Thursday, June 5, 2008

A Ticket Broker’s Guide To The Best Credit Cards

Let me start off by saying that if you can’t afford to pay off your credit cards in full every month then it’s not worth getting into this business. Don’t begin to invest in tickets when you’ll end up paying interest on them

That being said, hopefully none of you will get into situations where you purchase tickets on your credit card and then have to dump them by the end of the month just to pay off your bills.

There are a ton of credit cards out there but lets look at the ones that benefit ticket brokers the most:

  • Every ticket broker should have at least one of each; a Visa Signature, Citi, American Express and Mastercard, as some presales will be for that card only. (And yes I know you can you can get away with using the Citi presale without the card, but the other presales will actually require you to use their specific card. The citi presale password is the first 6 digits of your card. 414720, 426690 or 408161 should all work.)

  • Points and cash back rewards are both good, it just depends on personal preference. Points are worthless if you don't use them, but can be quite beneficial if you end up with freebies you'd regularly use anyways. Cash back is always good and generally what I go for.

  • You should be getting back at least 1% rewards either way, and if you’re not, you should definitely find another credit card that does.

  • The problem with hotel/airline credit cards is that usually you need to accumulate a ton of points to be eligible for anything. They make the number of points for a free night stay equivalent to the full rate which no one every pays, so the actual value of each point is very low. Your best bet would be to shop around for deals rather then waste time with these cards. Additionally, you’ll find they have a lot of blackout dates so you won’t be able to redeem your points at certain times.

  • If you’re starting out small, I’d go with the American Express card. It seems like they have one of the best reward programs out there and there are lots of Amex presales to take advantage of so I’d definitely choose this one over anything else. Take a look at the American Express website and find out which one is right for you. (And note that you don’t need an American Express gold card to access the gold presales. Any Amex card will work – just use the password “ingold”)

  • Try to have each credit card linked to a different name and address so you can get around any ticket limit restrictions. You can use your house, parents, friends, and UPS PO boxes.
That should help you out for now and if you want to continue your research, check out this site: CreditCardGoodies.com. It compares all the major credit cards and their reward programs.

1 comment:

Unknown said...

Thanks for given suggestion, I would wish to invite for getting all events tickets at a cost efficient price.