What's your Christmas credit card spending strategy?

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Mogul of Pineapples
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What's your Christmas credit card spending strategy?

Postby Mogul of Pineapples » Fri Nov 05, 2010 6:46 pm

As I mentioned in another thread I am using my $50 bonus on spending of $2,600 before Dec 31st for my Amazon card. Almost every credit card is running some sort of promotion during the holidays to get you to use their card for shopping. What offers are you taking advantage of for the season?

One offer that is noticeable absent this year is the $20 Discover gift card for $200 spending at malls. That was a great offer and I wish Discover would bring it back.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred


jeffysdad
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Postby jeffysdad » Sat Nov 06, 2010 7:31 am

Hey, MoP. My only strategy is to buy presents only for myself and give a few bucks to charity. Screw the rest of them.

On that Amazon offer, as it turns out I did get it, too. It came almost a month late, end of October for a fourth quarter promotion. I think I need to spend $1,600 to get another 2,500 points, which amounts to a $25 gift certificate at Amazon, so it's a little different from yours. I'm not going to make it, though, because it's grocery quarter over at Freedom and 5% at restaurants from Discover.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).

*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.

infomaniac
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Postby infomaniac » Sun Nov 07, 2010 5:10 pm

I have not received any of the Christmas credit card promotions mentioned. What I have received is a double cash back for online purchases from Discover. The problem is yearly spending below $3,000 earns 0.25% and I am still at that level. Doubling that to be 0.5% is less than all my other credit cards give.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Wed Nov 10, 2010 2:31 am

jeffysdad wrote:Hey, MoP. My only strategy is to buy presents only for myself and give a few bucks to charity. Screw the rest of them.


Ha! Doesn't sound like a bad idea!

In all seriousness I don't even understand the whole over-consumerism around the holidays. To celebrate the true spirit, charitable giving would be better than whatever today's version of the useless tickle-me-Elmo version is that is just forgotten about after a few days.

That's interesting your offer was only for $1,600. Maybe I was sent a better offer because I hardly ever use my Amazon card and they figure it needs to be a really tempting offer. Your offer equals out to be an additional 1.56% back, making it 2.56% total rebate when you take into account the normal 1%. Still a great deal but if it's that or the 5% on Freedom and More it's an easy choice.

Speaking of More I wish the ceiling wasn't at $300 this quarter and infomaniac makes an excellent point for those in the under $3,000 tier.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

rightmindedUSA
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Postby rightmindedUSA » Wed Nov 10, 2010 9:43 pm

I will be using my new Discover More for its 5% this quarter at department stores. Aside from that all other purchase will go one my 1 pt. per dollar Bank of America credit card. I have received no such promotions in the mail for my cards.

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Cucumber
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Postby Cucumber » Fri Nov 12, 2010 4:28 pm

I wish I spent enough to take advantage of the Discover $250 offer

:(
OBAMA
Stop talking crap about him!

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Mogul of Pineapples
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Postby Mogul of Pineapples » Sat Nov 20, 2010 5:09 pm

I just discovered the Citi Dividend is doing 5% at department, clothing and electronics stores thru Dec 31st. A bit surprised to see that because I have all but gave up on my Dividend card ever since the gas/grocery/drugstore rebate was cut out.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred

JL70
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Postby JL70 » Sun Nov 21, 2010 6:49 pm

Mogul of Pineapples wrote:As I mentioned in another thread I am using my $50 bonus on spending of $2,600 before Dec 31st for my Amazon card. Almost every credit card is running some sort of promotion during the holidays to get you to use their card for shopping. What offers are you taking advantage of for the season?

One offer that is noticeable absent this year is the $20 Discover gift card for $200 spending at malls. That was a great offer and I wish Discover would bring it back.


Well, I have roughly a $600 modest budget for family gifts, starting putting money aside since September. My strategy will be put all my purchases on my Blue Cash, so they can add up to get to the 5% cash back tier. Then PIF along with my other Grocery, Gas and Bills that I'm using the Blue for.

infomaniac
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Postby infomaniac » Thu Nov 25, 2010 10:35 am

I received an email for another Chase Freedom card promotion.

This weekend..... 8% cash back back through the bonus points mall at some stores through the end of the weekend.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Sun Nov 28, 2010 10:16 pm

JL70 wrote:My strategy will be put all my purchases on my Blue Cash, so they can add up to get to the 5% cash back tier


When does your 12 month anniversary start?
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred



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