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re: Credit Card Rewards and Points Discussion

Posted on 8/5/16 at 8:47 pm to
Posted by GenesChin
The Promise Land
Member since Feb 2012
37852 posts
Posted on 8/5/16 at 8:47 pm to
I would have wondered if there would be some type of devaluation but don't see why they'd devalue partner transfer
Posted by Sho Nuff
Oahu
Member since Feb 2009
14007 posts
Posted on 8/5/16 at 8:59 pm to
quote:

My Amazon GC purchases alone justify the INK

You mean buying Amazon GC from a office supply? I did that recently for $1000 at Amazon. I also bought $1000 in gas cards so yeah those are reasons I would likely keep Ink no matter what. Plus the phone/cable/utilities which is another $350/month x 5.

Hopefully the Reserve has some good multipliers other than the 3x for gas and dining. I'm pretty sure I'm screwed on the 5/24 though
Posted by Sho Nuff
Oahu
Member since Feb 2009
14007 posts
Posted on 8/5/16 at 9:01 pm to
quote:

Safeway grocery store

So you can buy the Safeway GC's on Staples through UR portal and get 5x? That's good to know. We go every couple weeks and drop $200 each time.
Posted by TigerRob20
Baton Rouge
Member since Nov 2008
3733 posts
Posted on 8/5/16 at 10:44 pm to
Can you use Safeway cards at Albertsons yet?
Posted by fatboydave
Fat boy land
Member since Aug 2004
17979 posts
Posted on 8/5/16 at 10:54 pm to
quote:

You mean buying Amazon GC from a office supply? I did that recently for $1000 at Amazon. I also bought $1000 in gas cards


I don't see that being a good deal. I think I must be in rewards hell. Amazon has slightly higher prices on things like groceries and related things that only benefit me if I don't drive to the store. that includes tax. I got much better deals going to walmarks with a cardcash card at 5x Ink. FREAKIN CARD CASH
:banghead: :banghead:
Posted by Sho Nuff
Oahu
Member since Feb 2009
14007 posts
Posted on 8/5/16 at 11:01 pm to
quote:

don't see that being a good deal.

I don't use Amazon for groceries, but it's 5x on those and gas GC from a office supply. Also, if the other guy was saying you can buy Safeway in the portal from Staples and get 5x as well on your Ink.
Posted by AmeriKop45
Coach, Wing Tip Seat
Member since Jan 2016
2102 posts
Posted on 8/5/16 at 11:03 pm to
You're really upset about this. Why don't you just shop at target? Buy GCs from Staples.
Posted by DaBeerz
Member since Sep 2004
18309 posts
Posted on 8/5/16 at 11:57 pm to
So what's the strategy for this new chase sapphire... I have 3 chase cards with about 55k credit card limit total. I'm under 5/24.

Have freedom and CSP. I want to cancel CSP and get the reserve... Would I lose my UR points if I cancel CSP prior to applying the new one or can I transfer them to the freedom temporarily? Worried about overextending my credit if I apply for reserve then cancel CSP afterwards
Posted by fatboydave
Fat boy land
Member since Aug 2004
17979 posts
Posted on 8/6/16 at 12:22 am to
quote:

Why don't you just shop at target?

Nearest one is 20 minutes away
Gonna have to rethink the purchases and start bringing a cooler in the car

Walmarks was so much easier letting someone else do the shopping! And only 5 mins away
Posted by GenesChin
The Promise Land
Member since Feb 2012
37852 posts
Posted on 8/6/16 at 12:40 am to
I have the option of booking a $600 suite for 13k points or staying for free with my inlaws after our friends' wedding


It is the tough decisions in life that drive me crazy
Posted by GenesChin
The Promise Land
Member since Feb 2012
37852 posts
Posted on 8/6/16 at 12:47 am to
quote:

Amazon has slightly higher prices on things






You must not know how/what to buy from Amazon. Everything I order is significantly cheaper than the grocery store.

quote:

like groceries and related things


Ya... don't buy that stuff. That's stupid
Posted by Sho Nuff
Oahu
Member since Feb 2009
14007 posts
Posted on 8/6/16 at 12:59 pm to
SPG and AA are doing the promotion where you get 30,000 miles for 20,000 SPG points again until 9/14.
Posted by GenesChin
The Promise Land
Member since Feb 2012
37852 posts
Posted on 8/6/16 at 2:22 pm to
quote:


SPG and AA are doing the promotion where you get 30,000 miles for 20,000 SPG points again until 9/14.


Is this even that good of a deal? SPG points are pretty valuable from what I undersatnd
Posted by AmeriKop45
Coach, Wing Tip Seat
Member since Jan 2016
2102 posts
Posted on 8/6/16 at 5:33 pm to
Well SPG points are so valuable becuase you can transfer to airlines at 1.25 per point. AA has no other transfer partners except SPG. So getting 1.5 AA points per SPG is a great deal. If you have use for AA points and don't already have a ton.
Posted by pjab
Member since Mar 2016
5761 posts
Posted on 8/7/16 at 12:31 pm to
The Visa Infinite aspect of the Reserve seems interesting. There is a $200k household income requirement for the only current US card. There is also a $100 credit when you book 2 airline tickets.

There may be a Ritz Reserve card that will be rolled out at the same time which isn't subject to 5/24.

https://www.doctorofcredit.com/heres-chase-telling-bankers-upcoming-sapphire-reserve-card/
This post was edited on 8/7/16 at 12:35 pm
Posted by thatguy777
br
Member since Feb 2007
2507 posts
Posted on 8/8/16 at 10:42 am to
I did the Southwest Cards this year for the companion pass. I am wondering if there is a business card to replace with the Southwest Premier Business that does not have an annual fee? I do not want to cancel the SPB card and have my credit limit lowered. I would just like to roll to a new business card with no AF and hopefully get some UR points out of it, if possible.

Any suggestions?
Posted by AmeriKop45
Coach, Wing Tip Seat
Member since Jan 2016
2102 posts
Posted on 8/8/16 at 11:19 am to
I would highly recommend the Chase Ink. It comes with a 70K point bonus after match and 5X on Office Supply stores, and 3X at gas stations. That is well worth the $95 fee for year 1. If you can buy merchant GCs at Staples/Office Depot for the 5X points for your regular spend, then you will likely come ahead each year. If you spend at office supply stores at all, then this card is a must anyway.

Plus if you don't have a CSP this is good to have to give access to travel partners. If you really don't want to keep it after year 1, you can product change to Ink Cash which has the same 5X categories with no annual fee. However, you lose access to travel partners unless you have the CSP.
This post was edited on 8/8/16 at 11:20 am
Posted by thatguy777
br
Member since Feb 2007
2507 posts
Posted on 8/8/16 at 11:22 am to
Thanks! I do not have the CSP currently. I have the freedom with the 5x categories each quarter. I was about to get the CSP, but then I heard of the Reserve that is about to be released and plan on applying for that right away.
Posted by AmeriKop45
Coach, Wing Tip Seat
Member since Jan 2016
2102 posts
Posted on 8/8/16 at 11:28 am to
Depending on how you are doing with 5/24, there is no reason why you shouldn't get both (Ink and CSR). Thats a cool 170K easy UR.
Posted by thatguy777
br
Member since Feb 2007
2507 posts
Posted on 8/8/16 at 11:34 am to
I am good on the 5/24. I have 3 new cards in the last 24 months. So should I call chase and ask them to roll my SPB into the Chase Ink and give me the bonus points for the 5k spend? I haven't done this before. I know with the SW Premier personal I can just ask them to add that credit limit to my freedom, but this would be a little different.
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