Good Credit Card That Has a High Limit That Has Rewards in The Form of Points or Cashback?

LGrowingpains on 25/02/2020 - 17:17
Last edited 25/02/2020 - 17:18

Hi, for context, I am a 20 year old university student and have recently found some success with dropshipping. I currently own a 28 Degrees MasterCard capped at $6000 limit and ANZ Access Advantage debit card. My cash flow is fine. However, I’ve exceeded my $6000 limit on my credit card for the first time ever and already have paid it off. I was under the impression that I would have an unlimited amount to use as long as I paid it off but I guess I had to learn eventually haha.

Anyway, because I am scaling and anticipating to spend over $10000/month, I would like you fine OzBargainers to recommend some credit cards that have rewards as well as a high limit and ideally no fees (though I am not sure if a card would have so many advantages without some sort of catch)

I have an income from a job and have been working on dropshipping on the side. I assume I will need to report my dropshipping income as well to the credit card company that I end up choosing which will be interesting.

I appreciate all the help and am open to answer any questions that may need answering to tailor what card would best fit me.

Financial Credit Card

Comments

  • canyoudoitcheaper on 25/02/2020 - 18:33
    +3

    1) Brand new account
    2) Fishy story
    Smells like a troll

  • Baysew on 25/02/2020 - 18:45

    OzBargain Credit Card Guide

    Limits are set by the card issuer, which is based on your provided information.

  • mbck on 25/02/2020 - 19:14
    +7

    Considering the amount of research required to be successful at dropshipping, I'm surprised you haven't done any on a widely provided information on the web.

  • Gelato on 25/02/2020 - 19:46
    +1

    Do you mind I ask what do you drop ship?

  • SBOB on 26/02/2020 - 07:02
    +3

    20 year old uni student, going through over 6k a month (72k a year), with a job and drop shipping business/job

    Man, uni student life sure changed since I was there ….

    • Growingpains on 26/02/2020 - 08:51

      This is the first month I’ve spent that much and like I said… the business is giving me enough revenue to pay it off.

  • [Deactivated] on 26/02/2020 - 07:45
    +1

    Troll

    You also need to earn around 75k to get any worthwhile points benefits

  • Hithere on 26/02/2020 - 09:50
    +1

    I want to go back to uni so I can have 2 jobs, earn fanciful amounts of money, and study at the same time.

    I've only got 1 real job.

  • JDogman on 28/02/2020 - 09:52

    I did this through uni.
    I think if you are buying items in foreign currency a Coles Mastercard is worthwhile.
    $99 annual fee. If you do $10k a month, that covers the cost of the annual fee in the first month. And can transfer points to velocity and wait for a promo and basically earn 1 velocity point per dollar.

    Back then, I had an Amex Gold as well which was free via 3rd party sites. Then unpraded to Amex Platinum Edge in my final uni years. Annual fee was $149 and got $200 travel credit through. Could earn decent points as well.

  • bazza1980 on 01/03/2020 - 09:20

    The banks will be lining up to sign you to a credit card, uni student earning the big bucks with a drops#!ting gig on the side

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