Barclaycard Arrival 40,000 miles bonus + 2% rewards vs. CSP?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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cashback
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Postby cashback » Wed Jun 05, 2013 4:08 pm

agp wrote:Really depends on what you use it for. For my old consulting job, I used to spend over $20,000/year on airfare and God knows how much on food and hotel. It made the CSP well worth it.

As of Chase Ink cards... How much do you spend on office products and phone/cable? I spend about $80/month. I take my office products from my company when needed, so I can confidently say that this card doesn't help me one bit. But then you might run your own company and spend $20,000 on office-related products for employees like me to take.

See, all depends on how you use your card and what you use it for.


Just because you spent a lot in those categories doesnt make it well worth it. You were only getting 2 points per dollar spent. 5% cash back or 5x points is way better than that, which is easily doable for at least all the food.
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


FutureBillionaire
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Postby FutureBillionaire » Wed Jun 05, 2013 4:16 pm

cashback wrote:So use your Forward for eating out. 5 Ty points is better than 2 UR points.


Not if I can't cash them out for things that I want. I can cash them out for gift cards, but I'd rather do mortage payments. However, with the closures going around, I'm leery about doing that right now.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

agp
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Postby agp » Wed Jun 05, 2013 4:40 pm

cashback wrote:Just because you spent a lot in those categories doesnt make it well worth it. You were only getting 2 points per dollar spent. 5% cash back or 5x points is way better than that, which is easily doable for at least all the food.


Sounds like someone's taking what I said about credit cards personally.

5% cash back is not way better, it actually isn't any better than my 2UR/dollar. 5 points is better than 2 points if they both are UR points. It's all in how you redeem your points. If you have been redeeming your UR points for cash then you are suffering a big loss.

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred

FutureBillionaire
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Postby FutureBillionaire » Wed Jun 05, 2013 4:45 pm

agp wrote:Sounds like someone's taking what I said about credit cards personally.

5% cash back is not way better, it actually isn't any better than my 2UR/dollar. 5 points is better than 2 points if they both are UR points. It's all in how you redeem your points. If you have been redeeming your UR points for cash then you are suffering a big loss.


Cashback is saying that 5% cash back is more than 2UR points, which is technically true. Buuuttt, UR points are excellent for me because I fly southwest and I can fly for free. I actually use a combination of both. Having a Chase Freedom and a CSP together make sense for right now. I definitely use my Freedom for 5% back on dining AND 5% on Marriott and Southwest gift cards for the trips I'm planning.

I like my metal blue card, but I'm not a complete idiot.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

agp
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Postby agp » Wed Jun 05, 2013 7:39 pm

FutureBillionaire wrote:Cashback is saying that 5% cash back is more than 2UR points, which is technically true. Buuuttt, UR points are excellent for me because I fly southwest and I can fly for free. I actually use a combination of both. Having a Chase Freedom and a CSP together make sense for right now. I definitely use my Freedom for 5% back on dining AND 5% on Marriott and Southwest gift cards for the trips I'm planning.

I like my metal blue card, but I'm not a complete idiot.


5% cashback is worth more than 2UR points if UR points are used for statement credit / a check. If UR points are used to redeem flights or hotels, 2 UR points is easily worth more than 5 cents.

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred

cashback
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Postby cashback » Wed Jun 05, 2013 7:51 pm

agp wrote: 2 UR points is easily worth more than 5 cents.


Can ya prove it? With something you actually redeemed for?
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

pewpew
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Postby pewpew » Thu Jun 06, 2013 1:23 am

cashback wrote:Can ya prove it? With something you actually redeemed for?


you can check yourself. go to united.com and look for costs of international flights in terms of rewards points. you can easily score round trip tickets for 70k points that would normally cost upwards of $1000. i was able to fly to israel from NYC for 60k points and like $20 (economy saver award). a trip that would normally run $1200 on united and even more on delta.

also, if you are using points to purchase 4 or more tickets to fly internationally, you can call United, tell them how many points you have to spend and they will work with you. they can easily knock off 5k to 10k points a ticket if you are flying internationally. possibly more depending on season and destination.
Junk I use:
AmEx Platinum for Mercedes Benz from, 75k spending ability
AmEx Everyday 8.99% + Prime, 44k CL
Chase Ink Bold, 35k
Chase Freedom (Converted from WaMu VISA) from '07, 5.99% + Prime, 30k CL

Junk I don't use
BoA Susan G. Komen Cash Rewards (converted from World Points MC) from '07, 7.9% Fixed APR, 30k CL
Discover IT (Converted from Discover More) from '08, 5.74% + Prime, 20k CL
AmEx Clear from '07, 4.99% + Prime, 10k CL
All 3 credit scores are over 800.

rockyrock
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Postby rockyrock » Thu Jun 06, 2013 2:17 am

pewpew wrote:you can check yourself. go to united.com and look for costs of international flights in terms of rewards points. you can easily score round trip tickets for 70k points that would normally cost upwards of $1000. i was able to fly to israel from NYC for 60k points and like $20 (economy saver award). a trip that would normally run $1200 on united and even more on delta.

also, if you are using points to purchase 4 or more tickets to fly internationally, you can call United, tell them how many points you have to spend and they will work with you. they can easily knock off 5k to 10k points a ticket if you are flying internationally. possibly more depending on season and destination.


+1

And the real value of CSP is the UR Mall. 2x may not be all that great but the portal offers many ways to earn 2x, 3x, 5x, even 10x on purchases you are going to make anyway. I think at this point the question becomes how fast and how much do you have to spend to reach your goal?

My input is one sided as I don't have a Freedom. I'm learning fast how to maximize my UR points though...

Are any of the 5% categories availabile in the UR Mall? If they were you could get bonus pts and 5% cb. Sounds too good to be true!
American Express (2005): Premier Rewards Gold & Blue Cash Preferred
Chase: Freedom & UA Club USAA: Signature Visa & American Express
Discover it Bank of Hawaii Hawaiian Airlines WEMC Synchrony Sam's MC
Navy FCU Platinum Visa Citi Double Cash & AT&T Access MC

MB131174
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Postby MB131174 » Thu Jun 06, 2013 9:55 am

Different people not only have different credit card preferences, we also have different reward preferences. As someone how owns his own travel agency, I love the flexibility that the UR points allow me to transfer to Hyatt (my favourite hotel), to an airline for a free (plus taxes, fees and left arm) ticket, or whatever. Also, I love the ability to use points to pay down a balance should the need arise (anyone who's self employed knows that there may be times where business is on the slower side and cash flow would be priority over travel). I feel like my new duo of CSP and Chase Ink are the perfect fit for me. Being able to combine points from both accounts gives me a lot of freedom to do with my UR points as I see fit/needed.
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FutureBillionaire
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Postby FutureBillionaire » Thu Jun 06, 2013 10:10 am

MB131174 wrote:Different people not only have different credit card preferences, we also have different reward preferences. As someone how owns his own travel agency, I love the flexibility that the UR points allow me to transfer to Hyatt (my favourite hotel), to an airline for a free (plus taxes, fees and left arm) ticket, or whatever. Also, I love the ability to use points to pay down a balance should the need arise (anyone who's self employed knows that there may be times where business is on the slower side and cash flow would be priority over travel). I feel like my new duo of CSP and Chase Ink are the perfect fit for me. Being able to combine points from both accounts gives me a lot of freedom to do with my UR points as I see fit/needed.


I am very happy with my assortment of cards, though I will admit that I need a Chase biz card and one more 2% card.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape



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