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re: Credit Card Rewards and Points Discussion

Posted by Mr BowTie on 2/7/14 at 2:26 am to Teddy Ruxpin

quote:
Looks like we're going some where fancy for about 8-10 days this winter

:pimp:

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re: U-LL loses D-Coordinator UPDATE: Nevermind they found him

Posted by Mr BowTie on 2/6/14 at 4:51 pm to SpartyGator

quote:
Louisiana Ragin' Cajuns

:casty:

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re: Real World Season 29

Posted by Mr BowTie on 2/6/14 at 4:51 pm to LSUBoo

quote:
Tom is definitely downgrading with the tatted up Asian. Of course we probably haven't seen his ex's full dose of crazy yet either.

disagree. His EX looks like an alien

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re: Marbury starts fight in chinese league game

Posted by Mr BowTie on 2/6/14 at 4:47 pm to SeeeeK

:lol:

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re: Credit Card Rewards and Points Discussion

Posted by Mr BowTie on 2/6/14 at 4:22 pm to Teddy Ruxpin

quote:
Also SPG allows for "Household" point transferring, so that's awesome as that doesn't require a legal spouse like Chase UR does.

really? did not know. My dad was traveling a lot before when using all 3, but he's retired so that stopped. We've talked about him transferring points.

So you're saying if I sign up for SPG, he can give me all of his points. He probably has like 50K or 100 or something

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re: Credit Card Rewards and Points Discussion

Posted by Mr BowTie on 2/6/14 at 4:20 pm to htownjeep

quote:
No offense, but it sounds like she's a little premature on playing around with points. She's not in a position to get a good rewards card it sounds like. She needs to repair that credit and as soon as you get her 670-700ish then I'd consider attempting again.

None taken. It was my idea :lol:

I figured she could start out like me…with a simply cash back card with like a 500 or 1K limit, then work her way up after a few years.

That was until I realized how terrible her credit score was (not her fault).

Anyway, I guess at this point the important part is to build that credit back up because when she starts working full time and is making boatloads of cash, we'll need more cards :lol: :bow:

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re: Credit Card Rewards and Points Discussion

Posted by Mr BowTie on 2/6/14 at 4:16 pm to Teddy Ruxpin

quote:
SPG

worth it?

I have 75K on my Hilton AMEX right now and since it's so inflated, I'm thinking of burning them for a vacation or something and looking into SPG.

My dad has Hilton, Marriott and SPG and has always said SPG is the best value, but the hotels seem to be lacking of late.

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re: Credit Card Rewards and Points Discussion

Posted by Mr BowTie on 2/6/14 at 4:14 pm to LSUAfro

quote:
The secured route is the way to go. In 6 months she'll be good to go. Something like $50 gets $200 limit.

Ya but even if her score goes up, would she still be able to get one even without income? She's likely to be in school until she's 27 or so, and maybe even more.

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re: Credit Card Rewards and Points Discussion

Posted by Mr BowTie on 2/6/14 at 4:07 pm to htownjeep

quote:
Why does she want one? Just to increase her score?

Do you by chance have an old card that has excellent usage (very little % of limit)? The older the better and the lower the % the better. You can add her on to that and that would help the score. Or maybe her parents have a card like that?

Example-I put my son on an oooooold cap one card that I have that isn't even in my wallet. I've had it for about 6 years-ish. I only keep about $20 charged on it and pay it down to $2 every month when I get the statement. Rinse, repeat. I usually just buy something small on amazon and use that card.

His credit went from zero (was 18 at the time and no credit at all) and now over a year later his score is better than mine (yours too).

She said she had called some places and she could get one if I co-signed? bad idea? I don't know enough about CCs to delve into that.

She doesn't really need a CC, but it makes sense. She has a ton of loan money to pay for things like gas, groceries, etc., so instead of using a debit card, why not use a CC and get rewards for it?

I could add her to my Discover card. I opened that almost four years ago. I don't use it anymore. Maybe a few times a year to put gas on it then I pay it off.

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re: Credit Card Rewards and Points Discussion

Posted by Mr BowTie on 2/6/14 at 4:01 pm to LSUAfro

quote:
Not having income is the real killer for her. She can't get a Capital One Secured Credit card or something similar?

Do this. My wife had to do this years ago and within 6 months was able to be accepted for most average credit cards

I'll check it out.

She's basically tried several cards like Discover students and some of those other students cards and was denied.

You are right, though. Income is the killer.

I had small jobs in college and in the summer, plus had bank roll and several assets tied up, along with car insurance. That's when I got the Discover cash back card.

I figured she wouldn't have a problem with that but was instantly denied :lol:

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re: Credit Card Rewards and Points Discussion

Posted by Mr BowTie on 2/6/14 at 3:43 pm to Mr BowTie

Also, and this question is for anyone, but my GF is having trouble getting a CC.

She's in graduate school and only income is loan money with no job. She's applied for some low-level cards and has gotten rejected. Her credit score is very low because most of her stuff is still in her parents name.

Any recommendations? Should I add her on one of my cards to help get her score up, or will that mess with my utilization ratio and therefore damage my credit score?

I'm at like a 760 now and don't want anything to mess it up

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re: Credit Card Rewards and Points Discussion

Posted by Mr BowTie on 2/6/14 at 3:40 pm to Teddy Ruxpin

Not as many as I thought :lol: but still plenty for me

How many of those have an annual fee, though?

As of now, I have a hotel card, airline card and cash back card. I want to add, but not sure what to get. Maybe I'm just bored and am looking for excitement through CCs :lol:

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re: Credit Card Rewards and Points Discussion

Posted by Mr BowTie on 2/6/14 at 3:31 pm to Teddy Ruxpin

quote:
I do something like: Use Card A, Load, Use Card B, Load, Pay off Card D, Use Card C, Load, Pay Card A; etc. in all kinds of amounts $100, $250, $500, whatver.

How many CCs do you have? :lol:

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re: Credit Card Rewards and Points Discussion

Posted by Mr BowTie on 2/6/14 at 3:28 pm to htownjeep

quote:
Care to share your method? Is a lot of that multiplied on a specific card?

If he's using BB, it's pretty easy to get that much, depending on how much you spend.

For me, I have around 1,000 a month I write in checks for rent, loans and entergy. If I use VRs for that to pay, that's 1,000 in Southwest rewards ASAP.

I usually have another 1K in expenses, so if my CC bill is 2K/month and I go buy 2K to reload BB and pay off my CC Bill, I'm at 4K rewards just like that. So basically, I'd be tripling my rewards per month.

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re: Credit Card Rewards and Points Discussion

Posted by Mr BowTie on 2/6/14 at 3:23 pm to Teddy Ruxpin

quote:
I earn about 10,000 points a month easy.

using your bluebird? Do you pay your CC bill with BB?

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re: Credit Card Rewards and Points Discussion

Posted by Mr BowTie on 2/6/14 at 3:04 pm to Teddy Ruxpin

quote:
Yes, I've done student loans as well.

With those you search for the company on the bluebird site. Once it finds it you add as payee and enter your payee account # info.

sweet. thanks. :cheers:

Just opened an account on bluebird and card will be here in 1-2 weeks :nana:

quote:
I haven't got ballsy enough to pay my CC bill though.

Was actually just reading about that. Seems too risky, but tempting. Think about it, if you charge normal bills that cost you around a few grand a month, then pay with bluebird when your CC bill is due, easily could be like 10,000 points a month :ahh:

For me, that's like a free flight or hotel room per month. I would feel like a fraud doing something like that :lol:

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re: Credit Card Rewards and Points Discussion

Posted by Mr BowTie on 2/6/14 at 2:07 pm to Teddy Ruxpin

That's awesome. I've read some CC companies may flag your card and/or shut you down and take points away. $600 per month shouldn't be a big deal, right?

I'm about to order the Bluebird card today and figured I could just alternate months with my Visa/AMEX, so $600 every other month shouldn't be an issue.

Does it also work for student loans? I don't do checks with that, just auto-pay online

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re: Credit Card Rewards and Points Discussion

Posted by Mr BowTie on 2/6/14 at 1:54 pm to nelatf

quote:
My bluebird card is on the way - and my CVS sells VR....i am ready to roll!!!

Is it really as simple as it seems?

Order Bluebird card, buy vanilla at a store, load to bluebird and pay bills?

If so, I may do this. Read up some on it the other night. If I'm paying $600/month for rent, is there a way to write a check with Bluebird?

I normally just write a check with my chase account, but if I can get $600 in rewards per month just for rent, I definitely want to do that.

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re: Credit Card Rewards and Points Discussion

Posted by Mr BowTie on 2/4/14 at 7:34 pm to Teddy Ruxpin

Newb CC guy here.

I have the Hilton Hotels Reward CC, but I'm unhappy with it. I guess shame on me for not doing full research. I knew the points were somewhat inflated, but it's crazy they want around 30,000-40,000 points for a night at most hotels.

Anyways, like I said, new to CC and might just want to get rid of this card. Will it hurt my score to get rid of it? Or should I just keep it and keep it active with a few purchases a year?

Any help is appreciated.

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