Best way to use my Freedom points?

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Members share tips and tricks for getting the most miles, & points.
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wyfei123
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Postby wyfei123 » Tue Sep 02, 2014 5:42 am

Transfer to CSP, use it as UR points!
Cards:
Chase Sapphire Preferred - 6K
Chase Freedom - 4.5K
Chase United MilagePlus Explorer - 5K
Amex Blue Cash Preferred - 10K
Amex Costco TrueEarnings - 7.5K
Citibank ThankYou Preferred - 6K
Citibank Forwards - 1.2K
Discover it for Student - 1.5K
Bank of America Cash - 1.2K
Bank of America Travel - 0.6K
Barclay Rewards - 1K


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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Sep 02, 2014 11:58 am

We don't know that the OP will be getting a CSP, although the signup bonus does look pretty generous. The OP might not want his or her AAoA to suffer if a card will only be open one year.

Likewise, we don't know how much spending will go through the Freedom. At light spending levels, it is just simplest to take cash.

With a CL of 8k on a Freedom, though, we can say the odds of getting approved for a CSP are probably high.

I will say Chase gift cards are not discounted nearly enough to consider getting. Take cash and buy gift cards for less on the open market, if you like.
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

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CarefulBuilder14
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Postby CarefulBuilder14 » Tue Sep 02, 2014 1:54 pm

Although, considering that this thread has a few different layers of dust on it, I'm sure the OP's situation may have changed by now.

But the point remains that with light spending and no discount on travel, cash or statement credits are usually best.
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

Troublemaker
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Postby Troublemaker » Tue Sep 09, 2014 10:26 pm

jsmiller wrote:Hello All, Newbie here. I just applied and was approved for the Chase Freedom. Since i'm new to the rewards card scene, what are the tricks/tips to maximize the rewards for Chase Freedom? I've read a little on buying gift cards but if anyone could elaborate on exactly how this is done I would greatly appreciate it.


There's no one right answer. It all depends on what you want/need.

If you are looking to make a purchase at a particular store then look up to see if there is a bonus rewards going on in UR.

If you are looking to book a vacation (and have the CSP) then you get 20% extra when booking via UR

And finally ... you can just pay back yourself. (Note: This doesn't count towards your minimum payment)

I have done it all and it has worked out just fine for me.
DoubleCash '99:10k / Freedom '07:11k / CU '11:15k / Slate '14:13k / Premier '15:10k / InkPlus '15:5k

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CarefulBuilder14
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Postby CarefulBuilder14 » Thu Sep 11, 2014 3:04 pm

zackdz19 wrote:I use my freedom points by transfering them over to my Sapphire Preferred and then to Southwest.


zackdz19, with whom I have had no previous contact, has sent me an unwelcome ad for an identity protection service as a private message. Does that violate some rule on here? I doubt I'm the only person who got it.

If the user and/or IP cannot be banned, is there a way to block messages from certain users?

Edit: I have found the 'Report Post' feature at the bottom of private messages and used it.
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

fixmycredit92
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Postby fixmycredit92 » Thu Sep 11, 2014 8:32 pm

I've applied for the Freedom four times but I've been denied each time. Hopefully I can get soon because it is a good compliment to my Discover It. I think they should have a secured Freedom card.

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otter
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Postby otter » Fri Sep 12, 2014 3:24 pm

fixmycredit92 wrote:I've applied for the Freedom four times but I've been denied each time. Hopefully I can get soon because it is a good compliment to my Discover It. I think they should have a secured Freedom card.


You gotta app for the Freedom at least ten times before you are successful. You can try calling them for recon... once a real person looks at your fingerhut and credit one in your file, you're bound to get a signature card.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

Super100
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Postby Super100 » Tue Sep 16, 2014 10:40 pm

For me, i would use the Chase Freedom points as a Statement Credit, that's simple and easy for me, unless I'm interested in a Gift Card....

@SoFla
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Postby @SoFla » Sun Oct 05, 2014 9:12 am

fixmycredit92 wrote:I've applied for the Freedom four times but I've been denied each time. Hopefully I can get soon because it is a good compliment to my Discover It. I think they should have a secured Freedom card.


Silly question, what does it mean when cards are referred to as 'secured'?

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CarefulBuilder14
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Postby CarefulBuilder14 » Sun Oct 05, 2014 12:00 pm

@SoFla wrote:Silly question, what does it mean when cards are referred to as 'secured'?


It means the cardholder gives the issuer collateral as part of the card's terms. If the cardholder defaults, the issuer is entitled to some or all of the collateral to pay for the amount in default. Responsible use will help a cardholder's credit report, and a bank will give a card to an otherwise higher-risk customer. After what is usually a two-year period, the bank will either close the account and return the collateral, or perhaps return the collateral and keep the account open on an unsecured basis.

Secured cards are usually only for people who are building or rebuilding credit.
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



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