Credit Card Thread

What's a good first credit card to get? I have TD bank.

I have Chase Sapphire Reserve and AMEX Platinum cards.
>$500 in annual flights paid for
>$200 in Uber VIP
>Access to all the lounges when I travel/free food drinks
>Free TSA Pre-Check AND Global Entry
>Purchase protection up to $10K (If I lose my gaming laptop Amex will fully reimburse it, no proof needed)
>Free rental car insurance (covers $75K)
>Point multipliers for travel and hotels are insane
>Also small shit like free wifi at air ports and on planes.

For points I use Amazon Prime card (with prime benefits) for 5% at Whole Foods and Amazon. Amex Blue Cash Preferred for everything else (6% back at supermarkets), 2% on gas. Also Amex is the only credit card I can buy crypto with through Abra app and it doesn't get reported as a cash advance ($200 daily limit/$1000 monthly limit though).

USAA for any cash advance (I can get $10K debited to my checking account at a moments notice and then transfer the balance to another card for 0% interest/12 months)

If your credit score is decent, damn near every bank offers a card with 1% cash back and no fee.
If it sucks build it up with a secured card.

Attached: chase-ink-preferred-credit-card-15542312c.jpg (500x316, 27K)

I am in the process of getting this one. Just have to work on my justification for "owning a business" haha.

user, can you give me a job?

I can do anything in advance for you, not asking for money, but for a job.

Anything, like : to save all best Jow Forumsposts or memes, find a unique type of porn.. anything

>Chase Sapphire Reserve
what's the catch

DEFINITELY go Chase Sapphire Reserve over Amex Plat. Benefits are just about the same, but big difference is Amex is a charge card whereas Chase is a credit card. I got Amex first, but going back I would have been fine with the Chase.

Only pro the Amex has is the card is sleek as hell.

Haha you'll end up making it your own way user.

Annual fee of $450 that's only worth it if you travel. The Sapphire Preferred is also a pretty good one with $95/year with the first year waived (meaning you can cancel before first year is up and get all the benefits).

That particular card has an annual fee of somewhere north of $300, which is why I got the babby Preferred version
You don't need to own a business to get a business credit card
Anything you do as an independent contractor counts such as Uber, as well as any kind of sole proprietorship. You could literally set up a lemonade stand and that counts as a "business"

Attached: starwood-preferred-guest-business.png (380x240, 24K)

rekt...non sapphire holder detected...not going to make it

The platinum is much better at cutting blow but thats about it

Large signup bonuses. Transfer your points to travel partners (Hyatt, Oneworld) for the most bang for your buck. Distance-based awards. Check out millionmilesecrets.com—he probably has the most accessible write-ups (Gary Leff and The Points Guy are also good) on travel-hacking/churning.

Spending a week at a $2000/night hotel thanks to this at the end of the month. No LARP.

It isn't really a fee that high though. I think it is $450, but you get $300 travel credit so it is down to $150 (vs $95 for your preferred) without even considering the other benefits.

The high annual fees are basically just a trick to keep poorfags away from the biggest gibs.

Dude, I'm down for anything, dont fuck with my heart... I do everything possible if you pay me later.

I tried airdrops, tried leddit, tried everything but no job still.

I may have a lot of cards but I'm really not that successful yet to start employing other people haha. If you want to work from home try to get good at a video game, Stream on Twitch, and try to cash out on this video game mentor craze /or you could also grind someone's WoW (or any other MMO) account

Fiverr/Upwork
Might just downgrade to a freedom next year then wait to qualify for a reserve sign up bonus

Attached: pin-by-creditscoretv-on-visa-card-pinterest-visa-card-futurama-funny-credit-card-designs.jpg (500x375, 36K)

thanks def getting the CSR, really want the AMEX plat because of how boss it looks - i know its a conversation starter!

Get one, get the other, close the one you don't want after you spend the points. No, it's not a big deal for your credit.

>he doesn't want to fly for free

Attached: 1533975115963.jpg (1280x720, 130K)

Not a problem, good choice. Only word of advice to keep in mind going forward. The annual $300 of air fare credits are supposed to be for on flight service expenses (food, extra carry-on, etc.). The trick to pay for your ticket is to select an airline on Chase website, buy 6x $50 e-giftcards from that airline and you should be able to pay for your ticket through the airlines' website with your gift cards (and be reimbursed by Chase within 30 days).

>he actually thinks that he gets "free" money

You do realize that every time you use a credit card, a processing fee is charged to the merchant and guess who the merchant passes that fee onto? You the consumer.

You may think you're getting free shit but all you are doing is hiking up the prices of the products and services you buy

Attached: pqafkb6d9ba01.jpg (645x729, 49K)

Which is missing the point because you pay that cost when you pay with cash too. Why wouldn't I reclaim some of that money?

> be european
> boomer
> never owned a debit card
Good luck burgers, paying interest on every cent you pay. ffs how don't you kys?

You're also missing the point. You are only paying that cost with cash because others are using credit cards. If everyone stopped falling for the credit card free gibs meme, prices would be lower.

I have paid a grand total of $2 interest in the past 5 years and that's only because I forgot I didn't turn on autopay
If everyone stopped using credit cards tomorrow, do you really think all the stores would lower prices? No, demand is already steady at current prices. They'd just pocket the profit.

this is true. In european shops which don't use credit cars (who needs this shit anyway), stuff is at least 5% cheaper... you gotta be stupid to shop online with a credit card...

You've got a lot to learn, boomer. Part of adulthood is not wanting to get into the credit card game, but realizing you NEED to play the game if you want to get loans for all the expensive stuff in life (homes, cars, projects).

The better you are at the game the less you will have to pay in interest. By making payments on time and using other techniques I have never paid interest on my credit cards. By paying them off on time I am given a much lower interest rate on loans if I ever needed one. And actually I make money from the credit cards I have. Don't hate.

>If everyone stopped using credit cards tomorrow, do you really think all the stores would lower prices? No, demand is already steady at current prices. They'd just pocket the profit

Come on Jow Forums you're smarter than this.

Merchants compete against each other. One of them is going to realize they can lower their prices while maintaining their margin and increase profits by taking business away from their competitors.

prices would come down quickly.

Here in the good old USA 99% of shops take credit cards anyway.
Any business that doesn't take cards loses customers to the store next door which does

Attached: American-Express-Centurion-Black-Card.jpg (1280x868, 105K)

Or they keep prices the same and keep the higher margin with the exact same amount of demand as yesterday
It's free money for them

The only stores in USA you'll find that don't accept credit/debit cards are businesses that are extremely shady or in very low income neighborhoods.
Yes credit card companies make several millions (billions?) in interest yearly off people who buy stuff they can not afford. But if you know the card benefits and use it, then you are saving money. My current card gives 6% cashback on grocery stores and 3% at gas stations, why would I not take advantage of that?

i'm 20 years old and just got my first credit score back. it's at 752. Is this good?

Yeah that's well above 90% of 20 year olds

I should look into it!!
I don't think we are that fortunate with special deals and cashbacks. I feel like people over here like to fight those stupid credit card companies. Always taking a cut, making everybody pay more, evil rates...
We use our ATM cards like credit cards. You can't spend what you don't have, and it even works contactless with RFID.

sweet. just a question, how many years of credit use does it usually take one to get to the 800+ club?

You're assuming they are all conspiring together.

If I'm selling 100 hats a month at $10/hat and profiting $1/hat, I'm making $100/mo

After processing fees are eliminated, I profit $1.50/hat, making $150/mo

I decide to drop my hat price to $9.50/hat ($0.95 profit per hat), and as a result, I'm now selling 200/hats a month because the hat business down the street is still selling hats at $10/hat. Now I'm making $190/mo instead of $150/mo

i use the costco cash back card

the absolute state of Jow Forums
> guy thinks about selling stuff for 10% profit

I used easy numbers for illustration purposes. You get the point.

Attached: 1532784675512.jpg (201x178, 4K)

aha! I thought so!
Luring Jow Forums lurkers into failing business models. You are a very sneaky entrepenöör, pal

We have that in the US too
Debit cards.
The problem with debit is that when there's fraud you are missing that money for X number of days until its resolved. You have to keep an uncertain amount of cash on tap.
Putting my spending on credit lets me keep the majority of my cash in interest bearing accounts, I just take out what I need to pay my balances if for some reason my direct deposit isn't enough. I'm essentially paying for this month's expenses with money I earned two months ago thanks to the 30 day float.
It is easy when you track your expenses.
There isn't a set amount of time, just keep good habits and your score goes up. It is literally that simple. That said, a high score on its own doesn't mean jack shit.
It's not about conspiring, it's about the market.
The market dictates that an apple is $1.00 today. The cost of doing business for the grocery store goes down. That doesn't mean the grocery store will suddenly only charge $.95 for that apple, when the market rate is still $1.00.
You're not necessarily going to get such a disproportionate increase in demand with such a small price difference. Very few people are willing to visit multiple stores to save a tiny 2% on groceries. Plenty of people will use a credit card to save 2%, because it's convenient.

>Debit cards =|= Credit cards
You get smarter every day... thank you my fresh yummy burger, mmmmh

>The cost of doing business for the grocery store goes down. That doesn't mean the grocery store will suddenly only charge $.95 for that apple, when the market rate is still $1.00.

Of course they will. They are competing against other apple sellers. There's more than the market rate for apple's that goes into the price the apple is sold for. Businesses are constantly looking for ways to lower prices and be competitive.

No, businesses are looking for ways to make profits. A single digits savings, even storewide, isn't going to drive demand.
What would be better is having a deeper discount on a given section for a limited time. But they already do that anyway.
Or taking the difference and investing into better marketing.
Or getting an exclusive product.
All of those have a much bigger return on investment than a slight drop in prices. Consumer psychology is fucked.

Attached: zH7GbGJbNLw-1.jpg (1280x724, 209K)

Alright, everyone prepare your anooses for...............

T H E N E E T C O M B O

The ultimate duo of cards, combining automatic, effortless maximum cashback rewards in 99% of situations, while still retaining total simplicity. Note this is only for anons like myself, who basically don't travel at all and so can't really use the myriad cards out there that have crazy points-based MMORPG mechanics, but can only be used towards hotels and airfare & shit.

I stick with literally just 2 entry-level cards:

- Citi DoubleCash
- Chase Freedom

The Doublecash gets 1% CB, but then piles on another full 1% when you pay it off (which you're already doing, right?) for a sicc nasty 2% CB on everything you buy.

Then, the Chase does 1% cashback flat, BUT every quarter it switches out a few rotating bonus categories that earn 5% during that quarter.

So right now, until September it's on Gas Stations, so I'd just use my Chase whenever I fill up, until September at least, and use the Citi for EVERything else, by default. Never use the chase unless it's somewhere that falls into the 5% category.

Boom, with just 2 shitty cards you're getting MINIMUM 2% back on everything you spend, with the occasional 5% bonus multiplier thrown in.

Attached: Screen-Shot-2016-04-01-at-11.41.16-AM-568x270[1].png (568x270, 259K)

Should also mention I only had the Chase Freedom to begin with, up until a few weeks ago, when I did some research and found out I had 0 reason to not be getting 2% cashback everywhere. AFAIK, the Doublecash is the only card that boasts 2% back on all spending with no cap, and importantly, no yearly fee, no bullshit where you get "points" that (gotcha!) you can only spend on overpriced gift cards through their """rewards portal""", and to boot it's also a Mastercard, so I'll never have to worry about my fucking AMEX or Discover Autism Premiere card or whatever not being accepted somewhere.

I am curious about some of the other cards mentioned ITT. Anyone know any optimizations to my 2-card portfolio that will get me even more cashback?

Like this user; are there any significant catches if I were to just decide to additionally apply for the Amex Blue Cash Preferred? Any fees or weird shit? And have you ever had problems with it not being accepted some places?

Also, what's the advantage of the Amazon Prime card, and do you have to have prime to use it/get the 5%? I always thought those retailer-issued Cuck Club Cards were for lower-caste 'Murcans and niggers.

Attached: comfycat.jpg (564x786, 69K)

>Quickly, goyim, tell us how you max out your rewards.
>post cool designs
Who give's an actual fuck? Are you some 18yo who just got his first card? Are you going to invest that credit limit into a new stereo for your Honda Civic?

>getting excited about credit cards
This shit has to be the most Jewish shit on this board right now. Heil Hitler you fucks. 1488. Nose-scalping and gas for all of you.

I mean, if you're going to play the joos' game, you might as well develop some strategies to play marginally better. I pay with a credit card for everything that will possibly allow it, and it lets me effectively cut (almost) ALL my spending to 98% MAXIMUM, of what it was, in one fell swoop and without really trying. Furthermore a lot of my younger zoomer & 20-something friends blindly make sole use of debit cards and cash for 100% of purchases without thinking.....they don't even bother to look for little shortcuts like that.

Of course a lot of these people are the ultra-normie types that waste their paychecks on eating out and overpriced alcohol/bars/clubs etc so there's that. But meanwhile I'm putting my monthly rent ($600) on my doublecash, pocketing $12 back from my living costs fo' free, every month.

Plus, businesses eat the CC companies' fees on their end. It makes me feel good to make $2 purchases with a CC knowing that whichever gay company I'm buying from ends up paying effectively 3-4% fees just so I can make money on it :-----) . Maybe eventually we'll see that be part of the catalyst for mass crypto adoption, once wallet apps mature sufficiently, and mom&pop businesses start to find out that taking crypto directly eliminates the 3% credit card kike tax, as well as opening up a plethora of other fun tax loopholes for the more adventurous of businesspeople.

Attached: dealwithitneti.gif (261x238, 1.69M)

It will take a minor hit to your credit score every time you apply -- nothing major unless you apply for multiple cards in a short timeframe.

The only weird fee you'd have to worry about is an annual fee of $95 that they automatically credit to your account every year. Biggest advantage to get the Amex Blue Cash preferred is IF you have an applicable supermarket around you to maximize on the 6% (americanexpress.com/us/content/rewards-info/retail.html)

I recommend the Amazon Prime card. You get the 5% cash back on Amazon and Whole Foods ONLY if you have Prime but you get 2% back on gas and restaurants, 1% on everything else. No annual fee, so Prime is more justifiable at $99/year because you get all the benefits of music, movies, shipping, etc. It looks like they are currently running an offer where you get $70 Amazon giftcard upon signing up. You're thinking of Sears card and Best Buy cards, yeah avoid that shit.

Also, with all cash back cards, goes without saying make sure you pay your bill in full each month. The people who don't do this are a reason why we can have these nice things.

I said it before and I'll say it again. Credit cards make no sense for people who pay things off, but playing this game is a part of "making it" in this society. Your credit score is your track record and resume for financial institutions to trust you to handle more money.

your whole premise is based on the fact that prices would be cheaper if merchants didn't have to pay credit card fees for the consumers that use them. Very few merchants have different prices for cash vs credit. Credit cards aren't going away, might as well take advantage of the benefits they give you as long as you pay them off. You'd be wise to take advantage.

No, I just buy what I normally would and pay it off.
Read the thread

if you aren't carrying balances for long periods of time to build payment history, you are doing it wrong nigga.

Not sure if bait
You don't need to carry a balance to build payment history

you probably overpay for groceries, there are various ways to cut down on grocery payments and unless you literally get a better price on goods at that store I doubt you are getting any real benefit.

Balance carrying is important to hit past 800. If you are going to be in a multiple six figures job and you want to reach the best banks in your net worth band you will need to show you can actually manage your money, balance carrying shows this.

Yeah but this is not a mortgage/loan thread, though. I mean I'd hope that you are not carrying over balances on your credit card. If so, it's not something that I would do, but everyone's strategy is different so who am I to judge.

>Dubai
>oil
Pick one you fucking brainlet faggot

This card literally doesn’t exist anymore but sweet use of google

>at that store
What? You get your groceries at some random fucking dark alleyway where they only take cash?

I shop at a Cash and Carry, a meat butcher and at least two other groceries stores over the course of a month. I keep my expenses down this way and one particular grocery store (Winco) does not take credit cards. Food Service quantities can help out quite a bit if you want to reduce expenditures.

So your time must be worthless.

I spend less than 3 hours a month shopping. If you invest the time upfront to view prices you generally figure out who has fatter margins.

1.5% Cash Back card, shop at Giant with 7% cash back through Upside for groceries, get gas at shell with Giant points and 10 to 25 cents a gallon cash back through Upside.

spend munny