Can someone please explain this to me like I'm 5? I only have 27k points after going on a big trip last year. Should I be cashing out or just keep stockpiling points? Buying a house right now so I'll have probably $3 - $5k in expenses coming up for furniture, painting, ect. There's also this pay yourself back on the side which I think is confusing me. Cash back seems much more straight forward.
Cash back is only at 1 cent per point. Pay yourself back is temporarily at 1.5 cents per point. That’s what we are doing. Bird in hand and such.
So I have excellent credit score and have paid a lot of money off of my discover card this year and have gotten like no rewards or cash back. Am I supposed to sign up for something or what or should I get a different credit card
Financial guru has one credit card without rewards....hmm... It depends, the OP has a whole process that most of us do itt that involves opening numerous credit cards to take advantage of signup bonuses. There's also ways to optimize having 3 or 4 cards only (most people who just pop itt do this). And obviously we can help you if you want just 1. It's best if you think about what you're interested in doing, how many cards you want to open, where you spend your money, and then letting us know. We can advise from there
So I have 515k UR. Was planning on saving them for a trip to Hawaii or something next year with the wife. Should I just cash them out for the $7500?
I would prefer benefits like free and discounted travel I think I can already say I only want 1 card. I don’t have the energy or memory to keep up with numerous
You probably don't have enough transactions to pay yourself back for all but if you can, why not. Again unless you were transferring to a partner for a big bonus
Chase Sapphire Preferred. Nice $750 bonus to start. And if you use it enough after a while, upgrade to the Chase Sapphire Reserve
Thank you sir What do you recommend I do with my discover card? Leave it open and make a small payment each month or something?
Your credit score improves if you hold it so if there's no fee, no need to close it. Just make a small purchase once a year to keep it active
I never keep a balance on my cards. I used pay yourself back to pay what balance I had. What happens if I use another 50k points? Will they mail me a check eventually?
You can request a check. Otherwise you’ll just have a credit on your account for future purchases. It allowed me to go back 90 days so it was easy for me to have enough purchases to cover my 135k points.
Then cash out. You might miss out on some ridiculous first class flight but it's a huge hassle and risk
how much do you travel (pre-Rona)? odds are you aren’t going to blow through that in short order unless you go first class and there’s always the chance points get devalued over time. I’d cash out at least a portion
Just used all my UR’s to get a trip to Mexico next month. Let’s see if I get stuck in Puerto Vallarta for an extended period of time.
I'm about to go on a spending spree the next few months and am looking for maximum value. I currently have the CSR and the Amazon Chase cards. Credit score is 801 right now. Any suggestions on best value for travel points would be great. I'll obviously use referral codes if you have them.
What airports are you flying from? Any particular destinations? Preferred hotel chains? If you're interested in a SW card, I like my Priority. I will probably keep it even past my 1 year as it comes out +$38 for me after the fee. I got in on a 75k offer. But if you are ok with the current 40k offering: Earn 40,000 points with any Southwest® personal Credit Card. https://www.referyourchasecard.com/226p/OKKFBK2WY0
I'll be flying from RDU or CLT in the future. I am hoping to finally take a trip to Thailand that I have planned since 2017 and have had to cancel 2 separate flights because of different reasons. They're both long stories but given everything that has happened recently, I want to finally take that trip for myself.
Get the sapphire preferred or reserve depending on your spending. If you want hotels, go for the Hyatt card. Airline cards are just okay.
I think it depends on when you got your Reserve, you might be ineligible for getting another Sapphire bonus, and I think there’s also a clause about only having one card from the Sapphire line at a time (that’s why the loophole of applying for both at the same time worked before)
So the GF is looking for a new CC and I figured this was the right place to start in asking for guidance on what she should go with. She currently only has the Delta Gold card. I have the Marriott Bonvoy (AmEx), CSR, Chase Freedom, Chase Hyatt, and Citi AA Biz (along with some others that aren't that important at the moment). I say that to mean that I have status with Marriott with a fair amount of points as well as status with AA and had a decent amount of points with Chase before a recent booking. For those that have significant others, did you go the route of having different cards to diversify your options or did you go the same path in order to maximize your points (like with Chase)? She seems to use Orbitz a fair amount and was thinking about the Orbitz CC with the 5% cash back option. Any suggestions?
You're already extremely diversified, there's no reason to diversify more. It'll just be more annoying than anything. Trust me, I do it with my certificates all the time.
So should I have her go with the Chase Biz card then CSR? Or a different path? EDIT: Probably the Hyatt too.
Do the chase freedom categories ever leak before hand? I searched reddit but didn't see anything. I've got a grill sitting in my cart on Home Depot but it dawned on me that home improvement would seem to be a likely candidate for this next quarter.
Idk but I feel like it should come soon. Discover sent me an email yesterday announcing their 5% cash back categories for the upcoming quarter. Since gas stations were included in the current Discover cash back quarter, they added Home Depot for the month of June.
I have a feeling the rest of the year will be trash quarters (from my personal perspective) since they've already gone through cable/ISP, gas, and groceries. They do restaurants in the summer sometimes but doesn't do a whole lot of good right now.
I'm guessing they will be announced Monday since that is the first day you can activate the Q3 5% cash back
How long is the Chase pay yourself deal available? I think that will be my best value for redemption.
Can the chase pay yourself be used to cover gift cards bought at grocery/home improvement stores. Thinking I will cash in a few points to buy some tools.