Vinen
God is dead
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Correct. Sorry for the lack of explanation. I've had my card stolen too many times to trust utilizing my debit card. THX Taxi Cabs in Vegas...
Best Credit Card with Cash Back Rewards
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The consumer protection laws are also much better withcreditcards then debit cards. No intelligent person advocates using the actual "credit" part of thecreditcard. You pay that shit off in full every month. Or, at worst, sign up for a zero interest card, put a major purchase on it, and pay the minimum every month and make sure it is paid off before interest kicks in. You usecreditcards because of the rewards, the safety factor, and the convenience of carrying no or very little cash.
Mycreditscore is stellar, but the only thing holding me back from borderline perfection is that... I don't have enoughCreditCards. According toCreditKarma, I need to have 22+ accounts in my name to be given an "A" rating in Total Accounts. I need at least 6 to get a "D" -- guess I'll Fail for a while.
Vinen
God is dead
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Noodleface
A Mod Real Quick
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I thinkCreditKarma is tocreditscores as Wikipedia is to reference material. Good starting point, but don't hold it as gospel.
Vinen
God is dead
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Noodleface
A Mod Real Quick
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CreditKarma is mostly accurate on my stuff. I don't have a lot of open accounts though - bank, 1creditcard, 1 car, 1 mortgage, 17,000,000 student loans
Noodleface
A Mod Real Quick
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Harfle
Lord Nagafen Raider
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Noodleface
A Mod Real Quick
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Amzin
Lord Nagafen Raider
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I used to have acreditcard from my local bank that had negligible rewards, just used it/paid it off every month for the benefit there. Now my wife and I both work, looking at maybe starting to take real vacations next year, and curious what would be the best card to get to start building some rewards. International flights are most likely our first destination choices (England, for example) so is something that gives high % but just for miles worth while? Otherwise, reading through this thread, it mostly looks like that Sally Mae card is solid? Chase Sapphire looks appealing but it implies a $90 yearly fee which I am not a fan of.
Amzin
Lord Nagafen Raider
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Only if the amount I save minus the fee is greater than a card without a fee in the first place. It adds another layer on which is just annoying, and $90 is nothing to sneeze at. I'm new to all this so I have no idea of the value of miles earned, for example (if that's even how it still works)
I crunched all the numbers, and the bank of america card visa gives you the most money if you don't care about flight points.
Usually you can apply that card with other cards to give you even more savings back. Such as the starbucks card with your visa etc.
Every 300 bucks they give you around 475 if you wait to cash it in at 300 so you easly average 500+ a year if you use yourcreditfor everything.
Now if you do care about mileage, and have goodcreditAmerican Express is the way to go.
Usually you can apply that card with other cards to give you even more savings back. Such as the starbucks card with your visa etc.
Every 300 bucks they give you around 475 if you wait to cash it in at 300 so you easly average 500+ a year if you use yourcreditfor everything.
Now if you do care about mileage, and have goodcreditAmerican Express is the way to go.
You need to get off that debit card like now. If you look at the rewards for debit cards even with gas they are minuscule over the whole year.
Creditcards are the way to go if you are responsible, and pay it off at the end of the month.
The rewards are just way too high, and maxing yourcreditscore is never a bad thing.
Noodleface
A Mod Real Quick
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Been using mostly just thecreditcard now. The rewards are already pretty amazing. Think I saved $100 off my first months bill with the introductory rewards.
Convo
Ahn'Qiraj Raider
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Jumping into this late and it sounds like some of you guys have a pretty good grasp on all this. Just curious where this card ranks among the more popular choices? I've had it for years now and never really thought to pay all my bills with it. But it makes sense heh! I need to pay it off first then start fresh with bills and shit to not get the interest.
CreditCards | FedChoice FederalCreditUnion
CreditCards | FedChoice FederalCreditUnion
1% on everything is basically bottom of the barrel. Most good rewards cards offer 1% on everything AND 3-5% on a particular category. The Priceline Visa is 2% on everything and 5% on certain other things.
Check out the thread linked earlier to the Fatwallet sticky. To maximize rewards you really need ~3-5 cards that cover all your common spending categories.