Money Matters
csuave
member
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Capital One Venture and Chase Freedom Unlimited WWMMD?
I got a Capital One card several years ago because of the 0% foreign transaction fee. It earned 1% and I only used it for foreign purchases. I have had a Discover card forever and used to use that as my primary. H and I have a Chase Freedom together under his name but that is out of scope because I am only talking about my personal card for "fun money" spending.
A year an a half ago I closed the Capital One card and opened the COne Venture for the sign up bonus and the 1.5% cash back. I switched this to my primary personal card and moved the Discover to be used only for advantageous 5% cashback category purchases.
This week I had fraud on my Venture card. Apparently someone logged in and ordered a new card and changed the address to one in another state so the card would be sent there. I found out and stopped it but the customer service on this issue was a little lacking. It is really scary that this happened because I have an excellent online password. I have since changed to a new excellent password.
So now I'm irked at Capital One and unhappy with the online account security (although maybe this is irrational). I see that Chase has the new 1.5% Freedom Unlimited with a $150 sign up bonus. I'm thinking about cancelling my Capital One account and replacing it with the new Chase card. The drawback is that there is a foreign transaction fee on this card. Assuming I get a Chase card I then have to decide what to do with the CO card/account. Leaving the CO account open may be good for credit scoring reasons and leaving me with a good foex card but closing the account would help with peace of mind, one less account and password to monitor and also give me the opportunity to reopen (with a new bonus?) down the road if I want to.
FYI my FICO score is over 800 and my annual credit card spending is about $1,500 with most spend occurring at the end of the year (making it a good time to get that Freedom sign up bonus). My top categories (in order) are phone bill, gym and clothes.
Sometimes I take a vacation and put it on my cc, that can be up to an extra couple of thousand, however, I don't have plans at the moment for any foreign trips or vacations in 2017.
WWMMD? Get the new Chase card? Close the old Venture card? Consider a different card altogether?
A year an a half ago I closed the Capital One card and opened the COne Venture for the sign up bonus and the 1.5% cash back. I switched this to my primary personal card and moved the Discover to be used only for advantageous 5% cashback category purchases.
This week I had fraud on my Venture card. Apparently someone logged in and ordered a new card and changed the address to one in another state so the card would be sent there. I found out and stopped it but the customer service on this issue was a little lacking. It is really scary that this happened because I have an excellent online password. I have since changed to a new excellent password.
So now I'm irked at Capital One and unhappy with the online account security (although maybe this is irrational). I see that Chase has the new 1.5% Freedom Unlimited with a $150 sign up bonus. I'm thinking about cancelling my Capital One account and replacing it with the new Chase card. The drawback is that there is a foreign transaction fee on this card. Assuming I get a Chase card I then have to decide what to do with the CO card/account. Leaving the CO account open may be good for credit scoring reasons and leaving me with a good foex card but closing the account would help with peace of mind, one less account and password to monitor and also give me the opportunity to reopen (with a new bonus?) down the road if I want to.
FYI my FICO score is over 800 and my annual credit card spending is about $1,500 with most spend occurring at the end of the year (making it a good time to get that Freedom sign up bonus). My top categories (in order) are phone bill, gym and clothes.
Sometimes I take a vacation and put it on my cc, that can be up to an extra couple of thousand, however, I don't have plans at the moment for any foreign trips or vacations in 2017.
WWMMD? Get the new Chase card? Close the old Venture card? Consider a different card altogether?
Re: Capital One Venture and Chase Freedom Unlimited WWMMD?
However, I will say, I was not impressed with Capital One. I have an online savings account there once and when I tried to add my wife (foreign national with permanent resident status), they froze all the accounts and it took me almost a month to get access to my money. Not amused. It wasn't until I threatened to close the accounts and take my money elsewhere that they fixed it. I still moved my money.
I do have a Chase Freedom card and they're really on the ball. Especially when it comes to fraud protection. Even did a next day air on the new cards when I told them we were flying out to Europe on Tuesday (this was Friday).
I looked at the Unlimited card. For us it didn't work out because we hit the 5% categories on the Freedom card enough that our cash back is higher than it would be with a flat 1.5%.
If you are willing to pay the fee to have either a Sapphire preferred or Sapphire Reserve card issued through Chase, then the Freedom Unlimited makes sense because you can pool all of your points into a single UR account and transfer them to travel partners in bulk. Both Sapphire cards do not have a foreign transaction fee, and they actually award category bonus points when traveling internationally (this is rare).