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Help me find a new credit card

airshaq20 739 185 August 20, 2015 at 11:32 AM
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I'm amazed how knowledgeable SD peeps regarding credit cards but I'm clueless.
I want to open a new account - which will allow me to rack up Airline miles FAST. Which card is the best?

Thanks!

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#2
Quote from airshaq20 View Post :
I'm amazed how knowledgeable SD peeps regarding credit cards but I'm clueless.
I want to open a new account - which will allow me to rack up Airline miles FAST. Which card is the best?

Thanks!
Really depends on where you want to fly and what class. Do you have a trip planned? Do you already have status with one airline/alliance already?

I would start here for some ideas:

http://www.flyertalk.com/forum/cr...ption.html
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#3
Quote from airshaq20 View Post :
I'm amazed how knowledgeable SD peeps regarding credit cards but I'm clueless.
I want to open a new account - which will allow me to rack up Airline miles FAST. Which card is the best?

Thanks!
If you want to rack up airline miles fast there are two things I would recommend.

1) Look for cards with big introductory bonuses like 40,000 miles if you spend $1,000 in the first month. CapitalOne Venture and American Express come to mind but there are plenty.

2) If you spend enough to make it worth it and really want to rack up the miles faster, get the paid version of whichever card you pick. For example, the Venture vs the VentureOne, etc. 2x points vs. 1.2X and the first year is almost always free.
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#4
Quote from CONY View Post :
If you want to rack up airline miles fast there are two things I would recommend.

1) Look for cards with big introductory bonuses like 40,000 miles if you spend $1,000 in the first month. CapitalOne Venture and American Express come to mind but there are plenty.

2) If you spend enough to make it worth it and really want to rack up the miles faster, get the paid version of whichever card you pick. For example, the Venture vs the VentureOne, etc. 2x points vs. 1.2X and the first year is almost always free.
If you want specific advice, gotta have your credit score... even a range would suffice.
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#5
My recent FICO 8 score is 81x - previous mid 700s.I plan on using this card for business travel - not often, about 3-4 times a year, and use the miles for family vacation. I also plan on getting another card like a Hilton or something but I'll wait a few months so it doesn't ding my score.


Any suggestions which card I should get? I saw AA giving free extra bag and priority boarding - do you think that will be beneficial?
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#6
Quote from airshaq20 View Post :
I'm amazed how knowledgeable SD peeps regarding credit cards but I'm clueless.
I want to open a new account - which will allow me to rack up Airline miles FAST. Which card is the best?

Thanks!
Not trying to hijack but I am also looking.

Want to put wedding expenses on the card. 0% apr and rewards are key. Already have mid-tier status on UA, WN, and Hilton/Hyatt/Marriott. Fico 800+. Recommendations?
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#7
Quote from blahblehblah View Post :
Not trying to hijack but I am also looking.

Want to put wedding expenses on the card. 0% apr and rewards are key. Already have mid-tier status on UA, WN, and Hilton/Hyatt/Marriott. Fico 800+. Recommendations?

It's not that hard actually. Me and my wife have 12 cards and we've always had mid-700 score. I paid our utility bills 2 business days before due date, credit card bills gets paid 2x a month every paycheck and always kept balance below 30% utilization....EXCEPT 1 or 2 cards that I constantly use, one of which is always maxed out because of low limit and the 2nd card has a decent limit but I'm constantly at 50-80% utilization - the rest of the cards are rarely used. I thought I was doing good but my score always hovered mid 700s.


So I did some research and followed these:
1. It's OK to use all your credit cards - but keep them at 7% utilization or less. So if you have a $20K limit on one card, I would stay below $1400 or if you have a card that has $1,000 limit, then stay below $70..yes, seventy dollars!


Use your other cards, mix them up, pay with multiple cards if you can. Or pay in advance to your credit card then use it up to 7% utilization.


2. Instead of paying my utility bills 2 days before deadline, I changed it to 2 weeks before due date.


3. Kept paying credit cards at least 2x a month and making sure I pay it off or stay less than 7%.


4. Mortgage and one car are on auto-pay. Another car, I pay 2x the required monthly and 3rd car, I pay a few bucks more than the required monthly payment.


5. That's it. Took me about 6 or 8 months to hit 800s.
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#8
Quote from airshaq20 View Post :
It's not that hard actually. Me and my wife have 12 cards and we've always had mid-700 score. I paid our utility bills 2 business days before due date, credit card bills gets paid 2x a month every paycheck and always kept balance below 30% utilization....EXCEPT 1 or 2 cards that I constantly use, one of which is always maxed out because of low limit and the 2nd card has a decent limit but I'm constantly at 50-80% utilization - the rest of the cards are rarely used. I thought I was doing good but my score always hovered mid 700s.


So I did some research and followed these:
1. It's OK to use all your credit cards - but keep them at 7% utilization or less. So if you have a $20K limit on one card, I would stay below $1400 or if you have a card that has $1,000 limit, then stay below $70..yes, seventy dollars!


Use your other cards, mix them up, pay with multiple cards if you can. Or pay in advance to your credit card then use it up to 7% utilization.


2. Instead of paying my utility bills 2 days before deadline, I changed it to 2 weeks before due date.


3. Kept paying credit cards at least 2x a month and making sure I pay it off or stay less than 7%.


4. Mortgage and one car are on auto-pay. Another car, I pay 2x the required monthly and 3rd car, I pay a few bucks more than the required monthly payment.


5. That's it. Took me about 6 or 8 months to hit 800s.
Exactly. That's sound credit advice and hence the scores are good. I think this thread is to find the best credit card deal though, right? We recognize we have good credit but are in the market for a new card. Looking for suggestions on which card to pick.
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#9
So many travel cards that it depends on your needs. If you list your options that work for you and do the math it's pretty straight forward.
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#10
Flights and packages are much cheaper in late August and beyond. It's considered hurricane season in the Caribbean. You should be able to find fairly reasonably to cheap packages. I used to travel at this time with my daughter until age 4. Now that she started kindergarten, we cannot travel at this time anymore.
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#11
Seen a lot of people post about the Discover IT card especially when using Apple Pay
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#12
Quote from airshaq20 View Post :
I'm amazed how knowledgeable SD peeps regarding credit cards but I'm clueless.
I want to open a new account - which will allow me to rack up Airline miles FAST. Which card is the best?
Thanks!
If you're comfortable with it, can you provide any/all of the following:

1) Preferred airline
2) Home city
3) % Domestic travel vs. International Travel.l If international, any particular country on a regular basis?
4) Expected annual spend on credit card


Realize that #4 especially may be a personal topic, but if you can provide any/all of the info, we can provide some more specific recommendations.

Basic rule: pick a primary airline and focus all your rewards points towards that frequent flier program. Still gives you a lot of flexibility, such as the example below:


Quote from blahblehblah View Post :
Not trying to hijack but I am also looking.
Want to put wedding expenses on the card. 0% apr and rewards are key. Already have mid-tier status on UA, WN, and Hilton/Hyatt/Marriott. Fico 800+. Recommendations?
First - congrats on the upcoming nuptials! What better excuse to go travel, right? Smilie
If your goal is purely maximizing frequent flier miles, primary card recommendation would depend on which of your 2 current FF programs you want to focus on:

1) For United Airlines, Chase Mileage Plus card is not great - sign-on bonuses haven't budged in awhile and points continue their devaluation (though not as bad as Delta Mad). I would not recommend it - but fear not, there is a solution. But next, let's look at Southwest

2) For Southwest, the Chase Southwest card so far has been *very* churnable with 50,000 mile sign-on bonus available. You and spouse can both sign up and put wedding charges there to meet minimum spend, cancel cards and sign up again when the next 50,000 mile offer comes up. Great for domestic flights especially if WN is a strong competitor at your airport.


HOWEVER, except for the sign-on bonus, I would not recommend the Southwest card either! Instead, all your credit card spending should go to...


3) A "points" card that can be translated to frequent flier miles. AmEx Starwoods is a great option but, unfortunately, United is one of the few airlines I cannot recommend the cards for as the exchange rate is not advantageous for United. Southwest does not participate at all, so this card is not a great solution for you


So I'd recommend, by a wide margin, a Chase card with Ultimate Rewards (Sapphire, Freedom and Ink for Business). All have bonus points categories and Ultimate Rewards (UR) can be transferred to United Air OR Southwest AND two of your hotel partners as well - Marriott and Hyatt


Nifty, huh?




Before you sign up for a Chase card, make sure you check for sign-on bonuses and/or 12 month 0% APR transfers (as this sounds important to you).


So, if I understand your situation correctly, I recommend these steps:


1) Apply for the Southwest Chase card and put the wedding expenses on the card to meet the $2,000 minimum spend to get the 50,000 miles (and you'll have no problem blowing past that with wedding costs!)


2) Apply for a Chase Freedom or Sapphire card at the same time and put the rest of the wedding expenses on there


3) Once wedding expenses are charged, apply for a THIRD credit card that offers 0% APR on transfers so you can transfer wedding expenses from both cards to the third card. That way, you earn max rewards on Cards 1 and 2, but put their balances on Card #3. Obviously, you cannot apply for card #3 until you have balances to transfer.


Many options for card #3 - almost doesn't matter as it's sole purpose is to let you pay down the expenses at 0% for a limited time. Do make sure you get at least some kind of sign-on award though.- even an extra $100 is great


Hope this helps - many others more knowledgeable are on SD, so keep those questions coming
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#13
Quote from airshaq20 View Post :
... I also plan on getting another card like a Hilton or something but I'll wait a few months so it doesn't ding my score.
This really isn't as big an issue as many make it out to be. If you have a FICO over 800, and apply for a card, a hard pull will only ding you ~ 5 points. One trick is to actually apply for two cards the same day from same issuer, and usually only shows as one pull. Wink
The extra credit lines granted will actually help offset the hard pull ding.

In the past month, I've been granted a Chase Ink+, Sapphire Preferred, Mileage Explorer Plus, AMEX Platinum, AMEX PRG. My FICO has actually gone up from 817 to 823. Big Grin
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#14
Quote from airshaq20 View Post :
I'm amazed how knowledgeable SD peeps regarding credit cards but I'm clueless.
I want to open a new account - which will allow me to rack up Airline miles FAST. Which card is the best?

Thanks!
There's none. You really have to have a good credit standing in order to be approved. There's no way to rack up airline miles fast in a legal way.
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#15
Quote from jon95732 View Post :
There's none. You really have to have a good credit standing in order to be approved. There's no way to rack up airline miles fast in a legal way.

Can I TD to a specific post in a thread?!?! Sigh...
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