What Card in Your Wallet?

#80
#80
People who don't use credit cards because "they don't want debt" are really missing out. There are so many benefits to using credit cards, buyer protection, points/cash back, accountability of purchases, ease of use, time value of money (getting free 30+ day loans on your money), and the list goes on.

"I don't want debt" is a very simple minded way of looking at it. If you don't want debt, don't get into debt. It's really that simple. If you are terrible with money, then don't use credit cards.

If you can manage your finances well, then get credit cards. If you can't, then it's probably best to stay away from them, but you will miss out on a lot of great features.
 
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#83
#83
bump thanks to VIA.

I'm new to this and looking to get a credit card. My only concern is a cc company not approving me since I have no credit history. Looking for a card with a good intro rate (even though I won't use it and will always pay it off). Many I've seen have a 0% APR intro for 12-18 months which would be great (though I doubt they give it to new guys)

*** I don't and will not buy things I can't afford. I will not carry a balance. I want to establish credit history so later on I can buy a house, etc. I also would like some perks that a CC can offer including doubling warranty of many purchases, cash back, safer purchasing online, and the like.


Because of the aforementioned, I do not care to be lectured on how CC are the devil!

Thanks
 
#84
#84
if you live where Southwest flies, try one of theres.
You can establish credit and get free flights

or if you have a family member that is military or prior service go with USAA
 
#85
#85
vol_in_ar said:
if you live where Southwest flies, try one of theres.
You can establish credit and get free flights

or if you have a family member that is military or prior service go with USAA
Click to expand...

While cool, I don't have the money to go on vacations (even if flight is free). I'm 20 right now if that helps


My 2 granddads both were in the military many moons ago. Does that count? and what perks would that give me?

EDIT: the usaa card looks pretty good if I could get it.
 
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#86
#86
If you're in college do a google search on student credit cards. It may be the easiest way to get started if you don't have much credit history.
 
#87
#87
it gives you the option of USAA issuing you a credit card, they only service military and their families...and there excellent...
Everything is online, or through the phone, I've used them since 1987 and never had an issue with them
 
#88
#88
vol_in_ar said:
it gives you the option of USAA issuing you a credit card, they only service military and their families...and there excellent...
Everything is online, or through the phone, I've used them since 1987 and never had an issue with them
Click to expand...

Interesting this gets bumped today. Had my ver first issue w them today with my insurance. They botched my fiancées coverage and are now trying to leave us on the hook
 
#89
#89
really, what happened...I've only had a few minor car issues, hail damage, and a fender bender, and I had a water leak from my refrigerator in Illinois, and they had to replace the kitchen floor, and they came through with no problems
 
#91
#91
Another AMEX guy here - the have to pay it off discipline helps. I have a gold card (from way back) but it's not worth the extra fee.
 
#92
#92
Honestly it depends on what you are looking for. I prefer to change my credit card once a year because of the offers that you can get. It doesn't do much damage to my credit, and I pay it off every month.

AAdvantage has the best promotion if you are wanting to do something like go to Hawaii. Get 30K Frequent Flyer mile points after 3,500 spent in the first 3 months. First year fee is waived. Coach tickets to Hawaii are 17.5K for a one way ticket. Get a card for you and a separate for your wife and you have a trip to Hawaii. First Class is 24.5

Southwest has a promotion right now that you can get 50K for a personal credit card and 50K for a business credit card. If you qualify for both that can give you 100K points on the start. This is enough for 4 round trip tickets. Also, if you can accrue 110,000 points in a year you get a companion pass. This is where for the rest of this year and next year for every flight that you fly with southwest you get one ticket free.

US Airways gives you 30,000 after 3,500 spent in the first three months. This isn't enough to get you to Hawaii and back. That takes around 40,000 points. Their bonus is that you get 2 companion passes immediately. $99 a piece. So if you get to 40K then you can take two people with you for $200.

Chase ink just ended a promotion giving 2% cash back and you get 30,000 points if you spend 5,000 in the first 3 months. This equals to them paying you $600. Not sure what their new deal is now, but you need to get at least 2% cash back on any card if you want to go this route.

If you are looking for a hotel credit card I suggest you look at where you are wanting to go and check the promotions offered for that city.

To answer your question my wallet has AAdvantage in it. They did a promotion that I took advantage of and got 80K points.
 
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#93
#93
vol_in_ar said:
it gives you the option of USAA issuing you a credit card, they only service military and their families...and there excellent...
Everything is online, or through the phone, I've used them since 1987 and never had an issue with them
Click to expand...

This is a misunderstanding. You can online bank and get a CC through USAA if you're non-military, you just can't get any of their insurance options(auto/home, etc.).

Personally I've got a Discover, USAA, and a Citi card.
My favorites are the Discover and USAA for customer service, ease of use(online account services), and competitiveness.
 
#95
#95
PenFed Platinum Rewards Visa - 5% CB on gas; 3% on groceries
Discover - 5% CB on rotating quarterly categories
Bank of America Visa - 4.9% APR on everything, if I need to carry a balance
AMEX Hilton HHonors - For hotel stays

Those are the ones I use, these are the ones I don't:

Home Depot CC
HHGregg CC
AMEX Blue Cash
American Eagle CC
Rooms To Go CC
Chase Freedom Visa
First Tennessee Visa (Overdraft Protection)

And then I opened another card yesterday to get 15% off of a major purchase. I'm a sucker for introductory offers. That's not counting the cards I've closed in the past several years.

You can really take advantage of credit cards, but they are dangerous in the wrong hands.
 
#96
#96
DocVOLiday said:
bump thanks to VIA.

I'm new to this and looking to get a credit card. My only concern is a cc company not approving me since I have no credit history. Looking for a card with a good intro rate (even though I won't use it and will always pay it off). Many I've seen have a 0% APR intro for 12-18 months which would be great (though I doubt they give it to new guys)

*** I don't and will not buy things I can't afford. I will not carry a balance. I want to establish credit history so later on I can buy a house, etc. I also would like some perks that a CC can offer including doubling warranty of many purchases, cash back, safer purchasing online, and the like.


Because of the aforementioned, I do not care to be lectured on how CC are the devil!

Thanks
Click to expand...

The easiest place to start is usually your local credit union.
 
#98
#98
OldandStillaVol said:
Quitting my job next month and will have to give up my corporate credit card. That leaves me down to 1 cc (MC) for personal things. I think I need another card especially for business stuff. Any suggestions on what card to get and from whom?
Click to expand...

Do you have young kids? I have a Chase Disney Visa. YOu can earn money off of your next Disney trip. They dont' expire for 5 yrs, so it gives you time to save up a nice amount if you use it a good bit. Had it almost 4.5 yrs and earned almost 1000.00 off our trip we're gonna take in Feb. We pay the card off in full every month.
 
#99
#99
jhen713 said:
Do you have young kids? I have a Chase Disney Visa. YOu can earn money off of your next Disney trip. They dont' expire for 5 yrs, so it gives you time to save up a nice amount if you use it a good bit. Had it almost 4.5 yrs and earned almost 1000.00 off our trip we're gonna take in Feb. We pay the card off in full every month.
Click to expand...

Interesting that this got bumped. Earlier this month, I just got denied a Chase Cash Back Visa Card (Internet application - they said something in writing will be sent). I have a good FICO score in the mid-high 700's, pay off my CC card every month, and have paid off my mortgage. I guess their computer program tells them that I pay off every month so that I would cost them money, hence I am denied. Still looking for another card but not with Chase.
 
#100
#100
OldandStillaVol said:
Interesting that this got bumped. Earlier this month, I just got denied a Chase Cash Back Visa Card (Internet application - they said something in writing will be sent). I have a good FICO score in the mid-high 700's, pay off my CC card every month, and have paid off my mortgage. I guess their computer program tells them that I pay off every month so that I would cost them money, hence I am denied. Still looking for another card but not with Chase.
Click to expand...

I'd call them. They may not have been able to verify your info.
 
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