Credit Card Thread - Now with a Beginner's Guide to free travel/FAQ

I still got to set up the business. but been needing to do that for legitimate reasons anyway.

 

That will always be my recommendation. What are your upcoming travel goals?

 

upcoming... nothing. all the money is going into the house. Eventually the fiance and I will do a honeymoon to bora bora or something.

 

Why is that?

 

I think my next points move is Sapphire Banking w/ Chase. haven't done any research, but I think 60K UR pts are available for opening (upgrading?) to that product.

 

chase ink preferred is a great option as others have already pointed out. if you have CSR, you can combine the additional 80K bonus points to really up your UR balance.

if you need a hotel card for a potential honeymoon in bora bora, hilton amex aspire is another good option. $450 AF, but comes with $250 airline credit, status at hilton, 150K bonus points (~$900 value according to some estimates), among other things. can be used at the conrad bora bora - https://conradhotels3.hilton.com/en...sting4DGGeneric_Nov5LocalSearch6PPTBNCI7EN8i1

shameless plug for Amex - Apply for an American Express Card with this link. We can both get rewarded if you're approved! http://refer.amex.us/JOSEPQW9ki?xl=cp33
or CIP -
Earn 80,00 bonus points with Chase Ink Business Preferred. I can be rewarded, learn more.
https://www.referyourchasecard.com/21/B4ZYZCARMV

 

Not gonna get another high annual fee card. Just don’t see the point.

 

what cards do you have?

 

If you don't have the Chase Hyatt card, it's a no brainer. Best sign up bonus for the $95 annual fee in the business IMO. 25,000 pts for the first $3k worth of purchases in the first 3 months, 25,000 more points for $3k extra in the first 6 months. Those points are worth up to about $1500 if you play your cards right.

Shameless referral -
Earn up to 50,000 bonus points with the World of Hyatt Credit Card. I can be rewarded too, learn More.
https://www.referyourchasecard.com/205/E5U573F94C

 

You can get a hotel card or two or you can just get a card for cash back stuff for now

A malleable point system like a Chase Ink or Amex MR card might work for you. Or just take out the AA cards so you get your flights for free without paying annual fees. You have infinite options really

 

Are you going to stay out of debt or are we looking at low apr cards for you?

 

Rejections are now common. But worse: Account closures and bonus retractions have been reported when asking for more points

 

seems like the smart play would be to do the chase ink to keep everything in the same UR family? Fiance has all the Mariott points in the world, so probably best to let her handle that aspect of it.

What are the AA cards you recommend?

 

Liked for the providing of info, not for the info itself.

 

How long should one wait before applying for another Citi AA business card? Should information be changed around in the application from the previous application or does Citi not check as closely as Chase?

 

Once every 95 days - I alternate between using my SSN and EIN

 

Not debit. Debt

 

If you do ink, do it first since chase is finicky

I love them all. The barclays is easy...only need one purchase. The citi are great because you just downgrade after a year and pay no fees

 

Will this next card be the last you open or are you going to be doing some of the dumb shit we do here?

Is there any specific thing you spend an absurd amount on (ie you pay for work travel on a card or you shop at Staples every day)

 

If she spends more at Amazon than you do at everything besides "amazon, restaurants, gas stations and drug stores combined" get the Amazon Prime Rewards Visa

If she doesn't, you're probably fine with the Citi Doublecash. If you want to be a little froggy, you can sign up for the Citibank American Airlines card and get the 65,000 point bonus and use that card for a year and then after exactly a year you can downgrade it to the double cash card for free. That will give you a free RT flight basically anywhere in the world and then 2% back in cash the rest of your life

 

Honestly with one card you should focus on cash. 2% back in cash would long-term be much valuable to you than racking up points, especially since point cards earn .5%-1.5% in a currency you can't buy food with

We are in here for bonuses. If we all had only one card to pick, a lot of us would do the same

 

Woof.

Chase SapphireSM Checking details
The Annual Percentage Yield (APY) for Chase SapphireSM checking effective as of 03/15/2019, is 0.01% for all balances in all states.

 

That's just not true.

You don't make money turning away free shit

 

Don't you think need $75,000 in monthly balances

 

.01% on 75k is peanuts

 

Responded before you posted the APY of 0.01%

That's fucking terrible

Why would anyone keep 75m in an essentially interest free account

 

Are there any checking accounts that pay decent interest?

 

I get 2% at my local bank. Lots of online banks pay that or higher on savings accounts though, I have one with Discover

 

I keep my long term savings in Ally @ 2.2% (regular, incremental improvements automatically apply) but figured the short term savings stored in Chase w/ Sapphire Banking would be 'okay' enough. Turns out I was way wrong.

Just looked up Chase Private Client (for those with 250K+) and wow, same thing .01% APY

 

As someone who has done zero research, what are the disadvantages of a high-yield online savings accounts when compared to a savings account of a standard bank (not including the APY difference)?

 

I’ve got one and for me at least, the only real disadvantage is it takes a little longer to get the money if you withdraw

 

There shouldn't be much really - there may be some marginal relationship benefits (e.g. I think BoA mortgage rates are a little better if you have $$$ in their savings accounts, etc.).

 

the way I see it (based on my needs and anticipated needs in the near future) would be a quick in-person withdrawal. The other 364 days of the year, it just needs to sit (and earn).

Ally may have ATM or branch parnters, but I've never even looked it up. I haven't withdrawn (other than a couple minor internal transfers to my other accounts, facilitated via ACH) any cash

 

Most of these online banks offer fee waivers / reimbursements to use any ATMs upto a certain $ a month. E.g. My Credit Union (I had gotten an account as they redued .5% off my Car Loan rate) reimburses upto 25$ in ATM fees each month.

 

Damn so the CIP is now offering 20,000pt referral? That's damn good

 

It's been that for a while. It's why I'm waiting until I hopefully receive my second card before downgrading my fiance's. Can't pass up that free 20,000 points.

 

Any idea on how long you have after the annual fee hits to downgrade your CIP and get a refund?

 

Under 60 typically

 

Don't risk it though if you can avoid it

 

Trying to hit min. spend on a new IHG card first

 

What does one have to do with the other?

 

1. Minimum spend on IHG
2. Self refer for CIP2
3. Downgrade CIP1

 

Ahhhh ok

I really really wouldn't go past 30 days from when you're billed. You're playing with fire then