If it is no annual fee, don't ditch it. Just toss it in a drawer.
Keep the age and limit live on your report.
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If it is no annual fee, don't ditch it. Just toss it in a drawer.
Keep the age and limit live on your report.
Sweet, thanks! You seem to have a lot of credit card knowledge lol
I just hate paying full price for anything.
Credit is a system that builds on itself. The more you have, the easier it is to get.
So, very specific question born mostly out of curiosity than anything else:
some credit cards give extra cash back or bonus points for streaming services, Apple Music being one of them. But Apple Music, at least for me, comes through as any random iTunes bill. How do the merchants sort the transactions to find out what is AM versus literally anything else I buy digitally?
some credit cards give extra cash back or bonus points for streaming services, Apple Music being one of them. But Apple Music, at least for me, comes through as any random iTunes bill. How do the merchants sort the transactions to find out what is AM versus literally anything else I buy digitally?
Aside from the rotating categories with Discover and Freedom, Sam's Club or Costco if you're a member of either.
That is true. The Apple Card is not a very good card if you care about rewards.
How does the lounge pass work if you have a family? I was thinking of dropping my delta sky miles and upgrading my chase sapphire but it doesn't look like chase travel rewards work for delta.
You get to bring.......3 people with you? Maybe 2. It certainly let me and my fiance in.
Still better than most and worth it for your data not being sold.
but of course it's Apple so you'll see criticism regardless
I could see doing it if I could bring my wife and son. But otherwise it would be fucked if it was just me in the lounge by myself. Lol
Canadian checking in.
I've got an Amex Cobalt I use for all my daily purchases and a standard no-fee bank VISA for all my purchases where Amex isn't accepted. I prefer cashback over travel rewards - are there better cards out there that anyone could recommend?
I've got an Amex Cobalt I use for all my daily purchases and a standard no-fee bank VISA for all my purchases where Amex isn't accepted. I prefer cashback over travel rewards - are there better cards out there that anyone could recommend?
It's better than all non rewards cards and pretty decent as a rewards card.
people who use Apple pay for everything will see the most cash back
I use Apple Pay for everything and get better cash back.
This reason doesn't make sense because you can add almost any card to Apple Pay.
If you got a better percentage from AP purchases I might have considered it.
again this is a terrible rewards card compared to what's available to you if you truly want to maximize cash back/points
Closing an account will hurt your credit and shorten your average account length, which is another component to your score. Which means you're essentially getting dinged twice. The latter hurts worse long term because you want a long average of open account lengths.
It's usually not a good idea to close a credit card account unless you absolutely have to. I'd try calling them and seeing if you can upgrade the card to a no fee type that the company may provide for other customers. Worth a shot.
It will help your age if it's a relatively new card. I'm tempted to close out my Slate so I can get the bonus again if I ever need it.
It's no Chase trifecta of course. IMO if you're a heavy apple pay user then the 2% is pretty nice, the 3% on apple things (software/services and hardware) is nice, and the no-fee + fancy metal card is nice too.
I think the Fidelity Rewards 2% back on everything is the closest equivalent
A lot of people also just don't have the patience/attention span to deal with rotating categories every month, a flat rate can be perceived as more convenient, in a "set it and forget it" way
for FICO, closed accounts are included in average age unless/until they fall off (7-10+ years). The only immediate hit is to utilization
vantagescore does not include them though (or so I've read -- not that anyone should worry too much about their VS)
vantagescore does not include them though (or so I've read -- not that anyone should worry too much about their VS)
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No everyone takes Apple Pay. And there are cards (Citi Double Cash, PayPal MC) that give a flat 2% back on everything. So you get your 2% back when using Apple Pay and you still get your 2% back when shopping at places that don't use Apple Pay (vs the Apple Card's 1% back).
If the Apple Card offered a flat 2% EVERYWHERE and then offered 3-6% back as an Apple Pay incentive it would be more competitive with standard rewards cards.
Right now the rewards it offers require extra work for no benefit.
Apple Card is upping its 3% category in the near future, starting with Uber and Uber Eats. The Uber credit card, for reference is 2% back on Uber rides and 4% back on Uber Eats.
They should just make it 3% for all online purchases then it'd be viable over the BoA card.
The BoA card gives you 3% off online, and that includes app based purchases like Uber and food delivery services (Uber Eats, Postmates, Door Dash etc) and even digital subscriptions.
I was able to get the regular bank of america cash rewards and the WWF version. Got the sign up bonus twice! I'm planning on using one as a gas card and one as an online purchases outside of amazon card since I can set the 3% category seperately. Compliments the chase cards I have well.
I have a citi double cash card right now that I'm debating getting rid of. It's not my oldest and doesn't have a huge line of credit, so it's kinda useless at this point. I kept it around in my wallet so I would have a Mastercard to go with my Visas, but the BoA card that I use for gas can fulfill that purpose now. Would be nice to keep the places I manage my cards to two since I just added BoA.
I have a citi double cash card right now that I'm debating getting rid of. It's not my oldest and doesn't have a huge line of credit, so it's kinda useless at this point. I kept it around in my wallet so I would have a Mastercard to go with my Visas, but the BoA card that I use for gas can fulfill that purpose now. Would be nice to keep the places I manage my cards to two since I just added BoA.
How would I go about getting a lower interest rate? I'm still using the first credit card (Amazon Card through Chase) I got years ago which has a APR of 24% I believe.
Would it be worth it to try to get a lower interest rate on this card or just apply for another?
Would it be worth it to try to get a lower interest rate on this card or just apply for another?
You can call them. If your credit is good now you could prob get better.
Of course some big rewards cards have permanently high interest rates
Just make sure you don't get hit with it of course
Why are you trying to lower your interest rate?
If you're thinking about a big purchase you can't pay off, you would be way better off using an introductory rate on a new card.
You really shouldn't be carrying a balance on a credit card. At that point, you don't worry about the interest rate.
I had to put a large mandatory bill on it for my vehicle a few days ago that I don't think I'll be able pay off within the month.
It'll be paid off entirely before or during October, but I'm worried about the interest for that time period.
Find a 0% card with balance transfer. Bank Of America Rewards does I think. I just know because I recently signed up. I kind of feel like a shill for them right now...
You can try asking, but I would be worried that it would only apply to purchases going forward. It may be too late for that one.
All but one or two of them have a transfer fee (Slate and one of the Amex cards, IIRC). We're talking about less than 2% of a fee appearing on his October bill, so it really wouldn't be worth it.
The latest card I got was the Uber Visa last month.
How long should I wait before applying for another credit card? (I currently have the Uber Visa, Discover It, and Amazon Prime Visa as my set-up, and two other cards that I don't use regularly).
Since I don't have any of the Chase Trifecta cards, is it worth only getting one?
How long should I wait before applying for another credit card? (I currently have the Uber Visa, Discover It, and Amazon Prime Visa as my set-up, and two other cards that I don't use regularly).
Since I don't have any of the Chase Trifecta cards, is it worth only getting one?
If you get more than 5 cards in 24 months Chase will auto decline apps. Get Chase cards, then get others.
I should be good then, think I've only opened two in a 24 month period.
I'm looking at the Chase Freedom, does their 5% schedule overlap with Discover's? And any notable special perks?
Amex has a 40% transfer bonus to Avios until October 1. I'm working on the min spend for the Plat right now with a statement closing date on the 22nd. If I hit the mind apend before Sep 22, will I get the bonus points right away? I know that's how UR bonuses work.
I know Amex is touchy about MS, but am I okay Venmoing my wife if I end up a few hundred short? Even a $30 fee would be well worth it for 40,000 bonus Avios.
I know Amex is touchy about MS, but am I okay Venmoing my wife if I end up a few hundred short? Even a $30 fee would be well worth it for 40,000 bonus Avios.
Bank of America seems to be ending their option for you to generate virtual card numbers?
Most companies have. People rarely use it.
Didn't even know BoA did it.
I'm sure this has been asked a billion times so I apologize in advance, but it's been kind of difficult for me to find a straight answer to this (that's not from PayPal itself):
Does using a credit card through PayPal mean you still earn all the categories-based rewards you would expect? All my cards are cash back card so I'm very sensitive to merchant categories. I also don't like plugging in my card number whenever possible so I try to use some kind of digital wallet (Apple Pay, PayPal). I know Apple Pay just presents your card in a different way so the categories remain untouched, but PayPal transactions always have "PAYPAL" affixed to the front of them so I'm wondering if that messes with this sort of thing.
Thanks in advance.
Does using a credit card through PayPal mean you still earn all the categories-based rewards you would expect? All my cards are cash back card so I'm very sensitive to merchant categories. I also don't like plugging in my card number whenever possible so I try to use some kind of digital wallet (Apple Pay, PayPal). I know Apple Pay just presents your card in a different way so the categories remain untouched, but PayPal transactions always have "PAYPAL" affixed to the front of them so I'm wondering if that messes with this sort of thing.
Thanks in advance.
Most credit cards let you click on the transaction to see what category it lands in, no?
So I've started to finally build credit a bit more yet I only have two CC's and am an amateur at rewards. I use my Wells Fargo cards I was initially issued and have been using a chase freedom unlimited for about 10 months.
I would love to build towards traveling. I spend money on clothes, eating out and of course gas like any good Californian. Any tips here?
I would love to build towards traveling. I spend money on clothes, eating out and of course gas like any good Californian. Any tips here?
Most do, yes. I went back and found some on one of my cards, and it looks like most of the time the merchant category comes through correctly, but sometimes it gets received as "computer network/information systems" (at least according to Discover) which they definitely are not. So, yeah. I guess not all the time for whatever weird reason?