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They actually are; I get gift cards for using my credit card, but I don't use it for anything I wouldn't otherwise buy and never carry debt (I pay off the balance every month).
Super.
Question: what's the annual fee for the credit card?
They are. Other people have to pay for them. I prepaid my insurance, my cell phone, internet, water, gas, etc... all the stuff I have to pay anyway. I never paid taxes with it, nothing that will charge me extra for anything. I pay off all my credit balances every month.
But yesterday, assume I pay $21k per first class ticket, 2 tickets are $42k, 21 days in Japan with decent hotels, comes up to about $5k. All total about $47k tax free. What’s not to like. In fact, they are all cancellable, no trip insurance necessary, save some money there too. Some of the places I booked were sold out on travel website like booking.com.
You're so lucky. I hope both of you appreciate what you have.
I disagree. They are not lucky. Fortunate, perhaps, but not lucky. Their financial situation is the result of a lifetime of making good decisions and having some good outcomes.
Not wired, I didn’t play this game until I retired.
Some credit cards wave the first annual fee. Of course I pay for the credit card fee on some, but they are not outrageous. Business ink from Chase is $95, but we intend to keep it. It serves as primary insurance for rental car. I would never pay for $450 or $500 annual fee. Some of the cards the minute I get the reward points, I close the account, they reimburse me the fee, prorate of course.
I disagree. They are not lucky. Fortunate, perhaps, but not lucky. Their financial situation is the result of a lifetime of making good decisions and having some good outcomes.
Funny how people don’t get that. They expect people who have managed to accumulate more than themselves to be spending more than themselves.
Many of my ex work colleagues (at a well known tech company) share the same good fortune I do. You’d be surprised how many of them never moved or significantly increased their footprint. Many have, of course, and that’s fine too.
Not wired, I didn’t play this game until I retired.
Some credit cards wave the first annual fee. Of course I pay for the credit card fee on some, but they are not outrageous. Business ink from Chase is $95, but we intend to keep it. It serves as primary insurance for rental car. I would never pay for $450 or $500 annual fee. Some of the cards the minute I get the reward points, I close the account, they reimburse me the fee, prorate of course.
we have the chase sapphire reserve card . it was 450 a year and is now 550 a year ..
but the perks we get outweigh the costs . we got a few thousand dollars in points just for taking it .
they also paid for tsa precheck , we get 3x the points on travel and restaurants . we can transfer the 5% categories on our other chase cards to it where for travel all points get a 50% boost through the chase expedia portal ... every year you get a 300 dollar travel credit which pays my tolls to new jersey but it can be used for anything travel coded . so right off the bat the card cost 300 less .
plus you can trade points with their travel partners for really good deals .
with the increase you get 60 dollars in food credits towards door dash and free membership to door dash which i think is 129.00
we also get priority pass free for airport lounges that participate and free food and drink . we have likely eaten the 150 bucks difference in the card cost vs the 300 dollar travel credit , in food over a year at airports alone. most of the time it covers everyone you travel with .
you get special discounts with lyft too
all in all we gladly pay the fee for what we get back
Last edited by mathjak107; 02-22-2020 at 02:44 AM..
Not wired, I didn’t play this game until I retired.
Some credit cards wave the first annual fee. Of course I pay for the credit card fee on some, but they are not outrageous. Business ink from Chase is $95, but we intend to keep it. It serves as primary insurance for rental car. I would never pay for $450 or $500 annual fee. Some of the cards the minute I get the reward points, I close the account, they reimburse me the fee, prorate of course.
be careful . some cards take back what they gave you if you close before a year ...
as an example:
"This is one of the most common questions we receive, but the answer is worth repeating loud and clear: Never, under any circumstances, should you close a credit card less than one year after opening it. There are a whole host of reasons why this is a bad idea, but let’s start with some of the consequences Alex might expect from Amex if he were to do this.
Buried in the terms and conditions of the Delta SkyMiles® Platinum American Express Card (and nearly every Amex card out there) is the following important line (emphasis mine):
“If we in our sole discretion determine that you have engaged in abuse, misuse, or gaming in connection with the welcome offer in any way or that you intend to do so (for example, if you applied for one or more cards to obtain a welcome offer(s) that we did not intend for you; if you cancel or downgrade your account within 12 months after acquiring it; or if you cancel or return purchases you made to meet the Threshold Amount), we may not credit the welcome offer to, we may freeze the welcome offer credited to, or we may take away the welcome offer from your account. We may also cancel this Card account and other Card accounts you may have with us.”
we have the chase sapphire reserve card . it was 450 a year and is now 550 a year ..
but the perks we get outweigh the costs . we got a few thousand dollars in points just for taking it .
they also paid for tsa precheck , we get 3x the points on travel and restaurants . we can transfer the 5% categories on our other chase cards to it where for travel all points get a 50% boost through the chase expedia portal ... every year you get a 300 dollar travel credit which pays my tolls to new jersey but it can be used for anything travel coded . so right off the bat the card cost 300 less .
plus you can trade points with their travel partners for really good deals .
with the increase you get 60 dollars in food credits towards door dash and free membership to door dash which i think is 129.00
we also get priority pass free for airport lounges that participate and free food and drink . we have likely eaten the 150 bucks difference in the card cost vs the 300 dollar travel credit , in food over a year at airports alone. most of the time it covers everyone you travel with .
you get special discounts with lyft too
all in all we gladly pay the fee for what we get back
If you fly business or first class, there is no line, no need for TSA pre-check. Very short line, plus we get the nice lounge with it. I find the rest very redundant, I don’t really need them. We never use Doordash, what’s that anyway, I guess it’s a food delivery. For lyft, we add them to our Business ink account, I think we get 5-10% discount. But we rarely use Lyft. Maybe twice a year. Last time we got a 25% discount anyway.
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