Best Credit Card: 2022
What's the best credit card for 1st year IBD analyst given WFH and new work habits?
What's the best credit card for 1st year IBD analyst given WFH and new work habits?
+189 | Is my life over after not getting GS? | 36 | 1d | |
+98 | How to stop feeling like shit for not making it in IB? | 40 | 2h | |
+59 | Updated LA Banking Scene (2024) | 42 | 1h | |
+47 | Military Officer vs. IB analyst | 20 | 2s | |
+45 | Why Is It Called Investment Banking? | 17 | 1d | |
+43 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 28 | 9m | |
+38 | best groups for energy transition? | 33 | 3h | |
+31 | UBS Actual Buyside Exits 2024 Post-Integration | 9 | 1d | |
+30 | Very ridiculous interview feedback | 15 | 1d | |
+30 | Got RBC offer but I have cold feet accepting. | 39 | 7h |
Career Resources
Bump
How is the Amex gold with that 4x points on dining compared to the CSR?
Amex Gold is super underrated imo. 4x applies to dining, Uber Eats, groceries, etc. so WFH it is still a great card even if you aren’t going out to eat. Think I get $10 a month in Uber Cash per month as well which almost halved the annual fee. You also get an Uber One pass which applies to your Uber account (discounts and free delivery on all orders, even when using a corporate card / business account for late night office meals).
This would be great if UberEATS wasn’t a total trash app where the order is “delayed” half the time and all the restaurants inflate prices compared to Seamless/GrubHub because Uber takes so much in fees.
bump
I just got the gold card this week. I’m betting that I’ll eat out as much as I did during my SA and rack up a ton of points. It seems like it has great benefits.
Bump
Second on the amex gold. Great starter card. I got lucky and was able to get a friend to use my refer a friend bonus when they were doing +4 bonus points on everything so I have basically earned an extra 100k points from paying my rent with CC and other stuff.
Pair the Chase Freedom (Unlimited or Flex) with the Chase Sapphire Reserve
I have this combo. It’s quite goos
why reserve and not the preferred? thought reserve was mostly a travel card and pref is better for dining, shopping, everyday, etc
I think the pref is better now esp since they jacked up the fees on the CSR (or at least, that's what my Chase banker told me and I don't see how it would be in their interest to recommend I drop a tier down in terms of my CC).
Hands down for CSP -- much lower annual fee and easier to breakeven. In addition, if you already have AmEx Gold + Plat, its good to have a CSP for hotel booking, lyft, commute, and boost your points from CFU.
Amex platinum if you travel at least 3-4 times a year. Credits subsidize the cost of the card and customer service is best in class. Lounge access, phone/travel/rental insurance, $200 hotel credit, $200 airline credit, $100 saks, $120 Uber credit are just some of the perks along with elite status at hotels like Marriott and rental car companies (free upgrades).
Second this. The new centurion lounge at LGA makes it worth it in itself IMO. Food and drink options are 100x better than the United club and it doesn’t matter what airline you’re flying that day. I always try to show up a bit early if I can.
Agreed
How often do bankers travel? Almost never compared to consultants?
Deleted
Bump
Have had the chase sapphire reserve for 3-4 years now and it is awesome. Each year I pay for a nice vacation purely with points.
Since they jacked up the fees I need to see if it’s still worth it..(paying for a $1k weekend trip with points next month but had crazy expenses this year).
might take out the American Express Blue Preferred and pair that with the chase sapphire preferred.. Love 6% on groceries and use the sapphire pref for everything else.
Which credit card is best if most money is spent at restaurants?
Do you prefer cash in your pocket or the opportunity for a YOLO trip?
That should be the first question people ask themselves before beginning to consider which credit card is best and which multiplier is higher. Some cards like the AMEX charge cards (Platinum, Gold, Green, Cobalt - if you're Canadian) are travel orientated cards. They are meant for you to save up points and redeem via their many transfer partners (Hotels and Airlines). It is through this method where you see people going to the Maldives "for free" on points only, etc... What it is not designed for is for you to cash out your points every month, you would only get 6/10ths of 1 cent per point if you do, a meager amount. If you have the time, effort, and interest, this can be super lucrative, especially if you were planning on taking these trips anyways. These cards offer incredible signup offers, have great perks like EQX gym membership discounts, audible discounts, free TSA precheck, etc in addition to free insurance on car rentals, travel expenses, and large purchases.
Team Cash Back
For those who prefer cash in their pockets or don't want to deal with the hassle of metaphorical coupon clipping and searching websites for point redemption amounts, this is for you. I recommend the following:
1. Citi Double Cash or WF Cash Rewards (2%). Both of these cards offer a flat 2% rate on all purchases. This is your floor, if your purchase doesn't fit into one of the later categories, use this. I'm not one to balk at CC debt, but if you are financially conscious, these cards often offer 12+ months of 0% APR where you only need to pay the min amount. Can help those of us pre-bonus make some sooner than later purchases.
2. Citi Custom Cash (5%). 5% up to 500 bucks monthly on your largest spend category.
3. BoFA Cash Rewards (3% on a category of your choice). Really good for those who bank with BoFA as they have added multipliers for people with larger amounts of assets with them. They give you 75% more if you have over 100k in assets with them (includes savings, retirement, etc).
4. Amazon Prime Card (5% on Amazon and Whole Foods). Pretty self explanatory, just need a Prime Account to get it for free.
5. AMEX Blue Preferred (6x on groceries, 6% streaming, 3% gas). Has a $95 fee but the signup bonus and regular spend should be able to cover it and then some.
Team Travel/Points
Will preface this by saving that unlike cash back, this is not a absolutely quantifiable metric. Everyone travels differently. Some people fly international, others don't even have a passport. All info is for the "average" individual.
1. Amex Gold (4x dining, 4x groceries). Also comes with aforementioned travel coverages and $10 a month of Uber credit and $10 of seamless credit (can also be used at shakeshack and a few other locations). AF $250
2. Amex Platinum (5x on airlines and hotels). A slew of benefits 10 pages long, will recommend you google it. Great card if you travel a lot. AF $695
3. Chase CSR (3x on all travel, 3x dining). Another card with a slew of benefits, again please google for full list. Biggest benefit is the flexibility of this card. The travel is for all travel unlike amex. I've even used it on a Lime scooter rental and got points for it. Also comes with a $300 travel credit which is basically free money. AF is $550 but effective AF is $250. A must have I think.
For those interested in points redemptions, there's an entire community online about this. Flyertalk, PointsGuy, AskSebby, to name a few. Good luck everyone, if you're gonna spend money, might as well get something out of it.
Dolores sed cum rerum. Omnis fugit dolores et.
Eius dolorum perspiciatis quia qui quo aut pariatur. Odio omnis omnis qui corporis excepturi aut. Nihil aperiam consectetur ut ut. Illo alias necessitatibus sapiente eos ab consequatur. Id dolorem modi aut dolor esse nam repellat.
Quas itaque deleniti at. Tempora mollitia quidem ipsam natus ipsam eius. Excepturi modi officia temporibus iste a et soluta accusamus. Ratione qui est eveniet culpa nihil quia sit ipsum. Enim doloribus voluptatum est excepturi voluptatem. Dolores est dolorem et totam. Esse ea omnis est earum tempore ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Sunt in et et id. Voluptatem est unde et qui illum aut repellendus. Quae inventore qui a et error voluptas.
Architecto autem nulla in ipsa ab nam. Esse enim et perspiciatis necessitatibus dolorem. Sunt esse vero ullam in beatae harum est.
Ipsa vel nostrum esse quia deleniti autem. Voluptatem fugiat atque et consequatur labore consequatur. Quis et facere atque nihil doloribus blanditiis quia.