This is my card: Get more from a Wells Fargo Rewards Visa® card Take advantage of our lowest introductory APR and transfer higher interest rate balances. Enjoy $0 annual fee. Earn 5 X rewards points for every $1 spent on gas, grocery, and drugstore net purchases for the first 6 months.1 Earn 1 rewards point on every $1 spent on virtually all other net purchases- everyday.1 View our fees and rates. So I guess since its past the first 6 months I'm just getting a point per dollar. Whereas with Chase Sapphire you get 2X points on travel and dining at restaurants- from airfare and hotels to fine dining and cafés.
If I remember correctly, mine was the next statement period - Chase AU cards have the same number as the primary card & IIRC, my bonus was triggered before I even used my AU card.
There's rumors of Chase coming out with a high end card to compete with Citi Prestige and Amex Platinum, likely with a similar annual fee. Sign up bonus rumored to be 100k points at first. I'd have to jump on that if true. I was considering the citi prestige, but with all the devaluations that were announced in the last week, I'm going to pass.
I would assume that would be the case as citi and amex platinum both have it. Would be great if it has bonus spending categories as well like the citi premier. I love the perks with the amex platinum but my one main gripe is the only bonus category is the 2x points on travel booked directly through amex (which often times wont let you take advantage of hotel elite status)
did we already talk about chase devaluing the redemption process on Amazon for Chase points? its going down 25% on Sept 1.
THe only time I've used UR for amazon was a single point when I had a code to get 10$ off code for using UR to pay for the order - otherwise, paying with UR or MR points for Amazon was always a bad idea
I mean UR is often times more expensive than finding travel elsewhere so I could see statement credit although you devalue the card a bit.
Just buy a bunch of gift cards from a grocery store to max out the 5x. It's what I do on the chase freedom.
Check Flyertalk for reports on card use / pattern - Wells Fargo was suspending accounts for a large amount of Manufactured Spend (e.g. buying gift cards, etc)
Chase Sapphire Reserve coming out later this month 100,000 UR points for $4,000 spend 3x on restaurants and travel $450 yearly fee but $300 travel credit yearly 50% off travel reward redemption
never close your credit accounts. longer credit history and they'll just keep upping the limit which helps you out to. just shred the card or do whatever the fuck but don't close it.
Eh. Some cards I'll close. For example I'm about to close my southwest card because I don't want to pay the fee anymore. Card is useless to me now
yeah i guess if you don't want to pay the fee but it'll drop your score for a while if you do, but if you keep it open it'll just help your score forever
It's situational. If you have a bunch of cards and good credit closing one with a fee won't hurt you. But you don't just close a no fee card for no reason
It's situational. If you have a bunch of cards and good credit closing one with a fee won't hurt you. But you don't just close a no fee card for no reason
one of my dumbass friends only had an auto loan on his credit history besides a couple of credit cards and he closed his cards and couldn't get a mortgage for a while
So if I get approved for the chase reserve, how should I go about closing out my preferred card? Don't see any reason to pay the annual fee for a card I'll never use bc I got a better one with the same company.
Alright. Just wasn't sure if there was a way to figuratively roll the account into the new card so I don't have a cancelation on my credit report.
Probably leaning towards applying for this but probably depends on the third point. If the $300 is similar to AmEx and just for incidentals rather than travel, which I am guessing it will be given that is what all other Chase cards are I believe, then it makes it less valuable. Although the 50% and 3x are massive advantages.
Isn't there a pretty substantial difference in the credit for travel though between the two? Citi you can get credit back on airline purchases while the AmEx is only incidentals. Curious what the new card features.
My bad, forgot about the manufactured spending loophole. Point still stands as doesn't Chase's technology detect manufactured spending such as that and doesn't give the loophole credit?
I'm in the same boat as you on this card. I was reading last week that you can cancel that card and reopen it and if two years have passed since you got your initial 50,000 miles or whatever then you can apply for it again and get the reward again. I need to do more research on this but 2 years sounds like an important date with this card.
Chase has an unwritten rule where if you've been approved and opened 5 cards within the last 24 months they won't approve you I think I'm good though, so there's that
You can't have opened five new credit card accounts (not sure if it includes things like loans) within a 2 year period. I have only opened the Sapphire and had an auto loan in the last two years so I should be good.