/biz/ - Business & Finance

Never understood why people care about this. Why are cards seen as a status symbol. Is this just an illusion for the cattle?

Money is the real points, and you keep it by not spending it on consumerist trash and buying scarcer more desirable assets than fiat currency (land, BTC, gold, etc.).

>>57354565
why would you need one ever? What are the nicest perks? I know some get you access to lounges at some airports

>>57354643
they let anyone in now, its like a black family reunion in there

>>57354643
I just use my credit card the same way Id use my debit card basically and just pay it off monthly. Over the course of 6 months of using it like that I got an extra $350 in points that I can cash out. So the way I see it theres no reason not to have one and use it if Im gonna be spending that money anyways on food, gas, etc

>>57354573
>>57354643
>>57354593
Cards come with many perks, sometimes instantly break even the costs of the card (travel insurance, travel credit, purchase protection and insurance, cash back deals).

Pay everything with your card -> earn points > use points for charges/gift cards/flights.

>>57354643
You want one in USA because it can save you a ton of money with cashback rewards. There is no downside as long as you budget properly and set it to autopay your balance every month. In other countries the rewards aren't that great so it's usually not worth it to get one

>>57354707
Credit cards are a massive j*wish scam. They charge retailers 3.5% and give you 1.0%. You're just perpetuating the scam and driving up costs for everyone.

>>57354593
I still buy consumerist trash and all that other stuff you listed, why can't it be both?

>>57354844
>why can't spending money on frivolous throw-away things make me money?
There should be a minimum IQ to post on 4chan.

>>57354565
>>57354831

Credit card are actually solid, credit cards are better than having capital in your wallet like a debit account or digital cross-chain wallets like Rango for the benefits it has, they have cashbacks, discounts and frequent-flyer miles

>B-but the jooosh

Someone who probably doesn't have the slightest idea of how to use one and make a profit

>>57354565
I have six cards
>chase Amazon card
Basically only use for 5% (sometimes six) cash back on all my Amazon buys. No annual fee
>chase freedom unlimited
1.5% on everything, but I really don’t use this card anymore because Wells Fargo beats it. No annual fee
>chase sapphire preferred
I don’t know why I have this card, restaurants and streaming subscriptions are 3% and travel is 2%. And I guess I get a free DoorDash subscription for goyslop. $95 annual fee. Dunno if it makes up for all the benefits
>chase freedom
Rotating 5% on a category. No annual fee
>discover
Had the cash back match for a year, now I just use it for the quarterly 5% category. Never overlaps with the chase category, so it’s like a secondary 5% cash back category every quarter. No annual fee
>Wells Fargo
2% back on everything not in a category. No annual fee

>>57354831
That's simple credit you dont like it dont take it, It is what it is.

>>57354999
>anime
>le epic spacing
waste of trips go kill yourself

>>57355003
you really wrote all that like anyone cares

>>57354999
Credit is for broke black people and crypto is for kid porn enjoyers and other forms of lowly degenerates!

>>57354565
Got chase and amazon so im ok.

>>57354573
Obviously. Just like buying Apple products that objectively inferior to say, Samsung. Or buying useless Nike shoes fabricated in some sweatshop driven by extremely poor children.

>>57354999
>He thinks crypto wallets are a status symbol
>He thinks his GAY YEE YEE NERD LOSER ASS COLD crypto Ledger wallet means anything

brah, pussy goes fully dry and limb when you wipe that out in public. wait you dont, because crypto buys nothing, its all in the air. nice try tho brah, ya mirin?

>>57354831
You can say jewish kike nigger faggot here anon it's all good. It's all jokes and silliness anyway, nothing is real in 4chan(nel) dot org.

>>57355034
You replied

>>57355034
I enjoyed it.

>>57354565
I have over 30 active credit card accounts. My favorite card is from SoFi since it gives 3% cash back. I also like my Delta Skymiles card for larger purchases that I might have to cancel (like travel). They make it effortless to do a chargeback in case anything goes wrong.
All my other cards were simply used for the intro bonus rewards that range from $150 to $500 each. I've made at least $10k over the years.

>>57354565
This is why burgers will be forever poor.

Kinda regards from Europe

>>57354831
>retard doesn't know about 2% cashback
ok bro, have fun passing on free money--im sure that will show them

>>57355048
>objectively inferior
cope

>>57356434
your 5-digit euro salary is showing

>>57354565
Mine has 2% cash back. I use it for my business to buy material, not a bad deal. I don't care about airmiles and other dumb shit.

what do you guys use your cashback on?
ive had my card for over a year now and ive barely used any of it.
i think my retarded brain wants it to feel "worth it," so im waiting until i can use them to fully cover something thats a necessary purchase
>>57355034
i did

>>57358361
>what do you guys use your cashback on?
I don't even think about using it on things. I just consider it to be a bit of a discount.

>>57358361
auto credit my account

>>57354565
pathetic how no one itt understands what a Centurion card is. Ugh, plebs

>>57354565
Whatever they're dumb enough to give me 0% interest on

there’s very little to justify the Centurion anymore. sapphire reserve + amex platinum gets you into basically every airport lounge. I mostly use Apple Pay too so no one’s going to be impressed

save points? i max that shit out all the time and only pay my minimums

>>57354593
If you are extremely financially disciplined and know the value of money (not being an American). You can earn points and use them to offset your usual spending.

In America they have such good credit card benefits because the population is truly retarded on average with money compared to other first world nations. Their benefits are lesser because there's more financially savvy people profiting from the credit card rewards in those countries.

>>57355003
Based correct /biz/pulled way to use credit cards for personal gain

fidelity visa is 2% on everything. cash back is automatically rolled into fidelity brokerage account

i'll play the sign up bonus game every couple years to get free flights / hotel rooms

>>57358953
plat actually has surpassed cent on value in present day, which is sad. Cent is probably a loss leader but the people who hold them are mostly .01%

>>57354565
Is your name Tom Ford? If not, why do you have another man's name on your wallet?

>>57355048
Right, with Samsung phones I get bootleg Youtube premium free but with Apple there is no way out of ads and subscriptions

>>57359451
You should see my underwear :)

>>57354831
>4 triggered replies
You’re absolutely right. Having credit cards is only useful for extending your overall credit line in case of emergencies and for raising your credit score. A lot of cope ITT by tards who get as much in points as they get charged in annual fees (or who are just piling up debt and getting farmed for interest).

>>57359013
*faints*

>>57358985
It has nothing to do with American spending habits and everything to do with EU bureacracy. They specifically made laws preventing Europoors from getting these incentives on credit cards because they know credit card companies jew the merchants.

>>57354573
Credit cards are essentially good for quick access to a low interest (zero interest if paid within some months) loan. If you're debtmaxxing it can come in handy.

>>57354565
I'm a Goyard guy

anons im a young guy and I don't get to travel at all as I am a waiter and horde all my money to save as much as possible. I know travel cards mostly build points FROM travel expenses but is there one I can use on something applicable to me like food or gas that I can build travel points with?

If I could stack points and cut the cost of air fair / hotels dramatically maybe I could afford to experience some travel while I'm young

In my opinion, this is my very comfy daily credit card cycle. No fees.

>Amex Blue Cash Everyday (no fee)
3% back at U.S. supermarkets on up to $6,000 spent per year.
3% back at U.S. gas stations on up to $6,000 spent per year.
3% back on U.S. online retail purchases on up to $6,000 spent per year.
1% back on other purchases.

I use this one basically everywhere. Especially the "Online retail purchases" category, a lot of stores operate in a way that this actually applies to the way their merchant system works so I get the 3% in store at a large amount of places.

Amex also gives an absurd amount of offers to various places.
I put all points towards paying back my statements.

>Amazon Visa
3% back at Amazon.com, Amazon Fresh, Whole Foods Market, and on Chase Travel purchases
2% back at gas stations, restaurants, and on local transit and commuting (including rideshare).*

I use this one at Whole Foods, and Amazon, and the small few places that doesn't accept Amex. I put all points right back into my statements, or towards future Amazon purchases.

>Target Redcard Credit Card
Save 5% at Target

Use only at Target (only accepted at Target). Don't use often, but nice to have. 5% is a decent amount.

>Charles Schwab Debit Card
I use this for rare international purchases. Like Hetzner VPS for example. Because no exchange fee. Also I believe they wave ATM fees.

>Local Credit Union Debit Card
I have a debit card for my local credit union. I have my work deposits go into this checking account, and then I move stuff to an American Express High Yield Savings.
I keep a little money in the checking and on the debit card just in case and that's about it. I pretty much never touch this card, it's only for backup if a place won't take credit (rare). I use the Amex Blue Cash pretty much 98% of the time.

>>57362321
Also it should go without saying. Never fucking hold a balance on the card. At the end of each statement, pay off in full. You need to be very good at paying attention especially if you get multiple credit cards. It can get forgetful fast to pay off one and it will sit on your credit report forever and fuck you (you could potentially try to call and get it waived if you have a good history and it's a one off thing)

>>57362134
>ns im a young guy and I don't get to travel at all as I am a waiter and horde all my money to save as much as possible. I know travel cards mostly build points FROM travel expenses but is there one I can use on something applicable to me like food or gas that I can build travel points with?
>If I could stack points and cut the cost of air fair / hotels dramatically maybe

chase sapphire preferred/reserve, capital one venture x, amex gold/plat all have sign up bonuses regularly between 80k-100k pts which cam be worth around $1000 to buy flights and hotels. do some googling

>>57362436
i really want to shill the chase rewards ecosystem if anyone is undecided.

the points have an insane value when converted to hyatt. pay for your airlines tickets and then you can stay in nice, comfy hotels you'd normally never be able to afford

+1 for sapphire preferred. in addition to travel points, things like lost luggage, rental insurance, tow service, and extended warranty coverage are really nice to have.
I also have Blue cash preferred for groceries / gas

>>57354643
AMEX BCP gives 6% cashback on groceries and 3% on gas, with a $95 yearly fee. If you spend only $500 and $200 a month on these, that's a free $337 bonus yearly.
That's just one example if you're not the type to travel or dine out frequently

>>57354573
> Never understood why people care about this.
> Is this just an illusion for the cattle?

Essentially, yes. It's a "status symbol" because it's made to be that way - some cards are genuinely hard to qualify for, so people see them as impressive. It's also a quick way for normies to judge your status, kind of like your car, phone, or neighborhood.

The points and gaming the system to get "perks" is basically clipping coupons.

However, there are two "real" benefits:
1. Having a credit line that might even be at an ok rate if you had cards for decades.
2. Since it's part of the system, it's a fast way to build credit and quality for lower rates on a home.

I put all my bills on credit cards, pay off balance every month and never pay interest. No annual fees on any of these either. Pic related, if anyone has anything else better let me know.

>>57359544
>with Apple there is no way out of ads and subscriptions
Brave blocks all that shit, just don’t use the app

>>57360337
>A lot of cope ITT by tards who get as much in points as they get charged in annual fees (or who are just piling up debt and getting farmed for interest).
but i have no fees and have never missed a payment
the credit companies trick dumb ghetto niggers who cant help but go into debt and i get a little piece of it

>>57364429
This. I have about $100k in available credit but I only use about $2-3k per month. No interest, no fees, just saving 4% in cash back every month.

>>57354565
I have a well Fargo card that gives 2% cash back on all purchases. I pay it off every month so I never pay interest. Then I take the monthly check they send me and use it to buy crypto.

I litteraly get paid to make purchases I was going to make anyway

>>57355037
you couldnt be more wrong, tranny
all hundred millionaires to billionaires dont own anything and put it all on credit
to achieve greatness they all only operate on credit

New credit card every 3 months or so to get a bonus