Good morning everyone, happy Friday! I apologize for not writing much lately, but I do have a few posts in the pipeline, they just take a while to get all the necessary details and dates. Anyway, my December credit card statements just closed and a few of my credit cards had annual fees that posted. Most of the time, I have already mentally decided if I will keep a credit card or cancel way before the annual fee posts, but even if I mentally decide to keep a credit card, I still call and see if there are any retention offers available. It never hurts to call, the worst that can happen is that they say there are no offers, and if you never ask, you will never receive. During this round of retention calls, I called regarding my American Express Business Platinum Charge Card, Chase IHG Rewards Credit Card, and Chase Hyatt Credit Card. Here is how those retention offer calls went…
Retention Call 1 and 2: American Express Business Platinum Charge Card
I called American Express on Wednesday afternoon and told the rep that the $450 annual fee just posted on my American Express Business Platinum Charge Card and I wanted to close the card, but before I close the card, I wanted to see if there were any retention offers available. She put me on hold for a few minutes, but then said that the department that was responsible for retention offers was really busy and that I should call back at a later time.
I then called back Thursday morning and told the second rep the same spiel. He put me on hold for a few minutes to check my offers and came back with no offers. I told him I put a lot of spend on my no annual fee American Express Blue Business Plus Credit Card (true) and earned lots of Membership Reward Points on that card and put very little spend on my American Express Business Platinum Charge Card (true), so why did I need both cards? I told him I get good value out of the $200 airline incidental credit and occasionally visit the Centurion Lounges, but that did not justify paying the $450 annual fee. He asked me what type of offer I was looking for and I said statement credits to offset the annual fee. He didn’t have any statement credit retention offers and said that I could redeem my Membership Reward Points for statement credits. No… that was not what I wanted. He said he would transfer me to that department and then I hung up in annoyance. Ugg, I will hold on to this card until get another AMEX Plat. I’m currently eyeing the 60,000 point signup bonus on the American Express Platinum Charge Card from Charles Schwab.
IHG is at it again! These kinds of double your points purchased, or 100% more points, are the best possible deals. I’m a new Chase IHG Rewards Club Credit Card holder, so these kinds of sales definitely get my attention. A 100% bonus on at least 5,000 points purchased… yes, thank you! You’ll recall that I got matched to the better Chase IHG Rewards Club Credit Card offer when I sent Chase a Secure Message (SM), and then got some great ideas from you all about which IHG properties to use my points at. I’m done meeting my minimum spending on that credit card. Between those points and flash sales on IHG points like this one, I’m all set to make next year an IHG one!
What one credit card do you know the LEAST about? If there’s one credit card I don’t know much about, it’s the Discover It Credit Card. And yet, quite often friends and family members ask me about it. Just last week, my cousin received an email with an advertisement encouraging her to apply for a Discover It Credit Card. She’s smart, so she did what smart cousins do… she asked me what I thought :) My cover as a know-it-all regarding credit cards was blown. I told her to stay tuned and I’d check into the Discover It Credit Card and let her know my thoughts.
Then I did what smart bloggers do – and reached out to the source I knew who had written a ton about the Discover It Credit Card. In fact, from way back in 2015, I had it on my to-do list to reach out to him and ask him about the Discover It Credit Card. It was time to bring that to-do item to the top of the list – so I sat down with Harlan at Out and Out and talked all things Discover. And now I can give my cousin, and all of you, the best information and advice possible.
First off, Discover has two cash back credit cards to choose from and most importantly, it’s a lucrative card – especially in the first year.
The Discover It Credit Card gives you 1% cash back, no annual fee, and no foreign transaction fees. It also has quarterly bonus rotating categories where you’ll get 5% cash back on up to $1,500 spend in those categories. And because Discover matches what you’ve spent in the first year, it effectively becomes a 2% and 10% cash back credit card for that first year. Harlan said the bonus categories are great and he never has trouble spending $1,500 in the bonus category every quarter. Here’s one important tip on this card. You MUST register your credit card each quarter before you start shopping to earn the 5% bonus. Activation is easy, so do it BEFORE you start your quarterly shopping.
Good morning everyone, I have a dilemma on my hands. The $450 annual fee is posting in the next 2 months on my JPMorgan Chase Ritz Carlton Credit Card and I need to decide if I should keep both my Chase Sapphire Reserve Credit Card and JPMorgan Chase Ritz Carlton Credit Card. Both credit cards have $450 annual fees and I don’t *need* both credit cards, but what should I do? As a reminder, I recently converted my Chase Freedom into a Chase Sapphire Reserve, but I have had my JPMorgan Chase Ritz Carlton Credit Card for almost 3 years (I applied for this credit card when the sign up bonus was 140,000 Marriott Points). I will walk through all the perks for both credit cards and see if I have a clear answer by the end of this post.
Contender 1: Chase Sapphire Reserve Credit Card
Good morning everyone, I hope you all had a great weekend. I am very late to the Chase Sapphire Reserve Credit Card party, but I finally have that credit card after I Converted my Chase Freedom to a Chase Sapphire Reserve. I’ve been sitting on a bunch of Chase Ultimate Rewards Points and finally had my first opportunity to book a trip using my Chase Ultimate Rewards Points. To redeem your Chase Ultimate Rewards Points for 1.5 cents per point (CPP), log into your Chase online account and click the Go to Ultimate Rewards box.