Freedom and CSP combine?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
33 posts
samhradh
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Postby samhradh » Thu Dec 19, 2013 2:38 pm

ncosky290 wrote:Your not loosing anything... It is a choice...


With all the 0% APR offers out there - WalMart, Bill Me Later, opening a new card - if you're putting large purchases on a card and not paying it in full there is no doubt you are "Losing." You may choose to owe more money on a purchase than it cost but in the accounting book that means you're in the red. If that's how you wish to run your books, your loss.

Regarding the "home improvement" category not being useful to you: So what? The card doesn't cost you anything and keeping it open increases your total CL and AAoA. Even if you only find it useful for one quarter a year, it's still worthwhile, as it earns more than twice as many points as the CSP. You can also buy all sorts of non-home improvement things at Lowe's: sodas and candy, magazines, cleaning products.

I'm not aiming to be high and mighty here but when you post saying that proven strategies and advice for earning points/CB are "wrong" or "not for everyone" it muddies the waters for those new to the churn.
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).


cashback
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Postby cashback » Thu Dec 19, 2013 3:19 pm

Go ahead and keep carrying balances on your cards. You, and others like you, are the reason people like me can profit off banks. Thanks!
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

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djrez4
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Postby djrez4 » Thu Dec 19, 2013 3:41 pm

cashback wrote:Go ahead and keep carrying balances on your cards. You, and others like you, are the reason people like me can profit off banks. Thanks!


Image
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

cashback
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Postby cashback » Thu Dec 19, 2013 3:49 pm

Sure I am. He has already turned down helpful advice, so I might as well thank him for enabling banks to have generous rewards programs.
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

MemberSince99
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Postby MemberSince99 » Thu Dec 19, 2013 5:37 pm

I just would like to say I'm not judging you or anything. Or mocking you.


I did what you are doing many years ago, though I hope I was much worse than you are. I sure ended up paying dearly for it when things fell apart.


If it's a small amount, you probably won't hurt anything, but if that's the case you would be money ahead to just pay it off. But I just want you to know I'm not judging and it sure is your life and your credit and your decision.

samhradh
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Postby samhradh » Thu Dec 19, 2013 6:33 pm

cashback wrote:Sure I am. He has already turned down helpful advice, so I might as well thank him for enabling banks to have generous rewards programs.


Have to admit I thought the same thing
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).

DONx3
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Postby DONx3 » Fri Dec 20, 2013 12:25 am

Keep the freedom.
Amex Blue Cash Everyday 07/01
Amex Starwood Preferred Guest 03/16, BD 01
BOA Cash Rewards Visa Sig 06/07
Chase Freedom Visa Sig 12/13
Chase Ink Plus Visa Sig 05/16
Chase Sapphire Preferred Visa Sig 07/13
Discover It 01/14
IHG Rewards Club World MC 12/14
Southwest Rapid Rewards Plus Visa Sig 08/16

DavidNY
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Postby DavidNY » Fri Dec 20, 2013 9:48 am

DONx3 wrote:Keep the freedom.


+1 .

ncosky290
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Postby ncosky290 » Fri Dec 20, 2013 9:55 am

Thank you for those who actually helped with the topic title.

I will keep the Freedom for now and transfer the UR points to the CSP for my next trip in 2015 after I go to Paris this May...

For those who just wanted to chime in and not have anything useful for my eyes to read, just wanting to be rude... just hit the back button next time...
-AMERICAN EXPRESS DELTA GOLD SKYMILES - AMERICAN EXPRESS EVERYDAY -AMERICAN EXPRESS PLATINUM - CITI DOUBLE CASH - CITI PLATINUM AADVANTAGE - CITI THANK YOU PREFERRED - BARCLAYCARD ARRIVAL PLUS - DISCOVER IT - CHASE SAPPHIRE PREFERRED-

MemberSince99
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Postby MemberSince99 » Fri Dec 20, 2013 11:44 am

It is unfortunate that some have to be snarky and nasty when they disagree with you, instead of just agreeing to disagree.


They seem to forget it's your life and your credit and your choice as to how to handle both. If they disagree, they are free to run theirs differently, but there is no need for the snarky comments that imply someone is an idiot just because you disagree with them. I wish we could get rid of that part of it, but it seems like it's just human nature to always know what's best for everyone else, and to want to show one's superiority with one's wit and sharp tongue. Sad but true.


Even at its worst though, it never gets quite as bad here as I've seen on FICO. If they disagree with you, you're pretty much a terrorist who deserves a long, painful death in their eyes. Left the garden? You COMMUNIST! And the funny part is sometimes they don't even know what the hell they are talking about. So this place at least isn't as bad as that.



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