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Viewing the 'Credit Card & Bank Rewards' Category

May Savings

May 30th, 2017 at 10:44 pm

Received $36 bank interest for the month of May.

(I did lose higher interest CD, but I guess that is offset by parking OT in savings.)

Snowflakes to Investments:

Redeemed $25 credit card rewards (cash back) from our grocery card.

Redeemed $26 cash back on Citi card.

Redeemed $7 cash back on Visa dining/fuel card.

Other snowflakes to investments:
--$7 Savings from Target Red Card

Savings (From my paycheck):

+$ 200 to investments
+$ 300 to cash (mid-term savings)
+$ 900 to IRAs

Short-Term Savings (for non-monthly expenses within the year):

+$1,300 to cash
-1,000 London Hotel
- 140 passport expenses
- 100 wireless router (issues with old one)

In addition, we pulled $600 from mid-term savings to cover the rest of the hotel.

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We've already tapped out our regular vacation budget. We had no plans whatsoever to fly anywhere for the foreseeable future. I still really think we will revert to our modest vacation budget (future years). Knocking out Europe with $2,600 hotel/airfare was just too good to pass up. We could have paid less, but were willing to splurge on the unexpectedly affordable hotels. We didn't even look at anything with less than 5-star reviews.

Our short-term savings is pretty weak right now. We usually vacation in the fall. & we only prepaid the hotel because of the favorable exchange rate. (I decided to hedge my bets on "most favorable exchange rate in 30 years"). Anyway, usually we build up more before we spend down, but I expect the timing to just work out a little differently this year. It doesn't really matter. It will all even out by the end of the year.

The rest of our London expenses will come from savings, or MH's job. We've allocated about $500 from his job since we will save $500 by not traveling during his work season. Credit card rewards should cover most of our tours.

Credit Card Rewards Update

May 29th, 2017 at 07:52 am

2017 TALLY:

$465 Travel Rewards Cards (Capital One Venture,MH)
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$465 TOTAL *ONE-TIME REWARDS*

**In addition, various monthly rewards that I will tally at 12/31.

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In the end, I have already surpassed last year's credit card (one-time) bonus total. Maybe 2017 will be better than 2016?

For the travel rewards card, I have a few days left to apply the $465 to our hotel charge. We have 60 days from date of purchase. My plan today is to book our Paris excursion. I'd like to just cover that with the travel reward. But I am not completely sure it will count as a "travel" expense. This card seems pretty liberal with the travel category so I think it will work. But if "tours" don't count than we aren't planning to spend $462 on any other "travel" expenses this year. (Most our remaining expenses will just be food while we are abroad). In that case, will throw at the hotel. I realize for the most part it doesn't make any difference. If I apply it to the hotel right now I will receive a $462 credit to apply to travel tours (or to anything). But, the hotel is a refundable rate and so I wanted to use the free money to cover non-refundable purchases. Just for a worst case scenario if we have to cancel or change anything.

It's not the worst thing to get things nailed down. We leave in less than 3 months. So maybe this is extra motivation to nail down our itinerary. In our true fashion, we really belabored choosing a hotel, but for the most part rather figure out the rest when we get there. Over-prepare and then go with the flow. That's just how we roll. We plan for the BIG things but not for all the minutiae. But... we do realize we need to make reservations for tours and such. MH had wanted to lock those in a couple of months ago. Then we lost momentum, somewhere along the way.

I had decided to look for a smaller credit card reward when PS mentioned the $200 bonus she applied for. It was a Wells Fargo card. I did apply and it was weird. They got very detailed about employment (as PS mentioned). I finally decided to just put "homemaker" for MH and that he had access to household income. After belaboring if I should put that or all his employer info (for his like $8k income), they approved the card instantly. We will use this reward for another England tour.

When applying for the new card (a couple of days ago) I had wanted to close my prior one-time reward card. I only kept it open this long because we were still going through rewards. It took us like 9 months to get through $250 restaurant gift cards. Kept it open in case there were any problems with the gift cards. Anyway, I logged in to AmEx a couple of days ago and they had no contact info or chat link. ??? If I log into MH's AmEx account it's all there. I know it would have been faster to call versus all the time I spent poking around trying to find a chat option. !! But I gave up since they didn't even have a phone # to call and I don't know where the card is. I always do paper statements for these one-time bonus cards. As a reminder until I close the accounts. I finally decided to just call when I got the paper statement. Then I'd have the account info and any idea who to even call.

So today I logged on to MH's AmEx and it looks totally different than it did a couple of days ago. There's also a huge chat button at the bottom of the screen. I really didn't expect much because both logins were completely different the other day. But on a whim, I logged in to my AmEx account, and the same chat button was there. Woohoo! It was like a 1-minute chat to get that card closed. Glad to get that taken care of.

April Savings

April 29th, 2017 at 07:30 am

Received $35 bank interest for the month of April.

Snowflakes to Investments:

Redeemed $50 credit card rewards (cash back) from our grocery card.

Redeemed $65 cash back on Citi card.

Redeemed $4 cash back on Visa/dining card.

Other snowflakes to investments:
--$20 Savings from Target Red Card (made a big purchase)
--$40 Insurance refund

Snowball to investments (MH Paycheck):
+$500

Savings (From my paycheck):

+$ 200 to investments
+$ 300 to cash (mid-term savings)
+$ 900 to IRAs

+$3,000 OT to savings (will fund my mortgage goal)

Short-Term Savings (for non-monthly expenses within the year):

+$1,300 to cash
-$1,000 airfare London
-$ 500 life insurance
-$ 400 Drama Camp

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I had a CD mature this month, so a little less interest income. Since we do want to replace our vehicle, I think I will keep this CD money in our savings account. There is that, and I am also just completely exhausted with work. Maybe in a month or two it will sound appealing at all to jump through hoops to earn more interest. For now, I am over it. (Now that I think about it, I haven't done one of those since MH was unemployed. We've had this "nice and simple" CD for 22 months. Though my exhaustion speaks more to my work situation than his. So we will see in another few months).

I had a complete DOH moment today. American Express is really finicky with their gas rewards. They often don't give rewards for gas stations they clearly label as "fuel" on their statements. ??? I has a DOH moment today as I recalled we might have gas rewards on other cards. We do! In the end, we can get 3% back on our CU Visa. It will take me a while to remember, but MH is really good at keeping track of all this madness. I'd rather use our credit union than the big banks, any day. So this is good.

My last entry I mentioned OT status, so nothing new there. I don't know when I will literally transfer the $3k to our mortgage. Maybe soon, since I also have all this cash that had been tied up in a CD. I just need some time before I tie up money indefinitely. I will put it to the mortgage sometime between now and January 1.

From short-term savings, I paid off the London airfare. I did also fund drama camp, apparently a full month earlier than last year. Drama Llama LOVES his drama camp.

Neither kid was interested at all in other summer classes. We didn't push it. I think us parents just need a break. We will have a very lazy low-spend summer. It sounds absolutely divine!

March Savings

April 2nd, 2017 at 08:09 am

Received $40 bank interest for the month of March.

Snowflakes to Investments:

Redeemed $25 credit card rewards (cash back) from our gas/grocery card.

Redeemed $53 cash back on Citi card.

Redeemed $0 cash back on Visa/dining card.
(Didn't eat out)

Other snowflakes to investments:
--$4 Savings from Target Red Card

Snowball to investments (MH Paycheck):
$1,000

Savings (From my paycheck):

+$ 200 to investments
+$ 300 to cash (mid-term savings)
+$ 900 to IRAs

Short-Term Savings (for non-monthly expenses within the year):

+$1,300 to cash
- 280 Auto Insurance
- 140 cell phone for MM
- 100 car maintenance

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Other Snowflakes:
--$25 Focus Group

I didn't invest this snowflake; I donated it to DL's school.

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MH's work has been slow, which is nice because my work has been *completely insane*.

I still needed to get $1,400 "tax savings" over to our investments. For now, I am just hoarding MH's paycheck to that end. I have $1,000 to throw at that today and will probably have $400 in another couple of weeks.

It probably works out that I will get that funded by April 15th. Around then I should get my OT for the year and we will have to look at our tax situation and figure out the rest of the year.

Travel Credit Card Decision

March 26th, 2017 at 08:04 am

I ended up applying for the Capital One Venture card that Buendia recommended. I didn't get much input here, and didn't have a lot of time to look into it, but it seemed probably the best card for our purposes.

When the credit card arrives, we will book our hotel. We haven't decided anything but seem to have infinite options. I think it is most likely that we will rent an apartment with a kitchen. It's just so cheap right now with the favorable exchange rates.

This credit card has no fee for the first year. We will close the card before the year is over. If we like the card and it is useful, it is something to keep in mind for the future, especially for a less impromptu trip.

I just want a card without foreign transaction fees. It looks like we may also be able to get a $400 travel credit, which I am not sure is going to be very useful in our situation. But, if it works, we will save $400.

For now, I just want to get the credit card so that we can finalize a hotel.

Travel Abroad Credit Cards?

March 21st, 2017 at 12:31 pm

Does anyone have any credit cards they recommend for using in the UK? Hear of any sign up bonuses lately?

We have a credit union credit card that has no foreign fees. In addition, we get 3% back on dining out, which would probably be our primary expenses while we are out of the country. So we are good to go already. But, I wouldn't mind having a backup credit card while we travel.

Chase Sapphire: We both opened and closed this one several times for the cash bonus, so I doubt we could get this card. I was denied the last time I tried. But if we are charging up hotels and excursions, I wouldn't mind paying -0- foreign fees and working towards a bonus. It's been long enough it would be worth a try.

Barclay Arrival Plus: The rewards don't seem useful on this card, but it might be nice to have a chip+pin card in a pinch. I also saw feedback though that their fraud department was over-zealous and this card was denied too often. So I guess I am curious about any feedback. If we only use it in a pinch, I'd want it to work in a pinch. (This one has an annual fee after the first year, but we wouldn't keep the card for more than a year).

Any other cards to consider?

2016 Final Rewards Tally

January 2nd, 2017 at 06:34 am

2016 TALLY:

$208 Cash (Barclay Card, Moi)
$250 Gift Cards (AmEx Green, Moi)
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$458 TOTAL *ONE-TIME REWARDS*

Other Rewards:

$25 credit AmEx (For Hulu)

$41 Citi Price Rewinds

Ongoing rewards (through 12/31):

+$50 deposit to ROTH (Fidelity Am Ex - 2% cash back; health insurance charged to this card)
**PHASED OUT AND REPLACED WITH CITI 2% CARD**

+$355 AmExRewards (6% cash back groceries/3% fuel)

+$97 Target rewards (5% discount Target purchases; mostly groceries)

+$92 Visa Rewards (3% back at restaurants, inflated by large vacation spending this year)

+$788 Citi 2% card (2% back everywhere - health insurance/medical is the big expenses that we charge, is more than our mortgage payments. Also, inflated by large vacation spending this year)

Grand Total = $1,906

I just want to add that historical figures below do also include bank bonuses. They just don't generally work very well for us since we don't use debit cards and don't have direct deposits (the usual hoops that you have to jump through). & the hassle factor is significantly more than it is with the credit card bonuses. Thus, we did not do a single bank bonus this year. I think this might just be where we land with MH working and not needing the extra boost so much.

All of the big bonuses we had been doing with the credit cards (doing the same $500 over and over, between 3 credit cards) have completely dried up. We did okay because our expenses were very high in 2016. But is not generally *how* I Want to earn my credit card rewards. Wink

Year 2011 = $4,164
Year 2012 = $2,782
Year 2013 = $2,623
Year 2014 = $3,128
Year 2015 = $2,585
Year 2016 = $1,906

Total 6 Years = $17,188
***Mostly Tax-Free Income***


***CAVEAT - I absolutely do not recommend utilizing credit card rewards in this manner, unless you are in full control of your credit card spending.***

2016 Rewards Tally

October 30th, 2016 at 08:11 am

2016 TALLY:

$208 Cash (Barclay Card, Moi)
$250 Gift Cards (AmEx Green, Moi)
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$458 TOTAL *ONE-TIME REWARDS*

Other Rewards:

$25 credit AmEx (For Hulu)

$40 Citi Price Rewind

Ongoing rewards (through 10/31):

+$50 deposit to ROTH (Fidelity Am Ex - 2% cash back; health insurance charged to this card)
**PHASED OUT AND REPLACED WITH CITI 2% CARD**

+$375 AmExRewards (6% cash back groceries/3% fuel)

+$65 Target rewards (5% discount Target purchases; mostly groceries)

+$74 Visa Rewards (3% back at restaurants, inflated by large vacation spending this year)

+$628 Citi 2% card (2% back everywhere - health insurance/medical is the big expenses that we charge, is more than our mortgage payments)

Grand Total = $1,715

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Probably one of our worst years in a long while. I expect there is some element of MH working and not needing to seek out the extra snowflakes as much. BUT... I think more to the point is our lack of eligibility for the usual cash back cards that we use. Chase won't give us any rewards.

I suppose the timing is okay since we are less reliant on rewards for extra breathing room.

One of us is eligible for a Citi Thank You reward but I even read somewhere that those are drying up. But, with the recent $500 splurge on VR, I'd really like to cover that purchase with a credit card reward. So I will continue to keep my eye out. The year is not over yet!

Credit Card Rewards Update

October 2nd, 2016 at 05:33 pm

2016 TALLY:

$208 Cash (Barclay Card, Moi)
$250 Gift Cards (AmEx Green, Moi)
-----------
$458 TOTAL *ONE-TIME REWARDS*

Other Rewards:

$25 credit AmEx (For Hulu)

**Various monthly rewards that I will tally at 12/31.

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I signed up for an AmEx offer where if we charged $25 Hulu expenses we would get a $25 credit. After I "redeemed" the offer and had MH switch Hulu to that credit card, I saw that the fine print was that it was only for new Hulu users. Since the bill had charged like the day MH switched it over, I figured it wouldn't hurt to just let it run through to $25 and see what happens.

So... imagine my surprise when I saw the $25 credit today.

I could technically do the same on my AmEx card but I will just let it go since it was a fluke..

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I finally received my $250 gift cards.

We ended up choosing 3 x $50 gift cards for restaurant chains. (I feel like it will take forever to get through these, but was the only thing we would ever even use).

We did also choose one $50 gift card as a gift for Christmas.

& we choose one $50 gift card for a fancy restaurant. We were thinking to use for our anniversary but we didn't get the card until Friday (a week too late) and we were too sick of eating out when we drove home today, or else we might have stopped for lunch at this restaurant. We will probably just do lunch there some day when MH has a weekday off. (Wouldn't be until December? Or Thanksgiving week?) Will have to remember to use it...

Credit Card Rewards Update

September 11th, 2016 at 09:57 am

2016 TALLY:

$208 Cash (Barclay Card, Moi)
$250 Gift Cards (AmEx Green, Moi)
-----------
$458 TOTAL *ONE-TIME REWARDS*


Other Rewards:

**Various monthly rewards that I will tally at 12/31.

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I have not gotten the $250 rewards yet, but the pickings were pretty slim on that reward card and not much I really want. Which is why we decided to pass up the $500 reward offer that we recently got from AmEx.

I had done my due diligence and checked that there were useful gift cards, but I guess the info I checked was old and they changed their offerings. This seems to be in conjunction with AmEx offering a batch of larger rewards. So they made the rewards crappier but have been offering a lot more of them.

Plus, they are being really slow to let me redeem the rewards. So I haven't even been able to order my gift cards yet. I will probably just pick up some big chain restaurant gift cards. We can get use out of those, but it will probably take us a long time to get through them.

I think I am eligible again for a Citi $500 cash bonus, so I will keep an eye out for that.