topic Re: Looking for a new CB Card in Credit Cards

Looking for a new CB Card

Anonymous — Fri, 15 Jan 2021 01:28:44 GMT

With Alliant devaluing their points I am looking to drop them and get a new catch all CB card. I am considering SDFCU or AOD. Im kind of torn since SDFCU has cell phone coverage which would be a nice bonus since I don't pay for coverage on my bill etc. Seems if you use this like once or twice it could far outpace the extra 1% with AOD, although I do spend a decent amount on my card.

Anyone have both? How easy is the cell phone coverage on the SDFCU to use? Just looking for feedback.

TIA

Re: Looking for a new CB Card

fatcomic — Fri, 15 Jan 2021 02:15:45 GMT

Personally, if I had a way into an AOD card that would be the one I would pick. I actually would be happy with the simplicity of the AOD 3% back as my primary card.

Re: Looking for a new CB Card

wasCB14 — Fri, 15 Jan 2021 02:23:20 GMT

@Anonymous wrote:
With Alliant devaluing their points I am looking to drop them and get a new catch all CB card. I am considering SDFCU or AOD. Im kind of torn since SDFCU has cell phone coverage which would be a nice bonus since I don't pay for coverage on my bill etc. Seems if you use this like once or twice it could far outpace the extra 1% with AOD, although I do spend a decent amount on my card.

Anyone have both? How easy is the cell phone coverage on the SDFCU to use? Just looking for feedback.

TIA

https://www.sdfcu.org/sites/default/files/pdf/visa-signature-benefits.pdf

In practice, a CS rep may cover more than SDFCU is absolutely required to, but the SDFCU coverage has some flaws:

No coverage for lost phones.

No coverage for cosmetic damage that does not affect the ability to make or receive calls. (I take this to mean screens that are cracked but not completely shattered.)

Re: Looking for a new CB Card

Anonymous — Fri, 15 Jan 2021 04:06:50 GMT

@wasCB14 wrote:
@Anonymous wrote:
With Alliant devaluing their points I am looking to drop them and get a new catch all CB card. I am considering SDFCU or AOD. Im kind of torn since SDFCU has cell phone coverage which would be a nice bonus since I don't pay for coverage on my bill etc. Seems if you use this like once or twice it could far outpace the extra 1% with AOD, although I do spend a decent amount on my card.

Anyone have both? How easy is the cell phone coverage on the SDFCU to use? Just looking for feedback.

TIA

https://www.sdfcu.org/sites/default/files/pdf/visa-signature-benefits.pdf

In practice, a CS rep may cover more than SDFCU is absolutely required to, but the SDFCU coverage has some flaws:

No coverage for lost phones.
No coverage for cosmetic damage that does not affect the ability to make or receive calls. (I take this to mean screens that are cracked but not completely shattered.)

Aren't these restrictions very common for credit card insurance?

Re: Looking for a new CB Card

Credit12Fico — Fri, 15 Jan 2021 04:36:17 GMT

@Anonymous wrote:
@wasCB14 wrote:
@Anonymous wrote:
With Alliant devaluing their points I am looking to drop them and get a new catch all CB card. I am considering SDFCU or AOD. Im kind of torn since SDFCU has cell phone coverage which would be a nice bonus since I don't pay for coverage on my bill etc. Seems if you use this like once or twice it could far outpace the extra 1% with AOD, although I do spend a decent amount on my card.

Anyone have both? How easy is the cell phone coverage on the SDFCU to use? Just looking for feedback.

TIA

https://www.sdfcu.org/sites/default/files/pdf/visa-signature-benefits.pdf

In practice, a CS rep may cover more than SDFCU is absolutely required to, but the SDFCU coverage has some flaws:

No coverage for lost phones.
No coverage for cosmetic damage that does not affect the ability to make or receive calls. (I take this to mean screens that are cracked but not completely shattered.)
Aren't these restrictions very common for credit card insurance?

Yes they are. There is really only two policies out there. The one for Visa cardholders, and the one for Mastercard cardholders.

Re: Looking for a new CB Card

Anonymous — Fri, 15 Jan 2021 04:44:10 GMT

Of those two, I'd go with SDFCU for a few reasons:

1. SDFCU has a $200 SUB after spending $3,000. You would have to spend $6,667 with AOD to get $200 in rewards. With SDFCU, you'd have $333.34 by the time you spent that much. Looking out even further, you would need to spend $20,000 before AOD started earning you more rewards than SDFCU ($20,000 x 3% = $600 vs. ($20,000 x 2%) + $200 = $600).

2. Personally, I don't see AOD keeping this card around in its current form long term as 3% flat rate cards have proven to be unsustainable for much larger banks without some sort of restrictions (e.g. annual fee, spend caps, etc). My guess is that AOD will start implementing restrictions in the not-too-distant future (they've already cracked down significantly on approvals). How do you feel about this given what you just experienced with Alliant?

3. AOD has an intense application process and requires applicants to jump through a lot of hoops (e.g. joining an approved organization just to be eligible for membership, membership requires a hard pull, manual application review, significant supporting documentation required, etc). How do you feel about going through all that for an extra 1% that very likely won't last and won't start earning you more rewards until you spend $20,000?

Just some things to think about.

Re: Looking for a new CB Card

wasCB14 — Fri, 15 Jan 2021 04:55:10 GMT

@Credit12Fico wrote:
@Anonymous wrote:
@wasCB14 wrote:
@Anonymous wrote:
With Alliant devaluing their points I am looking to drop them and get a new catch all CB card. I am considering SDFCU or AOD. Im kind of torn since SDFCU has cell phone coverage which would be a nice bonus since I don't pay for coverage on my bill etc. Seems if you use this like once or twice it could far outpace the extra 1% with AOD, although I do spend a decent amount on my card.

Anyone have both? How easy is the cell phone coverage on the SDFCU to use? Just looking for feedback.

TIA

https://www.sdfcu.org/sites/default/files/pdf/visa-signature-benefits.pdf

In practice, a CS rep may cover more than SDFCU is absolutely required to, but the SDFCU coverage has some flaws:

No coverage for lost phones.
No coverage for cosmetic damage that does not affect the ability to make or receive calls. (I take this to mean screens that are cracked but not completely shattered.)
Aren't these restrictions very common for credit card insurance?
Yes they are. There is really only two policies out there. The one for Visa cardholders, and the one for Mastercard cardholders.

Yes, the restrictions are common.

There may be exceptions that don't come to mind, but in general credit card-based phone protection benefits are rarely useful...and too much attention can go to them when it comes to picking a new card.