Why the Chase Freedom is a great first credit card

Why the Chase Freedom is a great first credit card

Last year, the Fed released a report (then analyzed by the New York Times) that said for Americans under the age of 35, their credit card debt had fallen to its lowest level since 1989. Continuing:

Some older Americans have also been shedding credit card debt since the financial crisis that began in 2008. But for no other age group has the decline in the proportion holding credit card debt been more rapid than it has been for young Americans — who are often referred to as millennials — the data from the Survey of Consumer Finances shows.

This doesn’t mean that millennials are shying away from credit cards necessarily, rather they have much less credit card debt, but the two are sort of connected.

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Hilton HHonors (AMEX) – Increased Bonuses

Please note that I will always try to post the best sign-up bonus, but you should also do your own research!

Cards:

Yesterday, u/wolfroad over on reddit posted that the bonuses for these cards was much higher than usual. Generally, the base card offers  50,000 points for spending $1,000 in 90 days and the Surpass cards offers 75,000 points after spending $3,000 in 90 days. Let’s take a look at the current offers below the jump, available until November 30th:

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Delta SkyMiles Credit Cards – Increased Bonuses

Please note that I will always try to post the best sign-up bonus, but you should also do your own research!

Cards:

  • Gold Delta SkyMiles card by American Express
  • Platinum Delta SkyMiles card by American Express
  • Delta Reserve card by American Express

Last week, the bonuses for these three cards changed for the better. Generally, the Gold and Platinum cards over 30,000-35,000 points after spending $1,000 in 90 days and the Reserve grants you 10,000 MQMs (Medallion Qualifying Miles) after making a purchase. Let’s take a look at the current offers below the jump, available until November 9th:

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Starwood Preferred Guest Card – Updated Bonus

Please note that I will always try to post the best sign-up bonus, but you should also do your own research!

Card:  Starwood Preferred Guest Card by American Express

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Normally, this card rewards you with 25,000 points for spending $3,000 in 90 days. Every year, the bonus goes to 30,000-35,000 points for about a month.

This, however, is a brand new offer:  2 free nights after you spend $3,000 in 90 days. These free nights can be used on category 1-5 SPG properties. If you’ve been holding out on getting this card, is now the time to jump on this? My answer is…maybe but mostly no, and here’s why:

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At it’s best, this bonus is worth 24,000-32,000 points and at it’s very worst, this bonus is worth only 4,000-6,000 points. Clearly, you should NOT use this bonus for a category 1 stay. The only way this bonus is a better value than the 25,000 point bonus (still available here) is if you stay at a category 5 property.

In addition, if you’re planning on staying at a category 1-3 property, the points will get you more than 2 nights:

  • Category 1:  8-12 nights
  • Category 2:  6-8 nights
  • Category 3:  3 nights

My verdict:  unless you have a two-night stay coming up in an area with a category 5 property, go with the original, 25,000 point bonus while you still can.

What Can You Do With 80,000 jetBlue Miles?

Last week, I was approved for the jetBlue Plus credit card by Barclaycard, which will earn me 30,000 points after I spend $1,000 in 90 days. Once I reach the minimum spend, I’ll have about ~82,000 points for travel on jetBlue.

The million dollar question is–what can you do with all these points? Below, I’ve laid out 5 examples of NYC-based redemptions, and the points required for them. 4 of the 5 will allow me to take Nick along with me, with points left over! So what are we waiting for? Let’s dive in!

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