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!
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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.
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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.
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ETA: FOR WHATEVER REASON, CITI *REALLY* LIKES MY DH. THEY GAVE HIM 10,000 POINTS TO STAY 1-2 MONTHS. THAT'S GOOD FOR ABOUT $95 AMAZON GIFT CARDS. HE COULDN'T SAY NO - NEITHER WOULD I.
THE REWARDS KEEP ADDING UP.
Chase/Citi & Citi/Chase
October 13th, 2011 at 04:33 pm
October 13th, 2011 at 06:10 pm 1318529450
October 14th, 2011 at 12:24 pm 1318595074
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.
October 14th, 2011 at 02:05 pm 1318601157
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. ???