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Not quite hypothetical future credit card plans

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Moderator Emeritus

Not quite hypothetical future credit card plans

Everything is up in the air but a few things are coming together which maybe don't make Chase quite the sweet spot it was anymore for me.  

 

First I'm getting most of my meals from Snap Kitchen now, it counts as grocery for Chase, it's possible it might with Amex though I need to test this with the BCE later.

 

Second, that means restaurants are pretty secondary which sort of obliterates the major use case I had for the CSR.  

 

Third, it appears that even if the big company does marry me, I don't *have* to apply for a corporate card, which means the gravy train of reimbursed travel is still a thing and since we book through Concur which is now Amex Global Travel and it goes to the airline... well I think you're seeing where I'm going for this.

 

There are big if's here, IF Amex counts Snapkitchen like Chase does, IF I can get a BBP currently, take the swap Zync to the Gold offer, and IF I can get the Schwab Amex which I probably can as it should be obvious to anyone at Amex with a pulse what's going on at that point.  I haven't been able to use the points I've gained with Chase other mileage run flights to date to random places around the world via their Expedia partnership, and that really doesn't look like it's going to change anytime soon and as such dumping it into a Schwab account isn't a bad thing.  The two gigs went to 2.5 gigs and that, blah.

 

But expense profile would look like:

10k grocery

Some restaurant spend, unsure how much

Reimbursed travel

All my default spend, of which there's more than there probably should be with my IRS games.  Plus the plat's complimentary marriot / hilton status (I'm totally fine with Gold) I can better accomodate my travel coworkers.

 

This seems far better covered with Amex than Chase or really anyone else, but I'm looking for other opinions as I haven't really kept up.

 

Many thanks!




        
Message 1 of 17
16 REPLIES 16
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Community Leader
Super Contributor

Re: Not quite hypothetical future credit card plans

#TeamAmex 







Message 2 of 17
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Re: Not quite hypothetical future credit card plans

My experience with Concur hotels is, they are not prepaid, it is only reserved per the corporate arrangement. So if you expect a Platinum to get you 5 MR for hotels through Concur, I have my doubts. Airline bookings are immediate so yes, 5 MR for the win there. 

Chase points reimburse nicely for Hyatt. Just sayin.

 

Platinum and Gold plus BBP will work nicely.  A Chase VISA like CSR, or CSP, or Hyatt is a nice backstop where the merchant gives you a blank stare to your AMEX Shiny. 

 

Setting up the Platinum and Gold for airlines is important. If you are using an airline you don't have status, those $200 and $100 fee credits on bag fees are a good route, and then you add it to your reimbursement form. 

My thoughts on Chase are, with 5/24 I want to be absolutely certain I won't want that a Chase card again for a long time, before closing. Even with the $550 CSR AF I will likely keep it another year, because of the transaction friction if I want it back later. 

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 3 of 17
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Mega Contributor

Re: Not quite hypothetical future credit card plans


@NRB525 wrote:

Even with the $550 CSR AF I will likely keep it another year, because of the transaction friction if I want it back later. 


Do you see an issue with PCing to say a Freedom for no AF, and then re PCing it when (if!) you eventually need a CSR?

Message 4 of 17
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Re: Not quite hypothetical future credit card plans


@longtimelurker wrote:

@NRB525 wrote:

Even with the $550 CSR AF I will likely keep it another year, because of the transaction friction if I want it back later. 


Do you see an issue with PCing to say a Freedom for no AF, and then re PCing it when (if!) you eventually need a CSR?


works fine what i would do if question what to do it isnt all or nothing being getting rid of it and cancelling a spot.  just downgrade to CS or freedom then re-up without worrying about 5/24.

Message 5 of 17
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Re: Not quite hypothetical future credit card plans


@longtimelurker wrote:

@NRB525 wrote:

Even with the $550 CSR AF I will likely keep it another year, because of the transaction friction if I want it back later. 


Do you see an issue with PCing to say a Freedom for no AF, and then re PCing it when (if!) you eventually need a CSR?


Already have a Freedom and Freedom Unlimited. I was OK with the $150 net CSR fee. The $250 net fee I am mitigating with the Door Dash credits, so I turn a blind eye to the actual AF increase for now. My view to Annual Fees is much different than nearly everyone else. I have spent years paying a certain amount of monthly interest, so part of the AF has to do with "access to credit" or "cost of credit". The benefits of the card also help, but I fully realize the benefits aren't unique, except for the transfer possibility. Which leads to the Hyatt situation. UR points may need to go to Hyatt, and I have my eye on some nice redemption possibilities, but I don't want to commit them to Hyatt yet. I've also only had the CSP / CSR card for not quite two years. My relationship with Chase is checkered by balance chasing back in the day and several closed accounts. So I have an aversion to really punching the bear over much of anything right now. Smiley Happy 

It's complicated.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
Message 6 of 17
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Mega Contributor

Re: Not quite hypothetical future credit card plans


@NRB525 wrote:

@longtimelurker wrote:

@NRB525 wrote:

Even with the $550 CSR AF I will likely keep it another year, because of the transaction friction if I want it back later. 


Do you see an issue with PCing to say a Freedom for no AF, and then re PCing it when (if!) you eventually need a CSR?


Already have a Freedom and Freedom Unlimited.


FWIW, that's not a problem, you can downgrade a card and get another one.   But if the relationship is complicated, well, that's different.

Message 7 of 17
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Established Contributor

Re: Not quite hypothetical future credit card plans

I'm surprised about the OP disillusionment with Chase. I feel like they are taking care of me pretty good between Doordash 5x and Groceries 5x at the moment.

 

I can take those points to Hyatt and get 2.5 ccp on Hyatt House bookings on a regular basis.

 

But the idea of getting a BBP and taking an upgrade offer for Zync to Gold sounds like a good game plan. In this case I would probably downgrade my CSR to a CSP if possible. Its very difficult to justify a full priority pass card unless you plan to use it once a month. Though if you do it may become more valuable as you'll be taking longer layovers with reduced airline route availability.

Official travel point totals as of 9/19/20 (Goal Free Travel)
Chase Ultimate Rewards 183,844
World of Hyatt 81,381
AMEX Membership Rewards 52,623
AA Advantage 15,144
United MileagePlus 13,316
British Airways Avios 11,332
NASA Platinum Rewards 1883
Marriott Bonvoy 1,350
Southwest Rapid Rewards 1,000
Expedia Points 740
Hilton Honors 481
Delta Sky Miles 123
Virgin Atlantic 100
Jet Blue 66
Hotels.com Rewards 6/10 ($135.99)

Official cashback as of 9/19/20 (Goal Fund Roth IRA)
Acorns 720.10
Retail Me Not 208.59
Top Cashback 39.08
DOSH App 36.73
PEI App 34.76
Raise Cash 27.49
Club Overstock 23.87
Mr. Rebates 14.65
Discover 4.03
NFCU Rewards 2.96


Other Point Category
Freebird 3,500
Samsung Rewards 2,840
Open Table 1,700
Message 8 of 17
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Moderator Emeritus

Re: Not quite hypothetical future credit card plans

Hotel rewards I haven't honestly figured out yet; admittedly one nice thing about the CSR is it does it all from a travel rewards perspective whereas the Plat is nice for flights and zero on hotels beyond the status.

 

It's not so much disillusionment with Chase, it's that my spend is changing substantially, moving from ~10k restaurants per year to 10k grocery which Chase doesn't cover at all other than maybe once a year with Freedom or default.

 

PCing to a CSP is always an option for me, I have plenty of Chase cards in my portfolio it's unlikely that I'm ever going to need another unless they release an even better card for me and I suspect if I ask nicely they'll play ball in that event anyway (CPC, not planning to move my core finances from Chase).   The reason to keep the CSR is the sunk cost argument with half a million UR laying around.

 

Hyatt's aren't generally where I wind up though I did stay at one in Phoenix on the company nickle; thing is though, there's zero incentive for me to spend UR when my travel is reimbursed and that's where I'm really getting stuck with Chase; I mean maybe I could just stockpile them till I retire but how likely are they to be worth a **bleep** by that point?  




        
Message 9 of 17
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Moderator

Re: Not quite hypothetical future credit card plans

A huge pile of URs was the primary reason I did a PC from CSP to CSR back in January. 

Due to coronapocalypse, all URs are sitting pretty, with nowhere to go. Sigh. 

Kids are pounding Door Dash into the ground, so that's the only thing currently reducing salt levels in my blood.

For me, CSR has nothing that I cannot get from AR, and earning potential on AR with mobile wallet makes it exponentially better for me. 

Granted, no transfer partners, but I'll settle for 4.5% via travel portal as long as I maintain my current level of spend via Samsung Pay which on a slow month tends to be around $3000.00

CSR will probably be something else in January

Message 10 of 17
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