Sadly, the tax credit is no longer available.

Wtf

That was really only a 2007 thing.

There should be a state one. I think.

Definitely worth checking into based on locale.

If we're talking military/veteran stuff, I can speak about alot of that. I have accounts with USAA, Navy Federal Credit Union, & Pentagon Federal Credit Union. For credit cards, it all depends on how deep into the credit card game you want to go with perks and how disciplined you intend to be with it. It can get really interesting if you can qualify for an American Express Platinum Card as active military, because they waive the $550 annual fee--it is a charge card though, not a credit card.

Charge vs credit...explain @Argument of Perigee

Credit cards have a revolving balance if not paid and you assume a finance fee (interest) to your balance if not paid in full each month. A charge card MUST be paid in full each month, no exceptions.

Cool

What's the charge limit? Does a charge card affect credit score?

Yup, same general principles apply. The spending limit will be based upon credit worthiness/trust with issuer--could be a few thousand, tens of thousands, hundreds of thousands, no limit. The almost-mythical American Express Centurion (Black) card is said to have no spending limit whatsoever.

I'm just trying to get a credit card for basic expenses so I can establish a good credit score so I can qualify to buy a house

Not using it for large purchases otherwise

@Argument of Perigee I've seen a black Centurion...sold a guy some stage lighting.

Solid titanium, yea?

I stay in contact with him from time to time...

It's heavier than titanium from my experience.

...I work with Ti parts a lot at work.

I could be wrong, but it had weight.

Centurion sightings are pretty neat.

@Goose Are you military/vet? Just want to clarify that upfront.

I saw a black card twice. Both times were at a bowling alley I worked at. I don't think they were Ti at all.

@Argument of Perigee no, I am not

"Amex is tight-lipped on the terms and conditions surrounding its ultra-exclusive Centurion card, reserved for high net worth consumers, but it is widely known that the card is made of anodized titanium."

Yea, unless something changed in the past handful of years, the card is very different from any other charge/credit card you've handled.

@Goose This might help, but try to stay away from those banks that are particularly of the 👃 people or benefited from opioids like HSBC: https://www.creditcards.com/top-credit-cards.php

Your local credit union might just be the best place for a basic starter card.

☝️

can someone explain the pros and cons of a major credit co vs a credit union?
plz no bully

No worries. Regardless of which financial institution issues the card, you'll almost certainly be applying for a Visa or Mastercard (maybe American Express.) Then it really boils down to terms (interest rates, limits, fees) and perks (rewards, points, cashback). Some credit unions and even smaller banks will have their name on the credit card, but it will actually be issued by a different finanical institution, so keep that in mind when looking around. For example, I have some accounts with a regional credit union in a previous state in which I've resided. In looking at their credit card options, I see in the fine print "The creditor and issuer of these Cards is Elan Financial Services, pursuant to separate licenses from Visa U.S.A. Inc., MasterCard International Incorporated, and American Express."

But how do they affect me differently as the card holder? @Argument of Perigee

The credit company vs the credit union I mean

@Goose Can you pop into the voicechat real quick?

sure

@everyone Hello. I have a tentative summer internship opportunity in the financial field. Looking for a college student. No experience required. DM if interested. (Pennsylvania)

I'm not a candidate but I just wanted to say that is awesome and hope one of our guys takes it.

Hey! Quick question. Does anyone have their CFP certificate? Looking for advice.

<@&322715617138311171> <@&387091385075105804> ^^^

Reminder everyone to save while the economy is good. We **will** have another recession, don’t get caught without a rainy day fund (preferably a rainy “month” or rainy “year” fund). Don’t over-spend during the good times.

Agreed. I would recommend, in case of severe weather, have many small bills to make exact change at grocer. Where I live the weather knocked out power to half the city for a day, no one could use the ATM, and the grocery stores ran short on change. Some stores couldn't take cards so some families ate whatever they had in their pantry...most shit tier Americans have ramen or worse, nothing in their pantry @everyone.

This was last year.