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New priceline visa - with 2% rewards on purchases / 5% rewards on "Name your own price"

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42 of 55
+1
sayhey
5/30/13 5:45 PM
cashbackcardsonly said:   

talonesi said:   

It sounds like it is time to pickup a backup 2% card.



Please let us know if you find one. It appears other than Fidelity's AMEX card, there are none.



Please see my thread: http://www.fatwallet.com/forums/finance/1275879/
0
palmpilot
5/30/13 6:26 PM
ProfessorEd said:   


If it is still available the BOA Travel Rewards Privileges Card is a little better than 2%. See the thread on it.



That is good as well as the no-AF BofA travel card at 1.65% if you have a BofA checking account, however the rewards need to be spent on travel bought with this card.
-1
CowbellMaster
5/31/13 10:42 AM
CowbellMaster said:   

I just got an email from Priceline Visa entitled "Coming soon...a totally new online cardmember experience" regarding some new portal page they're rolling out and noticed that I had a small wave of anxiety hit me as soon as I saw the message in my inbox.

Am I the only one with a minor case of PTSD due to the Schwab 2% card termination experience?



*grabs paper bag*

0
rlaw
6/2/13 11:17 PM
esoterica said:   

cashbackcardsonly said:   

That bites! At least I know why I was turned down. Can't be bothered with a brokerage 2% card, Is there any other 2% cards in existence?



The Citi Thank You Premier and Prestige cards are effectively 2.67% Cash Back cards if you fly a lot:

- 1 Thank You Point (TYP) for every dollar you spend
- 1 Flight Point (FP) for every mile flown using tickets purchased with the card; 1 FP gets converted into a TYP for each TYP you earn by spending
- 33% bonus TYP redemption on airfare (1 TYP = $0.0133), and tickets can be purchased with a combination of TYPs and cash so you don't have to have enough TYPs to cover the whole ticket

Also the Premier card gives 1.2 TYPs for supermarkets, gas stations, drugstores, commuter transportation and parking merchants, for an effective 3.2% max for those categories (1.2 TYPs + 1.2 FPs + 33% bonus), and the Prestige card gives 2 TYPs for dining, for an effective 5.33% max.



This has been on top of my mind for a few days now (since I have the TY Premier) and I think your double counting,

Just because you earn miles when you make those flight purchases doesn't make this a 2% card.

ie.

Consider a generic card that offers 1% CashBack vs TY Premier

I spend $10,000 and earn $100CB or 10000 TYP

I now decide to spend my reward on a flight, I can use the $100 cash or redeeming my TYP points gets me a $133 discount.

Either way I get miles. I don't consider the 1% card a 1% + 1 mile card, so you shouldnt do the same for the TY Premier.
+3
dukerau
6/2/13 11:33 PM
rlaw said:   

esoterica said:   

cashbackcardsonly said:   

That bites! At least I know why I was turned down. Can't be bothered with a brokerage 2% card, Is there any other 2% cards in existence?



The Citi Thank You Premier and Prestige cards are effectively 2.67% Cash Back cards if you fly a lot:

- 1 Thank You Point (TYP) for every dollar you spend
- 1 Flight Point (FP) for every mile flown using tickets purchased with the card; 1 FP gets converted into a TYP for each TYP you earn by spending
- 33% bonus TYP redemption on airfare (1 TYP = $0.0133), and tickets can be purchased with a combination of TYPs and cash so you don't have to have enough TYPs to cover the whole ticket

Also the Premier card gives 1.2 TYPs for supermarkets, gas stations, drugstores, commuter transportation and parking merchants, for an effective 3.2% max for those categories (1.2 TYPs + 1.2 FPs + 33% bonus), and the Prestige card gives 2 TYPs for dining, for an effective 5.33% max.



This has been on top of my mind for a few days now (since I have the TY Premier) and I think your double counting,

Just because you earn miles when you make those flight purchases doesn't make this a 2% card.

ie.

Consider a generic card that offers 1% CashBack vs TY Premier

I spend $10,000 and earn $100CB or 10000 TYP

I now decide to spend my reward on a flight, I can use the $100 cash or redeeming my TYP points gets me a $133 discount.

Either way I get miles. I don't consider the 1% card a 1% + 1 mile card, so you shouldnt do the same for the TY Premier.



Esoterica is not double counting. You are correct about the mileage aspect - whether you use TYPremier or another 1% card to buy a flight you get the same flight miles. With the TYPremier, you also get 1 Citi flight point for each mile of that flight. Those flight points turn to TY points with matching lifetime spend. In other words, it you spend at least as much on the card as the # of miles of flight purchases you put on the card, you will be getting 2 TY points per $1 spent on everything.
0
esoterica
6/3/13 2:13 PM
rlaw said:   

This has been on top of my mind for a few days now (since I have the TY Premier) and I think your double counting,

Just because you earn miles when you make those flight purchases doesn't make this a 2% card.



dukerau is correct, I believe you're conflating points earned on the airline ticket purchase with points earned on miles actually flown. This card gives you both, so, e.g., a $300 CLT-LAX round trip ticket would earn you 300 Thank You Points and 4250 Flight Points, which will be banked and converted automatically to TYPs at a 1:1 ratio as you earn TYPs through spending (conversely, if you have earned more TYPs from spending than you have earned from Flight Points, new Flight Points will be immediately converted to TYPs up to the total amount of TYPs you have previously earned through spending).

This is on top of the miles you earn through the airline's own frequent flier program.

So as long as you fly often, and can apply TYPs to airfare purchases, the Premier and Prestige cards are 2.67% cards, plus bonus categories.

Read Citi's description here.
0
arla
6/11/13 9:57 PM
MissCrabette said:   

What's wrong with a brokerage card? It works wonderfully. The only problem is that a couple of places don't take AMEX, which is why I was trying to fill that gap with this Priceline card.




Well... there is also the problem of the Fidelity card being issued by FIA, and I've never been a fan of their dispute handling. It will be sad to see this option go away, though.
0
KYBOSH
6/11/13 11:18 PM
This card was around for a pretty long time,

Why all of a sudden has it become so popular?
+2
phototristan
6/12/13 12:15 AM
This Priceline card is atrocious with regards to disputes. They just take your phone call but don't do zilch with handling the dispute at all. I actually think they may be in non compliance with some consumer credit card laws or something.

They don't credit back the charge, they don't follow up for more information, they basically just ignore you.

You've been warned. I'm stopping using this card excpet for charges I'm certain would not have to be disputed.
0
TonySpero
6/12/13 1:19 AM
I love the card, One question, I zapped a purchase after receiving a statement, so is it safe to pay the current balance and not the statement balance? After zapping it said, this does not count as a payment. For example statement balance is $175, credit reduces the current balance to $150, if I just pay the $150 will they charge interest on the $25?
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