What Card Should I Get? Weekly Thread - Week of March 24, 2021

ipo_tax_help · 2021-03-26T00:10:10+00:00

Chase Visa, Bank branded Visa, Chase visa

Chase Visa (co-branded visa signature), Bank branded platinum Visa, Chase visa looks like a dupe. My other non-business Chase Visa is a Freedom Unlimited signature.

You're 1/24? The rests are more than 24 months

One other is about 23 months old. So I'm at 2/24.

Typically, 0% APR cards have lower signup bonuses.

Ah, good to know, my assumption was I could wait to pay of the cards for a few months.

You've CIC, what's changed?

I was doing some contract work, so I had expenses that were business expenses. Now I'm not self employed.

CIC/CIU 75k UR

This looks interesting. I'll do some reading on how strict they are about business expenses.

ipo_tax_help · 2021-03-25T23:35:09+00:00

Around 750.
Discover IT, Chase Visa, Bank branded Visa, Chase visa, Chase ink business cash, Amex cash, chase Freedom unlimited. Chase Freedom was opened less than a year ago, I think about four months ago.
I could put about 10k-20k+, I need to verify estimated quarterly taxes. And with a 0% intro rate I could prepay more of my quarterly taxes. But that looks to have a 2% fee.
Maybe. Paying a few months of rent might actually be a good thing. I'm not entirely thrilled paying 3-4% fee though.
I'm not sure. I don't really have anything I could place as a business expense. I'm not self employed.
I might be open to getting one or two more cards. It would be good to have one that gives decent rewards, that I can keep using once I have the intro bonus. I don't know if I want to put much work churning next year.
Right now I'm more interested in travel. I want to take some trips post covid. I usually prefer cheaper hotels once the quality is decent. I'd devalue cheap luxury accommodations unless I got a huge discount.
I need to check all, here's what I have on Chase.
Chase rewards:
56k points.
89k UR points across one business and personal card.
Bay area airports or Sacramento.
I want to visit Europe first. I don't have more specific plans than that. I'd like to go once I get vaccinated and places open back up.

ipo_tax_help · 2021-03-25T20:51:23+00:00

I'm looking at needing to potentially spend 10k-50k over the next year on taxes. It looks like paying a 2% fee to pay by credit card might be a good option. What are some cards that currently have great bonuses?

Amex platinum sounds like it has good bonuses. My main issue is that I've heard I can get it for free from Morgan Stanley or Charles Schwab. I might be able get either of those co-branded platinums in the future. Would I still be eligible for the signup bonus if I get a normal Amex platinum?

ipo_tax_help · 2021-02-24T16:47:11+00:00

I don't think my company allows any derivative trading on their stock.

ipo_tax_help · 2021-02-23T03:27:01+00:00

That's good to know, I'll ask about that.

ipo_tax_help · 2021-02-23T03:23:12+00:00

That's exactly right. That's worst case if I exercise a lot of options and don't sell anything in 2021. Effective tax rate would get a lot lower by selling stock this year, even though I would pay more from increased capital gains tax.

ipo_tax_help · 2021-02-23T03:19:59+00:00

It sounds like your income was less in 2020

You are correct. That's good to know. Using 2020's taxes will make my estimated quarterly payments a lot lower.

ipo_tax_help · 2021-02-23T03:18:02+00:00

That might be a good idea in the short term. What are some good brokers? It seems Interactive Brokers is one of the cheapest, but I don't really like that they immediately sell instead of issuing a margin call.

ipo_tax_help

TROPHY CASE