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re: Credit Card Rewards and Points Discussion
Posted on 8/1/17 at 9:21 pm to VABuckeye
Posted on 8/1/17 at 9:21 pm to VABuckeye
quote:
Yeah. AA miles are good for me but bad for others. Location dependent.
I used to get 35k rt from HNL to MSY or wherever on the mainland. That is now 40k and can barely find those. If I'm super flexible I can go to CA but I haven't seen great rates to NOLA in a while. Going to Europe from here they're 80k. They suck. I was big on AA for a while, I had multiple cards and kept them and tried only racking them up for a while outside of SPG. I've learned the UR lesson
and won't be giving AA much business anymore. I have 140k AA miles and wifey has about 60k so we'll try to do a nice one-off and be done with them. I hope they somehow lose business because of their shitty redemption and eventually get back to offering decent deals. quote:
Yesterday, I had the check in my hand for $2100. Would have been a lot quicker, but the delay was caused on my end.
Nice, AK
This post was edited on 8/1/17 at 9:23 pm
0
Posted on 8/2/17 at 7:49 am to GenesChin
quote:I would get it if I could, but I'm not a military member nor is anyone in my family. I don't understand why I got down voted though
The USAA 2.5% card >> Double Cash
Name a better card for my use? I don't fly, don't eat out enough for 5% to be useful and I only spend about $300/mo. on gas and groceries. Name a card that is better than the Citi Double Cash that will get me more cash back than that. I also only spend about $3500/mo on the card. So that is $70 cash back. 
Posted on 8/2/17 at 8:21 am to MontyFranklyn
If I was doing the cash back route, I would get as many no annual fee cards as I could that provided the highest return in those categories, no matter what my level of spend was.
The Double Cash isn't all that terrible if you're trying to keep it simple though.
The Double Cash isn't all that terrible if you're trying to keep it simple though.
This post was edited on 8/2/17 at 8:22 am
Posted on 8/2/17 at 8:43 am to Teddy Ruxpin
It basically would boil down to me getting two additional cards which I don't want to keep up with. That means I would have to make sure my wife is also using the right card for the right purchases. I know it would be easy after a while, but it still isn't that big of a deal to me. I mean I may earn an additional $200 or so a year maybe. Not worth the trouble. Whenever someone starts offering 3% flat I am jumping all over it.
Posted on 8/2/17 at 8:51 am to MontyFranklyn
quote:
Whenever someone starts offering 3% flat I am jumping all over it.
Ya, I doubt that will happen. Hell, even 2% cash back should technically be a money loser for the CC company. Their interchange fees are probably only going down over time. I guess they are hoping interest charges help them afford the cash back.
Posted on 8/2/17 at 9:15 am to MontyFranklyn
quote:
It basically would boil down to me getting two additional cards which I don't want to keep up with
It just doesn't offer a signup bonus. The easiest way to do it is get 1 card with a bonus, then rotate to a new card every ~6months. Always just 1 card to track
For exapmle, the Chase Sapphire Preferred is a $500 signup bonus w/ no annual fee year 1. After year 1, you can downgrade to the free Chase FreedomU that is 1.5% cash back
To match that $500 signup bonus from the CSP, you'd have to spend at least $50,000 with the double cash card
Posted on 8/2/17 at 9:17 am to Teddy Ruxpin
quote:
Hell, even 2% cash back should technically be a money loser for the CC company
USAA offers the 2.5% but requires a direct deposit be made. Seems more like a marketing ploy to encourage people to look into USAA for more than just insurance + provide capital for their lending operations
I use USAA as my primary bank already so it was awesome for me.
This post was edited on 8/2/17 at 9:19 am
Posted on 8/2/17 at 9:19 am to GenesChin
quote:
USAA offers the 2.5% but requires a direct deposit be made. Seems more like a marketing ploy to encourage people to look into USAA for more than just insurance + provide capital for their lending operations
Oh, I know what they're doing but it is certainly a money loser on its own. 2% was a reach already, 2.5% is crazy. A company would have to be crazy/desperate or both to go to 3%. The losses would be pretty bad.
This post was edited on 8/2/17 at 9:20 am
Posted on 8/2/17 at 9:34 am to Teddy Ruxpin
OBC/SC?
Posted on 8/2/17 at 10:50 am to GenesChin
quote:I do look for those with the signup bonuses. The ones that offer you like $200 to spend a thousand in 3 months are easy money. I spend that in a week and a half.
It just doesn't offer a signup bonus. The easiest way to do it is get 1 card with a bonus, then rotate to a new card every ~6months. Always just 1 card to track
For exapmle, the Chase Sapphire Preferred is a $500 signup bonus w/ no annual fee year 1. After year 1, you can downgrade to the free Chase FreedomU that is 1.5% cash back
To match that $500 signup bonus from the CSP, you'd have to spend at least $50,000 with the double cash card
Posted on 8/2/17 at 10:52 am to Teddy Ruxpin
quote:Interest definitely pays for cash back. There are so many people that carry huge balances or max out their cards and only pay the minimum payment that it really is pretty ridiculous. I just understand, like most of the posters here, to pay it off and get the cash/rewards.
Ya, I doubt that will happen. Hell, even 2% cash back should technically be a money loser for the CC company. Their interchange fees are probably only going down over time. I guess they are hoping interest charges help them afford the cash back
Posted on 8/2/17 at 12:08 pm to MontyFranklyn
The most nuts part to me is they let you pull in $1 incremenTs
People who sit on their rewards because they don't have $21 instead of $25 increments adds up. Don't know rules on reserves to pay out rewards but they can make some extra money on the backend
People who sit on their rewards because they don't have $21 instead of $25 increments adds up. Don't know rules on reserves to pay out rewards but they can make some extra money on the backend
This post was edited on 8/2/17 at 12:10 pm
Posted on 8/2/17 at 12:12 pm to MontyFranklyn
Double cash jusdoesnt have a signup bonus. A lot of other cards do which makes them more valuable even w lower rewards rate
The reason I do USAA 2.5% though is more because I get instant payoff/bank withdrawal. Don't have to wait the 3+ day bullshite for ACH to process
The reason I do USAA 2.5% though is more because I get instant payoff/bank withdrawal. Don't have to wait the 3+ day bullshite for ACH to process
Posted on 8/2/17 at 1:25 pm to AmeriKop45
Required a lot of "spend" to activate the 5x.
I'm talking about these cards from an overall commercial product perspective and not us gamers. They made up transaction fees on that first $6500 that allowed them to rebate on the back end.
There's also a reason it's called "Old" now ie it was costly
I'm talking about these cards from an overall commercial product perspective and not us gamers. They made up transaction fees on that first $6500 that allowed them to rebate on the back end.
There's also a reason it's called "Old" now
ie it was costlyThis post was edited on 8/2/17 at 1:26 pm
Posted on 8/2/17 at 1:32 pm to Teddy Ruxpin
Oh yeah I forgot the $6500 spend requirement. And SC is biz, although does not require triggering spend.
Posted on 8/2/17 at 2:36 pm to GenesChin
quote:Yea, I will get the cards with the signup bonuses just for the bonus and stop using it after I get the reward.
Double cash jusdoesnt have a signup bonus. A lot of other cards do which makes them more valuable even w lower rewards rate
The reason I do USAA 2.5% though is more because I get instant payoff/bank withdrawal. Don't have to wait the 3+ day bull shite for ACH to process
Posted on 8/3/17 at 10:15 am to MontyFranklyn
Signed up for Costco recently...noticed they have a Visa Costco credit card available. 4% back on gas 2% back on Costco products.
I see it's through Citi, which I know gets a bad rap, but does anyone else have or use this card? Considering getting it.
I currently use CSR for EVERY purchase I make and have Chase Freedom, Discover IT, and various store cards that i leave at home.
I see it's through Citi, which I know gets a bad rap, but does anyone else have or use this card? Considering getting it.
I currently use CSR for EVERY purchase I make and have Chase Freedom, Discover IT, and various store cards that i leave at home.
Posted on 8/3/17 at 11:11 am to Lazy But Talented
Anybody have any ideas to acquire points through paying friends?
I have almost $1000 I owe to friends for various trips, fantasy football, and other various things and I absolutely hate paying that kind of money with no return.
On top of that I have a $5000 minimum spend I have to hit on my new Chase Ink that I'd like to put it on.
I was going to Venmo most of it, but that's a 3% fee. I was thinking gift cards and liquidate, but I don't know anywhere in Nola to liquidate gift cards?
Any ideas?
I have almost $1000 I owe to friends for various trips, fantasy football, and other various things and I absolutely hate paying that kind of money with no return.
On top of that I have a $5000 minimum spend I have to hit on my new Chase Ink that I'd like to put it on.
I was going to Venmo most of it, but that's a 3% fee. I was thinking gift cards and liquidate, but I don't know anywhere in Nola to liquidate gift cards?
Any ideas?
Posted on 8/3/17 at 2:03 pm to Lazy But Talented
quote:
I currently use CSR for EVERY purchase I make and have Chase Freedom, Discover IT, and various store cards that i leave at home.
It depends what you value points at. The CSR will give you 1.5% if you redeem for travel directly with them as there are no bonus points on Costco charges. If you use a better redemption (like mileage transfers) on the CSR, then you need to decide how much that is worth to you. I have the Citi Costco card but only use it for gas to get the 4%.
Also, you should consider using the Chase Freedom card on the bonus categories. This quarter its restaurants, so you'd get 5x vs 3x on the CSR. The points can be combined. You need to register each quarter for the bonus categories.
Posted on 8/3/17 at 2:34 pm to txtiger79
quote:
This quarter its restaurants, so you'd get 5x vs 3x on the CSR.
Yeah I'm an idiot. Thanks for the reminder. I'll put the Freedom in my wallet.
quote:
The CSR will give you 1.5% if you redeem for travel directly with them as there are no bonus points on Costco charges.
Ah this is such a good point. I will almost exclusively use bonuses for travel. So I guess the Costco card is a no-go for me.
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