@Anonymous wrote:
@Themanwhocan wrote:
@Anonymous wrote:
@Brax wrote:Not really a good idea to close a card that gives 5.5% back with no AF.
Maybe it wouldn't be a good idea for you but the OP seems to feel differently. Not all of us have the same spending habits or card needs. I like SM but at the same time I could do fine without it. Aside from Target and Nook purchases I don't really use it much. Groceries...meh. Its easier for me to use BCE once a month for $350-$400 in groceries than break that down into two separate purchases just to max out the $250 cap with SM. Gas...don't need it at the moment. Main reason I'm keeping SM is bc I may buy a car next year to add an auto loan into the credit profile mix. Otherwise it wouldn't kill me to roll the limit over and close.
But even if you spend the entire $400 a month on the Sallie mae, you still earn more cash back than using a BCE
I figured this chart would come up sooner or later and I'm aware of it. Again it's just more convenient to use SM on other purchases that aren't groceries vs. splitting payments in two with it. I realize this is against everything most people strive for around here but whatever few dollars I'm losing out on here and there aren't going to keep me up at night lol This is simply what works for me. Not saying its the best strategy for accumulating every possible penny its simply my preferred method
Thanks TMWC
Right, keep it all in perspective. We're only talking about $16 difference per year 
But personally, I just don't like the look of the transparent BCE card. Even though someone once complemented its appearance when I used it.
@Anonymous wrote:
@NRB525 wrote:If one is not carrying any balance, why does the APR matter?
Doesn't matter much to me. Caps are so low I couldnt see myself ever carrying a balance with this card even if I were inclined to carry any type of balance someday. But everyone is different. Might be a peace of mind thing for some people who knows
Maybe it simply feels good to see a lower APR vs. higher
I'm thinking more along the lines of, if one has to carry a balance on $250 of monthly grocery spend, maybe that person has more significant money management issues that SM alone cannot solve
(that's a joke, light hearted credit humor, not an aspersion directed at the OP or anyone else)
@NRB525 wrote:
@Anonymous wrote:
@NRB525 wrote:If one is not carrying any balance, why does the APR matter?
Doesn't matter much to me. Caps are so low I couldnt see myself ever carrying a balance with this card even if I were inclined to carry any type of balance someday. But everyone is different. Might be a peace of mind thing for some people who knows
I'm thinking more along the lines of, if one has to carry a balance on $250 of monthly grocery spend, maybe that person has more significant money management issues that SM alone cannot solve
(that's a joke, light hearted credit humor, not an aspersion directed at the OP or anyone else)
@NRB525 wrote:
Of course, to the other side topic in this thread, I can see how SM would get in the way of trying to get through that $6,500 annual spend moat to get to the Old Blue Cash 5% or whatever the reward rate is on the other side
Easy = SM at 5% of the first Grocery/Gas dollar spend each month.
Hard = OBC with $6,500 spend moat to get to the good stuff.
No, the caps are so low on the SM that it really doesn't get in the way of the $6.5K spend We spend a lot of (real) groceries and don't want to have to track that we've spent $250 on this card for the month so switch to.., when the whole thing can be put on one card.
But again, I agree it's a great card for many people, but not everyone is the same!
Also very unpopular is denouncing the SCT.
@Anonymous wrote:
Also very unpopular is denouncing the SCT.
LOL. Well, that's because:
People think that they are tricking the system to get a card.
In reality, they are getting tricked into getting a card.
But they want to feel smart about it.
Just my opinion.
@Anonymous wrote:
Also very unpopular is denouncing the SCT.
(Gasps)... You SHUT your mouth right now. How dare you not love the SCT lmao!!!!