/biz/ - Business & Finance

[Anonymous No.53990216]

What credit cards do you have recommend?
So far, I only got 2 Wells Faro Active Cash and Chase Ink Business Unlimited. Which cards with are actually worth their annual fee?

[Anonymous No.53990312]

>>53990216
Amex BCP and chase sapphire are the only 2 cards I have with an annual fee.

[Anonymous No.53990662]

>>53990216
Chase Sapphire reserve is definitely worth it.

[Anonymous No.53991635]

>>53990216
Test

[Anonymous No.53991642]

>>53990216
I just got the chase Saphire preferred, then gonna use the 600$ sign on to build part of my new pc. Maybe it will encourage me to leave my apt too and travel

[Anonymous No.53991646]

>>53990216
wait, you pay an annual fee for credit cards?
BWAHAHAHAHAHAHHAAH

[Anonymous No.53991662]

>>53991642
Why would building a new PC encourage you to leave your apartment?

[Anonymous No.53991671]

>>53990216
Idk post your current ones

[Anonymous No.53991715]

>>53990216
>ink
Looks like LINK, unironically.

[Anonymous No.53991800]

>>53990216
>Which cards with are actually worth their annual fee?
none, unless you spend literally six figures on credit cards every year

these are the cards I use, there is no annual fee on all of them:

3% cash back at restaurants: Savor card by Capital One

3% cash back at gas stations: AARP card by Barclays

3% cash back at grocery stores: Blue Cash Everyday card by American Express

5% cash back on my streaming, internet, and cell phone bills: Cash+ card by US Bank

2% cash back on everything else: Fidelity Rewards card by Fidelity Investments

I'm a big believer in cashback cards with no annual fee. It's okay to get an Amex Platinum or a Chase Sapphire Reserve card but you should understand that these credit cards are luxury items like buying an iPhone instead of an Android or buying a new BMW instead of a used Toyota. The main reason you should get an Amex Platinum or a CSR is so you can swipe into the luxury airport lounge and order a free cocktail and sip it while thinking about how you're better than all the normies who can't get into airport lounges.

But when it comes to saving money I guarantee you that if you use Microsoft Excel or pen and paper to figure out what your expected rewards from using the cards I listed versus using an Amex Platinum or a CSR, you'll find that you'll have more money at the end of the day if you use a wallet full of zero annual fee card with specific cash back categories

[Anonymous No.53991868]

>>53991800
That Amex card sounds good. I got the Blue cash preferred for the sign on but haven't been utilizing it well enough for the annual fee. I know i am at least breaking even, but 3% no fee sounds a lot better.

[Anonymous No.53991886]

Does having multiple credit cards negatively impact your credit score? My score is like 900 and I've had one card for years now I want to get some signup bonuses but I also want to buy a house soon so I like having a high credit score

[Anonymous No.53991962]

>>53990216
depending on how autistic you want to be
>best no-annual-fee setup
Discover It for 5% back rotating
Chase Freedom Flex also for 5% back rotating
Citi Double Cash or other 2% everyday or Venmo card for 2/3% on everything else
You're guaranteed 6 months of 5% back groceries, 6 months of 5% back gas, and 6 months of 5% back restaurants/paypal/amazon/walmart etc most years, though occasionally the rewards categories are identical
The rewards are also capped at $75 a quarter, depending on how much you spend

>best pointsmaxxing setup if you fly a lot (more than 5-6 times a year) and can justify the $295 dollar fee after the airline credit
Chase trifecta
Chase Sapphire Reserve for 2x point redemption and travel, transfer points to hotel/frequent flyer programs
Chase Freedom Flex for effective 10% rotating when transferred to CSR
Chase Freedom Unlimited for effective 2.25-6% on everything else

>>53991886
revolving utilization and credit inquiries hurt your score, but just having more credit cards won't hurt you and will probably help you because more total credit under your name

[Anonymous No.53992001]

>>53991868
try calling them and asking to convert your Blue Cash Preferred to a Blue Cash Everyday. Insinuate that you'll close the card otherwise. I'm 99% confident they'll change it for you so you don't have to close the card and apply for a new one.

[Anonymous No.53992022]

>>53991646
t. broke wagie that can't recoup the cost with points

[Anonymous No.53992037]

>>53991962
>You're guaranteed 6 months of 5% back groceries, 6 months of 5% back gas, and 6 months of 5% back restaurants
you donkey, 5% back for 6 months (and 0% back the other 6 months) works out to 2.5% back over the full 12 months which is worse compared to cards that give 3% back all year round

cards with rotating categories are a literal scam, don't make a list of cards with rotating categories and then tell anons that it's "the best no annual fee setup"

see the cards listed here for the optimal no fee setup where your cards work all 12 months per year >>53991800

[Anonymous No.53992050]

>>53992037
read the whole post dipshit
you're always getting at least 2% back and 5% back 6 months a year, averaging to 3.5%, which is half a percent more than your sorry ass

post your credit score

[Anonymous No.53992051]

>>53991962
My credit rating should dip in the short term for applying and then I will have to wait months for it to recover

[Anonymous No.53992956]

>>53991800
Hey anon I got a bank of America debit card in 2020, whats your thought

[Anonymous No.53992971]

>>53990216
>What credit cards do you have recommend?
NONE. FUCK YOU JEWISH SCUM

[Anonymous No.53993013]

>>53992022
kek, all my cards have no fee and have 2-3% cash back on almost all my purchases. its nice have a credit score of over 800.
>>53991800
this is one smart anon.

[Anonymous No.53993035]

>>53990216
>>53990662
>>53990312
>>53991642
>>53991800
>>53991886
>>53991962
>>53992037
>mutts actually use and recommend credit cards to each other
top kek, i bet you all got mutilated at birth by the rabi too

>>53992971
based

[Anonymous No.53993039]

Amex gold, just hit the bonus last week. No idea what I’m going to use the points on but I do feel like a baller using it. Also all the websites that say how much points are worth are total bullshit, if they say it’s worth 1000 it’s really like 500. Quick review

Pros
>feels cool
>$10 monthly Uber reimbursement
>random offers like $10 off chevys or $50 off ray bans
>bonus points equal about 2 year annual fee

Cons
>$250 annual fee
>$10 Uber credit doesn’t roll over. I have had the card for 3 months and have used it once
>offers make me spend more money that I probably wouldn’t have spent.

[Anonymous No.53993052]

>>53993035
If you pay them off every month it's like getting free money subsidized by debt slaves.

[Anonymous No.53993061]

>>53993039
>feels cool
the absolute state of bizlets

[Anonymous No.53993064]

>>53992037
Why not just use the 5% card for the first 6 months and switch to the 3% one? Then it's 4%/mo annualised.

[Anonymous No.53993065]

>>53993061
Fuck you let me feel cool slamming down my Amex on the bill

[Anonymous No.53993193]

My credit card set up:

Apple card 2% cash back everywhere (1% with physical card + 3% at preferred vendors. These two happen rarely and cancel each other out to average 2%)

That's it right now.

I looked into other no fee cards that give 3% back in certain categories, but the simplicity of having one card is worth the extra percentage point. Having multiple cards with different sign up bonuses and periodic offers makes you spend more than you otherwise would. Having all my spending in one card with a well thought out interface also makes tracking spending a breeze and makes me spend even less.

Might get another card one day, but for now I don't see much use for it considering I have no immediate need to build credit past where I am currently (749). Can also request to increase my CLI every three months with apple card so my utilization remains low.

Apparently they're coming out with a corresponding high yield savings account too, but that remains to be seen

[Anonymous No.53993232]

Credit cards are an jewish scam to encourage consooooooming

no amounts of (((credit))) building or cashback "rewards" make up for your increased spending caused by dopamine hits

[Anonymous No.53993303]

picrel is probably the best card on the market, letting you get 5x on everything up to $25k spend a year if you are willing to jump through some hoops buying gift cards at Staples or ODOM

also gets 5x on cable/streaming/wireless/internet bills

also lets you redeem your UR for 1.1x cash value as statement credit vs cable/streaming/wireless/internet bills

if anyone gives you credit card advice besides get as many Inks as you can before Chase tells you to fuck off they are wrong

[Anonymous No.53993344]

>>53993303
>annual fee
>jump through hoops
No thanks sucker, my time is worth more than yours

[Anonymous No.53993369]

>>53993303
Even if you're right I don't want to associate with chase in anyway because they're THE nigger lover homo bank.
I might love free money but I do have my principles even if they're very low

T. Owner of a PayPal business credit card

[Anonymous No.53993428]

>>53990216
Chase Sapphire Reserve, Chase Freedom, and Chase Freedom Unlimited. I use the latter to earn more points on certain categories to move to the CSR, which in my opinion pays for itself. If I lived in a Delta hub, I'd probably look into the Amex, but I'm happy with Chase.

[Anonymous No.53993525]

>>53993193
Do you have to have an iPhone to use that?

[Anonymous No.53993600]

>>53993039
Yeah I got this one too. I think my bonus was 75k and that'll cover the flights for my wife and part of the car rental for a trip we had to go anyways.

[Anonymous No.53993678]

>>53990216
I just signed up for AMEX Platinum last night. For $700 I get
>80k point welcome bonus, about $800
>$300 credit to a luxury stay at a hotel with my wife which I was already planning
>$200 Uber eats credit
>$240 Disney plus credit
>$150 Walmart plus credit
>$200 airline incidentals credit
I’m flying out to DEFCON this year, so I’ll book that with AMEX travel and expense the receipts to work but pocket the cash back. And I’ll use the incidentals credit to get WiFi, alcohol, etc. Plus I can hang out in the delta lounge at my airport before I depart and get free alcohol and food there

[Anonymous No.53993701]

>>53993678
FREE KEVIN

[Anonymous No.53993736]

>>53993678
I also have AMEX Gold btw. Gold gives me $120 of Uber credit and $120 of GrubHub credit. Both Gold and Platinum give me $100 each to stays at AMEX Hotel Collection hotels. So for DEFCON I’m going to stay at a Hotel Collection location, get reimbursed from work, and pocket the benefit

[Anonymous No.53993771]

>>53993701
I would never hire a criminal to secure my organization. I have no reason to believe he’s particularly knowledgeable or intelligent compared to the average cybersecurity professional. But he’s great at marketing. I don’t say that as a compliment

[Anonymous No.53993881]

Just got a Chase Freedom Unlimited. Is there any disadvantage to enrolling in autopay at the end of the month?

[Anonymous No.53993955]

I got a Well Fargo Propel card getting me 3x points anything travel related, mainly gas in my case.
The dont have it anymore but the closest thing is their new Autograph card

[Anonymous No.53993976]

>>53992037
You can own more than 1 card, retard.

[Anonymous No.53994070]

>>53993678
Congrats on not using a referral link to get 150k sign up bonus instead of 80k

[Anonymous No.53994212]

>>53994070
AMEX doesn’t give everyone 150k welcome bonuses

[Anonymous No.53994652]

>>53994212
Go to r/amex and there will be a thread with people posting different referral codes. 150k is the best one available currently for platinum

[Anonymous No.53994883]

>>53994652
You don’t get to decide if you get a 150k offer. If you use a private browser and a new address or some funny business to bypass their decision, then they have the right to clawback those points anyways

[Anonymous No.53995417]

I have like 10 credit cards now

[Anonymous No.53995571]

>>53993232
>no amounts of (((credit))) building or cashback "rewards" make up for your increased spending caused by dopamine hits
You need to learn self control if having a credit card causes you to spend more. The rest of us are enjoying free money.

[Anonymous No.53995728]

>>53993035
>Another europoor seethes from his cold commie block home that is the size of my guest room closet.

I'm going to take my SUV (that is larger than your home) to the Starbucks drive through to get a coffee that you will find "comedically" large. Enjoy your doll-sized cup of espresso, and your foreskin that you value so much, you poor, miserable, tiny faggot.

[Anonymous No.53995753]

>>53993232
Why does a credit card make you increase your spending? I literally just buy things I would normally buy with my card and pay off my entire balance every few days and I get "cash back" that I otherwise wouldn't get if I were just using my debit card or cash.

What kind of a retard feels the desire to buy more shit from a credit card?

[Anonymous No.53995786]

>>53993035
>>53995728
Euro Anon gets irrefutably and irreparably BTFO by America Anon

[Anonymous No.53995819]

>>53990216
I just got a quicksilver card from capital one, it has a $1000 credit limit.
I think it's pretty gay and don't really understand it. Probably will not even use it. Don't really undersstand the point.

[Anonymous No.53995872]

>>53995753
The majority of people sadly. While I don’t spend money just because I have access to it the Amex rewards got me a bit. I was on the fence with raybans that cost like $170 and they offered $50 off. I probably would have been frugal and said no to the $170 but they got me with the discount.

The majority of people spend money the moment they get it tho. When you give them 10k credit give them 4 months and they are 4-5k in debt

[Anonymous No.53996139]

I travel for work and I racked up 100,000 amex points in 6 months

[Anonymous No.53996228]

>>53996139
I travel for work too but I don't claim any "rewards" because the overhead of making a bunch of accounts makes me feel stressed.

[Anonymous No.53996274]

>>53991800
I only use CryptMI card which offers all these rewards, and another good thing is that its a virtual card.

[Anonymous No.53996496]

>>53994883
No one claimed otherwise. You're arguing with yourself.

[Anonymous No.53996762]

>>53996274
This is a crypto card right?

[Anonymous No.53997150]

>>53993303
Looks too good to be true

[Anonymous No.53997180]

>>53996762
Yes its the cryptocard that blends all cryptocurrencies and rewards together.
I got a 50% discount buying from Cubavera with the card

[Anonymous No.53997441]

>>53990216
Amex Gold
>4x at grocery stores
>4x on gift cards at grocery stores to places like Amazon, Home Depot, etc.
>4x at restaurants
>4x at Speedway for gas because they code as a grocery store
>$120 Uber credit, used on Uber Eats and Postmates pickup orders
>$120 Grubhub credit, used on Grubhub pickup orders
>$250 Annual fee
Amex Blue Business Plus
>2x on everything, up to $50k annually
>No Annual fee

I am currently using these cards so I can earn 2-4 flights a year for my GF and I flying out of a Delta hub using either Delta Skymiles or Virgin Atlantic Flying Club.

I may add the Chase Sapphire Reserve at some point because it gives lounge access for myself and 2 guests whereas the Amex platinum recently removed complimentary guest access.

[Anonymous No.53997886]

>>53993039
>if they say it’s worth 1000 it’s really like 500
You have to research flights to get the most of the points. I can fly from Detroit to London with 12,500 points + $226.70, which is a $1,132 flight normally. I use seats.aero to search.

[Anonymous No.53997980]

>>53993193
> one card
I think it's best to have at least two, if only as a backup. I once had my CC# stolen, it took 3-4 days for a new one to come through the mail and I didn't have a ton of cash on me, so I couldn't get gas/groceries/etc. And that's in the best case scenario, if I wasn't able to draw for a few weeks (locked bank account, etc) I'd be fucked.
If your heart is really set on only having one card, at least have a second bank account and keep a few hundred in cash in a safe place.

[Anonymous No.53998572]

>>53991800
>3% cash back at restaurants: Savor card by Capital One
i get 4% back with US Bank Altitude Go (no annual fee, no foreign fees)
>3% cash back at gas stations: AARP card by Barclays
I get 5% back on lyft with Chase Freedom Flex, no car
>3% cash back at grocery stores: Blue Cash Everyday card by American Express
I get 5% back on groceries with Citi Custom Cash
>5% cash back on my streaming, internet, and cell phone bills: Cash+ card by US Bank
same here, US Bank Cash+ is godly
>2% cash back on everything else: Fidelity Rewards card by Fidelity Investments
SoFi mastercard (no foreign fees)

pretty good list anon

[Anonymous No.54000014]

>>53992037
>doesn't know they can own more than one card
>doesn't know they can stock up on goods that can last over 6 months without going bad

[Anonymous No.54000261]

>>53997980
>>53997980
Not really applicable in this case since Apple Card doesn't require the use of a physical card--in fact discourages it. So not only is it extremely unlikely for the card to get stolen (the number is only visible in a password protected wallet app + advanced fraud protection), but the replacement would be instant.

All that aside, it is a good idea to have an emergency fund regardless of how many cards one has.