Paid MF with new Chase Sapphire Reserve card for $600 credit

[DavidnRobin]

I just charged part of our 2017 MFs on the CSR for WSJ-VGV, WKORV, WPORV and WKV - I will follow-up with transaction designation when charges go through.

If these go through designated as Travel by CSR - then will get one for Robin as well.

Good news - WSJ-VGV, WKORV, WPORV, and WKV MFs are considered Travel by CSR. Already received $300 travel credit.

 

[tschwa2]

Harborside also went through as travel. I received my $300 credit but I haven't been charged the $450 annual fee and it isn't showing that I earned any UR's for the CSR yet. I heard someone mention that the $450 hit the card before the card arrived.

 

[DavidnRobin]

Harborside also went through as travel. I received my $300 credit but I haven't been charged the $450 annual fee and it isn't showing that I earned any UR's for the CSR yet. I heard someone mention that the $450 hit the card before the card arrived.

I haven't had the $450 fee hit yet either.

I signed Robin up - funny, she has a higher limit than me even though I put my income in as higher than hers.

Now to sign-up for Global Entry or TSApre - do I understand correctly, Global Entry gives TSApre as well?

 

[Westnick]

I haven't had the $450 fee hit yet either.

I signed Robin up - funny, she has a higher limit than me even though I put my income in as higher than hers.

Now to sign-up for Global Entry or TSApre - do I understand correctly, Global Entry gives TSApre as well?

That is correct. Global Entry includes TSA pre.

 

[DavidnRobin]

That is correct. Global Entry includes TSA pre.

Thanks - I just signed up for GE and paid the $100 fee with the CSR that is reimbursed. Hopefully will get an appointment soon at SFO.

 

[jeff01]

I can confirm the $300 credit works for SBP Palmetto, the credit posted the same day as the charge and the maintenance fee payment earned 3x points.

Sep 14, 2016 BROADWAY PALMETTO MAINT.
Sep 14, 2016 TRAVEL CREDIT $300/YEAR

 

[regatta333]

Thanks - I just signed up for GE and paid the $100 fee with the CSR that is reimbursed. Hopefully will get an appointment soon at SFO.

Is the GE covered only for the card holder?

 

[scootr5]

Is the GE covered only for the card holder?

Yes, that's correct. Edit - it's not specific to the card holder, but only one is covered every 4 years.

 

[okwiater]

Just be aware that if you have 5 or more new accounts on your credit report within the past 24 months, Chase will deny you. Turns out they count HELOCs and Authorized User cards towards that total, as I found out the hard way

 

[pacman777]

Is the GE covered only for the card holder?

I read on another credit card forum that it does not have to be the card holder that applies for GE. It can be anyone. They just apply the credit to whatever global entry fee shows up on the card no matter who its for.

 

[farsighted99]

Just be aware that if you have 5 or more new accounts on your credit report within the past 24 months, Chase will deny you. Turns out they count HELOCs and Authorized User cards towards that total, as I found out the hard way

That probably means they count the Credit inquiry that was made for the Vistana Time Share. That sucks!

 

[rickandcindy23]

That probably means they count the Credit inquiry that was made for the Vistana Time Share. That sucks!

Doubtful, unless it was done through Chase. Was the loan through Chase? It's not really about the number of credit inquiries; it's about the number of Chase cards one has applied for and received over the last two years.

Just apply and see if it goes through.

 

[gmarine]

I just got the Sapphire card. I've got more than 5 Chase openings in the last two years and more than a dozen cards overall so the limits dont apply to everyone.

 

[DavidnRobin]

5/24 rule

http://thepointsguy.com/2016/07/unfortunate-expansion-chase-524-rule/

 

[Helios]

The 5/24 rule seems to be enforced pretty closely. Some people are exempt because they are Chase Private Clients (min $250K held in Chase accounts).

Some may get lucky...

 

[Helios]

I read on another credit card forum that it does not have to be the card holder that applies for GE. It can be anyone. They just apply the credit to whatever global entry fee shows up on the card no matter who its for.

I think this is correct. I don't think they have a way to tell who applied, the charge posting does not show the name of the person who applied. At least not mine...

 

[Helios]

As a side note, Chase refunds the 100 GE fee the same day. And, this fee is independent of the $300 travel credit.

 

[gmarine]

My experience is that the CC companies are more concerned with the total amount of outstanding credit than they are with the number of credit cards.

I was recently denied a Citi card when I applied online. I called the reconsideration number provided and I was told I was denied because I had 6 other Citi cards with very high amount of total credit. They asked permission to take some credit from one card and apply to the new card and the new card was then approved.

If you get denied always call and find out why you were denied. I churn credit cards for miles/points all the time and the only time I've been denied has been for the reason I mentioned above.

 

[hjtug]

Sounds good. How does it compare with other cards? We use Capitol One Venture. It earns two points for every dollar charged and points are worth 1 cent toward any travel expenses as recognized by the card. Our Wyndham maintenance fees are considered travel expenses.

 

[rickandcindy23]

Sounds good. How does it compare with other cards? We use Capitol One Venture. It earns two points for every dollar charged and points are worth 1 cent toward any travel expenses as recognized by the card. Our Wyndham maintenance fees are considered travel expenses.

We abandoned the Capital One Venture a few years ago. I build points pretty quickly with the other cards, but we do a lot of credit card spend each year for our chimney cleaning business, and we do own a lot of timeshares. And I do manufactured spend, too, while it works.

I can easily see our manufactured spend process ending at some point. The credit card company could stop 5X points for office supplies (or just drop us from the credit card for maxing out that benefit), Staples could stop selling Visa Gift Cards, our local store could stop selling MO's. There are other things, too, that could stop our procedure (the bank could stop taking MO's). It's a fragile system. One step depends upon the rest of the steps, and it's not easy to do, either.

With our Manufactured Spend and timeshares, and travel expenses, restaurants, groceries, utilities, and everything else we charge, we easily spend $250K on our credit cards each year. $100K of that is MS. That's 500K points per year.

It works now, but it could all end at any time. I posted earlier in this thread what UR points have done for us in our travels to/from Hawaii, and a Southwest ticket of $100 is only about 6,000 points. 100,000 points is a lot of Southwest flights. 100,000 points transferred to Hyatt will get us a lot of nights in San Francisco, that's for sure.

It's difficult to compare credit cards one to another, which is why I have a spreadsheet. It's kept me sane because I can have a column explaining the value of points with each card, so I can refresh my memory when I wonder what card to use for a purchase.

 

[Helios]

We abandoned the Capital One Venture a few years ago. I build points pretty quickly with the other cards, but we do a lot of credit card spend each year for our chimney cleaning business, and we do own a lot of timeshares. And I do manufactured spend, too, while it works.

I can easily see our manufactured spend process ending at some point. The credit card company could stop 5X points for office supplies (or just drop us from the credit card for maxing out that benefit), Staples could stop selling Visa Gift Cards, our local store could stop selling MO's. There are other things, too, that could stop our procedure (the bank could stop taking MO's). It's a fragile system. One step depends upon the rest of the steps, and it's not easy to do, either.

With our Manufactured Spend and timeshares, and travel expenses, restaurants, groceries, utilities, and everything else we charge, we easily spend $250K on our credit cards each year. $100K of that is MS. That's 500K points per year.

It works now, but it could all end at any time. I posted earlier in this thread what UR points have done for us in our travels to/from Hawaii, and a Southwest ticket of $100 is only about 6,000 points. 100,000 points is a lot of Southwest flights. 100,000 points transferred to Hyatt will get us a lot of nights in San Francisco, that's for sure.

It's difficult to compare credit cards one to another, which is why I have a spreadsheet. It's kept me sane because I can have a column explaining the value of points with each card, so I can refresh my memory when I wonder what card to use for a purchase.

Wow, I read one of your previous posts where you mentioned MS and was wondering what the amount was. Sounds like you are pro or semi pro......I always thought it was too much work, so I never did it. From what I have read and seen, it seems this may end soon. USPS is shutting this MO process and stores are not willing to sell GC paid with CC...enjoy (exploit) while it lasts I guess...

Would you mind sharing what is the percentage you pay in fees to get $1 MS all in...

 

[rickandcindy23]

Would you mind sharing what is the percentage you pay in fees to get $1 MS all in...

It's a process and takes time. We don't use USPS. We don't go into stores to buy cards. We do go into a grocery store and buy MO's.

I get a lot of points free, so I have to separate what we get for paying MF's and such, so MS, alone, $89.50 for 15K points. 15K points gets a flight on SW worth $240. It's worth it to us. Chase Ink Bold and Chase Ink Plus get 5X at office supply stores.

 

[farsighted99]

We abandoned the Capital One Venture a few years ago. I build points pretty quickly with the other cards, but we do a lot of credit card spend each year for our chimney cleaning business, and we do own a lot of timeshares. And I do manufactured spend, too, while it works.

I can easily see our manufactured spend process ending at some point. The credit card company could stop 5X points for office supplies (or just drop us from the credit card for maxing out that benefit), Staples could stop selling Visa Gift Cards, our local store could stop selling MO's. There are other things, too, that could stop our procedure (the bank could stop taking MO's). It's a fragile system. One step depends upon the rest of the steps, and it's not easy to do, either.

With our Manufactured Spend and timeshares, and travel expenses, restaurants, groceries, utilities, and everything else we charge, we easily spend $250K on our credit cards each year. $100K of that is MS. That's 500K points per year.

It works now, but it could all end at any time. I posted earlier in this thread what UR points have done for us in our travels to/from Hawaii, and a Southwest ticket of $100 is only about 6,000 points. 100,000 points is a lot of Southwest flights. 100,000 points transferred to Hyatt will get us a lot of nights in San Francisco, that's for sure.

It's difficult to compare credit cards one to another, which is why I have a spreadsheet. It's kept me sane because I can have a column explaining the value of points with each card, so I can refresh my memory when I wonder what card to use for a purchase.

stayed away from Manufactured Spend and card churning (mostly). Seems like I can do quite well with just trying to put everything I buy on credit cards.

It is practically a part-time job though. You really have to pay attention which card to charge what on. However, this year both of us went to Hawaii for free from the midwest, and I did go to London twice and only had to pay the taxes. And two trips to San Francisco and Dallas thrown in.. so this "hobby" can be lucrative.

You also have to have a good income and a good credit history.

A bit annoyed though it's getting harder to get good credit card bonuses. Looks like it's only going to be a couple of cards a year now.... I still have a lot of those AVIOS from those Chase British Airways cards when they gave 100K Avios as a bonus. Both of us got them, and I still have a lot of them left... (of course, I added a lot more to them). Used some to fly to Inverness from London a couple weeks ago. Really love those 100K bonuses.

 

[farsighted99]

It's a process and takes time. We don't use USPS. We don't go into stores to buy cards. We do go into a grocery store and buy MO's.

I get a lot of points free, so I have to separate what we get for paying MF's and such, so MS, alone, $89.50 for 15K points. 15K points gets a flight on SW worth $240. It's worth it to us. Chase Ink Bold and Chase Ink Plus get 5X at office supply stores.

I buy gift cards on eBay, ONLY when they have the 4X-10X eBay Bucks and only when the cards are discounted. If you buy Paypal Digital Gift Cards you get 5X by using the Chase Ink Plus card for the the gift cards. I bought one yesterday for Macy's: was $105 for $100 - less $10 eBay Bucks - less $1 for the portal and $5 for using the Chase Card. saved $21. of course, eBay Bucks are only issued every quarter and you have to wait to spend them. But no problem.

Not sure why Chase counts Paypal Digital Gift Cards as a 5X item but they've been doing it for quite awhile.

I still have quite a few eBay Staples GC that I got probably 15% off on average so I don't use the ink card much for Staples these days.

 

[Helios]

It's a process and takes time. We don't use USPS. We don't go into stores to buy cards. We do go into a grocery store and buy MO's.

I get a lot of points free, so I have to separate what we get for paying MF's and such, so MS, alone, $89.50 for 15K points. 15K points gets a flight on SW worth $240. It's worth it to us. Chase Ink Bold and Chase Ink Plus get 5X at office supply stores.

$89.50 for 15K UR via MS and then using for travel seems like an extremely good return, congrats! Sounds like you figured a way to streamline the logistics also...