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Pro
seems like a lot of credit cards. Why so many? Any reason you don’t use discover anymore?
Have no need because of the main chase trio. Discover and AmEx are the first couple cards I picked up 8-10 years ago, I primarily just carry recurring expenses on there. I’m looking to take advantage of some lucrative bonuses (ie $1000 bonus if you spend X amount).
Chase trio + Amex Platinum is our setup
Amex Plat may have technically upgraded their benefits with their fee increase, but most of their benefits are, in my opinion, more akin to coupons than benefits.
The digital entertainment credit is extremely limited, the airline credit can only be used on fees and not fares, the Saks credit is split up into two chunks so small you can barely buy anything. It’s almost as if they went out if their way to design benefits that sound nice but are very hard to actually use in practice.
The CSR has much more usable benefits, IMO.
Amex gold is a solid credit card. decent sign-on bonus 4x on food and groceries 3x on flights. This my daily card just because it's easier to rack up points
Chief
I keep looking, and I don’t see how the huge annual fees on all those other cards makes sense. The points/cash back earning rates aren’t any better than Discover, and it takes tens of thousands in card spending to overcome the annual fees.
Do you have an example?
For instance, the Chase Sapphire Preferred is $95 a year and used to come with $100k bonus points. That’s straight $1000 cash, or $1250 when redeemed for travel. However, if you transfer to hotel or airline partners, it’s easily 2k+ in value.
Pro
What do you use for restaurants currently? Seems to me that’s an area you can get better rewards.
Yeah at that point it may not be worth keeping and paying for the CSR and it’s $550+ fee
Can you explain why it makes sense to have the Chase trio (as opposed to just one of them)?
1.5 points on everything not dining or travel. 5x if they are dining and travel. And the rotating one changes by quarter and that ones also 5%. It makes it a nice way to stack up points for all your purchases because you can consolidate
I think CapitalOne launched their competitor card to CSR called VentureX and they are giving the $1000 bonus if you spend 10k on the next 6 months
/r/churning
Depends on your needs. The Hyatt card got me globalist for next year when I’m going to take a sabbatical and stay in hotels.