Description: The article shows some information about costco visa foundation card login, including the rules before making a claim for the trouble accident insurance, some benefits that protect you in case you miss something, and two good perks for purchases.
Today we’re going to review the city double cash card, one of the most commonly asked questions I get is whether a specific credit card is worth it, it doesn’t perform well compared to something simple like a Citi double cash card, this is because the city double cash card is probably one of the best foundation cards, you can have in your arsenal, it has no annual fee, it earns two percent back on all of your transactions, one percent when you make a purchase and one percent when you pay it off, because you’re paying off your cards in full and then there are a lot of other benefits that you get from city cards.
As a whole, it’s a credit card, it doesn’t earn at least 2%, then it’s not worth it, because a city double cash card makes a lot more sense, it’s 2 percent, but only on the specific category, you like travel, it doesn’t make sense, because you can get 2 percent on all of your transactions rather than 2 percent on travel.
There are some cards that earn more than 2% on all of your transactions, but typically they have an angle V making them harder to recommend, because you need to consider that there’s a card that earns you 3% back.
But I believe there was a $79 annual fee, once you calculate the break, even you would need to spend more than $10,000 on the card to make more sense than the city double cash card the thing.
If you are going to spend that much money, you’re better off hitting minimum stands for two different cards instead of getting slightly more value from that 3% card, that has the annual fee, if you’re someone who’s trying to maximize their normal expense and not tracing sign-up bonuses, then this card should always be in your wallet, because it’s going to be for transactions where there are no other special categories that you earn more points with other cards.
You might get 5x back for restaurants and certain quarters or travel or movies, but for all the other transactions that go into one of the categories, this is the card you should be using.
There are a few exceptions, if you have cards in certain ecosystems, if you’re not invested in getting a lot of cards, if you don’t want a lot of premium cards and you don’t want to pay annual fees.
This is a no-brainer card, we’re going to run through all the perks at the card, but one thing I realized a lot of people are probably going to ask is why does the card have so much interest? So you don’t want to be paying interest on your cards, you don’t want to keep a balance, the main reason is that all the benefits you earn don’t make sense, if you’re accumulating debt and paying interest for most of the cards, I only recommend them to people who pay off their balance in full every single month.
If you are someone who keeps a balance every month, I don’t recommend getting credit cards, because I don’t want it to debt for no reason, there are a lot of other benefits like purchase protection.
If it’s going to get you in trouble in the long term, I don’t want someone to have $10,000 a debt, because you get more protections in credit cards, you get more points, it doesn’t matter, if you have so much debt and interest that you’re paying off well.
It is a 0% interest period for the first 18 months, when you get the card, I don’t recommend using this, I see so many people get into debt, because they end up spending so much over the 18 months, I don’t think it’s worth it, but it makes sense for you
If you’re trying to pay off your other debts, you need to do this, don’t do this to get into more debt, you do not earn cash back for the balance transfers, you are paying 3% on the transaction initially, so that’s effectively, the interest you’re paying upfront, so if you do transfer it off and you have a better instruments earn more than three percent risk-free.
If you’re paying off their other loans, you have a lot of other credit card debt, but beyond that, it doesn’t make sense to me, the big selling point on the card is that it’s 2% back on everything and this is good for people.
If they don’t want to worry about category bonuses, I like to maximize my categories, I know a lot of people, it’s too complicated, I don’t want to deal with it, I have other things on my mind, if you are one of those people, this is probably your go-to card, if you are someone who is new to credit, you finished office Coon cards or secured cards and now you’re graduating to unsecured cards.
There are a few benefits that protect you in case you miss anything, one of the features of the credit card late pass feature, that means for your first late, they’re not going to charge you any fees, so if you are still building the habits and you want to build it into yourself to check your credit cards at least once every month.
While you’re watching YouTube or Netflix, one of the good perks of Citi is that they have a lot of partnerships with different music events, meaning that you get tickets before other people can and there are some sales that are exclusive to City American Express, they do have sales for stuff like Hamilton as well as other events.
Another good perk demo study card tab is City rewind, this allows you to price-match, if the price drops within 60 days, there are a bunch of exceptions too, so you need to read through the rules.
But a good example is that if you buy a hard drive for $300 and during Black Friday, it goes on sale and you have to read through the rolls to make sure it’s eligible, but it’s 150, you can effectively price-match it, meaning that they’re going to send you a check for one hundred and fifty dollars, so it is a good way to avoid lining up during Black Friday.
There are two other good perks for purchases. The first one is damage and theft protection, this means if you make a purchase and is accidentally damaged or it’s stolen, you’re going to be covered for each of the repair amount or the full cost of the item, for most beats are 120 days from the data purchase for people in New York. It’s 90 days.
The second perk is extended warranty which extends the warranty from the original product for an additional year, this only covers the manufacturer warranty though, so anything like Apple care won’t count, it’s more related to the specific product and not through use or through accident.
You get two other perks that you typically get of other credit cards like drop protection, so someone steals our wallet and starts going on a spending spree, you’re not going to be liable for any of the charges as long as you report it even though this isn’t a travel card.
There are a lot of benefits, you have to pay foreign transaction fees which are 3%, so in the future, you might want a dinner card that has no foreign transaction fees, but if you still need to use this card, it’s not too bad, because the 2% bag on all the transactions make the transaction fee closer to 1% than 3% other benefits you get or car rental insurance trip cancellation and interruption protection and travel accident insurance that works worldwide for car rental insurance.
This means that you can decline the CDW from the car rental agency, probably saving you between 5 to 15 dollars every day for trip cancellation, this means that you’re covered if you have to pay extra fees.
There are a lot of rules involved here, make sure that you read through it all before making a claim for the trouble accident insurance, this is good, if something bad happens, but obviously you don’t want to rely on it, because you don’t want anything bad to come up, it’s so good knowing that you’re protected from a lot of financial risks.
If you want to get this card, there are two ways to do it. The first ways to apply for it directly and the second way is to apply for another card, so one that has a sign-up bonus and then do a product change after the first year, we have a video dedicated to 50 product changes, so you might want to watch it if you want a bit more details.
But the main idea is that you can product change between any city card, if you get one of the American Airlines cards that have a sign-up bonus, you can product change it after the first year.
If you’re getting negative expected value and this is a good way to get a city double cash card, because it might not be worth an application by itself, if you are someone who’s new to credit, then this might not be a bad choice correctly, but it depends on you, maybe you want to apply for any of these cards.
We have a bunch of links on our website and it helps our channel, so we get a small affiliate fee, if you do apply through those links, but you don’t have to and for the most part, they all have the same that are publicly available, meaning that you’re still getting the same benefit that you would have otherwise gotten. The only real difference is that they are supporting this channel and obviously we appreciate it.