lovetravellingoz
Enthusiast
- Joined
- Jul 13, 2006
- Posts
- 12,684
I'm in quite similar circumstances and got approved for a $17.5k limit (of which I only took $10k).
I must admit that I am a little curious as to the low limits that some are going for as I see this card as a "keeper"and not a "churner". One that is ideal to have in ones armoury so that one can pounce on any Point Running Opportunities when they present.
As this card earns at 2 Ascent Points per $, which means say 2 KF points per $, it is for me my highest earning card for most non-supermarket/gift card spend. Add to that the $400 travel credit and cashbacks and you have a card that makes you money in excess of its fee as well as being a points maximiser.
So for myself it is now my preferred card for such spend and so I will be channeling every $ I can through it (Or at least will be once my current triple NAB Point offer finishes on 24th Jan) including it being linked to PayPal (which counters some on the Gov 0.5 earn if direct). Naturally Gov spend will be on PayPal or other cards, and for Churning Cards one has to put through the qualifying spend. But with this card emerging at the same time as the banks have devalued the transfer rates to Krisflyer (For me a Krisflyer point is a lot more valuable AND much easy to redeem in the pointy end thana QFF point)
So for my earn/burn maximisation and spend patterns this is now a crucial card and a low monthly limit would get in the way of point maximization. I have upped what they assigned to $25K.
Being part of a couple, one of us will continue to hold it going forward. So no need for two high limits.
Currently I have 3 "keeper" cards: Explorer, Edge and Free for life Citibank Signature. Apart from maximising points, the cards are effectively free. Other cards come and go as "çhurner" cards.
As part of a couple I could churn the Explorer as long as one of us holds it. The Edge however is needed as a Points Warehouse, in addition to its ability to earn 3 points per $ on certain types of spend. This warehouse is only likely to grow as a chunk of spend has now been swapped from the Westpac Black to the Explorer.