topic Re: Gemini CC Approval -- 20k in Credit Card Approvals

Gemini CC Approval -- 20k

CreditCuriosity — Fri, 20 Dec 2024 13:51:58 GMT

Ok decided to get my 2nd card of the year today hoping that I might use it. With crypto at all times high and likely to continue to appreciate figured would get a passive investment without any $ out my own pocket to purchase it and instead earn in rewards. Lets see how much I actually use it though sounds good in theory 3% food and 4% gas which can certainly be more/less depending on how crypto is doing in general. Regardless took the byte and approved for 20k at their lowest APR. Next card will likely be Chase Ink or AA card mid next year.

DP: Experian pulled 835ish not sure exact score at time but within 5 points

1/12 this will put me 2/12.

Experian inquires on file at time: 5

Income 6 figures.

Utilization < 1%

TCL: 800kish personal

Screenshot 2024-12-20 at 8.08.40 AM.png

Re: Gemini CC Approval -- 20k

JoeRockhead — Fri, 20 Dec 2024 13:52:40 GMT

Sounds like a good strategy if you make good use of it. I've seen where there's a relatively low cap on the 4% category. Are there caps on the others? Very nice SL, congratulations on the approval!

Re: Gemini CC Approval -- 20k

CreditCuriosity — Fri, 20 Dec 2024 13:57:11 GMT

@JoeRockhead wrote:
Sounds like a good strategy if you make good use of it. I've seen where there's a relatively low cap on the 4% category. Are there caps on the others? Very nice SL, congratulations on the approval!

Believe cap on dining is 6k which I certainly will if use it as intended would meet that in 3-4 months as dining is my biggest category then just switch to AR or CSP for dining. As mentioned think Crypto and Bitcoin will continue to go up personally as a finite resource as the printing press of dollars still overheating. Also a pro crypto admin coming in without getting into politics so hoping to meet new highs.

Re: Gemini CC Approval -- 20k

DatBoiQuick — Fri, 20 Dec 2024 17:17:32 GMT

Congrats on youre approval! Im pretty sure this card also currently has a limited time $200 crypto bonus.

Re: Gemini CC Approval -- 20k

NoMoreE46 — Fri, 20 Dec 2024 18:55:34 GMT

Very neat niche card there @CreditCuriosity .

Looks like This offering is backed by the Winklevoss twins...

Re: Gemini CC Approval -- 20k

CreditCuriosity — Fri, 20 Dec 2024 20:29:51 GMT

@NoMoreE46 wrote:
Very neat niche card there @CreditCuriosity .

Looks like This offering is backed by the Winklevoss twins...

Gemini is the card is webbank. I plan on keeping my crypto earnings off their exahange and on a hardware wallet like any exchange. Usually use coinbase but they had no offering and this is certainly a niche card where right when you charge something you instantly get the crypto reward of your choice. See how it works out as needed a christmas present for myself.

Re: Gemini CC Approval -- 20k

CreditCuriosity — Fri, 20 Dec 2024 20:31:36 GMT

@DatBoiQuick wrote:
Congrats on youre approval! Im pretty sure this card also currently has a limited time $200 crypto bonus.

Yeppers on the bonus and easy to meet as have a few trips ocming up in jan/feb so ca very easiliy meet that 3k. $200 is $200 free dollars then the 3/4% on top of it. Certainly better sign up bonuses exist but if plan on using it something for nothing is good as well

Re: Gemini CC Approval -- 20k

NoMoreE46 — Fri, 20 Dec 2024 23:19:11 GMT

Yes. The twins are the founders of Gemini but they are infamous for being the original premise for Facebook while at Harvard with Zuckerberg.

Here are 2 easter eggs from the Gemini

website.

IMG_0897.jpeg

IMG_0911.jpeg

Re: Gemini CC Approval -- 20k

CreditAggie — Sat, 21 Dec 2024 02:16:37 GMT

Congratulations on your Gemini approval!

Re: Gemini CC Approval -- 20k

Meanmchine — Sat, 21 Dec 2024 02:18:57 GMT

" Ok decided to get my 2nd card of the year today hoping that I might use it. "

Put me on as an authorized user and I'll make sure it gets some use

Congrats

Re: Gemini CC Approval -- 20k

NoMoreDebt — Sat, 21 Dec 2024 12:01:21 GMT

congrats

Re: Gemini CC Approval -- 20k

woodyman100 — Sun, 22 Dec 2024 01:38:17 GMT

The big negative for me is the credit limit os also the spend limit for the month.

if you have a 20k limit that's all you get to spend for the month. No paying it off and charging it up again.

Re: Gemini CC Approval -- 20k

CreditCuriosity — Sun, 22 Dec 2024 02:22:39 GMT

@woodyman100 wrote:
The big negative for me is the credit limit os also the spend limit for the month.
if you have a 20k limit that's all you get to spend for the month. No paying it off and charging it up again.

Really? Please explain. Thanks. Granted will never spend more than 20k for a given month not sure if joking or something I don't know about this card/issuer.

Re: Gemini CC Approval -- 20k

woodyman100 — Sun, 22 Dec 2024 03:17:56 GMT

I've had this card for a while at the same 20k limit. Never paid much attention as it was a card to pad the portfolio.

earlier in the year I decided to use as a business card since I'd be running millions.

I'd charge 10k and pay it off and I would only have the remaining 10k to spend until the statement cut date. If I spent 20k then my available credit would be zero until the statement date. Even if the balance was paid to zero before the statement date, which it always was other than a minor charge.

i switched back to my Amex cards.
I'm just spitballing here but I would think it's not a Web bank stipulation but a Gemini to control the Bitcoin payout.

Re: Gemini CC Approval -- 20k

CreditCuriosity — Sun, 22 Dec 2024 13:14:36 GMT

@woodyman100 wrote:
I've had this card for a while at the same 20k limit. Never paid much attention as it was a card to pad the portfolio.
earlier in the year I decided to use as a business card since I'd be running millions.
I'd charge 10k and pay it off and I would only have the remaining 10k to spend until the statement cut date. If I spent 20k then my available credit would be zero until the statement date. Even if the balance was paid to zero before the statement date, which it always was other than a minor charge.
i switched back to my Amex cards.
I'm just spitballing here but I would think it's not a Web bank stipulation but a Gemini to control the Bitcoin payout.

@woodyman100 That is weird never heard of such a thing with any CC / Lender. Hopefully that has changed as annoying it would be.

Re: Gemini CC Approval -- 20k

NoMoreE46 — Sun, 22 Dec 2024 14:53:56 GMT

@woodyman100 wrote:
I've had this card for a while at the same 20k limit. Never paid much attention as it was a card to pad the portfolio.
earlier in the year I decided to use as a business card since I'd be running millions.
I'd charge 10k and pay it off and I would only have the remaining 10k to spend until the statement cut date. If I spent 20k then my available credit would be zero until the statement date. Even if the balance was paid to zero before the statement date, which it always was other than a minor charge.
i switched back to my Amex cards.
I'm just spitballing here but I would think it's not a Web bank stipulation but a Gemini to control the Bitcoin payout.

Interesting @woodyman100.

So Gemini/WebBank delays access to that payment/available credit Until the Statement end date?

Re: Gemini CC Approval -- 20k

firefox100 — Sun, 22 Dec 2024 17:29:25 GMT

.......congratulations on very nice approval.

Re: Gemini CC Approval -- 20k

woodyman100 — Sun, 22 Dec 2024 17:45:06 GMT

This has been my experience.

@NoMoreE46 wrote:
@woodyman100 wrote:
I've had this card for a while at the same 20k limit. Never paid much attention as it was a card to pad the portfolio.
earlier in the year I decided to use as a business card since I'd be running millions.
I'd charge 10k and pay it off and I would only have the remaining 10k to spend until the statement cut date. If I spent 20k then my available credit would be zero until the statement date. Even if the balance was paid to zero before the statement date, which it always was other than a minor charge.
i switched back to my Amex cards.
I'm just spitballing here but I would think it's not a Web bank stipulation but a Gemini to control the Bitcoin payout.

Interesting @woodyman100.

So Gemini/WebBank delays access to that payment/available credit Until the Statement end date?

Re: Gemini CC Approval -- 20k

NoMoreE46 — Mon, 23 Dec 2024 00:33:31 GMT

Thanks @woodyman100 .

From Gemini:

How to Make a Payment to my Gemini Credit Card – Gemini

gemini payment terms.png

Re: Gemini CC Approval -- 20k

CreditCuriosity — Mon, 23 Dec 2024 01:13:41 GMT

@NoMoreE46 wrote:
Thanks @woodyman100 .

From Gemini:

How to Make a Payment to my Gemini Credit Card – Gemini

gemini payment terms.png

Strange policy I can understand a day or two hold but available credit till next statement is nuts. What will make me upset is say i charge 10k and pay it off and statement show 50% utilization for month I don't think that is case though. Wonder why they would avoid paying multiple times. a month if needed to keep purchasing power up. Especially ofr people that get low limits of 1-3k type of thing. I can work with 20k but I am not really the normal on this card these days on amount. I guess I will make a payment in a few days and see how long it takes to post and if it shows available credit update when it does post. I am doing pull method so see how that works out.