terapined
terapined
Joined: Dec 1, 2012
  • Threads: 65
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November 13th, 2013 at 4:39:26 PM permalink
Just got an offer in the mail for one of these.
Looks like a fantastic offer if I order the card but never use it.
I have 0 credit card debt and plan to keep it that way.
I read the fine print and everything looks good, no sign up cost and no annual fee.
Its a great deal because I get 2 buffet of buffet passes just for signing up.
Of course Rio and Bachanal buffets extra but those are always extra.
Also 10,000 reward points if I spend 750 bucks over 3 months but I doubt if I'll do it.
If I do, will pay it off immediately so I don't incur interest charges.
Is 10,000 reward points a lot?
I spoke to the rep, She said the buffet passes are just for signing up.
Maybe get the card, then get the passes, then cancel the card in a couple months.
Just doing this for the 2 free buffet passes,
Anybody else get this offer. Am I missing anything. Is this too good to be true.
"Everybody's bragging and drinking that wine, I can tell the Queen of Diamonds by the way she shines, Come to Daddy on an inside straight, I got no chance of losing this time" -Grateful Dead- "Loser"
AcesAndEights
AcesAndEights
Joined: Jan 5, 2012
  • Threads: 65
  • Posts: 3938
November 13th, 2013 at 4:44:41 PM permalink
Quote: terapined

Just got an offer in the mail for one of these.
Looks like a fantastic offer if I order the card but never use it.
I have 0 credit card debt and plan to keep it that way.
I read the fine print and everything looks good, no sign up cost and no annual fee.
Its a great deal because I get 2 buffet of buffet passes just for signing up.
Of course Rio and Bachanal buffets extra but those are always extra.
Also 10,000 reward points if I spend 750 bucks over 3 months but I doubt if I'll do it.
If I do, will pay it off immediately so I don't incur interest charges.
Is 10,000 reward points a lot?
I spoke to the rep, She said the buffet passes are just for signing up.
Maybe get the card, then get the passes, then cancel the card in a couple months.
Just doing this for the 2 free buffet passes,
Anybody else get this offer. Am I missing anything. Is this too good to be true.


10,000 Rewards Credits = $100 dollars to spend on food, rooms, etc. at any TR casino.

There is no downside other than the impact to your credit report, which will be small but extant. Basically anytime anyone runs a credit check on you, your credit score goes down slightly. Apparently applying for credit too often is a risk factor. This is a small component of your credit rating and is usually overshadowed by other behaviors good or bad.

As far as I can tell that's the only downside. I had the old TR Visa card but haven't bothered applying for the new one. The old one served me well but I found there were better reward programs out there since I can only "spend" those rewards at a TR casino (none very close to me). I may in fact apply for the new one just to get the buffet passes and maybe run the $750 to get the $100.

I am with you on credit cards. Useful tools that can be abused; not worth it if you risk carrying a balance and paying interest. I never run a balance but use the cards to get the cash back and for tracking my spending (via services like mint.com).
"So drink gamble eat f***, because one day you will be dust." -ontariodealer
SOOPOO
SOOPOO
Joined: Aug 8, 2010
  • Threads: 89
  • Posts: 3905
November 13th, 2013 at 5:17:07 PM permalink
Quote: terapined

Just got an offer in the mail for one of these.
Looks like a fantastic offer if I order the card but never use it.
I have 0 credit card debt and plan to keep it that way.
I read the fine print and everything looks good, no sign up cost and no annual fee.
Its a great deal because I get 2 buffet of buffet passes just for signing up.
Of course Rio and Bachanal buffets extra but those are always extra.
Also 10,000 reward points if I spend 750 bucks over 3 months but I doubt if I'll do it.
If I do, will pay it off immediately so I don't incur interest charges.
Is 10,000 reward points a lot?
I spoke to the rep, She said the buffet passes are just for signing up.
Maybe get the card, then get the passes, then cancel the card in a couple months.
Just doing this for the 2 free buffet passes,
Anybody else get this offer. Am I missing anything. Is this too good to be true.



I also believe it gives you automatic upgrade to Platinum from Gold which eliminates resort fees for Caesar's properties. And I'm pretty sure you can eat at the giant buffet at the Rio, just not the smaller seafood buffet. And $100 for spending $750 is a free $100 for you.
JohnnyQ
JohnnyQ
Joined: Nov 3, 2009
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November 13th, 2013 at 5:22:42 PM permalink
And I believe Platinum gives you access to the short VIP line at the buffet, so that can come in handy.
I remember the thirty-five sweet goodbyes; When you put me on the Wolverine up to Annandale; It was still September When your daddy was quite surprised; To find you with the working girls in the county jail; I was smoking with the boys upstairs when I Heard about the whole affair;I said oh no William and Mary won't do
rdw4potus
rdw4potus
Joined: Mar 11, 2010
  • Threads: 79
  • Posts: 6589
November 13th, 2013 at 5:33:51 PM permalink
Quote: AcesAndEights

10,000 Rewards Credits = $100 dollars to spend on food, rooms, etc. at any TR casino.

There is no downside other than the impact to your credit report, which will be small but extant. Basically anytime anyone runs a credit check on you, your credit score goes down slightly. Apparently applying for credit too often is a risk factor. This is a small component of your credit rating and is usually overshadowed by other behaviors good or bad.

As far as I can tell that's the only downside. I had the old TR Visa card but haven't bothered applying for the new one. The old one served me well but I found there were better reward programs out there since I can only "spend" those rewards at a TR casino (none very close to me). I may in fact apply for the new one just to get the buffet passes and maybe run the $750 to get the $100.

I am with you on credit cards. Useful tools that can be abused; not worth it if you risk carrying a balance and paying interest. I never run a balance but use the cards to get the cash back and for tracking my spending (via services like mint.com).



There's a netting effect: the application results in an inquiry which has a small but negative effect, but the open and unused card should have a similarly positive effect. In addition to the inquiries, the amount of available unused credit is also a component of most scores.

I'm confused, why not use the card? Definitely don't carry a balance, but for $100 and 2% (or what ever the points-back rate is) why not take the free money?
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
OzzyOsbourne
OzzyOsbourne
Joined: Jul 10, 2012
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November 13th, 2013 at 6:04:45 PM permalink
the cash back rate is 1% IF you use the points to pay for rooms/food and .5% if you get use the points for free play aka cash.
casino's money disappears the execs worry when the wizard is near He turns tears into joy Everyone's happy when the wizard walks by
Tomspur
Tomspur
Joined: Jul 12, 2013
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  • Posts: 2019
November 13th, 2013 at 6:06:24 PM permalink
If those are really the parameters of the card then I say go for it.
The reason they give you these offers though is Visa is banking on you spending more than you should and they collecting the interest.

If you are responsible enough, collect the $100 in rewards and youor buffet's and off you go :)
“There is something about the outside of a horse that is good for the inside of a man.” - Winston Churchill
ThatDonGuy
ThatDonGuy
Joined: Jun 22, 2011
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November 13th, 2013 at 6:16:41 PM permalink
I went for it, mainly because I need another Visa card (I have a B&N Mastercard and a Discover as my two main "go to" cards), and the features plus no annual fee pretty much sold me. (United keeps sending me junk mail for its card, but the annual fee is, what, $75?)

Hopefully, this card has an automatic payment system (I always pay off my credit cards in full each month), so I don't have to jump through the hoops of logging in to an account and slicing my way through a jungle of pages just to pay the bill.
rdw4potus
rdw4potus
Joined: Mar 11, 2010
  • Threads: 79
  • Posts: 6589
November 13th, 2013 at 6:29:20 PM permalink
Quote: ThatDonGuy

I went for it, mainly because I need another Visa card (I have a B&N Mastercard and a Discover as my two main "go to" cards), and the features plus no annual fee pretty much sold me. (United keeps sending me junk mail for its card, but the annual fee is, what, $75?)

Hopefully, this card has an automatic payment system (I always pay off my credit cards in full each month), so I don't have to jump through the hoops of logging in to an account and slicing my way through a jungle of pages just to pay the bill.



I don't think United, or maybe more accurately I don't think Chase, really understands what should be the market for that card. The annual fee is $95, I think. Holders get 1 free checked bag (for up to 2 people on the same reservation), 2 one-time-use club passes per year, and early boarding privileges. Except for the club passes, the card's benefits are worse than the frequent flier status benefits held by just about anyone who would ever want this card. I suppose the mileage plus miles accumulation has value, but nowhere near $95 worth...
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
mycran
mycran
Joined: Jun 28, 2012
  • Threads: 11
  • Posts: 63
November 13th, 2013 at 6:53:27 PM permalink
I got this card several months ago ,it was easy to spend the $750 in every day expenses to take advantage of the 10k in points ,plus you get points for the purchases. You do get bumped to platinum level right off which as others have stated has its advantages.

They also offered a twenty dollar gift visa if you sign up for assure , it protects if you become unemployed and makes your minimum payments, I was led to believe if you carried no balance then no charge , which is wrong.When I got my second bill they charged my account a fee before I had a chance to pay off my balance so I called and they were nice and cancelled the assure and refunded the charges so all is good , and got to keep the gift card.

Their website is easy to use and pay your bill on , so no problem there. I would recommend it as long as you do not carry a balance .
There are three types of people in this world,those who can count and those who can not.

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