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

I don't own a business. I assume this would be an issue.

 

Apparently their "business" requirements are very lax. I don't have this card fwiw

 

I have 800+ credit, + income and no debt. I'm a banks wet dream. Guess I need to look into it.

 

There was a reddit post in this thread about it not too long ago, probably within the last 10 pages. Some people qualify for it by saying the sell stuff on ebay

 

yeah you'll be gucci

you don't have to own a business to apply for the card. i said I sell stuff on ebay. just come up w/ a annual revenue for the "business" and you'll be fine. I think i said $3k on my ink preferred app

 

Its been a month an

I got the ink preferred bout two months ago. I said I sell textbooks on Amazon with annual revenue of 5k. Literally can make up whatever the fuck you want. I assume the whole requirements of a real business will change in the coming years.

 

What kind of line did you guys get?

 

they took my other chase cards into account so i got a 12k crlt.

you can shuffle your limits if you have a chase card you don't use and want the ink card to have a higher limit

 

Ok. I didn't want to get approved for like 8 and have to put 5 on it and get stuck with a higher utilization. Both my other chase cards have 30k limits which really helps my ratios.

 

Utilization of this card doesn’t affect your credit score since it’s a business card

 

Yeah I also got the ink saying I sold shit on ebay. Got my sign up points and counting down the months until I downgrade it to the no annual fee version.

 

Don’t you need a 60k offer for one of them though?

 

offers usually range between 40k-60k. You can get a rapid rewards card and the rapid rewards premier card. Get the spend to hit the bonus plus the points associated w/ the spend will put you around the 110k points you need for companion pass

 

I’m not understanding how 40k + 40k gets you to 110k.

 

Range of 40-60k. Most of the time it is 50k for the bonus. 50+50=100 + 3k min spend on each card = 106k puts you very close to what you need.

 

Gotcha. I’ve just been seeing the 40k offers lately. I’ll jump on it when the 60k is around.

 

i have referral links for the 50k point bonus if you want those

 

They have 50Ks out with referrals

edit: dammit emaw

 

I also have other chase cards with 30k+ limits and they gave me a 12k limit.

 

What is the no annual fee version of the ink bidness?

 

Wow. Been a while since I’ve been in this thread. How are you gents? I haven’t used my Chase points in over a year.

Where should my wife and I go?

 

Got enough to get to Tokyo?

Just booked a trip using mostly chase points for a west coast trip. Never been west of Texas

 

Travel thread would say Thailand

 

Have about 360,000 chase points and am looking to do a month in Southeast Asia in December - January

 

you don't need nearly that many but that's dope

 

Yeah I am probably going to need about 220k to do round trip first class

 

I've spent like 270k chase points in the last year. 330ish if you extend that out another 6 months. Been nice

 

I had a p good redemption year. $7000 in free travel in nine months

 

If anyone is curious about valuation, enjoy my pivot table

 

The 120k I used to get to Croatia got me like 4400ish in tickets. That was tight

 

The accountant in me appreciates the fact that this is how you track your redemptions

 

I love me a good excel sheet. My credit card one has four pivot tables and I love it

Anyone have any things they do that I should implement?

 

Do you track all your spending/budget and also calculate rewards? I like how Chase has an export function on accounts and I've used that for budgeting but I don't do it religiously

 

I did originally but I'm so deep in work spending on my personal cards that my budget for fucked and I gave up

I track my points by quarter now by company. That's the closest I can get

 

Been to Japan. Thanks tho.

This might be it.

Nicely done my man. I have about 400K and no PTO. :(

 

No pto here, just going to go on less trips through out the year. Only doing Vegas in February and Tallahassee Labor Day for va tech I think

 

You non-pto guys...what the hell? Go yell at someone

 

Restaurant business, the fact I’ll be able to take a month off is pretty rare

 

i'm almost out of my 0% APR rate on my quicksilver (first credit card ever as an adult), so I'm thinking about getting a new card to rack up flight mileage points. is this a smart idea?

 

It's always better to use a good rewards card and not a 0% apr card

 

pretty ignorant about credit cards since i always used a debit card. so if i open a new credit card to get flight miles and you pay it off on time every month, you don't get charged any interest, is that right?

 

Correct. Your statement will run for a month period, say from the 21st to the 21st. Then you pay it off before the time when the payment is due, the 18th or 19th or so. No interest charged

 

sweet, okay that makes sense. I have a balance on this current one but I will be paying it off soon and then likely opening a new card. I should leave the previous card open though and just not buy anything on it?

 

Yes, as long as it has no annual fee

 

You probably don't need to wait to pay it off to apply if you don't want to, assuming your credit doesn't suck and youre not like maxed out on it or anything. And yeah leave it open. Never cancel a card unless having a no fee version of it isn't an option

 

My credit score was over 750 last time we checked for buying our house so I should be fine there. I’ll be buying a bunch of stuff for said house so it’ll be easy to hit that 3-5k spending for a bonus or whatever

And it’s the quicksilver so no annual fee

 

Id just go ahead and get a card then and start earning on it. Unless you haven't closed on the house yet. What do you have in mind for traveling and what you would like to get out of the points?

 

My fiancé has the venture card and loves it for getting miles, anyone else have this card?