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I'm signing up for a checking account with you guys, but I don't want to order a pack of checks. How would I do that? –Me
When transferring a large amount of money (probably > $10K?), it raises a lot fewer questions when the money is sent from the holding bank to the new bank, as opposed to the new bank requesting the money from a holding bank. Same sort of thing for writing a check.
Re-Bonus Limitations https://thepointsguy.com/guide/credit-card-application-restrictions/
Please note: If your current balance is less than your scheduled repeat payment at the time we process your payment, we'll reduce or cancel your payment accordingly. Also, when your selected amount is less than your minimum due, to ensure your account does not go past due and that you remain in good standing, your repeat payment will be increased to the minimum due amount. If you do not wish to have this amount increased, please contact us by 7 pm on the scheduled date.
Even though the signup bonus looks small, you can keep your money invested! (so still free money, just not very instant). https://www.doctorofcredit.com/best-brokerage-bonuses-earn-up-to-3500/
|Chase YouInvest|| $25K/$200, invested for 90 days |
Keep checking account for 100 free trades every year, although probably pulling out money before that
But don't fully deplete or else face $75 account closure fee?
|Buying VTSAX 11/28/19 ish|
|Sofi Invest||$1000/$100|| $100 received Nov 22-ish. |
Wait for a while?
|Etrade||$25K/$200||Purchasing VTSAX 11/28/19 ish|
|Ally Bank Trading||$25K/$200||$18K transferred|
|Schwab||Nice||N/A for me since I opened brokerage already|
|PNC|| $25K/$125 or $50K/$250, invested 1 year? |
Requires calling on phone, which is ok, but too much time and $ now
Requires managed acct (2%/year AUM)
|TD Ameritrade||$25K/$100 or $50K/$200, invested 1 year|
|Merrill Lynch||Decent bonus, but requires large balance checking account with Bank of America|
|Fidelity||$50K / $200|
Some are not that annoying! https://www.nerdwallet.com/blog/banking/best-bank-bonuses-promotions/. Usually maintain balance / account for 90 days.
Maybe more useful ones here, but already scanned through. https://www.nerdwallet.com/blog/banking/best-bank-bonuses-promotions/
|Chase||$300 + 2% of $15K for 90 days of mucking around. 8% risk free return, before interest taxes|| $500 direct deposit in checking monthly. $15K in savings for 90 days. Transfer $25 monthly to savings from checking. |
Don't bail out before 6 months or else you will get billed for bonus.
| Accepted Aug 20 2019
Got $300 early, $300 later on Nov 28.
Waiting for 6 months
|PNC||$300, but no acct minimums|| Within 60 days: 10 debit card transactions (use square cash or Amazon balance reload, $1 min for free), $5K of direct deposit |
Fee avoidance: $5K in direct deposit per month? Or $25 early account closure fee
Bi-weekly pay is $3k.
Can use Paypal, what is their routing number?
| Accepted 8/22/19
$300 deposited a while back. Still maintain $5K/month through Paypal or $25 account closure?
|HSBC||$200|| Still waiting…DONE!
To transfer, go to top menu My HSBC, then Bank to Bank Transfers
$1 per paycheck
|US Bank||$300||Started when? (check email) Closed w/ no fee|
|Wells Fargo||$400||When should I stop transferring $500 in per month?|
|Capital One 360 Performance Savings||$200/$10000 deposit for 90 days||Approved 11/15|
|Discover||$200 for $25000 cumulative deposits (can be in and out)|| Applied & approved 11/14
$6k transferred 11/18 from NWPCU
$6050 transferred back 11/23
|BBVA|| Expired one day earlier |
Time to go outside!
|Can transfer money using Paypal|
|Bank of the West||$1000 DD per month for 3 months = $250|| Any DD per month avoids fee. |
Worried that outgoing transfer will cause fee. Use Zelle instead?disclosure-oregon.pdf
|Stopping transfers end of February after 91 days. Maybe transfer $1 per month from DD at that point?|
|Homestreet Bank||$350|| $3K direct deposit in 90 days |
Hold $2.5K per month for no fees
Keep acct open for 240 days for $350 reward
Don't cancel before 365 days or else they reserve the right to ask for bonus back
Can transfer money using Paypal
| Approved Nov 19 2019
Waiting for signature card to send in DD
|Columbia Bank|| Have to go into bank |
Do $1 DD from work per month
|KeyBank or use Dad's referral code|| $500 direct deposit for $400 |
$500 worth of transactions a month to avoid fee
Money within 60 days, don't close before 180.
| $500 DD'ed, need to transfer out using Paypal.
December 15, transfer $500 in/out
|Citi||$15K for 60 days, $10K for 90 days to avoid $25/mo fee. $400||Cancel after 90+60 days||Transfer $14999 into savings, $1 into checking.|
|Charles Schwab||$1k deposit / $100||Keep account open to not get bonus charged back|
|Incredible Bank|| Two $300 DD within 30 days (maybe NW Priority would count?) |
Wait until $175
Speaking of which, early account closure fees for the other banks I've done…?
After talking with Glenn, we realized that for me it's not about the money. It's about “if there's a better way to do something, I want to know about it” / “puzzle solving” / “winning”. At some point it becomes unwise to spend hours optimizing a few dollars. But if it's boring stuff, paying me money won't help.
Interesting side note, different names for the same thing:
|Losing money||Oh no! Panic|
|Inflation went up 2% this year||Bummer, but can't do anything about it|
|Save money!||AWESOME! GOTTA HAVE IT|
|I will pay you money for work||Ok, kinda cool. Is it boring work?|
Type Fee Cash (N/A) No fee Debit Card (from a large bank) 0.05% + $0.21 per transaction Debit Card (from a smaller bank) 1.15% + $0.15 per transaction (capped at $0.35) Basic (no rewards) Credit Card 1.22% + $0.05 per transaction Traditional Rewards Credit Card 1.48% + $0.10 per transaction Signature Credit Card 1.48% + $0.10 per transaction Signature Preferred Credit Card 2.10% + $0.10
Relevant for me: No fees for not using card (inactivity fee), clear statement of how long it will take to pay off debt with just minimum payments and how much money goes to interest. Cool.
Yes you can, and can use personal expenses somehow, but need >$1000/year in revenue. https://medium.com/optimalist/you-can-apply-for-business-credit-cards-4384535333d7
My Delta card had a $1000 credit limit for the first 60 days. However, if you called 1-800-230-1284, they were able to deduct from my checking account on file immediately the amount needed to book my flight so I could get a increased credit limit! I.e. transferring in money so you have a balance and thus more of a credit limit, except instantly and magic-like.
Can supposedly transfer the points to a non-yearly-fee card or downgrade your account? Will need to look into.
From Ally Bank:
last 24 months
Also credit score is 750 right now. Not great, better lay off for a while…next spring maybe.
There are 2 main different scores. FICO and VantageScore. FICO seems to be 10 points less than the others.
http://CreditKarma.com is excellent for explaining these visually. CalcXML has a good calculator to play with knobs, MyFICO has less accessible knobs. CreditKarma has a good simulator too. “Credit Score Simulator”
No real difference >760 when applying for most normal loans.
|AAoA (Average Age of Accounts )|| Older = better, and averaged based on the number of open accounts
AR: Leave several open for a long time so new CC offers don't affect it. >7 years is best
|Closed accounts||Let you sign up for the card again ~2 years later. But, actions stay on your account for 10 years. Increases AAoA by removing new accounts, but indicates you are not loyal. Might want to keep a few more open than just 1.|
|Hard inquiries (needed to get loans / CC of any kind)|| Low impact to score, but go away after 2 years. So if you have a looming house purchase, think twice.
Also, don't let car sales people do a hard inquiry on you each time for a loan. Tanks your score!
|History|Can close accounts, as long as you have an old account….something like that. We'll see. Do it after Poland trip since it seems easier on the mind.
|Capital One Quicksilver||Keeping for long age of accounts. $12 remaining||4463|
|Capital one Savor|| Close next week to get big Capital One card ||9430|
|HSBC Cash Rewards||Keep open for AAoA and end of year bonus. $20 credit remaining||6155|
|Bank of America MLB||Keep open?||6831|
|Bank of America Cash Rewards||Keep open?||3734|
|Wells Fargo Cash Wise||Keep open?||7850|
|BarclayCard||$5000 / $700 (70k points)||Approved! Feb 9 2019||7647|
| Citi AAdvantage … can apply separate from Citi Premier and still get signup bonus avoiding 24-month rule. |
|US Bank Altitude Reserve|| $400 annual fee, but $375 in travel credit + 50K points |
Doctor of Credit
| Approved July 2019|
Apply for Global Entry on receipt, wait to churn on tax payment
Priority pass lounges (4 free for cardholder, 4 for guests) $28 value each
flight on same day
|US Bank Cash Plus|| $150/$500, but rewards expire in 36 months |
Approved Aug 2018
|Wells Fargo Propel||$300 / $3k. $0 annual fee|| Approved July 2019 |
Use to churn on tax payment
0% APR until August 2020. Autopay min
|Schwab|| $2000/$200 || Approved October 2019 |
0% APR until … May 2020
$200 bonus deposited
|Fidelity Card?|| $1500/$150, no annual fee |
2% cash back, Quicksilver replacement…
| Approved November 2019 |
No APR reduction
Received $180 Dec 31 2019
|Alliant Credit Union targeted? offer|| $3K/$200 |
Not much, but not much else either
| Approved Nov 19 2019 |
Need to probably spend in Q1
When will it show up?
|American Express Delta Gold|| Targeted $2K/70K miles + $50 statement bonus + perks |
Got because of work delta purchase
~$100 annual fee
| Approved Dec 31 2019 |
$2K reached on Feb 11
|PNC Bank Core CC||Targeted? $1K/$100||Approved Jan 13 2019|
|BBVA Bank||$1500/$100||Approved Jan 28 2019|
|Citi Premier, maybe AA cards?|| $4000 / $625 on airfare, $850 if on preferred list, which includes AA. |
Have to book through Citi Travel center for 1.25X points, but doesn't seem to have exact flight, but can book individually for about the same price.
So decide if you really want to come back that day or stay longer…
|Closed Jan 2 2020||7682|
Maybe I just want to just save up for Chase 5/24 for FI! Maybe do one good card a year for travel, otherwise do cash quarterly tax payments. Most of the cards only give .5c/point for cash and they're just not as good as chase.
Annual fee is 0 for first year.
Maybe annual fees are worth it sometimes.
Check this site for latest: https://www.doctorofcredit.com/best-current-credit-card-sign-bonuses/
Can also sign up for several smaller cards…
|First Tech CC's||$2000/$300||Rejected Jan 2020, no reason|
|Discover It Miles||$0/$100 referral + 3%||Rejected Jan 2020|
|Keep a paid off travel card on hand for surprise trips? One with no annual fee|
|US Bank Cash 365||$500/$150 cash, no annual fee||Rejected Nov 2019, too many tradelines opened in past 12 months. Wait for 6-12 months?|
|US Bank Radisson|| $3K spend / 120K+15K points = ~$400 towards Radisson hotels |
or $200 in cash
| Could use for Germany, but not sure I will have points in time |
and probably won't get approved
|Blue Cash Preferred||$1000/$300, but $95 annual fee|
| ||$2500 / $220 in gift cards + $100 in airfare.|
|Elements Financial||$1000/$200|| Applied. Need 10 payments totaling $1000. Also savings account active with direct deposit. No closing before 6 months. Not a problem. |
Denied Oct 2019
Lack of recent installment loans
Too many inquiries & lack of time opened
Time since most recent account opening is too short
|Amex Blue Cash||$1500?/$200|| Denied Oct 2019 |
The number of creditors who have reviewed your credit report.
The length of time you have been a customer with American Express is too short.
|US Bank FlexPerks Travel Rewards Visa||$2000/$375 travel||No annual fee 1st year|
|Wells Fargo Cash Wise||$500/$150 cash||No annual fee. Eligible in … 15 months … Nov 2020|
|$3000/$300 travel||No annual fee first year|
|Frontier Card ?||40K points, but $75 annual fee|
|HSBC Premier World||$3000 / $400 airfare||Nope! Need to be Premier checking, which is a lot of hassle at this point. $5K monthly transfer in|
|Capital One Venture / Savor||$500/$3k, $500/$3k||Shortly? Denied Fall 2018. Denied June 2019.|
| ||Always have annual fee, no waiver|
|Capital One Business||$500/$3k||Save for after Venture is done?? That'll work…\\want to keep quicksilver open|
|Bank of America Premium Rewards||$500/50K + $200 unnecessary flight stuff, but annual fee of $100|| Rejected July 2019 due to |
Too many recent accounts
Limited deposit and/or investment balance
Use friend referral bonuses from reddit or something, split them?
| Chase higher spend cards for tax payment (Chase Sapphire Preferred) |
buy through someone else
|2-3X * $500/$4000||Basically when used for travel, can get 2-3X cash value https://www.choosefi.com/travel-rewards-part-3-sweet-redemption/|
|Chase Cards, including Amazon, AARP. and Chase Freedom (non-unlimited) card|| $50/$0, $200/$500, $150/$500 |
But they follow 5/24 rule, 5 cards from ANY bank in last 24 months.
|Southwest!!||$200/$500 + 10K points (2 one-way flights to CA) - $79 annual fee||Don't need yet, but probably will someday|
| Southwest cheaper yearly fee (RapidRewardsCard.com) |
Invitation Number: 5650 1948 3298
|$100 + 40K points / $1K in 3 months - $69 yearly fee|
|HSBC Advance Mastercard® credit card|| $0 intro. |
|BankAmericard Mastercard (Susan G Komen, MLB, WWF, etc)|| $150/$500!! Wow… |
And…it gets better! If you have $100K with Merrill Edge account, then you get 75% bonus on rewards, maybe even the $150 initial reward. That's all of … $100 ?? Hmmm.
Also, you can't buy VTSAX from it, but you can transfer it. Hmm… https://www.frugalprofessor.com/financial-update-jan-2018/
| MLB got Feb 10 2018 in advance of medical bills and California trip.
Received 6 days later!
However they limit to 2 cards in 2 months, 3 cards in 12 months, etc.
Applied in May and August 2018, rejected both times
|American Express Blue cards, some have no annual fee||$200/$1000|
| ||$150/$500|| Apply for Poland trip, no foreign transaction fee. 1-888-751-9000
Have to be in a state with TD Bank help page article
|Key Bank||No signup bonus|
|Ally Bank Credit Card||$100/$500|| Password is your childhood self-assigned nickname.
Applied in March 2018 , got rejected for too often.
| HSBC Platinum Mastercard® Cash Rewards |
|$150/$500 / $150 points / $500|| Got the cash one!
Not sure about points one, but seems good
Reviews online say setting up account sucks. http://disq.us/p/1sj9acu
|Bank of America Cash Rewards Card||$150/$500||Got it, spending now. Set up e-bill so it'll pay automatically.|
|Capital One Premier Dining Rewards||$100/$500||Have it already|
|Citi cards||25-30K miles / $750||Maybe I do want miles…hmm…AA.|
|Capital One VentureOne Rewards||20K miles / $1000|
|Macy's Card||a good bit||Closed 7/8/2017|
|Wells Fargo Cash||$200 for $1000||10% bonus if deposited to their checking account, but requires minimum balance of $1500 to avoid $10/month service charge. For $20, not so worth it. Bonus hasn't showed up yet, wait a billing cycle or two (mid-august), also might need to spend $500 more to get $7 to get $25 multiple of redemption. But might not be worth it!|
|Chase Freedom Unlimited||$150/$500||Closed 7/10/17 Don't close unless you're paying a fee! Not worth it|
|Capital One Quicksilver||???||Long-term|
An alternative is to go for the cash cards. Which, I just did. Chase card for $150, spending $500 in 3 months. And just need to cancel after that and wait 24 months to reapply and get bonuses.
Pretty good article: http://www.nomadicmatt.com/travel-blogs/travel-hacking-1-million-miles-per-year/
NerdWallet does a decent job of comparing cards, but neglects to mention the Citi Double Cash, but the rewards expired at 1 year if you didn't spend more than $25 worth of rewards.