/biz/ - Business & Finance

>>13454437
yay, lets show each other our credit cards! I LOVE MY BANK!! YEEEEEAAAHHHH

>>13454445
I fucking hate chase, only posting because flex

>>13454452
i dont even know what this flex means, like you have more money in your bank than other people and are therefore entitled to higher credit along with a “special” little card ? yes goyim, so lucky, much prestige, definitely not the biggest fool of all.

Literally anyone who's not a pathetic retard when it comes to money can get this card

Next

>>13454452
I havent a good credit card since pre-2008 when you could get an unlimited card with 0 APR, pay back when you want to, no expiration or interest.

>>13454437
i have a CSR and I'm an unemployed loser they'll give one of these to anyone

>>13454437
>$450 annual fee
>rewards biased for (((travelling))) and being a good consumer
jesus christ this is peak cringe like a 30 year old fucking woman who loves wine, travelling, and doesnt want kids

you are controlled goyim

what is the point of this card?

>>13454437
What's so good about the card? I just looked it up and all the "perks" seem totally pointless. I woudln't take it even if it was offered to me.

>>13454512
Then get one retard
>>13454529
I travel not that much but I do eat out all my meals. Currently spending 3k a month on dining out so i rack up a lot of good goyim points. Also abusing the concierge service is pretty nice for concert tickets
>>13454554
Because you are probably a poor fuck who doesn't eat out or travel often enough to make it worth it.

>>13454437
>Max out credit cards and take a 50k loan
>Have 200k in unsecured debt
>Have 150k in savings account
>Negotiate with creditors for 2 years
>They settle for 25k
>MFW I made more profit than your good goyim gift card pocket money will ever make
>Credit score is still above 650

..

>>13454529
It's worth it if you're self-employed and end up traveling for business constantly, otherwise not so much. I travel for business monthly but don't pay for my hotel or plane ticket out of pocket so I just have the sapphire preferred for meal expenses.

>>13454577
Cool fucking blog post dude nobody fucking cares about your chase sapphire reserve this is not an impressive card by any means. Unless you have an AMEX Centurion you shouldn't be bragging on a Tibetan crocheting forum

>>13454577
>Because you are probably a poor fuck
I don't know - I'm >>13454399 sitting on $120k.

>who doesn't eat out or travel often enough to make it worth it
So it's mainly for people who like to eat out a lot and waste money on taking selfies in different countries, okay. Noted.

>>13454593
Unironically did this after the 2008 crash, racked up massive debt keeping a business afloat on personal cards, settled for ~15%. Whats crazy is some people get in debt and then break their back to pay it back when especially if you have no money, theres no actual reason to do so.

>>13454540
It's a high end card ($450 annual) that gives you a lot of rewards when you spend money, mostly travel related. I like it because it gets you into all the airport lounges which is critical if you have a long layover. It's also made of metal which makes it good for flexing.

>>13454603
Neither do I. I just wanted to dab on the boy with sapphire preferred
>>13454604
120k is chump change.

>>13454634
>120k is chump change.
I can grant you that my savings aren't a lot; however, what you cannot dispute:

1. I'd qualify for that shitty card if I wanted it.
2. With or without it and with or without higher savings, I wouldn't waste money on taking selfies in different countries and eating out.

I'll leave that card for the soccer moms.

>>13454604
It's for people with money who like to travel. You're an autistic poorfag that doesn't leave the basement so there is no reason for you to have this card.

>>13454658
Right, so it's for soccer moms who like to waste money on selfies in different countries. They can have it.

only 1 i need

Inb4 uncle amex oldfag

>>13454437
You are so fucking stupid. People can read your chip still dumbass lmao. You’re about to get rekt

At least no 450 annual fee. Dat 60,000 bonus points

Fucking retards are the worst with these cards...I run a real estate business with actually holdings and value and I run around with a capital one card with a 4K limit....I give no fucks. Credit cards mean you have no money if your own and gives you the opportunity at your weakest moments to go into massive debt. Fuck those old new bastards.

>>13454677
If that's what you think traveling is I feel sorry for you. You're probably one of those people that never left the town you grew up in. Why don't you get back to watching anime and eating ramen noodles boy.

>>13454825
>If that's what you think traveling is I feel sorry for you
Tell me what it's for. Bet you'll avoid it or beat around the bush.
>You're probably one of those people that never left the town you grew up in
Tell me why I should. Bet you'll avoid it or beat around the bush.
>Why don't you get back to watching anime and eating ramen noodles boy.
Not wasting money on taking selfies in different countries doesn't make me like either of those things. Hope you justify wasting money on taking selfies in different countries soon.

>>13454593
>>13454605
Do you have to declare bankruptcy or just negotiate?

>>13454816
Retards should not use these cards for sure.
At least get a 0% intro APR card if you're looking to take out an interest-free loan basically.

But if you can take advantage of the sign up bonuses, shit saves a lot of money on flights. Never pay for flights again bro (except on the taxes)

>>13454960
You do not have to declare bankruptcy. I had maybe 6 cards or so. Some just sent letters offering 10%-80% settlement offers, I just accepted the small ones and waited out the ones who sent large ones. They sent them 2 years or so after my last payment. It dinged my credit but I already owned a house and could start a new business right after so my credit score wasnt something I needed or have needed since. You can always google "settling debt" and then whoever you owe money to to see what people online have said about settling with the specific company.

>>13454798
kek sapphire reserve got 100k bonuses

>>13455040
not anymore tho

>>13454437
what are the benefits over
-amazon prime cc (no cost, 5% cb)
-costco anywhere (no cost, 4% gas)
-uber card (no cost, 4% dining)
-fidelity signature (no cost, 2% anything else)

>mfw I used a credit card to buy $1,500 worth of bitcoin
>mfw I traded that small amount of bitcoin into $15,000 in a very short amount of time
>mfw I payed off my credit card with the gains
>mfw shortly after banks sent out notices saying they won't let you use your credit card to buy bitcoin anymore
>mfw the only money I have is tied up in real estate, stocks and some crypto
>mfw I mainly only use cash
>mfw girls get wet when they see a big wad of cash
>mfw i'm out banging chicks while you are getting banged by banks.

GG

>>13454529
The card is optimized for consultants, not leisure travelers

>>13455107
Chase Ultimate Rewards, 1:1 Point transfer on flights and hyatt hotels is the main perk. The points earned are more valuable than your listed cards

>>13455107
Sign up bonus is worth $750 in travel cash, which makes it better alone. Plus $300 year travel credit makes it an effective cost of $150/year. So you'll be ahead of those other cards for a minimum of 4-5 years most likely. At that point you can just downgrade it and start the process over again and get another $750 bonus.

>>13455134
cool blog post, bro

>>13455192
thanks for reading it sweetie

>>13455134
nice copy pasta

>>13454437
good goy

>>13455177
>>13455192
Only worth it if you're travelling a lot, I guess..

> he's not using an alliant 3% cashback card and spending $15,000 a day on his business which has a 40% ROI.
Never going to make it. No larp, I'm the mofucking cash back king.

>>13455366
Its all about the sign up bonuses, most people cancel cards once the accumulated the bonus. You just have to find a way to spend the $4,000 within 3 months. If you are already spending that much, its like free money when you get the bonus. I can pay my rent with card, my bills, business expenses... etc.

>>13455366
Yup, I'd say it's only worth it if you're taking at least 3+ moderately expensive ($500+ with flights and hotel) trips per year. The nice part is one of those trips will be almost completely paid for at least.

But if you're a complete shut-in and never leave your room, like I imagine most of biz is, then there's really no point.

>>13454489
flex is nigger terminology for "bragging"

>>13454960
Nope, it's beautiful they have no leverage.

First call (After I said I wouldn't pay) they were super tough and said they would ruin my credit and take me to court/garnish wages etc.

I just hung up, when they called back I said I'd give them $100 to clear the whole debt, the guy laughed and said that's never going to happen.

They asked for a copy of my lease agreement (So they could take my shit) I didn't reply.

Few months later I offered $1k they said they'd do a 20% discount (160k) if I paid it upfront. I hung up.

After a few more calls the debt moved to a new place (It was probably now junk status) and they threatened me again, I said I'd pay $10k to clear it (She offered a 60% discount $80k).

I said I plan on moving overseas and said I'd give them my forwarding address and that I'm probably going to claim bankruptcy.

She said they'd consider $10k.

They called back 3 days later and settled for $25k. (I made sure to specify I wanted the debt cleared in full not just a settlement and they had to contact the people I originally had the debt with to ensure everyone understands)

Oh and at one point I asked them to provide evidence of the debt, so they had to do weeks of research and actually sent me a cheque in the mail for $212.55 because they overcharged me in fees 3 years ago. (I audibly keked)

I ain't a cuck, if you owe me money I make sure I get it early, if I owe you I pay as late as possible and negotiate for every penny.

Maybe I have some Jewish blood.

PS I'm 21 and have a $150k+ portfolio due to this.

>>13454853
Travel for me = scuba diving, surfing, meeting cool people, eating local foods, clubbing, sex with exotic women, laying on nice beaches drinking beer, seeing wonders of the world. What do you spend your money on?

>>13455414

Have you ever thought about WHY that is so? Why would they literally give away "free" money? Because it's securitized, that's why. Derivatives are created based on the expectation that you'll pay these loans back with interest. Funds buy these "bonds" and use them to leverage them for more money.

Basically 1 real dollar creates 10000 "hypothetical" dollars, that only exist on paper and in the scenario where everyone pays off their debt. This is straight up satanic jewry and a lot of people are going to get hurt badly.

>>13455498
Congrats that was one of the most retarded posts I've read in a while.

Please do continue to be poor with your tin foil hat logic while I continue to travel the world for nearly free.

>>13455468
>What do you spend your money on?
Basic costs of living and the rest goes into savings.
>Travel for me = scuba diving, surfing, meeting cool people, eating local foods, clubbing, sex with exotic women, laying on nice beaches drinking beer, seeing wonders of the world
If all of that didn't sound even more boring to me than taking selfies in different countries and an even bigger waste of money, I could do it all from where I live.

>>13455527

Predictable NPC response. I'm glad all of you are going to die when either the currency hyperinflates due to your wanton spending, or socialists get elected.

>>13455580
Haha yeah dude!! The world is ending!!! Better go all in on crypto while you still can!!! ;)

>>13455451
ah yes the classic sam hyde method