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@jsickz32 wrote:
@distantarray wrote:
@jsickz32 wrote:i want the card cuz its metal and for dinning. i eat out every single day because i cant cook at all. i have a forward for restaurants but im changing it tomorrow morning to the thankyou preferred since i asked and was told im elegible
Why? Don't you get more points from Forward? 2.57 points vs 5 points???
yes and for 10k points you can get $50 cash back....18k points got me $180 cash back on my freedom. its easy to rack up points but they are not worth that much for cashback.
Dollar Value of Thankyou Points for Various Redemption Strategies (Best to Worst)Redemption Method Amount Redeemed Points Required Value of Points
Flights (w/ Citi Premier Card Only!) | $100 | 7,518 | $0.0133 |
Flights (all other Citi Cards) | $100 | 10,000 | $0.0100 |
Mortgage payment | $25 | 2,500 | $0.0100 |
Student Loan Rebates | $25 | 2,500 | $0.0100 |
Various restaurant gift cards | $100 | 10,000 | $0.0100 |
Best Buy gift card | $50 | 6,000 | $0.0083 |
Various restaurant gift cards | $100 | 10,000 | $0.0100 |
Statement Credit | $250 | 35,000 | $0.0071 |
Cash | $50 | 8,000 | $0.0062 |
yea that's pretty lackluster -_-; statement credit, cash, doesn't add up well, besides it'd take a LONG time to overcome the Chase CSP sign up bonus, and with Freedom feeding CSP 5-6 points per transaction it's pretty nice. I guess US Cash+ will have to be my next card for restaurant and bill pay.
@distantarray wrote:Dollar Value of Thankyou Points for Various Redemption Strategies (Best to Worst)Redemption Method Amount Redeemed Points Required Value of Points
Flights (w/ Citi Premier Card Only!) $100 7,518 $0.0133 Flights (all other Citi Cards) $100 10,000 $0.0100 Mortgage payment $25 2,500 $0.0100 Student Loan Rebates $25 2,500 $0.0100 Various restaurant gift cards $100 10,000 $0.0100 Best Buy gift card $50 6,000 $0.0083 Various restaurant gift cards $100 10,000 $0.0100 Statement Credit $250 35,000 $0.0071 Cash $50 8,000 $0.0062
yea that's pretty lackluster -_-; statement credit, cash, doesn't add up well, besides it'd take a LONG time to overcome the Chase CSP sign up bonus, and with Freedom feeding CSP 5-6 points per transaction it's pretty nice. I guess US Cash+ will have to be my next card for restaurant and bill pay.
Thats why i stay away from point rewards. Points are too confusing as it is, and the conversation rates seem to suck.
@ccnewcc wrote:Thats why i stay away from point rewards. Points are too confusing as it is, and the conversation rates seem to suck.
Chase is always the same 1 penny a point no matter what, which is nice =)
I want it becasue I cant get it lol they decline me all the time!! so it makes me want it more it does have good rewards though.
@Creditaddict wrote:All I see these days are Amex, Freedom and CSP!
Why is it everyone's goal lately to have CSP? Especially if you don't travel a lot... do the rewards transfer out to be better than Amex Costco 3% on Restaurants and 2% Gas or 1:1 or 1:1.5 you get with Navy Cash?
Perceived prestige factor. I've found that many on here inexplicably treat credit cards like fashion accessories, and those folks seem to want this card or that card because of the implied prestige they feel that it gives them.
Stupid, IMO, but its their money, which they are free to spend as they please.
Hey just for the sign on bonus is worth getting alone, Sapphire has the ability to get the bonus and run. $500 for travel is good enough for a free weekend cruise.
Some people have done things to squeeze out over $20,000 worth of benefits from credit cards in a single year. Like _ _ _ _ bank allowed people to get the same card online 24 times with a good sign on bonus with minimal spending requirements... so people got a 40% return on their spending 24 times a year (husband and wife team)
Also it's the first obtainable card that's metal + concierge service + zero transaction fee obtainable by most people with a decent credit history. I like it for the stupid comments I get from it like "Are you one of those?" "This is heavy" I just find it amusing.
@Happychap wrote:I want it becasue I cant get it lol they decline me all the time!! so it makes me want it more it does have good rewards though.
I like it when cards play hard to get too
unfortunately I haven't been turned down for a card yet so I'm =\
I got a 754 score but I had 400's last year, I guess it's because I didn't apply for anything crazy. but Wishlist Palladium card >_< I want to hold it haha too bad the backdoor closed 1 month before my scores skyrocketed =\
Next wishlist 1. US Cash + (too many inquiries for US bank atm 4) 2. Amex Platinum (no problem since I already got BCP, Platinum is easier to get)
@distantarray wrote:Hey just for the sign on bonus is worth getting alone, Sapphire has the ability to get the bonus and run. $500 for travel is good enough for a free weekend cruise.
Some people have done things to squeeze out over $20,000 worth of benefits from credit cards in a single year. Like _ _ _ _ bank allowed people to get the same card online 24 times with a good sign on bonus with minimal spending requirements... so people got a 40% return on their spending 24 times a year (husband and wife team)
Also it's the first obtainable card that's metal + concierge service + zero transaction fee obtainable by most people with a decent credit history. I like it for the stupid comments I get from it like "Are you one of those?" "This is heavy" I just find it amusing.
And I would agree that these cards are useful IF one can pass the spend through them which is necessary to obtain the rewards and IF one diligently plans spending to maximize them. I'm inclined to believe that many folks don't benefit much from the rewards and just want the card because "it looks cool" or "it's prestigious".
And again, that's entirely their right. Personally, I'm not paying an AF for anything unless I know that my spend will recoup it for me. My AMEX AF is paid by my firm as a bennie, and I'm luckily in a position where I can pass all of my business travel and expenses through my personal cards, then pay them off with the expense reimbursements. Otherwise, I wouldn't have the cards that I have.
@Elcid89 wrote:
And I would agree that these cards are useful IF one can pass the spend through them which is necessary to obtain the rewards and IF one diligently plans spending to maximize them. I'm inclined to believe that many folks don't benefit much from the rewards and just want the card because "it looks cool" or "it's prestigious".
And again, that's entirely their right. Personally, I'm not paying an AF for anything unless I know that my spend will recoup it for me. My AMEX AF is paid by my firm as a bennie, and I'm luckily in a position where I can pass all of my business travel and expenses through my personal cards, then pay them off with the expense reimbursements. Otherwise, I wouldn't have the cards that I have.
I don't understand why people get so many cards personally, but yea a lot of people get cards cause of fashion. Personally only card I would get for Fashion is a Palladium card just because it's so damn sexy lol!
It all depends, I believe paying an Annual fee if you get cards that you actually plan to use. I think these cards are the only ones you need.
So if you don't spend a crazy amount, and don't travel for business or make over 100k a year These 4 cards should do you just fine.
Amex BCP - Groceries + Gas + Department stores
Chase Freedom with checking
Chase Sapphire (Trifecta because you can get over 6% category purchases etc)
US Bank Cash + (5% billpay + 5% restaurants in flexible rewards program and can change to home improvement when you buy a house etc)
.
If you travel a lot Amex Starwood + Platinum + Gold but that's just my opinion.
Amex Starwood - Hotel and travel
Amex Platinum - Airline benefits
Amex Gold - Airline miles (one of the best, I think it's stupid Gold is better than Platinum for some things =\ if they add the points value to Platinum I"ll definately get it)
PenFed Gas card - I spaced this one far if you spend TONS of gas, because with Chase Trifecta you can get over 6% back on gas purchases for half the year, and BCP for the other half the year it averages over 4.5% per dollar so I don't see the real point for most people to get a dedicated Gas card. If your annual Gas cost is $2000 you saved an amazingly $10 more for the year =D although this can be worth it if you run a company's gas costs or a entire family's gas cost or if you have a big ass car lol.