AMEX or Chase Freedom or Chase Sapphire Preferred?

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
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nowipaco
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Location: MI

Postby nowipaco » Fri Mar 27, 2015 8:49 am

Michael wrote:
To build Ultimate Rewards between the two Chase cards is why I got CSP in the first place.

Any opinions?


I found myself in a very similar dilemma when I was trying to figure out if I should use my Chase duo of cards to earn UR or if I should use my AmEx duo of cards to earn MR points. I have pretty much come to the conclusion that I'll use whichever card gives the most points back, regardless of the issuer. But for my wife's sake, I simplified it to just the AmEx cards because they pertain more to most of her spending. I always pay for dinner on the CSP so she would really never use the Chase duo. The gas, groceries, and travel are more of what she uses most often, so she carries the PRG as her card almost always.

AmEx ED: $4500 (02/15)
AmEx PRG: NPSL (02/15)
AmEx SPG: $2000 (06/15)
Capital One QS: $3250 (02/13)
Marriott: $5000 (01/16)
Ritz Carlton: $13,500 (09/15)
TCL: $34,750 (Some not shown above)

22 y/o student


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Vattené
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Postby Vattené » Fri Mar 27, 2015 9:04 am

I would build up UR if I were you, especially after just getting the CSP. Many can get more than $0.015/UR anyway. Of course it depends on how specifically you would redeem UR, but if it were the case for you then the CSP + Freedom combo would be a clear frontrunner over QS. The bonus categories for each and the ability to transfer points makes the combo a powerful one.

Maybe you'd prefer the straight 1.5% from QS (you like cash back, you like a conservative known rewards return over an unknown return to be determined in the future, etc.). If so there is nothing wrong with using QS for uncategorized spending, but if you're not racking up UR or planning on transferring to a partner, is there really any benefit in having a CSP for a $95 AF?

Whatever you do, make sure to put enough of your spending on the CSP to at least get the introductory bonus.


EDIT: I was amused at what Michael, nowipaco, and I have in common. My wife also doesn't like the complexities of the rewards game. I would like to add more down the road (like a straightforward Sallie Mae for gas or eventually another, more simple card for travel like an Arrival+ or Discover it Miles), but it might drive her crazy. We only have two major cards in rotation now, but she's resigned to just going along with it and using whatever I tell her. She just wants me to be the one to worry about it and make sure we never pay interest.
-Vattené
FICO-8: EX - 827 (5/17) | TU - 824 (5/17)
My Cards: Barclay Arrival+ | Discover it | Amex ED
AU:: Discover Miles | BofA BBR | Barclay Commence (SD'd)

Michael
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Location: Illinois

Postby Michael » Fri Mar 27, 2015 10:56 am

Vatttene and Nowipaco:

I even give my wife a little 'cheatsheet,' wherein I write down what to use for what.

Adding Cap One to the wallet would make three Visas for her to use. Too much hassle for her. Plus, Nowipaco, you are right - why pay $95 and not use the card (CSP) instead to build UR points?

I am a little pissed because all I could get was a Limit of $7500, but my Chase Freedom has a Limit of $56,500 (14 years of combining trade lines such as AARP, BP, Perfect Card, Speedway, IHG, etc.)

My wife doesn't care about credit cards, and I am hooked on them (but I always pay in full each month).

It is nice to find 'like-minded' souls !

I am retired, and have lots of time to fiddle with credit cards !!

I like this forum, since I can talk to people who love credit cards and rewards.

MIchael

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CarefulBuilder14
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Location: United States

Postby CarefulBuilder14 » Fri Mar 27, 2015 1:13 pm

I'd drop the Quicksilver. If you travel a lot, you should have plenty of opportunities to redeem UR points for more than 1.5 cents per point in value, Also, once you get past the initial CSP bonus, it takes a fair amount of spending to produce a useful number of UR points.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

Curlyp
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Postby Curlyp » Fri Apr 03, 2015 8:25 am

nowipaco wrote:I found myself in a very similar dilemma when I was trying to figure out if I should use my Chase duo of cards to earn UR or if I should use my AmEx duo of cards to earn MR points. I have pretty much come to the conclusion that I'll use whichever card gives the most points back, regardless of the issuer. But for my wife's sake, I simplified it to just the AmEx cards because they pertain more to most of her spending. I always pay for dinner on the CSP so she would really never use the Chase duo. The gas, groceries, and travel are more of what she uses most often, so she carries the PRG as her card almost always.


Sorry to hijack this thread - What does PC and PRG stand for? I am new to the rewards game and not sure what all the acronyms are.

amex007
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Postby amex007 » Fri Apr 03, 2015 9:52 am

Curlyp wrote:Sorry to hijack this thread - What does PC and PRG stand for? I am new to the rewards game and not sure what all the acronyms are.


product change and Premier Rewards Gold
Amex Gold NPSL | Amex ED 28500 | Barclaycard Arrival 17500 | Hyatt visa signature 5000
sockdrawer-- GM 4000 | Unionplus 2200
EX 795 EQ 786 TU 790

Curlyp
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Postby Curlyp » Fri Apr 03, 2015 10:31 am

amex007 wrote:product change and Premier Rewards Gold


Thank you very much.



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