I can respect not diving in to the credit card game if you are unsure if you can keep track of it or whatever. But I think there are some misconceptions about opening credit cards and affecting your credit score. The only reason your score will temporarily dip is because you got a hard pull on your credit. Assuming you pay it off every month, every other aspect of getting a new card (Increased credit Line, Lower Overall Credit Utilization, etc) will raise your score in the long term. The Hebrew Husker If you want to dabble in churning cards, but are unsure, I would recommend the Chase Sapphire Preferred. 0% Interest for 12 months, Annual fee waived the first year, and a signup bonus worth between $500-$1000. Basically its a no commitment card. I don't have the card myself, but I'm sure one of these fine gentleman in this thread can provide you with a referral link. If you aren't interested, it's completely understandable, just know that signup bonuses on cards will dwarf regular cash back.
Racking up credit card debt to buy furniture seems silly. Hell, a lot of places will let you finance it at 0% for awhile.
I get what you’re saying. TBH without going into details I just had some “life changes” which is why I moved in the first place. I paid cash for 90% of the stuff. I can easily pay off the CC whenever I want, which is why I’m doing it now. I just carried a balance the last few months while I was dealing with the other real life bullshit.
I was just about to email you the terms and conditions before you quit. Fuck. Hopefully you invested that free credit card money wisely.
Appreciate it. As I said might look into this early 2019, after I get a house. Will obviously have some expenses with that, would be nice to get some bonuses
There’s nothing wrong with carrying a balance for the flexibility when you need it. It should be rare though. However you don’t want to do that with the high points earning cards. When I have made large purchases I want to pay over time I have typically put the purchase on a good rewards card and then balance transferred to my old reliable discover which always has a 2-3% balance transfer offer and does them very quickly. These high end cards we discuss in here are like 20% interest so definitely don’t carry a balance on those. It is not something to make a habit out of but if you have a large expense you want to pay over a few months there’s nothing wrong with that process. TLDR be smart and have some self control
Just got approved for Citi Thank You Premier because yolo. Nice signup bonus, solid multipliers, and no fee the first year.
Yeah, that’s basically what I do. I mentioned the $600 balance just to show how much/rarely I use cards. Basically that’s what happened, I moved into an apartment alone after living with my ex GF so I had to buy basically a full apartment’s worth of shit, plus pay to move, pay for two months of rent up front (with deposit), etc. Just for my psyche I decided to put 1-2 things on a card rather than going Straight Cash Homie, even though I could/should have. It’s not like I’m putting $600 worth of life needs on a card and paying 10.00 a month. (Posting this just to clear my name, please see my username as to why)
Hell Citi sends me a 0% APR offer mailer each month for all of my existing citi cards, which ofcourse gets annoying real fast.
Is the Chase Marriott card considered the best in the SPG/Marriott family? I'm near the minimum spend on the Hyatt card, but I'm about to pay for a wedding at the JW Marriott Marco Island so I figured I'd get a Marriott card to get max points out of this thing.
That or the SPG Lux Mariott referral Earn 2 Free Night Awards with the Marriott Rewards Premier Plus Credit Card. I can be rewarded too, learn more. https://www.referyourchasecard.com/252/XQWOGWSA3N SPG Lux Referral http://refer.amex.us/DAVIDScg0x?XLINK=MYCP
SPG Personal: http://refer.amex.us/PRATIDFBas?xl=cp15 SPG Lux Referral: https://mgmee.americanexpress.com/r...AA7FB8776BB32124345E64D6F96636852F683423A10CB
If you're just going to use Amex for minimal travel a couple times a year would you try for the Platinum 75k/potentially 100k or Gold with the current 50,000 referral? I am just skeptical that Chase Ink Preferred is going to be approved and want a backup plan.
I wouldn't burn 5/24 slots for those, no. For a plat 100k I most likely would though. depends on your goals and what your end game is though.
Have some big expenses in the next couple weeks and would like to use them toward a new card. Below are what I've got right now and some other related info. Would appreciate any suggestions/referrals out there. Currently: Amex Platinum - 2/2015 (upgraded from Gold in 12/2017) Citi AA - 8/2015 CSP - 2/2018 CSR - 2/2018 CIP - 5/2018 I have an email for the SPG Lux 125k signup offer that expires in December, so thinking I'll apply for that right before the holidays and try to get another chase card or two now while still under 5/24. Home airport is Austin, so I fly a random assortment of United, AA and Southwest, mostly. Although, I just got the lowest level of status with United (lived in Houston until this summer). Mostly stay at SPG/Marriott properties, but don't stay in hotels a ton. Wouldn't mind another chain, though. Gracias in advance.
If you fly southwest a decent amount, have you thought about the companion pass? It being close to the end of the year means it would be a good time to start applying to a card like the Southwest Biz to maximize the amount of time you would get the pass. Also, I would look into the Marriot Biz 125K + $100 (Highest Offer ever), Barclays Aviator Biz (one purchase for 60K AA miles), SPG Biz as well for Airline Miles and/or hotel points. You could get another Chase business card that earns UR points too (CIC or CIU).
Why do you have to apply for the card EOY to get the companion pass? Couldn't you get the 110k points and then just apply them toward the companion pass the following January?
Like ohhaithur said, the points need to be earned in a calandar year. You could get it this year, but you would lose 12 months of use for it. (2018-2019). If you got it in January of 2019, you would get ALL of 2019 and 2020. If you earned half the miles in 2018, and half the miles in 2019, you fucked yourself completely, and you won't get it at all.
If you decide to go the new hotel chain route, I strongly recommend going with Hyatt and get the Chase Hyatt Visa. It's a great value and one of only two branded cards I carry (I'm on the west coast so BofA Alaska Airlines for the companion fare is the other card). The Hyatt 60k sign up bonus goes a very long way. The $95 annual fee is easily covered by the annual free night (up to category 4, which has some very nice options). If you spend $15k in a year you'll earn a second free night. Lastly, cardholders get automatic Discoverist status, which has some good perks and isn't a throwaway status. In my experience you'll almost always get at least $.02 of value per point, and getting upwards of $0.04 per point isn't as rare as you would expect. Just this past summer I've booked Hyatt rooms in Oregon and Florida which were each listed for $300+/nt and both were available for 8,000 points (category 2). You won't find value anywhere near that among the other hotel programs (Marriott, Hilton, IHG, etc.). With the others you often end up with less than $.01 of value per point. My only knock against Hyatt compared to Marriott is the number of properties (800 vs. almost 7,000), but in general I personally find the Hyatt properties to be nicer that Marriott's. Here is a Hyatt referral is you need one...https://www.referyourchasecard.com/205/GB83T9OCK6
For all the love Hyatts get in this thread, it's infuriating how they just arbitrarily decide not to accept point stays. fuck sake.
Is there a limit to the number of chase biz cards I can get? Currently have two ink cash cards that were downgraded from an ink + and preferred. Can I still get the ink unlimited?
Yeah, as long as youre under 5/24 status, you can. I have three business cards from Chase but you’ll likely want to lower your limits on the cards you do have before applying since Chase is extra vigilant these days it seems.
So when you're immediate email from Chase is you'll be notified within 30 days of writing that's good? That's what I got on the Chase Ink Business Preferred but still getting the 7-10 business days when I call the automated line. Still holding out hope.