Questions and Answers

Hey Ben,

I just found your website and it’s a wealth of information. I just started a photography business. The only debt other than my house is a $7500 small business loan. I pay all my bills every month in full.

I would like to take my family (wife and three children) to France at some point in the near future. I would like to switch our only personal credit card (basic Discover) to something that can get us closer to our goal. What would you recommend for personal and small business?

I have almost no operating expenses in the business as I work out of my home. I will have about $8000 in startup costs coming up within the next month. My expenditures for the business will be very minimal as I am just starting out.

Any advice would be appreciated!

Welcome [USER=3314]@MicahB[/USER] –
I think I would advise you to start with either the Chase Sapphire Preferred ($95 annual fee, waived 1st year) or Chase Sapphire Reserve ($450 annual fee but $300 in travel credits each calendar year). They both earn 50K points after $4000 in spend in the first three months (from *approval* date) and earn bonus points for restaurants and travel.

If you think you can spend enough, I’d also get one of the Chase Ink Business cards. The Ink Preferred requires $5000 spend in 3 months and has an 80K sign-up bonus. The Ink Cash is a no annual fee card with a lower spending requirement of $3000 for its sign-up bonus of $300 cash back. Both of these cards have telephone, internet and TV as bonus categories so you could earn points for stuff you’re paying already.

You can find sign-up links for each of these cards at the top of the page under Best Credit Cards and then [URL=’http://onemileatatime.boardingarea.com/best-current-credit-card-offers/bank-rewards-cash-back-cards/’]Flexible Points & Cash Back Cards[/URL].

Hope that helps and let us know if there’s something that needs clarification.