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09-22-2018, 11:16 AM | #6926 | |
Scooby Newbie
Member#: 17948
Join Date: Apr 2002
Chapter/Region:
SCIC
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Quote:
Part of it is my approach to financial responsibility. I had credit card debt when I was younger. Part of my strategy to get rid of it was to stop using the card entirely. And part of it is that I despise the credit card industry. I do have a credit card, but it really is just for emergencies and business travel.
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09-22-2018, 11:25 AM | #6927 |
Scooby Newbie
Member#: 42454
Join Date: Aug 2003
Chapter/Region:
SWIC
Location: AZ
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Use something like Samsung Pay or Google/Apple version. Even Chase bank has one.
I use Samsung whenever possible. |
09-22-2018, 11:33 AM | #6928 |
Scooby Guru
Member#: 92634
Join Date: Aug 2005
Chapter/Region:
RMIC
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The best way to get back at the credit card industry is to never pay interest and get more in rewards than what fees your cards may have. But if it’s a personal issue based off of your history that’s meaningful to you because of that then there’s no rational argument.
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09-22-2018, 11:52 AM | #6929 |
Scooby Newbie
Member#: 3806
Join Date: Jan 2001
Chapter/Region:
NWIC
Location: WA
Vehicle:2010 MX-5 Touring Silver |
Free credit freezes for all!!!
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09-22-2018, 12:13 PM | #6930 |
Scooby Newbie
Member#: 17948
Join Date: Apr 2002
Chapter/Region:
SCIC
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I see folks spending their free time managing that kind of stuff. Behind it all, the credit industry is still betting against you. Not my thing.
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09-22-2018, 01:10 PM | #6931 | |
Scooby Guru
Member#: 92634
Join Date: Aug 2005
Chapter/Region:
RMIC
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Quote:
1) Is it a 5% quarterly category on the Freedom? This requires thought 4x per year. (Or is it my auto-pay cell phone or internet bills that go on the Ink Plus?) 2) If not meeting one of the above, then it goes on the Sapphire Reserve. For better or worse (since that means we spend a lot) we get far more out of the Ultimate Rewards from the Sapphire than we spend in annual fees. 3% travel/restaurants redeemed at 1.5x for travel makes that pretty easy math. |
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09-22-2018, 01:38 PM | #6932 |
Scooby Newbie
Member#: 203905
Join Date: Feb 2009
Location: MI
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This reminds me I need to get a better card. My citi dividend card used to be pretty decent, I think it only gets 1% all the time, 3% on select categories quarterly.
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09-22-2018, 01:58 PM | #6933 |
Scooby Newbie
Member#: 155207
Join Date: Jul 2007
Chapter/Region:
Tri-State
Location: Bad things happen in Philly
Vehicle:2020 MDX 2022 Odyssey |
Chase Freedom or Discover (It?) for 5% rotating categories.
AMEX Blue Cash Preferred ($95 annual fee) for 6% grocery stores, 3% gas, 1% all else. |
09-22-2018, 02:27 PM | #6934 |
Scooby Guru
Member#: 92634
Join Date: Aug 2005
Chapter/Region:
RMIC
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Also add in the lounge access benefit (so $56 between the two of us chopped off when we eat at DEN prior to a flight) and note that we spend far more than that on restaurants and travel and the math is easy. Last edited by shikataganai; 09-22-2018 at 03:03 PM. |
09-22-2018, 03:27 PM | #6935 |
Scooby Newbie
Member#: 273629
Join Date: Feb 2011
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I keep it simple, I don't travel much so the fee cards don't make sense to me.
I have an Amazon Prime Visa w/5% cashback Amazon/WF, 2% restaurants and gas and 1% on everything else as the primary card (meaning all household exp go on it) Then a USAA cash back 1.5% on everything card for personal spending. Neither card has an annual fee so the cashback is pure money in my pocket no math needed. |
10-01-2018, 09:54 AM | #6936 |
Scooby Specialist
Member#: 163519
Join Date: Nov 2007
Chapter/Region:
MAIC
Location: Richmond, VA
Vehicle:2023 GT4RS/GT3/S4 Blue/Grey/Blue |
So I just put a contract in on my first apartment building. It's an 8 unit. Very interested to see how it all goes, but my goal is to acquire $4,000,000 in multi families between now and the next 4-5 years.
I've got a couple flips going on right now, so I'll be super happy when they close out and I have more cash back in my pocket. |
10-01-2018, 10:15 AM | #6937 |
Add Lightness
Moderator Member#: 13699
Join Date: Dec 2001
Chapter/Region:
NESIC
Location: Hopkinton, MA
Vehicle:2021 Building It Better |
I tape a sticker on each card if I can't remember what the rotating or other bonus category is. So now that we're in the 4th quarter, I'm going to have to look up Discover and Freedom and change the label. Double cash and Fidelity are my baseline 2% cards.
I also do plenty of shenanigans with tradelines and low balance forgiveness, so there's that to keep track of 10 to 15 cards with. |
10-19-2018, 06:36 AM | #6938 | |
Scooby Newbie
Member#: 17948
Join Date: Apr 2002
Chapter/Region:
SCIC
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Quote:
My bank told me they were going to block any charges from Spotify (I’m not a customer), but another charge posted today. Obviously, I have to stop using my card for shopping. I’m not convinced using a credit card will improve things. Cash only? |
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10-19-2018, 07:04 AM | #6939 |
Scooby Specialist
Member#: 82243
Join Date: Mar 2005
Chapter/Region:
Tri-State
Location: Philly
Vehicle:13' BMW X3 35i |
If it keeps happening it sounds like it's either the bank that has a security exploit or the device you're using.
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10-19-2018, 10:37 AM | #6940 |
Worst Mod Ever
Moderator Member#: 369
Join Date: Oct 1999
Chapter/Region:
SWIC
Location: Phoenix, AZ
Vehicle:19 CTS-V, 18 XC90 17 GTI |
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10-19-2018, 10:45 AM | #6941 |
Scooby Specialist
Member#: 304128
Join Date: Dec 2011
Location: Baltimore
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Congrats on that. Will you be rehabbing the property and cashing out? You investing in Richmond?
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10-19-2018, 11:28 AM | #6942 | |
Scooby Newbie
Member#: 17948
Join Date: Apr 2002
Chapter/Region:
SCIC
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Quote:
Dumping my bank is a possibility, though it would be really annoying with all of my automatic debits/credits. Ugh. |
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10-19-2018, 03:58 PM | #6943 | |
Scooby Specialist
Member#: 450808
Join Date: Jul 2016
Chapter/Region:
SCIC
Location: Anaheim
Vehicle:2017 WRX Premium WR Blue Pearl |
Quote:
Right now I use these cards for the following: Costco Visa: 4% on gas, 3% on dining/travel, 2% Costco purchases BofA Cash Rewards: 2% on grocery Target Redcard: 5% off Target I'm debating on getting either the Amazon Prime Visa or the Discover IT for my next card. Leaning more towards the Discover; I applied for the Amazon in April and got denied due to lack of credit history (2 years at the time) so not sure if I would get in with another 6 months on the books. I think I'd get more use out of the Discover rotating categories; plus I plan to open online savings with Discover so it'll be the same portal to manage both. |
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10-19-2018, 04:57 PM | #6944 | |
Scooby Specialist
Member#: 295970
Join Date: Sep 2011
Chapter/Region:
Tri-State
Location: Hamilton, NJ
Vehicle:2019 STI CWP |
Quote:
Also bofa cash rewards is capped at 2500 per quarter which doesn't make sense. Wells Fargo has similar cash reward card that is uncapped. |
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10-19-2018, 05:47 PM | #6945 |
Scooby Newbie
Member#: 273629
Join Date: Feb 2011
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I've been very happy with the Amazon Visa Rewards card. We definitely don't buy everything on Amazon, but we use it for a lot, but with 2% cash back on gas and restaurants to it ends up cashing in quite a bit faster than our 1.5% on everything card.
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10-20-2018, 10:40 AM | #6946 |
Scooby Newbie
Member#: 17948
Join Date: Apr 2002
Chapter/Region:
SCIC
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I tried to deal with Spotify on this fraud issue.
“Send us details on the transactions.” I sent all that I have from my bank statements. Not good enough. “Send us your Spotify receipts.” I don’t have any. This isn’t my account. “Send us the PayPal invoices.” I don’t have a PayPal account. “Send us the credit card receipts.” I don’t have these, as they weren’t my transactions. Somehow, Spotify (or someone pretending to be Spotify) is able to consistently charge my debit card for a service I never bought using a PayPal account that doesn’t exist. And I apparently have no recourse to stop the payments. Unreal. The fact that it automatically gets moved to a new debit card is insane. I’m on my fourth card at this point. |
10-20-2018, 11:07 AM | #6947 |
Scooby Guru
Member#: 133597
Join Date: Nov 2006
Chapter/Region:
SCIC
Location: Orange
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10-20-2018, 01:39 PM | #6948 | |
Scooby Specialist
Member#: 79498
Join Date: Jan 2005
Chapter/Region:
SWIC
Location: Disdain, NV
Vehicle:2020 XV |
Quote:
What is the policy for fraudulent debt charges vs. fraudulent CC charges? |
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10-20-2018, 02:15 PM | #6949 | ||
Scooby Specialist
Member#: 450808
Join Date: Jul 2016
Chapter/Region:
SCIC
Location: Anaheim
Vehicle:2017 WRX Premium WR Blue Pearl |
Quote:
Quote:
I go to Target once a week so the REDCard is a good substitute for me for common household things, and my Costco already gives me 4% on gas and 3% on dining. I might get the Discover IT for the reasons I already mentioned, plus they match all the cashback you earn in your first year. I can churn that while I have it and then maybe get the Amazon next year. |
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10-20-2018, 06:46 PM | #6950 | |
Scooby Guru
Member#: 178811
Join Date: Apr 2008
Chapter/Region:
MAIC
Location: MoCo
Vehicle:2011 White Corolla Over 400hp |
Quote:
Chase typically limits their **** geographically so I can’t get their bonuses, but I’m churning accounts this year will end up reporting around $2000 in 1099-INT. |
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