Advice on Gas and Amazon

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iggy05
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Advice on Gas and Amazon

Postby iggy05 » Tue Sep 16, 2014 10:17 pm

Hey all,

I have started out with my first rewards card last year being the Amex PRG card and I found out I technically don't spend enough to make it worth my while so I am going to drop it before the Fee that would kick in November.

So far I like Amex itself and wanted to stay so I decided on the Amex ED card (not the Preferred) to replace it but I am looking for something that will help with gas and Amazon. Coming December I am expecting my first baby and plan on taking full advantage of the Amazon Mom perks and besides that I usually do occasional purchases as it is. I did as much research as I could in the past three days and it seems that the Salli Mae card is the best overall bet as of right now but I wanted to see if there are any other thoughts on this... As far as Gas I generally am just an average spender but would be more just nice to have.

The other option that I liked is to go with the Freedom card for now and look into the farther feature to go CSP. As of right now I tend to like points better but I am also thinking I might not be traveling as much once the baby comes so I am not totally against cash back. The only thing is Amazon is only good for one quarter and I think I would like something to cover the rest of the year. Thanks all for any input. :D


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CarefulBuilder14
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Postby CarefulBuilder14 » Wed Sep 17, 2014 10:16 am

I'd get the Sallie Mae before getting the Freedom or CSP.

I am not totally sure which Amazon purchases, other than physical books and kindle books, qualify for the 5%. I haven't bought anything other than books from Amazon for a long time. I've heard some people will send gift cards to themselves on Amazon, have the gift card purchase count for the 5%, and then use the gift card to get whatever they want on Amazon. I don't know if that still gets the 5%.

I might give both variants a try, and I will pass along my findings.

I definitely find Sallie Mae to be a useful card. I don't know how they stay profitable, though, with many customers paying in full and getting 5% cash back on all purchases on the card. It's not that easy a card to get, so most customers probably have a different card that beats a simple 1% for spending on other categories.

Wishing you and your baby the best!
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

iggy05
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Postby iggy05 » Wed Sep 17, 2014 8:36 pm

Thanks for the advice as I was thinking the same way but I wanted a second opinion. I went ahead and applied and I was approved! I am not 100% positive on what my score was but I know it is 760+ so that probably helped. Thanks for the advice.

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CarefulBuilder14
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Postby CarefulBuilder14 » Wed Sep 17, 2014 9:52 pm

Congrats on getting the card! The one surprising downside of the card is that Barclaycard has a reputation for taking their time as far as actually mailing it to you. Don't be surprised if it doesn't arrive until the 29th or 30th.

But saving 5% on a lot of those baby expenses will be great!

I was approved with a 731 and got their highest APR (22.99% after a year at 0%) and a low CL ($4,500). It isn't an issue when I pay in full every other week and never have my balance get over $500 or $600, but I hope a 760 got you better (nominal) terms!
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

DGenerateKane
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Postby DGenerateKane » Thu Sep 18, 2014 2:12 am

Everything either sold by or fulfilled by amazon counts. You can buy gift cards to use with 3rd party sellers to get 5%.

takeshi
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Postby takeshi » Thu Sep 18, 2014 10:10 am

iggy05 wrote:The other option that I liked is to go with the Freedom card for now and look into the farther feature to go CSP. As of right now I tend to like points better

Have you actually reviewed the details regarding the UR program or are you just assuming that points are better? Points can be worth more but you generally need to make sure you can utilize the transfer partners and that you have sufficient spend so your points aren't just sitting around for a long time which increases the risk of redemptions being nerfed.

iggy05 wrote:As far as Gas I generally am just an average spender

Be careful just assuming that you're "average". Everyone assumes that they're average.

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CarefulBuilder14
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Postby CarefulBuilder14 » Wed Sep 24, 2014 11:49 am

An update from my use of the card:

Buying physical books earned me 5%.

Buying a Kindle book only earned me 1%. The Sallie Mae website said 'Amazon.com' was a book store, but 'Amazon Services-Kindle' was a record shop.

So it is not the case that all Amazon purchases earn 5%. The physical book purchases were much larger than the Kindle books, so I'm still pretty satisfied with the card.

The Freedom and It might be better in the 4th quarter, unless they only give 5% to certain 'sub-merchants' within Amazon.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

iggy05
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Postby iggy05 » Sat Sep 27, 2014 12:09 pm

Thanks for all the advice. I am still green when it comes to points but I have been doing my research over time on what is best and what I can do. I probably will be using the card for the cash back for now as I am kind of in the dark as far as how a baby is going to impact the finances. I usually research everthing when it comes to everything (renting, buying house, ect) but it seems to come down to the individual baby so it will be a interesting aventure when it comes to finances. :)

I did very well on the card and I got the card as you said on the 29th. CLI was a wopping 12.5K and rate was 13.99 but I always plan to pay it right away. Funny thing is Amex only gave me a 2k limit on the everyday card but I don't totally care.

As far as what I consider average on gas I am about 14,000 miles per year and with a car that runs about 26MPG year round I am guessing around $1,800 - $2,000 a year in gas. I still find myself looking at other cards but for now I will wait and see how these play out for right now.



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