>get travel card
>credit limit 62k
>spend 15k on bills and whatever bullshit
>get around 10k miles a month
>one year and I have more than enough to fly business one way
>card doubles your earned miles every year
>gives you an extra annual fee is $395
>card gives you $400 on travel credit regardless of how you book your hotel/flights
You guys are flying business for free right?
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>spend 15k on bills and whatever bullshit
If you make enough to spend $15k/mn wtf are you doing pinching pennies on travel cards? Just get a cash back card, the amount of time and effort you put in trying to make the miles worth more than what you'd save with simple 2-3% cash back is too much to be bothered with.
Not true. Just get an amex platinum and send it. If you’re making that much money then you should be taking lots of vacations so it’s no problem.
>Just get an amex platinum
I would use the AMEX EveryDay card if you are really trying to stack points. Amex platinum is okay for the sign up bonus, lounge access and you can trim the $695 annual fee if you have SiriusXM radio already and/or take Ubers once a month.
Everyday card gets you 1.5 AMEX pts per dollar spent (if you use it 30x per month they give 50% bonus) with big multipliers for Grocery (3x) and Gasoline (2x). $95 Dollar Annual Fee.
Only use your Amex Plat for Travel purchases if you actually see the value in it keeping the next year after you obtain the bonus points. It lost its allure to me when I can't bring my wife and child into a lounge without paying for them as an authorized user on the card.
Also AMEX points peak value are booking United, AA and Delta flights via 3rd party carriers like British Airways (AA), LifeMiles/Turkish (United), Virgin Atlantic (Delta). These 3rd party flights are generally only available for direct routes but I've seen incredible deals the last 12mo. (MSP-CDG, MSP-AMS)
i just got the platinum card and did not know i would have to pay a fee to bring my wife as a "guest", let alone my kids.
what a frickin scam.
>Amex platinum
Why didn't you get the Venture X? You can bring up to 3 guests for free. Not only that but you can make your wife a holder, so she can bring 3 additional guests as well as get free TSA priority pass.
simply said i didnt even know about venture x.
i dont watch tv so i dont get ads, but i got two offers from chase and amex. amex offered me $6k/6m for 125000 points or $1250, where chase offered $4k/4m.
venture x does look nice but it's too late now.
also i'm able to get the sign on fee waved so that didnt really factor into my decision.
Amex is still good, but they don't partner that much with asian airlines which is why I went with the Venture X. How did you managed to get the annual fee waived?
military.
i've thought about abusing the fee waving to get some bonus point for essentially free; at the expense of my credit score (800+). and since good credit scores will increase my mortgage (the only reason i even give a frick about my credit score) i may as well lower it.
>zogbot
yea i know. i hate it too. but i wanted to travel and considering i have 18 countries and 40 states, i'd say goal acheived.
shame about the asian countries.
>Amex is still good, but they don't partner that much with asian airlines
>ANA, Cathay, Ethiad, Emirates, and Singapore are transfer partners
>can even transfer to Qatar Avios using BA or Iberia Avios
I’m not going to say all those transfer partners are good, but ANA at the very least is probably the best Amex transfer partner as long as you know how to take advantage of their schedule release
They just made that change because of people like you who bring in their kids and shit up the lounge. Spend $75k annually on it and you won't have to pay. You can also just make your wife an authorized user and then she can get herself in.
just get blue business plus and gold
>Choosing between cashback and rewards cards
Do poorgays really?
Why? I carry one card and I just pay it a week before statement date. How do you think I managed to own a business? By being greedy frick and cutting cost. Being rich doesn’t mean squandering money. 2% of 15000 is only $300 on cash, but at the same time $300 x 4 =/= a business class seat. Also getting something especially a 4-5k something for free just doing your everyday thing just feels good.
Not only that but I do not keep free flowing cash in my checking not allowing it even if it’s as minuscule as 15-30k to not earn money, 4.5% divided by 12 months of 30k is still $112 of free money.
You obviously don't know how the game is played. We've been through this points vs cash back many times on this board. Poor gays cannot fathom how points work for air travel because they see no value in points. That's why they will always be poorgays.
Venture x basically does cash back like other cards but gives turbo charge if you book through shitty online portal. Issue is agoda usually has the rooms significantly cheaper than capital one would.
I have a Venture X and book via Agoda, sadly Capital One will not price match Agoda. That being said I only book the first night via Agoda, then afterwards just haggle at the hotel. Normally a 2k BHT a night hotel can be haggled down to 1.5 or even 1k BHT. Plus if you have good rapport with the front desk they wouldn't mind if you bring in a 'guest' or nut on their bed.
The bigger issue is how outrageously shit the portal is to use. Especially on mobile. A headache to ever use. Can get fair prices though for booking air travel though some carriers randomly wont appear.
I’m having the same problem, this is why I never book through capital ones’ portal, I just transfer to whatever airline I plan on flying with. Right now Singapore has the best miles/service ratio especially for their business class seats. When that changes I might try China Airlines which I heard is really nice. If you’re flying to SEA your choices are limited unless you’re willing to go with airlines with poor safety records.
Last time I flew them it was only business from DFW to Changi, then from there they put me on Scoot which is also owned by them. Sucks because it said Singapore for both flights. Fortunately it was only an hour flight from Singapore to Bangkok.
the chase portal isn't good either. a couple years ago you could book 5-7 airlines, now it's only 3 major airlines and the flight prices are all 10-15% higher than booking direct
You should see the skiplagging thread. They're insisting that having top-tier status on airlines doesn't confer you ANY preferential/worthwhile treatment, actually
>book ANA from Singapore to Japan
>$700
>book ANA from Singapore to South Korea
>need to stop in Japan first
>total $350
>gets off in Japan
>nothing happens
>gets email telling me I violated safety bullshit and next time I will be fined
I don't understand why airlines would ban you if you do it. Like I'm literally paying for something and only using 50% of their services, they should be happy.
you can't see it from the business point of view?
I can see the offer from the business point of view but the seethe is entirely their fault, especially if the passenger checks himself out at his actual destination.
Airlines are moronic about some pricing. I find part of the issue with finding cheap fairs is finding what airports airlines operate from going to your destination. For example I expected Dulles (since its near DC) to have cheap flights going to Argentina. Nope. Direct flights from dulles are more expensive then just getting a connecting flight from my regional airport by an order of magnitude. Same thing if I wanted to go to philippines. My regional airport cheapest ticket would be $2500. Go to Dulles? Tickets $1500.
i live in CT and if i want to go anywhere in the US it's cheaper for me to go to Rhode Island and fly out.
if i want to leave the US either JFK, La Guardia, or Boston. since there is an amtrak close to Boston Int. i can hop on an uber, get amtrak tickets, and wind up at the airport cheaper than a direct uber ride to and from either airport in CT or RI.
someone people simply dont know how to go out of their way for savings.
Yep I have a similiar experience of riding the amtrak in my town to Alexandria then hoping on the metro to Dulles for cheap flights that originate from there (saved close to $500 for it). Cost me 5 hours of time and $50. But if I went to my regional I would have still been held up a minimum of three hours at airport and potentially had to pay baggage fees on top of my ticket.
>If you make enough to spend $15k/mn
if you own or manage business you will typically be spending a large amount of money on various things related to that business, and you will use a card to do it
>pinching pennies for points
But you're not though, you're just paying for everything with a card. If you can spend $15k/mn then you are absolutely better off spending that $15k on a credit card and then immediately paying off the full balance because you get what you buy plus 15k+ points every month on top of that. Due to categories, you get more than 2-3% cashback and you get more value per point on redemption when you use travel card. You essentially get more points faster, and greater than 2-3% value.
>i don't get why airlines would ban you for skiplagging, they should be happy
Because they've still got you pegged for a seat they cannot sell to someone else because they're under the assumption that you will actually fly to the final destination you signed up for. To put it simply: pretend that half the people on your flight skiplag, no shit the airline would be pissed that your lies deprived them of the cash they'd earn from booking a new half flight of customers.
>be you
>buy the cheapest everything
>put it on a credit card instead of a debit card
>accumulate points spending the same amount of money you normally do
>do this for months or years
Wow anon, you just got a free cheap flight from the points you saved by doing nothing besides using a credit card responsibly.
>i won't restrict myself based on israelite points
The poors really don't get how points work do they? You don't have to restrict yourself on points. Points = dollars you already have, so you won't have to restrict yourself if you have enough. If you have too little, it can still be cheaper to just transfer all your points and then buy some outright, turning a would be expense of say $1000 to fly to Japan to points + $300 in directly purchased points. If it's not cheaper, then the thing restricting you isn't points its your budget itself.
Its why you transfer points directly to partner airlines instead. More value almost every time.
You fricking idiot do you not understand the concept of Interest? The bank isn’t giving you that money for free you fricking moron. They are going to rape you in interests and late fees. If you’re too poor to travel then don’t but god forbid putting your 15k vacation on a card.
>do you not understand the concept of interest?
You don't pay interest if you pay off your full balance at the end of the month. The reason the bank gives me the money for free is because the balance I have at the end of every single month is $0.00. Interest will accrue if you carry a balance, which is why you just don't fricking carry a balance ever. If you're spending $15,000 a month off a debit card, you are paying $0 in interest when you put that $15k of spending on a credit card and then pay the full balance of $15,000 in one go when the bill comes.
Your post just confirms what every other cardchad is saying ITT, moronic poors like you are too fricking moronic to understand how credit cards work, what responsible use of credit cards is (full balance paid, not minimum monthly payment paid) and the value of points inherently being free money because you don't 22% interest on a balance of $0 is fricking $0.
>the bank isnt giving you that money for free you fricking moron
It is giving it to me for free though, its just not coming out of their own pocket. They take the money of the other 8 or 9/10 irresponsible and redistribute it to the people who can carry a balance of $0 every single month.
The fact that you don't know this tells me one of two things:
1. You have never owned a credit card.
2. You own a credit card and have never carried a balance of $0, instead making minimum monthly payments with interest, because if you ever did carry a balance of $0 you'd have seen firsthand that there is no interest to pay.
By the time you get your statement THEY ALREADY CHARGED YOU INTEREST. lol sounds like it’s you that never own a credit card. There’s no way o avoid interest,you need to read the bill instead of just paying it. Otherwise you’d just sound like an idiot spouting off such nonsense,
>they already charged you interest!
Objectively wrong. The interest accrues but you are not charged interest if you pay your shit on time. Source? Chase fricking Bank:
>Credit card purchase interest is what a credit card issuer charges when you don't pay off your statement balance in full by the end of the billing cycle in which the purchases were made.
>Credit cards charge interest on any balances that you don't pay by the due date each month. When you carry a balance from month to month, interest is accrued on a daily basis, based on what's called the Daily Periodic Rate (DPR).
https://www.chase.com/personal/credit-cards/education/interest-apr/when-does-interest-start-to-accrue-on-credit-card
>there's no way to avoid interest
Meanwhile, in reality:
>Pay your balances on time: Avoid carrying a balance on your credit card if possible. When your statement is issued, you'll have a statement balance and a minimum amount due. If you pay the statement balance on time, there should not be a balance to charge interest on.
https://www.chase.com/personal/credit-cards/education/interest-apr/when-do-credit-cards-charge-interest
How fricking embarrassing, you literally don't even know the most basic part of responsible handling of credit. So which is it anon, you never had a credit card or you've been subsidizing my travel by paying interest for years because you still don't know the difference between the statement balance and minimum amount due?
>you'd just sound like an idiot spouting off nonsense
Self Awareness Check
can't decide if this is bait or you're actually moronic
My point is you shouldn’t be putting anything on credit. How hard is that to understand? Why do you idiots want to go into debt to finance a vacation? If you don’t have any money then don’t go on vacation.
Do you really not understand that you dont pay *any* interest if your balance is paid in full every month? And no, interest is not baked in to this balance
I have these cards, when the payments Due you pay interest. When I get home I’ll show you the statement, after the first month I started paying interests.
I work for a fintech that offers people 3 months 0% interest with no fees if they pay it back in full on time.
We make money from:
1) our slice of mastercard/visa merchant fees (this is a small amount)
2) our slice of FX fees if they purchase something in a foreign currency (more than the merchant fees, but still not much)
3) we charge at least 23% annual interest on any borrowing longer than 3 months (this is where we make the most money)
1 & 2 aren't enough to make a profit, so you either need to charge an annual fee or interest (3).
Charging interest is a balancing act, and is very volatile at the moment because interest rates have been increasing.
As a business, it costs us about 6% to borrow the money that customers have racked up on their card. Someone like PayPal it's probably lower, someone like Klarna is probably paying 10% now.
So we charge our customer at least 23%, but it costs us 6%, so our profit is the difference minus any other costs of business.
Here's a user case:
>Mary normally uses the card for everyday spending at doesn't may any fees because she pays back on time, but her clothes dryer breaks down. She hasn't budgeted for it and she wants to replace it with a good one. She uses our card to pay for it at a cost of $800 and pays it off over 2 years.
The total cost to her is $980, $180 interest paid to us, whereas it only costs the business $49.
If enough people do that and don't default on debts, then we can continue to subsidize the 3 months 0%.
It's the same with these reward cards and airline cards. It only works if enough people pay interest or they charge an annual fee. They also make money from partner promotions, airlines and other kickbacks.
This is what happened to me:
>buy an Alienware laptop for work around $2750
>first month
>no payment due
>2nd month $62 minimum payment interest charged was $62
>recommended payment $138
I was paying the recommended payment for close to 2 years now and I still have like a thousand left. This is ridiculous, if you put 15k on a vacation it will take forever to pay even if you pay the 'recommended' amount.
Sounds like you just made some terrible decisions anon.
Yes I know paying with credit is dumb yet the idiot OP is telling people here to put their vacation on a credit card. If you cannot afford to go on vacation then, don't go. It's that simple.
Nothing wrong with using credit cards. Sounds like you just bought something you couldn't afford.
If could afford it I just rather have my money earning interest.
You can pay with your cards and get cashbacks as well.
No way this is an incentive, the cashbacks most times are not worth it.
This depends on your card, the cashbacks i get on the Miles card are quite impressive.
>Spend 30k a year just to live my life
>30k x .02 = $600 saved a year
>Venture X holder
Good taste.
>buy an ALIENWARE laptop for WORK
forget ppl trying to teach you how credit cards work, you are absolutely braindead for buying such cancer
you work for fintech and yet you don't realize cards subsidize these luxuries almost exclusively with merchant fees and not dumb people?
That's simply not true. Mastercard, Visa and Amex pocket most of the merchant/interchange fees.
Amex issues their own cards and even then they're having to charge annual fees on all but the most basic of cards, and have had to switch from charge cards to credit because the EU limited how much they could charge merchants for interchange fees.
Once you take into account all the onboarding costs (marketing, KYC, issuing a physical card etc.) and the ongoing costs, it can take years for a customer to become profitable if they're not charged any fees/incurring interest.
Every customer that uses interest-bearing credit is really important to bring down the average breakeven age of a customer across the portfolio. Then at the same time you've got people defaulting on their debt, which increases the average breakeven age. Even at the 5 biggest credit cards, I doubt the interchange fees even cover their defaults/arrears, you might need 100 profitable customers to make up for 1 default.
okay, but consider this: travel cards suck dick in other countries because they have lower merchant fees by law. the quality of a card's perks is proportional only to the merchant fees of the issuing country. this must be because european/canadian/asian consumers are just smarter, right?
semi related, but did you know debit cards also used to give nice rewards until the durbin amendment gutted merchant fees in the us?
obviously this means more for amex/discover than visa/mastercard since they don't have to share, but it's still generally true.
No, poors really don't understand how credit cards work. It's truly amazing not only how wrong they are but how adamant they are in their belief that they're right. Literal Dunning Kruegers.
>buy laptop for $2750
>pay the MINIMUM PAYMENT of $62 and get charged interest
I was right, this moron doesn't know the difference between full balance and minimum amount due. $62 a month is the minimum amount due, but the full balance is $2750. If you have the $2750 in the bank then you pay for the laptop with the credit card and then at the end of the month you don't pay $62, you pay the ENTIRE $2750 and have a total balance of $0.00 when it's paid for in that same month. That's what paying the full balance is. You seem to think we're telling people to pay the $62, we're actually telling you to pay the full $2750 in one go or don't use a credit card for the purchase. That's how you get free money from CC companies at zero interest cost to you. I could not have been more right about you, you're one of the many morons who give CC companies money to gift to me for free because you opt into paying interest rather than using a CC as a debit card with an extra step (and better security).
>why no venture x?
In my case its because the sapphire reserve is better for me. The chase portal is shit but better than C1's, and the cents per point is better even with the sapphire preferred.
I don't have $3k to pay for a laptop, most people here live paycheck to paycheck.
That's fine - the problem is you're oblivious as to how credit actually works
>i dont have the money to buy thing
then you don't buy the thing, you save up the money to buy it like a normal person. I get that for some purchases like an emergency or a work pc you'll need to just bite the bullet and pay the interest, but for most anything else you can and should use a credit card responsibly and interest free. You really need to stop talking about credit cards as if you know how they work, because you clearly have no fricking clue since you cant even tell monthly minimums from full balance, the most basic of basics when it comes to billing.
>cashback is not worth
Why is it not worth it? Tons of cashback cards have no annual fee and if you use a card responsibly (pay the balance in full) then its interest free and gives you free money every month based on spending you'd be doing anyway. It may not be super lucrative if you don't spend much, but even if you're super poormode its nice to get a free lunch or two a month out of even the shittiest of cashback cards. Cashback is from spending, not from investing/saving so there's really no reason not to have a cashback card besides having a travel card since you want the points for airline miles rather than for actual dollars.
If you don't fly regularly/have status with airlines and don't want/can't afford premium seats, then get a cashback card.
If you do fly regularly/have status with airlines and can afford premium seats, then get a reward/airline card.
I personally use my points/miles mostly for upgrades, last minute flights, or because I need a fully flexible ticket that normally costs bucks.
If you normally fly economy short distances or maybe for one or two pre-planned longhaul holiday a year, then there's little point.
Sadly I don't travel as much for work as I used to, but I'm still probably sitting on a few million miles spread across AMEX, Chase, airlines, and hotels. Almost exclusively use my points to book international business class and then upper end hotels.
Venture x has a ton of side benefits.. But you will book the same trip at least 5 times before it will work.
i book what is cheapest in terms of flights. that saves me more money than these cards ever could.
I'm not American, so my card options are significantly limited. Americans mog the frick out of other countries when it comes to credit card perks.
I'm all for being frugal, but I won't restrict myself based on the amount of israelite points I have. Here's how I fly
>want to go to X place on Y date
>book the cheapest flight around that period
It's really personal preference, but it's definitely good to get something back for your spending, since card companies are making money every time you use it.
Whether it's worth paying annual fees is debatable for a lot of people though - I see a lot of people with an Amex Platinum who could have just gone with a no annual fee card because they're not utilising the benefits enough.
I'm in the UK and we've got good options for points here.
A couple of my wins:
Got invited on a sailing trip in Greece last August when someone pulled out at the last minute. Since it was only a week away, return flights were £800+, but I was able to book with points, then after we finished sailing I decided to stay a few extra nights in Thessaloniki and was able change my return flight because it was a fully flexible ticket.
Have booked cheap premium economy tickets numerous times in the sales, then upgrade with points. Have bought tickets to LAX or LAS for sub-£500, then upgraded to business class with points (30k each way).
My best ever though was using 50k avios + £40 taxes for get return business class from JFK to YVR on Cathay Pacific when they used to stop over at JFK from HKG. So you got the full international business class seat and experience. I think that ticket cost at least $4k if paid in cash as there was nothing comparable flying direct between the two airports.
Worst thing you can do is use points on long haul economy tickets, but I know a lot of people that do that.
Venture x provides lounge access, 10k anniversary miles $100, and a $300 credit to flights.
I have the sapphire reserve like every generic millennial. Annual fee is 495 with a 300 travel credit. Between cash back and booking travel I get about 1100 of value a year out of it
Sounds like a racket. Pay fees and spend a bunch of money in order to "save" money on "free" flights.
It’s stupid these idiots think they are saving money when these card companies are charging them 25% interests.
I don't have access to worthwhile ones in my shithole country so no
Have to just buy business outright
That sucks anon. Americans are definitely spoiled by our options.
Poorgay here. I have a Tesco Balance Transfer Credit Card and a Bank of Scotland Platinum credit card. I’m not entitled to jack shit.