topic Taking advantage of an offer ... in Credit Cards

Taking advantage of an offer ...

BullsEye10 — Thu, 20 Dec 2012 20:01:01 GMT

Well, I have a reunion coming up in April in South Beach. One fof my friends is springing for a suite at The W Hotel, but around 14 of us are going to need to find alternate accomodations (or spend over $700 per night to stay at The W).

I found a Whyndham that is near The W (not on the beach but irrelevant with access at The W) that costs 15,000 points per night.

I then found an ad for the Whyndham Rewards Card where I get 30,000 points after my first purchase (annual fee is $69.00).

My questions are as follows:

1. Is this a decent card?

2. Should I recommend to my friends that half of us app for the card, take the 30,000 free points and get the free weekend (2 to a room)?

3. The annual fee is waived the first year ... if I cancel before the first year is up do I owe them anything for the points I took advantage of?

Thanks in advance

Re: Taking advantage of an offer ...

SwiftTone — Thu, 20 Dec 2012 20:18:16 GMT

BullsEye10 wrote:
Well, I have a reunion coming up in April in South Beach. One fof my friends is springing for a suite at The W Hotel, but around 14 of us are going to need to find alternate accomodations (or spend over $700 per night to stay at The W).

I found a Whyndham that is near The W (not on the beach but irrelevant with access at The W) that costs 15,000 points per night.

I then found an ad for the Whyndham Rewards Card where I get 30,000 points after my first purchase (annual fee is $69.00).

My questions are as follows:

1. Is this a decent card? I don't think it matters in your case because you you are keeping it for <1 year, and you will get 30k points.

2. Should I recommend to my friends that half of us app for the card, take the 30,000 free points and get the free weekend (2 to a room)? That's up to them but it's a good plan. You should make sure they understand credit cards so they don't ruin their credit for 2 nights of hotel stay.

3. The annual fee is waived the first year ... if I cancel before the first year is up do I owe them anything for the points I took advantage of? No. You can cencel before 1 year is up and you won't be olbigated to return the points.

Thanks in advance

You may want to look into Priority Club by Chase. It's $49 a year, 1st year waived. And every year they give you 1 free stay which can be worth up to $500, so it pays for itself. That's what I'm apping for when the time comes.

Re: Taking advantage of an offer ...

BullsEye10 — Thu, 20 Dec 2012 20:34:17 GMT

Thanks for the reply.

Does anyone know if this is a particularly tough card to get? I don't wnat to propose something that may not be obtainable for my friends and cause issues.

Wyndham Rewards Visa

It is a Visa Signature card, does that mean it is more difficult by definition?

Thanks

Re: Taking advantage of an offer ...

SwiftTone — Thu, 20 Dec 2012 20:41:04 GMT

BullsEye10 wrote:
Thanks for the reply.

Does anyone know if this is a particularly tough card to get? I don't wnat to propose something that may not be obtainable for my friends and cause issues.

Wyndham Rewards Visa

It is a Visa Signature card, does that mean it is more difficult by definition?

Thanks

Visa Signatures are inheritanly harder to get approved for because it has a minimum of $5000 credit line. It's backed by Barclays though so if they are close, and their FICO scores and uti are in check, it shouldn't be a hard recon.