I wouldn't worry about QS1 vs Platinum. It's simply a matter of mathematics whether you will earn enough in rewards to justify the fee. But it's not a life-changing amount of money either way. One family dinner. The two should have an identical effect on your credit report. I would speculate (but do not actually know) that you can have longer periods of inactivity with a QS1 without C1 closing the account, since they know they'll make money on the fee. As opposed to the Platinum, where they make money off merchant swipe fee + interest, so a card that is not being used becomes a cost for them rather than a revenue source. I think it'll work out well for you. Good luck!
@Anonymous wrote:
Once you spend $2600 on the card, you’ve paid the AF and turned it into a positive over the Platinum going forward.
The reason the QS1 gets so much hate isn’t just the AF, it’s because Cap doesn’t like to give PC offers on them so people who start with the Plat usually end up earning cash back with no AF after 6 months by PCing to QS while the QS1 can be stuck there for over a year with no offers throwing away that AF.
They’re both starter cards and tend to be bucketed and everything else otherwise.
never seen a plat go to a QS only QS1,, interesting tell us more...
@Anonymous wrote:
@Anonymous wrote:
Once you spend $2600 on the card, you’ve paid the AF and turned it into a positive over the Platinum going forward.
The reason the QS1 gets so much hate isn’t just the AF, it’s because Cap doesn’t like to give PC offers on them so people who start with the Plat usually end up earning cash back with no AF after 6 months by PCing to QS while the QS1 can be stuck there for over a year with no offers throwing away that AF.
They’re both starter cards and tend to be bucketed and everything else otherwise.never seen a plat go to a QS only QS1,, interesting tell us more...
Well mine sure did but that was 2014. I guess it’s possible they are PCing Plat to QS1 card design with no AF? If so, might as well just call it QS since QS1 is associated with the AF product.
Point is that Plat can get cash back with no AF after 6 months.
Welcome to the churn. Only a lucky few have been able to get out of the QS1 bucket land. Only thing that I plan to do and would suggest is to put heavy spend on it for a couple months and hope for a PC offer to show up. AF are a big revenue for banks. They don't let paying customers get out of the bucket so easily.
@Anonymous wrote:
@Anonymous wrote:
Once you spend $2600 on the card, you’ve paid the AF and turned it into a positive over the Platinum going forward.
The reason the QS1 gets so much hate isn’t just the AF, it’s because Cap doesn’t like to give PC offers on them so people who start with the Plat usually end up earning cash back with no AF after 6 months by PCing to QS while the QS1 can be stuck there for over a year with no offers throwing away that AF.
They’re both starter cards and tend to be bucketed and everything else otherwise.never seen a plat go to a QS only QS1,, interesting tell us more...
I changed my platinum to a QS during the 4th month. My wife chose to upgrade hers to the venture1 on her 4th month.
