topic Re: Best card to have in Credit Cards

Best card to have

Anonymous — Fri, 13 Nov 2015 07:13:16 GMT

whats the best card with most reward back (cash) to get my credit score is a 810 strong I have about 68000 in credit card debt taking advantage of the 0% interest

ehat would be the best card to get per u guys recommendation??

Re: Best card to have

Anonymous — Fri, 13 Nov 2015 07:16:44 GMT

If you have 68k in CC debt you don't need another one

Re: Best card to have

Anonymous — Fri, 13 Nov 2015 07:24:28 GMT

@Anonymous wrote:
If you have 68k in CC debt you don't need another one

Guess u didn't read the whole thing huh?? I have 68000 in credit card balance for the 0% for 21 months... 68000 isn't even 10% of my utilization...

Re: Best card to have

OmarGB9 — Fri, 13 Nov 2015 07:25:14 GMT

No offense, but how do you have a score above 810 with $68k in debt? Unless you have a thick file and total credit lines over $200k.

I would focus on paying that down before chasing rewards cards.

Re: Best card to have

Anonymous — Fri, 13 Nov 2015 07:32:12 GMT

@OmarGB9 wrote:
No offense, but how do you have a score above 810 with $68k in debt? Unless you have a thick file and total credit lines over $200k.

I would focus on paying that down before chasing rewards cards.

Yes my total credit line is around 740k or something like that between 13 credit card most recent credit card being SAMs club mc got the SAMs club card cuz I thought it's 5% for all purchases made at SAMs club but realize after its only for gas profile is pretty thick... For 15 years have 12 home loans 4 car loan a boat loan and a jet ski loan ( 4 jet skis 2 trailer) those r only my personal not including business

Re: Best card to have

FinStar — Fri, 13 Nov 2015 07:40:47 GMT

@Anonymous wrote:
whats the best card with most reward back (cash) to get my credit score is a 810 strong I have about 68000 in credit card debt taking advantage of the 0% interest
ehat would be the best card to get per u guys recommendation??

OP, I would assume you're a high-income earner? Is the $68K debt strictly focused on one card or several cards with the 0% APR promotion? What is your highest CL and current utilization? I'm assuming you want uncapped cash rewards? Do you already have a Fidelity AMEX or Citi Double Cash Back?

Re: Best card to have

Anonymous — Fri, 13 Nov 2015 07:54:28 GMT

I have citi already the 68k is on 2 card only 2 card I carry balance highest limit on a single card is 75k most recent card is SAMs club mc with 35k Victoria secret for 28k and gap for 35k Victoria secret gap and lowes is only store card I have

Income is high my credit line is at about 66% of income

debt

68k credit card

5 million or so home loan

450k car loan

240k boat loan

80k jet ski loan

thats pretty much what credit (debt) profile looks like

looking for best card with highest %cash back and no cap

Re: Best card to have

Anonymous — Fri, 13 Nov 2015 07:58:52 GMT

Also haven't really look into these credit stuff till now when I got on forum. Still don't really understand the main thing of how some have like a 850 score all across. Before didn't really care about score all I cared about is being able to get stuff financed when I want it like houses and toys

Re: Best card to have

FinStar — Fri, 13 Nov 2015 08:02:06 GMT

@Anonymous wrote:
I have citi already the 68k is on 2 card only 2 card I carry balance highest limit on a single card is 75k most recent card is SAMs club mc with 35k Victoria secret for 28k and gap for 35k Victoria secret gap and lowes is only store card I have
Income is high my credit line is at about 66% of income
debt
68k credit card
5 million or so home loan
450k car loan
240k boat loan
80k jet ski loan
thats pretty much what credit (debt) profile looks like
looking for best card with highest %cash back and no cap

Ok, I asumme your income is pretty high based on what you've listed. So, besides Sams Club MC, Victoria's Secret (that CL can buy lotsa panties!!! ) and GAP, what are your other 10 tradelines? Which Citi card(s) do you have?

Re: Best card to have

Anonymous — Fri, 13 Nov 2015 08:15:22 GMT

@FinStar wrote:
@Anonymous wrote:
I have citi already the 68k is on 2 card only 2 card I carry balance highest limit on a single card is 75k most recent card is SAMs club mc with 35k Victoria secret for 28k and gap for 35k Victoria secret gap and lowes is only store card I have
Income is high my credit line is at about 66% of income
debt
68k credit card
5 million or so home loan
450k car loan
240k boat loan
80k jet ski loan
thats pretty much what credit (debt) profile looks like
looking for best card with highest %cash back and no cap
Ok, I asumme your income is pretty high based on what you've listed. So, besides Sams Club MC, Victoria's Secret (that CL can buy lotsa panties!!! ) and GAP, what are your other 10 tradelines? Which Citi card(s) do you have?

Citi AA and double cash

cap1 QS and venture

chase slate and freedom

discover cash

american express blue cash

bank of america

Wells Fargo

i really want the black American Express but I don't think I will ever spend 250k in a year on the card. Card I use most is the QS Amex and discover for personal and spark for business

Re: Best card to have

FinStar — Fri, 13 Nov 2015 08:50:28 GMT

@Anonymous wrote:

@FinStar wrote:
@Anonymous wrote:
I have citi already the 68k is on 2 card only 2 card I carry balance highest limit on a single card is 75k most recent card is SAMs club mc with 35k Victoria secret for 28k and gap for 35k Victoria secret gap and lowes is only store card I have
Income is high my credit line is at about 66% of income
debt
68k credit card
5 million or so home loan
450k car loan
240k boat loan
80k jet ski loan
thats pretty much what credit (debt) profile looks like
looking for best card with highest %cash back and no cap
Ok, I asumme your income is pretty high based on what you've listed. So, besides Sams Club MC, Victoria's Secret (that CL can buy lotsa panties!!! ) and GAP, what are your other 10 tradelines? Which Citi card(s) do you have?
Citi AA and double cash
cap1 QS and venture
chase slate and freedom
discover cash
american express blue cash
bank of america
Wells Fargo
i really want the black American Express but I don't think I will ever spend 250k in a year on the card. Card I use most is the QS Amex and discover for personal and spark for business

It appears you already have most, if not all, of the top cash back CCs in the marketplace. I guess it all depends how much $$$ you are currently putting through Double Cash, QS, Discover, Freedom and AmEx BC combined each month and if it's structured appropriately to maximize any rewards potential. The only one missing from your portfolio would be the FIA Fidelity AmEX but not sure if that's going to be more of a redundant choice given you already have Double Cash. Is your Bank Of America card a 321 Cash Rewards?

And, honestly, the Centurion card is just *ok* IMO. I mean, sure it's got the *bling* and status factor + some interesting perks but aside from that I would skip it if an offer arrived in my mailbox. Since I already have Ritz, Prestige, and Diners Club (+ others), I'd rather take the Palladium instead - of course, this is a matter of preference given the niche for each program

Re: Best card to have

Anonymous — Fri, 13 Nov 2015 09:07:59 GMT

@Anonymous wrote:
If you have 68k in CC debt you don't need another one

I don't think the OP was soliciting our judgement here. Everyone's circumstances are different. My father runs $60-70k per month on business on some months. Sometimes he carries a balance, sometimes he doesn't.

Re: Best card to have

Anonymous — Fri, 13 Nov 2015 10:40:01 GMT

@Anonymous wrote:
@Anonymous wrote:
If you have 68k in CC debt you don't need another one
I don't think the OP was soliciting our judgement here. Everyone's circumstances are different. My father runs $60-70k per month on business on some months. Sometimes he carries a balance, sometimes he doesn't.

For my business I use mainly spark company check cash or net 30/60/90

Re: Best card to have

Anonymous — Fri, 13 Nov 2015 10:48:55 GMT

@FinStar wrote:
@Anonymous wrote:

@FinStar wrote:
@Anonymous wrote:
I have citi already the 68k is on 2 card only 2 card I carry balance highest limit on a single card is 75k most recent card is SAMs club mc with 35k Victoria secret for 28k and gap for 35k Victoria secret gap and lowes is only store card I have
Income is high my credit line is at about 66% of income
debt
68k credit card
5 million or so home loan
450k car loan
240k boat loan
80k jet ski loan
thats pretty much what credit (debt) profile looks like
looking for best card with highest %cash back and no cap
Ok, I asumme your income is pretty high based on what you've listed. So, besides Sams Club MC, Victoria's Secret (that CL can buy lotsa panties!!! ) and GAP, what are your other 10 tradelines? Which Citi card(s) do you have?
Citi AA and double cash
cap1 QS and venture
chase slate and freedom
discover cash
american express blue cash
bank of america
Wells Fargo
i really want the black American Express but I don't think I will ever spend 250k in a year on the card. Card I use most is the QS Amex and discover for personal and spark for business
It appears you already have most, if not all, of the top cash back CCs in the marketplace. I guess it all depends how much $$$ you are currently putting through Double Cash, QS, Discover, Freedom and AmEx BC combined each month and if it's structured appropriately to maximize any rewards potential. The only one missing from your portfolio would be the FIA Fidelity AmEX but not sure if that's going to be more of a redundant choice given you already have Double Cash. Is your Bank Of America card a 321 Cash Rewards?

And, honestly, the Centurion card is just *ok* IMO. I mean, sure it's got the *bling* and status factor + some interesting perks but aside from that I would skip it if an offer arrived in my mailbox. Since I already have Ritz, Prestige, and Diners Club (+ others), I'd rather take the Palladium instead - of course, this is a matter of preference given the niche for each program

Still the bofa cash one 321 mean 3% 2% 1%?? Honestly I hardly use that card.. I run maybe 15-20k each month through my personal cards some month more some month each month at least 10k. I even use it to pay my boat and jet ski loans.. Whatever I can charge I charge on card unless if it's a mom and pop store or if charge is under 5 or 10 bucks I'll pay cash when have in pocket

Re: Best card to have

vayub4 — Fri, 13 Nov 2015 15:05:03 GMT

wow! $68K in debt!! $450k car loan, over a million in mortgage!!! This system is useless smh.... Even if annaul salary is $2m, that's the more reason these banks should limit how much credit they offer.

I can never understand how things are run with this system

Re: Best card to have

Open123 — Fri, 13 Nov 2015 15:10:27 GMT

If you have an orphan $100K IRA (or, just Acats over $100K) to park at Merrill Edge, I'd go with Travel Rewards combined with Fid Amex. Currently, aside from JCB Murakai, this is the best pure cashback option for general non-bonus expenditures.

2.65% cashback and 30 free trades per month isn't a bad deal.

Re: Best card to have

Anonymous — Fri, 13 Nov 2015 17:08:01 GMT

@vayub4 wrote:
wow! $68K in debt!! $450k car loan, over a million in mortgage!!! This system is useless smh.... Even if annaul salary is $2m, that's the more reason these banks should limit how much credit they offer.

I can never understand how things are run with this system

Nope don't have 2 million income.. Have 960k.. close to 5 million total for home loan 11 of those property is rental. The 68k debt can be paid off right away if wanted to but I won't I'm going to leave it for the 0% and keep cash on hand for if I need or want to buy other properties

Re: Best card to have

tntexans72 — Fri, 13 Nov 2015 17:10:49 GMT

@FinStar wrote:
@Anonymous wrote:
I have citi already the 68k is on 2 card only 2 card I carry balance highest limit on a single card is 75k most recent card is SAMs club mc with 35k Victoria secret for 28k and gap for 35k Victoria secret gap and lowes is only store card I have
Income is high my credit line is at about 66% of income
debt
68k credit card
5 million or so home loan
450k car loan
240k boat loan
80k jet ski loan
thats pretty much what credit (debt) profile looks like
looking for best card with highest %cash back and no cap
Ok, I asumme your income is pretty high based on what you've listed. So, besides Sams Club MC, Victoria's Secret (that CL can buy lotsa panties!!! ) and GAP, what are your other 10 tradelines? Which Citi card(s) do you have?

This is funny!

Re: Best card to have

Anonymous — Sun, 15 Nov 2015 10:46:52 GMT

I second the JCB Murakai with its 3% anywhere Discover or JCB is accepted.

Or if you do a lot of online shopping you may want to look into the Upromise Mastercard. It gives you an extra 5% in addition to their regular gateway cashback. In my experience their cashback is usually fairly close to the other popular cashback providers like eBates/FatWallet/MrRebates/etc. Although DiscoverDeals sometimes has some great cash back offers.

For example:

5% + 2% on Bestbuy

5% + 5% on Macys

5% + 5% on Nordstrom

Re: Best card to have

Anonymous — Sun, 15 Nov 2015 13:27:15 GMT

Welcome to the forum OP! Please come back and let us know which card you app'd.