I wonder if this affects Gyft and Swych, which works similarly.
Glad the thread was able to help youI've been away from this board but I'm back now. Last time you all helped me decide to get the AmEx Business gold card. I met the minimum spend and am ready for my next card. I'm thinking about the SPG one this time, which I almost went with last time. There was some discussion about the possibility of this card not being available for much longer. Is it still around and do you think it's a good choice for me?
I take it your are fully familiar with 5/24?
First off - welcome back!"Fully familiar" would be a gross exaggeration, but yes, you guys pretty well educated me on that point last time. Right now I am most likely at 5/24. Next month I drop to 4/24 and once I get myself removed as an AU on a couple of DH's accounts it should be lower.
I need to pay for the kids' camps and a few other large-ish things soon so I think I should go ahead and get a new card now. So maybe SPG Biz would be a good choice?
That link is available on DISchurners if you want to support a fellow DISer.
No worries! You are a member of DISchurners - it's on Reddit. You can access it here: https://www.reddit.com/r/DISchurners/I think I'm going to go ahead and get the SPG now. I would have a hard time putting $10,000 on it in three months, so I don't want to wait for that.
Last time I used your link on Reddit. Where is DISchurners?
I think I'm going to go ahead and get the SPG now. I would have a hard time putting $10,000 on it in three months, so I don't want to wait for that.
Last time I used your link on Reddit. Where is DISchurners?
Yup - just sent you a PM with the "official" welcome message
Want to send DH to Chase to get a business checking account for the $300 bonus... he has a "biz"... what will they ask him? Does he need to take any documents with him?
As long as he is just a sole proprietorship- I just needed 2 forms of identification. Drivers license and Chase credit card worked fine. I did have to schedule an appointment because when I went in on a Sat there was no business banker and they said I needed to use one of those to open the account so they took my number and a biz banker called me the following week to set up the appointment. I'm in CA. I did see a DP that Washington state has different reqs but that's the only one I can think of off the top of my head. What questions does he need to be ready for: what does his business do, what is his expected revenue. Revenue doesn't have to be inflated, I think I said $500.Want to send DH to Chase to get a business checking account for the $300 bonus... he has a "biz"... what will they ask him? Does he need to take any documents with him?
FYI - the $10k min spend was over 6 months. Obviously that offer isn't available currently but IF it came back we'd expect it to be something like 25k points for $6k spend in 3 months PLUS 10k points for an additional $4k spend over 3 additional months (so in total: 35k points for $10k spend over 6 months)I think I'm going to go ahead and get the SPG now. I would have a hard time putting $10,000 on it in three months, so I don't want to wait for that.
Last time I used your link on Reddit. Where is DISchurners?
FYI - the $10k min spend was over 6 months. Obviously that offer isn't available currently but IF it came back we'd expect it to be something like 25k points for $6k spend in 3 months PLUS 10k points for an additional $4k spend over 3 additional months (so in total: 35k points for $10k spend over 6 months)
There is definitely merit to that logic. The additional 10k points are worth something in the neighborhood of $200 on $5k spend (which is not the greatest return). The thing to remember is AMEX is once in a lifetime so this is your only chance to earn this bonus. I would tend to agree with your logic, I'm sure others would prefer to get the highest bonus possible regardless of the spend required.35,000 points is only 10,000 points more than 25,000 (duh!), but you have to spend twice as much to get it. I think I'd rather take my 25,000 and save that extra $5000 to put towards the minimum spend on another Chase card when I get below 5/24 next month. Does this make sense or is there something I'm not considering?
It's really an extra 15K in points (10K+5K) for the extra $5,000 in spending (i.e., 10,000 more points for 35K vs. 25K + 5K points for the spending). 15,000 spg points (45,000 Marriott points) are worth about $400 or so to me. I think that's a decent return on $5,000 of spending. But I totally agree that it's really what makes sense to you.There is definitely merit to that logic. The additional 10k points are worth something in the neighborhood of $200 on $5k spend (which is not the greatest return). The thing to remember is AMEX is once in a lifetime so this is your only chance to earn this bonus. I would tend to agree with your logic, I'm sure others would prefer to get the highest bonus possible regardless of the spend required.
This really comes down to a personal decision, as long as you are happy with what you decided to do and did it for a good reason, you really can't go wrong here. I don't think there's a "right" and "wrong" answer on this particular churning question.
SPG Biz sounds like a solid choice if you want a CC now but are watching your 5/24 (says the person who made the exact same choice35,000 points is only 10,000 points more than 25,000 (duh!), but you have to spend twice as much to get it. I think I'd rather take my 25,000 and save that extra $5000 to put towards the minimum spend on another Chase card when I get below 5/24 next month. Does this make sense or is there something I'm not considering?