Business School student, new setup

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6 posts
j89808
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Location: United States

Business School student, new setup

Postby j89808 » Mon Feb 11, 2013 2:06 am

So I am 23, and about to finish business school, and have been building a good amount of credit over the past 5 years. I would love thoughts and suggestions on my current cards and setup. I have been realizing more and more than AMEX MR and Chase UR are worth a lot more than Citi TY points, but it doesn't really seem to be any straight cash back/ MR/ UR cards that offer anything close to 5%/pts like Citi Forward does

My question becomes on if it is a good idea to open a CSP or upgrade my BCE to BCP. I tend to eat out more than buying groceries, so I am not sure if CSP would be my dining out card instead of citi forward.

AMEX PRG (Flights mostly)
AMEX BCE 3k (Groceries)
Chase Freedom 3k (Gas, CVS)
Citi Forward 4k (Night out)
BofA Cash Rewards Sig Visa 5k (Gas)
DiscoverIT 1k (Trying to build more credit so just running a 10% balance)
Amex: MB Platinum, PRG, BCE
Chase: Chase Sapphire Preferred, Freedom
Citi: Forward
CapitalOne: VentureOne
Discover: DiscoverIT
BofA: Cash Rewards (Visa Sig)

Mileage Bonuses: Delta Gold, Delta Platinum Business, British Airways


Money card
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Location: New York state

Postby Money card » Mon Feb 11, 2013 4:24 pm

you realize 1 thing the Chase Sapphire preferred has a 95.00 annual fee correct once the year is up they wave it for the first year.
you know the 2 points is only on dining and travel.
Capital1 has the venture card which gives 2 miles per dollar spent on everything. with a lower annual fee of 59.00 waved the first year.
if you don't buy a lot of grocery's I wouldn't up grade that Blue cash card being the preferred has a 75.00 annual fee. I would leave the basic blue cash card alone.
If I was you I would just use what cards you have. Being you have 6 cards, they are very nice cards.
your doing fine.

cashback
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Location: NY

Postby cashback » Mon Feb 11, 2013 6:12 pm

MR and Chase UR points are worth more than Citi TY points if you compare them point to point, but you have to consider how many points you're getting. Amex and Chase do not offer 5x points on the purchases your Forward does. I would continue to use the Forward for dining out as you only get 2x points wiht CSP. 5TY points > 2 UR points.
Credit Cards
Amex BCE 25K ---- PenFed Platinum Rewards 15.5K --- US Bank Cash+ 12K --- Discover IT 6K --- Citi Dividend 5K --- Chase Freedom 12.5K --- Amex SPG 6K --- Citi Thank You Preferred 15K

Not Used
Citi Simplicity - 5K, Sam's Club Discover - 10K

Future Cards
Sallie Mae World Mastercard

FICOs
Exp 772 - TU 781 - Equ 781

j89808
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Location: United States

Postby j89808 » Wed Feb 13, 2013 11:41 am

Hey guys thanks for all of the advice. I think later on down the road (a year or so from now) I will get the Chase CSP, but as for now, I dont think I would comfortable meet the 3k spend. (I may only use the CSP to convert whatever points i make on the Chase Freedom).
Amex: MB Platinum, PRG, BCE
Chase: Chase Sapphire Preferred, Freedom
Citi: Forward
CapitalOne: VentureOne
Discover: DiscoverIT
BofA: Cash Rewards (Visa Sig)

Mileage Bonuses: Delta Gold, Delta Platinum Business, British Airways

kcarter609
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Location: VA

Postby kcarter609 » Wed Feb 13, 2013 5:06 pm

j89808 wrote:Hey guys thanks for all of the advice. I think later on down the road (a year or so from now) I will get the Chase CSP, but as for now, I dont think I would comfortable meet the 3k spend. (I may only use the CSP to convert whatever points i make on the Chase Freedom).


If you apply in branch, it's only $2k. Just make sure to verify that with the banker before you apply.

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

j89808
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Posts: 10
Joined: Mon Feb 11, 2013 1:52 am
Location: United States

Postby j89808 » Thu Feb 14, 2013 7:22 pm

I definitely would do that. (I'm always in for higher rewards/spend, i think in this case it would be 25% relatively.

However, I'm in Boston so that probably won't work. I think for now I will just utilize my PRG card. and then in a few months get the CSP card.
Amex: MB Platinum, PRG, BCE
Chase: Chase Sapphire Preferred, Freedom
Citi: Forward
CapitalOne: VentureOne
Discover: DiscoverIT
BofA: Cash Rewards (Visa Sig)

Mileage Bonuses: Delta Gold, Delta Platinum Business, British Airways



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