/biz/ - Business & Finance

[Anonymous No.18884336]

What’s your preferred Good Goy Points™ credit card? For me it’s Chase Preferred, but I know a lot of higher up in execs swear by Amex.
>inb4 NEET seething about credit cards and anything other than crypto

[Anonymous No.18884869]

>>18884336
Okay, can you redpill me on the benefits of either?
Call me stupid, but all I see is a card that costs $500 a year that isn't any better than my discover card that gets 5% matching on rotating categories and 2% matching on everything else
What makes it with it too fork out the extra half a grand per year?

[Anonymous No.18885213]

[Anonymous No.18885408]

>>18884336
I have the platinum and will be closing it this week. No point of having it when airports are shut down for the foreseeable future and my annual fee coming up.

[Anonymous No.18885511]

>>18884336
I have no fucking clue what "points" mean so I only go for cash back cards (I don't travel enough for miles cards)

With that said, citi doublecash is nice. 2% CB on everything.

[Anonymous No.18885537]

>>18884336
Mutt /Thread

[Anonymous No.18885590]

>>18884336
>pay us $550 every year for things you will never use

[Anonymous No.18885603]

>>18885590
For you. Believe it or not, some people travelled a lot prior to this lockdown.

[Anonymous No.18885649]

>>18884336
Literally none of those benefits are worthwhile. Plus credit cards are for the poor

[Anonymous No.18885654]

If you "travel frequently" for any reason other than business you might be financially retarded

[Anonymous No.18885676]

>>18885603
5 points just means 5% off your flights, and you don't even get it back in cash, but in points you can only spend on more plane tickets. So you'd have to spend at least $10k a year in flights just to break even.

[Anonymous No.18885704]

>>18884336
Points cards exist to incentivize women to spend more by dangling an exotic vacation in front of their faces. Flat cash back no fees is the only sensible option for the overwhelming majority of people.

[Anonymous No.18885720]

>>18884869
I have a discover cash back as well. It’s capped at $1500 per bonus category each quarter, also its only the bonus category. Otherwise you get a paltry 1% back. Still a useful card to have and one of the better with no annual fee.
>>18885511
I thought about getting the double cash until I saw that there’s a foreign transaction fee. If you only buy domestically (even online, if you buy from a foreign retailer they can charge a foreign fee), though, that’s as good as it gets for flat cashback.
Points are basically cashback, you can still redeem them for straight cents but you can also transfer them to frequent flyer programs and similar loyalty programs, and they’re often worth more than just straight cash that way. If you don’t travel much, cashback tends to be fine, though.
You also get extremely good travel insurance if you book a trip with premium cards. Normally travel insurance is a rip-off, but when it comes with the card itself, not a bad thing to have.

>>18885408
Are AmEx lounges as good as advertised? I’ve never had an AmEx.

[Anonymous No.18885735]

>>18884336
Seems kinda useless if you don't travel a lot. I'm happy getting my 2-5% back with no fees from my lowly peasant cards.

[Anonymous No.18885777]

>>18884336
amazon prime visa
it's based

[Anonymous No.18885799]

>>18885720
Amex lounges are top notch. Unfortunately too many people get in now with the expanded card enrollments. We’ll see what it looks like post corona.

[Anonymous No.18885828]

Get a Crypto.com card. They’re infinitely better than this shit and get you all the airport lounge you could want.

[Anonymous No.18885837]

>>18885676
You get deals when you book with points through the Amex travel site and along side that other perks for frequent travellers like upgraded elite level hotel memberships and car rentals as well as other perks like statement credit offers for Uber, wine, offers with merchants. Also $200 annual travel credit which actually reduces your actual annual fee.

Then you get into airport lounges for free. There’s probably a lot of stuff I’m not even mentioning like insurance and stuff too.

[Anonymous No.18885874]

>>18885735
Not peasant at all, It’s good to have no fees cards in your back pocket. My stack is a Chase Preferred (lower level version of the Reserve in the picture I posted to start the thread) that gives 2 points on dining and travel, a Chase Freedom Unlimited that gives 1.5% cash back (which I always convert to points via the Preferred because the points have higher cash value if you use them right), a Chase Freedom that doesn’t 5% on rotating categories, a Discover It Cash Back that does other rotating categories at 5% cash back, and a Capital One SavorOne for the extremely rare instance where a merchant takes MasterCard but not visa (this happened to me twice in Europe). Only the preferred has an annual fee. I pay for vacations every year with my points/cashback and interest from savings.

[Anonymous No.18886626]

I just have a couple of different zero annual fee cards that have different rewards categories to maximize cash back.
I have a discover it card for the 5% rewards categories, a capital one card with 1.5% on everything, an amazon card and an apple card (for apple pay bonus points).
>>18885704
This
frivolous travel is financially retarded woman behavior, I seriously hope none of you do this.