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  • #31
    Originally posted by Larry Ragman View Post
    Count me out of chasing credit card points. I know some, like POF, work the cards for advantage. But I honestly don’t find the juice worth the squeeze. Perhaps I could do better but I am happy enough with simple cash back cards.
    Yep, much better uses of one's time. ^^

    It's one thing when your time isn't worth much (ie residency) to try to churn credit cards, but the companies designed the game and know who wins.

    Heck, I could probably be a semi-successful and grindy poker player... but if I stay in the casino that much, bad things will happen (bad financial things, not just second hand smoke and a big gut from the buffet). I will stick to being a MA and V shareholder rather than a casualty, lol.

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    • #32
      I wouldn't pay a financial adviser for this service as it's a very amateur stuff which even people like me can do. I am not a CC churner, but have Target Debit Card for Target purchase, a Chase Sapphire Reserve Card for its over the board bonuses and a BOA platinum visa card which gives me 2.62% cash back on everything. I am happy with 2.62% cash back and deposit that back to my bank account.

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      • #33
        Originally posted by Lithium View Post

        - Your rent is counted as online shopping?
        - I thought the online shopping was limited to $2500 per quarter.
        You might be surprised what can be counted as online shopping. Everything I buy in person at Costco or Walmart is counted as online shopping (if you do it correctly). I use the BOA cash rewards cards for all my Amazon purchases until I hit $2500/quarter (monitored each quarter with exported data from Personal Capital and an excel pivot table), then I switch to my amazon credit card for anything over (5% instead of 5.25%).

        If websites were interested in steering you toward the best cash back rewards credit card, the BOA cash rewards in where you would land. Apparently BOA doesn't have the best affiliate programs for advertisers, so these blogs promote other credit cards that will benefit the blog more (POF, looking at you).

        The best resource for this is: https://frugalprofessor.com/best-cre...-2019-edition/

        For anyone that has $100k of VTI that they don't mind having in a Merrill Edge no-fee account, this is a no-brainer. Make sure to put it in a joint account so you and your spouse will both get the platinum honors status.

        I don't churn. This is not churning; it was worth setting up.

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        • #34
          Originally posted by PHANTASOS View Post

          You might be surprised what can be counted as online shopping. Everything I buy in person at Costco or Walmart is counted as online shopping (if you do it correctly). I use the BOA cash rewards cards for all my Amazon purchases until I hit $2500/quarter (monitored each quarter with exported data from Personal Capital and an excel pivot table), then I switch to my amazon credit card for anything over (5% instead of 5.25%).

          If websites were interested in steering you toward the best cash back rewards credit card, the BOA cash rewards in where you would land. Apparently BOA doesn't have the best affiliate programs for advertisers, so these blogs promote other credit cards that will benefit the blog more (POF, looking at you).

          The best resource for this is: https://frugalprofessor.com/best-cre...-2019-edition/

          For anyone that has $100k of VTI that they don't mind having in a Merrill Edge no-fee account, this is a no-brainer. Make sure to put it in a joint account so you and your spouse will both get the platinum honors status.

          I don't churn. This is not churning; it was worth setting up.
          I have been a preferred rewards member for several years and use the BoA cards, but I’ve never hit $2500/quarter for online shopping. I’ve turned into a big time churner the last twelve months and am working my way through 5/24.

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          • #35
            Originally posted by PHANTASOS View Post

            You might be surprised what can be counted as online shopping. Everything I buy in person at Costco or Walmart is counted as online shopping (if you do it correctly). I use the BOA cash rewards cards for all my Amazon purchases until I hit $2500/quarter (monitored each quarter with exported data from Personal Capital and an excel pivot table), then I switch to my amazon credit card for anything over (5% instead of 5.25%).

            If websites were interested in steering you toward the best cash back rewards credit card, the BOA cash rewards in where you would land. Apparently BOA doesn't have the best affiliate programs for advertisers, so these blogs promote other credit cards that will benefit the blog more (POF, looking at you).

            The best resource for this is: https://frugalprofessor.com/best-cre...-2019-edition/

            For anyone that has $100k of VTI that they don't mind having in a Merrill Edge no-fee account, this is a no-brainer. Make sure to put it in a joint account so you and your spouse will both get the platinum honors status.

            I don't churn. This is not churning; it was worth setting up.
            I have been a preferred rewards member for several years and use the BoA cards, but I’ve never hit $2500/quarter for online shopping. I’ve turned into a big time churner the last twelve months and am working my way through 5/24.

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            • #36
              On a related note, and maybe someone on this forum would have first-hand knowledge -- I recently signed out for BA (british air) credit card, which after a certain spend rewards you with annually with a companion certificate. I view it basically as 1/2 price first/business class flight to London. Has anyone used these companion certificates? How painful is it to take advantage of one?

              My brother had southwest airlines CC through work which also awarded companion flight certificates, though it was in the US only not including Alaska and Hawaii and they made it uber easy to use. Still that's Southwest, they generally have a very good customer-centric philosophy. Then again, from what I hear legacy European airlines do as well...

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              • #37
                I just "purchased" five tickets on Air France from JFK to Chucky De Gaulle and 1 ½ tickets back from Heathrow to JFK on a combination of Amex and Chase points. This represents about 9 months worth of points. If I can ************************ near get a a family of 5 to and from Europe on CC points then they have significant value.

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                • #38
                  I wouldn’t pay a financial planner to do this, because I’m not sure the value add is really worth the outlay. I also hadn’t really dabbled much into rewards cards prior to this year. My mom, however, is an expert points game player. She and my father spent almost 9 weeks in Europe in 2018 (Ireland, Scotland, including 10 day “Walk across Scotland”, Paris—2 weeks, Rome, Turin, Milan, Spain-Marbella and Malaga), including first class on Cunard cruise from NYC, and first class flight back, all included for $20k out of pocket. They mostly stayed in Ritz Carlton or Marriott hotels, and rack rate cost for everything was almost $50,000. So there definitely is value in it if you’re willing to figure out the rules of the game.

                  Prior to a few months ago I had just used my Costco visa for everything, usually earning somewhere between $1500-2000 cash back (excluding 2% executive rewards) annually. I recently opened up a BoA card to get more cash back on certain purchases, and am planning to try and get platinum honors for the 5.25% cash back on that card. And then just last month I opened up a Chase Sapphire Reserve card and I’m still figuring out the best way to use those points. We travel a lot so the Priority Pass, Global Entry/TSA precheck, flight delay, rental car insurance, etc benefits were hard to pass up. We will see if it is worth it for exchanging points for flights or accommodations in a year or two when we get enough points to do something.

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                  • #39
                    Originally posted by Marko-ER View Post
                    On a related note, and maybe someone on this forum would have first-hand knowledge -- I recently signed out for BA (british air) credit card, which after a certain spend rewards you with annually with a companion certificate. I view it basically as 1/2 price first/business class flight to London. Has anyone used these companion certificates? How painful is it to take advantage of one?

                    My brother had southwest airlines CC through work which also awarded companion flight certificates, though it was in the US only not including Alaska and Hawaii and they made it uber easy to use. Still that's Southwest, they generally have a very good customer-centric philosophy. Then again, from what I hear legacy European airlines do as well...
                    The SW companion pass definitely includes Hawaii. And they do not fly to Alaska anyway. Just FYI.

                    Regarding the BA annual companion certificate, check to make sure that first/business fares are eligible. Oftentimes with other airlines they are excluded, but I do not specifically know about BA.

                    Regarding ease of use, again, not sure about BA specifically, but it's really hit or miss with other airlines.

                    I have two separate Delta-branded AmEx cards, which each grant an annual companion certificate. One is limited to select fare classes in main cabin, while the other is eligible for first/comfort plus.

                    In my experience, you are limited (perhaps 50/50, ballpark) in the use of these certificates due to fare class restrictions, but not so much as to be totally worthless.

                    Make sure to read your new card T&C carefully--the answer will be there.
                    Last edited by bovie; 01-26-2022, 05:20 PM.

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                    • #40
                      Originally posted by PWMDMD View Post
                      I just "purchased" five tickets on Air France from JFK to Chucky De Gaulle and 1 ½ tickets back from Heathrow to JFK on a combination of Amex and Chase points. This represents about 9 months worth of points. If I can ************************ near get a a family of 5 to and from Europe on CC points then they have significant value.
                      Would you please care to share some details ? Business account ? Bonuses ? seems impressive in 9 months !

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                      • #41
                        Originally posted by uksho View Post

                        Would you please care to share some details? Business account ? Bonuses ? seems impressive in 9 months !
                        I run just about everything at home through Amex Gold and that's about $10K per month - just switched to using the Fidelity VISA. I run anywhere from $10-20K per month through my Chase business card. I used Flyblue.com to book the Air France flights and we're flying Jetblue back and I just booked through the Jetblue website.

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