What's Your Credit Card Rewards Strategy?

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guitarguy
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Re: What's Your Credit Card Rewards Strategy?

Postby guitarguy » Mon Jul 25, 2016 12:28 pm

moneywise3 wrote:My strategy is my time is for loving my family. Not wasting my time on slick deals. I will always have enough for everything I would ever want. Those who "save" more money, end up paying it as taxes or to charity. I am up for debate if anyone wants to challenge that. Its an open invitation!


To each their own.

You don't pay taxes on credit card rewards.

I find that the "game" is kinda fun and a cool challenge to figure out how to get the most we can out of it while spending $ we would just be spending anyway. I don't feel like it takes any time whatsoever away from loving my family lol. :beer

dbr
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Re: What's Your Credit Card Rewards Strategy?

Postby dbr » Mon Jul 25, 2016 12:35 pm

moneywise3 wrote:My strategy is my time is for loving my family. Not wasting my time on slick deals. I will always have enough for everything I would ever want. Those who "save" more money, end up paying it as taxes or to charity. I am up for debate if anyone wants to challenge that. Its an open invitation!


I agree that credit card rewards are a hobby rather than a serious part of financial stewardship, though cash back cards perhaps should not be ignored. For most people in this country not carrying credit card debt is a serious part of financial stewardship.

I don't understand you comment about taxes or charity, though.

Doom&Gloom
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Re: What's Your Credit Card Rewards Strategy?

Postby Doom&Gloom » Mon Jul 25, 2016 1:39 pm

moneywise3 wrote:My strategy is my time is for loving my family. Not wasting my time on slick deals. I will always have enough for everything I would ever want. Those who "save" more money, end up paying it as taxes or to charity. I am up for debate if anyone wants to challenge that. Its an open invitation!


What's to debate? Everyone should do what they want or is in their best interests.

Almost there
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Re: What's Your Credit Card Rewards Strategy?

Postby Almost there » Mon Jul 25, 2016 6:00 pm

I have been using AMEX Blue Cash Card for quite a number of years. Just received a letter from AMEX stating that my Blue Cash card will be discontinued and I will receive the Blue Cash Everyday Card which offer cash back on purchases of 3% in US supermarkets, 2% US gas stations, 2% US department stores and 1% on other purchases. If I spend $1,000 in first 3 months, I will also receive $100 credit. Also no annual fee.

So far I think this is a good deal unless someone thinks otherwise.

Almost there

Jags4186
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Re: What's Your Credit Card Rewards Strategy?

Postby Jags4186 » Mon Jul 25, 2016 6:43 pm

moneywise3 wrote:My strategy is my time is for loving my family. Not wasting my time on slick deals. I will always have enough for everything I would ever want. Those who "save" more money, end up paying it as taxes or to charity. I am up for debate if anyone wants to challenge that. Its an open invitation!


Everybody has hobbies/things they do for enjoyment. Some people play in a band. Others have season tickets to their favorite sports team. Others enjoy reading. Some people derive pleasure from running marathons.

I enjoy finding deals and working the system!

kite
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Re: What's Your Credit Card Rewards Strategy?

Postby kite » Mon Jul 25, 2016 11:55 pm

giesen5 wrote:Any good sign-ups out there right now? Or rumors of ones that are coming up?

drofcredit just tweeted that Chase might be coming up with a competitor to the Citi Prestige. It will be in their Sapphire line with similar AF and perk schedule. 3x points for Ultimate Rewards would be great! I'll be curious to see if they partner with an airline lounge too.

edit: here is the source drofcredit used: https://www.reddit.com/r/churning/comme ... gust_21st/

Drew777
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Re: What's Your Credit Card Rewards Strategy?

Postby Drew777 » Tue Jul 26, 2016 7:59 am

Almost there wrote:I have been using AMEX Blue Cash Card for quite a number of years. Just received a letter from AMEX stating that my Blue Cash card will be discontinued and I will receive the Blue Cash Everyday Card which offer cash back on purchases of 3% in US supermarkets, 2% US gas stations, 2% US department stores and 1% on other purchases. If I spend $1,000 in first 3 months, I will also receive $100 credit. Also no annual fee.

So far I think this is a good deal unless someone thinks otherwise.

Almost there


Personally I'd spend the $1,000 and then only use it at supermarkets after that. You can get a no annual fee 2% cash back card to use for everything else.

giesen5
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Re: What's Your Credit Card Rewards Strategy?

Postby giesen5 » Tue Jul 26, 2016 5:31 pm

Just reaped the rewards of starting the rewards game in January. Just "purchased" the first leg of our 2017 Italy trip. Used 120,000 UR miles to get 4 one-way tickets to Italy. It did cost me $156 in fees, but at retail the tickets cost $8,316. Not bad for some late nights researching points and reading message boards like this one. It does work!

Almost there
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Re: What's Your Credit Card Rewards Strategy?

Postby Almost there » Tue Jul 26, 2016 6:48 pm

Congratulations, giesen5.

TravelforFun
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Re: What's Your Credit Card Rewards Strategy?

Postby TravelforFun » Tue Jul 26, 2016 7:21 pm

moneywise3 wrote:My strategy is my time is for loving my family. Not wasting my time on slick deals. I will always have enough for everything I would ever want. Those who "save" more money, end up paying it as taxes or to charity. I am up for debate if anyone wants to challenge that. Its an open invitation!

I think over the last 10 years, I had applied and received 5 cards each with 50,000-mile bonus, and used the mileage to get about 10 round trip tickets. Not too bad for just a few minutes of work on each card.

travellight
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Re: What's Your Credit Card Rewards Strategy?

Postby travellight » Thu Jul 28, 2016 1:38 am

Citi prestige just announced no more AA Admirals club access. :(

May not be in effect till 7/23/17 though

Workinghard
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Re: What's Your Credit Card Rewards Strategy?

Postby Workinghard » Thu Jul 28, 2016 4:38 am

travellight wrote:Citi prestige just announced no more AA Admirals club access. :(

May not be in effect till 7/23/17 though


They're changing a lot including how the 4th free night is calculated, no more complimentary golf, lower redemption rate on points, etc. No change to the annual fee though.

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Re: What's Your Credit Card Rewards Strategy?

Postby RustyShackleford » Thu Jul 28, 2016 11:14 pm

My strategy is very simple: use the Citi Double Cash card most of the time, and cherry-pick signup bonuses of large chunks of frequent-flyer miles, concentrating on Southwest Airlines (so switch to whatever new card, for just long enough to qualify for the signup bonus). I could probably optimize cashback a little better than 2%, for example the Penfed VISA's 5% on gasoline (or whatever it is). But it doesn't seem worth the trouble to me; whatever time and energy I'm going to invest is aimed towards flying for free - and I half-jokingly say that only suckers actually pay for their airline tickets.

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Re: What's Your Credit Card Rewards Strategy?

Postby sunny_socal » Thu Jul 28, 2016 11:20 pm

giesen5 wrote:Just reaped the rewards of starting the rewards game in January. Just "purchased" the first leg of our 2017 Italy trip. Used 120,000 UR miles to get 4 one-way tickets to Italy. It did cost me $156 in fees, but at retail the tickets cost $8,316. Not bad for some late nights researching points and reading message boards like this one. It does work!


The real question is, what's it going to cost you to get back home? :?

giesen5
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Re: What's Your Credit Card Rewards Strategy?

Postby giesen5 » Fri Jul 29, 2016 2:10 am

I will make sure you are the first to know. :sharebeer

letsgobobby
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Re: What's Your Credit Card Rewards Strategy?

Postby letsgobobby » Thu Aug 11, 2016 1:43 pm

I've been using our Costco Citi Visa quite a bit. The only place it doesn't do well is with groceries, so I'm using my BOA Cash Rewards card there. I happen to really like and value Marriott Rewards so I still put some of our airfare and dining out on that card.

And we each put 12 transactions per month on our debit cards, to earn 2-2.5% on our checking accounts. usually that's for small transactions under $10 so we're not giving up much in the way of other rewards.
Last edited by letsgobobby on Fri Aug 12, 2016 11:18 am, edited 1 time in total.

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pennstater2005
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Re: What's Your Credit Card Rewards Strategy?

Postby pennstater2005 » Fri Aug 12, 2016 10:15 am

I think I've tapped out the cash rewards cards for now. There's a couple AMEX cards that have nice bonuses but I've already got a few and now when I attempt to get the offers I get a message saying something along the lines of "you are already an American Express customer and do not qualify". And Chase has the 5/24 rule so the last couple I tried I got turned down.

Back to the Fidelity Visa and Sallie Mae cards for now :happy
“Life is short, Break the Rules, Forgive quickly, Kiss slowly, Love truly, Laugh uncontrollably, And never regret anything that made you smile" - Unknown

Workinghard
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Re: What's Your Credit Card Rewards Strategy?

Postby Workinghard » Fri Aug 12, 2016 10:18 am

And now there's the new Citi 24 month "brand" rule that made headlines last night.

Da5id
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Re: What's Your Credit Card Rewards Strategy?

Postby Da5id » Fri Aug 12, 2016 10:19 am

letsgobobby wrote:I've been using our Costco Citi Visa quite a bit. The only place it doesn't do well is with gas, so I'm using my BOA Cash Rewards card there, or paying cash somewhere where cash is cheapest.


Costco Citi Visa is 4% on Gas up to a limit of $7000 spent in category per year. While there are better deals out there, this does seem quite good?

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pennstater2005
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Re: What's Your Credit Card Rewards Strategy?

Postby pennstater2005 » Fri Aug 12, 2016 10:25 am

Workinghard wrote:And now there's the new Citi 24 month "brand" rule that made headlines last night.


And what is that?
“Life is short, Break the Rules, Forgive quickly, Kiss slowly, Love truly, Laugh uncontrollably, And never regret anything that made you smile" - Unknown

ChiefIlliniwek
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Re: What's Your Credit Card Rewards Strategy?

Postby ChiefIlliniwek » Fri Aug 12, 2016 10:30 am

pennstater2005 wrote:
Workinghard wrote:And now there's the new Citi 24 month "brand" rule that made headlines last night.


And what is that?


Here is a link.

http://www.doctorofcredit.com/new-citi-rules-limit-one-bonus-per-24-months-per-brand-american-airlines-expedia-hilton-citi-typ/

If you have opened or closed any ThankYou points card, AA card, Expedia card, or Hilton card in the last 24 months you can't get the bonus on a new card from the same family.
Last edited by ChiefIlliniwek on Fri Aug 12, 2016 11:03 am, edited 1 time in total.

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pennstater2005
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Re: What's Your Credit Card Rewards Strategy?

Postby pennstater2005 » Fri Aug 12, 2016 10:35 am

^
Thanks. I'm out on any of those now too. I opened a Citi Thank you premiere card in my name and my wife's to get the $500 bonus on each card. We used those for Home Depot cards and finished one half of our basement.
“Life is short, Break the Rules, Forgive quickly, Kiss slowly, Love truly, Laugh uncontrollably, And never regret anything that made you smile" - Unknown

letsgobobby
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Re: What's Your Credit Card Rewards Strategy?

Postby letsgobobby » Fri Aug 12, 2016 11:18 am

Da5id wrote:
letsgobobby wrote:I've been using our Costco Citi Visa quite a bit. The only place it doesn't do well is with gas, so I'm using my BOA Cash Rewards card there, or paying cash somewhere where cash is cheapest.


Costco Citi Visa is 4% on Gas up to a limit of $7000 spent in category per year. While there are better deals out there, this does seem quite good?

sorry, my mistake. I am using BOA Cash Rewards on groceries, not gas.

schramr2
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Re: What's Your Credit Card Rewards Strategy?

Postby schramr2 » Mon Aug 15, 2016 2:38 pm

giesen5 wrote:Just checking in.

My previous post was about Ecuador and Peru, well, that is off the table because of my wife's fear of Zika. Completely understand.

So now we are back on for Italy next summer. Unfortunately I pulled the trigger on the Chase British Airways card. Oh well. Here is what we have between my wife and I so far, all this year (just started this January):

Chase Sapphire (2): UR for airfare
Chase Freedom (2): UR for airfare
Chase United (2): for airfare
Chase Freedom Unlimited: UR for airfare
Chase IHG: for limited hotel stays (maybe not for Italy)
Chase British Airways: not sure yet
AMEX Hilton: for limited hotel stays (maybe not for Italy
Barclay Arrival Plus (2): for travel reimbursements (air bnb)
Capital One Venture: for travel reimbursements (air bnb)

Since I started late and did some research, I was able to hit the Chase cards early and often. Now it looks like I am out of the game, unless I apply for business cards.

Hope your credit card reward gaming is going well!


Hi giesen5, I live in Bellingham, WA as well! Have you gone on your trip yet? Is there anyway to contact you about what MS options you are using in Bellingham? I'm just getting started reading through everything.

p.s. I went to Peru last year and it's definitely a destination you will have to keep on your list for down the road
Thanks! :beer

SRenaeP
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Re: What's Your Credit Card Rewards Strategy?

Postby SRenaeP » Tue Aug 16, 2016 9:41 am

I'm excited about the Chase Sapphire Reserve that's supposed to go live next week. I'm just hoping the 5/24 rule doesn't hit me.

-Steph

guitarguy
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Re: What's Your Credit Card Rewards Strategy?

Postby guitarguy » Tue Aug 16, 2016 12:39 pm

SRenaeP wrote:I'm excited about the Chase Sapphire Reserve that's supposed to go live next week. I'm just hoping the 5/24 rule doesn't hit me.

-Steph


Wow. That card looks amazing! :shock:

$300 annual travel credit plus $100 discount on domestic round trip airfare (when booking 2 or more tickets on 1 reservation) will more than offset that $450 annual fee in our household.

Not to mention 100k signup bonus. Awesome.

I just got the Sapphire Preferred in May, but will likely drop that and pick this one up instead at some point.

EDIT: There is also some data out there saying this isn't subject to the 5/24 rule. At least not yet...
Last edited by guitarguy on Tue Aug 16, 2016 12:48 pm, edited 1 time in total.

mervinj7
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Re: What's Your Credit Card Rewards Strategy?

Postby mervinj7 » Tue Aug 16, 2016 12:43 pm

guitarguy wrote:
SRenaeP wrote:I'm excited about the Chase Sapphire Reserve that's supposed to go live next week. I'm just hoping the 5/24 rule doesn't hit me.

-Steph


Wow. That card looks amazing! :shock:

$300 annual travel credit plus $100 discount on domestic round trip airfare (when booking 2 or more tickets on 1 reservation) will more than offset that $450 annual fee in our household.

Not to mention 100k signup bonus. Awesome.

I just got the Sapphire Preferred in May, but will likely drop that and pick this one up instead at some point.


Super exciting card! It's almost a no brainer to get. What are the restrictions on the $100? That would offset the remaining $150 fee after just two uses! Seems too good to be true.

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Re: What's Your Credit Card Rewards Strategy?

Postby SRenaeP » Tue Aug 16, 2016 12:49 pm

mervinj7 wrote:
guitarguy wrote:
SRenaeP wrote:I'm excited about the Chase Sapphire Reserve that's supposed to go live next week. I'm just hoping the 5/24 rule doesn't hit me.

-Steph


Wow. That card looks amazing! :shock:

$300 annual travel credit plus $100 discount on domestic round trip airfare (when booking 2 or more tickets on 1 reservation) will more than offset that $450 annual fee in our household.

Not to mention 100k signup bonus. Awesome.

I just got the Sapphire Preferred in May, but will likely drop that and pick this one up instead at some point.


Super exciting card! It's almost a no brainer to get. What are the restrictions on the $100? That would offset the remaining $150 fee after just two uses! Seems too good to be true.


I'm not sure of restrictions. IIRC, Doctor of Credit had a few screenshots of the top level info. Global Entry is covered so that will offset as well for anyone who doesn't have it yet.

If approved, I probably will not renew for a second year. In that scenario, I will have paid $450 to receive $600 of travel credit ($300 for 2015 and $300 for 2016). That's already $150 ahead without taking into account the value of however you redeem the sign on bonus (my guess would be $750-1000 vs the $1500 I've seen tossed around).

-Steph

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Re: What's Your Credit Card Rewards Strategy?

Postby azanon » Tue Aug 16, 2016 12:56 pm

moneywise3 wrote:My strategy is my time is for loving my family. Not wasting my time on slick deals. I will always have enough for everything I would ever want. Those who "save" more money, end up paying it as taxes or to charity. I am up for debate if anyone wants to challenge that. Its an open invitation!


OK I accept your invitation to debate.

I believe this is a false dilemma since I have both rewards cards and I also spend ample time "loving my family". And none of my rewards are taxed or go to charity.

guitarguy
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Re: What's Your Credit Card Rewards Strategy?

Postby guitarguy » Tue Aug 16, 2016 1:00 pm

SRenaeP wrote:
mervinj7 wrote:
guitarguy wrote:
SRenaeP wrote:I'm excited about the Chase Sapphire Reserve that's supposed to go live next week. I'm just hoping the 5/24 rule doesn't hit me.

-Steph


Wow. That card looks amazing! :shock:

$300 annual travel credit plus $100 discount on domestic round trip airfare (when booking 2 or more tickets on 1 reservation) will more than offset that $450 annual fee in our household.

Not to mention 100k signup bonus. Awesome.

I just got the Sapphire Preferred in May, but will likely drop that and pick this one up instead at some point.


Super exciting card! It's almost a no brainer to get. What are the restrictions on the $100? That would offset the remaining $150 fee after just two uses! Seems too good to be true.


I'm not sure of restrictions. IIRC, Doctor of Credit had a few screenshots of the top level info. Global Entry is covered so that will offset as well for anyone who doesn't have it yet.

If approved, I probably will not renew for a second year. In that scenario, I will have paid $450 to receive $600 of travel credit ($300 for 2015 and $300 for 2016). That's already $150 ahead without taking into account the value of however you redeem the sign on bonus (my guess would be $750-1000 vs the $1500 I've seen tossed around).

-Steph


I disagree on the value of the 100k points. Even if you just use the UR portal to book your travel it's worth $1250...and if you do the absolute bare minimum just take cash it's worth $1000.

Transferring the points into miles will more than likely get over $1250 no problem. I've recently booked 3 flights by transferring points into Southwest miles and I've got an average of 1.82 cpp...so from my experience that 100k is worth about $1800 give or take.

SRenaeP
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Re: What's Your Credit Card Rewards Strategy?

Postby SRenaeP » Tue Aug 16, 2016 1:05 pm

azanon wrote:
moneywise3 wrote:My strategy is my time is for loving my family. Not wasting my time on slick deals. I will always have enough for everything I would ever want. Those who "save" more money, end up paying it as taxes or to charity. I am up for debate if anyone wants to challenge that. Its an open invitation!


OK I accept your invitation to debate.

I believe this is a false dilemma since I have both rewards cards and I also spend ample time "loving my family". And none of my rewards are taxed or go to charity.


That can't possibly be true. The fact that you're spending time on this forum right now proves that you're not using your time to love your family. :P

-Steph

SRenaeP
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Re: What's Your Credit Card Rewards Strategy?

Postby SRenaeP » Tue Aug 16, 2016 1:09 pm

guitarguy wrote:
SRenaeP wrote:
mervinj7 wrote:
guitarguy wrote:
SRenaeP wrote:I'm excited about the Chase Sapphire Reserve that's supposed to go live next week. I'm just hoping the 5/24 rule doesn't hit me.

-Steph


Wow. That card looks amazing! :shock:

$300 annual travel credit plus $100 discount on domestic round trip airfare (when booking 2 or more tickets on 1 reservation) will more than offset that $450 annual fee in our household.

Not to mention 100k signup bonus. Awesome.

I just got the Sapphire Preferred in May, but will likely drop that and pick this one up instead at some point.


Super exciting card! It's almost a no brainer to get. What are the restrictions on the $100? That would offset the remaining $150 fee after just two uses! Seems too good to be true.


I'm not sure of restrictions. IIRC, Doctor of Credit had a few screenshots of the top level info. Global Entry is covered so that will offset as well for anyone who doesn't have it yet.

If approved, I probably will not renew for a second year. In that scenario, I will have paid $450 to receive $600 of travel credit ($300 for 2015 and $300 for 2016). That's already $150 ahead without taking into account the value of however you redeem the sign on bonus (my guess would be $750-1000 vs the $1500 I've seen tossed around).

-Steph


I disagree on the value of the 100k points. Even if you just use the UR portal to book your travel it's worth $1250...and if you do the absolute bare minimum just take cash it's worth $1000.

Transferring the points into miles will more than likely get over $1250 no problem. I've recently booked 3 flights by transferring points into Southwest miles and I've got an average of 1.82 cpp...so from my experience that 100k is worth about $1800 give or take.


I think we're in violent agreement. We agree it's a very good deal. How good of a deal? Debatable but still worth the effort. I don't like Southwest so I'll probably end up getting 'only' $1200 of benefit vs the $1800 you'll get. Nice problem to have either way. :D

-Steph

dsmil
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Re: What's Your Credit Card Rewards Strategy?

Postby dsmil » Tue Aug 16, 2016 1:18 pm

I've been doing the credit card rewards game for 2 years now, since becoming a one-income household and needing to make vacations more affordable. In that time, we've used points for 5 nights in a luxury Paris hotel, flights to/from Charleston, SC and 5 nights in a Hyatt, and flights to/from Rome and 3 nights in a hotel. We still have $5k worth of points available and 800 credit scores. I'll probably slow down a bit with the Chase 5/24 rule and a possible home purchase down the line, but it's been great so far.

Texanbybirth
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Re: What's Your Credit Card Rewards Strategy?

Postby Texanbybirth » Tue Aug 16, 2016 1:43 pm

Wow, thanks for the tip on the Sapphire Reserve! :beer

jay22
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Re: What's Your Credit Card Rewards Strategy?

Postby jay22 » Tue Aug 16, 2016 1:45 pm

Isn't the Sapphire Reserve only for business customers?

Texanbybirth
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Re: What's Your Credit Card Rewards Strategy?

Postby Texanbybirth » Tue Aug 16, 2016 1:54 pm

jay22 wrote:Isn't the Sapphire Reserve only for business customers?


Sounds like it's actually only for personal customers right now, but so much of what I've read is uncertain. There will be lots more info on 8/21. I believe DW and I each have one more card before 5/24 kicks in. I was literally dilly-dallying on the Chase Ink Plus page this morning debating whether to sign up. I'm so glad my procrastination seems to have paid off this time!

I've got a hotel stay in September that will help nicely toward the bonus spend requirement, and also qualify for the $300 statement credit right away. :-) I probably won't keep the card for more than one year, like SRenaeP said above.

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Kenster1
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Re: What's Your Credit Card Rewards Strategy?

Postby Kenster1 » Tue Aug 16, 2016 2:08 pm

dsmil wrote:I've been doing the credit card rewards game for 2 years now, since becoming a one-income household and needing to make vacations more affordable. In that time, we've used points for 5 nights in a luxury Paris hotel, flights to/from Charleston, SC and 5 nights in a Hyatt, and flights to/from Rome and 3 nights in a hotel. We still have $5k worth of points available and 800 credit scores. I'll probably slow down a bit with the Chase 5/24 rule and a possible home purchase down the line, but it's been great so far.

Damn that's nice to take advantage of those perks! :idea: :beer

And it doesn't require a lot of work at all. Takes 3 minutes to fill out a Credit Card application and waiting 60 seconds for approval. And then when you pay for stuff - you just simply use the rewards credit card since most people pay with cards anyways for most things.

Do you hang onto your rewards cards or after you're done with them you close a few of them down?
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Elsebet
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Re: What's Your Credit Card Rewards Strategy?

Postby Elsebet » Tue Aug 16, 2016 2:11 pm

Ours is extremely simple & boring, we just put everything possible on the new Costco VISA and pay it in full every month.

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Re: What's Your Credit Card Rewards Strategy?

Postby LarryAllen » Tue Aug 16, 2016 2:34 pm

Jags4186 wrote:
moneywise3 wrote:My strategy is my time is for loving my family. Not wasting my time on slick deals. I will always have enough for everything I would ever want. Those who "save" more money, end up paying it as taxes or to charity. I am up for debate if anyone wants to challenge that. Its an open invitation!


Everybody has hobbies/things they do for enjoyment. Some people play in a band. Others have season tickets to their favorite sports team. Others enjoy reading. Some people derive pleasure from running marathons.

I enjoy finding deals and working the system!



I totally agree. I don't need the money but I enjoy the hunt for the deal. I find that I am more excited by bonuses, upgrades and other special deals than I am my paycheck at work. Lol. It's a hobby and it's fun. That reminds me I have not visited flyertalk in a week. I better go scrounge around for some new deals! :)

BeneIRA
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Re: What's Your Credit Card Rewards Strategy?

Postby BeneIRA » Tue Aug 16, 2016 4:38 pm

I have been reading far too much on the Chase Sapphire Reserve since I am considering it myself:

* Ultimate Rewards Points will be rewarded on the UR Portal: 1.5 points = 1 point as opposed to the Chase Sapphire Preferred, which is 1.25 points = 1 point when using points.
* 3% back on Dining and Travel as opposed to 2% on each with the Sapphire Preferred.
* The 100% per trip benefit is a Visa Infinite benefit, not a Chase Sapphire Reserve benefit. It was confirmed that this will not apply on the CSR.
* $300, seemingly per calendar year, to be used towards travel. This being a partial year, you could score twice here. One in 2016, one in 2017.

HopefulMNSportsFan
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Joined: Tue Aug 16, 2016 4:38 pm

Re: What's Your Credit Card Rewards Strategy?

Postby HopefulMNSportsFan » Tue Aug 16, 2016 4:42 pm

CSR looks like a great card. Using the $300 travel reimbursement in 2016 and 2017 alone will net +$150 over the annual fee. The 100k UR points and the $100 discount on round trip flights are just gravy on top. Not too mention all of the other perks. Can't wait!

BeneIRA
Posts: 254
Joined: Sat Nov 29, 2014 8:43 pm

Re: What's Your Credit Card Rewards Strategy?

Postby BeneIRA » Tue Aug 16, 2016 7:49 pm

HopefulMNSportsFan wrote:CSR looks like a great card. Using the $300 travel reimbursement in 2016 and 2017 alone will net +$150 over the annual fee. The 100k UR points and the $100 discount on round trip flights are just gravy on top. Not too mention all of the other perks. Can't wait!


The $100 discount on round trip flights has been debunked. It is a Visa Infinite benefit, but it will not be a CSR benefit. The Points Guy updated his post to note that the $100 discount will not apply.

ChiefIlliniwek
Posts: 86
Joined: Thu Jan 08, 2015 12:40 pm

Re: What's Your Credit Card Rewards Strategy?

Postby ChiefIlliniwek » Tue Aug 16, 2016 7:54 pm

BeneIRA wrote:
HopefulMNSportsFan wrote:CSR looks like a great card. Using the $300 travel reimbursement in 2016 and 2017 alone will net +$150 over the annual fee. The 100k UR points and the $100 discount on round trip flights are just gravy on top. Not too mention all of the other perks. Can't wait!


The $100 discount on round trip flights has been debunked. It is a Visa Infinite benefit, but it will not be a CSR benefit. The Points Guy updated his post to note that the $100 discount will not apply.


This is a great card. If it that $100 discount it would be the best card available. We will be getting one for sure and most likely two when it comes out on the 21st

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Kenster1
Posts: 3181
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Re: What's Your Credit Card Rewards Strategy?

Postby Kenster1 » Tue Aug 16, 2016 8:09 pm

Official: Chase Announces the Sapphire Reserve Card with 100,000-Point Bonus

http://thepointsguy.com/2016/08/chase-announces-the-sapphire-reserve-card/

100,000 Point Chase Sapphire Reserve Information!
http://mommypoints.boardingarea.com/2016/08/15/100000-point-chase-sapphire-reserve-information/
.
SURGEON GENERAL'S WARNING: Any overconfidence in your ability, willingness and need to take risk may be hazardous to your health.

guitarguy
Posts: 1542
Joined: Mon Dec 20, 2010 4:10 pm

Re: What's Your Credit Card Rewards Strategy?

Postby guitarguy » Wed Aug 17, 2016 6:24 am

BeneIRA wrote:
HopefulMNSportsFan wrote:CSR looks like a great card. Using the $300 travel reimbursement in 2016 and 2017 alone will net +$150 over the annual fee. The 100k UR points and the $100 discount on round trip flights are just gravy on top. Not too mention all of the other perks. Can't wait!


The $100 discount on round trip flights has been debunked. It is a Visa Infinite benefit, but it will not be a CSR benefit. The Points Guy updated his post to note that the $100 discount will not apply.


That's pretty disappointing that they're not giving Visa Infinite benefits on this card, even though the CSR says VIsa Infinite right on the front of it. :confused

tony44
Posts: 132
Joined: Sun May 11, 2014 6:19 am

Re: What's Your Credit Card Rewards Strategy?

Postby tony44 » Wed Aug 17, 2016 7:21 am

I use the Southwest Airlines Visa card. I pay my son's college tuition on it. I live in New York, he studies in Florida. I have not "paid" for a flight for him to come home yet. Too bad my daughter's school charged a 3% surcharge! I would have a lifetime of miles!

guitarguy
Posts: 1542
Joined: Mon Dec 20, 2010 4:10 pm

Re: What's Your Credit Card Rewards Strategy?

Postby guitarguy » Wed Aug 17, 2016 9:24 am

tony44 wrote:I use the Southwest Airlines Visa card. I pay my son's college tuition on it. I live in New York, he studies in Florida. I have not "paid" for a flight for him to come home yet. Too bad my daughter's school charged a 3% surcharge! I would have a lifetime of miles!


I ran into this too...I paid the first half of my grad school tuition on credit cards, and then they decided to start asking for the fee. :annoyed

Gemini
Posts: 873
Joined: Sun May 20, 2012 8:10 am

Re: What's Your Credit Card Rewards Strategy?

Postby Gemini » Wed Aug 17, 2016 10:11 am

how do you guys decide to use points vs cash back cards? Both of us uses a CSP and we have over 100K points each, but never used. Not sure how to use them! Debating if I should get the CSR - also thinking of the fido 2% cash back. We try to use Amex for 6% grocery and Penfed for 5% gas back

guitarguy
Posts: 1542
Joined: Mon Dec 20, 2010 4:10 pm

Re: What's Your Credit Card Rewards Strategy?

Postby guitarguy » Wed Aug 17, 2016 10:31 am

Gemini wrote:how do you guys decide to use points vs cash back cards? Both of us uses a CSP and we have over 100K points each, but never used. Not sure how to use them! Debating if I should get the CSR - also thinking of the fido 2% cash back. We try to use Amex for 6% grocery and Penfed for 5% gas back


8-)

http://www.richmondsavers.com/7-great-w ... ds-points/

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Sunny Sarkar
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Re: What's Your Credit Card Rewards Strategy?

Postby Sunny Sarkar » Wed Aug 17, 2016 10:46 am

The more I look around investment options, the more I gravitate towards one simple index fund of funds.
The more I look around CC reward options, the more I gravitate towards one simple 2% cashback credit card.
:sharebeer
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