I love credit cards so much!

[MarBee]

I know I'm not the only person on here who is not interested in trying for business cards. I don't have a business and am not interested in pretending I do.

So which non business card would you recommend?

 

[MrsAlexis]

Did anyone see the entrepreneur on Shark Tank tonight? He made a deal with Mark Cuban for his business RewardStock which is a service to maximize your points and miles for redemptions.

 

[CyndiLouWho]

CIP is unequivocally the first card I would recommend to anybody. To me it is the best and most lucrative offer out there. I’m surprised you don’t have one yet as it seems everybody has one here. (I used to feel like the only one who didn’t have one until I got under 5/24 and joined the movement).

I don’t have one but I think it will be my first card once I’m under 5/24. DH does have one.

 

[PolyRob]

I guess I could qualify that statement to say “basically everybody who is applying for biz cards has a CIP”. I do understand there are some who don’t do biz cards and that is fine.

I will be going for my first business card which happens to be the CIP next month!

 

[SouthFayetteFan]

Did anyone see the entrepreneur on Shark Tank tonight? He made a deal with Mark Cuban for his business RewardStock which is a service to maximize your points and miles for redemptions.

That was a repeat so it aired a couple months back - I think there was a thread on r/churning that probably ripped it apart LOL. I don’t actually have a strong opinion either way, but I’d be surprised it actually works effectively.

 

[elgerber]

Oh pish posh (to quote Mrs. Potts). We chalked that one app up to being cursed by lord Voldemort. You obviously killed the horcrux and are good to go with Chase now

This cracked me up!!! Trying to decide what the horcrux actually was

 

[SouthFayetteFan]

Did anyone see the entrepreneur on Shark Tank tonight? He made a deal with Mark Cuban for his business RewardStock which is a service to maximize your points and miles for redemptions.

Heres DoCs post on it for those that might be interested: https://www.doctorofcredit.com/rewa...-sharktank-loyalty-booking-tracking-platform/

 

[gottalovepluto]

Or at least Reagan and maybe Dulles and Baltimore for fun...

 

[snugglebug]

First, for my daughter:
She is AU on one of my really old (19+ yr) Navy Fed cards.
She has her own Navy Fed card that gets 1.5% back. Has had it over a year now.
Credit score should be pretty high, per NFCU she was close to 800.

She has travel-ish plans and is looking to increase her travel budget. Plans are a cruise with my sister in the next few months and joining me on my Hawaii trip that will happen eventually (she'll need to cover her flight and spending money, I'll cover her room). She doesn't want to tie up a lot of her savings in a checking acct long term just in case she needs it for car emergency or whatever. I plan to have her do an PNC acct, she's willing to tie up the $500 for 6 months. So that's a little bit toward her cruise. I'll also refer her to any other bank acct bonus that won't tie up too much money long term, though those I think will be harder to find.

She's ready for her next card. She doesn't want travel because she doesn't know her long term life plans right now (significant other is likely joining military so they need to remain flexible right now). We went over a few cards tonight and I think she needs Freedom. Would you agree? I think this is a good second card for her, she would use as cash back for now, then later when she's ready she can use it alongside a UR earning card. We looked over the bonus categories and talked about ways to maximize. I'll help her when I can. She doesn't have many expenses at all right since she lives at home and pays me for cell phone and car insurance. She has no bills, her spend consists of her groceries and her outings.

Second, we both want a higher interest savings acct to park some (small, $2Kish) money. Bonus for opening is a plus. I know there are accounts out there better than NFCU, but I haven't really paid much attention to the rates. I think she plans to keep her emergency money at NFCU and then her travel money at a higher interest acct. Or, the other way around, doesn't matter, but she needs them separate. I just want to earn more on my savings.

EDITED: NFCU card is 1.5% not 1%

 

[SouthFayetteFan]

First, for my daughter:
She is AU on one of my really old (19+ yr) Navy Fed cards.
She has her own Navy Fed card that gets 1% back. Has had it over a year now.
Credit score should be pretty high, per NFCU she was close to 800.

She has travel-ish plans and is looking to increase her travel budget. Plans are a cruise with my sister in the next few months and joining me on my Hawaii trip that will happen eventually (she'll need to cover her flight and spending money, I'll cover her room). She doesn't want to tie up a lot of her savings in a checking acct long term just in case she needs it for car emergency or whatever. I plan to have her do an PNC acct, she's willing to tie up the $500 for 6 months. So that's a little bit toward her cruise. I'll also refer her to any other bank acct bonus that won't tie up too much money long term, though those I think will be harder to find.

She's ready for her next card. She doesn't want travel because she doesn't know her long term life plans right now (significant other is likely joining military so they need to remain flexible right now). We went over a few cards tonight and I think she needs Freedom. Would you agree? I think this is a good second card for her, she would use as cash back for now, then later when she's ready she can use it alongside a UR earning card. We looked over the bonus categories and talked about ways to maximize. I'll help her when I can. She doesn't have many expenses at all right since she lives at home and pays me for cell phone and car insurance. She has no bills, her spend consists of her groceries and her outings.

Second, we both want a higher interest savings acct to park some (small, $2Kish) money. Bonus for opening is a plus. I know there are accounts out there better than NFCU, but I haven't really paid much attention to the rates. I think she plans to keep her emergency money at NFCU and then her travel money at a higher interest acct. Or, the other way around, doesn't matter, but she needs them separate. I just want to earn more on my savings.

I think a Chase Freedom is a great card for a younger person. Chase Freedom Unlimited also warrants consideration. It's great to start a relationship with Chase - not that you want to turn her into a crazy churner like some of us, but having the ability to get more Chase cards in the future could be great!

 

[SouthFayetteFan]

It's amazing what a difference 18 or so months can make in this game...

We just cancelled our last AMEX card with an AF (My wife's Delta Gold Biz). We now only have 5 AMEX cards open between us... We've gotten 21 AMEX cards combined and at one point had I think 17 or 18 of them open at once... It feels a little strange...like the end of an era in my churning career.

 

[AmyAnne]

First, for my daughter:
She is AU on one of my really old (19+ yr) Navy Fed cards.
She has her own Navy Fed card that gets 1% back. Has had it over a year now.
Credit score should be pretty high, per NFCU she was close to 800.

She has travel-ish plans and is looking to increase her travel budget. Plans are a cruise with my sister in the next few months and joining me on my Hawaii trip that will happen eventually (she'll need to cover her flight and spending money, I'll cover her room). She doesn't want to tie up a lot of her savings in a checking acct long term just in case she needs it for car emergency or whatever. I plan to have her do an PNC acct, she's willing to tie up the $500 for 6 months. So that's a little bit toward her cruise. I'll also refer her to any other bank acct bonus that won't tie up too much money long term, though those I think will be harder to find.

She's ready for her next card. She doesn't want travel because she doesn't know her long term life plans right now (significant other is likely joining military so they need to remain flexible right now). We went over a few cards tonight and I think she needs Freedom. Would you agree? I think this is a good second card for her, she would use as cash back for now, then later when she's ready she can use it alongside a UR earning card. We looked over the bonus categories and talked about ways to maximize. I'll help her when I can. She doesn't have many expenses at all right since she lives at home and pays me for cell phone and car insurance. She has no bills, her spend consists of her groceries and her outings.

Second, we both want a higher interest savings acct to park some (small, $2Kish) money. Bonus for opening is a plus. I know there are accounts out there better than NFCU, but I haven't really paid much attention to the rates. I think she plans to keep her emergency money at NFCU and then her travel money at a higher interest acct. Or, the other way around, doesn't matter, but she needs them separate. I just want to earn more on my savings.

My daughter, who's a little older than yours, was in a similar situation. The final choice was between the Freedom and the CSP--she went for the CSP because of the URs and will PC to the Freedom after a year most likely. Plus getting the CSP now starts the 4-year clock on when she can get another one (I actually didn't tell her that now -- I'll see what her financial situation is in four years).

 

[snugglebug]

My daughter, who's a little older than yours, was in a similar situation. The final choice was between the Freedom and the CSP--she went for the CSP because of the URs and will PC to the Freedom after a year most likely. Plus getting the CSP now starts the 4-year clock on when she can get another one (I actually didn't tell her that now -- I'll see what her financial situation is in four years).

I tried, I really think the CSP would be good for her and I did tell her she could redeem the points for cash so could look at it as a cash back card if she really wanted. But it was just too much. I think the spend scares her. Even though she's a college grad, she has no loans (a perk of my husband enlisting in Texas and passing benefits down to her to cover her college) and no bills. My kids are pretty lucky and getting a good start in life, way better than dh and I did.

I haven't really sat and talked with her about her budget until tonight. I was very happy to hear that she is saving a lot and is breaking her savings up between emergency and travel (something we never did). All the things no one ever taught me, my kids have been listening to me the past several years as I've learned everything and passed it down to them.

 

[SouthFayetteFan]

I tried, I really think the CSP would be good for her and I did tell her she could redeem the points for cash so could look at it as a cash back card if she really wanted. But it was just too much. I think the spend scares her. Even though she's a college grad, she has no loans (a perk of my husband enlisting in Texas and passing benefits down to her to cover her college) and no bills. My kids are pretty lucky and getting a good start in life, way better than dh and I did.

I haven't really sat and talked with her about her budget until tonight. I was very happy to hear that she is saving a lot and is breaking her savings up between emergency and travel (something we never did). All the things no one ever taught me, my kids have been listening to me the past several years as I've learned everything and passed it down to them.

I would be a little hesitant to look at a card with an AF for a younger kid starting out at “adulting”. That seems like something they need to assess and figure out on their own (just my 2 cents). I wouldn’t argue with somebody who sees it differently though

 

[snugglebug]

I would be a little hesitant to look at a card with an AF for a younger kid starting out at “adulting”. That seems like something they need to assess and figure out on their own (just my 2 cents). I wouldn’t argue with somebody who sees it differently though

She's pretty adulted (23), my most responsible. She had to figure out how to pay for her rent and food through college. But, I'm not pushing her into something she's doesn't feel ready for. My job is to explain the cards, how to use them, answer her questions, and recommend what I think she should do. We talked about SW CP, decided it wasn't worth it right now. If she had been interested in CSP, it's free the first year and I'd have her downgrade it to Freedom after that. That may be her second card, we'll see how she does with 2 cards first. We talked about using the Freedom for the bonus categories (grabbing GCs at Walgreens this quarter before heading to restaurants,etc), then the NFCU card for everything else.

Next step, maximizing her payments to me if she's ready. But that's not really worth it unless she has a 3x card for Paypal/Venmo/Plastiq. Right now she just transfers money from her acct to mine.

 

[MrPTato]

She has her own Navy Fed card that gets 1% back. Has had it over a year now.

If she is getting 1% back, have her SM them and have it changed to the cashRewards card so she can get 1.5% back. Have you looked at their current card line-up? You can PC that card to any of their current offerings except the Amex. Just a thought for more rewards. Account history won't change.

 

[wanderlust7]

First, for my daughter:
She is AU on one of my really old (19+ yr) Navy Fed cards.
She has her own Navy Fed card that gets 1% back. Has had it over a year now.
Credit score should be pretty high, per NFCU she was close to 800.

She has travel-ish plans and is looking to increase her travel budget. Plans are a cruise with my sister in the next few months and joining me on my Hawaii trip that will happen eventually (she'll need to cover her flight and spending money, I'll cover her room). She doesn't want to tie up a lot of her savings in a checking acct long term just in case she needs it for car emergency or whatever. I plan to have her do an PNC acct, she's willing to tie up the $500 for 6 months. So that's a little bit toward her cruise. I'll also refer her to any other bank acct bonus that won't tie up too much money long term, though those I think will be harder to find.

She's ready for her next card. She doesn't want travel because she doesn't know her long term life plans right now (significant other is likely joining military so they need to remain flexible right now). We went over a few cards tonight and I think she needs Freedom. Would you agree? I think this is a good second card for her, she would use as cash back for now, then later when she's ready she can use it alongside a UR earning card. We looked over the bonus categories and talked about ways to maximize. I'll help her when I can. She doesn't have many expenses at all right since she lives at home and pays me for cell phone and car insurance. She has no bills, her spend consists of her groceries and her outings.

Second, we both want a higher interest savings acct to park some (small, $2Kish) money. Bonus for opening is a plus. I know there are accounts out there better than NFCU, but I haven't really paid much attention to the rates. I think she plans to keep her emergency money at NFCU and then her travel money at a higher interest acct. Or, the other way around, doesn't matter, but she needs them separate. I just want to earn more on my savings.

The PNC account comes with a Growth account. It varies by area, but mine is 2.35-2.40% since I'm out of PNC's service area. If your area is high as well, that would be the easiest, but no additional bonus. Otherwise, maybe Discover, she can put money in, take it out, put it back in, etc cumulatively to meet the requirement. She'd have to be okay with the money being held a couple days each time it's moved though. Rate is 2.10%.

For other ideas, DoC has a great list:
https://www.doctorofcredit.com/best-bank-account-bonuses/

 

[snugglebug]

If she is getting 1% back, have her SM them and have it changed to the cashRewards card so she can get 1.5% back. Have you looked at their current card line-up? You can PC that card to any of their current offerings except the Amex. Just a thought for more rewards. Account history won't change.

My typo, it's the green one so it is 1.5. Mine is the 1%.

I want to change mine, but my son uses it and he's way far away right now. If I change mine will the old card still work? It'd take over a week to get a card to him and he can't be without a card, it's the only way he can avoid FTF right now, as far as I know from looking at his account. Now, he on the other hand, has no interest in any of this. He'll just stay on my card and he's content earning cash back for mom. But really, he's done a great job over the past year and I'd feel very comfortable with him getting his own card now.

 

[mmmears]

I guess I could qualify that statement to say “basically everybody who is applying for biz cards has a CIP”. I do understand there are some who don’t do biz cards and that is fine.

I don't have one. I'm really reluctant go apply for a business card, but even I am considering a CIP. All those points...

 

[SouthFayetteFan]

I don't have one. I'm really reluctant go apply for a business card, but even I am considering a CIP. All those points...

Many moons ago I was in that same camp. I did not get a biz card for my first couple years of churning.