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Popero posted:Does BoA allow retirement assets to count? Seems Chase (mostly) does not. Yes, all assets count as far as I know. I can vouch for IRA, SEP, and ROTH.
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Oct 29, 2018 03:10
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waloo posted:What does Chase do that is better rewards for assets in the or accounts? I was only aware of the BoA one. I think the branding is Sapphire Banking. I don't know if they do any bonus CC stuff, but I know it includes some brokerage and fee waivers. Much like the rest of the premium rewards package.
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Oct 30, 2018 01:02
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FunOne posted:The BofA offering for CC @ 2.6% everywhere plus bonus on the rewards card ... Just wanted to follow this up, with the full bonus on the Premium rewards CC at BofA my effective rate was 2.97% cash back last month. Very much worth a consideration if you're in a place where you can take advantage of it.
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Oct 30, 2018 14:54
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Residency Evil posted:Wait so what kind of people Good natured idiots trusting "credit repair services"
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Nov 9, 2018 23:42
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Animal posted:Yeah we go on personal trips about 3 times per year but we end up using airline miles and hotel points to cover everything, and I keep accruing those at work so they never seem to run out. Spend and rebuild your balances. Don't horde them, they lose value, but keep using them for "free" vacations. You won't have this job forever and you won't be able to travel whenever, wherever, forever either, and you'll want to still have those points when life changes it up on you. I used to have 100% travel job and built big balances on Hilton, AA, etc. I'm still living off them even though my new job(s) have taken travel down to like 10%. Nice to be able to still swing some business class tickets for the wife for a vacation and not go out of pocket on it. Or, do the math, doesn't it make more sense to use your points for the vacations you wanted to take anyway and pocket those dollars in your ROTH vs. cashing out points (at a discount!) then paying out of pocket for the same trip?
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Jan 4, 2019 16:45
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Chimp_On_Stilts posted:Has anyone ever tried using the AMEX $15/month Uber benefit to purchase Uber credits, thus allowing them to be pooled? Unsurprisingly, the benefit is more useful if I can use it a few times per year on ~$50 rides. They now show up AS credits, so you can't really use them to buy credits. You can now use them on UberEATS tho.
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Mar 26, 2019 20:44
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Chimp_On_Stilts posted:It occurs to me that the AMEX Delta Platinum card is inferior to the generic AMEX Platinum if your goal is to maximize Delta Skymiles. I think it's about the lounge membership, fee waivers, and qualifying dollars. If it's just about mile earn for you then yeah there are better options.
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Mar 28, 2019 18:46
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I don't know about gift cards, but almost anything travel related counts for the reimbursement so maybe use it for train tickets or Uber rides or musem tickets.
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May 27, 2019 15:20
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Waroduce posted:I have a 7k credit limit, a 740 credit score and I make low six figures on a card with low utilization. I need a 10k credit limit to upgrade my CSP to CSR. How serious and what goes into that decision. do I qualify Yes, call them and tell them to raise it. Mention you make money. They really only have your credit score/report to go off of, so if yours really only has one card and no other issues it should be very easy to get 25-50 limit if you want it. They'll ask about rent and my ask for a paystub copy or access to your tax returns, but I've only ever had Amex get that interested.
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Jul 10, 2019 16:01
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saintonan posted:No problem. My only reason for commenting is that lots of people read this thread and, being goons, are more focused on the min max part. The combination of CSR, CF, and CFU will in most redemption cases be better than BoA but there is added effort needed to manage travel on one card, quarterly bonuses on another card, etc. If someone told me to trade away my BofA 2.6%+ on everything card to category swap stuff around to maybe get another 1% on my spend I'd be tempted to slap them. I'm about tempted to shut down all my cards and just standardize on the BofA cards. loving gently caress trying transfer into reward miles on airlines I don't fly normally to see if I can get the award to issue out on just the right dates then I just match it up with the other card and transfer their points to a hotel chain to get a blackout free award hotel and gently caress it. Cash. I can manage cash and then just buy tickets to places I want to go.
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Oct 7, 2019 21:40
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MrBond posted:I will absolutely redeem a bunch of points valid for that though, since the redemption cost is much lower than the cash price for seat. For example, I recently purchased a premium ticket to Asia using miles. AA miles of 175k bought a ticket for ~2600 USD. Not bad, but if I earned those on CC spend (I didn't), that'd be about 1.5 cents/$. So in that case, 2.6% cash would've been much better. On those same flights I could've purchased business for ~7k, and that would've been I think 375k miles. Again only 1.8% if I had earned the miles via spend. Still plenty of places to grab some outsized value, but I'm not finding as many super-discount round trip tickets instead of super-expensive purchase tickets available. My AA Exec card is for lounge access, not buying things. Not after they removed the price rewind feature. That was worth its weight in gold.
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Oct 9, 2019 15:13
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It'll still say "Member Since" on your card though.
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Nov 25, 2019 17:44
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Lost 17 points by paying off my car.
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Dec 17, 2019 18:38
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AMEX Plat question. I'm up for my annual fee on my next statement (the one closing this month I believe). Obviously the value prop has wildly changed with the end of the world. Should I wait until my statement gets cut to argue with them about it? Or do I need to do it before the statement closes? Has anyone said anything about modifying the annual fees due to travel being way down? I mean, worst thing would be I product swap into something else to keep my MR active then just get the card again whenever I start traveling again.
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Mar 19, 2020 21:13
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astral posted:Keep your MR active by applying to a no-AF Amex Everyday credit card (or the AF-having Everyday Preferred). The PC options for the Plat are just their other charge cards. I've had it for a while. I know how to change/update the cards, the bigger question was whether or not I need to do it before it cuts to have an argument with them and if anyone had seen anything regarding fees. I've heard in the past they were very stingy with making any adjustments to the AF and I was wondering if that had changed.
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Mar 20, 2020 19:52
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asur posted:If you want to keep it and argue for a lesser fee or something then you need o wait for the annual fee to show up. If you want to product change or cancel then you can do that at anytime though there is a suggestion to wait a minimum of 12 months. Yeah, if I'm travelling then the AF is fine since I make it up in the benefits, but if I'm not then I don't want to pay it. If I can just wait until it posts on a statement then I'll have more info to argue with them and either open a new Amex and close this one or see if they'll credit some amount back to me.
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Mar 20, 2020 22:33
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Yeah, the statement has to print to show usage. It also used to be advised to set a reminder every 6mo or so to call and raise your limit. Utilization is a big part of your score, so the higher limit makes your % utilization go down . You look more responsible for doing the same things. No idea if that is still viable. Also, if you have 2 cards with a company, move the credit kind before you close one. That way you retain the overall credit limit.
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Jul 14, 2020 21:27
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Residency Evil posted:What are the redemptions like? Looks like 3.5 points on travel/dining, 2.62 on everything else? Can you just take that as cash back? Yep! And invested balances at Merrill/Edge count towards your relationship bonuses, so if you have an old 401k moved to an IRA sitting around in ETFs at Edge you can get 2.6% cash-back everywhere. Pretty easy to get the 100$ travel credit to cover the $95 annual fee too.
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Aug 27, 2020 20:41
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Residency Evil posted:Does transferring involve selling/buying stocks/paying capital gains? You can ACAT normal investment accounts or just cash out and transfer cash for retirement accounts. BofA relationship bonus is on assets with the bank, doesn't have to be cash. So if you have an IRA invested in target date XXX you can move that to Edge and get the bonus on the CCs.
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Sep 12, 2020 23:34
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I'm pretty sure I put the down payment on my last car, which was all of about 2k, on my credit card with no issues. Just paid it off on the bill like normal. I doubt the dealership / car lot is interested in eating the fees on a large transaction, but they might be motivated to get a deal done (or if they're already screwing you out of that money elsewhere). That's assuming you're paying your cards in full each month. You don't owe interest until after the bill cuts and the grace period after that hits.
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Oct 10, 2020 19:33
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Yeah, wait till they send you back to the credit person then say you gotta run home to get a check book or we can put it on the card. They do not want you to leave and think further about your purchase.
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Oct 10, 2020 21:15
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BofA has 18m history and mobile check deposits cap at 50 or 100k a month. Something like that. The named account thing might be more of a pain though. I thought local banks were usually the ones setup for these kind of businesses.
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Oct 12, 2020 14:14
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How can I utilize this Amex travel credit to close the year? I've already made a few hundred off this plat card this year, might as well go ahead and net out next years attempted annual fee.
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Dec 1, 2020 03:35
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It goes against the common advice but I'd just close those cards if you have a decent credit history now. I don't think it'll ding you that much for that long. And if you're not buying a house or car in the next 3 months who cares? And any mistake or missed thing on that card will do far more damage than that.
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Jan 10, 2021 04:47
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Last time I did the math it made more sense to get it via CC than actually purchase, but I was looking at it against net cash back on the Amex Plat and I have multiple PP lounge visits baked into my calendar most years, so I'm getting the use out of it.
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Mar 5, 2021 22:59
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THF13 posted:Money in an IRA counts towards it so it's not really that absurd a barrier to meet. The 100k could be sitting in a Vanguard Total Stock Market ETF. Absolutely this. The broad fee waivers on top of the 2.62% cash back or better every where just for consolidating retirement accounts is pretty good for me. Very little of it is in cash and they don't care.
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Apr 22, 2021 00:50
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Leon Trotsky 2012 posted:The "best" use for Amex points is transferring them to hotel and flight partners. You can get up to 1.75x value sometimes. I can usually spend my Amex points at Delta and get 350-450$$ for 25k points, or ~1.6 cents/point value. If you primarily earn points via purchased airfare thats almost 8% back net on 5k in spend. I agree though, its much more of a PITA to get that value compared to a direct cash-back card.
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Apr 26, 2021 20:13
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Ur Getting Fatter posted:
Yes. I usually book through Avis's website using the discount/upgrade code. Rental cars are totally hosed right now though no matter what code/card.
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Jun 9, 2021 17:43
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That's pretty standard. Have them overnight you a new card and dispute the bad charges.once they post. If it keeps happening I'd take a look at where you're using it to see if you can identify where it is getting lifted.
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Aug 24, 2021 15:58
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The Slack Lagoon posted:Yeah I took a look at charges over the last few months and the only place that I would be suspicious of was a self-pay parking kiosk. Or ya'know, any of the national chains I shop at, since they are so secure. With the proliferation of chip terminals and tap-n-pay in the US I would think online is one the last options for using stolen card info.
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Aug 25, 2021 02:12
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The trick to big limits is to open new cards with your same institution then consolidate credit lines when you close old cards. 4x 25k cards later with my bank and my main card has almost a 6 figure line attached. But I'm also a person in here who doesn't micromanage my FICO. Close old cards when I don't use them, open new new when I want, don't churn bonuses, etc. so consider my advice in that context.
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Aug 28, 2021 15:44
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Unsinkabear posted:I'm genuinely a little curious why this is a thing you're so evangelistic about? I'd be hard pressed to describe myself as "evangelistic" about any of this. I answered the previous post on "how to get big limit credit card" and didn't address any of the reason on "why" you would want one or not want one. And you're right that would be bad advice for someone not well established. However, "never close a card because MAH FICO" is equally bad advice for many people. Hope you're enjoying my post history.
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Aug 31, 2021 18:46
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saintonan posted:Be aware that Amazon is currently in a snit with Visa, and may rebrand the card as a Mastercard in the near future. I thought said snit was specific with Visa UK and not Visa in general?
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Nov 18, 2021 14:26
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I dropped my new phone yesterday and cracked up the rear cover and bottom of the screen nicely. I bought with my Amex, so I'm hoping I'm covered for the accident protection here. Does anyone have any experience with this? Am I going to have to go get a bunch of quotes for repair or will I be able to file and substantiate then just get a new phone? How terrible is the process?
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Nov 28, 2021 17:18
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Tortilla Maker posted:What's the best American Airlines friendly card aside from the CitiBank AAdvantage offerings? If you and a spouse are frequent flyers that Exec card is great for the family. Primary holder gets the membership and all other cards get individual access on their own for the annual fee. Spreading that benefit amongst several user makes the cost much more palatable. I've got 4 independent travelers on mine. No idea on acquiring miles though, and changes are coming with the status plan going through another change.
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Dec 18, 2021 04:13
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Etuni posted:It wouldn't be a huge deal to do this and it sounds like most here do, but I've successfully avoided those annoyances and maintained a high credit score only from credit card use, so it seems like the amount you're "hurting yourself" is a bit overblown. Good luck, I've been called out in this thread for similar logic. Ultimately, banks want to extend credit to people who pay it back. If you're going to min/max your cards to get the most rewards then you probably need to min/max your credit score as well. If you're out of the game I think you're safe just keeping a reasonable mix and not churning too often on new cards. So long as you continue to pay them properly your score will be fine too. Biggest hit to my credit so far this last year was selling my house. Took 3 whole months to fix itself.
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Feb 5, 2022 18:41
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Professor Shark posted:I decided to switch banks after moving and seeing that RBC had an offer of a free iPad if one were to set up a Chequings account with 1) payroll deposit and 2) two monthly deductions (my old bank offered nothing and the local branch is open for a couple hours a day at this point). *The offer had a deadline of Feb 28th Do you have a utility bill you can pay via deduction? Maybe sent the power company $20 via a manual payment to see if that triggers the deduction credit.
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Feb 12, 2022 00:36
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Got a retention offer when I went to close out my Amex for 550 cash for 4k in spend. I think I'm going to do it, but I'm still on the fence on if it makes sense to keep spending on this Plat or just shut it down, get a no-fee Amex CC for the points, and move my spend to a normal 2+% cash back card. If I assume I cut back spending on the card to ~12k/yr then it works out to about 3.5% return on spend with the Uber, NYT/D+, and other benefits. And if I zero the other items out then I get to about 2.7% so its a wash with other cards. Upgrade posted:i've posted this before, but its worth mentioning again: amex return protection is very very good and easily nets me $200 - $300/yr How do you get this kind of benefit out of it?
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Apr 12, 2022 19:00
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Residency Evil posted:I have yet to use a priority pass lounge successfully in the US. The club at CHS is awesome and a Priority Pass lounge. Well, awesome for Charleston.
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Apr 14, 2022 02:28
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MrLogan posted:You only get 2.5% on the first $10k spend, unfortunately (in addition to the other hoops). I just want something to put $25k-$30k on annually and not have to worry about rotating categories or min/maxing or anything. BofA will do 2.62% everywhere on their top cards with relationship bonus from parking assets with BofA/ML.
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Jun 13, 2022 02:41
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