Credit Primer & Discussion w/ JL - Page 157 - Other Topics Forum - Discuss Pop Culture, Arts and Entertainment

Got a cc offer from Amazon, it's a Visa card, and offers 5% back on everything ordered from Amazon if you have a Prime account.

I order lots of stuff on Amazon. How good is that deal, and it's a no-brainer right?

It's a no-brainer for me as well, also because I shop at Whole Foods often. Whenever I shop at amazon I go through topcashback.com to stack the 5% cb from the card with whatever cb TC is offering, usually 3-6% on a few rotating categories.

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11-27-2018 , 10:10 AM

#3902

mullen

Carpal \'Tunnel

Join Date: Oct 2008 Posts: 17,632

Is Amex Gold Card worth getting with this 50k signup offer? 4x points on restaurants, 4x points on groceries. $250 AF, but $100 airline credit and $120 in dining credit (limited, but I use seamless enough). $100 in cashback on restaurants in the first 3 months too.

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11-28-2018 , 01:08 PM

#3903

OsTornado

Pooh-Bah

Join Date: Feb 2007 Posts: 3,731

Quote:

Originally Posted by mullen

If you value MR at 1 cent per point or higher, the 50k signup bonus minus the AF is $250 in value. Throw in the Airline credit which we can safely put at $80 (buy GC to resell if you won't use it) and you're well over $300 in value, even if you don't value the 4x on restaurants and groceries or the rebates in the first 3 months. It's a pretty solid signup bonus, plus potentially an everyday card (at least until the AF comes up in a year and you need to do a cost-benefit analysis on whether to keep it), and the big one for me is that it's a charge card, so it doesn't go against your Amex 5 or 6 credit card limit.

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11-28-2018 , 08:28 PM

#3904

TheTyman9

Pooh-Bah

Join Date: Mar 2007 Posts: 4,669

Quote:

Originally Posted by mullen

Quote:

Originally Posted by OsTornado

It's a good card but there's lots of chase cards I'd rather get first. And personally I'd go for the business gold amex if I needed to wait on more chase cards for some reason since it doesn't go on your credit report and therefore doesn't count towards 5/24.

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11-29-2018 , 11:41 PM

#3905

jzpiano

Flip King

Join Date: Oct 2004 Posts: 5,832

Quote:

Originally Posted by mullen

I canned my AMEX platinum card for it October. I wrote a blog post about why this Gold card is a much better value for my family than the Platinum card.

If your an individual, probably not worth it, but if your buying tons of groceries for a family than I think it's worth converting. Note: If I was under 5/24 I wouldn't use a slot for this, but as I'm LOL/24 that doesn't impact my decision making.

https://pointmetotheplane.boardingar...than-platinum/

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11-30-2018 , 01:16 AM

#3906

Lattimer

I is smart

Join Date: Feb 2009 Posts: 15,463

What is this 5/24 term I'm always seeing thrown around?

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11-30-2018 , 01:29 AM

#3907

TheTyman9

Pooh-Bah

Join Date: Mar 2007 Posts: 4,669

Quote:

Originally Posted by Lattimer

What is this 5/24 term I'm always seeing thrown around?

Chase will deny you if you have more than 5 cards in the last 24 months. Certain business cards don't show on your credit report and therefore chase doesnt know you have them and they dont count towards the 5/24 limit.

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11-30-2018 , 01:32 AM

#3908

d10

Carpal \'Tunnel

Join Date: Jan 2005 Posts: 7,513

Chase auto denies any credit card application if you've opened up 5+ credit cards (from any bank) in the previous 24 months because they assume (probably correctly) that you're a bonus whore and that's not the kind of customer they want.

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11-30-2018 , 07:00 AM

#3909

ngrund

adept

Join Date: Mar 2010 Posts: 1,058

Quote:

Originally Posted by d10

Speaking of Chase- in case any one is not aware of this:

Chase now has targeted cash back offers-only thing is that they won't show on the website-you have to be using the phone app (not Chase pay)to see and add them to your card.

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11-30-2018 , 12:26 PM

#3910

Lattimer

I is smart

Join Date: Feb 2009 Posts: 15,463

Ah ok thanks for the explanation.

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11-30-2018 , 02:46 PM

#3911

borg23

Carpal \'Tunnel

Join Date: Nov 2012 Posts: 15,044

Quote:

Originally Posted by d10

Some chase cards are exempt from this rule like the Marriott card

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11-30-2018 , 04:13 PM

#3912

shaft88

Carpal \'Tunnel

Join Date: Apr 2007 Posts: 6,569

I do want to give chase kudos for making it super easy to downgrade a annual fee card to a 0 annual fee card. Called them up a couple days ago since my CSR fee is due to post Dec 1st and it took about 3 minutes to get it downgraded to a Freedom. FWIW they did not offer me a discounted fee or anything to continue with the CSR.

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11-30-2018 , 04:22 PM

#3913

TheTyman9

Pooh-Bah

Join Date: Mar 2007 Posts: 4,669

Quote:

Originally Posted by shaft88

This doesn't help you now but in similar situations in the future, you can get extra value by waiting for the annual travel credit (in this case $300) to reset at the beg of the year, use it and then downgrade. Even if you have to wait a couple months it is still worth it since they will prorate the annual fee refund.

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11-30-2018 , 05:07 PM

#3914

JL514

because i can

Join Date: Nov 2006 Posts: 9,820

Quote:

Originally Posted by TheTyman9

CSR credit is based on card member year not calendar year specifically to prevent this type of reward abuse

Quote

11-30-2018 , 05:38 PM

#3915

TheTyman9

Pooh-Bah

Join Date: Mar 2007 Posts: 4,669

Quote:

Originally Posted by JL514

CSR credit is based on card member year not calendar year specifically to prevent this type of reward abuse

I had read that but mine didn't reset after my annual fee. Are original accounts grandfathered in? Cardmember year would still allow the double dip though wouldn't it? You just couldn't triple dip.

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12-01-2018 , 01:50 AM

#3916

jzpiano

Flip King

Join Date: Oct 2004 Posts: 5,832

Quote:

Originally Posted by borg23

Some chase cards are exempt from this rule like the Marriott card

This might not be the case anymore. Chase has expanded their 5/24 cards recently and with the recent rebrandings on their Hyatt and Marriott card I think they got added to the list.

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12-01-2018 , 01:57 AM

#3917

TheTyman9

Pooh-Bah

Join Date: Mar 2007 Posts: 4,669

Quote:

Originally Posted by jzpiano

This might not be the case anymore. Chase has expanded their 5/24 cards recently and with the recent rebrandings on their Hyatt and Marriott card I think they got added to the list.

yeah this. unfortunately almost all (maybe all now?) now fall under the rule

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12-01-2018 , 02:24 PM

#3918

shaft88

Carpal \'Tunnel

Join Date: Apr 2007 Posts: 6,569

Well this is a coincidence. Downgraded the card earlier this week and got this in the mail today. They extended priority pass for 3 years. Last two times it was just annual. Wonder if it will work for me.

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12-01-2018 , 05:37 PM

#3919

OsTornado

Pooh-Bah

Join Date: Feb 2007 Posts: 3,731

Quote:

Originally Posted by JL514

CSR credit is based on card member year not calendar year specifically to prevent this type of reward abuse

Quote:

Originally Posted by TheTyman9

I had read that but mine didn't reset after my annual fee. Are original accounts grandfathered in? Cardmember year would still allow the double dip though wouldn't it? You just couldn't triple dip.

Original accounts before a certain date are grandfathered. My wife got it when it first came out and is based on calendar year. This has been confirmed by Chase.

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12-01-2018 , 11:53 PM

#3920

Banana man

veteran

Join Date: Apr 2013 Posts: 3,423

Quote:

Originally Posted by shaft88

same thing for me and it worked. I recently had flight delay but forgot my card. My girl took picture of card and they let me in. Drank like 10 beers

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12-02-2018 , 12:17 AM

#3921

jzpiano

Flip King

Join Date: Oct 2004 Posts: 5,832

Cancelled my AMEX platinum card on Nov 1st, after using my Uber credits. Just got an email from AMEX giving me the $35 December credit, which I verified in my account. Yeah for free meals.

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12-02-2018 , 01:31 PM

#3922

borg23

Carpal \'Tunnel

Join Date: Nov 2012 Posts: 15,044

Quote:

Originally Posted by jzpiano

This might not be the case anymore. Chase has expanded their 5/24 cards recently and with the recent rebrandings on their Hyatt and Marriott card I think they got added to the list.

This might be true but I got approved for the Marriott two months ago (for the 4th time lol) and im way over 5/24

Quote

12-02-2018 , 05:23 PM

#3923

OsTornado

Pooh-Bah

Join Date: Feb 2007 Posts: 3,731

Quote:

Originally Posted by borg23

This might be true but I got approved for the Marriott two months ago (for the 4th time lol) and im way over 5/24

It started for any application after Nov 13th. Lots of blog posts and data points about it on different sites unfortunately.

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12-05-2018 , 02:44 AM

#3924

Baltimore Jones

Pooh-Bah

Join Date: Apr 2007 Posts: 5,824

Current best offer (except maybe CSR) looks like Barclay Arrival+. $700 of travel (70K miles) for $5k spend in 90 days, annual fee waived for first year and then $89. 2 miles on everything (2%+).

They seem to be around 4/24 or 5/24 based on reports. I got one.

https://cards.barclaycardus.com/bank...te-mastercard/

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12-06-2018 , 04:23 PM

#3925

OsTornado

Pooh-Bah

Join Date: Feb 2007 Posts: 3,731

Quote:

Originally Posted by Baltimore Jones

The A+ has consistently been a great card for churning. Usually not worth keeping after the first year due to the AF vs other options.

It is a bit more difficult than most cards to convert the points to dollars, especially if you don't plan to use the pots to reimburse actual travel. However, there are always workarounds

I was able to get another (previous ones are closed) A+ earlier this year at way more than 5/24, but I intentionally put a lot of spend on a different Barclay card beforehand. Not sure what the DPs say about your /24 status these days as I won't be able to get a new one for a while.

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