CREDIT PROFILE

    • * Current credit cards you are the primary account holder of: (list cards, limits, opening date): Bank of America Customized Cash Rewards Visa Platinum Plus, $10,000 Limit, 10/2022 (Platinum will expire soon as I have moved my 100k savings into stocks, and have 10k left in the account) 
    • * FICO Scores with source: Experian 775
    • * Oldest credit card account age with you as primary name on the account: 4 Years
    • * Number of personal credit cards approved for in the past 6 months: 0
    • * Number of personal credit cards approved for in the past 12 months: 0
    • * Number of personal credit cards approved for in the past 24 months: 0
    • * Annual income $: 57k

    CATEGORIES

    • * OK with category-specific cards?: YES
    • * OK with rotating category cards?: YES
    • Estimate average monthly spend in the categories below. Only include what you can pay by credit card.
      • * Dining $: 200
      • * Groceries $: 250
      • * Gas $: 250
      • * Travel $: 150$ per month Uber, 1500$ flights per year, 500$ hotel / airbnb per year
      • * Do you plan on using this card abroad for a significant length of time (study abroad, digital nomad, expat, extended travel)?: No. Long term!
      • * Any other categories (examples: phone/internet, insurance) or stores (example: Amazon) with significant, regular credit card spend (the more you specify, the better): $300 insurance, 15$ Spotify, 5$ Dashpass, 10$ icloud
      • * Any other significant, regular credit card spend you didn't include above?: $300 insurance
      • * Can you pay rent by credit card? If yes, list rent amount and if there's a fee for paying by credit card: No

    MEMBERSHIPS & SUBSCRIPTIONS (delete lines that don't apply)

    • * Current member of Amazon Prime?: No
    • * Current Verizon postpaid customer?: No
    • * Current member of Costco or Sam's Club? No
    • * Currently paying $13.99/month or more for Disney Bundle (Disney+ / Hulu / EPSN+) or other Hulu services? HBO/DISNEY/HULU 30$ bundle
    • * Current member of Chase, US Bank or any other big bank?: Bank of America
    • * Are you or your spouse active US military?: no
    • * Are you open to Business Cards?: no

    PURPOSE

    • * What's the purpose of your next card (choose ONE)?: saving money , travel rewards
      • * If you answered "first credit card", are you an authorized user on any other cards?
      • * If you answered "balance transfer", please give details as to why:
      • * If you answered "travel rewards", do you have a preferred airline and/or hotel chain you regularly use? : Southwest, United
    • * Do you have any cards you've been looking at? Capital One Venture X, Chase Sapphire Preferred

    100K savings in stocks, figuring out a second card to get to save and maximize money / travel rewards
    byu/Poggerman21 inCreditCards



    Posted by Poggerman21

    1 Comment

    1. Altruistic_Front_4 on

      venture x has way better perks but that annual fee might sting with your income. chase sapphire preferred could work better since you’re already spending decent on dining and travel

      btw moving 100k to stocks was smart move, especially at your age. just make sure you keep emergency fund somewhere liquid before going heavy in rewards cards. the platinum status thing shouldn’t matter much if you’re getting better rewards elsewhere anyway

      venture x gives you that $300 travel credit which basically pays for most the fee, plus airport lounge access is nice when you’re doing those flights. but sapphire preferred has better dining multiplier which fits your spending pattern better

    Leave A Reply
    Share via
    Share via