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runawayturtles posted:If you also have the Sapphire Reserve, the points redemption multiplier boosts the Freedom Unlimited to 2.25%. The Sapphire Preferred boosts it to 1.875%. Some conditional asterisks to put on Chase Sapphire points: *Redeeming points for money in the bank is 1 cent per point, no multiplier. *The Sapphires' multipliers only take effect on either paying for travel through the Ultimate Rewards portal (planes, hotels, rental cars available through Chase) or for statement credit in Pay Yourself Back which has quarterly purchase categories. *Another redemption route is gift cards, most of which are 1 cent per point but some are have a 10% discount or 1.1 cents per point. *Travel partner mileage may vary. Among airlines, some partner programs have a 1:1 point exchange rate, while others may redeem at better rates if you are flying to a specific country. There are a lot of factors to consider, at least for unwashed poors like me. actionjackson posted:for just basic cash back, is there any reason for me to use chase freedom unlimited over the WF active cash card? To answer the original question: If those are your only two cards, then use the Freedom Unlimited for restaurants and drugstores for the 3% back and book travel through Chase for 5% back when applicable, and use the Wells Fargo 2% back everything else. Space Fish fucked around with this message at 21:07 on Nov 2, 2022 |
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Nov 2, 2022 20:37
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Don't forget Pay Yourself Back muiltipliers, redeem for apple stuff multipliers, transfer partners that let you redeem for more than a cent per point, etc.
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Nov 2, 2022 20:40
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edited for wrong info My comment assumed access to at least Pay Yourself Back, which for the Reserve is easy to use because restaurants are included. So assuming you eat out or get delivery sometimes, you can get a decent multiplier on Chase points without much effort, making the Unlimited always better than 2%. But anyway, the Reserve is most likely not even relevant to the original question, in which case using the Unlimited for just the 3%/5% categories makes sense. runawayturtles fucked around with this message at 21:12 on Nov 2, 2022 |
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Nov 2, 2022 21:01
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Question. I just did a balance transfer for the first time in my life. I'm pretty sure I put my card number in correctly. I transferred from one bank to another, and yesterday the 'to' bank now shows the balance I transferred, but the 'from' bank still also has me owing that amount. Is that a normal thing and it'll properly all be updated soon, or is that an indication that I hosed up? (and, if I hosed up, is that it or can I un-gently caress it up?)
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Nov 3, 2022 16:19
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redreader posted:Question. I just did a balance transfer for the first time in my life. I'm pretty sure I put my card number in correctly. I transferred from one bank to another, and yesterday the 'to' bank now shows the balance I transferred, but the 'from' bank still also has me owing that amount. Is that a normal thing and it'll properly all be updated soon, or is that an indication that I hosed up? (and, if I hosed up, is that it or can I un-gently caress it up?) it takes several days for it all the shake out on both ends
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Nov 3, 2022 16:26
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Super-NintendoUser posted:it takes several days for it all the shake out on both ends Thanks, phew.
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Nov 3, 2022 16:42
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astral posted:Don't forget Pay Yourself Back muiltipliers, redeem for apple stuff multipliers, transfer partners that let you redeem for more than a cent per point, etc. ok thanks, I haven't really used restaurants or travel at all since covid, so the WF is probably better.
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Nov 3, 2022 16:54
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Super-NintendoUser posted:I have the Amazon Prime Visa card, they sometimes to targeted 10% promos. This quarter I got the 10% Gas station one, which is just fantastic. Last time it came around I used it to buy GC's for Ebay at a Sheetz and it worked out. One of my larger gas station purchases somehow got coded as "grocery" and I missed out on a bunch of cash back. What's their customer service like? Any tips?
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Nov 5, 2022 03:16
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Customer service likely won't help you, merchant codes are selected by the merchants themselves. Safest bet to get gas codes is the fill at non-store related stations and pay at the pump.
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Nov 5, 2022 17:38
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Anyone here have experience with the Verizon credit card? I got an email about it a few days ago, it seems...decent? No annual fee for 4% at grocery stores and gas, 3% on dining, etc. https://www.verizon.com/solutions-and-services/verizon-visa-card
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Nov 13, 2022 09:22
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Yeah, that seems pretty good. It looks like you have to have a Verizon post-paid account to apply though. So 'no annual fee' is arguable depending on how you value your VZW service.
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Nov 13, 2022 11:36
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VorpalBunny posted:Anyone here have experience with the Verizon credit card? I got an email about it a few days ago, it seems...decent? No annual fee for 4% at grocery stores and gas, 3% on dining, etc. It’s 4% in like Verizon bucks. But I got one since I’m the payer of a family plan I just pay our phone bill with it.
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Nov 13, 2022 16:31
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Citi recently redid their entire rewards structure and converted everything to Thank You points across all of their cards. Does anyone know if the Citi Premier card redeems Thank You points for full value now? They previously did not, but then they did for a while, and I have no clue if it was a temporary thing or permanent change. Their own website doesn't seem to say specifically and just says that the 80,000k Thank You point bonus can be cashed in for "$800 in gift cards." https://www.citi.com/credit-cards/citi-premier-credit-card
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Nov 14, 2022 17:09
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Leon Trotsky 2012 posted:Citi recently redid their entire rewards structure and converted everything to Thank You points across all of their cards. If you have a double cash you can link your rewards accounts and just get cash.
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Nov 14, 2022 17:32
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I merged my various Citi thank you points into a single account (had to call support to do this, didn't work online) and got the full cash back 1:1 value as well as the 10% points back from the rewards+ for all points redeemed. Citi Rewards+, Custom Cash, and Double Cash merged. Cashback was direct deposited into a non-Citi checking account.
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Nov 14, 2022 20:25
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Can I prepay my CC to keep my utilization down? I need to spend a bit of money over my average, but also need my score to stay as high as possible for a couple of applications coming up.
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Nov 14, 2022 22:38
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dpkg chopra posted:Can I prepay my CC to keep my utilization down? I need to spend a bit of money over my average, but also need my score to stay as high as possible for a couple of applications coming up. With nearly every credit card provider what gets reported to the credit bureaus and used to calculate your utilization is your statement balance. So you can make an early payment before the statement comes in and keep your utilization low. But be careful doing this, you'll still want to make sure you pay the full statement balance before the due date each month.
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Nov 14, 2022 22:44
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Yeah I have everything on autopay for full statement. I already hosed it up I think because I think my AMEX already reported a fairly big amount, but hopefully I can limit the damage. Thanks!
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Nov 14, 2022 22:51
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dpkg chopra posted:Yeah I have everything on autopay for full statement. If you pay it off, I believe some issuers will report the zero balance rather quickly. Couldn't say which ones offhand, though.
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Nov 14, 2022 23:15
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SamDabbers posted:They changed it to monthly qualification for the 2.5% rather than quarterly. Average daily balance >= $1000, electronic statements, and at least one deposit per month. saintonan posted:Right, but they still give people Tier 1 for the first three months. pseudanonymous posted:Which is kind of dumb, they should give you Tier 2 right away then take it away if yo don't keep up the balance, but oh well. btw side note but I did get Tier 1 rewards (2.5%, the upper tier) for my first month apparently... at least the math seems to add up to 2.53% rewards and the box now says Tier 1. Somewhat oddly they gave me EXACTLY a round dollar amount... and as mentioned it's 2.53%, so a little extra? Weird. Is there a thing with this where they round it up or down to the dollar? And also there's apparently a $50 minimum to redeem, which I didn't quite reach. whatever, at least it's not a yearly redemption lol.
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Nov 15, 2022 03:15
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one of my cards apparently brought down my score by 50 points because i had spent more than normal. mind you i wasn't being dinged for not paying it, i was being dinged for spending "more than usual" on this card. i calculated the percentage and i had used 15.5% of my credit limit... but yeah once i "paid" it off, it immediately restored my credit score. took about 4 days for the score to be updated. pretty sure it was transunion. no other credit was dinged. this poo poo is so dumb.
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Nov 15, 2022 04:08
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Not only is the system itself dumb, this is also why you shouldn't hyperfocus on your score. 50 points one direction or the other won't matter unless it's pushing you on the wrong side of a number like 740, and even then only when you're specifically about to go get a loan.
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Nov 15, 2022 07:39
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Strong Sauce posted:one of my cards apparently brought down my score by 50 points because i had spent more than normal. mind you i wasn't being dinged for not paying it, i was being dinged for spending "more than usual" on this card. i calculated the percentage and i had used 15.5% of my credit limit... Once you do this a few times, the hit from increased utilization will go down somewhat, but if that really concerns you, the answer to this is to get more credit cards, because that will increase your total credit pool and that way it'll reduce your utilization even with the same actual dollar amount of spending. Good on you for paying it off right away, though. The only way to win at credit card rewards is to never ever run a month-to-month balance.
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Nov 15, 2022 12:23
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Paul MaudDib posted:btw side note but I did get Tier 1 rewards (2.5%, the upper tier) for my first month apparently... at least the math seems to add up to 2.53% rewards and the box now says Tier 1. Yeah, you have it right. You're not getting 2.5% actual cash, you're being awarded "DOLLARS" that you can redeem at a rate of $1 per DOLLAR (minimum 50 as you noted). Near as I can tell they always award an exact number of DOLLARS (never any fractions), so they round up from what 2.5% would give you.
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Nov 15, 2022 12:30
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saintonan posted:Once you do this a few times, the hit from increased utilization will go down somewhat, but if that really concerns you, the answer to this is to get more credit cards, because that will increase your total credit pool and that way it'll reduce your utilization even with the same actual dollar amount of spending. Careful, more cards will lower your average age of accounts and increase your inquiries, both of which will be a (probably short-ish-term like a year or so) negative impact. Increasing your limit(s) on existing cards should have no downsides though (as long as you use credit responsibly).
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Nov 15, 2022 15:00
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I’ve read you can, but can you transfer chase reward points to someone you’re living with if they also have a chase card? I’m thinking about getting a chase sapphire for the bonus, downgrading it and then transferring the points to my gf, but I just want to make sure it’s doable.
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Nov 15, 2022 17:44
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Super-NintendoUser posted:
Hey guys, just a reminder to please include your userid in the columns. If there's a problem with the links (like they expire) I can PM you, but if your name changes I can't find you and I'll just delete the entry.
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Nov 15, 2022 18:55
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I'm about to open a Citibank account for my wife. She absolutely hates the idea of having multiple accounts in different banks, so I want to also open an Accelerate Savings account for her, which has a high interest rate. We currently live in GA but will be moving to NY in about a month. The Accelerate Savings account isn't offered in NY. Will Citi close or convert the account if it detects we changed addresses?
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Nov 15, 2022 19:50
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I never trusted Citi, I still don't, with their bullshit thank you points. Just give people straightforward cash back!
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Nov 18, 2022 02:56
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Teriyaki Hairpiece posted:I never trusted Citi, I still don't, with their bullshit thank you points. Just give people straightforward cash back! Glad to see the Custom Cash redeems for cash back at one cent per point. Not glad, however, at the "almost there!" delays in receiving my card. Not sure who's at fault, the postal service or Citi (or both), but first Citi said my card would arrive by the 16th, then said it was out for delivery today... still nothing. Been over a week since it shipped, that's all I'm saying!
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Nov 18, 2022 04:13
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My Custom Cash seemed to take approximately forever to get here, so it seems to be par for Citi.
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Nov 18, 2022 06:30
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Space Fish posted:Glad to see the Custom Cash redeems for cash back at one cent per point. With city rewards + linked you’ll get an extra 10% so 5.5 cents back per dollar spent (until they devalue thank you points)
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Nov 18, 2022 06:36
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Citi Rewards+ could be interesting in the long run to nab that extra $10-20 of expected value. Discover It might knock it out of the near-term running as I assemble a redemption automaton made of 5% rewards categories.
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Nov 18, 2022 20:10
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I started a thread in C&D to talk specifically about churning since that seems to be at cross purposes to this threads focus on solid all around long-term cards: https://forums.somethingawful.com/showthread.php?threadid=4017817
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Nov 18, 2022 20:37
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I'm sitting on 190,000 Chase Sapphire rewards points. What's the best way to spend those? Definitely looking to travel in the next couple of years.
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Nov 30, 2022 08:32
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Ham Equity posted:I'm sitting on 190,000 Chase Sapphire rewards points. What's the best way to spend those? This is just a thing we do, but Hyatt tends to have nice properties in nice places which can be pretty pricey. If you’re getting a $1k room for 30k points, you’re doing pretty well. Availability is also pretty good, which helps if you can’t wait for some random Tuesday frequent Flyer redemption.
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Nov 30, 2022 13:11
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Ham Equity posted:I'm sitting on 190,000 Chase Sapphire rewards points. What's the best way to spend those? Hyatt will net you 2.8x value if you transfer points over to World of Hyatt. Airline-wise the best value really depends on where you're flying and the airline. Check out the Pay Yourself Back categories each quarter, good way to get 1.25x value from the points. Gift card offers on Chase's site net you 1.1x, not amazing but still a boost and could help with buying a gift. Right now on Amazon there are a number of items offering massive value on Chase point redemption, essentially "use Chase points in this purchase and get 50% off." It's limited to the first 80,000 customers who use the offer, so it could go away at any time. I only know about this one because Amazon had me sweating 50% off a Switch game a couple nights ago.
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Nov 30, 2022 16:41
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Ham Equity posted:I'm sitting on 190,000 Chase Sapphire rewards points. What's the best way to spend those? Depends where you travel but that's enough for a few round trip tickets and a handful of nights at Hyatt properties if you transfer them out. Alternatively, if you've got the Reserve, you can wipe out dining purchases at 1.5 cents per point.
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Dec 1, 2022 06:42
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Where’s that 2.8x Hyatt number coming from? Super high end properties? High season? I just was looking at Hyatts in NYC for March and I’d say the value ranged from 1.7x to 2.1x and the 2.1x was at the Park Hyatt for 80k points for a $1700 stay. Edit: guess that is Nerdwallets estimate and others value them more like 1.7x. smackfu fucked around with this message at 13:57 on Dec 1, 2022 |
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Dec 1, 2022 13:55
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Given that nerdwallet is corrupt as hell these days, I would trust that smaller number.
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Dec 1, 2022 14:21
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