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Viewing the 'Credit Card & Bank Rewards' Category

Credit Card Rewards Update

July 18th, 2017 at 06:47 am

2017 TALLY:

$500 (AmEx Gold, Moi)
$525 (Citi Thank You, MH)
$499 Travel Rewards Cards (Capital One Venture,MH)
$200 Cash (WF Wise, MH)
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$1,724 TOTAL *ONE-TIME REWARDS*

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

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In the end, we are on track for one of our best years: on track for $3,000. I think what put us over the edge is using travel rewards. We usually stick to cash and gift cards. Travel rewards don't do much for us because we mostly avoid flying and can get a free hotel room regardless, so not something I expect to do a lot of in the long run.

I just activated the Citi card. That one is a bit of an experiment. It seems MH should be able to get $500, but we've done that one so much it makes me wary. (Technically you are supposed to wait 24 months in between).

Will see!

Anyway, I logged in online and that credit card is going to close tomorrow (monthly cycle). I was going to pre-pay a couple of months of health insurance, so figured I'd wait a day or two so I don't have to actually pay those for an extra month.

In the meantime, MH got a direct mail offer for American Express Gold. Spend $1,000, get $250. I find those really hard to come by. But I thought I recalled those were a "once in a lifetime" reward. MH got a kindle in 2010? Was from an AmEx Gold reward.

Anyway, since MH *just* applied for three cards, I figured I'd look up the rewards and see if I really want to bother. In the end I found this:

Text is https://www.uscreditcardguide.com/amex-premier-rewards-gold-card/ and Link is
https://www.uscreditcardguide.com/amex-premier-rewards-gold-...

$500 reward if you spend $2,000. I tried a few different browsers and I got the $500 offer to pop up! I really don't recall ever having this card and I did check my blog. I figured they would deny me since I never get these offers. But in the end I was accepted! Woohoo!

I've got three months to do the spend. I usually just charge up these cards when I get them. Very little brain power. But in this case, I am going to pre-pay 2 months of health insurance already. Do I want to pre-pay 4 months, right now? I suppose it probably doesn't really matter. It just complicates life in the interim. Maybe it is easier to just wait 30-45 days before I do that one.

I have to remember to close this card within a year. It has an insane annual fee for the second year. I will make some notes in Quicken and in my calendar so that I do not forget.

Oh, the rewards are still very so-so on this card, but last time we enjoyed them more than I thought we would. So I will stock up on dining out gift cards and some gift cards to give as gifts.

On the Citi, MH was starting to eye the Best Buy gift cards and was thinking of funding some larger purchases. So might be $500 "ridiculous electronics splurging" (which we tend to do with these rewards) and $500 "restaurants and gifts."

I don't know that I see the point of doing any more rewards this year, except my 24-month clock has reset on Citi and I should really take advantage if I can find a $500 reward for that one. MH's was a direct mail offer. It would figure if that one would work right now. I really only do these things "one at a time" generally. Maybe it is just something I will keep an eye out for once the dust settles on these two rewards.

Edited to add: Look what I saw just posted TODAY?

Text is https://www.citi.com/credit-cards/credit-card-details/citi.action?ID=citi-thankyou-premier-credit-card and Link is
https://www.citi.com/credit-cards/credit-card-details/citi.a...

It's $4,000 spend for $500 reward. We usually spend $3k for these rewards so definitely will pass.

Credit Card Rewards Update

July 2nd, 2017 at 01:43 pm

2017 TALLY:

$481 Travel Rewards Cards (Capital One Venture,MH)
$200 Cash (WF Wise, MH)
-----------
$681 TOTAL *ONE-TIME REWARDS*

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

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There is a 24-month wait to re-dip a Citi Thank You card. I believe I passed 24 months a while ago, but I haven't seen a worthwhile bonus since then.

In the end, MH received a direct offer for a $500 bonus (same card). I read through it carefully and checked some of the credit card reward blogs, and it looks like it's exempt from the 24-month rule. WOW! I told him I kind of hate to use it since we are almost there (he could have applied in a few more months). But I don't know when he will ever get an offer again, either. So will just bite the bullet and try.

If this one works, I will have $500 to add to my tally. In the end, it will be a better credit card bonus year than I would have expected.

June Savings

July 1st, 2017 at 10:15 am

Received $39 bank interest for the month of June.

Snowflakes to Investments:

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

Redeemed $48 cash back on Citi card.

Redeemed $5 cash back on Visa dining/fuel card.

Other snowflakes to investments:
--$15 Savings from Target Red Card
--$7 refund from Amazon (some sort of settlement)
--$140 Dividends
--LESS: $70 diverted to Europe Trip

Snowballs to Europe trip:
--$481 credit card reward (travel credits applied)
--$200 credit card reward (cash)
--$200 sale of old TV
--$ 70 Diverted from Snowflakes

Note: $0 cash out-of-pocket needed for Europe spending this month

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
- 425 Misc. Expenses**
- 90 Dentist

{Note: MH has no wages during summer months}.

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**Misc. Expenses: Had some time to do some catch up shopping, and had some little things come up. Bought a (fancy) sleeping bag for MM(13) because he had a field trip coming up and outgrew his old one. I figure he will keep this one for a LONG time. Gave some money to the kids' school to top off our "hours" requirement. We were generous with Mother's Day gifts this year. MM needed some clothing. (These were all May charges, which is when my work let up a bit).

With that, I've pretty much exhausted our short-term savings. The second half of the year will all go to property taxes, insurance, car maintenance, and the dentist. For summer, I will keep pulling form short-term savings and will just figure it out at the end of the year. In Fall, will have to pull from MH's paycheck if anything comes up. (I expect his paycheck to cover kids' clothing, and stuff like that. Since they are growing and we need a bigger clothing budget now that they are getting to be adult sized and I can't just buy everything on clearance for $3). What this means is a very tight summer. We pretty much did all our splurging for the year already, so this is the flip side of the coin.

That said, it is some give and take. We are still at "peak liquidity" and will continue to be as long as no huge expenditures come up. I am probably going to spend a lot on MM's birthday (taking 6 kids to the expensive water park). It's not the kind of thing we do very often, but it seems silly to say "no", given our current means. In the end, the admission is way cheaper than I expected, but I imagine the food in the park is where they get you.

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I am still working on 3% savings account. Having some technical difficulties on that. Will probably have the money moved over around July 5th.

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I decided to just pull from snowflakes this month, to cover the rest of the Europe money. If we can still add $400-ish to investments, then it is all good.

{I still will work on selling a couple of items from around the house. Will just invest the snowflakes like I usually do, or can maybe use for some fun summer money}.

Credit Card Rewards Update

June 3rd, 2017 at 08:13 am

2017 TALLY:

$481 Travel Rewards Cards (Capital One Venture,MH)
$200 Cash (WF Wise, MH)
-----------
$681 TOTAL *ONE-TIME REWARDS*

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

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Just doing an update to add in the $200 cash back reward.

All of the above is earmarked for travel expenses. I was able to use the Travel reward for a tour that we booked in the UK, so it looks like we can pay for all our tours that way.

I can see using this travel card again (getting one in my name) next time we plan a trip. I expect this to end up being a $500 reward (total), with the spending we plan to do in UK. (Mostly just food and public transport, but that will add up over 10 days).

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)
-----------
$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?