LogFAQs > #884888093

lol why is everyone mad at me?

just a side note i just checked in online for my American Airlines flight im taking tomorrow to LA. staying at the Hyatt hotel. all of this is funded by my credit card points lol. but apparently i dont know shit about credit cards.

anyway

doublecash is great. no AF, 2% back. what more could you ask for?

a lot of churners like that reddit you got linked to (seriously take the time to read the sidebar before you start asking questions cuz they are getting toxic and will rip you to shreds if you ask "hey what's a good card?") will advocate Chase cards. the Freedom card gets 5% back on rotating categories up to 1500 dollars per quarter. lots of other cards do this (citi dividend, discover IT) but chase's points are really flexible. sure you may not like travel now, but maybe later you can, and if you get a Chase Sapphire card, you can transfer them and use them for travel at a higher redemption rate (Reserve gets 1.5x redemption). but in the meantime, you can get cash back for your UR and 1 cent per point. so 10,000 points is 100 dollars. No AF for the freedom. there's also the freedom unlimited. same card, but no 5% cash back but you get 1.5% on all purchases.

my current set up is this:
Freedom unlimited for everyday purchases at 1.5% cashback/points
Chase Sapphire Reserve for travel and dining at 3% cashback/points
Chase Business Ink Preferred for internet, phone, and paying rent at 3% cashback/points

i transfer everything to the Sapphire Reserve and redeem it all at 50% more value. its working great so far. plus the other benefits of the card (cell phone insurance from the ink, airport lounges for free from the reserve) make it waaaaay worth it. i did the math and this current set up gets me 1000 dollars worth of value every year toward travel!

Annual fees may seem like a lot, but they're more of an investment. sure i pay 550 dollars a year for my cards, but i get 1550 back from using them (thus the net 1000 in value). its a no brainer.

but i understand that sometime you dont have the capital to front the costs first, that's why the citi double cash is good, and the freedom/freedom unlimited.

but the real money comes from sign up bonuses. look on /r/churning or Doctor of Credit (a website) for the best credit card offers. usually you can get 200-500 dollars just from opening a card and spending a certain amount in a certain timeframe (ie 4000 dollars in 3 months). as l ong as you dont spend more than you would normally, it's free money. i've gotten 2000 dollars of points from chase alone just from opening their cards! Amex gave me 200 and i got even more from opening banks

then theres referral bonuses! i got 275 dollars just form people clinking my links this year!

lemme know if you have any other questions, or if tehres a card you want and ill let you know how it is. come cards like the Capital one venture are just not worth it, cuz the Double Cash exists lol.
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One in a Million, TWICE!
Dahyun is BEST.