topic Re: What are the popular CCs in 2013? in Credit Cards

What are the popular CCs in 2013?

DigitalArk — Sat, 24 Aug 2013 22:01:01 GMT

What do you think the popular credit cards are in this year?

Re: What are the popular CCs in 2013?

daybreakgonesXe — Sat, 24 Aug 2013 22:11:38 GMT

CSP, BCP, PRG hands down, off the top of my head!

Re: What are the popular CCs in 2013?

Anonymous — Sat, 24 Aug 2013 22:18:00 GMT

@daybreakgonesXe wrote:
CSP, BCP, PRG hands down, off the top of my head!

Those, and probably Freedom, Amex Plat and Arrival. SPG?

And the Cap One QS gets a lot of mention here.

Re: What are the popular CCs in 2013?

09Lexie — Sat, 24 Aug 2013 22:33:26 GMT

All of the above plus....Discover It

Re: What are the popular CCs in 2013?

newbiewife — Sat, 24 Aug 2013 23:08:46 GMT

+1 discover it!

Re: What are the popular CCs in 2013?

coldnmn — Sat, 24 Aug 2013 23:42:08 GMT

The Barclay Ring had a lot of mention earlier this year convinced me to get it.

Re: What are the popular CCs in 2013?

mjnierva23 — Sun, 25 Aug 2013 00:11:29 GMT

I find the CSP is the most talked about around here

Re: What are the popular CCs in 2013?

audia4 — Sun, 25 Aug 2013 03:29:28 GMT

@mjnierva23 wrote:
I find the CSP is the most talked about around here

What is CSP? It's funny how everyone talks in abbreviations around here and when I go to the "common abbreviations" board, none of these are ever listed on here, so I'm still clueless.

Re: What are the popular CCs in 2013?

cleanitup — Sun, 25 Aug 2013 03:33:58 GMT

I was just getting ready to ask the same thing. What is CSP.

Re: What are the popular CCs in 2013?

Irisa — Sun, 25 Aug 2013 03:36:30 GMT

@audia4 wrote:
@mjnierva23 wrote:
I find the CSP is the most talked about around here
What is CSP? It's funny how everyone talks in abbreviations around here and when I go to the "common abbreviations" board, none of these are ever listed on here, so I'm still clueless.

CSP = Chase Sapphire Preferred

Re: What are the popular CCs in 2013?

audia4 — Sun, 25 Aug 2013 03:49:47 GMT

@Irisa wrote:
CSP = Chase Sapphire Preferred

Should I assume that card is better than the Chase Freedom?

Re: What are the popular CCs in 2013?

Anonymous — Sun, 25 Aug 2013 04:47:31 GMT

@audia4 wrote:
@Irisa wrote:
CSP = Chase Sapphire Preferred
Should I assume that card is better than the Chase Freedom?

No, because "better" depends on the individual's goal and circumstances. But CSP is harder to get.

Basically, the big benefit of CSP, for those that can use it, is the ability to transfer Ultimate Reward points (earned on the Freedom, CSP, and a few other cards) to frequent flier/guest programs of various partners. This can be very valuable, as a made up example, I can take 80K points I've earned on the card, and transfer them as 80K United miles to that frequent flier program. With those 80K miles, I can buy a first class ticket that normally costs $8K, basically making each point worth 10c, whereas if I cash them out with the freedom each point is worth one cent.

Now many people don't in fact do this (and if you wouldn't have bought the ticket for $8K it's not clear that this is a fair valuation) but that is a big benefit of the card.

It also comes with a large bonus, 40K points which can be cashed out for $400, used to book $500 of travel, or transferred to another program and potentially be worth a whole lot more.

But CSP only offers 2x points on two categories, dining and travel, so if you don't travel, and find more use of the 5x categories on the Freedom, CSP isn't better in that case!

Re: What are the popular CCs in 2013?

armbenderc — Sun, 25 Aug 2013 04:50:57 GMT

Don't forget BCE and Citi TY Preferred.

Re: What are the popular CCs in 2013?

Anonymous — Sun, 25 Aug 2013 04:57:09 GMT

@armbenderc wrote:
Don't forget BCE and Citi TY Preferred.

Well, since I recommend against both those cards, I would be happy to forget!

BCE: For most, BCP is the better choice. Bigger bonus, and as you can buy gift cards to other places at supermarkets, BCE only makes sense if your spend on everything is very low. In which case the benefits are also small.

TY Pref: In the non-5x form, more or less a 1% card with some new 2% categories just added, terrible exchange rate for cash or statement credits, limited set of gift cards and other redemption options, and with changes to the Premier, less valuable to use for travel.

Re: What are the popular CCs in 2013?

DigitalArk — Sun, 25 Aug 2013 06:45:46 GMT

I want to get the Barclaycard Arrival...

Re: What are the popular CCs in 2013?

Irisa — Sun, 25 Aug 2013 06:54:03 GMT

@DigitalArk wrote:
I want to get the Barclaycard Arrival...

Wait, were you just trying to find out if the Arrival is popular enough before you apply for it?

Re: What are the popular CCs in 2013?

azguy13 — Sun, 25 Aug 2013 07:05:36 GMT

I have to agree with most everyone here, I think its the CSP.

Re: What are the popular CCs in 2013?

DigitalArk — Sun, 25 Aug 2013 07:11:12 GMT

@Irisa wrote:
@DigitalArk wrote:
I want to get the Barclaycard Arrival...
Wait, were you just trying to find out if the Arrival is popular enough before you apply for it?

No. I want some cards with no FTF. I don't really like to deal with Cap1, so Barclaycard Arrival is ideal. Or PenFed cards.

Re: What are the popular CCs in 2013?

oscar_actuary — Sun, 25 Aug 2013 07:42:39 GMT

no mention of PenFed Platinum Rewards Visa?

5% Gas

3% Grocery

1% All other

high limits

or Fidelity Retirement / College Savings, 2% on Everything, as long as you stick rewards into a qualified account

I'd like to convert my Slate to a Sapphire, but not the 95$ one.

Re: What are the popular CCs in 2013?

Anonymous — Sun, 25 Aug 2013 18:53:41 GMT

@oscar_actuary wrote:
no mention of PenFed Platinum Rewards Visa?

5% Gas
3% Grocery
1% All other

high limits

or Fidelity Retirement / College Savings, 2% on Everything, as long as you stick rewards into a qualified account

I'd like to convert my Slate to a Sapphire, but not the 95$ one.

WHile I agree the Fidelity is a good card, it isn't really popular here, the latest thread I recall was about how ugly it is!

Penfed Platinum Rewards is no longer available, the replacement, the Sig version, moves to a 3/2/1 structure after Dec. For existing users, the card rewards were nerfed last week, with a large rise in the points needed to redeem most rewards.