Unofficial CREDIT CARD Information Thread

Discussion in 'Business, Careers & Education' started by HomerJ, Sep 2, 2011.

  1. EH1899

    EH1899 Member

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    I just have a Visa through my credit union. I use to have an Amex blue, but I paid it off and closed the account. I since decided I'd like it again, but every time I apply, they reject me. I think they're like a woman scorned.

    I've been considering a good 2nd (back-up) credit card, but not sure what would be good. Maybe another Visa...or maybe Diner's Club.
     


  2. NorCal

    NorCal Senior member

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    What can you do with the points and can you combine them with points from other cards?
     
    Last edited: Sep 8, 2011


  3. HomerJ

    HomerJ Senior member

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    With Chase I send myself a check or get a credit statement. If you book travel through their travel center you can redeem at 125% value (Citi is 133%).

    I suppose each bank will combine points with itself, Chase + Chase, Citi + Citi. For transfer outside the bank, Chase is 1:1 with a few like Hyatt, Continental, etc. I know little about Citi.

    Applying for these 2 cards is like picking up $1000 laying on the ground.
     
    Last edited: Sep 8, 2011


  4. uhurit

    uhurit Senior member

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    I buy lots of stuff at Amazon, so Amazon CC thru' Chase is a great deal, points and rewards
    Also, Chase Freedom, great rewards program
     


  5. NorCal

    NorCal Senior member

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    They sound shady:http://www.ripoffreport.com/directory/spirit-incentives.aspx

    And therein lays the problem. I've never used points for anything, I get some cash back with Discover and I have the Amazon card, which jsut gives me points/$$ straight to my Amazon bill.
    I can't help wondering if the whole thing is just a total pain in the ass and not really worth it for what I actually get. I mean, will they just cut me a 500$$ check for the 50k in points? Or do I have to use them for certain items?
     
    Last edited: Sep 9, 2011


  6. deadly7

    deadly7 Senior member

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    As far as points go, Citi makes it very easy to redeem them. They have a website that you redeem them from, it takes about 5 minutes. You can get $$$, gift cards (eg: Macy's, gas stations, etc), airplane tickets, etc etc. I haven't used them for airfare, but cash and gift cards were easy. HomerJ may have more insight though.
     


  7. NorCal

    NorCal Senior member

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    ...
     
    Last edited: Sep 10, 2011


  8. NorCal

    NorCal Senior member

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    ...
     
    Last edited: Sep 10, 2011


  9. dunkindonuts

    dunkindonuts Member

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  10. Dashaansafin

    Dashaansafin Senior member

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    Just got my Amex blue. I always thought that was the best rewards program if you dont travel much.
     


  11. Big Pun

    Big Pun Senior member

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    What would you guys recommend for an 18 year old that just wants to build good credit? Any cards without fees?
     


  12. HomerJ

    HomerJ Senior member

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    Amex Blue Cash? Good call.

    Blue Cash Preferred has very good cashback on everyday spending.
    Grocery = 6%
    Gas, Department store = 3%
    Everything = 1%
     
    Last edited: Sep 11, 2011


  13. musicguy

    musicguy Senior member

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    There are plenty of cards without annual fees. In fact, most cards don't have an annual fee. I would recommend just getting any card with a low APR and pay it off in full every month. My parents gave me a credit card when I was in my mid teens in order to build credit. I never used it really. I have a really high credit score now.

    This is great for the US, but now that I'm in Chile, I have to start all over. My US credit means squat over here and I can't even get a bank account unless I have temporary residency with my passport stamped and a chilean RUT (equivilant of a SSN). Chile makes banking difficult for expats.
     


  14. stevent

    stevent Senior member

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    HSBC Premier is in Chile I think, should solve your problems.
     


  15. dunkindonuts

    dunkindonuts Member

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    HomerJ, where did you find these offers? I checked the websites for both cards and the rewards advertised are slightly different to what you said they were. Maybe they changed it after many people jumped on it?
     


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