Credit Card Thread - Now with a Beginner's Guide to free travel/FAQ

Discussion in 'The Mainboard' started by blind dog, Apr 10, 2015.

  1. WC

    WC Bad Company, ‘til the day I die.
    Donor TMB OG
    North Carolina State WolfpackAtlanta BravesCarolina PanthersCarolina HurricanesUnited States Men's National Soccer Team

    ....they’re 100% onto it....
     
  2. Uncle Tupelo

    Uncle Tupelo Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCleveland Browns

    I guess I should rephrase: Its going to be a sad day when Chase starts enforcing this.
     
    WC likes this.
  3. WC

    WC Bad Company, ‘til the day I die.
    Donor TMB OG
    North Carolina State WolfpackAtlanta BravesCarolina PanthersCarolina HurricanesUnited States Men's National Soccer Team

    Denied :(
     
  4. TAS

    TAS 20_ _ TMB Poster of the Year
    Donor

    That's bullshit
     
  5. ohhaithur

    ohhaithur e-Batman
    Donor

    :(
     
  6. LSU90

    LSU90 Well-Known Member

    When that happens ill happily walk away with my current 1.4 million chase points and find something ridiculous to do with them when i have time.
     
    marcus, Uncle Tupelo and ohhaithur like this.
  7. ohhaithur

    ohhaithur e-Batman
    Donor

    Are you hedging/cashing out at all?
     
  8. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    i'd be too risk averse to hold that many in one pot

    would put some in hyatt and virgin atlantic (very personal choice obviously)
     
  9. ohhaithur

    ohhaithur e-Batman
    Donor

    Southwest, Hyatt, cash out for me
     
    Lyrtch likes this.
  10. i am a bammer

    i am a bammer Ben Eblen>Jamychal Green
    Donor TMB OG
    Alabama Crimson TideSan Diego Padres

    Yeah bud that's a pretty serious asset at this point. Diversify your bonds.
     
  11. Uncle Tupelo

    Uncle Tupelo Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCleveland Browns

    This is exactly what I'm doing. Once P2 and I get our CIP 5s, we are transferring out to Hyatt and Southwest to cover our honeymoon and a few other small trips in the next 12 months, then cashing out the remainder to put some extra cash on student loans. We're both 4/24, so we'll probably grab another card and move to Amex.

    All points are worth 0 cpp unless you use them, even if you dont optimize every redemption
     
    ohhaithur likes this.
  12. LSU90

    LSU90 Well-Known Member

    Why transfer or cash out? Worst worst case scenario is they shutdown my account and I have 30 days to redeem my points correct? At that point I just cash out and walk away.
     
  13. Uncle Tupelo

    Uncle Tupelo Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCleveland Browns

    Worst case scenario is they shut you down without the ability to use points. They havent done it before, but others have, and they are well within their rights to do so.

    99% you're probably fine, lm just extra cautious when it comes to shutdowns. I've read reddit posts where people lost like 2 mil MR points.
     
    WC, i am a bammer and ohhaithur like this.
  14. Lip

    Lip Well-Known Member
    Donor
    Michigan State SpartansDetroit LionsGeorge Washington Colonials

    No - that’s not worst case.
     
    gordon bombay likes this.
  15. Todd Bonzales

    Todd Bonzales Sex with old ladies for money aaaand bear traps.
    Donor
    Ohio State BuckeyesCleveland BrownsUSA RugbyTiger WoodsOhio BobcatsCleveland CavaliersCleveland IndiansOlympics

    I try and build points up, but then find a reason to blast them all away if I get to a certain threshold. That is a wild amount of points, man. I mean kudos, but split that shit up.
     
  16. Louis Holth

    Louis Holth but we also just might be those motherfuckers
    Donor
    South Carolina GamecocksAtlanta BravesCarolina PanthersTottenham Hotspur

    My wife always spends the points on flights to see her family.
     
    marcus likes this.
  17. tjosu

    tjosu This is kind of like the breakfast club, huh?
    Donor
    Oklahoma State CowboysHouston AstrosHouston TexansTiger Woods

    I have a friend who has something close to that amount of points combined with his fiancee that has never spent a single one :facepalm:
     
    marcus, CoastalOrange and laxjoe like this.
  18. The B1G Kucktis

    The B1G Kucktis 2 years, VARSITY!!
    Donor
    Penn State Nittany LionsPhiladelphia PhilliesPhiladelphia 76'ersPhiladelphia EaglesPhiladelphia FlyersTiger WoodsWolverhampton Wanderers

    My wife and I have close to 500,000 Hyatt points at the moment.
     
    pratyk likes this.
  19. laxjoe

    laxjoe Well-Known Member
    Donor
    San Diego State AztecsSan Diego Padres

    we have 350K chase points and 700,000 hilton points, but a majority of those will be spent this summer. i can't imagine having that many points in the UR "bank"
     
    marcus likes this.
  20. Where Eagles Dare

    Where Eagles Dare The Specialist Show On Earth
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    Auburn TigersAtlanta BravesWashington Football TeamAtlanta United

    I don't see the issue with the CIP cards.

    Nothing is being done against any of the T&C, so I doubt they shut it down.
     
  21. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    devaluation is the other fear and why i use my points quickly

    could halve the value of them in an email
     
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  22. Where Eagles Dare

    Where Eagles Dare The Specialist Show On Earth
    Donor
    Auburn TigersAtlanta BravesWashington Football TeamAtlanta United

    Well as long as that side sole proprietor business is still going
     
  23. ohhaithur

    ohhaithur e-Batman
    Donor

    Oh honey
     
  24. Where Eagles Dare

    Where Eagles Dare The Specialist Show On Earth
    Donor
    Auburn TigersAtlanta BravesWashington Football TeamAtlanta United

    So with AA ppl were using stuff that wasn't sent to them, using a random name to get a code, etc.

    That's widely different than just applying for a card over and over again.
     
  25. ohhaithur

    ohhaithur e-Batman
    Donor

    Some were, sure. But there are shutdowns at 4 bonuses

    Enough CIP people have self-referred and have an absurd amount of CIPs that the party will end at some point, likely with clawbacks of some sort
     
    Uncle Tupelo and pratyk like this.
  26. Uncle Tupelo

    Uncle Tupelo Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCleveland Browns

    Yup. Almost nobody suspected AA accounts would be disabled without warning, because it hadn't happened before. Sounds awfully familiar to the CIP loophole, and its why I went from hoarding URs for the perfect redemption, to burning them.
     
    ohhaithur likes this.
  27. pratyk

    pratyk Arsenal FC, Rutgers Scarlet Knights
    Rutgers Scarlet KnightsArsenal

    Between me & the missus, i'm sitting on 800k UR .. Looking to use them before the end of the year because I don't want the uncertainty / loss similar to the 650K AA miles that are in my account, sitting there until something changes
     
  28. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    think I might shed my Marriott Bonvoy whatever (formerly SPG Lux)

    not worth the effort to basically break even every year, free nights get clunky to use when I have most the years travel already booked by the time my night comes through
     
  29. ohhaithur

    ohhaithur e-Batman
    Donor

    Me as well
     
    Lyrtch likes this.
  30. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    I just did the same thing for the same reason.
     
    Lyrtch likes this.
  31. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor

    i assume they reimburse prorated annual fee?

    i didn't time it perfect, but i did use my $300
     
  32. bro

    bro Your Mother’s Favorite Shitposter
    Donor
    Tennessee VolunteersLos Angeles DodgersBuffalo BillsBuffalo Sabres

    Chase Reserve and Lyft just teamed up



    and free DoorDash - Dash Pass for 2 years
     
    PAHokie likes this.
  33. laxjoe

    laxjoe Well-Known Member
    Donor
    San Diego State AztecsSan Diego Padres

    We also recently landed on the moon:awesomeface:
     
  34. bro

    bro Your Mother’s Favorite Shitposter
    Donor
    Tennessee VolunteersLos Angeles DodgersBuffalo BillsBuffalo Sabres

    :(

    I just got the email about the lyft thing this AM! I thought I'd be the first to know, ha
     
    laxjoe likes this.
  35. laxjoe

    laxjoe Well-Known Member
    Donor
    San Diego State AztecsSan Diego Padres

    Just giving you a hard time. But I think we were talking about that 4 or 5 pages ago and I think I got the email a week ago
     
  36. LSU90

    LSU90 Well-Known Member

    Y'all have definitely made me more worried about having all my points parked there lol. I don't want to transfer because then I lose the flexibility of the UR portal. Only other choice would be to cash out at a 1 to 1 valuation :(. Maybe ill transfer a couple 100k to southwest, united, Hyatt, and Marriott. We use points anytime we travel but when I am getting 100k points every two months and can redeem at 1.5x its hard to overcome that. Anyone have any thoughts or ideas on what I should do?
     
    ohhaithur and marcus like this.
  37. Todd Bonzales

    Todd Bonzales Sex with old ladies for money aaaand bear traps.
    Donor
    Ohio State BuckeyesCleveland BrownsUSA RugbyTiger WoodsOhio BobcatsCleveland CavaliersCleveland IndiansOlympics

    Fly to Mars.
     
  38. Menelaus

    Menelaus The Red-Haired King
    Donor
    Alabama Crimson TideReal Madrid

    CIP2 application is in with a referral from wife. Got hit with the "thank you for your interest we will let you know ASAP" email. What kind of wait am I looking at here? I can't remember since its been over a year since CIP1 for me.
     
  39. NoNatty

    NoNatty Keyboard Cowboy
    Donor
    Oregon DucksPortland Trail BlazersSan Francisco 49'ersManchester UnitedPortland Timbers

    call the recon line ASAP.
     
  40. CTownND

    CTownND Well-Known Member
    Donor

    I called Amex over the exact same thing with my Platinum card last week, and yes they prorate the fee back when you cancel
     
  41. i am a bammer

    i am a bammer Ben Eblen>Jamychal Green
    Donor TMB OG
    Alabama Crimson TideSan Diego Padres

    Send enough points to Hyatt for two weeks in Category 8 properties
    :blessed:
     
  42. Uncle Tupelo

    Uncle Tupelo Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCleveland Browns

    Probably a couple days in my experience. Keep calling the automated status line every day to check your application.
     
  43. ohhaithur

    ohhaithur e-Batman
    Donor

    How many Hyatt points can you use in 5 years? SW? Send those at the least. Honestly at this rate you could cash out a lot and invest and you'd be at 1.5 soon enough in actual cash
     
  44. LSU90

    LSU90 Well-Known Member

    Please explain? Im not well versed on the partners. Moreso just concentrated a small amount of time on how to rack up as many Chase points as possible.

    Not sure. I live 2+ hours from the closest SW hub but I have United in my hometown so that is more appealing (not sure value wise). Hyatt obviously is everywhere but I really enjoy Airbnb's when I travel but thats moreso because I can find a good deal. The reason I kept UR points is because I can book a hotel, flight, and a car all in the same spot at 1.5x and not be tied to a specific hotel chain or airline.

    Not really sure what I should do but know I probably should do something. Also, would like to possibly go to Thailand with the wife this Summer so may try to plan that now.
     
    #12144 LSU90, Jan 29, 2020
    Last edited: Jan 29, 2020
  45. ohhaithur

    ohhaithur e-Batman
    Donor

    There are insane hyatt resorts for 25,000-30,000 hyatt points a night. Way more valuable than 1.5
     
  46. ohhaithur

    ohhaithur e-Batman
    Donor

    This dude right here spent 25,000 UR a night for a $750/night room by transferring to Hyatt LSU90
     
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  47. LSU90

    LSU90 Well-Known Member

    Awesome. Did not know that so appreciate the help. Thinking maybe cashout 500k, throw 200k to united (already have 130k), 250k to Hyatt, and 150k to SW lol? Leaves me with 300k in UR. I know there isn't a right answer just once its done its done. I will keep doing my CIP game as well.

    Side note wifes CIP5 got approved this morning without any hiccups.

    Damn. Wife takes the bar in 3 weeks so after that we both will have normal routine lives and I can sit down and actually plan something.
     
    marcus likes this.
  48. WC

    WC Bad Company, ‘til the day I die.
    Donor TMB OG
    North Carolina State WolfpackAtlanta BravesCarolina PanthersCarolina HurricanesUnited States Men's National Soccer Team

    It’s true, I did that. And did 3 more nights at a 5* Hyatt partner with Small Luxury Hotels on points too.

    Hyatt rules.
     
  49. ohhaithur

    ohhaithur e-Batman
    Donor

    a
     
    #12149 ohhaithur, Jan 29, 2020
    Last edited: Jul 8, 2020
    LSU90 likes this.
  50. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
    Donor
    Penn State Nittany LionsGreen Bay PackersChelseaHartford WhalersPhoenix Rising

    Got return flights from Bangkok with the ICN > SFO leg in Polaris for 75k each. Seems like pretty good value.
     
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