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Redundancy

ToxikPH
Established Contributor

Re: Redundancy

 

Message 21 of 25
RSX
Established Contributor

Re: Redundancy

We’ve gone full circle on this I think

 

you asked which ones you should close in the first post. - I believe you have gotten your answer

if you spend enough to get full bonuses and break even on your AF, then don’t cancel any of them

 

maybe when/if your spending changes, drop the ones that aren’t justifying the AF anymore.  

 

Short notes

1. Keep all all the new ones open for over a year ( to make sure Amex is happy)

2. Don’t get any new cards until the existing ones are all over 2 years old

 

Dec 16/2019. EX. 721. EQ. 723. TU 746
Dec 29/2020 EX. 729 EQ. 723 TU 746
June 16/2021 EX. 747 EQ. 743 TU 746
Inq. EX 4 EQ 2 TU 5 - - CC 5x24, 3x12
Amex BCP $32k - Apple GS $17k - BMW/Elan $5k - Cap1 QS $16.7k - Chase Amazon $13.6k - Chase Bonvoy Boundless $10k - Chase United Club Infinite $26k - Citi DC $14.5k - CreditUnion1 $9k - DiscoverIT $23k - HSBC Gold - $10.5k - Penfed Gold - $12.5k - USBank Cash+ -$20k
Message 22 of 25
NRB525
Super Contributor

Re: Redundancy

Congrats on the new cards. If you made all the SUB spend, you now have a pile of points that you can use over the next several months to year for travel costs.

Make a note of when the AF / anniversary comes up for each card. Decide at that time whether the card makes sense based on benefits and past usage. For example the Delta card can save the AF through bag fees if you do two round trips per year.

The Hilton points are not comparable value to MR points. With the recent closing of the airline gift card trick, Aspire may be a challenge to get the AF to net zero.
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
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
Message 23 of 25
wasCB14
Super Contributor

Re: Redundancy


@ToxikPH wrote:

 


https://ficoforums.myfico.com/t5/Credit-Cards/What-Premium-Card-Should-I-Get/m-p/5665398

https://ficoforums.myfico.com/t5/Credit-Cards/Chase-shutdown-questions/m-p/5640704

 

I misremembered some of it, but in June you were worried about Chase shutting you down for new accounts. July 1 you talked about gardening for a while. It sounded like you were interested in CSP/CSR.

Spend: BofA PR + WWFCR, BBP, Schwab Platinum, CFF+CF, Costco, Discover
Perks: IHG49, Hyatt75, Delta Platinum, "Old" SPG95
SD/AAoA Ballast: Arrival, CFU, DC
Upgrade/downgrade games: BCE, EDP
SUB: JetBlue, Amex Platinum
Mostly earning MRs and cash back as I use up hotel and airline points spread across several programs.
Message 24 of 25
redpat
Senior Contributor

Re: Redundancy


@ToxikPH wrote:

I don't use my BBP as I don't want to risk Amex seeing personal spend on the card and shutting down my other accounts as the Hilton card is my main card. 


Amex doesn’t care.  Use it!

 

Don’t close Amex less than a year.  

 

The problem you have is applying for credit for no reason.  For example, why did you apply for the Apple Card?

 

wait to close anything because you already paid the AFs.

 

use BBP for everyday spend gold for meals and grocery, plat for airfare and wait for a Hilton transfer bonus if you want Hilton points.  The Hilton card should be used for stays only.

 



Personal Cards: Amex Plat | Amex Delta Res | Amex Hilton | CSR | Citi AA Exec Business Cards: Ink+ | Amex BGR
Message 25 of 25
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