often, and the 1:1 transfer is quick and easy through UR. I do not have the Marriott card, but I've been considering it as the free night more than covers the annual fee.

I once swore by Amex, but Chase has one me over with the CSP...

haikuginger
Centurion Member
Centurion Member
 
Posts: 129
Joined: Wed Feb 08, 2012 8:09 am
Location: Norman, OK

Postby haikuginger » Thu Mar 27, 2014 7:57 am

CSP/Freedom is a fantastic combo. I might also upgrade the BCE to the BCP to capture more cashback on groceries as well as gas when it's not on the Freedom's calendar. It doesn't take much spending for the upgrade to be worthwhile for groceries alone.

As for the Marriott card, it might be worth closing. If you stay often enough and in different enough places that the annual free room certificate is worth the annual fee, then keep it, but if you're struggling to make use of it, then it's time to shut it down.

takeshi
Centurion Member
Centurion Member
 
Posts: 1733
Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Postby takeshi » Thu Mar 27, 2014 8:15 am

Obi-dan wrote:Thoughts? Is this logical? Feedback appreciated.

You have to do what works for you. I have several UR cards and the UMPE (and no MR cards) since I'm also in Houston. Don't care for SWA so I haven't had any interest in their card.

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

Postby rockyrock » Thu Mar 27, 2014 8:27 am

I think it sounds like a good plan. Closing cards you don't use is a good plan as it consolidates your point gain. I have too many cards to choose from when I travel; it does maximize my earning but requires a lot more creativity when I try to cash in on my points and miles.

The CSP is a good card when it comes to travel as you get more points for transportation, lodging and dining. I keep the Marriott card for the same reason but will be closing my SPG later this year.

Good luck!
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

Obi-dan
Centurion Member
Centurion Member
 
Posts: 190
Joined: Fri Aug 02, 2013 2:35 pm
Location: Houston, TX

Postby Obi-dan » Thu Mar 27, 2014 10:48 am

Thanks for the feedback everyone. Sometimes it's nice to get a second set of eyes on a thought process.
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)



Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 2 guests