• Activity
  • Votes
  • Comments
  • New
  • All activity
    • Showing only topics in ~finance with the tag "banks". Back to normal view / Search all groups

    26. TIL: Don't use your points directly on Amazon

      Text 77 words
      Maybe everyone knows this, but I suspect not. For years, I've been using the points I earn on a Chase Freedom card directly on Amazon. I just found out today that I'm only getting 80% of the...

      Maybe everyone knows this, but I suspect not. For years, I've been using the points I earn on a Chase Freedom card directly on Amazon. I just found out today that I'm only getting 80% of the value. Redeeming 26,345 points at Amazon yields $210.76. Redeeming 26,345 points on the Chase website (for an Amazon gift card) yields $263.45.

      The Chase Amazon Prime Visa does give 100% of value directly on Amazon's site.

      30 votes

    29. What is the importance of management jobs when applying for bank products?

      Ask
      I live in the EU. I recently applied for a credit card, and the banker asked me (about my job): "Is it a management role?" I realized that it is a question I have been asked several times in the...

      I live in the EU. I recently applied for a credit card, and the banker asked me (about my job): "Is it a management role?"

      I realized that it is a question I have been asked several times in the past by banks. I tried a cursory google & Reddit search, but I haven't found anyone being curious about this.

      I'll try here then. Does anyone know why bankers ask this question? How does it matter? Are "individual contributors" seen as worse/riskier customers than managers?

      I have my own informal, anecdotal opinion, but I'm hoping to hear some more informed answer.

      26 votes

    44. Aspiration vs Amalgamated Bank (ethical banking)

      Ask (advice)
      Does anyone here have any experience with Aspiration or Amalgamated bank? I am interested in opening a new credit account and can't seem to decide which one to pick. I've picked these two because...

      Does anyone here have any experience with Aspiration or Amalgamated bank? I am interested in opening a new credit account and can't seem to decide which one to pick.

      I've picked these two because of their environmental commitments, but I'm leaning towards Amalgamated since it's based in the East Coast.

      Edit: Unfortunately, Beneficial is only in the West

      6 votes

    48. Term deposits — are they worth it? At what point are they worth it?

      Ask (advice)
      Now, rationally, I suspect the answer is "Of course!". But I'm looking for general advice, if my fellow Tildesians would be so kind. This question has arisen while investigating opening a Monzo...

      Now, rationally, I suspect the answer is "Of course!". But I'm looking for general advice, if my fellow Tildesians would be so kind.

      This question has arisen while investigating opening a Monzo account. Apparently, you can lock away some money for 12 months and get 5.3% AER interest on it - meaning for every, say, £1,000 I put in, I get £50 back, right?

      My question: is that really worth it, in the grand scheme of things? Even if I put in £10,000, I'd be locking myself out of that much money for a grand total of £500. I understand that's a lot to some people (even me), but it hardly seems worth it.

      Perhaps there's something I'm missing. Perhaps some bad maths on my part or some other type of interest that I don't know about. All advice is welcome and appreciated!

      21 votes