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Posted 8 mo ago
Responses: 2
LTC Eugene Chu consider a Line of Credit... $50,000.00 or higher... interest rate is a lot less that Credit Cards.
"What To Look For in a Credit Card for High-spend and Large Purchases
You generally can’t have high spending without having a high credit limit.
High-limit credit cards are generally considered those credit cards with limits greater than $10,000. You’ll need an excellent credit score and sufficient income to qualify for a card with a credit limit greater than $10,000.
You won’t know upfront what your credit limit will be when you apply for a card, but you’ll want it to be sufficient to allow you to match your anticipated spending levels and in turn, earn the associated rewards.
Hitting credit card spending thresholds can earn a variety of elevated reward levels, including the following:
Free hotel nights
Hotel loyalty program elite status
Companion airline tickets
Bonus frequent flyer miles
Mileage/dollars toward airline elite status
Bonus rewards points
Generous welcome bonuses"...
"What To Look For in a Credit Card for High-spend and Large Purchases
You generally can’t have high spending without having a high credit limit.
High-limit credit cards are generally considered those credit cards with limits greater than $10,000. You’ll need an excellent credit score and sufficient income to qualify for a card with a credit limit greater than $10,000.
You won’t know upfront what your credit limit will be when you apply for a card, but you’ll want it to be sufficient to allow you to match your anticipated spending levels and in turn, earn the associated rewards.
Hitting credit card spending thresholds can earn a variety of elevated reward levels, including the following:
Free hotel nights
Hotel loyalty program elite status
Companion airline tickets
Bonus frequent flyer miles
Mileage/dollars toward airline elite status
Bonus rewards points
Generous welcome bonuses"...
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