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What credit card I Shen?—-Long term review

Credit Card Review ymlulu 254次浏览 0个评论

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Shen Ka index – let you quickly select a suitable credit card

This paper applies to how to choose a long term credit.

After you understand the reason for applying for a credit card, the most direct question is, how can I apply for a credit card to hold?In order to answer this question, first of all, ask yourself three questions

  • What is my usual spending habits?
  • What I expect from a credit card to get?
  • What is the background on my credit?

First second question determines the range suitable for your credit cards, 3rd, determine your card, you can choose the best card for you (God) or generic card (new card).Because each person's consumption habits, hoping to get something different, this combination is very complicated.Meanwhile, very rare to see one card covers all consumer categories and awards categories, main spending (total consumption) and demand (such as the main hope for China and tickets), to sort all the cards, you can obtain needed card.Below we give a detailed analysis

What credit card I Shen?----Long term review

1. What is my usual spending habits?(Annual fees VS no annual fee)

Question spending habits actually consists of two things: consumer products (such as grocery shopping, grocery shopping, electronics, oil) consumption amounts (consumption amount in one month in all categories).Knowing consumption category, it is clear that we can choose in these categories provide cash back or rebate credit card.Consumption amount whether or not you want to select one of these categories reward was given more credit cards.Such as:

2. What I expect from a credit card to get?(Cash back VS rebates)

A credit card can often provide a wide range of feedback can be summarized the following three points:

  • Cash back: consumer credit card 1%-5% cash back
  • Rebates: consumer credit card rebates, points they can redeem for airline tickets, hotel and so on
  • Services: priority boarding, road assistance, hotel room upgrades, VIP lounge.

The choice between cash back and rebate depends on whether you have travel or have a round-trip ticket between China and needs (if required), if you would like to learn some skills (Blogger, these techniques will be described in detail in a future article).Of course, choose cash back benefit is simple, select the rebate benefit that you higher returns.In addition, credit card offers additional services is also a plus.

3. What is the background on my credit?

Credit background determines your credit card policy, novices and of course select a credit card for easy adoption and value experienced wider choices, you can choose to reward higher levels of credit cards.As the following two people:

4. A comprehensive analysis

Here bloggers can only give some general interpretations and personal situation is different and requires individual analysis.Give a few specific examples below:

Small: students in the school as a Research Assistant, monthly income of 1000, car-free, single.

  • Spending habits: usually buy food to Cook ($300/months), students and holiday travel about 3 times a year or return on major purchases online.
  • Wanted: cash back (think points too much trouble)
  • Credit background: credit for half a year, 1 card, with an average score of 680

Analysis:

  • Consumption is relatively low credit history long enough + need + cash back = no annual fee cards cash back cards

Featured card:

  • Amex Blue Cash Everyday (stamp I see details): buy 3% cash back
  • Discover IT (poke me how) and Chase Freedom (stamp I see details): 5% quarter rotation includes online shopping, eating, Department store

Little b: students in the school as a Research Assistant, monthly income of 1500, a car, a girlfriend.

  • Spending habits: usually buy food to Cook ($500/), annual holiday tour United States domestic 2 times 5 times and return home, online and in-store consumer spending.
  • Wanted: free airfare, free hotel
  • Background credit: 1 credit history, there are 3 cards, with an average score of 700

Analysis:

  • Consumer medium + buy + need to travel = more food rebate card + double rebates can be redeemed for airline tickets hotels
  • Good credit background + need to request award travel = better card

Featured card:

  • Amex Everyday Preferred (stamp I see details): shopping and 4.5X, come on 3X, other 1.5X, turning point for air tickets to the force.
  • Discover IT (poke me how) and Chase Freedom (stamp I see detailed) quarterly rotation 5% includes online shopping, come on, eat, Department store

Small c: work, monthly income of 8000, a car, have a family.

  • Spending habits: usually buy food to Cook ($1000/months), travel ($1000/), needed for the child's tuition, utilities ($1000/).
  • Wanted: free airfare, free hotel
  • Credit background: 2 years credit history, there are 4 cards, with an average score of 740

Analysis:

  • Buy food + need tourist = grocery rebate cards
  • Buy air tickets + need to buy return tickets travel = double card
  • Other categories of consumption + need tourist category = other rebate cards
  • Good credit background + need to request award travel = better card

Featured card:

  • Amex Everyday Preferred (stamp I see details): shopping and 4.5X, come on 3X, other 1.5X, turning point for air tickets to the force.
  • Amex Premier Rewards Gold (stamp I see details): flight 3X, eat 2X
  • Amex Starwood Preferred Guest (stamp I see details): SPG Hotel 2X, flexible valuable points.
  • Chase Freedom (stamp I see details): a quarter rotation 5X rebate includes online shopping, come on, eat, Department store

Summing up:

Careful people may find that the following

  • Featured card there was a lot of AMEX cards: annual fee is offset by the AMEX OFFER can make product extended warranties, customer service, MR points to force (details here)
  • Some of the no annual fee card card: holding a credit card for a long time to hold on (details here)





What credit card I Shen?----Long term review
What credit card I Shen?----Long term review
What credit card I Shen?----Long term review
What credit card I Shen?----Long term review

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