Personal finance: credit cards & building credit

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HIGHYIELD: Bilt is the only credit card that allows you to pay rent with NO fees and earn valuable reward points transferable to many valuable partners including American Airlines, United, Hyatt and more! Bilt will either mail a check to your landlord or via Venmo with NO fees!!

Even with loan debt, we still spend every day. Many classmates use debit cards or their home credit union card for this everyday spending. But, not all rewards cards have annual fees. And, credit cards, with their ability to redeem for free flights or hotel nights, offer outsize value compared to the debit or home credit union card. 

There are 3 types of credit cards: reward points, airlines and hotels. Reward points cards are the most flexible because their points can be converted to airline or hotel points. If an airline or hotel program devalues their point system, you won’t be stuck holding onto lower valued points.

Rewards cards
reward points: Bilt, American Express (Membership Rewards), Chase (Ultimate Rewards), Citi (ThankYou Points) Airlines: AA (issued by Citi), Delta (issued by AmEx), United (issued by Chase) Hotels: Hilton (issued by AmEx), IHG (issued by Chase), Marriot (issued by AmEx/Chase)


Of all these, Bilt
is the only credit card that allows you to pay rent with NO fees! Bilt will either mail a check to your landlord or via Venmo with NO fees!! Plus, while AmEx and Chase have annual fees, Bilt has none! Use Bilt points to transfer to many valuable partners including American Airlines, United, Hyatt and more!

– Remember to setup auto-pay when your new card arrives
– Credit card statement period vs. payment due date: the credit card statement period is 30 days and you have until the payment due date which is 25 days after the statement period closes; there is no interest even if you select 25 days on the auto-pay setup: Sign-up Jan 1 -> Statement closes Jan 31 ->  Payment due Feb 25