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Maximizing Real Estate Investments with Credit Cards: Benefits & Best Picks

Introduction to Credit Cards for Real Estate Investing

Real estate investing is an exciting and potentially lucrative venture. However, as with any investment, it requires adequate financing to make the most out of it.

One financing option that real estate investors can consider is credit cards. Yes, you read that right.

Credit cards can be used as a financing tool for real estate investments. This article aims to explore the benefits of using credit cards in real estate investing, as well as the best credit cards for this purpose.

Benefits of Using Credit Cards for Real Estate Investing

1. Quick and easy access to funds

Credit cards offer quick and easy access to funds, which is especially useful for those who need to make fast transactions or need to cover unexpected expenses.

For example, a real estate investor who finds a great deal might need to make a purchase quickly, and credit cards provide a convenient way to do so. 2.

Rewards and cashback

Many credit cards offer rewards and cashback programs that can be beneficial for real estate investors. Some credit cards offer cashback or rewards for purchases made at home improvement stores, which is useful for those who need to purchase materials or supplies for their properties.

Additionally, some cards may offer points or rewards for flights or hotels, which can be useful for investors who need to travel to their properties. 3.

Build credit score

Using credit cards responsibly can also help investors build their credit score, which can be useful when applying for future financing. Consistently paying off credit card debt on time can significantly boost a credit score.

Best Credit Cards for Real Estate Investing

1. Chase Sapphire Reserve

The Chase Sapphire Reserve is a top-of-the-line credit card that offers excellent rewards and benefits that can be useful for real estate investors.

The card offers 3 points per dollar spent on travel and dining, which can be useful for those who need to travel to their properties. Additionally, the card offers rental car insurance, which can be handy for those who need to rent a car to get to their properties.

2. American Express Gold Card

The American Express Gold Card offers excellent rewards on dining and supermarkets, making it useful for investors who need to purchase supplies or food for their properties.

The card offers 4 points per dollar spent at restaurants and grocery stores, and also comes with an annual airline fee credit. 3.

Citi Double Cash Card

The Citi Double Cash Card offers a straightforward cashback program that can benefit real estate investors. The card offers 2% cashback on all purchases – 1% when the purchase is made, and 1% when the balance is paid off.

This can be useful for investors who need to make purchases at a variety of retailers.

Conclusion

Credit cards can be a useful financing tool for real estate investors, but it is essential to use them responsibly. Always make timely payments and avoid excessive debt.

By choosing the right credit card and using it wisely, real estate investors can take advantage of the rewards and benefits of credit card use. Chase Sapphire Preferred Card: Travel Rewards

The Chase Sapphire Preferred Card is an excellent option for individuals who love to travel.

This card offers a generous welcome offer and increased redemption rates for travel through Chase Ultimate Rewards. Generous Welcome Offer:

The Chase Sapphire Preferred card offers a generous welcome bonus of 100,000 points after spending $4,000 within the first three months of opening the account.

This bonus is worth $1,250 in travel when redeemed through the Chase Ultimate Rewards program. Additionally, this card comes with an annual fee of $95.

Increased Redemption Rate for Travel through Chase Ultimate Rewards:

When points are redeemed for travel through the Chase Ultimate Rewards program, they are worth 25% more. This means that 100,000 points are worth $1,250 in travel when redeemed through Chase Ultimate Rewards.

Additionally, this card offers 2X points on travel and dining purchases and 1X points on all other purchases. Chase Sapphire Preferred Card Benefits:

Apart from its welcome and redemption bonus programs, the card offers various other benefits that make it an attractive option for frequent flyers.

These include:

1. Trip Cancellation/Interruption Insurance: This insurance covers up to $10,000 per person for canceled or interrupted trips, as well as additional expenses that come as a result of the cancellation or interruption.

2. Baggage Delay Insurance: If your baggage is delayed for more than six hours, this insurance covers you for essential purchases of up to $100 per day for up to five days.

3. Primary Auto Rental Collision Damage Waiver: This covers damage caused to a rental car when the car is rented using the Sapphire Preferred card.

4. Travel and Emergency Assistance: This service provides an urgent replacement card or cash advance in case the card is lost or stolen.

5. No Foreign Transaction Fees: There are no foreign transaction fees with this card, making it a great option for international travelers.

Ink Business Preferred Credit Card: Business Expenses

If you are a business owner who is looking for a credit card that can earn bonus points on your business expenses, then the Ink Business Preferred Credit Card is an excellent option. This card is designed to help you earn points on everyday business expenses, from office supplies to advertising and internet, as well as phone bills.

Earns Bonus Points on Common Business Expenses:

The Ink Business Preferred Credit Card offers 3X points per dollar spent on the first $150,000 in combined purchases in categories such as travel, shipping, internet, cable, phone services, and advertising made within the first year of opening the account. After that, these categories earn 1X point per dollar spent.

Additionally, you earn 1X point per dollar spent on all other purchases. 100,000 Bonus Points After Spending $15,000 In The First 3 Months:

The Ink Business Preferred Credit Card offers a generous welcome offer of 100,000 points after spending $15,000 in the first three months of opening the account.

Additionally, youll receive 3X points per dollar spent on travel, shipping, internet, cable, phone services, and advertising made within the first year of opening the account. After that, these categories earn 1X point per dollar spent.

As a business owner, this bonus offer is incredibly useful and can help cover some of your business expenses. Ink Business Preferred Credit Card Benefits:

Apart from offering bonus points on common business expenses, the Ink Business Preferred Credit Card comes with additional benefits, such as:

1.

Trip Cancellation/Interruption Insurance: This covers up to $5,000 per trip for canceled or interrupted travel plans, as well as additional expenses that come as a result of the cancellation or interruption. 2.

Cell Phone Protection: This offers up to $600 in protection against damage or theft per claim, with a limit of three claims per 12-month period. 3.

Purchase Protection: This provides coverage for your new purchases for up to 120 days against damage or theft. It also doubles the original manufacturers warranty coverage for up to 12 months.

4. Extended Warranty Protection: This provides extended warranties of up to 12 months beyond the original manufacturer warranty.

5. No Foreign Transaction Fees: There are no foreign transaction fees with this card, making it a great option for international travel-related expenses.

Conclusion:

Both the Chase Sapphire Preferred Card and Ink Business Preferred Credit Card have their unique benefits that can prove useful for travelers and business owners. But before applying for a credit card, you should carefully review the terms and benefits of each card to see if it is suitable for your specific needs.

Ink Business Unlimited Credit Card: Cash Back

Another credit card offered by Chase Bank that is ideal for small business owners is the Ink Business Unlimited Credit Card. This card allows you to earn 1.5% cash back on all purchases, making it an excellent option for businesses that regularly make a lot of purchases.

1.5% Cash Back on All Purchases:

The Ink Business Unlimited Credit Card stands out because of its flat rate cash back feature. Every purchase made with this card earns 1.5% cash back with no category restrictions or spending caps.

This makes it a suitable card for small business owners who are looking for an easy, hassle-free rewards credit card. $750 Bonus after Spending $6,000 in the First 3 Months:

Along with the cashback feature, the Ink Business Unlimited Credit Card comes with a welcome offer of $750 bonus cash back after you spend $6,000 on purchases within the first three months of opening the account.

This can help new businesses cover some of their initial expenses. Ink Business Unlimited Credit Card Benefits:

Apart from its cashback rewards and welcome offer, the Ink Business Unlimited Credit Card offers several other benefits that can be useful for small business owners, such as:

1.

Purchase Protection: Protects your new purchases for up to 120 days against damage or theft. 2.

Extended Warranty Protection: Extends your manufacturer’s warranty by an additional year for eligible products. 3.

Employee Cards: Allows you to set spending limits and earn rewards for purchases made by your employees using their Ink Business Unlimited Credit Cards. 4.

No Annual Fee: Unlike many of its peers, the Ink Business Unlimited Credit Card doesn’t charge an annual fee, making it an ideal option for small business owners on a tight budget. The Blue Business Plus Credit Card from American Express: 0% APR and Membership Rewards

For small business owners who are looking for a credit card that offers a combination of 0% APR and Membership Rewards, the Blue Business Plus Credit Card from American Express is an excellent option.

This card provides a 0% intro APR on purchases and balance transfers for 12 months and rewards you with Membership Rewards points for eligible business purchases. 0% Introductory APR on Purchases for 12 Months:

The Blue Business Plus Credit Card is unique in that it offers a 0% introductory APR on purchases for the first 12 months after opening an account.

This is a useful feature for small businesses that are just starting up, as it allows them to defer payment on critical purchases without accruing interest. 2X Membership Rewards Points on Eligible Business Purchases up to $50,000 Each Year:

Cardholders of the Blue Business Plus Credit Card earn 2 points per dollar spent on eligible purchases, up to $50,000 per year.

After reaching this limit, the points earned drop to one point per dollar spent. Additionally, Membership Rewards points can be redeemed for travel, merchandise, gift cards, and statement credits.

Blue Business Plus Credit Card from American Express Benefits:

Besides its introductory APR and Membership Rewards, the Blue Business Plus Credit Card provides additional benefits for business owners, including:

1. Travel Accident Insurance: Provides coverage on accidental death and dismemberment during business trips that are paid for with the card.

2. Extended Warranty Protection: Doubles the warranty on eligible purchases made on the card for up to one additional year.

3. Purchase Protection: Covers eligible purchases made with the card against accidental damage or theft for up to 90 days.

4. No Annual Fee: The Blue Business Plus Credit Card doesn’t charge an annual fee, making it an excellent option for small business owners who don’t want to pay extra fees.

Conclusion:

Both the Ink Business Unlimited Credit Card and the Blue Business Plus Credit Card from American Express offer several features that are useful for small business owners, such as cash back, Membership Rewards, and 0% APR on purchases. Potential cardholders should compare these features and other benefits provided by each card to find the one that suits their specific needs best.

U.S. Bank Cash+ Visa Signature Card: Bonus Rewards and Cash Back

The U.S. Bank Cash+ Visa Signature Card is a unique cashback rewards card that allows cardholders to choose categories for bonus rewards. Cardholders will earn 5% cash back on two categories chosen by them, and 2% cash back on one category of their choice.

Choose Categories for Bonus Rewards:

One of the most significant features of the U.S. Bank Cash+ Visa Signature Card is the ability to choose the categories for bonus rewards that work best for your lifestyle. Cardholders can earn 5% cash back on two categories out of a list of options, such as TV, internet, and streaming services, home utilities, cell phone providers, ground transportation, and more.

Cardholders also earn 2% cash back on one category of their choice. Additionally, there is a 1% cashback reward on all other purchases made with the card.

Cash Back Earned Through U.S. Bank Cash+ Visa Signature Card:

Cardholders can earn cash back rewards with the U.S. Bank Cash+ Visa Signature Card in the following ways:

1. 5% Cash Back on Two Categories: Cardholders can earn 5% cash back on two categories of their choice, depending on their preferences.

2. 2% Cash Back on One Category: Cardholders can earn 2% cash back on one category of their choice, such as gas, groceries, or restaurants.

3. 1% Cash Back on All Other Purchases: Cardholders earn 1% cash back on all other purchases made with the card.

Rewards redeemed for cashback are delivered in the form of statement credits, direct deposits, or gift cards. U.S. Bank Cash+ Visa Signature Card Benefits:

Apart from its cashback rewards program, the U.S. Bank Cash+ Visa Signature Card also provides additional benefits for its cardholders, such as:

1.

Free Credit Score: Cardholders can access their free credit score regularly. 2.

Fraud Protection: The card offers zero fraud liability protection, which means that cardholders will not be held responsible for unauthorized transactions. 3.

Auto Rental Collision Damage Waiver: The card provides coverage for damage caused to a rented vehicle. Citi Double Cash Card: Cash Back and 0% APR on Balance Transfer

The Citi Double Cash Card is a cashback rewards card that allows cardholders to earn a flat 2% cashback on every purchase made, with no category restrictions or spending caps.

Additionally, this card offers a 0% intro APR on balance transfers for 18 months, after which the standard variable APR applies. 2% Cash Back on Every Purchase:

The Citi Double Cash Card stands out for its straightforward cashback reward structure of 2% cashback on every purchase made.

Cardholders earn 1% cashback on purchases made, and an additional 1% cashback when the balance that they owe is paid. 0% Intro APR on Balance Transfers for 18 Months:

The Citi Double Cash Card offers a 0% introductory APR on balance transfers for 18 months from the opening date.

Interest will then accrue on the transferred balance with the standard variable APR. There is a balance transfer fee of 3% or $5, whichever is greater.

Citi Double Cash Card Benefits:

Apart from its cashback rewards program and 0% APR on balance transfers, the Citi Double Cash Card also offers several additional benefits, such as:

1. Citi Entertainment: Offers access to presale tickets, exclusive experiences, and more.

2. Price Rewind: The card applies price protection to purchases made on eligible items, tracking their price history for 60 days and refunding the difference if the price drops.

3. Lost Wallet Service: The card provides 24/7 assistance to help cardholders reporting a lost or stolen card.

4. Citi Private Pass: Allows cardholders to gain access to exclusive experiences, from dining and sports to concerts and theater events.

Conclusion:

Both the U.S. Bank Cash+ Visa Signature Card and the Citi Double Cash Card offer a straightforward rewards structure and a 0% intro APR on balance transfers. Potential cardholders should compare the rewards categories offered by each card to decide which rewards structure best suits their spending habits.

Ultimately, the card that offers the most valuable rewards and benefits should be considered before applying for a card.

How Credit Cards Can Power Up Real Estate Investing

Real estate is a significant investment, and many investors have turned to credit cards to help fund their ventures. Credit cards can offer various benefits to investors, such as improved cash flow, earning potential, major rewards up front, separate expenses and credit history, and 0% financing.

Improved Cash Flow:

Credit cards could

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