Not doing much besides saving me money in avoided interest. It also has some kind of $600 phone protection clause and a couple of other benefits that I don't remember offhand.
And did you know the answer to the second question?
If you have the potential to be paying interest you are using the card wrong in the first place. Treat it like a debit card and only spend what you can then pay it off. You are not charged interest if you do not carry a balance.
Second question all depends there are charge cards with no limit but in this sub I've seen people claim limits of upwards of 80k on inidivudal cards but who knows. Realistically a 25k limit is probably ten times what you'd ever spend in a month or whatever so who cares
Credit cards are not prizes. If they truly applied for a card on your behalf that is fraud and you should be filing complaints.
Is this the card you’re talking about? It offers 3% on insurance premiums, 2% back on gas stations and grocery stores, and 1% back on everything else. Do you already have a card that gives 2% or more on gas stations and grocery stores? If not there are plenty of options to earn 5% or just get a 2% flat rate cash back on everything.
If you aren’t extremely financially savvy then 0% APR periods are like playing with fire. Credit card companies know that most people will end up carrying a balance past the 0% APR period. The offer these periods in hopes that you will rack up a massive balance and not be able to pay it off. In theory you can earn a little bit of interest by putting your normal expenses on the credit card, saving the money you would normally use to pay for them in a HYSA, and then paying it in full before the end of the 18 months.
Is this the card you’re talking about?
No, even though my new credit card has the same State Farm logo, it is the Good Neighbor Visa card that is colored tannish yellow. Not quite gold, but more like a urine-ish color. Besides the zero interest for 18 months, it also has some kind of a $600 cell phone Protection clause, Plus a couple of other benefits that I don't remember.
Oh. That one doesn’t have any rewards. I wouldn’t bother using it.
Thanks for that. Now, do you know the answers to the second question?
Amex has a lot of charge cards that don’t have limits. The highest charge to be approved is probably in the millions. Centurion is targeted for the types of customers that would have million dollar transactions.
You did not get it as a prize, you definitely enrolled in it somewhere along the way. 10k limit is okay and 0% is great but if it has no other benefits like cashback it is not doing much for you.