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Established Member
ALLevesque
Posts: 35
Registered: ‎12-30-2012
0

Re: Glyph: iPhone app to find the best CC rewards

What about a way to account for online purchases?  I like the concept of the app-- especially to keep track of reward $'s and points.

AMEX BCE: $15K, Chase Sapphire: $5k, Discover More: $3250, Kay Jewelers: $7200, Lowes: $3000, TD Easy Rewards: $1000, CapOne:$750, CapOne:$750, CareCredit: $3500, Lenscrafters $500, Victoria Secret: $920, Wells Fargo (Furniture card) $2800, Best Buy:$900, American Eagle: $600

2013 Goal: Garden and 740+ scores across the board.
Established Contributor
FutureBillionaire
Posts: 642
Registered: ‎12-12-2012
0

Re: Glyph: iPhone app to find the best CC rewards

I was working on a business plan for a similar business.  I'm going to continue my quest based on feedback I have seen here.

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
New Member
vichichm
Posts: 10
Registered: ‎01-08-2013
0

Re: Glyph: iPhone app to find the best CC rewards

@ALLevesque -

 

Thanks!  Are you a psychic?  Stay tuned to the next release of the app.  :smileyhappy:

New Member
vichichm
Posts: 10
Registered: ‎01-08-2013
0

Re: Glyph: iPhone app to find the best CC rewards

@FutureBillionaire -

 

Good luck.  Let us know if we can help!

Established Member
ALLevesque
Posts: 35
Registered: ‎12-30-2012
0

Re: Glyph: iPhone app to find the best CC rewards

Awesome, I'll keep it up and running- looking forward to future updates!

AMEX BCE: $15K, Chase Sapphire: $5k, Discover More: $3250, Kay Jewelers: $7200, Lowes: $3000, TD Easy Rewards: $1000, CapOne:$750, CapOne:$750, CareCredit: $3500, Lenscrafters $500, Victoria Secret: $920, Wells Fargo (Furniture card) $2800, Best Buy:$900, American Eagle: $600

2013 Goal: Garden and 740+ scores across the board.
New Member
vichichm
Posts: 10
Registered: ‎01-08-2013
0

Re: Glyph: iPhone app to find the best CC rewards

@ djrez -

 

I like the way you think; Let me address one piece by piece too:

1) We're thinking of creative ways to address the Credit Union issue, but you're right that, in the short term, the best way to have a card added is to request it via the "My Card is Missing" option.  We add the most popular missing cards as quickly as we can.

2) We agree on the Hilton AmEx calculation.

3) There are two reasons why Sapphire's showing up lower in this case: 

    a) We have valued the currency differently than you have, and 

    b) We don't take the annual dividend into consideration at the point of purchase, because those points are tied up until the end of the year, and they can't be accessed immediately.  

 

Having said all of that, we're trying to help consumers, not annoy them.  We will listen to your feedback.  How did you calculate the currency value for the Sapphire point?  As a Sapphire user, do you even care that the points can't be accessed immediately?  

 

Thanks,

Mike 

 

Established Contributor
FutureBillionaire
Posts: 642
Registered: ‎12-12-2012
0

Re: Glyph: iPhone app to find the best CC rewards


vichichm wrote:

@FutureBillionaire -

 

Good luck.  Let us know if we can help!


I'm going to take you up on that.  This is a valuable tool that can help the American consumer. 

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
Established Contributor
djrez4
Posts: 504
Registered: ‎08-28-2012
0

Re: Glyph: iPhone app to find the best CC rewards


vichichm wrote:

@ djrez -

 

I like the way you think; Let me address one piece by piece too:

1) We're thinking of creative ways to address the Credit Union issue, but you're right that, in the short term, the best way to have a card added is to request it via the "My Card is Missing" option.  We add the most popular missing cards as quickly as we can.

2) We agree on the Hilton AmEx calculation.

3) There are two reasons why Sapphire's showing up lower in this case: 

    a) We have valued the currency differently than you have, and 

    b) We don't take the annual dividend into consideration at the point of purchase, because those points are tied up until the end of the year, and they can't be accessed immediately.  

 

Having said all of that, we're trying to help consumers, not annoy them.  We will listen to your feedback.  How did you calculate the currency value for the Sapphire point?  As a Sapphire user, do you even care that the points can't be accessed immediately?  

 

Thanks,

Mike 

 


1) I'm not a CU card holder, so no personal stake in that matter, but that sounds like a good solution for now.

 

2) Ok - Hooray math!

 

3) Regardless of whether you've valued Ultimate Rewards points lower than my 1.7 cents, it's still 2 points per dollar and more than 1 cent per point.  Unless you're valuing UR points at less than 1.05 cents per point, the Sapphire should beat the Hilton at restaurants even without the dividend.

 

To give you an example of my most recent redemption, I used a combination of United Miles and UR points to book plane tickets to Europe.  The cash price would have been around $3000, give or take.  Let's just say I used all UR points - 120k of them.  That's a value of 2.5 cents per point.  If I'm getting 2 points per dollar at a restaurant, that's 5 cents per dollar.

 

I don't care that UR points can't be accessed immediately.  The value isn't in cash back.  It's in redemption value for travel.  That 120k UR points isn't worth $1200 to me.  It's worth much, much more.

New Member
vichichm
Posts: 10
Registered: ‎01-08-2013
0

Re: Glyph: iPhone app to find the best CC rewards

@djrez - 

 

We have indeed valued the UR point at less than $.0105 / point.  We found justification for our valuation directly on the UR site.  Granted it's possible to get higher value, depending on what exactly you redeem for, we have elected not to represent the highest possible redemption value in our algorithms.  Rather, we've taken the average value, based on a basket of goods.  However, as you justified in your example, it seems that offering people the ability to customize currency values might be valuable.  We will give this a look.

 

Regarding the dividend, I would propose the same treatment: allow users to determine whether they want the dividend included or not.  

 

To appropriately set expectations, we need to research and develop these features, so please don't expect them in our next product release.  

 

Your feedback is much appreciated, and do let me know if anything else comes up in the course of your use.

 

Thank you,

Mike

 

 

Regular Contributor
ramblin_wreck08
Posts: 181
Registered: ‎08-09-2012
0

Re: Glyph: iPhone app to find the best CC rewards

Just downloaded the app and have a few initial observations:

1. It would be a nice feature to be able to add current balance and current reward balance on my cards

2. I agree that the ability to customize reward point values would be a very helpful addition. Right now, for instance, I am trying to rack up Delta Skymiles for a flight in August for my friend's wedding. I am doing this through my AMEX PRG. The flight in question is currently $420, and costs 25k miles. I'm sure the cost will go up before I know enough to be able to book, but right now that's 1.68% back on most purchases, 3.36% on gas and groceries, and 5.04% on airfare. Let's say I'm going to a department store. It recommends I use my Citi Dividend for 1% cash back, ranking it as 51/250. My PRG shows up as 1% and 178/250, when to me it's worth 1.68% and is probably in the top 10.



What's in my wallet:



Left to right:
NPSL ($10k approved)
$5k (EMV - Chip & PIN)
$7k (Visa Sig + EMV)
$7.5k (WEMC)

Transunion FICO: 709 (8/13/12) -> 740 (9/24/12)
Credit Karma: 772 (11/24/13)
Credit Sesame: 755 (11/5/13)

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