Beefy wrote: ↑Sun May 12, 2024 6:29 pm
EvenBetterThanTheRealThing wrote: ↑Sun May 12, 2024 10:16 am
ptatohed wrote: ↑Thu May 09, 2024 1:48 am
For that extra 1% CB with the Savor, over the SavorOne, you'd have to be spending more than $9500/yr in those 4% cats to justify the $95 AF.
And the numbers were crunched.
Does the VX share points with the savor like the venture/venture 1 does? That is the only way this makes sense to me, yes I have faith you ran the numbers and believe you capable doing the math… but without a points transfer I just don’t see how the c1 ecosystem makes sense with the AF.
The Alt Go is 4% and no AF, the alt reserve nominally has a 300 dollar yearly dinning/travel credit and 4.5% mobile wallet no cap
The Redstone visa sig is 5% dinning and gas and a ton of other 3% even with the 7k cap on dinning paired with the Go or something else would still exceed any cap1 dinning card hell even reverting to the base 1.5% for a couple grand beats the 3-4% cap1 and even getting 2 cards you still come out 1 hp ahead and doubling up on the subs vs getting any capital one card.
Cap1 seems to like you, and I understand brand loyalty, it isn’t always about the numbers… I just don’t understand the numbers in this case, but freely admit I am AF adverse.
Points can be moved from any QS or Savor family card to VX. On it's own there are better cards than Savor, there's no disagreement there. I'm already invested in the Cap1 ecosystem though. I've been using VX as my catchall card. The VX works well for me as it's got a fairly simple structure that works out like a flat 2% card and is very easy to use the credits (nothing like the monthly coupon books some amex MR cards have become). I was a bit reluctant to apply for it initially, but it's been very easy to get solid value out of the card. It was also the first card with a higher min limit that I greenlighted on a preapproval for and has worked out well as my travel was already increasing prior to that. I was pairing that with a no sub SavorOne I had previously opened with a $3k SL 10 months earlier in the rebuild. So since last July I've been transferring $ from my SavorOne (and to a much lesser degree my QS) rewards over to VX. When I ran the numbers for 2022 and 2023, I was exceeding the $9.5k break-even point ptatohead has been referencing between Savor and SavorOne when accounting for the $95 AF. So I'm coming out ahead of where I would have been had I not opened it and I'd also be lying if I didn't like the metal card (not really relevant but since I'm better than breaking even to have it why not). Sure there are better subs than $300, but I don't have to further split my rewards with another lender. I'm already splitting off some rewards earnings for my primary grocery and streaming spend to Amex using my BCP. I opened that card in Jan '23 with a $300 sub and the $95 AF waived for the first year. With that card I'm aware of Brutalbodyshots and others who downgrade to BCE and get offers to upgrade again. I haven't done that because I get a $50 credit towards the annual fee due to my corproate green card from work (need to contact Amex and see when that credit will hit - they said about 12wks and that's where I'm at right now). Hopefully my long-winded response makes some sense. I do plan to open a no AF card with NFCU next but that's mainly to diversify. After opening that I may consider shutting down the older SavorOne since I'll have no use for it and after moving limits around it's now my lowest CL card. I'm nearing my limts on how many cards I want to handle 6-7 is probably tops for me.
