/biz/ - Business & Finance

I don't swear by any of them, but I have an Amex Blue Cashback and a basic Visa rewards.

>>450247
Rumor has it that Apple and VISA are gonna combine to create a dominating market in debit/credit sales.

/biz/ thoughts

I have an Amazon Rewards Visa. Most of my entertainment purchases are for games or movies, and I use the card to pay for everything, so it works out pretty well for me.

>>450247
Credit cards are a judeo-negro concept, why would I use one? I

>He uses the plastic Jew

>>450258
>>450262
>I don't want an on-demand interest-free short term loan that provides consumer protection and rewards while simultaneously improving my credit score which is vital in the modern world
Stay pleb

>>450258
>>450262
>I'm too fiscally irresponsible to pay my bills on time or make purchases that I can afford.
>I hate the concept of obtaining an interest-free line of credit to make the purchases I was going to make anyway and be compensated for it as well.

>>450264
>loans

see

>>450258

>>450268
If you don't know how to use a credit card to advantage yourself, you probably shouldn't be on /biz/

>>450268
>referring back to yourself without any rebuttal
Yep, definitely pleb.

>>450251
This. I got an AMEX Preferred and a Chase Freedom Visa.

The key is that you want your rewards/benefits in CASH BACK--not airline miles or hotel points that you have to accumulate and then wait to use until you think you can get the most value for them.

Source: 120K in unused and depreciating-value AAdvantage miles.

>>450273
loans are Judaic in nature (scam)

>>450274
One more thing: if you'll be travelling internationally (to a credit card friendly country), get a Visa (most frequently accepted) with 0% currency conversion fee.

>>450275
I think /pol/, /x/, or /b/ might be more your speed, champ.

>>450267
>>450264

>These make it not the plastic Jew

Oh wait, no it's still the plastic Jew.
You just like being good goyim.

>>450247
>Domestic use:
Sallie Mae World MasterCard
U.S. Bank Cash+ Visa Signature Card
Fidelity American Express

>Travel use:
Capital One Quicksilver Visa
Barclaycard Arrival World MasterCard
Discover it

I got the AMEX preferred with 3points per grocery store purchase and 2points per gas purchase and it doubles if I make 30 purchases per month. I do get charged $99 a year but I think I make up for it with the points I'm making. I never did the math.

>Got AMX Travel Rewards Card
>0.00 APR for 14 months
>Racked up $300 worth of rewards
>Paid off all debt before the end of the Intro period
>Cancelled account

Easy $300.

>>450433
>closing a line of credit

i dont understand why you would close the account.... it actually hurts your score

>>450247
>letting emotions take over for making decisions
>buying into the debt system
>not living within your means and avoiding the need for "good credit"

>>450455
>mfw apartments increasingly require good credit scores
>mfw buying a house in cash upfront is pants on head stupid (unless you're already a multimillionaire)

>there are people on /biz/ that whine about "muh jews"

>>450452
If you have your oldest accounts open still your score wont drop that much and will recover quite quickly.

>>450364
Where do you travel that takes Discover?

>>450452

So I don't get hit with the annual fee, silly.

>>450457
Welp. good thing I already bought my apartment (in cash) already then, have 0 debt of any sort, and have more net worth than most people my age in the USA.

But I'm in China so ya.

>>450465
ever since they've joined with diner's club p much every restaurant takes it

>>450267
>not paying with money you have
>feeding the machine
>playing their game
>eating from their hand
>sucking their cock
>kissing their ass
>shining their shoes
>making
>boomers
>happy

>>450254
would you call it the visple or the apsa card?

>>450381
I'm thinking about getting this same card. Anyone think the rewards out way the annual fee?

>>451165
They do if you spend enough per year. If you have a family and buy a ton of groceries you'll break even pretty quick. If you're by yourself you might want to stick to the free one.

>>451174
yeah I have no family, but I go to Publix like 3x a week for my lunch breaks. I also spend a lot at the gas stations. I put like $40 into my car a week.

>>450465

I live in NYC and have never had a problem. Even in places that have been open since the 80s that has the shat-on-looking appeal.

I've found it more common to see places that don't take credit at all vs. not taking Discover.

>>450455
>not living within your means and avoiding the need for "good credit"

Hotels (good ones that are not rat infested) want people to pay with credit cards and will refuse to accept cash, checks, bitcoins, human organs, or debit cards.
When you start your first business, your business' credit worthiness will be based on your own personal credit.
Employers (especially ones with security concerns) do pull your credit history
Plus there's free money in rewards which makes it more than worthwhile to pay using a credit card that's automatically paid off every money rather than a debit card.

>>451178
I meant traveling specifically. I know it's good in the US and Asia, everywhere else seems spotty or not at all.

I have:

>Chase Freedom: 5% rotating categories
>Discover It: 5% rotating categories
>Amex Blue Everyday: 3% groceries, 2% gas, 1% all others
>Citi Forward: 5% restaurants and entertainment, 1% others, but in shitty "thankyou point" form

What am I missing? I don't really buy much, I just want another card to boost my score even more

>>451247
amex charge card

>>451248

Why the hell would anyone get one of those? They're shit and have insane annual fees.

>>450247
Don't really swear by any of them but the one I use most frequently is Capital One Venture.

>>451247
capital one quicksilver
Earn unlimited 1.5% cash back on every purchase, every day
>No rotating categories and no sign ups needed to earn cash rewards, plus no annual fee
>One-time $100 bonus once you spend $500 on purchases
within the first 3 months

>>450247
I don't have a credit card, never will.

Citi Thankyou and Chase Signature - Put all monthly expenses on card and pay in full at end of month. Alternate each card every month.

Used properly, these are great tools to manage finances/wealth

However, if you do not have self control, leave them alone and pay cash

I avoid using my credit card at all costs.

Besides, I have enough loans out there to help my credit anyways. There's no sense on racking up more debt on little shit like gas and beer.

>but muh cardholder rewards!
I dont give a fuck

>>451620

That's gonna suck when you realize what rate you're gonna get on a home/auto loan

>>451946
I own my own home. I pays for it up front, no payments or loans needed. Same with my car. I don't live in a shithole either, it's a 35 acre ranch with a 4b/2bth home that is only ten years old. Also, I live in a very wealthy ski area in Colorado.

>>452065
Asspain?

>>452065
>buying a house up front
You're either a multimillionaire or an idiot.

>>451939
>muh cardholder rewards

Indeed, that's a consumer/wageslave mentality, not a businessman one.

Do you think successful investors really care about silly pay-100-win-1 "rewards"?

>>452072
What?

>>452073
I'm no idiot. Even modest houses in my area are around 1.5M, so saying I'm a 'multi millionaire' doesn't really mean the same thing it might in another part of the country. In my county, the poverty line is 50$K per household.

>>452075
If you bought a house for $1.5MM upfront and don't have at least $10MM net worth, confirmed for idiot.

>>452077
Please point out where I stated what my net worth is.

>>452079
Please point out where I implied you stated it somewhere. I'm just making a statment: IF you bought a house upfront for $1.5MM and IF you have a net worth of less than $10MM, then you're an idiot. If you didn't do those things, then you might not be an idiot.

>>452075
Asspain. Just a lame pun with Aspen, Colorado.

>>452085
Close, but no ci-gar.

>>452083
How are you an idiot if you didn't use credit? Because you can make much more profitable investments with that money instead, and pay all the house's credit with your returns later? Sure... but all these other investments are more or less risky (you can still lose it all), while the house is a more secure asset. Diversification and security are important too. Not everyone wants unlimited growth with "virtual" Vanguard funds.

>>450274
I sell paint to contractors. they pay their $30k monthly bills with credit cards for air miles and hotel points. they can fly first class anywhere in the world for "free"

understandably, most people here aren't in the same position so I see your point

>>452094
>Diversification is important too
Which is why putting more than 10% of your net worth into a single, illiquid asset is ridiculous.

>>452101
It's arguably the most important asset for your life, unlike any other random, disposable index fund. More than 10% is justified. More than 30% becomes to be stupid.

And illiquidity makes it desirable.

>>452074

Pay 100 win 1 is a free 1% roi you pleb

>>452137
My home is my most valuable asset. We're homesteaders. We live off of our garden and animals. The farm provides for us almost entirely.

>>450364
>U.S. Bank Cash+ Visa Signature Card
>Only available at branch
>No USBanks within 100 miles of me

Why can't they just have online applications like everyone else?

>>452089
To-Hell-ya-Ride?

>>450542
Visapple phonetically said somewhat like Visible.

>>452669
Nah. We're not Durangatans either.
Steamboat Springs area.

I use the Amazon Visa. 3% back on amazon purchases, can't beat that with how much shit I buy from there. 2% from most else, 1% for the rest.

For the haters in this thread, never paid a dime of interest once in the 10 years I've been using plastic. Enjoy having 0 return for paying cash or having your bank account wiped cause some nignog screws with your debit card at a 7/11.

Anyone use AMEX in here? Is it worth it anymore?