Do you pay the yearly fees?
Jul 30, 2013 | 6:24 am
#31
Join Date: Jul 2012
Posts: 102
Jul 30, 2013 | 10:04 am
#32
Join Date: Dec 2000
Location: BOS
Posts: 1,480
If you cancel a card you've held for a short time, it will have little affect for most people. Cancelling a card you've held for a long time can hurt your score because it will bring down the average age of your accounts.
I pay the fee for Priority Club Visa, and may do so for the Hilton Reserve card. I used to pay the fee for the Marriott Visa, but it became difficult for me to redeem my night because the category of the hotels I frequented all went up.
I pay the fee for Priority Club Visa, and may do so for the Hilton Reserve card. I used to pay the fee for the Marriott Visa, but it became difficult for me to redeem my night because the category of the hotels I frequented all went up.
Jul 30, 2013 | 11:13 am
#33
Join Date: Jan 2011
Location: LAX
Programs: Peon status: last row in economy and the occassional upgrade at roach motels.
Posts: 617
Pay AF:
United Visa Select, best earning potential of any United CC
IHG (PriorityClub) Visa, free night anywhere
Will considering paying AF:
Chase Ink MC, 5x bonuses on cable, cell, office.
Everything else churn and burn.
United Visa Select, best earning potential of any United CC
IHG (PriorityClub) Visa, free night anywhere
Will considering paying AF:
Chase Ink MC, 5x bonuses on cable, cell, office.
Everything else churn and burn.
Jul 30, 2013 | 7:47 pm
#35
Join Date: Aug 2010
Location: CLT
Programs: AA, AS, UA, BA, Hilton Diamond, Marriott Gold, IHG Platinum
Posts: 2,075
True, but I don't count it as quite $360. Considering just groceries, you can get the BCE for free, and that gives back $180, so you are paying $75 for an additional $180.
And a 5x Citi Ty/TYP card would give you $300 on the first $6K (and keep on giving after that) which then beats the BCP by $15 after the annual fee.
And a 5x Citi Ty/TYP card would give you $300 on the first $6K (and keep on giving after that) which then beats the BCP by $15 after the annual fee.
Yes, but that card is no longer available, and even if you got it, will only give you the 5x for 12 months. BCP is not a ton, but it's free money, and will likely stick around.
Jul 30, 2013 | 7:53 pm
#36
Join Date: Nov 2011
Posts: 1,945
Anyway, I was responding to:
AMEX BCP.....6x points for groceries, capped at $6k = $360. You bet I pay $75 a year for that card.
My point was that BCP really isn't $75 for $360, as the BCE is a natural alternative, which gives $180 for 0$ fee, so BCP is more $180 for $75, which while free money, might not be the best return. So not quite the no-brainer implied in the quote.
Aug 1, 2013 | 3:35 pm
#37
Join Date: Aug 2013
Posts: 197
All, quick question on Annual Fees. On something like the AMEX plat when there is no current first year free, when is the annual fee due, on signing or 12 months after ? Does this impact when you can cancel vs a card with first year waived ?
Thanks
Thanks
Aug 1, 2013 | 4:37 pm
#38
Suspended
Join Date: Jan 2013
Location: LAX/SNA
Programs: AA, Hilton Gold
Posts: 3,887
Now, let me ask you why would a card that you just said doesn't waive the first year fee have a time period where you can cancel without paying an AF?
Aug 1, 2013 | 5:11 pm
#39
Join Date: Aug 2013
Posts: 197
Thanks
Aug 2, 2013 | 11:39 am
#40
Join Date: Dec 2000
Location: BOS
Posts: 1,480
It can take a few days or a few weeks for them to post it, but you'll almost always see it before the first closing date.
Aug 2, 2013 | 9:42 pm
#41
Join Date: Jan 2010
Posts: 1,708
I called to cancel my United MileagePlus Explorer card. When I said it was because I didn't want to pay the annual fee the first rep offered me a no fee version that only gets one mile per $2 spent. I said no please cancel the card and I was sent to retention where the rep said they can't waive the annual fee but they could give me a $100 statement credit if I pay the annual fee of $95. So I decided to keep the card since I have only had it for a year and I don't think I can get the bonus again right now anyway.
Aug 2, 2013 | 10:01 pm
#42
Join Date: Feb 2009
Posts: 7,116
I called to cancel my United MileagePlus Explorer card. When I said it was because I didn't want to pay the annual fee the first rep offered me a no fee version that only gets one mile per $2 spent. I said no please cancel the card and I was sent to retention where the rep said they can't waive the annual fee but they could give me a $100 statement credit if I pay the annual fee of $95. So I decided to keep the card since I have only had it for a year and I don't think I can get the bonus again right now anyway.
Unless you buy a lot of United Tickets I can't see a reason to keep that card.
Aug 3, 2013 | 2:09 pm
#43
Join Date: Jul 2013
Location: Florida
Programs: IHG, American airlines , BA club and others
Posts: 81
I just canceled Chase Marriott visa. Not an easy decision, but with their devaluation this year, Category 1-5 just doesn't cut it for our needs. But I will happily pay annual fees on both mine and my husband's Chase IHG Visas, as long as they keep the benefits the same. What a deal! I also plan to pay renewal fee on my CITI American Airlines visa, till I make a major award redemption next year, so I can get 10 percent of miles back. After that, its a goner, and I will apply for a new one to get a sign up bonus. Those are currently the only cards, we pay fees on. If I ever get approved for Club Carlson card, it will also become a "keeper".
Aug 3, 2013 | 3:36 pm
#44
Join Date: Jan 2010
Posts: 1,708
So for Chase cards in general, is it normally 18 months after you cancel the card that you can apply and get the bonus again? Is that a good rule of thumb?
Aug 3, 2013 | 5:24 pm
#45
Join Date: Feb 2009
Posts: 7,116
Earn AAdvantage miles for using AAdvantage miles. Earn 10% of your redeemed AAdvantage miles back - up to 10,000 AAdvantage miles each calendar year.