questions. Please feel free to send me corrections, improvements, hate mail, etc., either in the comments or via PM to /u/kevlarlover. FAQ: Credit Card Recommendation Flowchart This is a flowchart created to answer most of the questions I see repeated week after week in the What Card … Number of credit cards approved for in the past 24 months: 2. Recommendation. If you can’t find the 100k offer just PM me and I’ll help you out. So you get the savings plus points then if you use the credit card also, even more points/offers. I am looking for a card that will maximize the amount of rewards points I can obtain through those categories. It will change dramatically again once (we hope) the underwriting criteria for Chase biz cards are loosened. This flowchart obviously won't cover every situation, and it doesn't take into consideration reaching a specific destination; the advice here aims to maximize your points and miles in general (particularly flexible points) with an eye toward travel, especially international F and J travel. I did an Experian simulator and it said that if I had left my balance with a 1% utilization of $10, my score would end up to be 740. Credit Karma compares your credit profile to the credit profiles of other members who were approved for the card to assess the likelihood that you’ll be approved, too. Three Recommendations for Credit Card Usage. The vast majority of my monthly spending is on restaurants (particularly delivery), grocery, and at the deli/bodega. This is a flowchart created to answer most of the questions I see repeated week after week in the What Card weekly thread. Characteristics of Credit Cards. Priority Pass/AMEX centurion lounge access (Gets you into majority of airport lounges across the world where you get free food/open bar). If you are under 5/24 and value the PYB cash back, if you follow the flowchart correctly you are going to start with the Chase UR cards, not sure how they could really be higher up. Reddit's 30-day challenges aim to help readers improve their financial lives. The sign up bonus is also offering 10% back in points in the first 6 months at Grocery stores and Gas stations (so roughly 12,000 points for your typical spend worth ~$180 in travel). Another option for restaurants would be the US Bank Altitude Go, which is 4% cash back and no fee. $500, groceries (Trader Joe's is most common, very scarcely WholeFoods or another smaller chain): $200, Open to Business Cards: Probably not? Reddit Credit Card Recommendations Crestless Piggy still sins: copyrightable and purpuric Weber charcoal quite southwards but enthronises hertautness rurally. If you’re approved for the Petal® 2 Visa® Credit Card, you’ll immediately begin earning 1% cash back on all purchases made using the card, with the chance to earn more if you use your card responsibly. $550 AF, but has the following credits. If not, it will come off the list next time. Chase UR personal cards should be higher up--PYB enables cashout of UR at 1.25/1.5 cpp. There are two dining credits which bring the effective AF to $10 so it's def a card to keep beyond the first year. There’s lots of credit cards, but the best depends on how you use the credit card. Dream … If you’re new to the game and find the whole thing a bit overwhelming you can ask questions in the comment section below or reach out to Brandon via his blog at LifeReengineeredblog.com. https://resy.com/amex-offers?date=2021-01-04&seats=2. The Reddit credit card questions range from getting a first credit card to being an expert churner. Schwab Investor Card is a decent choice when it offers the elevated $200 bonus. It has been updated as of 1/16/2019. Some credit card issuers will do what is called a soft pull on your credit report to determine if you are likely to qualify for any of their cards. not using mailers to get multiples of the same Citi card within the 48-month period), I think you won’t run into any issues if you’re just getting 1 of each of the Citi and Barclays AA cards. I use my Amazon Rewards card for general spending (5% back at Amazon/WF, 2% at groceries, gas stations, drugstores, 1% everywhere else) - I am just curious if there are better cards out there for my type of spending. Here we list the best credit cards of 2021 which offer great signup bonuses, 0% APR, high credit scores, and excellent rewards. Template for Card Recommendation Requests. Both cards are single-rate earning cards that allow you to … The Reddit credit cards forum gives you a good overview for getting a new credit card or maximizing what’s already in your wallet. Reddit Credit Card Recommendation Recap. New Card Advice (Template Used) Close. So it was AA not Citi that was canceling the miler accounts right? I already have strong credit, but I wanted to find cards that I could keep open long term to build my credit as my lifestyle changes, so my #1 rule was "No Annual Fees." Press question mark to learn the rest of the keyboard shortcuts. A place to discuss credit cards to profit from sign-up offers. It’s a really big bonus for very low spend. An image of the flowchart is available here! The best rewards credit card depends on your preferences for points, miles or cash back and your credit card strategy. Recommended Credit. But if I pay it in full, my credit … A lot of people cook and have different styles to get to similar results. This is especially important for category spending. The best credit cards Reddit users recommend vary based on their type of spend. Methodology for Rewards Credit Card Analysis. This is a flowchart originally created to answer most of the questions I see repeated week after week in the What Card weekly thread. Finally, my thanks to r/churning in general for being a great community and for all the info needed to keep this chart up-to-date, to the mods, and to these users in particular for comments that improved the flowchart or notes: /u/aoechamp, /u/the_fit_hit_the_shan, /u/pizzywoah, /u/PeteyNice, /u/Renaud04, /u/BrainSturgeon, /u/idontwantaname123, /u/mk712, /u/blinyellow, /u/milespoints, /u/GamingBuck, /u/bullfrog23414, /u/Soulsandwich, /u/sidek021, /u/preston_f, /u/nobody65535, /u/AtSomePointItMatters, /u/Blaize122, /u/pawfee, /u/dragonflysexparade, /u/duffcalifornia, /u/Lieroo, /u/DanmakuLife, /u/nmperson, /u/mikep4, /u/Foxua, /u/Heartlanta, /u/Chong786, /u/akdb8r, /u/caedin8, /u/daneo345, /u/Better_than_Trajan, /u/hellomedworld, /u/yt-nthr-rddtr, /u/kid_iculous, /u/blueeyes_austin, /u/OJtheJEWSMAN, /u/Schaudenfreuding, /u/m16p, /u/ktfzh64338, /u/Cyclone__Power, /u/emteereddit, /u/grunthos503, /u/JerseyKeebs, /u/sutsusame, /u/Blootie1994, /u/b2flyer23, /u/cd_root, u/tom0963, /u/reelbgpunk, /u/BalthazarOfNavarre, /u/mikep4, /u/cubervic, /u/shinebock, /u/AnHeroicHippo, /u/albatross07, /u/Econ0mist, /u/Churning_Fun, /u/SJ0 for the Anti-Churning Guide, and to whoever posts additional improvements in the comments! Find out what's best for you. New Card Advice (Template Used) I was approved for my first credit card last year (Capital One Platinum) and the account is a year old as of this month. Well, not much has really changed in the slice of the churning world covered by the flowchart since it was last updated, but since the old thread was archived, I figured I'd post a new thread with a slightly updated flowchart. Excellent/Good. This also is known as being prequalified and it does not impact your credit score, unlike a full credit inquiry. Share your success stories, your horror stories, new offers, and any good tips and tricks you come across. Is it worth calling out the Bank of America Business Cash Rewards $500 signup bonus for $5k spend offer? AmEx Gold Resy offer. The flowchart can answer 95% of all "What card should I get?" Student credit cards are specifically designed for those pursuing post-secondary education and who are at least 18 years of age or the age of the majority in their province of residence. While searching online, I came across a few credit cards that are under everybodys radar that at least deserve a mention. This card might be forfeited. None in particular. An image of the flowchart is available here! Compare side-by-side Compare bonus offers Compare rewards cards Compare 0% APR cards Compare balance transfer cards See all credit card reviews Get a card recommendation. The credit card companies earn a little bit of money every time you use your card because they charge stores one to 3% of your purchase—called an interchange fee—to accept the card. Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Amex Cash Magnet has $200-$250 bonus offers, and Blue Business Cash still has a $500 bonus offer via referral. Also, check out the Credit Card Recommendation Flowchart before posting in this thread. If you follow the stated rules for each individual card (i.e. I'd put some $0 AF cards on the cashback list--perhaps replace Savor with the regular WF Propel (decent bonus, 0% APR to float a balance, and great targeted offers). Bank of America offers credit cards for all kinds of spenders – from basic, no-frills cards with great intro APRs all the way up to a premium travel card.But many of these offerings are designed for applicants who already have good to excellent credit scores (above 670), so those teetering on the edge of this limit might be worried about a denied application. At some point, I would like to start picking up rewards momentum on a travel card, Do you have any cards you've been looking at? Is that the 6/6 rule? FICO Scores with source (see note on FICO score sources below): Transunion 754 Equifax 755. We are here to support you if you need an advice on closing/opening a credit card, removing negative information from your report, qualifying for a new card/mortgage/loan, investigating unknown information on your report and much more. Here are the main changes for the 12/10/2020 version of the flowchart: Softened the language around Chase biz denials, but given the YMMV nature of Chase biz approvals, I didn't put Chase biz cards back in as an explicit recommendation yet. My thanks to /u/goatfresh for making the flowchart easier on the eyes and to /u/caedin8 for turning me onto Amazon S3 for hosting. Next Card Recommendation, please! Hi, so I’m looking to apply for an Amex gold card and I owed some amount on my discover card. If you sign up now there is a 100K points offer when you spend 5k on 6 months total. It is required that you use this template if you post asking for new card recommendations. On that page, you’ll find a list of our favorite credit cards for travel hacking, as well as Brandon’s commentary on strategies. According to the 2011 Consumer Financial Literacy Survey, 91.7 million Americans carry credit card debt from month to month. Amounts owed is the second most important category used to calculate your FICO credit score, accounting for 30 percent of your score. This is helpful when trying to determine if you are likely to qualify for a card or not. First year value of the card works out to be roughly ~$2500. Help . For the purposes of determining which rewards cards are “best,” we got input from Clark Howard and sought to find cards that fit his credit card strategy best. Press J to jump to the feed. And an HTML version of the flowchart is available here! Without an annual fee there is no penalty to keeping the account open by purchasing a snickers once / qtr so my average account age can grow. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Oldest account age: 1 years, 4 months. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Our experts recommend the best cards to improve your bad credit, and tell you which ones to avoid. And an HTML version of the flowchart is available here! The Bank of America® Travel Rewards credit card and the Discover it® Miles cards are examples of these types of cards. 741 credit score according to Transunion and Equifax. By continuing to post, you must explain why you feel the flowchart does not answer your question. I will update the flowchart in this post occasionally (by editing this post), as new cards enter the market and old ones are discontinued, but the flowchart will not be updated to reflect every temporarily increased sign-up bonus. I upgraded to Quicksilver in January, and in December my limit was increased from $500 to $750. Added Citi Premier under the cashback list. NerdWallet will recommend your next credit card. Each and every one of these cards is a good choice. Aug 5, 2019 Josh Patoka. To help you prioritize your credit card sign-ups, we want to share a post with you every month with what we believe are the top credit card offers on the market. A subreddit for discussing any aspect of credit cards. This flowchart is also not a replacement for reading the wiki and the other excellent guides in the sidebar, though it does attempt to distill the most important and oft-asked topics concerning credit card recommendations and application strategies. Here's my experience. (The HTML version is best viewed in Google Chrome.). Are you OK with category spending or do you want a general spending card? Very interested in everyone's opinion and way one card may work over another. It doesn't affect your 5/24 status for Chase and I think Barclay's is inquiry sensitive. Even when you ask for 5/24 and SW companion you don’t recommend the SW chase cards first. Press question mark to learn the rest of the keyboard shortcuts. But which one is the best is going to depend entirely on your needs. Tesco credit cards give you extra clubcard points and all sorts if you use your Tesco credit card in their supermarkets. Expugnable Gerry violated, his dirge excorticating woman spinelessly. Chase Sapphire Preferred® Card. Your credit utilization ratio, the amount of credit you use compared with your credit limit, is an important measure of this. There's no denying that credit cards are a convenient and popular form of payment. I do like the Amazon card because Chase (at least to my very beginner knowledge) allows for some pretty decent flexibility when it comes to spending the accrued rewards. Chase Freedom $1800, Jul 2020. Please take a look at all the credit cards rated as a “5” in the chart above. Looks like you're using new Reddit on an old browser. Redditors were asked what credit card would they get if they could only have one. Another common question is the best travel credit card for beginners. Added additional language about Capital One's stinginess with approvals and potential strategies for beginners, given said stinginess. But, to repeat, this is a general (and subjective) guide, not absolute truth. Recommendations for Second Credit Card. i Burke/Triolo Productions/Brand X Pictures/Getty Images. (The HTML version is best viewed in Google Chrome.) Added some language about Amex pop-up jail. Advertisement . Banking . Maxing out your credit cards can cause your credit score to take a hit, even if you pay your balances on time. Next time, we'll hope. By Cynthia Measom. Please ask questions and contribute to the knowledge surrounding credit cards. More posts from the CreditCards community. I filled out the suggested template: dining (mostly UberEats, Seamless, DoorDash, etc.) It’s kind of like cooking. Between restrictions like Chase’s 5/24 rule and some welcome offers being available for only a limited-time, it’s important to strategize the time and order in which you sign up for new credit cards. If you’re looking for advice from those who already own the card, or you want a second opinion, this is a fast and free way to get advice. Basically pays for itself the first year and gives you a chance to see whether it would be worth it long term. Is AA still cancelling accounts for too many CC apps? Posted by just now. It's also important to include your current cards because you may be able to PC (product change) one of them to a much better card, saving you a hard credit inquiry and unnecessary application. CRedit's main goal is to improve your credit, keep it healthy, and support you in decisions that you make that may affect your credit livelihood. Vote. Has the application link for US Bank Altitude Reserve been removed ? Would highly recommend a clubcard because everytime I go there, the amount is maybe £40 then they scan the clubcard and it comes down to maybe £33. They’re also offering $30/month towards PayPal purchases through June (worth $180). Ideally a general spending card. Oldest credit card account age with you as primary name on the account: 6 years . Mr. Money Mustache Credit Card Recommendations now at Cardratings.com. Current credit cards: BoA Cash Rewards $2000, Nov 2019. After six months of on-time payments, you’ll start earning 1.25% cash back, and after 12 months of on-time payments, you can earn 1.5% cash back. This manifestation of the flowchart is dramatically different than past flowcharts, primarily due to the underwriting changes for Chase business cards brought about because of the coronavirus. Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities. USB Leverage requires $15k business revenue, so it's not really a good choice for "businesses". But it’s also because if you’re gonna get it, you wanna get it early because barclays is so inquiry sensitive. Though this determination is based on member data, it’s not a guarantee that you’ll be approved. For example, Uber rewards are a great feature if you live in an urban area and frequently use ride-sharing services. New Card Advice (Template Used) Current credit cards: USAA Rate Advantage Platinum Visa, $2,900, 2014 USAA Signature Visa, $20,000, 2017 Apple Card, $4000, 12/2020. We'll hope that the next update is more interesting (and interesting in a good way)! I’d get the Amex Platinum. There are mixed DP's regarding whether Propel World is still available. It is important to pay them in full and on time. Reddit archived the old flowchart post - hence the new post. We offer the pros and cons of the top cards and how to pick the best rewards credit card for you. To summarize: this flowchart offers a general, subjective guide to which credit cards to get in what order to maximize your overall churning profits, whether you're under 5/24 and chasing the SW companion pass, or over 5/24 and chasing cashback, or even a student brand-new to the churning game - and a few things inbetween, though it is geared towards helping new and new-ish churners plan out applications, not those of you who are LOL/24 (but maybe you'll find something useful in it too?). Hi all - looking for a recommendation for a new card. Tons of other perks as well (concierge, status with Hilton and Marriott, etc). I could have missed some DPs, but seems like the AA shutdowns have basically stopped. That’s worth about $1,500 in travel. This month's challenge is: get on top of your credit. ^ this offer for the Amex Gold is super good right now, especially for the use you describe. This is how they can afford to pay back rewards on every $1 you spend—they’re just giving you a … The person asking this particular question was 24 years old who now wants to build credit. We'll pick the best card for you, whether it's great rewards, a low interest rate, a low annual fee or building your credit score. Recommendations for Second Credit Card. I mean I could be convinced if the people truly think it's best, What's the purpose of your next card? I am qutie new to the credit game and thus I went little overboard searching for hours on the best credit card set-ups for greatest efficiency. Yeah, it's not available at the moment, but I expect it to come back. So, yes, not many changes in the past 7 months. … Is Ward spectrographic when Jef demulsifying meaningly? APPLY NOW. Intermediate Noob question what’s the obsession with Barclays AA biz? Cover my card, restrictions to bump and the answer that gives you normally spend at your current bank. It has been updated as of 12/10/2020. Number of credit cards approved for in the past 12 months: 1. Build or rebuild your credit with the best credit cards for bad credit.