I love credit cards so much!

[hsmamato2]

Opinions on 'value'..... which is worth 'more'- double dip SWA apps with CP,(based on current knowledge of rules and cards) or a double dip with sapphires (basic signup bonuses) -overall value? I don't have to decide immediately, but I have to decide within a few months. Initially I was 'holding' for the swa, but now I'm reconsidering. (we have used a cp faithfully for about 3 trips a year on average for about 8 years) wwyd?

 

[Ngwira]

Just applied for the CIP for DH and got the 30 day pending message. DH is 4/24 including authorized user on 2 of my cards. I’m not calling in, just waiting it out. But we have a huge expense coming up next month-4 AP purchases so we could meet the spend quickly to get those 80,000 URs. I have about 50,000 UR left and could use these to replenish our stash.

 

[DisneyMandC]

I have an AMEX question and need some help since I know NOTHING about AMEX!

DH has an older Delta Amex, maybe 5-6 years old I'd say. I think at one time it may have been a Delta Silver(?) Is that a thing? DH downgraded it from one card to the lowest level a couple years ago. We received a letter today that the current Delta card has been discontinued and will be converted to the Delta Gold card. I'm trying to figure out what to do with this. I've heard people say Delta has lifetime bonus language, but is that really "lifetime"? Can I cancel his current Delta card before it's upgraded to the Gold card and reapply for him for the Gold later? I have no immediate need for the Gold card, so I could wait a few. But I have no reason to get upgraded to a Delta Gold and pay a $95 on a card I don't really use. Alternatively, can I call to cancel the current card and ask for some sort of bonus miles in exchange for upgrading it to the gold?

Sorry to repost this, but anywhere here have any ideas before I ask the scary people at Reddit?

Also, how would I tell if Plastiq is ACH or anything else on my CIP? I made a $20 Plastiq payment last month and it just shows up on regular statements and doesn't say anything about it showing up elsewhere or under my cash access line or anything. I was planning on playing off a large portion of my student loan with my new CIP, but I'm not going to do it if it won't count towards my MSR.

 

[hsmamato2]

Memory Bank is easy and you can fund $500 with a credit card. Only a $100 bonus but that and the credit card funding is nice.

Discover was also easy. Don’t let the large deposit requirement scare you because you can keep moving the same money in and out until it hits the requirement. So if you do the 25k deposit you can just deposit 5k then transfer it out and deposit it again and again until you get to 25k.


If you do PNC make sure you find the intial deposit with a credit card for some easy MS.


I thought I read on DoC that discover didn't take cc for funding?

How many Biz cards your can get really depends. People have gotten three CIPs with multiple EINS and a sole proprietorship.

 

[thevalley]

Ok - brace yourselves...a strange thing is about to happen...I have a question!! LOL! Now that I have a CIP...I'm suddenly interested in Plastiq...

Here's my Question - that whole issue with Visa cards coding as cash advance on Plastiq...does that come into play when you pay a contractor? And if I was paying $10,000 bill on my CIP would I need to first pay them say $5 on an AMEX then pay the full bill on my Visa?

We're looking to get our retaining wall done and nobody accepts card, but now I'm thinking it's a way to essentially "purchase" some URs at a discount due to the 3x coding on CIP

EDIT: Guess I should clarify this too - does CIP earn 3x on ANY purchase that runs through Plastiq? (I sound like a newbie for once here, haha!)

As far as I know everything is coding x3 with the CIP. I have not experienced the cash advanced problems but I thought there was a warning that popped letting you now. At one time I think it happened with the Amex so the work around was to start with a visa/mc and then change to Amex. I have only used visa. The 3x with the mortgage is awesome. I unfortunately had to find a fancy way to address mine to work. Hope this helps good luck.

 

[thevalley]

Funny you mentioned Plastiq, I was looking for your Plastiq referral link yesterday but I could’t find it for some reason. Now I realize why.

If you have any questions please ask away. Plastiq has been very helpful with meeting spending requirements. I have not had any issues using plastiq.

 

[hsmamato2]

....and.... I need a quick point in the right directions for paypal to Dh for the 5x.... I've sent money to various people before but not sure how to do it for him,I don;t think he has his own acct.

 

[thevalley]

Just applied for the CIP for DH and got the 30 day pending message. DH is 4/24 including authorized user on 2 of my cards. I’m not calling in, just waiting it out. But we have a huge expense coming up next month-4 AP purchases so we could meet the spend quickly to get those 80,000 URs. I have about 50,000 UR left and could use these to replenish our stash.

Good luck. I hope you get it. The CiP is an awesome card to have. There is a number you can call in and see if the status has changed. It is an automated line and you don’t speak to anyone. Some here in this thread have called it several times a day to find out the status. Upon approval you can sm or call to have them send the card faster.

 

[Jen and Ashwin]

Opinions on 'value'..... which is worth 'more'- double dip SWA apps with CP,(based on current knowledge of rules and cards) or a double dip with sapphires (basic signup bonuses) -overall value? I don't have to decide immediately, but I have to decide within a few months. Initially I was 'holding' for the swa, but now I'm reconsidering. (we have used a cp faithfully for about 3 trips a year on average for about 8 years) wwyd?

I think this really depends on how much you will use the CP and when you get the CP. If you get it at the beginning of 2019 for 2019 and 2020, then use it a ton, I would think there might be better value in the SW double dip. Remember that you can also do a SW personal and biz to get CP, then also take advantage for a Sapphire double dip depending on your 5/24 status.

 

[Gwmw1210]

Just applied for the CIP for DH and got the 30 day pending message. DH is 4/24 including authorized user on 2 of my cards. I’m not calling in, just waiting it out. But we have a huge expense coming up next month-4 AP purchases so we could meet the spend quickly to get those 80,000 URs. I have about 50,000 UR left and could use these to replenish our stash.

Fingers crossed! You are way more patient than I am with waiting it out.

 

[schmass]

Are you talking about DVC bookings before the general public? I think those have to be made directly through Disney. But maybe you can book and then transfer the booking to Chase. Not sure if you can pay with URs on a transferred booking, but that would be great.

No, not a DVC booking, just a regular booking but before the itineraries are available for booking on the website. I'm pretty sure that platinum gets to book (via calling Disney or using a TA) first, then gold, then silver and then it opens to the public. Prices start going up as people start booking, so I like to book as soon as possible. Although paying with URs would likely still be the best way to pay even if the price increases a little!

 

[jhoannam]

I'm definitely interested in hearing your experience with booking the cruise, as DCL is one of our favorite ways to vacation and it's not cheap! I would love to be able to book with URs. I'm wondering if Chase would be able to book on opening day or if we'd have to wait until it's open to the public. Also wondering how it would work with an OBB placeholder.

You can transfer your reservation over to them. You would need to do it within 30 days of making the reservation.

 

[schmass]

You can transfer your reservation over to them. You would need to do it within 30 days of making the reservation.

Okay, so I would call and book with Disney and then transfer it, and at that time I could pay with URs? That would be awesome!

 

[Jen and Ashwin]

You can transfer your reservation over to them. You would need to do it within 30 days of making the reservation.

But if you transfer, can you apply URs to pay for it?

 

[calypso726]

Opinions on 'value'..... which is worth 'more'- double dip SWA apps with CP,(based on current knowledge of rules and cards) or a double dip with sapphires (basic signup bonuses) -overall value? I don't have to decide immediately, but I have to decide within a few months. Initially I was 'holding' for the swa, but now I'm reconsidering. (we have used a cp faithfully for about 3 trips a year on average for about 8 years) wwyd?

Oh boy. This is a tough question and very subjective depending on a person’s travel style. While I am a firm believer that the SW CP is the best deal out there, I have never used it or had a SW card and it is utterly useless to me specifically. So, here are my thoughts on figuring out the value. A double dip on Sapphires will net you 108,000 UR after spend at 1x with a value of $1,620 through CSR UR portal. Will your SW CP save you more than that amount?

 

[SouthFayetteFan]

Opinions on 'value'..... which is worth 'more'- double dip SWA apps with CP,(based on current knowledge of rules and cards) or a double dip with sapphires (basic signup bonuses) -overall value? I don't have to decide immediately, but I have to decide within a few months. Initially I was 'holding' for the swa, but now I'm reconsidering. (we have used a cp faithfully for about 3 trips a year on average for about 8 years) wwyd?

I think that given the new rule they aren’t comparable and unless you’re at 4/24 you don’t need to decide between the 2 as you can still hit all 4 cards if you’re 3/24.

When the SW bonuses are at 50k or 60k the SW double dip w/ CP easily provides the better return due to the lower min spends and the intangible value of CP for 13-23 months depending on when you earn it.

 

[SouthFayetteFan]

Oh boy. This is a tough question and very subjective depending on a person’s travel style. While I am a firm believer that the SW CP is the best deal out there, I have never used it or had a SW card and it is utterly useless to me specifically. So, here are my thoughts on figuring out the value. A double dip on Sapphires will net you 108,000 UR after spend at 1x with a value of $1,620 through CSR UR portal. Will your SW CP save you more than that amount?

So a 50k + 60k SW double dip will get you 114k SW points with MSR and that’s worth approx. $1,687 (without assuming any value for the CP usage).

 

[jhoannam]

Okay, so I would call and book with Disney and then transfer it, and at that time I could pay with URs? That would be awesome!

Yes, you can transfer after it’s been book directly from DCL. You can pay with URs only once and it doesn’t have to be immediately after you transfer, you can keep collecting URs.

But if you transfer, can you apply URs to pay for it?

Yes! See above response.

 

[jhoannam]

Okay, so I would call and book with Disney and then transfer it, and at that time I could pay with URs? That would be awesome!

But if you transfer, can you apply URs to pay for it?

Should of mentioned that when you transfer over to Chase you are actually transferring it to a Travel agency.

 

[Lain]

Here's my Question - that whole issue with Visa cards coding as cash advance on Plastiq...does that come into play when you pay a contractor? And if I was paying $10,000 bill on my CIP would I need to first pay them say $5 on an AMEX then pay the full bill on my Visa?

We're looking to get our retaining wall done and nobody accepts card, but now I'm thinking it's a way to essentially "purchase" some URs at a discount due to the 3x coding on CIP

Firstly, I've never, ever had a Visa card code as a cash advance through Plastiq but the general advice is to lower any cash advance limit as low as you can (do not consistently do this myself...). I've also never made a small payment on Amex or MC first though that also is typical advice given.

Also, how would I tell if Plastiq is ACH or anything else on my CIP? I made a $20 Plastiq payment last month and it just shows up on regular statements and doesn't say anything about it showing up elsewhere or under my cash access line or anything. I was planning on playing off a large portion of my student loan with my new CIP, but I'm not going to do it if it won't count towards my MSR.

Great answers already, so I'll just add some background.

Every dp I've read in the past several months say Plastiq has resolved the "cash advance" issue when paying new Recipients for the first time using a Visa. Plastiq payments should code as a purchase and not a cash advance when paying with a Visa even without "prepping" your payment. Like @3 DD love princesses said, if this is an issue, Plastiq will have a cash advance warning on the final screen before you submit your payment.

@Gwmw1210 raised a similar issue earlier this week about "prepping" a payment to a new Recipient when using a Visa.

Last year, Plastiq was having an issue where payments made to a new Recipient for the first time would trigger a cash advance warning when using a Visa. What happened was when you set up a payment to a new Recipient who you've never paid before and isn't in Plastiq's system, and tried to use a Visa, the payment screen would warn you that you'd be making a cash advance, which is not what you want because cash advances don't count towards minimum spend and can incur fees.

So, the recommendation was to "prep" the payment by (1) requesting the card issuer lower the cash advance limit to $0 (or however much is the minimum allowed for your card product) so any accidental cash advance over that amount would be rejected, or (2) make the first (small) payment to a new Recipient with an Amex, MasterCard, or Discover card (which didn't have this issue) to establish a "relationship" with the Recipient and get them into the system, then you could use the Visa going forward without accidentally coding as a cash advance.

Plastiq has since fixed the cash advance issue, so it's no longer necessary to "prep" a payment to a new Recipient when using a Visa.

@DisneyMandC, you can check your credit card online or paper statement. There should be a line for Cash Advances/Cash Advance Balance in your account summary. If your $20 ended up being a cash advance, it should be there. I doubt it is, because the issue is supposed to be fixed and you didn't see any warning.

EDIT: Guess I should clarify this too - does CIP earn 3x on ANY purchase that runs through Plastiq? (I sound like a newbie for once here, haha!)

Secondly, Yes, CIP is *currently* earning 3x on ANY purchase made through plastiq using the CIP. Good stuff, huh??

Yes, CIP is still coding every Plastiq transaction as 3x. @wendow's right to be cautious, because for a while Plastiq was coding as travel for rent/mortgages last year and earning 2x on CSP and 3x on CSR/CIP until (speculation is Visa made) Plastiq change their MCC to something more accurate to their services around June 2017. Then in the late summer/fall, Visa imposed new guidelines that banned mortgage payments on Plastiq, and Amex followed suit in November. So things can change. Get 'em while the gettin's good!