Money Investing megathread extravaganza - Page 27

**DaFace** · 06:35 PM

A place to talk about investing stuff.

Discuss Thrower · 08-30-2016, 04:03 PM

Quote:

Originally Posted by Nirvana58

Amazon rewards card gives you 3% cash back on all purchases from Amazon. So if you are a prime member or order a lot of stuff off of Amazon it definitely comes in handy. No Annual Fees

Fffff****, I should have applied to this one before I ordered my books for the semester.

Jewish Rabbi · 08-30-2016, 04:11 PM

Fidelity Visa and Citi Double Cash are about as good as they come for those looking to keep it simple. Solid recommendations.

ChiliConCarnage · 08-30-2016, 06:45 PM

Quote:

Originally Posted by Discuss Thrower

Fffff****, I should have applied to this one before I ordered my books for the semester.

The prime store card gives 5%. Have to be a prime member. Ive never used it though myself

**Buehler445** · 08-30-2016, 07:53 PM

I have a card through my local bank that I use solely for reimbursable expenses. Wife has a Cabela's card she got when we got engaged (she had no credit history at all).

Last year we got a SAMs card because I was tired of dicking with debit cards and shit. They don't take Visa and that's all I had otherwise.

Pretty much chose mine because of convenience and don't want to change for the billion years of credit history I would give up.

FWIW they are all 3 auto debited each month. Highly recommend it.

**Rain Man** · 08-30-2016, 09:15 PM

Quote:

Originally Posted by Buehler445

I have a card through my local bank that I use solely for reimbursable expenses. Wide has a Cabela's card she got when we got engaged (she had no credit history at all).

You better hope your wife never finds out you call her that.

**DaFace** · 08-30-2016, 10:55 PM

I'm primarily using a Discover Miles card that they don't offer anymore. $60 annual fee, but straight 2% on everything (assuming you use it for either travel credit or Amazon). I also have an Amazon card for the 3% at Amazon and a Costco card that does 4% on gas, 3% on restaurants, 2% at Costco, and 1% for everything else, but the rewards are only redeemable at Costco.

If people aren't aware of it, Nerdwallet is a fantastic resource for evaluating rewards cards. They have a calculator that lets you tell it roughly how much you spend on various categories each month, and it'll give you suggestions on which cards will net you the most in rewards.

https://www.nerdwallet.com/credit-cards

**DaFace** · 08-30-2016, 10:56 PM

Oh, and I charge literally everything I can for the rewards. Everyday expenses, monthly bills - everything. If they let me charge it, I do. I probably rack up around $50-$75 in rewards every month. As lewdog said, you just have to be sure you have the discipline to never spend more than you can immediately pay off. Carrying balances is bad mmkay.

**Buehler445** · 08-31-2016, 07:18 AM

Quote:

Originally Posted by Rain Man

You better hope your wife never finds out you call her that.

Goddamned autocorrect. Fixed it.

ChiliConCarnage · 09-01-2016, 04:42 AM

Quote:

Originally Posted by DaFace

I also have an Amazon card for the 3% at Amazon and a Costco card that does 4% on gas, 3% on restaurants, 2% at Costco, and 1% for everything else, but the rewards are only redeemable at Costco.

I was thinking about getting the new Costco card but then read someone say they were having to call in because Quiktrip wasn't being flagged as gas. I don't want to track that shit and have to call in and have them fix it. Are you having good luck with it assigning gas and restaurants properly?

I was already on edge because I don't like how they pay the money back but the %s were high enough it seemed like it might be worth it.

wutamess · 09-01-2016, 07:52 AM

Quote:

Originally Posted by lewdog

Have you ever actually tapped your Roth? I worry it's not as seamless as it seems. Then again, even if it takes 2 weeks, you could always charge it and pay it off in full once the money arrives I suppose.

Actually, I had to take money out of both IRAs (wife and mine) last month because we can't contribute the maximum $5500 to both IRAs anymore or we'll get penalized. So I Sold off the some stagnant investments out of both of them and transferred the money to my bank account the next day. No penalty had to come out and it was rather painless. Entire process took 2 days as the money was in my bank account the next business day after the transfer.

It's as simple as that. It literally is a savings account.

**DaFace** · 09-01-2016, 08:32 AM

Quote:

Originally Posted by ChiliConCarnage

I was thinking about getting the new Costco card but then read someone say they were having to call in because Quiktrip wasn't being flagged as gas. I don't want to track that shit and have to call in and have them fix it. Are you having good luck with it assigning gas and restaurants properly?

I was already on edge because I don't like how they pay the money back but the %s were high enough it seemed like it might be worth it.

Yeah, that does seem to be an issue. I had assumed that it was because I often get gas at Safeway, but I've definitely not been getting 4% on that. Conoco seems to come through OK.

**lewdog** · 09-08-2016, 05:23 PM

Finally pulling the trigger on a refinance for the mortgage. Locked in a 3.625% rate today and couldn't pass it up. Should save us about $150 a month on our mortgage. Just have to complete the paperwork and appraisal. We still plan to pay our current mortgage rate, as it's plenty comfortable for us. This should allow us to pay off our mortgage sooner.

eDave · 09-08-2016, 05:25 PM

Quote:

Originally Posted by lewdog

Finally pulling the trigger on a refinance for the mortgage. Locked in a 3.625% rate today and couldn't pass it up. Should save us about $150 a month on our mortgage. Just have to complete the paperwork and appraisal.

Nice

**lewdog** · 09-08-2016, 05:33 PM

Quote:

Originally Posted by eDave

Nice

I was pretty jacked! Our current rate is 4.625% that we got in Feb of 2014. Reason it was higher is that my wife's credit score was about 730 at the time, and they use the person with the lowest credit score for approval. This time mine was 805 and her's was 790, so he said our super high credit score would get us a great rate.

ChiliConCarnage · 09-08-2016, 05:42 PM

Quote:

Originally Posted by lewdog

Finally pulling the trigger on a refinance for the mortgage. Locked in a 3.625% rate today and couldn't pass it up. Should save us about $150 a month on our mortgage.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $1896899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 51,868

08-30-2016, 04:11 PM	#392
Jewish Rabbi What's up braj? Join Date: Jun 2008 Location: Placencia, Belize Casino cash: $1988320	Fidelity Visa and Citi Double Cash are about as good as they come for those looking to keep it simple. Solid recommendations.
Posts: 15,597

08-30-2016, 07:53 PM	#394
Buehler445 Supporter Join Date: Apr 2007 Location: Scott City KS Casino cash: $2184734	I have a card through my local bank that I use solely for reimbursable expenses. Wife has a Cabela's card she got when we got engaged (she had no credit history at all). Last year we got a SAMs card because I was tired of dicking with debit cards and shit. They don't take Visa and that's all I had otherwise. Pretty much chose mine because of convenience and don't want to change for the billion years of credit history I would give up. FWIW they are all 3 auto debited each month. Highly recommend it. Last edited by Buehler445; 08-31-2016 at 07:17 AM..
Posts: 56,846

08-30-2016, 10:55 PM	#396
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $1896899	I'm primarily using a Discover Miles card that they don't offer anymore. $60 annual fee, but straight 2% on everything (assuming you use it for either travel credit or Amazon). I also have an Amazon card for the 3% at Amazon and a Costco card that does 4% on gas, 3% on restaurants, 2% at Costco, and 1% for everything else, but the rewards are only redeemable at Costco. If people aren't aware of it, Nerdwallet is a fantastic resource for evaluating rewards cards. They have a calculator that lets you tell it roughly how much you spend on various categories each month, and it'll give you suggestions on which cards will net you the most in rewards. https://www.nerdwallet.com/credit-cards
Posts: 51,868

08-30-2016, 10:56 PM	#397
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $1896899	Oh, and I charge literally everything I can for the rewards. Everyday expenses, monthly bills - everything. If they let me charge it, I do. I probably rack up around $50-$75 in rewards every month. As lewdog said, you just have to be sure you have the discipline to never spend more than you can immediately pay off. Carrying balances is bad mmkay.
Posts: 51,868

09-08-2016, 05:23 PM	#402
lewdog Mod Team Join Date: Sep 2011 Location: Valley of the hot as **** Casino cash: $1771900	Finally pulling the trigger on a refinance for the mortgage. Locked in a 3.625% rate today and couldn't pass it up. Should save us about $150 a month on our mortgage. Just have to complete the paperwork and appraisal. We still plan to pay our current mortgage rate, as it's plenty comfortable for us. This should allow us to pay off our mortgage sooner.
Posts: 45,617