topic Re: Which card to get rid of for CSP? in Credit Cards

Which card to get rid of for CSP?

Anonymous — Tue, 14 Apr 2015 11:23:54 GMT

Hi all,

Figured i'd ask for some advice. I'm gardening until at least January of 2016. At that point, I intend on getting CSP and (maybe) Freedom. I will make CSP my primary card with either my Discover or a MC as the secondary. I only carry two cards at any given time.

Currently, I have five credit cards. I would REALLY prefer not to have more than five, so I will be looking to close at least one of mine at the time of getting CSP. Here are my current options:

1. WF Platinum: My oldest account. I never use it, except for my Verizon Wireless bill, for the phone replacements. WF is my primary bank. Limit: $10,500.

2. Citi DC: My highest limit and current primary card. I hold no loyalty to Citi and personally hate their customer service. Limit: $14,100

3. Discover It: Probably my favorite card, even though it does not have the acceptance of a Visa or Mastercard. I love their CS and Discover Deals rocks. Limit: $11,400.

4. Barclaycard AAdvantage Aviator Red: It's my lowest limit and it's benefits aren't that great. The one caveat is that I currently have 77,000 AAdvantage miles and this card keeps them from expiring. I have been an AAdvantage member since 2002 and hold a level of loyalty to American Airlines for being there when I needed a few emergency flights. Limit: $10,000

5. Chase United MileagePlus Explorer: I really like this card. It's cheaply made, yes, but I love Chases CS and the two free passes to United clubs are really handy. I currently have 57,000 United miles. Limit: $10,500.

The two cards I would probably be unwilling to close would be WF Platinum (due to WF being my primary bank and the account being 4 years old) and Discover It (due to loving them). Have a feeling I know which card people will suggest, but definitely looking for opinions.

Re: Which card to get rid of for CSP?

Anonymous — Tue, 14 Apr 2015 11:36:29 GMT

I personally think the CSP and freedom must go together. It just makes sense. Have you thought about getting both?

Re: Which card to get rid of for CSP?

Anonymous — Tue, 14 Apr 2015 12:35:05 GMT

Get rid of Wells Fargo. Carry 6 cards.

Re: Which card to get rid of for CSP?

Anonymous — Tue, 14 Apr 2015 12:46:13 GMT

Get rid of wf and dc and add csp and freedom

Re: Which card to get rid of for CSP?

kdm31091 — Tue, 14 Apr 2015 12:48:43 GMT

I'd get rid of Wells Fargo. I'm not sure adding Freedom is necessary. It goes well with CSP, but your post seems to center around subtracting, not adding, so I'm not sure adding Freedom is a great idea unless you're going to get rid of two things.

I wouldn't get rid of Double Cash (unless you have a crappy limit or APR or something). 2% on everything is a good thing to have

Re: Which card to get rid of for CSP?

Anonymous — Tue, 14 Apr 2015 12:49:53 GMT

@Anonymous wrote:
Get rid of wf and dc and add csp and freedom

W.h.y.

Re: Which card to get rid of for CSP?

Imperfectfuture — Tue, 14 Apr 2015 12:57:09 GMT

@kdm31091 wrote:
I'd get rid of Wells Fargo. I'm not sure adding Freedom is necessary. It goes well with CSP, but your post seems to center around subtracting, not adding, so I'm not sure adding Freedom is a great idea unless you're going to get rid of two things.

I wouldn't get rid of Double Cash (unless you have a crappy limit or APR or something). 2% on everything is a good thing to have

The freedom 5% goes best with CSP. Hence the double. Plus, can transfer to United,

if you want the mileage to add up: a) chop Wells Fargo. They will stay on report for ten years, then your other cards will have aged. b) Chop double cash, easier to accumulate points, and the other cards, with combined higher spend blocks (2%, 3%, 5%, etc) add up to around 2% or more anyway. You can later get a Citi aadvantage card for more AApoints, convert Barclays to Sallie Mae, and either arrival plus or ring for low apr (or keep aviator with Sallie Mae).

Re: Which card to get rid of for CSP?

Anonymous — Tue, 14 Apr 2015 12:57:27 GMT

I just feel the same way about citi that the op does...if they're gonna make csp their primary why worry about it, even on 1x categories should be able to get close to 2cpp value

I only use my csp on travel and dining and have a 2% card for everything else but I'm also ok with having 10-15 cards

Re: Which card to get rid of for CSP?

Imperfectfuture — Tue, 14 Apr 2015 12:58:45 GMT

@Anonymous wrote:
@Anonymous wrote:
Get rid of wf and dc and add csp and freedom
W.h.y.

See my post as to why everyday spend can add up for mileage. If trade DC for citi aadvantage card, double cards for AA points.

Re: Which card to get rid of for CSP?

Anonymous — Tue, 14 Apr 2015 13:00:00 GMT

@Anonymous wrote:
I just feel the same way about citi that the op does...if they're gonna make csp their primary why worry about it, even on 1x categories should be able to get close to 2cpp value

I only use my csp on travel and dining and have a 2% card for everything else but I'm also ok with having 10-15 cards

Depends in what succession they can acquire the Freedom and CSP.

It seems that it is much easier to get a cobrand+chase brand on the same day than it is to get two chase brand.

Re: Which card to get rid of for CSP?

Anonymous — Tue, 14 Apr 2015 13:45:23 GMT

One thing I want to add is that i'm open to the idea of moving from 5 to 6 cards, only if it's with one of the banks I currently have (WF, Chase, Discover, Citi, Barclaycard). I don't want to have to track more logins and accounts with different banks. It's a little much sometimes.

DC I am certainly open to closing. As I stated, I have no love for Citi. I only use the DC because it's my best card I have.

An additional bit of information, I don't think I would be eligible for the Cit AA card. I had one about 4 or 5 years ago and got a bonus then.

Re: Which card to get rid of for CSP?

Anonymous — Tue, 14 Apr 2015 13:47:42 GMT

@Anonymous wrote:
@Anonymous wrote:
I just feel the same way about citi that the op does...if they're gonna make csp their primary why worry about it, even on 1x categories should be able to get close to 2cpp value

I only use my csp on travel and dining and have a 2% card for everything else but I'm also ok with having 10-15 cards
Depends in what succession they can acquire the Freedom and CSP.

It seems that it is much easier to get a cobrand+chase brand on the same day than it is to get two chase brand.

I'm not personally worried about getting both Freedom and CSP if I applied in January of next year. At worst, i'd just move my limit from my United card and close it, assuming I went down the CSP/Freedom route. In January of next year almost all my current inquiries will have lost any impact, so I don't see why my FICO score shouldn't be around 780.

Re: Which card to get rid of for CSP?

Anonymous — Tue, 14 Apr 2015 15:06:33 GMT

If you don't paricularly need more AA miles but want to stop the ones you have expiring, you can use the AA Mall, https://www.aadvantageeshopping.com/

You can use any credit card, buy something small every 18 months, and keep your miles.