There are a lot of individuals out there far more qualified than I to write about the BEST credit cards. So I’m just going to tell you about my FAVORITE credit card. It’s metal, shiny, my name is written on it, and the vast majority of cashiers I hand it to go ‘wow’.
As a young “Millennial”, I’ve done alright for myself and managed to keep my credit score in the “Excellent” realm for several years now. I can’t stress how important it is to get a credit card at 18, it opens so many doors (in the US especially), and is seriously one of the best things you can do for personal finance. You’ll learn self control, money ain’t free, and if you fuck up in life and spend more than you have, it’s gonna cost ya even more. However you’ll also learn that credit cards SAVE you money when used properly, and can even earn you quite a bit of money!
So hopefully you’re reading this having taken decent care of your credit, and made your payments on time; if so good news, the credit card world is your freakin oyster! A very profitable and luxurious oyster, full of perks, free upgrades and yes actual profit, if done correctly.
There’s actually a whole community out there who seeks ways to make money off the big banks through signup bonuses and meeting various requirements for accounts. You don’t even have to have a whole lot of money. Here’s a few resources if you’re looking to get your churn on:
But alas we’re here to talk about my favorite credit card. The Chase Sapphire Reserve. Now if you’ve done any research -- “A $450 ANNUAL FEE YOU’RE FUCKING CRAZY JUSTIN” -- yeah, it’s got a fee.
I’ll blow that one out of the water tho by noting you’re basically prepaying $300 towards Uber rides, Flights or other “Travel” expenses. So that immediately knocks it down to $150. A high, but much more reasonable number for most to digest.
I should mention that if you don’t dine out or travel, this card is not for you.
Now that we’re at $150 a year, what does that get you? Well! Besides the 50,000 point signup bonus (Originally 100,000) which equates to about $750 worth of travel (the best use of your points), it comes with a ton of perks:
Access to Priority Pass Lounge Network (10+ visits is a $399 Value)
Travel Insurance (read the fine print but it’s quite good)
3x Points on Travel & Dining - ($5,000 spent and you’re ahead)
No Foreign Transaction Fees (this is beautiful)
Purchase Protection (Saved my ass)
1 Call Customer Support
That last one is the most important to me. When I call the phone number on the back of my card, someone answers in about 10 seconds; and within 5 minutes, whatever problem I was having is solved.
“I’m in Thailand for the next 2 months, don’t block my card” ; “Yes Sir, anything else?” ; “Nope! Have a great day!”
No hold music. <3
“I’d like to file a fraud claim” ; “Yes sir, can you please send proof here and we’ll take care of it” ; *sends proof* ; “Thank you sir, we’ll take care of the rest.”
I’ve never had such a pleasant experience dealing with such a high value fraud claim. I sent them the documents. Chase handled it beautifully. No further input was needed. <3
For me, this is my favorite Credit Card by a long shot. I easily eat and drank the annual fee at airport lounges, so anything further is pure savings/profit/free. If you’ve got a decent credit score, and like to spend money on food and travel, this could very well be your favorite credit card too.
On a final note - It’s a Visa. I’ve never had an issue with a merchant anywhere in the world ‘not accepting’ a Visa, unlike my Amex. Also in full disclosure, the links in this article are affiliate links, but have no influence on my thoughts the article.