Credit card rewards - why not take advantage?

Discussion in 'Business, Investing & Finance' started by oxrageous, Mar 14, 2019.

  1. BNAG8R

    BNAG8R Pronouns: them, they, their
    Moderator

    Joined:
    Jun 10, 2014
    Messages:
    2,237
    Oxbucks:
    $3,750
    Ratings:
    +6,434 / -91
    Brad suggested I post this - I just signed up for the Apple Card - interesting concept. Backed by Goldman Sachs and MasterCard branded, the “rewards” are good (not great) but other perks have me liking it so far.

    First - it’s an Apple Pay card - you actually don’t have to have a “card” at all. It took about 3 mins to apply, and I used it instantly to purchase a MacBook and iPad (plus some accessories) and got 6% cash back (an offer through Dec 31).

    The “cash back” is instantaneous- immediately is available in your “Apple Cash” account and can be used for anything and anywhere Apple Pay is accepted.

    There are zero fees (nothing initial, nothing annual) and the standard cash back is 3% for all Apple purchases, 2% for all other purchases (with Apple Pay) and 1% for all purchases that use the “physical” card. You have to request the card (through the Apple wallet) - it took 4 days to get here, has no number, expiration, or CVV number - it’s just a swipe strip and a chip, and my name on the card. It’s titanium and heavy :)

    What I like is the security. Every transaction is on a different number (you can even get a “manual CC number” for things like online transactions that you manually enter the number, expiration, and CVV number that is a “one time” number).

    Everything is done through Apple wallet - all transactions, statements, analytics, payments, cash back...everything. I currently use a Chase VISA Southwest card for everything, but my Southwest flying days are likely being replaced by United (more international now) so this seems like it might be a worthy replacement. I figure I’ll clear $2500/yr with no fees...not bad including the security features.
     
    • Gatormac2112

      Gatormac2112 The Voice of Reason
      Lifetime Member

      Joined:
      Sep 7, 2014
      Messages:
      1,206
      Oxbucks:
      $883
      Ratings:
      +1,662 / -30
      I just use a straight up cash back card, I don’t like having to worry about using one card for gas, another for groceries, etc., nor do I want to be hassled with points and conversion for travel. Straight up 2% with my Citi card no matter whether I’m paying for groceries or porn. And yes, my life is basically charged and I pay it off every month. I’ve never paid a dime of interest on it.
       
    • EyeDocGator

      EyeDocGator Politically Incorrect
      Lifetime Member

      Joined:
      Oct 26, 2015
      Messages:
      2,764
      Oxbucks:
      $5,633
      Ratings:
      +6,989 / -170
      You pay for porn?
       
    • Gatormac2112

      Gatormac2112 The Voice of Reason
      Lifetime Member

      Joined:
      Sep 7, 2014
      Messages:
      1,206
      Oxbucks:
      $883
      Ratings:
      +1,662 / -30
      No of course not, just adding something absurd for comedic effect
       

    Share This Page

    The Box

    Help

    You don't have the necessary permissions to use the chat.

      1. There are currently no users chatting.
        • About Us

          Our community sprung up when the Gatorsports message board was shut down in the summer of 2014. We pride ourselves on offering Gator-biased, yet critical discussion among people of all different backgrounds. We are working every day to make sure our community is the best Gator message board you will find.
        • Like us on Facebook

        • Buy us a Zima!

          The management works very hard to make sure the community is running the best software, best designs, and all the other bells and whistles. Care to buy us a non-alcoholic Zima? We'd really appreciate it! Just click the "Donate" tab at the top of the page.