Best Credit Cards:
As the year winds down, the best credit cards list has got some exciting entrants as well as usual banks that are well known to the community.
The new exciting list of cards are:
Barclays Jetblue card
Citi AAdvantage card
Bank of America Premium Card
I would recommend only small amount of credit cards like above list. The reasons are multi fold. One is that the banks are becoming more stringent and not approving any new credit cards. Two is that the avenues have drastically fallen down.
One big death knell for those that spend credit cards fast was the Money Order option using USPS. After a long time, USPS early in november 2017 stopped issuing money order for non cash options or non bank debit cards. This was a very huge blow and probably the single most reason that will put an end to entire blogging industry around this activity. The blogs if you noticed have merged to finance blogs on a larger scale or a lifestyle blog or daily deals. Hence most of these blogs are going to run out of their primary or core option of noting interesting offers. That combined with Amex enforcing once in a life rewards, Chase having 5/24 rule and tight generation of new cards by the rest like Barclaycards or Bank of America or Citi means all the major players are have drawn rather stiff boundaries to this game.
Further, most way to spend high amount of money such as online transactions or Money orders or really anything else has gone into too much of trouble zone and return on investment is rather low. Honestly, the more profitable parts of this whole ecosystem would be rather writing a blog like this. And if the blogs have sustained readerships in at least 10k+ daily users that is good. But with dwindling content or rather real interesting content, how much more would these users be enticed to visit on a daily basis? I have switched to rss reader and it is much easier to follow the news that way.
Basically, there are lot of limitations from banks issuing the credits cards at both national and regional level, the rewards are on limited avenues, the mediums to rake up huge spend are rather limited, the ROI on the whole process is not worth the time. For me, it should be in at least generating few $100s of net profit to do something meaningful. Likewise with so many hustle offers - they are giving a sub 100 profits. The banks with $200 may not be feasible from credit management point of view. A few banks that offer $300 is hard to maintain and in the long run honestly I see that there is not much point in this. Which is why I had taken steps some years ago to merge this with my finance blog. By all accounts, the golden age of credit card spending and rewards using huge spends is behind us. There will still be some avenues in cards and spending in future that will come but it is not going to match the old era.
As the year winds down, the best credit cards list has got some exciting entrants as well as usual banks that are well known to the community.
The new exciting list of cards are:
Barclays Jetblue card
Citi AAdvantage card
Bank of America Premium Card
I would recommend only small amount of credit cards like above list. The reasons are multi fold. One is that the banks are becoming more stringent and not approving any new credit cards. Two is that the avenues have drastically fallen down.
One big death knell for those that spend credit cards fast was the Money Order option using USPS. After a long time, USPS early in november 2017 stopped issuing money order for non cash options or non bank debit cards. This was a very huge blow and probably the single most reason that will put an end to entire blogging industry around this activity. The blogs if you noticed have merged to finance blogs on a larger scale or a lifestyle blog or daily deals. Hence most of these blogs are going to run out of their primary or core option of noting interesting offers. That combined with Amex enforcing once in a life rewards, Chase having 5/24 rule and tight generation of new cards by the rest like Barclaycards or Bank of America or Citi means all the major players are have drawn rather stiff boundaries to this game.
Further, most way to spend high amount of money such as online transactions or Money orders or really anything else has gone into too much of trouble zone and return on investment is rather low. Honestly, the more profitable parts of this whole ecosystem would be rather writing a blog like this. And if the blogs have sustained readerships in at least 10k+ daily users that is good. But with dwindling content or rather real interesting content, how much more would these users be enticed to visit on a daily basis? I have switched to rss reader and it is much easier to follow the news that way.
Basically, there are lot of limitations from banks issuing the credits cards at both national and regional level, the rewards are on limited avenues, the mediums to rake up huge spend are rather limited, the ROI on the whole process is not worth the time. For me, it should be in at least generating few $100s of net profit to do something meaningful. Likewise with so many hustle offers - they are giving a sub 100 profits. The banks with $200 may not be feasible from credit management point of view. A few banks that offer $300 is hard to maintain and in the long run honestly I see that there is not much point in this. Which is why I had taken steps some years ago to merge this with my finance blog. By all accounts, the golden age of credit card spending and rewards using huge spends is behind us. There will still be some avenues in cards and spending in future that will come but it is not going to match the old era.
