Credit card bonus for student on Jobseeker

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  tsunamisurfer on 01/09/2020 - 01:37

  +13

  Short version. Guys how do I get rich?

  • 

    supacheap on 01/09/2020 - 01:53

    +5

    Man the number of times I've heard people go on about "wanting financial independence" and "don't want to work forever" as if it's a unique desire. Newsflash: 99% of the population wants to retire early and enjoy life!!!!

    OP not sure if you're after life advice or just want a CC with Qantas points ….

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    adamiscoolization on 01/09/2020 - 02:49

    -1

    No, don't tell me how to get rich. I have to find out by myself through my own endeavours.

    Honestly credit card suggestions is what I'm looking for and life advice.

    Should I prioritise income or happiness? Focus on your passions. Things like this from your guys' experience.

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  AustriaBargain on 01/09/2020 - 02:14

  +1

  Even a credit card with just a thousand dollar limit can be nice, they might not offer them that low. But you can chargeback on a real credit card, which you can't do with a debit card. It's more of a hassle with a debit card anyway.

  I want to use my skills to help others and make an impact

  And what skills would they be, do we get some hints?

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  canyoudoitcheaper on 01/09/2020 - 02:16

  +3

  1: “credit card with big bonuses”
  2: “use my skills to help others and make an impact”
  These two things are mutually exclusive. Stay in school, work hard and maybe you’ll find both.

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  morse on 01/09/2020 - 02:33

  It depends your skills, interests and what there’s a market for. Your goals sound quite aspirational and you’re likely to need luck, persistence and hard work to be successful. Don’t rule out just getting a regular job as an employee (if you can in this tough market), at least part time whilst working on whatever business or innovation you decide to go for. Working in someone else’s business, an NGO or government organisation is a great way to develop skills and learn from others. There’s also a chance you won’t make a breakthrough innovation that will help others and get you rich either soon or ever so you may was well have a regular income stream in the meantime.

  As a govt employee in healthcare I’ve watched a number of colleagues, mostly successfully, develop businesses whilst an employee, some then leaving public service once established or some continuing their business on the side. Some have developed their businesses in related fields e.g. consulting, data analytics, quality improvement, private practices. Others have ventured into office cleaning businesses (good money here), cafes, importing etc. Most have used their earnings, learning and connections from work as an employee in some way to help them establish these businesses.

  Personally I’ve chosen to be an employee so far. It gives me income security and I’ve learned and developed skills/expertise along the way. It also keeps work in the confines of work. I wouldn’t necessarily rule out starting a business in the future, but from what I’ve seen, it’s a lot of hard work and you never really clock off.

  Credit cards with bonuses, can work out well if you play them right, but you can get burned if you forget to pay on time, don’t cancel after the first year or simply spend more than you can afford. Either way, credit card bonuses are a really minor compared with simply earning money either by working for someone else or for yourself.

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    adamiscoolization on 01/09/2020 - 03:01

    Thanks, for this detailed response.

    I'm willing to put in the hard work now (even 16 hour days) in order to be ahead in the next decade if it means I have created my own service/product that is actually innovative. I may use a job as a stepping stone, as it seems to bring good skills, but I gotta keep learning and growing, it's a goal of mine, even if i retire. I wanna be still learning at 100, provided I live to that long, which is why health is wealth.

    I am still looking for a credit card for my circumstances as it helps in the short term. Any suggestions?

    • 

      morse on 01/09/2020 - 03:34

      There was a $100 sign up bonus for this fee free one for ages, but I can’t find it now, so it doesn’t really help you
      https://www.secure.coles.com.au/acquisition/AUCFS/index.html…

      As far as I know most the ones with big bonuses require a pretty large minimum spend in the first month, e.g. $3000 to get the bonus which might not suit your needs.

      You might have more luck calling or going into a local bank branch that’s doing one of the bonus deals. E.g. https://www.stgeorge.com.au/personal/credit-cards/frequent-f… Sometimes they’ll waive the annual fee after a chat, particularly If you’re willing to switch your everyday account to them. Your existing bank could also be a good place to try if they have any current deals, especially if you let them know you’ve seen a competitors offer and are thinking of switching.

      Be mindful that once you get one card you’re very unlikely to get another anytime soon on your income, so choose your card wisely.

      Good luck with the innovation and keep OzB updated if you’re successful.

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  Pam74 on 01/09/2020 - 09:34

  My first CC when I was a uni student (working casual job) was a commbank one with no fee first year and $300 cash back if I spent $1000 in 3 months, times where good :,)
  Goodluck in finding one for you and your endeavours

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  netjock on 01/09/2020 - 10:05

  Turning junk into treasure. The holy grail. Alchemists tried forever to turn cheap metals into gold.