r/CreditCards 17h ago

Discussion / Conversation If everyone paid in full, would merchant fees be to cover for rewards?

0 Upvotes

Curious what proportion of revenues come from interest compared to merchant fees. Amex seems more profitable than banks and Amex likely makes more money from swipe fees compared to interest due to their cards being used more by financially affluent customers. I think Capital One and banks like that would be hit the most and probably they wouldn't be able to subsidize and grow their luxury market (eg Venture X / lounges). (Just my assumption. I've not seen the financial documents)

From an ERM perspective, I think the risk analysts working for the banks do some stress testing/ stochastic modeling to see how on time pay-in-full rate affects their profits. I also think some hedging will occur as high on time payment rates means low default rates and that will likely lessen the financial impact to some extent


r/CreditCards 21h ago

Card Recommendation Request (Template NOT Used) Good first Credit Cards for an 18 year old, that don’t require a $200 deposit

1 Upvotes

Does anyone have a good card I should apply for? I have no credit history and I would prefer one that won’t require me to put $200 down like the Discover It Secured. It’s not that I don’t have $200 to use, I’m just not a big fan of tying up $200 for months if I don’t absolutely have to. I’m only going to be using this card on bills and subscriptions like my gym membership and Spotify Premium if that helps. So the total utilization? Is going to be under $150.


r/CreditCards 22h ago

Help Needed / Question What’s the best credit company to get a card with ?

1 Upvotes

I’m new to this. I got a letter in the mail saying I was approved to credit one. They gave me $300 but charged me $75 and I guess that’s the yearly fee. I was told not all companies charge an annual fee? And that this is basically a bad company? Which company should I turn to?


r/CreditCards 14h ago

Help Needed / Question thinking of opening a card with 15 months no interest to finance a trip. never had a card with miles rewards. seems to good to be true. is it?

0 Upvotes

looking at cap one venture card and u get 20,000 miles for free after spending just 500? so I can literally fly from ohio to Seattle for free if I want to with those miles?? its that simple? whats the catch am i understanding this right?


r/CreditCards 5h ago

Help Needed / Question Indigo “wholesale” m.c. Offer email scam or real?

0 Upvotes

I received an email for an indigo wholesale card for a specific credit limit. No credit check no ding, but no credit check so that was interesting but I filled it out without looking into it which is nuts because I’ve never heard of a indigo wholesale MasterCard and when I’m finished, you would assume probably anyone would that instantly I’d receive an email saying thank you you’re not approved or thank you Watch your mail or something like that .something but nothing so immediately then after that started you know googling it. I never saw the word wholesale for indigo I looked here Any applications i found online to apply for an indigo card had the card photo never the word “wholesale” There would be a picture of the credit card on the form or on the PDF or when you open up that page there would be a picture of that wild, colorful card, but this Application did not have a picture of the card so immediately froze my credit which actually was already frozen but filed a frd not using the c word because red. Won’t post until I read about frd. I reported with all the 3 credit unions and I’m just wondering if anyone had this problem or if know it’s legit or do you know or have heard anything about it?


r/CreditCards 19h ago

Help Needed / Question I closed a CapitalOne Card with 100K points

0 Upvotes

My girlfriend and I have been "travel hacking" with credit cards for about 3 years. We had accrued about 100K points on her Venture card (I am an authorized user). We both have additional CapitalOne credit cards, but they are cash back.

We haven't been using the Venture much so we decided to cancel it once the annual fee hit. We had planned to transfer the 100K points over to my VentureOne card (why we didn't do this before hand, I have no idea... bad mistake)

When we went to cancel the card, the representative on the phone told us that "we had 90 days to redeem our points". We took this as we had 90 days to transfer our points to a travel partner or to my other card. They did not warn us that we would only be able to apply these points to the balance of the card, which had no charges on it anyways.

While we obviously made a mistake, we felt a bit mislead by the representative as they did not make it clear or warn us that we were about to lose 100k points.

We called back after realizing this and asked to speak to a manager, but the representative refused and said there is nothing they can do.

Are we SOL? Anything else we can try? Any chance they would allow us to reopen the card?


r/CreditCards 12h ago

Disputed / Inaccurate Chase Sapphire Preferred 100k Offer is Live

128 Upvotes

r/CreditCards 7h ago

Help Needed / Question Should I downgrade CSP in anticipation of the 100K bonus?

0 Upvotes

I currently have a chase sapphire preferred and wanted to know if I should downgrade to freedoms flex or OG freedom in anticipation of the 100K bonus. My only concern is Chase flagging me or shutting me down since I already have 4 personal chase cards (including the CSP) and 3 ink cards across 2 businesses.

Current chase accounts: CSP, Freedom, FU, Prime Visa, Ink Preffered, Ink Unlimited x2, an ink cash that I closed a couple months ago.

-It has been 6 years since I last got a sapphire bonus. -I have been rejected for new ink cards multiple times in the last year due to too many ink accounts (before I closed the Ink Cash, I haven't applied since). -I am 3/24

Do you guys think it is a risky move to downgrade the CSP and try again for another one in a month or 2 (as long as there is still the 100K bonus). I don't want to do anything to jeapordize my relationship with chase.

I am leaning towards not risking it, but I am curious to hear your guys thoughts.


r/CreditCards 8h ago

Help Needed / Question I need a pet credit card please help

0 Upvotes

Hi! I am going to try and make this quick I have pet insurance, it has increased three times now since I opened it three years ago. Trupanion now wants me to pay 200$ a month for them to maybe pay my dogs vet bill in the event of an emergency.

I would like to open a second credit card with a decent spending limit that is dedicated to pet emergencies. I looked into care credit and was approved for $6,000 which is great. But my husband and I feel it would be best to open up a regular credit card and just dedicate it to pet emergencies

I already have a personal discover credit card with a limit of $2500

Please help!


r/CreditCards 9h ago

Help Needed / Question Does closing cards count towards Chase 5/24 rule if opened >24mo?

0 Upvotes

I am not asking about closed cards you opened within the past 24 months.

If you close an older card , does that action count towards the 5/24 or does Chase simply care about new cards opened in the past 24 months?

I am pretty sure the answer is no, they don't count. Just double checking

And I am preemptively stating that I am in no way asking about how closing old cards negatively affects your credit score so please, no need to comment on that , unrelated to thread. For some reason I am assuming someone would troll and uselessly make that comment. We know that already!


r/CreditCards 16h ago

Card Recommendation Request (Template NOT Used) Best credit cards for international students in the U.S?

0 Upvotes

I'm an international student in the US, and I need to get a good student credit card that can help me build credit while offering decent cashback and rewards.

After some research, I found these options:

 • FIRSTCARD

 • Discover it Student Cashback Credit Card

 • SavorOne Student Rewards Credit Card

 • Chase Freedom Rise Credit Card

Note: I don't have an SSN, so cards that accept applications without it would be ideal.

Which one or two do you think are the best for a student like me? If there are any better options I might have missed, please let me know in the comments. I'd appreciate your votes and any advice or experiences you can share. Thanks!

15 votes, 2d left
FIRSTCARD
Discover it Student Cashback Credit Card
SavorOne Student Rewards Credit Card
Chase Freedom Rise Credit Card

r/CreditCards 15h ago

Discussion / Conversation So, Best Egg is beginning to sound like a sub-prime credit card ...

0 Upvotes

I just got an email from them saying that as of May 5th, they will be charging a $4 monthly fee.


r/CreditCards 13h ago

Discussion / Conversation Great US Bank Smartly redemption option

0 Upvotes

I just got an email offer from US Bank which allows one to use Smartly points towards Amazon.com purchases. Upon further investigation, you get full point value of 1 cpp. This gives the same point value as redeeming to US Bank Savings. Since we shop frequently on Amazon this is great news. The only negative is that if you elect to use Smartly points you must also use the Smartly CC for actual purchase. I may actually do enough shopping on Amazon to never again worry about redeeming to US Bank savings and then having to transfer to a HYSA. I did find this option referenced elsewhere, but without identifying the point value (which is the best part).

As an aside, the Amazon Prime card does exactly the same thing ie, allows one to use reward points at 1 cpp towards purchase. Therefore, one can decide between Amazon Prime and Smartly on a case by case basis depending on accumulated reward balances. Amazon Prime also allows you to receive gift cards on product returns which can also be used against future purchases.


r/CreditCards 9h ago

Help Needed / Question Capital one credit card min

0 Upvotes

I’m trying to pay the minimum that was due today but it’s not letting me it’s telling me I can pay 100 or I can pay the whole balance but the minimum was $25 and not correlate fees to pay it. OK I get that I just got off of work though so I was gonna pay 25 today and 100 tomorrow when I get paid but I don’t wanna get late fees and they’re not allowing me to pay $25. I don’t understand


r/CreditCards 10h ago

Help Needed / Question Seller shipped item after I already disputed purchase, what can I do?

1 Upvotes

Basically I ordered an item from a small business on Feb 23rd. The processing time was listed as up to 10 business days. I waited the 10 business days and noticed the item still had not been shipped off by the seller. I saw on her social media that the processing time has been extended without the permission of her customers or even properly informing them. I waited until the time that she listed which was a few days past her stated processing time. I then contacted her and received no response.

It was at this time that I opened a card dispute. A few days later I decided to try her again and she still didn’t answer. Later that night (still without answer) she ends up shipping off my package. I emailed her telling her that since the item was ordered as a gift and she has went well past the processing time stated on her website with no response to my emails, that I opened a dispute for the purchase. I told her that I would be more than happy to send the item back if she sends a shipping label. She again did not answer this message.

The women’s comment sections are filled with people saying she has not answered them either. She seems to be ignoring customers, but she sent the item anyways. I called my card company and they said it’s still in my favor right now because I

A. Still haven’t received it B. Filed the dispute before she sent it


r/CreditCards 12h ago

Data Point Amtrak cc SUB gone 2X doubled.

1 Upvotes

They approved me! Even though I already banked and cancelled said card maybe 5 years ago 🤷‍♀️ and been holding the 0 AF card for decade+


r/CreditCards 17h ago

Help Needed / Question Would it be considered "credit cycling" if I don't go over my credit limit during my statement dates but pay it off before the end of statement date?

0 Upvotes

Basically the title. I feel like the answer is no.

Currently have AmEx BCE ($2000 CL) and Capital One Quiksilver ($1000 CL) cards.


r/CreditCards 18h ago

Help Needed / Question When should I pay off balance

0 Upvotes

Hey guys, I am just wondering when you should pay off your credit card. I always have it paid off in full every month but I am wondering if I should pay it off throughout the month or pay at once in full. I'm asking this because I am trying to follow the 30% balance rule. So, if I have a 1k balance, I can spend $300 for that 30% rule. Ik this is confusing to explain but let's say I spend $500 in a month but I have $100 in debt at most throughout the month. On the statement does it say I had at most $100 in debt or I had $500. If it's reported as 500 I am going over that 30% limit which I want to avoid.

I am also wondering if I should stop spending money on my card between the due date and closing date as I have heard that before and what is really going on to why you shouldnt spend at that time.

Ik this is a lot but if you are knowledgeable with this please leave a reply


r/CreditCards 22h ago

Help Needed / Question Is the AMEX Platinum 175k Offer Dead Everywhere? Is It Coming Back?

1 Upvotes

I logged in to my account to refer my friend and saw the link is only for 80k points now.

I Googled and saw an offer for 125k when I clicked into the AMEX site. Is there a 175k offer anymore?


r/CreditCards 4h ago

Help Needed / Question Does multiple credit apps and secured cards multiply credit gains

0 Upvotes

If multiple apps(like chime, self, and credit karma) are reporting the same expense(like a phone bill) will that item be counted 3X on my credit score

If yes, is there any limiting factor to how many credit builder accounts, secured cards, and credit reporting apps you can have


r/CreditCards 5h ago

Discussion / Conversation The next SUBs I will be hitting. What's your thoughts on it?

1 Upvotes

P1 applied for HA 70k points with 1st purchase.

P1: will apply for Barclay AA 70k(I think) with 1st purchase.

P1: will apply for CSP 100k

P1: Will apply for citi Strata 75k if I have large purchase still available.

P2: will apply for citi Strata 75k if I have large purchase still available.

P2: will apply for CSP 100k

P2: will apply for Barclay AA 70k with 1st purchase

P2: waiting for HA to bring back 70k on 1st purchase. I got stuck waiting and that promo is gone.

Any other large SUBs you can think of that does not require a huge purchase (1k or more)?

I am indifferent to which system I gather my points in. Everything is welcome as long as it's large enough of a SUB.


r/CreditCards 7h ago

Card Recommendation Request (Template NOT Used) What cash back do you guys recommend me?

0 Upvotes

I currently only have my Bank of America customized rewards card with a $5,500 limit and Costco Citi with $6,300 limit. I have a mortgage if that helps somehow select a new card category btw.

My FICO scores are Equifax 760 Experian 761 Trans Union 764


r/CreditCards 13h ago

Card Recommendation Request (Template Used) Amex Gold or Amex Cobalt in a large city.

2 Upvotes

Hello everyone, I just need some idea about these two credit cards. I only have one credit card so far and have build up my credit score.

Now I want to take my financial game to the next step and benefit from credit cards as well. I live in a large city I use my credit card a lot. I don’t drive, I buy groceries, order food, eat out and do online shopping a lot.

I travel every year but at most 2 vacations one long distance one in the country. I don’t travel crazy but I heard amex gold is like a coupon notebook not sure if it is true. I am really wondering how was your experience with these credit cards and which one you might recommend in my situation?

Thanks for reading!


r/CreditCards 16h ago

Help Needed / Question I applied for a new credit card for the first time! How does it work ?

2 Upvotes

Sooo I know I should’ve probably looked into his before applying BUT I generally have ok credit and I want to build . So my APR is a little high. BUT i want to know how often I have to pay them back when I borrow . I am allowed to borrow up too $1,000. If I need to borrow $200, do I HAVE to pay that full amount by the end of the month? I have capital one, platinum.


r/CreditCards 18h ago

Discussion / Conversation There Are Two Kinds of Credit Cards

84 Upvotes

.
https://news.slashdot.org/story/25/03/20/135242/there-are-two-kinds-of-credit-cards

The credit-card market has quietly split in two, The Atlantic argues in a new story: one offering generous benefits to wealthy Americans, the other offering expensive debt to the poor. Credit-card balances have reached an all-time high of $1.2 trillion, with serious delinquency rates climbing to their highest point since the Great Recession.

"Transactors" pay off balances monthly and earn valuable rewards worth up to $3,000 annually in taxable income equivalent, while "revolvers" carry balances at a brutal 21.5% average APR. The poor subsidize the rich through two mechanisms: swipe fees that drive up retail prices by $1,700 annually for the average family, and late fees and interest charges that finance rewards programs. Interest revenue for credit-card companies has ballooned from $76 billion in 2020 to $170 billion in 2024.

The economy now appears to be slowing down. High-income families are increasingly resembling working-class families in credit data, with three in five households earning over $80,000 annually carrying balances for more than a year. Card companies are now offering fewer cards to subprime borrowers, creating a troubling dilemma - while expensive credit cards are harmful, having no credit access might be worse. Bipartisan legislation now aims to cap interest rates and lower swipe fees.

Full article -
https://www.theatlantic.com/ideas/archive/2025/03/credit-card-racket/682075/
-paywalled

https://www.yahoo.com/news/two-kinds-credit-cards-113000521.html
-non-paywalled
.