Sentences with phrase «average cardholder»
The phrase "average cardholder" refers to a person who has a credit card and spends money regularly, but is not exceptional or extremely excessive in their spending habits. Full definition
While Chase's average cardholder credit score is around 715, cardholder scores can actually range more than 100 points in either direction.
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Experiential aspirations Average cardholders shouldn't assume experiential rewards are beyond their reach — provided they charge often enough.
Each month, Credit Karma analyzes over 5,000,000 credit card accounts to find out more about the average cardholder for each credit card.
That's a significant difference; it might take an average cardholder charging $ 2,000 a month to their card more than half a year to acquire those 20,000 points again.
If you're a credit card holder, it's likely you have more than one — the average cardholder had four credits cards in 2014, according to The Motley Fool.
According to the Federal Reserve, in 2008 the average cardholder had 3.5 credit cards.
Surprisingly, for such a luxury card (with a $ 550 annual fee), the average cardholder credit score isn't quite as high as you would expect.
The average cardholder has a balance of over $ 4,000.
An average cardholder might spend years to collect 200,000 reward points — that's child's play for the pros.
The average cardholder earned an average of nearly $ 1,500 cash back in 2014, which equates to an average spending on the card of $ 75,000 per year.
Our calculations show that the average cardholder is likely to earn more rewards with the flat 1.5 percent cash back rate on the Chase Freedom Unlimited card than with the 5 percent bonus categories on the Chase Freedom card:
We estimate that the average cardholder can earn a rewards rate of 3.1 percent per year with the two cards combined, for an average of $ 398 cash back minus the Blue Cash Preferred card's $ 95 annual fee.
The combined bonus categories push the rewards rate for the average cardholder to 1.6 percent.
Since the bonuses are focused on travel spending, you must spend a significant amount — much higher than the average cardholder — on Hilton stays and on travel purchases in general to see a good return on your spending.
The average cardholder can earn a great rewards rate by putting all their spending onto the PNC Cash Rewards Visa card.
The bonus, though, favors those who spend a lot of money on the card, or at least on Ritz - Carlton hotels, and offers little value to the average cardholder.
While the annual fee puts the card out of reach of most cardholders, the Platinum card is not designed for the average cardholder.
For example, in the table below we show the estimated earnings from pairing the Chase Freedom card with the American Express Blue Cash Everyday card, for an average cardholder who charges around $ 1,325 per month.
By leveraging the bonuses on each card, the average cardholder who spends $ 1,325 per month can earn around 25,000 Ultimate Rewards points per year.
The luxury - level Ritz - Carlton Rewards card is not for the average cardholder, but is a good means to elite status and luxury hotel perks for Ritz - Carlton loyalists.
By our estimates, the average cardholder spends closer to $ 15,000 on a single card each year.
After your first year, by our estimates, the average cardholder would have to spend $ 40,000 or more to earn enough points to match the fee, so this card is not for light spenders.
We estimate that the average cardholder who spends around $ 1,325 on the card per month can earn around $ 238 in cash back per year.
However, given the $ 1 trillion of credit card debt still outstanding, your average cardholder is still carrying quite the balance — and likely paying interest on it.
Both offer a solid signup bonus with a minimum spend easily attainable for the average cardholder.
According to reviewers, the Discover it ® for Students can offer qualified applicants a credit limit up to $ 4,500, although the average cardholder reports a limit between $ 300 and $ 3,000.
Although the Chase Freedom and Freedom Unlimited cards may offer limits over $ 20,000 to well - qualified applicants, the average cardholder is much more likely to receive a credit limit between $ 3,000 and $ 5,000 than one over $ 10,000.
As a result, the average cardholder is now carrying two or more credit cards in their wallet (2.18 cards on average).
Unfortunately, the amount you need to spend each year at Belk to earn the best benefits will likely place those perks out of reach for many shoppers, limiting the potential perks for the average cardholder.
That's because for the average cardholder, I'd venture that it is.
As you can see from the first chart below, the average cardholder earns only a 1.24 percent rate on purchases when they use the American Express Platinum card by itself:
Capital One's average cardholder has a credit score around 715, but the issuer accepts applicants with a range of credit scores.
As you can see from our table in the previous section, the average cardholder can earn $ 261 cash back per year on all their spending with the Blue Cash Everyday card.
We estimate that the average cardholder can earn $ 304 per year by using the Blue Cash Preferred card as their go - to card for every purchase — that's $ 43 more per year than the Blue Cash Everyday card.
Stephen Garten, CEO and founder of Charity Charge, says the average cardholder donated $ 272 to causes and charities in 2017.
By our estimates (see the table below), the average cardholder can earn around $ 351 in cash back per year (minus the Blue Cash card's annual fee) by pairing the two cards.
That being said, the average cardholder had a score over 650, and you'll still need a credit score in the 700 or better range to qualify for the lowest APRs and highest credit limits.
But then, the AAdvantage Executive World Elite Mastercard isn't designed for the average cardholder.
For the average cardholder, the Capital One Venture card offers more value and is simpler to use than the Chase Sapphire Preferred card.
With an exorbitant annual fee and average rewards earning rate, the Mastercard Gold Card is not for the average cardholder; cardholders looking for a unique card that conveys status may, however, enjoy the card's luxury perks.
Our value of the sign - up bonus is an estimate based on our model of an average cardholder's spending habits.
But for the average cardholder who doesn't want to put much time into tracking spending or maximizing their rewards earnings, the Venture card's unlimited 2 percent bonus on every purchase is hard to beat.
A note on methodology: Because cash back rewards rates vary based on what you're buying, we used a weighted basket to represent the average cardholder's monthly spending: