/biz/ - Business & Finance

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I use goyim card. I get 6 million goodie boy points every month when I pay for all the consooming I did, subconciously to stack up all those goodie boy points.

i mainly use my amazon prime credit card. i have all my bills go to it and then pay them all of at once and i get points. i make all of my large purchases with the card and pay them off immediately to get points. i get a lot of free stuff from amazon by doing this.

>>52607349
use anything with 2% cahback. its essentially a free 50 day loan as long as you pay the bill in full when due. just buy everything you already do instead of cash/debit

>>52607453
why are you shilling for amazon in this god forsaken place

>>52607505
are you retarded? i'm not shilling anything. i'm directly answering op's question.

>>52607453
>>52607518
Your amazon prime ministers thank you.

>>52607349
Get a bunch of cards with high limits and never use more than you make. This increases your credit score which makes you more attractive to financers for bigger loans like a car or house

I've never had one except for one that I had linked with my mom when she was alive.

If you have a card which has bonuses for spending at grocery stores, you can buy gift cards there to get the bonus for other stores as well.
Tbh it's not that much, but if you get 4% back, then that's more money than the interchange fee, so you can be happy that the bankman is losing money each time you make a purchase.

>>52607349
I never use credit cards and don't any. Don't spend a lot and don't need loans. Live off my parents. Rent is cheap. When they die, I get half of the inheritance. All is good.

>>52607349

>>52607349
>no interest if balance paid in full

This means the number on last months bill, not the running balance you see online.

>>52607477
I just signed up for a 2% cash back card for this exact purpose. I think I’ll use my cash back to buy crypto.

>>52608849
Is this shit even worth it? gold seems much better if you don't travel a lot

>>52607349

I have a single low-interest (12.9%), low-limit ($3300 USD) card I only use for gas and food when I'm on vacation. Otherwise I never touch it because credit cards are shit.

I like 5% rotating category cards like the Discover It and Chase Freedom Flex. Both have bonus quarters for PayPal and mobile wallets (Google Pay, Apple Pay, etc.), which is basically like getting 5% cash back on nearly all your purchases since these are so widely accepted online and in stores.

>>52607349
I don't use credit cards, I used to use them and pay them off immediately then I figured might as well use a debit card.

Open a new card every 3 months and churn bonuses. If it has an annual fee just cancel 30 days the flowing year or better yet downgrade the card. Can get your credit score way up that way.

I've got three credit card over the last two years.

None have any sort of annual fee

All of them offered cash bonuses. 1-3% cash back.

I've made almost 800 dollars in bonuses this year

can someone explain how credit cards work?
what is "APR"
if i buy something with the card, am i immediately charged interest?
or is the interest only if I don't pay off the balance before the end of the month?

>>52614933
Your only on the hook for the interest if you fail to pay it off by the due date.

Do I need a credit card? I've only ever used my debit card. I'm going to be doing a lot of traveling for my graduate program in two years, should I look into a credit card with airline points or is that shit a scam?

>>52615005
I'm basically an autistic hermit who shuns finance but I recently had to go on a business trip and almost wasn't able to get into my hotel because I didn't have a credit card and didn't have enough in my bank account to cover it.
My manager had to call the hotel and plead with them to accept his card over the phone since they usually require to see the card in person.
After that experience I decided to get one just in case of emergency.
Apparently there is some cash back benefits but they don't seem big enough to bother with.

>>52615005
Credit cards are good for emergency's and the rewards (cash back on food/dining @ 3.0% really adds up) long as you don't go nuts with it. IE; you pay off the balance before they stick you with interest charges.

>>52614984
How do you pay it off?
Can you view your account online and pay it online or do you have to mail them checks?

also how did all of you get 3%-4% cards?
the offer i got is 1.5% cash back
they don't even tell me in the letter what my credit limit is

>>52615047
you can do either, i'm pretty sure everyone who isn't 75 years old just pays it online using their bank info

i just did the online application and they gave me a credit line of $1000 (one thousand dollars)
what the fuck?
this isn't even useful in an emergency

These are the two I have. Capitalone Platinum and Savorone. Both have zero annual fees. The Platinum gives 1.5% back on anything. The Savorone gives 3.0% back on groceries, dining (MCD's/Wendy's/Applebees,etc), and entertainment. But it has to be a pure play grocery store. (Kroger). WMT won't count. For other things it gives 2 to 1% depending on type.

>>52608978
Buying crypto is a mistake.

>>52615113
Relax. They'll jack the limit over time once they see if your responsible with it or not. Making payments on time goes a big way towards jacking that limit up.

>>52607349
I just have a credit card through my bank and I get constantly scolded by the tellers for not carrying a balance. They always try to upsell me about all the "perks" of the "points" I can get for going into credit card debt but I always tell them to miss me with their debt slave rebates. Its always funny to see them quietly seethe when I turn them down because I just know Im making them miss their corporate quota and they wont be getting a pizza party or something because of me lol.

Now I dont even use my credit card anymore and I just pull out each pay check fully in cash so that the bank has none of my money to "bail in" with when they fail. Fuck banks lol.

>>52615200
How do these creditors even make money on these cards?
Why would anyone EVER carry a balance on these things?
It's unbelievable to me that there are people out there who sign up for credit cards and then willingly start paying 25% interest on stuff. It's so unnecessary.

>>52615200
>Now I dont even use my credit card anymore and I just pull out each pay check fully in cash
I would do this but I make way more than I spend. I don't want to have like tens of thousands of dollars laying around my house and then it burns down or something.

>>52615249
>Why would anyone EVER carry a balance on these things?

Because people are retards and don't think that far ahead. It's just free money from the bank as far as they're concerned, whether they can afford to pay it back is next month's problem, not today's.

>>52615249
Well sometimes you don't have a choice. Surprise auto maintenance bill comes or something happens at home well that card comes in real handy.

Work in the industry for a credit building card company

I have no less than 30 cards at this point. Whatever you do, just don’t pay interest. Spend what you can pay back, accrue rewards and cash back, and pay off by due date.

Jew the jew. I’ve probably made at least $3k back this year, and have paid 0 interest.

Don’t want to pay in full? Get 0% promotional rate cards. Many companies offer up to 18 months with 0%

>>52611473
>if you don't travel a lot
Kinda answered why someone wouldnt get a travel card

>>52608849
I have this because it's the best flex on the hoes, even though mine is maxed kek

>>52615626
3K back is a lot, is that mostly from promotional stuff, or do you really just spend that much?
3000 back at 4% cashback would require 75K spend in a year

I have a basic card that gives 1 percent back on everything and 2 percent back on gas and groceries. I could get a better one but I keep putting it off. Really I get like 150 back a year, even if that tripled is it even worth it?

Amazon Prime CC - 5% back on purchases for Bezos
United Explorer CC - main travel card
Chase Sapphire Reserve - main points card
Venture X Capital One CC - secondary travel card

I also sign up for new cards to hit SUBs for points

>>52607349
dont use the card as a loan instead a replacement for carying cash. lets say you spent $50 a week on lunch if you eat out every day for lunch. Instead of paying with your debit card, pay with credit card, and every friday, pay the bill. now you get the rewards that you wouldnt have got if you paid with your debit. I have a card that has high reward for gas, one for grocery stores and another for online purchases. also in the event that someone gets your card information they dont have direct access to your bank account.

the biggest thing is never use credit cards as loans, which most people seem to do.

>people still use jew credit cards
There are many services online where you can have a virtual card. Hides what you buy from your bank and you get minimal fees when paying with foreign currencies while traveling. /biz/ is not gonna make it afterall

>>52615707
Promotions.
Chase sapphire preferred.
Citi premier.
Etc.
even if there is an annual fee, you’ll still come hundreds, or thousands ahead

>>52615806
Then, at the end of the year, just downgrade the cards to a no fee card, rinse and repeat

>>52607349
Churning bonuses and chasing rewards points is for poors. If you're really incentivized to risk getting into high-interest debt just you can save $100 bucks on plane tickets or get $30 a month back in rewards, you should look into how to make more money not how to get more debt
>t. juggled rewards cards for years until I realized my time was literally more valuable than the bread crumbs I was getting for being a good debt goy

>>52615259
>I don't want to have like tens of thousands of dollars laying around my house and then it burns down or something.

True, this is why you get fire resistant lock boxes, bury things unnaground in water resistant containers, or convert the cash into more fire resistant assets like gold, silver, or land.

I have found that putting cash into air tight mason jars with moisture absorbers (you need moisture absorbers because the cotton paper cash is made from attracts and holds moisture and will mold when sealed in a container unless you draw the moisture out and hold it with silica packets) and then putting the jar into a fire safe (with at least a 1200 degree fire rating for half an hour) works good. Of course gold and silver have a 1500+ degree melting points to start with, so putting them in a firesafe with a 1200 degree rating, plus the fact that gold does not rust or tarnish, makes them virtually indestructible to fire or water. An entry level fire resistant lock box will go for around $30. Remember, the whole point of these lock boxes is fire resistence, not security, so be sure to hide the box somewhere as they are easy to break open or carry away.

Also remember to diversify not just what assets you hold but where you hold them as well. Like you said you dont want to lose it all in a house fire (or an IRS raid).

>>52615869

If you get a $300 SUB for the couple hours it takes to sign up for a card and then cancel it after making purchases you would have anyway, that's like $150/hr. Obviously not going to replace a real income, but it's a good return for the minimal time invested. Best part too is it's tax free, if you have to spend money to get the bonus, it's a rebate according to the IRS, not income.

Of course the trap you have to avoid is spending more than you otherwise would just to get a SUB, which obviously defeats the point.

Between credit cards, browser cash back extensions, receipt scanning apps, apps that provide cash back for gas, etc. I probably get a couple thousand dollars in CB a year. Not life changing amounts of money, but it's a nice side hustle and money that I wouldn't have in my pocket otherwise.

The only two credit cards you need:
1. Fidelity Visa 2% cashback
2. Amazon Prime 5% cashback

If you travel a lot, then maybe Chase Sapphire Reserve.

>>52615932
Yep, that’s the way to look at it. If I’m going to be spending anyway, why wouldn’t I reduce my expense with promotions and cash back?

>>52607349
I have a Capital One and a Discover card, 20.5k credit limit between the two. $0 annual fees on both. I have all my bills go to the Discover while I use the Capital One for daily shit. I never pay things off in full so there is always something on the report to say I'm using the cards. My score did just plummet 24 points though, even though I used less of my credit and a hard inquiry on my report finally went away. Not sure what that's about.

>>52607349
i use my moms card and some times my dads

>>52607453
Cheers

>>52615200
you don't get points for having a balance retard. they give you points for purchases made with the card

>>52615476
What the fuck no, that's what budgeting and an efund is for..if you are ever at a point where you can't pay it off immediately you have done fucked up good

>>52615932
lolololol it's not going to take a "couple of hours"
>hour on hold with with customer service after something fucks up online and you can't cancel your card
>whoops you mixed up passwords since you're managing 10 cards, locked out of the account, guess you gotta wait an hour
>oh SHOOT you forgot you made that big cash purchase two days ago and don't have the cash to cover the payment this month, here's that overdraft fee!
I'd gladly pay $150/hr to not deal with any of that shit again, which I guess is essentially what I do. Debt's about to get a lot more expensive anyway

>>52607349
You can chop cocaine into lines with it.

>>52607349
800 score. got refuse on new CC....banks are starting to slow down free money

>>52607842
>I never learned how to produce anything of value and I'm happy about it

got $800 in free flights and about $700 in free hotels/car rentals rn fom based AmEx
where should I go bros?

>>52607349
some tips are get what you can now before the house of cards collapses. get as much credit limit on as many cards as possible and max all that shit out ASAP on real assets. there isnt much time left before they stop issuing credit due to liquidity crisis. be smart, buy assets not retarded shit, and you might make it on the other side of this upcoming financial crisis with a 1,000x or more. good luck anons

>>52607349
>what credit cards do you use?
lol

>>52607349
I use AMEX for everything now. Credit card, checking, and savings. Their customer service is worth more than getting higher cash back on gas or whatever

>>52615057

The best cards out there are 2% cash back on everything. It's a flat 2% on all purchases.

There are cards that have 1% on this thing and 4% on this thing and a bonus day of 5% on this particular thing. But it's always changing and you have to keep track of it.

The easy thing. Get the 2% card, get those rewards and pay it off every month.

I apply for a new card every few months to get the sign on bonus. I have several now

>>52615057
I have one flat 2% cash back card. Wells Fargo. But there are many 2% back cards now
One walmart 5% cash back (I use it for groceries at walmart) capital one walmart
Another 5% cash back card in 1 category. (I use it for gas) citi bank custom cash

>>52617917
This, I don't even carry a debit card. Creditlets are literal subhuman retards for not taking advantage of them.

>>52615200
Incredibly fucking based

>>52617538
Your income is probably too low or your DTI is too high or both.

I only got two Credit Cards in my wallet:

Amazon Prime card for 5% cash back on all my Amazon and Whole Foods purchases
Citi ® Double Cash Card for 1% cash back on all purchases and another 1% when I pay my balance.

I got a Chase Freedom card I had as my first credit card, but I don't really use it.

I don't really feel like I need any other credit cards except maybe a travel one, but I'm not sure which one is worth the annual fee.