Today's Rant n Rave theme is credit. There's all kinds of credit available in the world: credit cards, service credit….. even credit earned in the karma bank. Things are a bit more ambiguous on the rant and raving side, because I have rants and raves about both credit cards and service credits, the topics de jour.
I wondered if this should be it's own post or not, but I have a decidedly rant-y feel to it so I decided to put it here. Yesterday, I spent a good chunk of my free time in the morning agonizing over what new credit card to apply for. [Rave] I have excellent credit, so I knew I'd be able to get basically whatever card I wanted. Within reason, anyways. No way was I going to try to apply for the Amex Black or even the Citi/AAdvantage Executive World Elite MasterCard. It wanted me to spend $5k in the first three months (uhh no), $40k in one calendar year (Heck no) and charge me a $450 annual fee (HELL NO).
After playing around with the Mad Fientist's new Mad Travel Cards application, I narrowed it down to the Chase Sapphire Preferred card or the Southwest Airlines Rapid Rewards Premier card. If you're looking for a new travel rewards card, Brandon's app is priceless. One of the big draws of the Southwest card was the companion pass. Get 100k points, and get a companion pass for the rest of the year and the next year as well. However, since I am single and often travel alone, I felt this card would be wasted on me right now.
From my time spent looking around various forums (shout out to reddit's /r/churning subreddit!), I know Chase is pickier about who they accept with regards to recent credit card applications. I decided to go with the CSP first, as the 50k bonus could go to multiple different rewards programs instead of just Southwest. Now I can apply points to hotels AND flights! Woot!
[Rant] The only thing I have a problem with is the credit limit I received. It's not too low. Oh no, quite the opposite in fact. It's incredibly high! My credit limit is $13,800 on this card alone! I cannot afford to run up a balance that high. That's almost as much as I gross in two months! Which, I might note, is precisely what the credit card companies are hoping I do. With an APR of 16.24%, I'd have an incredibly difficult time getting back to zero if I overspent. Credit cards are great, but ONLY if you are aware of the dangers and actively avoid them!
On the other hand, the more credit I have available, the lower my credit utilization number goes which is helpful in the long run. I guess I shouldn't complain so much 🙂 Now I just need to figure out how I'm going to spend $4k in 3 months!
Today marks my 3 year anniversary with MegaCorp! This picture on my badge is 3 years old today. Clearly, I've changed a whole bunch in the intervening years……… not. The eternal baby face strikes again! No wonder I get carded all the time haha.
Three good things result from my 3rd anniversary.
- My 401k is truly vested now. It mysteriously vested months ago, but now it's really mine and I can relax a bit about leaving the company (not that I really want to).
My coworkers congratulated me and one even gave me a pat on the back. I'm not sure if it was a “good job” pat or a “poor thing has no idea what's coming” pat, but I'll take it all the same!
[RAVE] MY VACATION RESET! I can take a day off now that doesn't involve me being sick! Woo! I also got bumped up from 10 to 13 days this year! [Rant] Still a piddly little amount, but better than 10 days so I'll take that as well. I'll still probably need to buy vacation days this year, but now I can take 18 days off instead of just 15. These extra 3 days are letting me stay an additional 5 days in Europe this fall, which means I get to celebrate my birthday on another continent for the first time.
Some things to look forward to now that I have 3 years of service under my belt:
-Knowing I'm not the absolute bottom of the totem pole anymore!
-Only two more years until I hit 5 years, at which point I will get a nice gift, my name on the display board for awhile, and at which point I'll be fully vested in the pension!
It's been an interesting 3 years with my company so far. I've had 3 different positions with them: one internship, and two full-time positions after I graduated as part of an early development program. I've learned a lot about the company, myself, and the different technologies in these 3 years. I can't say I've been thrilled with the way I've been treated recently, but overall MegaCorp has treated me incredibly well. I get a great salary for someone my age, for what I'm doing, and for where I'm located. Not to mention, this is a global corporation with name recognition out the wazoo. It feels good to work for a company that's doing so much good in the world. Hopefully things turn around soon in the happiness and personal satisfaction realm, but overall my life could be way worse, and I'm fortunate to be in such a good spot in life.
Do you have something to rant or rave about this week? How's your life been going?
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