Established Member
ZS1988
Posts: 22
Registered: ‎06-06-2012
Which Card worth to keep even thou with the AF???

I believe that some cards are worth to keep even with their high AF.

 

Chase Sapphire Perfer - $95 AF - ( I think because the point malls, and you can transfer point)

Chase Priority Club - $49AF - (You get a free night every year, which paid for the card it self)

Chase Hyatt - $79AF - ( A Bit more Expensive then Priority Club, but It pay for it self every year with 1 free night)

 

Any other card worth to keep??


Starting Score: EQ669, Jan 15, 2013
Current Score: EQ669(01/15/13), TU696 (01/29/13)
Goal Score: 780+ All Across

Wallet: $5000 CSP / $3400 CPR / $551 Cap 1 Secure
Established Contributor
scenery_guy
Posts: 952
Registered: ‎07-24-2012
Re: Which Card worth to keep even thou with the AF???

ZS1988 wrote:

I believe that some cards are worth to keep even with their high AF.

 

Chase Sapphire Perfer - $95 AF - ( I think because the point malls, and you can transfer point)

Chase Priority Club - $49AF - (You get a free night every year, which paid for the card it self)

Chase Hyatt - $79AF - ( A Bit more Expensive then Priority Club, but It pay for it self every year with 1 free night)

 

Any other card worth to keep??


+1 on the Priority Club card. I just got it and it's a great deal for the AF. I plan on using my free night international when the time comes. 

Valued Contributor
CreditScholar
Posts: 2,300
Registered: ‎01-22-2012
Re: Which Card worth to keep even thou with the AF???
[ Edited ]

Most of the hotel cards out there fall into this category.

 

* Marriott Premier Rewards: 1 free night in Cat1-5 annually, plus 15 nights towards elite qualification

* U.S. Bank Club Carlson Premier: 40,000 points upon renewal, plus the last night is free on a 2+ night point redemption

 

Other travel-heavy cards that some would use despite the AF are:

 

* Amex Platinum: Lounge access, SPG gold, airline credit, FHR

* J.P. Morgan Ritz Carlton: lounge club, Marriott/Ritz gold status, Club-level upgrades, airline credit

* Amex SPG: night/stay credits towards elite status

* Chase United Club Card, Citi AA Exec, etc.: Lounge access, airline and/or hotel perks

* Chase Southwest Premier: 6000 points upon renewal

* Chase Explorer: Free bag

* Chase BA: Free companion ticket with 30k in annual spend

* Citi Hilton Reserve: Hilton Gold status plus 1 free night with 10k spend

As always it always depends on your travel and spend patterns.

 

FICOs: EX: 826, EQ: 817, TU: 810
Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL
Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank American Airlines Executive World Elite MasterCard - $22,500 CL
J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
Moderator
Revelate
Posts: 8,371
Registered: ‎12-30-2011
Re: Which Card worth to keep even thou with the AF???
[ Edited ]

Any AF which is justified by the financial rewards; keeping in mind the credit strata of the individual.

 

When I was deep subprime, frankly the AF on the Orchard card (which incidently I justified with it's no FTF as I purchase shirts made in the UK for work) was acceptable, and the BOFA secured AF I made bank on with the 1-2-3 rewards package and my typical spend rate... think paid for itself in just over a month.  My Zync + Packs AF with how often I eat at restaurants, already paid for itself as well in 3 months.

 

Likewise where I'm at now, the BCP over the BCE is no question for me, I make up the difference just in gasoline alone.  

 

And really, calling it what it is, if I'd been in the credit strata even worse than where I started, I could've easily justified the FP's AF just for building credit purposes.  

 

I think there's just too many variables in play unless you restrict it to a particular credit strata, and really it almost has to be the top end as in the deep subprime category what need and what you can afford financially dominates any discussion of AF worthiness.

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 679, EQ 8 708, TU 711, EX 702* (07/14/14, EX older)
Goal Score: 700 on EQ '04 (01/01/15)


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Valued Contributor
thom02099
Posts: 1,317
Registered: ‎08-30-2011
Re: Which Card worth to keep even thou with the AF???

Revelate wrote:

Any AF which is justified by the financial rewards; keeping in mind the credit strata of the individual.

 

When I was deep subprime, frankly the AF on the Orchard card (which incidently I justified with it's no FTF as I purchase shirts made in the UK for work) was acceptable, and the BOFA secured AF I made bank on with the 1-2-3 rewards package and my typical spend rate... think paid for itself in just over a month.  My Zync + Packs AF with how often I eat at restaurants, already paid for itself as well in 3 months.

 

Likewise where I'm at now, the BCP over the BCE is no question for me, I make up the difference just in gasoline alone.  

 

And really, calling it what it is, if I'd been in the credit strata even worse than where I started, I could've easily justified the FP's AF just for building credit purposes.  

 

I think there's just too many variables in play unless you restrict it to a particular credit strata, and really it almost has to be the top end as in the deep subprime category what need and what you can afford financially dominates any discussion of AF worthiness.

 


+1 ! !

 

If one can justify the AF, then one can justify the card.  If it's a benefit to you, why get rid of it?  There was a reason for applying for the card to begin with, unless that reasoning has changed or one is just a "card collector".

 

I dumped my HSBC toy card for just that reason.  It no longer served a purpose with a $1550 limit and $59 AF.  They wouldn't waive  the fee, and wouldn't CLI, so it was time to  dump them.

AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Wells Fargo Propel 365 $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10K / Chase Slate Visa $6K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K // Home Depot $9.7K / Lowes $10K

EX = 768 EQ = 828 TU = 834 - June/2014
Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010
Re: Which Card worth to keep even thou with the AF???

For me, the yearly rewards should be at least 2 times the AF to consider it.