MunsyBuns16

I continue to be lean on cash reserves. Then, I've got nearly $7,000 in an investment account invested in an index fund. Paying off the rest of my student loans has been a priority (especially since I've been lucky enough to have not lost my job through all of this mess). It's a guaranteed return on my cash given the looming expiration of the 0% interest period. Hoarding cash doesn't do me any good at this point, but everyone's situation is different.

Chase Freedom ($13,500 SL) for the small SUB and the 5x grocery multiplier for the first year and the 5x Lyft multiplier until March 2022

And, if OP could've paid the cards off monthly (as stated in the MyFico post), why didn't he? Chase is not one to play with regarding prolonged high utilization. I don't see the point in paying thousands of dollars in interest monthly on credit cards for business purposes. It doesn't make sense to me, especially if the CC spend is primarily on inventory (illiquid assets) to begin with. It's a ticking time bomb.

Looks like OP is not liquid, or else the cards would've been PIF monthly.

I've found that it's not really feasible to get a car--at least what I would want--without having to commit thousands in income (cash) or getting a loan on it. It wouldn't make sense given my student loans Getting by on rideshare/public transit hasn't been much of a detriment to my life. The dealers can wait to get my money. Get a wahhhmbulance

I pay my share of the family cell phone bill and my dry cleaning via check. I don't want to share my Cash App with my parents lol

The transit service in Houston still takes cash (even pennies lol) at the stops. But, I use its app and pay for fares with my cards.

Hasn't affected me long-term, Heg. I think the whole "car vs transit/ride-share" debate is similar to the "rent vs buy" debate when it comes to housing. I think each situation is unique.

Haven't owned a car, yet. I mostly take transit and Lyft going to and from work. It works for me because I'm focused on paying off my student loans and don't need a car payment to slow that process; plus, I'm picky when it comes to cars. The kind of strategy that Mr. Wonderful outlines works well if you make enough money, plan well, and work/live in an urban area.

I still have the old Visa version of this. The travel and dining angle is interesting, though, because I think BoA has a broad definition of what's considered "travel" (like Chase).

I hate GrubHub with a passion (bad experiences with it in the past and I think Favor/Postmates are better). However, I might try the airline gift card thing to take advantage of that credit. I *also* have a referral link for anybody who's interested.

Capital One is apparently upgrading the existing Savor card. Now, it's a 4/2/1 card (4% dining and entertainment, 2% grocery, 1% base) with a sign-up bonus. However, it now comes with a $95 AF (waived in the first year for new cardholders). https://www.capitalone.com/credit-cards/savor-dining-rewards/ And now, there's a SavorOne card with the old 3/2/1 structure (3% dining and entertainment, 2% grocery, 1% base). No AF https://www.capitalone.com/credit-cards/savorone-dining-rewards/ If only they countered the UBER Visa with a Lyft World Mastercard (but no one at CapOne could be that smart, could they?)

If paying upfront won't hurt you cash-wise, pay cash now. If you want to finance it, take the 90-day offer and pay it off way before the 90-day period ends. I did that with my bedroom set.

No rewards pffffffffffttttt

Only recession I might see in the future would be to get rid of my Capital One Platinum card. Small limit, and it hasn't unsecured yet after almost three years.