Credit Cards

[Anonymous No.53031723]

Credit cards are based. I regret that I only started building credit at age 26. I had always just been told that debt is bad, and debt certainly is bad, but the rewards on credit cards can be harnessed and let you keep more money in your pocket every month while paying no interest.

How many credit cards do you have? What are your favorites? What categories would you like to find a new card for?

[Anonymous No.53031768]

>>53031723
have a barclays card with -8k on it. last month made a cool 500k i gonna pay them off and kiss them goodbye. fuck their "benefits" try not being poor instead

[Anonymous No.53031984]

>>53031723
I've interviewed hundreds of self made millionares. They all became millionares with 3% cash back chase rewards. Yagami OP. Rack up those points.

[Anonymous No.53031989]

>>53031768
Well if you're carrying a balance then of course you're throwing money away. If you use it like a debit card and pay the whole thing off every month, you're just collecting cash back as free money.

[Anonymous No.53032020]

Same OP, but my score is EXCELLENT so I'm going to churn and get a few more cards to p-p-pump up that credit limit.

[Anonymous No.53032252]

>>53031723
usbank cash+ for 5% on bills
chase freedom unlimited for 3% dining/5% travel/1.5% general use. 5% gas will run out this coming year so bummed about that
BoA Cash Rewards for 3% on online shopping/ 2% on some groceries
Walmart card for 5% on grocery pickup

considering getting a costco credit card as im already a member and i want their 4% gas cashback

[Anonymous No.53032402]

Lmao is this a bot thread? Looks like bot posting by someone to push for debtmaxxing
If my post isn't responded to its definitely a bit thread

[Anonymous No.53032743]

>>53032402
hi
I wish debt maxing got discussed more.

is it realistic to use my $60k credit limit to buy a Rolex explorer II and 30 1oz gold coins and then leave america. I also have ~$250k in BTC and make $100k per year paid in USDC

[Anonymous No.53032751]

>>53032402
I just like getting cash back.

[Anonymous No.53033170]

>>53031984
>3% cash back chase rewards.
How do I get this? I currently have a Citi Doublecash which is only 2%. Name of the Chase card offering 3%?

[Anonymous No.53033265]

>>53033170
Chase Freedom Flex or Freedom Unlimited. They're very similar, except Flex also gives you 5% back in rotating categories that change every quarter. Unlimited doesn't do that, but gives you a flat 1.5% back on everything outside of the 3% dining and drugstore purchases, which both cards offer.

[Anonymous No.53033264]

>US bank cash+
>amazon store card
>chase freedom
>chase freedom unlimited
>chase freedom flex
>american express blue cash
>American express blue business
>chase ink unlimited
>now citie premier for that bonus
>will go for the next chase card with cash bonus soon

Downgrade the cards with fees next year, free bonuses. I probably spend beyond my means a pinch though as of late but I'm depressed and make good enough money. I'd like to close one of the chase cards but don't want to since it adds to my age of credit. Thoughts?

[Anonymous No.53033318]

>>53033265
Ahh. So the doublecash is still superior for thoughtless 2% on everything if you don't feel like min/maxing categories and swapping cards for specific merchant types.

[Anonymous No.53033327]

>>53033264
It'll stay on your report for ten years after you close it so it won't affect you immediately. It will reduce the amount of credit you have which will increase your utilization. Why do you want to close a Chase card? Does one have an annual fee, or do you want to get the sign-up bonus again?

[Anonymous No.53033333]

It's the ultimate retard filter. If you can use them responsibly, great. But our society is based around trying to make you use them irresponsibly.
>>53032402
Faggot. Go back to your GME containment thread.

[Anonymous No.53033362]

>>53033318
Yeah, 2% is about the best you can do if you just want to deal with one card. I actually think I've heard of a credit union that has a 2.5% card, but I believe you have to have your checking through them and meet a few requirements there. But basically yes, if you only want to deal with one card, that's your best bet.

[Anonymous No.53033441]

>>53033333
>Faggot. Go back to your GME containment thread.

[Anonymous No.53033471]

>>53033333
God damn look at those digits.
Kek has spoken.
GME BTFO.
Usury BTFO.

[Anonymous No.53033496]

I currently use a Amex Gold as my main card, with a discover card and a chase freedom unlimited as my secondaries. I was primarily using the discover for those secondary purchases until i realized i can get an extra .5% cash back with chase. My question is, considering i already am in the Amex points system and most of my purchases are with an amex card, does it make sense to get any other card as my secondary?

[Anonymous No.53033518]

>>53033333
>scripted get from a 1pbtid defending his bot while raging about GME against someone who didn't even mention GME
What the fuck even is this?

[Anonymous No.53033527]

I like the MGM credit card. Earn free play and tier credits with every swipe that helps my degenerate ass maintain status.

[Anonymous No.53033540]

>>53033496
I personally don't focus on points myself, but if you find yourself frequently transferring your points to other travel partners, if there's another company that has the same airline or hotel chain as a travel partner, you can use your points from both cards.

[Anonymous No.53033579]

I bought a credit card binder. Can't wait to fill it up

>>53033333
Based

[Anonymous No.53033626]

>>53033333
>digits
Usery is back on the menu boys.

[Anonymous No.53033680]

I have several but atm here's what I'm doing

>10% back crypto gas card for 1 yr (gemini) then ill go back to my old 5% gas card (citi bank)

>5% back walmar(capital one) credit card for groceries.

>2% back on everything else (wells fargo)

>coinbase debit card.
Using PayPal you can your credit card bills with your debit cards and stack the free gibs

[Anonymous No.53033765]

>>53031723
the ui/scale is probably different than most of you, I'm from the UK not US. 4 credit cards and 3 accounts with overdrafts, never paid a penny in interest. Honestly the rewards only suck recently, not even worth the effort to piss around with it

[Anonymous No.53033800]

>>53033680
What's your PayPal method? That's interesting.

[Anonymous No.53033821]

>>53033441
>>53032402
>it's the heggies, the sqoozie hasn't yet squzealed!

[Anonymous No.53033905]

>>53033800
paypal theres an option to "Pay Bills". there you can chose your method of payment. they allow you to pay with debit card or bank account. You essentially need to add your credit card bill as you would any other bill

the payments do take 2-3 business days and there is no automatic payment option so you need to stay on top of it

[Anonymous No.53033922]

>>53031723
They key to credit card use is to pay it off in full every time you get a bill. Cash back is a bonus, but it's secondary.

[Anonymous No.53034057]

>>53033327
Yeah I wanna be able to churn the bonuses. Oh well I guess it's not that big of a deal

[Anonymous No.53034086]

>>53033905
That's pretty interesting. Going to look into that. I do have a Coinbase debit cards as well.

[Anonymous No.53034109]

I got the $200 offer from BoA and also the double offer from Discover and am making them pay me $700. I hate credit card companies they profit off of people's misery and stupidity and I want to legally fleece them out of as much as possible. I'm relatively new to CCs can you guys suggest any other card offers? Or is there a limit to how many times I can do this? Sorry for noob questions no one ever taught me this stuff.

[Anonymous No.53034113]

>>53031723

[Anonymous No.53034197]

>>53034109
Credit card companies do notice you churning cards and they will deny you for new cards for high velocity. Basically you need to wait a while between cards. And different companies have different rules. I think with most Chase cards, you can get the card and the sign-up bonus, wait two years and cancel the card, and then get it again for another sign-up bonus. But American Express only allows you to earn one sign-up bonus per card for life. And if you ever cancel a card within a year of getting it, they'll probably blacklist you. So if the card doesn't have an annual fee, keep it open forever unless you have a good reason not to.

If you're new and have two cards right now, you should probably wait a while before applying for anything else. But Citi Custom Cash is a good option. You get a sign up bonus with it too of course, but it gives you 5% back in whatever category you use the card most during that month. So if you only use it on gas for example, 5% back on gas.

[Anonymous No.53034477]

How do you spend more on a CC to get the rewards then turn around and get cash from spending to pay it off?

most prepaid cards don't allow cash advances and money orders charge fees

[Anonymous No.53034494]

>>53034197
Hey thanks bro. We constantly crap on each other here but I appreciate that. I wish we helped each other get forward more often. I'm probably going to go get that card eventually. I guess I'll wait for a bit. Have a good new year my friend

[Anonymous No.53034637]

>>53031723
>I regret that I only started building credit at age 26
Anything you do in your 20s isn't "late."
You're barely an adult.
The only people who think otherwise are people also in their 20s. And nobody really gives a shit what 20-somethings think.

Live your life by your own timeframes.
Don't worry about what other people think.

[Anonymous No.53034817]

>>53034637
I wish I started at 18

[Anonymous No.53034868]

debt is a tool that the wealthy use to create wealth.
Consumer debt is a tool to keep the poor people poor.

It’s up to you to use the tool correctly or not

[Anonymous No.53034887]

>>53034637
This. Only compare yourself to yourself 5 years ago. You can’t compete with a guy who’s dad is a real estate mogul.