Amex thoughts?

[CreditCuriosity]

Ya I suck at gardening...  So with the SPG promo going on I am thinking about killing two birds with one stone..

PRG - 50k offer then right after since it is same HP the SPG 30k bonus..  Total spend of 4k for 50k MR points well 51k after spend and 30k SPG points.

Thoughts?

Waiting for MyFico to update on Amex site to make sure they use a fresh SP of me since my EX has gone up over 40 points from my last FICO they are showing on their site due to removal of two CA's and a clean report.  

This is a hard deal to pass up..  Only 4k spend for all the greatness of this combo..  my AAoA won't like the hit much, but sitll over 5 years on all CB's..

[CreditCuriosity]

With that said I already have the HHonors card and will be applying for the Ritz when the 140k promo comes back, do I really want three serpate hotel chain CC's??  That PRG 50k bonus is just pestering me and if I was to use a HP why not do a 2 for one?  Still the SPG would only be used for the free hotel nights.. Ugh choices!!

[kdm31091]

Weigh your options. Like you said, do you really need 3 different chain hotel cards? And a CSP as well? Youre going to be spread awfully thin and find it hard to rack up meaningful points.

Just because its a good deal doesnt mean you need it. Every new account you add is one more account to deal with, track, manage etc. When you start obtaining cards for one small specific benefit like a free night you may be going overboard IMO. Sure a free night is nice but then people take more trips and spend more money because they have a free night. Issuers know this. Trips cost money outside of that free night.

Anyway im rambling. If you can derive significant benefit from them all, go for it but it sounds like deep down you know the answer. You are likely just bored gardening and are being impulsive

[CreditCuriosity]

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@kdm31091 wrote:
Weigh your options. Like you said, do you really need 3 different chain hotel cards? And a CSP as well? Youre going to be spread awfully thin and find it hard to rack up meaningful points.

Just because its a good deal doesnt mean you need it. Every new account you add is one more account to deal with, track, manage etc. When you start obtaining cards for one small specific benefit like a free night you may be going overboard IMO. Sure a free night is nice but then people take more trips and spend more money because they have a free night. Issuers know this. Trips cost money outside of that free night.

Anyway im rambling. If you can derive significant benefit from them all, go for it but it sounds like deep down you know the answer. You are likely just bored gardening and are being impulsive v

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Oh I agree..  Yes the CSP still gets the majority of my spend and it is a travel/hotel card along with the HHonors is obviously a hotel card...  I think I will just wait for the Ritz 140k bonus to come back around nov/dec time frame and grab that card as that is basically 4-5 days at a decent marriot and worth it alone right there along with the airline credit, etc..  Don't realy value MR points that highly currently and the SPG I can live without although 2-3 free nights is stil a nice sign-up bonus, but ya only reason I would of applied for that would be for 2-3 night and little use after that so I think I will axe the PRG/SPG combo for the time being.  Err just wish the 140k offer was current now so I had a spend bonus to go after..  Sucks no spend bonuses that I am chasing currently, this is what makes me look :/..  My CSP always gets 1000-2000k a month whether I am chasing other spend bonuses or not so I have quite a few UR points built up on that for a nice little trip.

[Anonymous]

Did you app yet?

[CreditCuriosity]

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@Anonymous wrote:

Did you app yet?

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No wasn't your 3x CLI today on your Amex?  If so how did it go and if so have you apped for the Cap1's yet?  Could of sworn you said the 15th

[lhcole77]

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@CreditCuriousity wrote:

Ya I suck at gardening...  So with the SPG promo going on I am thinking about killing two birds with one stone..

PRG - 50k offer then right after since it is same HP the SPG 30k bonus..  Total spend of 4k for 50k MR points well 51k after spend and 30k SPG points.

Thoughts?

Waiting for MyFico to update on Amex site to make sure they use a fresh SP of me since my EX has gone up over 40 points from my last FICO they are showing on their site due to removal of two CA's and a clean report.  

This is a hard deal to pass up..  Only 4k spend for all the greatness of this combo..  my AAoA won't like the hit much, but sitll over 5 years on all CB's..

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I snagged these two yesterday and am very glad I did.

One of the features I like about transferring SPG  points is that if you transfer them to airlines you can get an extra 5000 miles for every 20,000 you transfer.  I may be doing this when I do transfer them. But I have a lot of time to decide.  Plus there can be 20% bonuses sometimes to transfer MRPs to airlines.

Let the fun begin!

[Anonymous]

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@CreditCuriousity wrote:

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@Anonymous wrote:

Did you app yet?

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No wasn't your 3x CLI today on your Amex?  If so how did it go and if so have you apped for the Cap1's yet?  Could of sworn you said the 15th

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Next month. Nice try, though. 

[Anonymous]

@CC,

As long as you can meet spend, I'd say have at it.  Keep us posted on results.

[Anonymous]

Its a no brainer. Unless you are going for a mortgage or whatever, and dont have 20 inquiries.... go for it. Unless you have no starwood hotels near any vacation destinations or by family friends, etc. Then again, they do transfer nicely as well. Cant beat the 4 free $50 airline gift cards either.

I was torn between the spg when it was at 25k as well. Instead I opted for delta gold. I see you already have that. I guess in 51 weeks go for a prg retention offer, if not, you can cancel it or pay 65 a yr for the green card, if MR points are worth 2cents each on avg, the green card becomes a 2% card fairly easily.  Alas, you already have an everyday with a place to park your MR points.

Its not a risk because its a soft pull.

Are you sure you dont want to go for something like the Citi Premier or prestige? Do you already have a stash of MR points and having another 51k would complement that and get you closer to a reward?

I love my prg. I am gonna be super sad if I do get rid of it. I use it ALL THE TIME. It is my most used card. PRG for gas and restaurants, ED for groceries and a few cheap swipes to get the extra 0.4.

I am very tempted to premptively transfer my mr points to BA. I dunno. I am not that diversified yet...sitting on 80kIHG, 70k MR, 40k delta. could essentially be 110k delta, which is enough for 2 round trip tickets to europe ands till have miles leftover.

My scores really arent good enough yet to keep churning. While I dont mind a low limit, I dont want to be in a rut. What are your scores creditcuriousity? Do you have a loved one where you could get the PRG in their name and add yourself as an AU?