Barclay vs COV vs Chase preferred?

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kokodile
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Barclay vs COV vs Chase preferred?

Postby kokodile » Tue May 16, 2017 11:01 am

Hi, everyone. This my first post on this forum and I was hoping to get some advice on which credit card would be best in my situation.

My husband and I want to take a trip within the next year or 2 to Thailand. We don't travel too frequently, but will usually try to plan something every couple years or so, either domestically or internationally. These are some of the cards I've heard about and what I think of them.

- The Barclaycard Arrival+ is really appealing, but I was reading in an article that said that this one is good if you would like to travel internationally (which we do), and if you would spend at least $30,000 on it (which we would not do). Also, I love the 2x points on all purchases because the main thing we spend money on are monthly payments like car insurance, health insurance and the occasional clothing/Amazon item. And for this card, I like that we can purchase flights on any website.

- The Chase Preferred looks appealing as well, especially taking into account that my husband has the freedom unlimited and I've heard good things about pairing the two. However, I have heard that the Chase portal must be used to purchase and book flights and their prices are typically higher than what you can find on other websites. This was a huge turnoff for me.

- Then I found the Capital One Venture card. I like its lower annual fee, and that it still does 2x points on everything. However, that same article only suggested this one if you are travelling domestically. The big turnoff for me for this one was that they pull credit reports from all three bureaus. I really don't like that.

So like I said, we are not huge spenders, but would like to rack up points while we can on things we have to pay anyway and it could really help us out on our trip to Thailand.

I do also care about the initial bonus miles if you spend "so and so" amount of money, but all three seem to be fairly similar, except for the COV which I think it's just a little less bonus than the other two.

If you have any other suggestions of cards, or any other questions I need to answer for you to help me best, please let me know.


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CreditCardSage
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Re: Barclay vs COV vs Chase preferred?

Postby CreditCardSage » Wed May 17, 2017 9:36 am

You might look into the Starwood Preferred Guest credit card. I see it as the Swiss army knife of travel cards. We wrote a review here: http://bit.ly/2rfrcAG

You can also do a comparison of different travel rewards cards here: http://bit.ly/2pWaDoC

Hope this helps!

Would love to hear what the forum recommends!

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kcm7
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Re: Barclay vs COV vs Chase preferred?

Postby kcm7 » Wed May 17, 2017 9:47 am

With the Chase Sapphire Preferred you can also transfer directly to airlines. You don't have to use your rewards as cash in the portal.

Any idea which airline you'd be taking? And whether they are a Chase transfer partner/in the alliance of a partner?

If you are looking for low effort, then the Arrival or Venture (or Chase portal redemptions) would be better. Not sure why anyone said the Venture was better for domestic and the Arrival was better for international. All you're doing is using your points as cash toward a ticket. Doesn't matter where that ticket goes.

And, yeah, the Starwood card will let you transfer to airline partners, but you're only earning 1 pt/dollar on all your regular spending, so it'll take you forever to get enough points unless you stay at Starwood a lot.
Cards:

-Capital One Quicksilver
-Barclaycard Arrival (no AF)
- US Bank (no rewards)
-IHG

kokodile
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Re: Barclay vs COV vs Chase preferred?

Postby kokodile » Wed May 17, 2017 1:58 pm

kcm7 wrote:With the Chase Sapphire Preferred you can also transfer directly to airlines. You don't have to use your rewards as cash in the portal.

Any idea which airline you'd be taking? And whether they are a Chase transfer partner/in the alliance of a partner?


Are the points still worth the same if I transfer them directly to airlines? I read that booking through Chase you actually get 20% more for your points.
Not sure which airline but we usually book our trips through Expedia. We recently went to Hawaii and made sure to read reviews on different airlines. Ended up taking Virgin and then Hawaiian.
I've seen a list of different airlines they offer through the Chase portal but it just didn't seem like that many.
However, after posting in multiple forums, many people have said the value of Chase points is much greater than other points. So we applied for the Chase preferred today and got the message to wait 30 days for further review.

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kcm7
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Re: Barclay vs COV vs Chase preferred?

Postby kcm7 » Wed May 17, 2017 4:29 pm

kokodile wrote:
Are the points still worth the same if I transfer them directly to airlines? I read that booking through Chase you actually get 20% more for your points.
Not sure which airline but we usually book our trips through Expedia. We recently went to Hawaii and made sure to read reviews on different airlines. Ended up taking Virgin and then Hawaiian.
I've seen a list of different airlines they offer through the Chase portal but it just didn't seem like that many.
However, after posting in multiple forums, many people have said the value of Chase points is much greater than other points. So we applied for the Chase preferred today and got the message to wait 30 days for further review.


Good luck with approval. It's a great card.

Regarding your question about airline transfers: Chase UR points are worth different amounts depending on how you use them, but they have the *potential* to be worth more if you transfer to airline partners, even though you do get a 20 percent bonus when redeeming through the portal.

That's because, in the portal, your per-point value is tied to the cash value of the ticket. But, when you transfer to the airline, it's tied to whether they have saver fares available. So maybe the flight is $400 in the portal, and with the 20 percent boost, you'd need to use around 33,000 miles. But maybe United has the same flight for 25,000 miles. So you'd be better off transferring your points directly to United instead of using the portal in that case. But the opposite could also be true -- which is why it's nice that UR gives you both options.

The difference becomes even bigger when you're booking biz/first class, since those have SUPER high cash prices.

Someone else can probably explain all this better than I am.

And even though Chase doesn't have that many airline transfer partners, keep in mind that those airlines are part of alliances. So if you transfer to United, you can also redeem those miles on other airlines that are Star Alliance members.

If you would otherwise use Expedia, your'e probably trying to keep things simple, so you'd probably be more likely to use Chase's portal. But the card would still give you the potential to make transfers to airline miles if you decide to give that a try one day.

And the portal doesn't exactly suck. Someone was just posting the other day about the crazy-good value they got booking through the portal to get to Norway.
Cards:

-Capital One Quicksilver
-Barclaycard Arrival (no AF)
- US Bank (no rewards)
-IHG

TXviking
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Re: Barclay vs COV vs Chase preferred?

Postby TXviking » Wed May 17, 2017 10:10 pm

kcm7 wrote:And the [Chase] portal doesn't exactly suck. Someone was just posting the other day about the crazy-good value they got booking through the portal to get to Norway.


That was me. 66K UR points round trip DEN-OSL-MIA on Lufthansa (the DEN origin is to fit with other travel plans that summer.) And yes, I'm stoked. :cool:

That said, there are many times I get prices quoted out of the portal that almost feel like they're 20-50% higher than Expedia/Kayak/other travel sites. I have at times wondered if Chase inflates prices in the portal so they can trick you into feeling like you're getting a discount.

That said, there are good deals. You just have to put some effort into redemption. When I book travel, I'll usually check the Chase portal, cash prices and frequent flyer miles required for the same trip. Based on that, I decide whether to book through the Chase portal, transfer miles to some partner, or pay cash for the trip and save the points/miles for another day. That strategy has worked for me, but I won't lie: It's definitely more work than putting together an itinerary on your favorite travel site and clicking "buy it now".

kokodile
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Re: Barclay vs COV vs Chase preferred?

Postby kokodile » Thu May 18, 2017 11:38 pm

kcm7 wrote:
Good luck with approval. It's a great card.

Regarding your question about airline transfers: Chase UR points are worth different amounts depending on how you use them, but they have the *potential* to be worth more if you transfer to airline partners, even though you do get a 20 percent bonus when redeeming through the portal.

That's because, in the portal, your per-point value is tied to the cash value of the ticket. But, when you transfer to the airline, it's tied to whether they have saver fares available. So maybe the flight is $400 in the portal, and with the 20 percent boost, you'd need to use around 33,000 miles. But maybe United has the same flight for 25,000 miles. So you'd be better off transferring your points directly to United instead of using the portal in that case. But the opposite could also be true -- which is why it's nice that UR gives you both options.

The difference becomes even bigger when you're booking biz/first class, since those have SUPER high cash prices.



Thanks! My husband received an email today saying that a new card was mailed, but not sure if it's the CSP or a second FU card seeing as how he added me as an authorized user on that one and we have yet to receive it. Really hoping it's the CSP though. Was just now researching about how much people typically make when they're approved for CSP. Since we're both still college students, we don't work that much and make maybe around $13,000-15,000, but our rent is super cheap, luckily. So I'm really crossing my fingers.

So basically your points are just worth more if you book through the Chase portal except for in certain instances? Well, that's pretty cool. We'll also look into first class tickets. Might be a bit pricey seeing as how we'd be flying international, but we'll see!

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kcm7
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Re: Barclay vs COV vs Chase preferred?

Postby kcm7 » Fri May 19, 2017 9:59 am

kokodile wrote:
So basically your points are just worth more if you book through the Chase portal except for in certain instances? Well, that's pretty cool. We'll also look into first class tickets. Might be a bit pricey seeing as how we'd be flying international, but we'll see!


More like, the value of your points varies depending on how you redeem. I'd say, "Your points can be worth much more if you transfer to the airlines, but you can also get a good value in the portal. So check ALL your options before redeeming your points."

Also: Chase *wants* you to redeem in the portal (hence the 25% boost and the fact that it heavily advertises this option). So ask yourself why it's pushing you toward that option more than it encourages airline transfers ....
Cards:

-Capital One Quicksilver
-Barclaycard Arrival (no AF)
- US Bank (no rewards)
-IHG

kokodile
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Re: Barclay vs COV vs Chase preferred?

Postby kokodile » Tue May 23, 2017 11:49 am

kcm7 wrote:
Good luck with approval. It's a great card.



Bad news. Got the letter today that he was denied. He tried calling the Chase recon line, but the representative basically stated the same reasons that were in the letter we received. Not enough accounts open to establish credit history, and accounts aren't open long enough to establish credit history. I have to admit though, my husband wasn't very convincing on the phone. He stutters and says uhm a lot, which I don't think looks good. The representative just seemed like he didn't want to help right off the bat. What do you think we should do? Should he call again? And what should he say? Our credit limit for the FU is only $3300 because we don't make that much money. I was thinking he could offer to move some of his limit from FU to Preferred if that would help.

Tubpbs
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Re: Barclay vs COV vs Chase preferred?

Postby Tubpbs » Tue May 23, 2017 8:02 pm

kokodile wrote:
kcm7 wrote:
Good luck with approval. It's a great card.



Bad news. Got the letter today that he was denied. He tried calling the Chase recon line, but the representative basically stated the same reasons that were in the letter we received. Not enough accounts open to establish credit history, and accounts aren't open long enough to establish credit history. I have to admit though, my husband wasn't very convincing on the phone. He stutters and says uhm a lot, which I don't think looks good. The representative just seemed like he didn't want to help right off the bat. What do you think we should do? Should he call again? And what should he say? Our credit limit for the FU is only $3300 because we don't make that much money. I was thinking he could offer to move some of his limit from FU to Preferred if that would help.


Calling again can't hurt but it may not make a change either. Always worth a try though in my opinion.
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