What was the thing to get virtual card enabled on day 1

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Quote from desitoyota : Do you know that you get 2x points for everyday purchase on C1 venture X ….right? That by itself beats the 1.5times point redemption value of CSR. And chase portal for travel is pathetic in flight selection. C1 portal offers tickets and price better than Expedia

...what?

You're conflating two different things here and making a lot of math mistakes.

2x is what you earn on spend with the C1 card.

Then you only get 1x value for those points in the portal.

So you effectively "earn" 2 cents per dollar spend in rewards.



Meanwhile, over in Chase land--- you earn 3-5x on all spend you can fit into a bunch of categories across several different chase cards.... and you then earn 1.5x on non-category spend with an unlimited chase card.

(Cap 1 in contrast has no bonus categories on any card I can see other than for cash bookings in the portal)


Then you ALSO get 1.5x value in the portal with chase. These multiply with the earnings bonus.


Which means your NON category stuff gets you... 2.25 cents per dollar spent in rewards.


2.25 is higher than 2.

And for the stuff you got 3-5x chase points on the spend (via CSR, Ink Cash, or Freedom cards) you are effectively getting 4.5-7.5 cents per dollar spent in rewards.



So Chase>C1 by a large margin overall if you're a portal user in terms of actual value of the reward redemptions.



All of which ignores the fact much HIGHER values are to be had by transfering your points to airline and hotel partners instead of using the portal in most cases.


There it'll be more situational, but the lack of a worthwhile hotel partner for C1, vs Hyatt offering often north of 2 cents per point with Chase, puts Chase in the winners seat again.

Quote from harshacash : Does anyone know how this works - "Use your miles to get reimbursed for any travel purchase" Planning to buy a flight ticket next month, if I get approved for this card

You just pay for the flight using your card, then once you have enough points to cover it you go to "Cover Travel Purchases" in the app and it will let you select your eligible travel purchase for redemption.

Quote from funnyperson1 : You just pay for the flight using your card, then once you have enough points to cover it you go to "Cover Travel Purchases" in the app and it will let you select your eligible travel purchase for redemption.

Thank you! What's an easy way to hit the 4k spending limit?

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Quote from harshacash : Thank you! What's an easy way to hit the 4k spending limit?

Well you have three months, so most people could just move all their regular purchases/expenses to this card until they hit 4K (if your total expenses are less than 4K for three months in the US, I want to know where you live).

I personally paid my property taxes with the Credit card to get a nice head start.

Quote from harshacash : Thank you! What's an easy way to hit the 4k spending limit?

Also remember there is no 0% intrest intro fee so make sure you can pay off that 4K same month or this becomes worthless. I have 29% intrest. I don't know the math with cc intrest but 29% on 4K per month sounds like alot.

Quote from Knightshade : ...what? You're conflating two different things here and making a lot of math mistakes. 2x is what you earn on spend with the C1 card. Then you only get 1x value for those points in the portal. So you effectively "earn" 2 cents per dollar spend in rewards. Meanwhile, over in Chase land--- you earn 3-5x on all spend you can fit into a bunch of categories across several different chase cards.... and you then earn 1.5x on non-category spend with an unlimited chase card. (Cap 1 in contrast has no bonus categories on any card I can see other than for cash bookings in the portal) Then you ALSO get 1.5x value in the portal with chase. These multiply with the earnings bonus. Which means your NON category stuff gets you... 2.25 cents per dollar spent in rewards. 2.25 is higher than 2. And for the stuff you got 3-5x chase points on the spend (via CSR, Ink Cash, or Freedom cards) you are effectively getting 4.5-7.5 cents per dollar spent in rewards. So Chase>C1 by a large margin overall if you're a portal user in terms of actual value of the reward redemptions. All of which ignores the fact much HIGHER values are to be had by transfering your points to airline and hotel partners instead of using the portal in most cases. There it'll be more situational, but the lack of a worthwhile hotel partner for C1, vs Hyatt offering often north of 2 cents per point with Chase, puts Chase in the winners seat again.

In long run I agree with you Chase Sapphire Preferred is better.
Short run (just to get the bonus then wait to cancel) they look the same to me.

I'm waiting for Chase Sapphire Preferred to get to 80K bonus and will probably pull the trigger (gave up on waiting for 100K bonus that they had offering back in last quarter 2021 , probably won't never happen again), right now it is 60K which is badddddd

Quote from harshacash : Does anyone know how this works - "Use your miles to get reimbursed for any travel purchase" Planning to buy a flight ticket next month, if I get approved for this card

You can use the miles earned to offset the travel related expenses. For instance, you can used 10,000 miles to offset $100 toward a flight ticket.

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Quote from AoeROR : In long run I agree with you Chase Sapphire Preferred is better. Short run (just to get the bonus then wait to cancel) they look the same to me.

As short term SUBs, sure, both are worth doing.... that said, Cap 1 seems vastly pickier than Chase.... Chase (and Amex, BoA, etc) all seem happy to give me lots of cards as long as I follow the known rules for each... Cap1 I got a targeted mailing for 100k pts for venture like 5 years ago, churned that and downgraded to a QS after 1 year, and have been turned down for every application since then with C1 all the while still getting cards for all other major banks without issue.... (esp painful given they pull all 3 bureaus-- and yes I know about their 1/6mo and 2/max rules and wasn't afoul of either any time I applied--- >800CS, high income, etc)

Capital one denied my venture application even though I have 800+ score and 1-2% credit utilization at the moment. lol.. so strange. Was looking for a new travel card. Oh well. What's weird the inquiry didn't show up on my credit reports.

Quote from njramsfan : Capital one denied my venture application even though I have 800+ score and 1-2% credit utilization at the moment. lol.. so strange. Was looking for a new travel card. Oh well. What's weird the inquiry didn't show up on my credit reports.

Any chance you have your credit frozen? Because that's a reason for both things you described.

Quote from Knightshade : Any chance you have your credit frozen? Because that's a reason for both things you described.

nah.. I havent froze/lock my credit. strange.. still havent received their letter so curious to see what they say. lol.

Quote from njramsfan : nah.. I havent froze/lock my credit. strange.. still havent received their letter so curious to see what they say. lol.

huh...only other case I can recall ever having a denial and NOT getting a hard pull was I once applied for a BoA business card where they gave me the 7-10 days to let you know message on application-- and then a week later got a letter saying the welcome offer I applied under was no longer available so they had to turn me down.... no hard pull appeared.

Would definitely be interested to see what your letter says if you're willing to post the results here when you get it.

Quote from harshacash : Thank you! What's an easy way to hit the 4k spending limit?

Your utility bills, pay in advance. That's what I did.

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