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  1. #1
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    Default Is it addicting?

    I had been shut out of the exclusive world of credit cards for so long, that now that I am accepted, I find getting those approvals to be somewhat addicting. I need to stop.

    I started because I had an ex roomate who had me on his costco card drop me after a couple years of never seeing or talking to him. I then applied for my own costco card and they told me about the credit card. It sounded like a good deal and even though I thought I would get rejected, I got it.

    Just a couple months later, I started thinking about credit and how it could help me. One way was I was an AU on a BestBuy account where the interest was killing us, so I applied for a Chase Freedom to transfer the balance, and I got approved! But was told since Chase holds our Best Buy account I couldn't transfer over, so I applied for and was accepted to the Discover More program and will be transferring that BB debt to that card.

    I then wanted to receive the 5% on gas all the time that PenFed offers, so I applied and really didn't think I would get it because of the strict requirements...but I did and it is now my highest CL yet!

    But, now I find myself looking for more cards even though I don't need them. Cards that just look good just to add to my wallet, or cards with exclusivity just to prove I can get them. I really think this is from all those rejections even just 4 years ago. I remember probably 6 years ago getting rejected for a mall clothing store card. That was embarrassing.

    Is it just me? Is anyone else in the same boat. I am done with the apps for at least a year, more like two, but for a while there, it was getting intoxicating, can anyone relate?
    In My Wallet
    American Express True Earnings (($2,000)) Aug '12
    Chase Freedom Visa (($3,000)) Dec '12
    Discover More (($3,000)) Dec '12
    PenFed Platinum Cash Rewards (($7,000)) Dec '12
    Amex Blue Cash Everyday (($3,500)) Dec '12
    U.S. Bank Cash Plus (($10,500)) Dec '12
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  2. #2
    Centurion Member
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    Default

    It is addicting. It's fun to get approved and see how much you are approved for. It's also fun to find different ways to maximize rewards from the cards. I'm not applying for anything anytime soon, but I venture to say that I hve the best possible cards on the market. I believe the only card I am missing is the Chase Freedom and a 2% on everything card.
    Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
    Plane tickets: CSP
    Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
    Clothes: Express, Amex BCP, Discover IT
    Amazon: Citi Forward, Cash +
    Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
    Hotels and other travel: Discover Escape, CSP
    Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
    Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
    Balance transfers: Kroger 123 rewards
    Bill Pay: Chase Ink Plus, Citi Forward
    Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
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  3. #3
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    Default

    Is Citi Forward the only one TY you have (or are you not listing the others as they are not used for purchases)? Thank You Preferred to boost the value of the Forward TY points.

    Too late to get the freedom for the 10+10, so you probably don't need the other widely praised card, Chase Sapphire Preferred.
    Others would add the various Citi AA cards for the bonus application miles, same for US Airways etc. So, still more to really complete the collection!
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  4. Platinum Member
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    Default

    Can definitely be addicting...Always searching for a better card to maximize rewards and increase total CL. Also, trying to get in with the major companies. I still need to apply for an AMEX, but my inquiries have climbed this year...I don't want to wait much longer for backdating purposes, but I may have to sit for year still...
    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
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  5. #5
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    Default

    I guess I didn't do too good at not app'ing for a while. I applied for and was approved for 2 more cards, but had good reasons (I think) for both.

    What I am trying to do is assemble a 5% web for ALL PURCHASES.

    I now have 5% on

    Gasoline - - PenFed platinum cash rewards
    Internet/TV/car insurance/electric/gas - - U.S. Bank Cash+
    restaurants - - U.S. Bank Cash+
    rotating - - Discover More (soon to be IT)
    rotating - - Chase Freedom

    The last one I want is Citi Forward for the 5% on restaurants, movies and Amazon. Then I can choose a different category with Cash+ like hotels or airlines, and then I will be done FOR SURE......probably
    In My Wallet
    American Express True Earnings (($2,000)) Aug '12
    Chase Freedom Visa (($3,000)) Dec '12
    Discover More (($3,000)) Dec '12
    PenFed Platinum Cash Rewards (($7,000)) Dec '12
    Amex Blue Cash Everyday (($3,500)) Dec '12
    U.S. Bank Cash Plus (($10,500)) Dec '12
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  6. #6
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    Default

    Quote Originally Posted by icewater View Post
    I guess I didn't do too good at not app'ing for a while. I applied for and was approved for 2 more cards, but had good reasons (I think) for both.

    What I am trying to do is assemble a 5% web for ALL PURCHASES.

    I now have 5% on

    Gasoline - - PenFed platinum cash rewards
    Internet/TV/car insurance/electric/gas - - U.S. Bank Cash+
    restaurants - - U.S. Bank Cash+
    rotating - - Discover More (soon to be IT)
    rotating - - Chase Freedom

    The last one I want is Citi Forward for the 5% on restaurants, movies and Amazon. Then I can choose a different category with Cash+ like hotels or airlines, and then I will be done FOR SURE......probably
    That has been my goal. I want at least 3% on everything I do, and hopefully I can get 5%.
    Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
    Plane tickets: CSP
    Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
    Clothes: Express, Amex BCP, Discover IT
    Amazon: Citi Forward, Cash +
    Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
    Hotels and other travel: Discover Escape, CSP
    Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
    Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
    Balance transfers: Kroger 123 rewards
    Bill Pay: Chase Ink Plus, Citi Forward
    Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
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  7. #7
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    Default

    Quote Originally Posted by icewater View Post
    I guess I didn't do too good at not app'ing for a while. I applied for and was approved for 2 more cards, but had good reasons (I think) for both.

    What I am trying to do is assemble a 5% web for ALL PURCHASES.

    I now have 5% on

    Gasoline - - PenFed platinum cash rewards
    Internet/TV/car insurance/electric/gas - - U.S. Bank Cash+
    restaurants - - U.S. Bank Cash+
    rotating - - Discover More (soon to be IT)
    rotating - - Chase Freedom

    The last one I want is Citi Forward for the 5% on restaurants, movies and Amazon. Then I can choose a different category with Cash+ like hotels or airlines, and then I will be done FOR SURE......probably
    I'm sure you probably know this, but Forward is not a true 5% card like all the others you mentioned. It does give 5 points per dollar spent on those categories, but if its cash back you're after, stick with the Cash+ for 5% restaurants and the More for 5% movies. Thank you points are super stingy on most redemption values (especially cash back/statement credits), the main exception being for booking flights, and expire eventually unlike the rest of the others. It may be a good fit for you, but I thought so too at first.... sounded like an awesome and was disappointed once I got approved for and started using it. Don't get me wrong it has its uses and its ALRIGHT, but its not all its cracked up to be.
    Now she's eyeless.
    The snakes she held once
    Eat up her hands.
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  8. Centurion Member
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    Default

    Quote Originally Posted by hematino View Post
    I'm sure you probably know this, but Forward is not a true 5% card like all the others you mentioned. It does give 5 points per dollar spent on those categories, but if its cash back you're after, stick with the Cash+ for 5% restaurants and the More for 5% movies. Thank you points are super stingy on most redemption values (especially cash back/statement credits), the main exception being for booking flights, and expire eventually unlike the rest of the others. It may be a good fit for you, but I thought so too at first.... sounded like an awesome and was disappointed once I got approved for and started using it. Don't get me wrong it has its uses and its ALRIGHT, but its not all its cracked up to be.
    The redemption for department store gift crads is on point as well. I find that I still get bang for my buck because I'm a big Amazon shopper.
    Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
    Plane tickets: CSP
    Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
    Clothes: Express, Amex BCP, Discover IT
    Amazon: Citi Forward, Cash +
    Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
    Hotels and other travel: Discover Escape, CSP
    Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
    Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
    Balance transfers: Kroger 123 rewards
    Bill Pay: Chase Ink Plus, Citi Forward
    Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape
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  9. #9
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    Default

    Quote Originally Posted by hematino View Post
    I'm sure you probably know this, but Forward is not a true 5% card like all the others you mentioned. It does give 5 points per dollar spent on those categories, but if its cash back you're after, stick with the Cash+ for 5% restaurants and the More for 5% movies. Thank you points are super stingy on most redemption values (especially cash back/statement credits), the main exception being for booking flights, and expire eventually unlike the rest of the others. It may be a good fit for you, but I thought so too at first.... sounded like an awesome and was disappointed once I got approved for and started using it. Don't get me wrong it has its uses and its ALRIGHT, but its not all its cracked up to be.
    I actually did not know this. I didn't research it as well as the others. I just saw 5% and saw stars in my eyes. I think it could still work for me as I do take a flight or two every year. How long until the points expire?
    In My Wallet
    American Express True Earnings (($2,000)) Aug '12
    Chase Freedom Visa (($3,000)) Dec '12
    Discover More (($3,000)) Dec '12
    PenFed Platinum Cash Rewards (($7,000)) Dec '12
    Amex Blue Cash Everyday (($3,500)) Dec '12
    U.S. Bank Cash Plus (($10,500)) Dec '12
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  10. #10
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    Default

    The Forward app says TY points expire 5 years from the month they were earned. Not too bad, but personally I don't spend enough each year to redeem points for anything of value.
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