Credit cards

[BryceC]

Yes, if you want to manage all that. And begs the question: did you intend to go to Japan before you had all those points?

Truly would be a tragedy had he gone flown to Japan 1st class for free and he didn't plan on it.

I went to Maui for the Maui Invitational, flew my wife, myself, and 3 kids there for free back in 2019. I didn't plan on it but I'm certainly not going to characterize it as a bad thing that I was able to do it.

 

[matclone]

Truly would be a tragedy had he gone flown to Japan 1st class for free and he didn't plan on it.

I went to Maui for the Maui Invitational, flew my wife, myself, and 3 kids there for free back in 2019. I didn't plan on it but I'm certainly not going to characterize it as a bad thing that I was able to do it.

Too bad you missed my point. Credit card points/rewards/flights aren't truly free. You have to give up something in exchange--like buy things.

 

[BryceC]

Too bad you missed my point. Credit card points/rewards/flights aren't truly free. You have to give up something in exchange--like buy things.

Obviously. Most people buy things in the course of their lives. Obviously, if you pay any interest or buy anything you don't truly want or need just for points it's remarkably stupid. Kind of goes without saying.

 

[Ms3r4ISU]

One question for those who pay their CC off every month, We pay the amount that keeps us from paying interest every month, is,: do you pay off the total balance or just the amount that keeps you from paying interest. The one thing many people forget is that if you pay that part that keeps you from paying interest, you still have a months of charges on the credit card. My wife is nearly full time with her debit card (as a former loan officer, the debit card has protection, you can set limits to only allow so much per day and three day period, you can also only be hit for what is in your account, if the bank okays the OD, they are on the hook) Banks also get paid a different rate for credit and debit, they will push whatever they get a better kickback for, I was incharge of setting things up for our debit cards when I was a loan officer.

Sorry so late - I hadn't looked here for a long time. I pay the entire balance before the due date. Sometimes I will pay chunks earlier, especially during times like buying season tickets because otherwise, it's a huge amount out of the checking account all at once. I use Discover with cash back most of the time, other card with points (for cash or buying/trading for stuff in their online "store."

 

[matclone]

Obviously. Most people buy things in the course of their lives. Obviously, if you pay any interest or buy anything you don't truly want or need just for points it's remarkably stupid. Kind of goes without saying.

It's not obvious to everyone nor is everyone a rational actor, as you seem to want make them.

 

[Cydkar]

I actually am tighter with a credit card then cash. I hate paying that large chunk monthly so I will skip stuff with that that I may buy with that 20 in my pocket.

You are the opposite of 95% of the population. Good on you!

 

[Cydkar]

Something I've tried to do lately is even if I'm putting a restaurant $100 bill on my 3% back card, I'll leave a $20 cash tip. Such a grinding industry and if something like that can help retain staff, it makes it worth it.

Cash tip is the way to go.

 

[BryceC]

It's not obvious to everyone nor is everyone a rational actor, as you seem to want make them.

The start of the thread mentioned it. I don't think people need to have some sort of surgeon general warning on every single post in the thread.

 

[BryceC]

You are the opposite of 95% of the population. Good on you!

Weirdly I'm kind of the same way. If I have cash, for some reason I have the mentality that's it's already out of the account so it's basically already gone and accounted for. I'm much, much more frivolous with cash than I am with anything else. One reason why I purposely don't carry cash ever.

 

[Cydkar]

It's not obvious to everyone nor is everyone a rational actor, as you seem to want make them.

How is this a smart person's problem?

 

[Cydkar]

Weirdly I'm kind of the same way. If I have cash, for some reason I have the mentality that's it's already out of the account so it's basically already gone and accounted for. I'm much, much more frivolous with cash than I am with anything else. One reason why I purposely don't carry cash ever.

freaks

 

[NickTheGreat]

100% my thoughts....down to SLJ asking me wtf is in my wallet lol....

I have the Venture card. I'm going to use it as my opening line to Jennifer Garner. And my wife is just going to have to deal with it.

 

[isu_oak]

ive always used my credit card like a debit card. As soon as I see it clear on my credit card account i pay it off

Get a rewards checking account that gives 2% or better interest, and then you have a reason to not pay your monthly credit card balance until it's due.

 

[Cychl82]

This will go over well with the Dave Ramsey folks on the site….

Wondering what credit cards people have? Do you get the ones that rack up miles? Do you get the ones with a percent kick back or discounts or what do you have?

My wife and I have loosely done the Dave Ramsey thing and are fairly conservative with our spending but have been thinking of getting a percentage kick back on things that we use our debit cards for.

Any input/feedback would be appreciated!

Capital one is amazing imo

 

[StevieISU23]

Marriott's Bonvoy Credit Card-
You have to watch for the deals, but I think we got 80K points last time we signed up ($100 annual fee, to pay 1 year and cancel).
Marriott's lower-level hotel rooms (Fairfield inn, residence inn, etc) cost about 12K points each night.......so that equates to about 6 free nights at their hotels!

Not "super fancy", but Marriott's Hotels are pretty darn nice & clean.(usally free hot breakfasts too).

 

[khardbored]

Here's my current setup:


Yellow border = me; pink border = wife

 

[ClonesFTW]

Weirdly I'm kind of the same way. If I have cash, for some reason I have the mentality that's it's already out of the account so it's basically already gone and accounted for. I'm much, much more frivolous with cash than I am with anything else. One reason why I purposely don't carry cash ever.

This is exactly why casinos give players chips; much more likely to just throw more chips around a table instead of bills.

 

[jdcyclone19]

Chase Sapphire Reserve. The $550 fee seems like a lot but it's very easy to earn that money back. I also have a Hilton one that costs $100/year, and it's actually harder to justify. We're coming up on 5 years since my wife got the Reserve so now we'll probably open a Reserve in my name to get the points.

We have the sapphire preferred and partner it with the chase freedom. One of the best parts and the reason why we have the preferred is the perks. Its $95 vs the reserve but the perks also make up for that fee, for instance $50 off a hotel stay. The biggest benefit of the Chase Sapphire is when you book a rental car, this credit card offers PRIMARY rental car insurance. 3 days of a rental car an the card's fee pays for itself.

 

[CoachHines3]

Here's my current setup:

View attachment 101307
Yellow border = me; pink border = wife

can you post the real cards front and back plz

thx

 

[ImJustKCClone]

Here's my current setup:

View attachment 101307
Yellow border = me; pink border = wife

Doesn't having that many different cards mess with your FICO score?