Hi everyone,
I was wondering if it is worth applying for a rewards credit card would be worthwhile if I have a part time job paying around 25k annually and living with my parents. I usually spend around 20k a year on my debit card every year as I try and flip collectables on the side.
I am planning to this financial year, so its probably smarter to wait then right?
A $6k credit limit card typically states a minimum income of 35k. You might only be able to find a low rate card for lower income. Or just try your luck with who you currently bank with.
I understand there are credit cards requiring $15K minimum income but they won't be rewards earners
there are credit cards requiring $15K minimum income
Really? Which ones? Not for me to apply but just curious since that surprises me, I thought the lowest minimum would be higher.
My advice: don't get a credit card.
He easily has a safety net. He might as well earn points/churn if he isn’t carrying a balance.
How many points is he seriously going to earn. On his income and his spending would be lucky to get a $100 gift card
Have a bunch in a savings account and I don't tend to impulse buy anything right now I'm authorised on my parents credit card but looking to get my own to start building my credit score
This credit score is a hog wash. You will be better if you don't have cc at all.
Building a credit score is very American. In Oz, you start with good credit, it's not something you need to build.
Do you declare your flips as income? If you’re earning 25k and spend 20k, good luck.