<< Back to all Blogs
Login or Create your own free blog
Home > Chase/Citi & Citi/Chase

Chase/Citi & Citi/Chase

October 13th, 2011 at 09:33 am

I called Citi to activate my $300 rewards card today.

I set the health insurance to pay today and next week. Other than that, I just have to spend $58 to get this reward. (One tank of gas should do it).

I'll skip $750 ROTH contribution next month, and just contribute twice in December, to even it all out. I prepaid one month health insurance so I can KILL this card at month-end.

I then e-mailed Chase to close my two open cards (Sapphire and Southwest). On the phone I'd just want to get it over and done, but in writing I told them how I was happy with their Chase Freedom for years, but how they tried to charge me a fee (I declined) and how their new rewards suck. Once these cards close, I will no longer be a Chase customer. Too much better stuff out there. IT was nice while it lasted!


I haven't been able to redeem dh's $250 Chase bonus yet, so his 2 Chase accounts will be open for a bit more. If this e-mail closing works well, will just do the closing for his 2 cards, too. He will still be a Chase customer, because he has some ancient Chase card that hasn't tried to charge him a fee. (For reference, his credit score is identical to mine, though he has had said card almost 20 years and my oldest credit line is only 2 years. I don't know why he is so attached to that thing).

In the interim, I will have him close his Citi card ASAP.

So, yeah, I closed Chase and am waiting to finish with Citi. Dh will close Citi and will wait for Chase.


Citi sent me my FICO score with my new card. If they did so for dh, I didn't notice!

Official FICO - 785. Not bad considering I just opened like 5 credit cards, and that it's not the first time I have done so. Ever since having a mortgage, paying bills on-time seems to account for 99% of FICO. I do just about everything else *wrong.* I can't say I'd have the patience for FICO if I Really had to jump through a ton of hoops to keep a nice high FICO.

I look forward to getting rid of these infinite credit card accounts, for one.




3 Responses to “Chase/Citi & Citi/Chase”

  1. ThriftoRama Says:

    Just so you know, I am now playing the rewards card game. I wouldn't have bothered but our favorite card just got the axe, so I'm now-- inspired by you-- trying to max out all of my potential rewards. We should get about $650 in cash and two free round trip tickets to a wedding in New Orleans in March. Hooray!

  2. PatientSaver Says:

    Gawd, you guys are amazing with this stuff.

    I'm happy to report that today I redeemed 20,000 Chase Freedom points and should receive my $200 check in about 15 days.

    That's free money for doing largely nothing, and I probably wouldn't have triedit if I hadn't been reading your amazing accounts!

    I doubt I can match your productivity because except for my phone bill, I think it is, I can't pay for any of my other utility bills with a credit card, for free, anyway. And certainly not my mortgage.

    Any suggestions for the next best CC reward to go for given that scenario? I was thinking Chase Sapphire earlier, but I can't, cus now i know there's no way I could charge up $3,000 in 3 months. I seem to average $354 in monthly charges on my bare bones, jobless budget. So that comes to $1062 a quarter, which is pretty close to the max I can charge.

  3. MonkeyMama Says:

    Just check out mymoneyblog.com - he has good summaries about all the best credit card rewards.

    Southwest Chase - if it is still available - you only have to make one purchase to earn $250 in Amazon gift cards. That said, there is a $69 annual fee. But that and Chase Freedom are the only ones that had very low purchases, off the top of my head. (I think I've said before that I generally avoid annual fee cards, even for one-time rewards, but I gave it a go because I made so much cash this year. It's just my don't count chickens before they hatch thing - I don't like to pay money to earn rewards).

    Interestingly, Chase is crediting me back my Southwest annual fee - since I requested to close the card. I am not sure if that is standard, or because I told them I didn't appreciate all their fees. ???

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
Will not be published.

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]