Misc Credit Card Questions

[hide4]

Do you have to be 21 yrs old to write your family income on the credit card applications?

[yochiek93]

Do you have to be 21 yrs old to write your family income on the credit card applications?

That's what it says on the amex application

[Wizard]

Is the Citi Bank Double Cash back card a good card? It gives 2 points per dollar (when you purchase and when you pay your bill)... DDF approved or not?

[D93]

Is the Citi Bank Double Cash back card a good card? It gives 2 points per dollar (when you purchase and when you pay your bill)... DDF approved or not?

2 cents not points.
There's no sign up bonus.

[Wizard]

2 cents not points.
There's no sign up bonus.

Can't be used as points?

[sedge]

Is the Citi Bank Double Cash back card a good card? It gives 2 points per dollar (when you purchase and when you pay your bill)... DDF approved or not?

I have the card and use it for R$ on categories not covered by other cards. Puts a few good bucks back in the coffers.

[D93]

Can't be used as points?

It's a cash back card.

[David Smith]

2 cents not points.
There's no sign up bonus.

I can think of worse things. There are better cards to MS on, though.

[Wizard]

I can think of worse things. There are better cards to MS on, though.

Dan considers Freedom points 1.7 cents and this is 2 cents. Isn't that better?
Also, what do you mean about MS spending?

[TimT]

Dan considers Freedom points 1.7 cents and this is 2 cents. Isn't that better?
Also, what do you mean about MS spending?

Manufactured Spend

[lunatic]

Is the Citi Bank Double Cash back card a good card? It gives 2 points per dollar (when you purchase and when you pay your bill)... DDF approved or not?

It's a good card for cash back. Some people value cash more than points and for them,  this is good. Even those that prefer points, might use this when there is no bonus catagory

[Wizard]

Manufactured Spend

I know what MS stands for, I wanted to know what he meant as to why it isn't good for using it for MS?

[Wizard]

It's a good card for cash back. Some people value cash more than points and for them,  this is good. Even those that prefer points, might use this when there is no bonus catagory

If the most a Freedom card point is 1.7 cents shouldn't this be a much better card than the freedom for the non-bonus categories?

[yochiek93]

If the most a Freedom card point is 1.7 cents shouldn't this be a much better card than the freedom for the non-bonus categories?

Where does he say that?

[David Smith]

Dan considers Freedom points 1.7 cents and this is 2 cents. Isn't that better?
Also, what do you mean about MS spending?

There are two reasons a person may want to MS: to hit a spending threshold to get a bonus, or if the MS generates more than it costs. For spending threshold, you're obviously going to do whichever card you need to hit the threshold on. For everyday spending that doesn't have a bonus category over 2%, a 2% card isn't bad. Obviously, you also want to take into account which card offers the best consumer protections, depending on what you're buying. That's the main reason I wouldn't use gift cards to shop, even though i can effectively utilize bonus categories everywhere if i do. For MS for generating points from the spend, you can do better than 2% by utilizing the bonus categories on various cards. You also want to take into account that points are often more valuable than cash back, so you may be better using a 2% points card.

[CS91]

BUMP. I want to know if today is the last day to spend for statements closing in 2015, or  will I have more time.
Thank you.

Today is/was probably the last day. IME, the statement change date kicks in for the next cycle unless your previous statement just closed.

[Wizard]

There are two reasons a person may want to MS: to hit a spending threshold to get a bonus, or if the MS generates more than it costs. For spending threshold, you're obviously going to do whichever card you need to hit the threshold on. For everyday spending that doesn't have a bonus category over 2%, a 2% card isn't bad. Obviously, you also want to take into account which card offers the best consumer protections, depending on what you're buying. That's the main reason I wouldn't use gift cards to shop, even though i can effectively utilize bonus categories everywhere if i do. For MS for generating points from the spend, you can do better than 2% by utilizing the bonus categories on various cards. You also want to take into account that points are often more valuable than cash back, so you may be better using a 2% points card.

Thanks for the detailed response! There's a 2% points card?

[Wizard]

Where does he say that?

Can't find it now but I'm pretty sure thats what he evaluated it at..

[yochiek93]

Can't find it now but I'm pretty sure thats what he evaluated it at..

I would say he said at least 1.7, freedom with csp is regular ur

[Wizard]

I would say he said at least 1.7, freedom with csp is regular ur

Yeh thats probably what he said... Whats CSP?