Otherwise you shouldn’t have any problem explaining the mileage game to a mortgage officer in case they ask why you have so many lines of credit. In fact if you are using your credit wisely your score should be excellent even if you do open lots of credit cards, which will mean you’ll get the lowest possible interest rates. … [Read more...] about Building Credit And Credit Card FAQs: Your Questions Answered
Credit cards offering most cash back
Capital One® Spark® Miles for Business 50K miles for spending $4,500 in 3 months. 2 miles per dollar on all purchases. Free Global Entry/Pre-Check. $0 intro annual fee, then $95. Read more here. Price protection up to $500/item and $2,500 per year within 60 days of purchase. This is also available on the Spark Miles Select Card with no annual fee and on other Capital One Mastercards. Capital One® Spark® Cash for Business $500 cash back for spending $4,500 in 3 months. 2% cash back on all purchases. $0 intro annual fee, then $95. Price protection up to $500/item and $2,500 per year within 60 days of purchase. This is also available on the Spark Cash Select Card with no annual fee and on other Capital One Mastercards. Capital One® Savor® Cash Rewards Credit Card $300 cash back for spending $3,000 in 3 months. 4% cash back on dining and entertainment, 2% cash back on groceries, 8% cash back on Vivid Seats through 5/31/20. $0 intro annual fee, then $95. … [Read more...] about Which Credit Cards Still Offer Price Drop Protection?
Frankly AMEX dispute resolution may be too good. I had one person dispute the $13 they paid for on an AMEX to attend a DansDeals seminar (the full proceeds of which were donated to charity). When I asked the attendee why they disputed the charge they said that they just didn’t recognize the charge, so they disputed it. He called AMEX right away to drop the dispute, but by that point it was too late and they refunded him the money and I got hit with a chargeback fee on money I had already donated. … [Read more...] about Just How Amazing Are AMEX Credit Card Protections?
Both cards currently offer their highest ever signup bonuses that are practically unheard of on no annual fee cards. It’s unknown if the signup bonus offer will be changing. Previously the Ink Cash signup bonus was $200-$300 in the form of 20K-30K Chase Ultimate Rewards points. … [Read more...] about Rumor: Changes Coming To The Lucrative Chase Ink Card Offers Tomorrow
Another benefit of the card not reporting on your personal credit report is that when you spend money on personal cards your credit score will be hurt even if you pay your bill on time. A whopping 30% of your credit score is based on credit utilization. You can pay off your card bill before your statement is generated to avoid that, but that takes effort and laying out money well before you have to. Additionally it’s good to have the statement close with a couple dollars to show the card is active and being paid every month. On an business cards from banks like AMEX and Chase it’s just not reported, so you can wait until the money is due without it having a negative effect on your score. That also means if you close the card, it won’t have an effect on your credit score. … [Read more...] about Rumor: Changes Coming To The Lucrative Chase Ink Card Offers
The Marriott Bonvoy Business™ American Express® Card is offering targeted cardholders 7.5K points for every month that you spend $5K for up to 6 months. You’ll effectively earn 3.5 points per dollar on tax payments, which would be worth 2.625% back at a value of 0.75 cents per point. This card will also offer a 2nd annual free night for spending $60K in a calendar year starting on 3/28. This card also offers Marriott Gold status for spending $35K in a calendar year. The discontinued Marriott Bonvoy Consumer AMEX is offering 25K bonus points for each $25K spent in 2019, up to $100K. You’ll effectively earn 3 points per dollar on tax payments, which would be worth 2.25% back at a value of 0.75 cents per point. The Marriott Bonvoy Brilliant Consumer AMEX (and the discontinued Ritz-Carlton card) offer Platinum status for spending $75K in a calendar year. You’ll need to determine how to value having Platinum status to see if its worth putting tax … [Read more...] about 2019: Is It Worth Paying Your Taxes On A Credit Card To Earn Miles? A Breakdown By Card Benefits