I am starting this thread as something of a continuation of the following thread...
Why would you use a debit card instead of a credit card?
There were many reasons given, most of which had to do with building credit, security issues and of course the various rewards you can get by using credit cards. Also, when we're talking rewards we are more often than not talking about North America exclusively. From reading that thread it seems that rewards and that sort of thing are not as common in other parts of the world. If you want to follow along refer back to that other thread. This one isn't meant to continue answering that question, but is instead meant to be a place where those of us that do use credit cards can continue to discuss all that comes with it which is what the other thread evolved to, with the random person walking in saying we were all crazy.
I'm going to start this with a couple of my posts from the other thread. If any of you want to put together something more formal for the OP, a new title since this one is just a placeholder, images, or just want to contribute some must have information here at the start let me know and I'll add whatever is needed. I just wanted to get the ball rolling. I've hated not having the other thread going for the past few days after it was closed.
Alright, I think I have my entire credit card setup finalized. If I'm missing something just let me know...
Earlier today I found an old post of mine I posted on a different message board back in February 2009. Back then, almost five years ago, my credit score was an abysmal 595. I was asking how to get on the right track and fix things for my future. It was just over a month after I had met my future wife and was ready to really get serious about things. Anyway, since then I have worked on my credit rating, I got approved for a horrible Best Buy Rewards Zone card with an annual fee (I have since canceled it, but it helped me start the process), I got approved for a few more cards, ended up being able to get approved for an apartment, and as of September I am now a homeowner. At the time we purchased our house we also paid off all of our credit card debt. In the end, after all of that, my score is now 733. It was almost 750 but it got dinged from the home purchase and my applying for a few other cards to be able to take advantage of the rewards programs.
Alright, I think I have my entire credit card setup finalized. If I'm missing something just let me know...
-AMEX Blue Cash Everyday - 3% on groceries
-Chase Freedom & Discover It - I'll flip these back and forth on limited transactions depending on the 5% back categories at any given time (right now it's gas and movie theaters on the CF and restaurants on the Discover It)
-Capital One Quicksilver - 1.5% cash back on everything
I also applied for the US Bank Cash+ card over the phone (normally you must do it at a branch in NY only) and I was approved for the basic Cash card instead. Once I progress a bit more I'll call to have them upgrade me to the Cash+. Once that happens I'll use that one a lot since you get to pick your categories instead of them rotating like CF and It.
Also, here is one of the best sign up offers going right now. It's for the Discover It card and this is the biggest bonus they have ever offered on this card I do believe...
https://www.discovercard.com/cardmembersvcs/acqs/app/display?pageFileId=listingsite&sc=KCV6
No annual fee.
1% standard cash back.
Regular 5% cash back promos.
Higher percentages if you use Shop Discover (basically a Discover version of eBates).
FICO score on monthly statement.
$150 cash back when you make $750 in purchases during your 1st three months from account opening. Only valid for new applicants that use this offer link.
Why would you use a debit card instead of a credit card?
There were many reasons given, most of which had to do with building credit, security issues and of course the various rewards you can get by using credit cards. Also, when we're talking rewards we are more often than not talking about North America exclusively. From reading that thread it seems that rewards and that sort of thing are not as common in other parts of the world. If you want to follow along refer back to that other thread. This one isn't meant to continue answering that question, but is instead meant to be a place where those of us that do use credit cards can continue to discuss all that comes with it which is what the other thread evolved to, with the random person walking in saying we were all crazy.
I'm going to start this with a couple of my posts from the other thread. If any of you want to put together something more formal for the OP, a new title since this one is just a placeholder, images, or just want to contribute some must have information here at the start let me know and I'll add whatever is needed. I just wanted to get the ball rolling. I've hated not having the other thread going for the past few days after it was closed.
Alright, I think I have my entire credit card setup finalized. If I'm missing something just let me know...
Earlier today I found an old post of mine I posted on a different message board back in February 2009. Back then, almost five years ago, my credit score was an abysmal 595. I was asking how to get on the right track and fix things for my future. It was just over a month after I had met my future wife and was ready to really get serious about things. Anyway, since then I have worked on my credit rating, I got approved for a horrible Best Buy Rewards Zone card with an annual fee (I have since canceled it, but it helped me start the process), I got approved for a few more cards, ended up being able to get approved for an apartment, and as of September I am now a homeowner. At the time we purchased our house we also paid off all of our credit card debt. In the end, after all of that, my score is now 733. It was almost 750 but it got dinged from the home purchase and my applying for a few other cards to be able to take advantage of the rewards programs.
Alright, I think I have my entire credit card setup finalized. If I'm missing something just let me know...
-AMEX Blue Cash Everyday - 3% on groceries
-Chase Freedom & Discover It - I'll flip these back and forth on limited transactions depending on the 5% back categories at any given time (right now it's gas and movie theaters on the CF and restaurants on the Discover It)
-Capital One Quicksilver - 1.5% cash back on everything
I also applied for the US Bank Cash+ card over the phone (normally you must do it at a branch in NY only) and I was approved for the basic Cash card instead. Once I progress a bit more I'll call to have them upgrade me to the Cash+. Once that happens I'll use that one a lot since you get to pick your categories instead of them rotating like CF and It.
Also, here is one of the best sign up offers going right now. It's for the Discover It card and this is the biggest bonus they have ever offered on this card I do believe...
https://www.discovercard.com/cardmembersvcs/acqs/app/display?pageFileId=listingsite&sc=KCV6
No annual fee.
1% standard cash back.
Regular 5% cash back promos.
Higher percentages if you use Shop Discover (basically a Discover version of eBates).
FICO score on monthly statement.
$150 cash back when you make $750 in purchases during your 1st three months from account opening. Only valid for new applicants that use this offer link.