topic Re: Freedom Unlimited or Double Cash in Credit Cards

Freedom Unlimited or Double Cash

zerbherb — Sat, 23 Apr 2016 15:44:41 GMT

Need to get a $1700 lens and need zero apr

Double cash or Freedom uNlimited

Score 726 or so across the board

Cards

csp 5k

discover 2k

amex ed 3500k

income 20k

Re: Freedom Unlimited or Double Cash

NRB525 — Sat, 23 Apr 2016 15:46:50 GMT

Freedom Unlimited.

The 15,000 UR point bonus will roll nicely into your CSP hopper, along with all those 1.5 UR points on purchases.

Re: Freedom Unlimited or Double Cash

Anonymous — Sat, 23 Apr 2016 15:48:19 GMT

I personally get way more value out of 1.5 UR's than 2% cash back and I see that you have CSP so I would recommend FU but I guess it depends on how you use your points and if you're good to go on the 5/24 (you would definitely me in the minority )

Re: Freedom Unlimited or Double Cash

zerbherb — Sat, 23 Apr 2016 15:50:43 GMT

Am i good for the 5/24 does the PRG count in that? Look at my profile totally forgot.

Re: Freedom Unlimited or Double Cash

Anonymous — Sat, 23 Apr 2016 15:55:09 GMT

With an income of $20,000, realize that you will most likely get a small starting limit on either card. It may or may not be sufficient to cover your purchase.

Even if you were to get a 2k-3k staring limit (which is in line with your income and your other cards), you would be maxing the card out or close to it if you put that large purchase on the card with that limit.

Re: Freedom Unlimited or Double Cash

Anonymous — Sat, 23 Apr 2016 15:55:55 GMT

Freedom Unlimited if you are savvy with Ultimate Rewards, 1.5% turns into 2%+ many times.

If not then just go Double Cash.

Re: Freedom Unlimited or Double Cash

zerbherb — Sat, 23 Apr 2016 16:00:06 GMT

theres always that chance. in which case. I get 15000 ur points either way and just do the purchase on another card. then close the Freedom unlimited and transfer the limit to my csp.

Re: Freedom Unlimited or Double Cash

Anonymous — Sat, 23 Apr 2016 16:01:38 GMT

@zerbherb wrote:
theres always that chance. in which case. I get 15000 ur points either way and just do the purchase on another card. then close the Freedom unlimited and transfer the limit to my csp.

Remember that the ability to move a credit line with Chase from a brand newly opened card is not a guarantee.

Re: Freedom Unlimited or Double Cash

zerbherb — Sat, 23 Apr 2016 16:03:48 GMT

my hard work with credit paid of so far. i mean i have the csp at 21 years old i did something right. Will continue too.

Re: Freedom Unlimited or Double Cash

Anonymous — Sat, 23 Apr 2016 16:13:51 GMT

Sounds like you have all the answers then. I wish you luck.

Re: Freedom Unlimited or Double Cash

zerbherb — Sat, 23 Apr 2016 16:14:47 GMT

nah i don't. Just the worst case isn't even so bad.

Re: Freedom Unlimited or Double Cash

creditfan — Sat, 23 Apr 2016 17:02:53 GMT

here is an option might work for you

try to get CFU, let's say you get approved with a smaill limit like 1.4k.

to void max limit / not enough purchase power is to transfer some short term limit from CSP to your newly CFU to take advantge of your 0% apr

Re: Freedom Unlimited or Double Cash

Ghoshida — Sat, 23 Apr 2016 20:01:19 GMT

@zerbherb wrote:
Need to get a $1700 lens and need zero apr

Double cash or Freedom uNlimited

Score 726 or so across the board

Cards
csp 5k
discover 2k
amex ed 3500k

income 20k

Good luck with whatever you decide. I'll not comment on getting the two new cards.

However, if your Discover 0% promo APR is over, have you tried calling Discover if they can extend you another promo APR? Regardless of whether you get one of the new cards, I suggest you do that. They offered me 0% 12 months on new purchases when my card was 2 years old.

Then check Discover for a CLI. With good scores like that, you can get a good jump, and then decide whether you want to use Discover for the new purchase or use Citi DC / Chase FU whichever you get.

Re: Freedom Unlimited or Double Cash

taxi818 — Sat, 23 Apr 2016 22:50:24 GMT

@zerbherb wrote:
Need to get a $1700 lens and need zero apr

Double cash or Freedom uNlimited

Score 726 or so across the board

Cards
csp 5k
discover 2k
amex ed 3500k

income 20k

Both

Re: Freedom Unlimited or Double Cash

joltdude — Sat, 23 Apr 2016 23:13:29 GMT

Heres my spin on it..

How old is the Discover?.... One option is to try for a CLI and possibly a APR offer (or a BT) if its not a new card.....

How good are your scores right now.... Could try for some flavor of Chase (FU card).. but with a 5K limit on the Sapphire.. im thinking your not going to get much if you do get approved....

And how old is the CSP...

Just some options for you... As folks said.. Having an FU card with a Sapphire or even a standard Freedom can have some benefits if your trying to score points..

-J

Re: Freedom Unlimited or Double Cash

Anonymous — Sun, 24 Apr 2016 02:56:16 GMT

@zerbherb wrote:
my hard work with credit paid of so far. i mean i have the csp at 21 years old i did something right. Will continue too.

If your ED is really 3,500K (as in $3.5M) you are doing something very right!

Re: Freedom Unlimited or Double Cash

Closingracer99 — Sun, 24 Apr 2016 02:59:06 GMT

@zerbherb wrote:
my hard work with credit paid of so far. i mean i have the csp at 21 years old i did something right. Will continue too.

Honestly It's not that hard to get the CSP lol. I got my first CC when I was 23 and got my CSP at 24. Have since PC'ed it to the CS but considering PC it back to the CSP soon.

Re: Freedom Unlimited or Double Cash

Anonymous — Mon, 25 Apr 2016 14:32:19 GMT

I'll be the dissenting voice here and say Citi Double Cash hands-down.

Reason? 2% beats 1.5URP. To me, 1.5URP = 1.5%.

Excuse me while I rant.

I have been at this game for eight years, and I have never, ever, seen a URP redemption that would work for me, other than $.01 per URP.

Yes, I've studied, I've read the how-to-manuals, looked at flyertalk and the points guy, read the bragging threads on how someone got a first-class flight to Paris on July 1 that otherwise would have cost $5,000 for only 70k URP, making a redemption value of over 7 cents per point.

But guess what? I have no desire to fly first class to Paris on July 1 for $5000, $700 or even $500.

Every time I've looked for a flight that I actually *want* to take, any flight I could actually take by converting my points to something else, resolves to far less than 1 cent per point, compared to what I could book otherwise.

The way I see it, URP may be more valuable than 1 cent per point if all of the following are true:

1. You like to fly a *lot* for no particular reason.

2. You don't care where your destination is, except that it has to be an expensive flight that you get for next to nothing.

3. You really really have to have first class for everything.

Otherwise, take the cash.

There are two types of people. Person A will buy a $300 pair of shoes for $50 and say "Man, what a great deal I got! I got a $300 pair of shoes, with built-in GPS and step-tracking, for only $50." And there's the other type of person who said, "hey, I just got a pair of sneakers at Costco for $19.99 and got 5% cashback, so they only cost me $18.99." Person A will sniff and say, "but I saved $250, and you only saved $1, and my shoes are so much cooler." Person B will say "but I paid $18.99 for a pair of shoes that will serve me fine, and you paid $50, so I saved $30 more than you."

If you're person B, take the DC. If you're person A, FU.

Chris.

Re: Freedom Unlimited or Double Cash

Anonymous — Sun, 24 Apr 2016 13:33:38 GMT

Not a very difficult debate....which one has the better signup bonus and higher SL? The DC are not known to give out lavish SL and it's hard to get CLIs unless you have a thick profile w/high income.

Re: Freedom Unlimited or Double Cash

zerbherb — Sun, 24 Apr 2016 14:17:01 GMT

Sapphire is 3 months old.