The problem with the places that have tacked on credit card processing fees is that they *did* already have cc fees baked into the price (otherwise they wouldn’t be in business still). Once it was explicitly allowed and seemed to be socially acceptable (thanks, Covid “service” fees), businesses started tacking processing fees as an additional line item without reducing their prices. It’s just a straight tip to the owner’s bottom line. Places offering cash discounts are absolutely just underreporting their cash earnings on their taxes. I don’t want to be a part of that.
Agree. I think the government tries to downplay their interest in credit cards. When they do want they, makes it easier to track everything. I think that's why they stay away from taxing rewards and have gotten interested in the payment network retailer feuds.
Barclay's Hawaiian Business + Personal were enough for first class (lie flat) round trip x1. Think its a decent redemption. But outside of that and Wyndham I'm not familiar with their cards either.
Brother RJ, you’re on the right track, happily single,…wifes are a drain in your wallet! Not worth it! I’ve been happily single for 4 years now! Will never ever, ever, get on a serious relationship again ever in my life!!! Enjoy your single life brother!!!!
Thank you for the reply Sir! My setup is that I already have the CFF and didn't want the CFU anymore so I figured the Citi DC would be a good choice also since I already have the Custom Cash (1 custom cash). The DC would be my ONLY catch all card and the CFF and CFU differences are the just the rotating and 1x vs the 1.5 on everything else so it seems it does make sense for me to have DC for my situation. My other cards I have are the SavorOne and Discover card with the rotating categories. Happy weekend!
I'd product change the CFU to another CFF and get the DC. In a years time, I'd product change the DC to another custom cash and get another 2x card. Active cash maybe. Benefit of play cash back is that you can get them from any issuer vs having to be in a system.
Appreciate the answer RJ! You’re spot on with what I was thinking but wanted to get a second opinion. I have the itch to own as prices here are cheaper here compared to the east but at this point financially it makes sense to rent.
I get it. In that case, you could look at it as a future rental. Still harder than it seems to manage it remotely but an option. For living, it'd cost too much in application/listing fees to come close to even on a sale before maybe the 5-7 year mark
Buy real estate when you know when and where you are headed, and when renting is more expensive than owning. Without a major injection of liquidity and high interest rates, I expect most real estate markets are headed for a correction.
Another reason why moving now seems to be a pain. I'd have to learn another areas market and what not. I agree, think will head for a breaking point in a year or so
I would never recommend someone buy a first house with 5 or fewer years before a long distance move unless family situation basically demands it. In addition to minimal financial benefit in the first 5 yrs of a mortgage (you pay mostly interest), you also have maintenance costs and then have to move or sell more stuff when you relocate. Its too much commitment for a place you really want to leave.
As long as Chase keeps the 1.5CPP for UR points, it's probably the safest place to stash compared to other places. Airlines and Hotels keep de-valuing their points. But booking through the portal using UR will always give you that same value.
@RJ, Thanks for your response. I totally feel that way at times about kids, especially when I see all the crazy travel redemptions for off peak travel😂. I keep joking with kids, wait till you guys go to college, my wife and I will travel around the world in business class during off peak travel with all the points I am hoarding😂
Always raining at profitable content - www.profitablecontent.com
The problem with the places that have tacked on credit card processing fees is that they *did* already have cc fees baked into the price (otherwise they wouldn’t be in business still). Once it was explicitly allowed and seemed to be socially acceptable (thanks, Covid “service” fees), businesses started tacking processing fees as an additional line item without reducing their prices. It’s just a straight tip to the owner’s bottom line.
Places offering cash discounts are absolutely just underreporting their cash earnings on their taxes. I don’t want to be a part of that.
Agree. I think the government tries to downplay their interest in credit cards. When they do want they, makes it easier to track everything. I think that's why they stay away from taxing rewards and have gotten interested in the payment network retailer feuds.
Barclay's Hawaiian Business + Personal were enough for first class (lie flat) round trip x1. Think its a decent redemption. But outside of that and Wyndham I'm not familiar with their cards either.
RJ Absolutely should visit Colombia! 😅
I love it RJ! Are you watching the debate tonight with your MAGA hat?
lol it comes on past my bed time. I'll catch the highlight in the AM. I'm with you in spirit!
Brother RJ, you’re on the right track, happily single,…wifes are a drain in your wallet! Not worth it! I’ve been happily single for 4 years now! Will never ever, ever, get on a serious relationship again ever in my life!!! Enjoy your single life brother!!!!
Sounds like this is the case for most young men these days. Wonder why that is
I am touching 50 😄. Experience in life though me. Cheers 🍻
It ain't so bad my friend. Anytime you're near DTW, you got a crash pad
@@RJFinancial 👍🎶 same here, let me know when you come to DC.
Great content as always RJ - keep up the great work!!
Appreciate it sir
The 30k Amtrak bonus isn’t the best, every year they come out with a 40k offer.
First! 😂
Spirit award to you this evening
keep $x in points. keep trimming if you go above that
Thanks for the answer!!
Based RJ
Thank you for the reply Sir! My setup is that I already have the CFF and didn't want the CFU anymore so I figured the Citi DC would be a good choice also since I already have the Custom Cash (1 custom cash). The DC would be my ONLY catch all card and the CFF and CFU differences are the just the rotating and 1x vs the 1.5 on everything else so it seems it does make sense for me to have DC for my situation. My other cards I have are the SavorOne and Discover card with the rotating categories. Happy weekend!
I'd product change the CFU to another CFF and get the DC. In a years time, I'd product change the DC to another custom cash and get another 2x card. Active cash maybe. Benefit of play cash back is that you can get them from any issuer vs having to be in a system.
Appreciate the answer RJ!
You’re spot on with what I was thinking but wanted to get a second opinion. I have the itch to own as prices here are cheaper here compared to the east but at this point financially it makes sense to rent.
I get it. In that case, you could look at it as a future rental. Still harder than it seems to manage it remotely but an option. For living, it'd cost too much in application/listing fees to come close to even on a sale before maybe the 5-7 year mark
Fidelity ~5% sweep has been in place for a while (almost a year)
Fair enough, thanks for the catch
I was mouthing the target debit card as you said it. They are always hilarious
Underrated card for sure
Buy real estate when you know when and where you are headed, and when renting is more expensive than owning. Without a major injection of liquidity and high interest rates, I expect most real estate markets are headed for a correction.
Another reason why moving now seems to be a pain. I'd have to learn another areas market and what not. I agree, think will head for a breaking point in a year or so
I would never recommend someone buy a first house with 5 or fewer years before a long distance move unless family situation basically demands it. In addition to minimal financial benefit in the first 5 yrs of a mortgage (you pay mostly interest), you also have maintenance costs and then have to move or sell more stuff when you relocate.
Its too much commitment for a place you really want to leave.
As long as Chase keeps the 1.5CPP for UR points, it's probably the safest place to stash compared to other places. Airlines and Hotels keep de-valuing their points. But booking through the portal using UR will always give you that same value.
True. Points are relatively safe with Chase compared to an Amex. I don't see the 1.5x going away anytime soon
That’s why with USBAR the new floor is 1.5 cpp. At least for me.
@@newagain9964 ooh yes that’s a good one too. And the mobile pay multiplier boost.
Does capital one still only allow 2 personal cards?
I believe so but I can't find a clear answer. I've seen people claim to have more than 2
That’s not a thing. Plenty of evidence out there.
@RJ, Thanks for your response. I totally feel that way at times about kids, especially when I see all the crazy travel redemptions for off peak travel😂.
I keep joking with kids, wait till you guys go to college, my wife and I will travel around the world in business class during off peak travel with all the points I am hoarding😂
On the plus side, you've got a P3 & P4 when they're old enough to churn with
schwab you have to buy swvxx and go sell it. really annoying