I love credit cards so much! v2.0 (see first page for add'l details)

[CyndiLouWho]

However, @CyndiLouWho posted last night that her mom hit the MSR on a CSP on or about 3/26, but is still not seeing the SUB pending.

Went back and double checked. Mom's charge that met MSR was actually 3/28 so may have posted a few days later. Her last statement closed 3/24. I confirmed by SM on 4/2 that she met MSR of $4k and they reported she did meet it and was at $4250 and change. So now 8 days after confirming and it’s still not showing as pending.
I’m not super concerned it won’t post. Mom is not a churner, this is her 2nd ever Chase Card and 3rd card in 6 years. I mainly wanted to make sure she met MSR because she had until 4/25 and I told her I’d help with spend if she hadn’t made it by 4/1 (and I’m sure you all know I’d rather put spend on my own cards than hers lol).

 

[PolyRob]

What’s the point difference? lol I like Coronado but it doesn’t really compare to the beach club. I’m staying at the Yatch Club for the first time in June. I like the renovated rooms. But between the Yatch and beach I’d def do the cheaper one.

This is me 100%! I like them both enough, but YC seems to get deeper price cuts, especially from Disney direct. I guess from non-filled convention rooms or something?

Yacht Club and Beach Club are just amazing to me. That area is so beautiful, you can walk to Epcot or HS, you can boat as well. I honestly don't have a preference between the 2 - both are nice and they share the same restaurants and awesome pool.

I didn't think I had a preference, but my last BC stay was so great that its my favorite Epcot resort. I think I appreciate the BC colors and lobby a tiny bit more. YC is still great and I would stay there in a heartbeat. BC just seems more fun and family friendly to me.

 

[havaneselover]

You didn’t go to the one in Woodbridge (I can’t remember how far South you are)did you? I’m planning on going out there on Saturday.

Mine now has a sign up that says the limit is 10.

 

[Judique]

I’m conflicted on this. I haven’t gotten any credit cards from a credit union. Part of me feels like I shouldn’t. They are much better than big banks especially for lower income individuals who seem to be abused more by bigger banks. I’d feel a little guilty. Idk if that will necessarily stop me from getting cards from them but they aren’t on my list right now. I did open a credit union account to fund $2500 with a credit card before. I guess that is abusing them.

Just got a credit card from NFCU. Don't have any problem with it. I've got three of their cards now, but the first two are very old. I had long ago stopped using them. I was very happy to get it. Finally a bonus for using their card that is competitive with other banks! Plus, this card will become part of my daily driver package because it is a competitive card.

As far as bank bonuses go, I'm not into them as I'm not going to switch up my banking, but - I could be persuaded to deposit a bit of money (that I currently have in an institution not of my choosing that I can withdraw at any time) into one of these banks, get the bonus and possibly leave it there if it was a good opportunity for the money. But, I'm not going to dip in grab and go. But whoever else - not going to judge.

 

[SouthFayetteFan]

A Mod post on r/churning states:

If it is found that you intentionally alert any company/institution connected with churning and inform them about the actions of this community, you will be permanently banned. Doing so is purposefully damaging to what the community is based on.​

I only share this here as a follow up to yesterday's "rule 11" update as it relates to the AA situation. It appears that the mods on r/churning have decided to take a more proactive approach to protect our hobby from some people who think it's funny to blast loopholes and/or report loopholes directly to banks. I think it's a good thing personally and a good thing for our group. Some of us monitor the activity there closely and report here - hopefully some of the current strategies live on for awhile due to these actions!

 

[speedyfishy]

A Mod post on r/churning states:

If it is found that you intentionally alert any company/institution connected with churning and inform them about the actions of this community, you will be permanently banned. Doing so is purposefully damaging to what the community is based on.​

I only share this here as a follow up to yesterday's "rule 11" update as it relates to the AA situation. It appears that the mods on r/churning have decided to take a more proactive approach to protect our hobby from some people who think it's funny to blast loopholes and/or report loopholes directly to banks. I think it's a good thing personally and a good thing for our group. Some of us monitor the activity there closely and report here - hopefully some of the current strategies live on for awhile due to these actions!

Ugh, are people really doing this??

 

[CyndiLouWho]

Opened a Discover savings account last weekend. My initial transfer is showing as pending. Can I make another deposit before the initial one shows? Is it better/quicker to push or pull money from Discover? FWIW I plan on reach8ng the $15 or $25k with repeated deposits/withdrawals but will end up leaving some money to keep as a savings account.


Since we’re discussing morals today, give me your take on this please. My “business” is a rental property which I inherited in a trust (I can’t sell it). It was left to me, with some cash, in order to provide a home for someone who is disabled and can’t own her own home. To keep everything above board, I charge her rent that is equal to taxes + insurance (no profit). I deposit all rent checks in a specific savings account and pay all bills pertaining to this property from that account (like paying the roofer with my CIP and paid that charge on it directly from the savings account). I keep everything very transparent in case anything is questioned in the future. So my plan with the Discover savings is to transfer this rental property account to Discover so it makes more interest. I will use that money, plus some of mine, to reach th bonus level, then withdraw the bonus and all my personal money, leaving only the exact amount in Discover that was originally in the rental property account. Sorry if that’s confusing. Somehow I feel a little guilty that I’m making a $200 bonus in part off money that I don’t feel is mine. I’m not sure I should though since all interest will stay in that account and it will be making more interest in the end. Thoughts?

 

[alryan]

Have you checked out DCL during those dates out of San Diego? RCCL has some options too I believe. We’re kind of burnt out on Western Caribbean cruises but absolutely loved our Mexican Riviera cruise out of San Diego. Puerto Vallarta (day pass at all inclusive Hyatt) was amazing and I loved Mazatlan. It felt like being in Spain.

This trip will all be on URs so DCL is out. I never really thought about a different port. There aren't any nonstop flights for us to California so it's more travel involved, but I'll check it out, thanks!

ETA: Nothing out of San Diego in October, but I could go to Galveston, TX and a 5 night cruise was $1930, $500 less and an extra night. Now to see how easy it is to get there on SW. And bonus, my kids could cross another state off the list! Thanks for the suggestion!

 

[Etonduf]

.

 

[tink1970]

Plus, this card will become part of my daily driver package because it is a competitive card.

I think NFCU is large enough I wouldn't feel too guilty about getting their credit card, especially since it sounds like you're going to be using it regularly. Is it the one with the 50,000 SUB for $4k spend and 3X travel, GE, and $49 AF waived the first year? That looks solid!

Ugh, are people really doing this??

LOL, sour grapes, of course people will. I would not because it's not how I roll but when DH can't get CIP #1 and people are working on #3, then if I were a different person I'd report it in a heartbeat...human nature tends to be jealous and petty. Happily for all y'all, I dislike Chase enough now that as long as someone is pulling one over on them, good.

Somehow I feel a little guilty that I’m making a $200 bonus in part off money that I don’t feel is mine. I’m not sure I should though since all interest will stay in that account and it will be making more interest in the end. Thoughts?

ETA to totally change my thoughts once I read @Judique's well thought out post. Probably best to avoid any appearance of wrongdoing, even if your intentions are pure!

 

[Judique]

Opened a Discover savings account last weekend. My initial transfer is showing as pending. Can I make another deposit before the initial one shows? Is it better/quicker to push or pull money from Discover? FWIW I plan on reach8ng the $15 or $25k with repeated deposits/withdrawals but will end up leaving some money to keep as a savings account.


Since we’re discussing morals today, give me your take on this please. My “business” is a rental property which I inherited in a trust (I can’t sell it). It was left to me, with some cash, in order to provide a home for someone who is disabled and can’t own her own home. To keep everything above board, I charge her rent that is equal to taxes + insurance (no profit). I deposit all rent checks in a specific savings account and pay all bills pertaining to this property from that account (like paying the roofer with my CIP and paid that charge on it directly from the savings account). I keep everything very transparent in case anything is questioned in the future. So my plan with the Discover savings is to transfer this rental property account to Discover so it makes more interest. I will use that money, plus some of mine, to reach th bonus level, then withdraw the bonus and all my personal money, leaving only the exact amount in Discover that was originally in the rental property account. Sorry if that’s confusing. Somehow I feel a little guilty that I’m making a $200 bonus in part off money that I don’t feel is mine. I’m not sure I should though since all interest will stay in that account and it will be making more interest in the end. Thoughts?

I think you actually have a legal question here.

There is a possibility that you could be accused of 'commingling of funds' as you sound as if you have a fiduciary relationship.

Now that I think about it, there are all kinds of legal minds on this board, that probably will say 'ask your attorney' as that's probably the best advice. But for a $200 profit - not worth the effort.

In my own opinion, I probably wouldn't mix this money, but I honestly don't know what your ramifications might be. But, transferring it to make more interest - whole separate idea.

 

[Judique]

I think NFCU is large enough I wouldn't feel too guilty about getting their credit card, especially since it sounds like you're going to be using it regularly. Is it the one with the 50,000 SUB for $4k spend and 3X travel, GE, and $49 AF waived the first year? That looks solid!



LOL, sour grapes, of course people will. I would not because it's not how I roll but when DH can't get CIP #1 and people are working on #3, then if I were a different person I'd report it in a heartbeat...human nature tends to be jealous and petty. Happily for all y'all, I dislike Chase enough now that as long as someone is pulling one over on them, good.



In the end you're making the trust money and as I read it, you don't actually get a salary for managing all of this which sounds kind of like a pain in the tuchas! So if in the long run, you're making money by using the money and you're not stealing or otherwise hurting the individual who rents from you then I wouldn't feel guilty-you're using assets to generate income for you AND the trust win-win.

Yes! I was so happy to apply for this card because I actually feel slightly guilty not using my other NFCU cards. And it's also 2% on everything else.

 

[SouthFayetteFan]

Ugh, are people really doing this??

You quoted my earlier comment today where I shared what happened LOL! Maybe you missed that part

An interesting r/churning exchange regarding credit unions.

First some backstory - recently there's been an effort on r/churning by one particular user (and others assisting) to find every bank and credit card bonus out there that they could (many from obscure localized banks and credit unions).

Yesterday somebody shared this comment on r/churning about a $500 sign up bonus for $4,500 spend from a Baton Rouge credit union. Within an hour the website had crashed due to all the applications that were submitted: https://www.reddit.com/r/churning/comments/bb6kgs/discussion_thread_april_09_2019/ekicwzo/

Well in response, a user stated that they felt it was unethical for us to abuse a local credit union and actually reached out via email to somebody there to report what was going on: https://www.reddit.com/r/churning/comments/bb6kgs/discussion_thread_april_09_2019/ekjwde6/

Additional discussion ensued in today's Discussion thread: https://www.reddit.com/r/churning/comments/bbkov4/discussion_thread_april_10_2019/ekjzwiz/

I thought this was interesting and worth sharing. Much of the discussion surrounds a few ideas:

• Each person in this game has to draw their own moral boundaries (i.e. do you only "abuse" big banks, would you hit up credit unions, will you have a "business", etc...)
• Is it ok for one person to decide to police others with their morals by reporting something like this directly to bank management?
• Should we treat smaller banks or Credit Unions differently than larger banks? Are they better (or any less "guilty" if that's your premise)?
• Should it be the responsibility of the business to police their own terms and conditions and who they are approving?

If anybody has any thoughts on this exchange and how they approach these "issues" in the game, I for one would be fascinated to hear them. I think it's an interesting discussion topic for our group here

 

[tink1970]

Yes! I was so happy to apply for this card because I actually feel slightly guilty not using my other NFCU cards. And it's also 2% on everything else.

Don't worry, my DH uses his for both you (and himself), despite my neatly labelled cards which provide more return!

 

[CyndiLouWho]

I think you actually have a legal question here.

There is a possibility that you could be accused of 'commingling of funds' as you sound as if you have a fiduciary relationship.

Now that I think about it, there are all kinds of legal minds on this board, that probably will say 'ask your attorney' as that's probably the best advice. But for a $200 profit - not worth the effort.

In my own opinion, I probably wouldn't mix this money, but I honestly don't know what your ramifications might be. But, transferring it to make more interest - whole separate idea.

Well technically I own the house, but the tenant gets to live there until her death, or until we both agree to sell. I did consult an attorney when this all happened 10 years ago and was told basically I own the house, have to pay for upkeep, taxes, etc., she lives there. The money was left to me with the intention to help pay for house upkeep but there was no legal stipulation I must spend only on that. I just felt it was my moral obligation to spend it as it was intended. The house was left to me by an uncle who didn’t trust his own kids to be honest and do the right thing, so he couldn’t leave it to them. However, I keep records of what I spend to be honest, but also because one of my cousins has occasionally threatened to sue to break the trust & get the house and I want to be able to show I’m not making a profit here. (My cousin has no legal standing and just wants the house for $ and would kick out the tenant) Honestly the tenant knows I can’t afford to let her live there for free or I would. It’s a regular soap opera.

 

[WVMomof3]

Opened a Discover savings account last weekend. My initial transfer is showing as pending. Can I make another deposit before the initial one shows? Is it better/quicker to push or pull money from Discover? FWIW I plan on reach8ng the $15 or $25k with repeated deposits/withdrawals but will end up leaving some money to keep as a savings account.


Since we’re discussing morals today, give me your take on this please. My “business” is a rental property which I inherited in a trust (I can’t sell it). It was left to me, with some cash, in order to provide a home for someone who is disabled and can’t own her own home. To keep everything above board, I charge her rent that is equal to taxes + insurance (no profit). I deposit all rent checks in a specific savings account and pay all bills pertaining to this property from that account (like paying the roofer with my CIP and paid that charge on it directly from the savings account). I keep everything very transparent in case anything is questioned in the future. So my plan with the Discover savings is to transfer this rental property account to Discover so it makes more interest. I will use that money, plus some of mine, to reach th bonus level, then withdraw the bonus and all my personal money, leaving only the exact amount in Discover that was originally in the rental property account. Sorry if that’s confusing. Somehow I feel a little guilty that I’m making a $200 bonus in part off money that I don’t feel is mine. I’m not sure I should though since all interest will stay in that account and it will be making more interest in the end. Thoughts?

On the ethics, I have no problem with it. I am actually planning on doing something similar. For reasons I won't get in to we are "holding" a family members money. I hate it. I don't want it. My plan is to hit some bank bonuses with it and keep the bonus. I just haven't actually got around to doing it yet, but I feel like at least I can get something out of it. But in my case, nobody is watching me. No one cares. I keep records of what this person has, but other than that, they have no idea what I am doing with it So in your case, does someone care? Is someone watching over the money and seeing where and how it is spent?

 

[Judique]

Don't worry, my DH uses his for both you (and himself), despite my neatly labelled cards which provide more return!

I'm busy trying to talk my two non churning children into getting this card. They both use the 1 and 1/2 % NFCU card and one can actually pay his rent directly with the card.

Maybe your husband will see the light with this card in time.

 

[MKTokyo]

Thanks for the update. I’m looking at nov 2-6. Two adults and two kids ages 6 and 4. Down to yacht club, beach club or Coronado. Never stayed at either. Seems like you guys like yc. What say you?

I do not know anything about Coronado so can't help there. But, YC/BC share the best pool on property. It's like its own little private water park.

BC is closer to Epcot but on a cash (or points... non-DVC) stay, YC is the better choice if a balcony is important to you. Too many BC cash rooms have tiny, useless Juliet balconies.

 

[amalone1013]

Soooo for DHs work trip back in February his flight was delayed about anhour, I think they switched planes for a mechanical thing. SW sent him a voucher for $150 automatically and he never told me...

Hes off to KC again on Monday. 3500 more RRs for us...

 

[speedyfishy]

You quoted my earlier comment today where I shared what happened LOL! Maybe you missed that part

I just automatically assumed this was new and someone called AA about the 24 month language.

ETA: I’m a little paranoid lol