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Your Credit Spirit - Texas Election Edition


"Politics and money? Those things don't mix" said every politician ever. That's why The Penny Jar is doing the opposite thing and bringing you a political credit card post. Today, we're doing some hard hitting journalism that matters in order to figure out what credit card most closely resembles two popular Texas politicians; Ted Cruz and Beto O'Rourke. Think of this as a spirit animal, but better. Who wants to be a cheetah when they can be a Chase Sapphire Reserve? Hint: One of those things comes with a $300 annual travel credit and the other is on the endangered species list. 


Beto O'Rourke - The Amex (Rose) Gold

Beto is a relative political newcomer, serving in the House of Reps for Texas' 16th congressional district since 2013. He brings a fresh face to the game and is looking to shake things up a bit. 

Like both O'Rourke and Cruz, the Amex Gold card has given itself a new name a time or two. In past lives, The Amex Gold card has been the Premier Rewards Gold, or the Enhanced Premier Rewards Gold card. But, like Beto, it's bringing new life to a stale market. Refreshed in 2018, the Amex Gold is looking to kick out the establishment (Sapphire Reserve). Viewed as the underdog, the Amex Gold has some strong momentum bringing competition to a space that was believed to be all but locked up.

Beto loves dining out and travel. Whether he's out skateboarding or drumming along in his car while waiting at Whataburger, this guy gets it. The Amex Gold card offers 4x points per dollar spent on dining out, 4x points on US supermarkets for those that like to eat in, and 3x points on flights booked through Amex's travel portal or directly with airlines. On top of that, you can earn a $10 monthly credit if you eat at qualifying restaurants. Boom. Match made in heaven. Meanwhile, Ted Cruz has to eat alone at home in shame.

Like Beto, the Amex Gold brings a few important things Millennial's love to the table. Flexibility, prestige, and rose gold. The points you earn can be transferred to a handful of travel partners for easy travel. You'll also earn $100 a year in travel credits on a qualifying airline of your choosing. Hello comped in-flight Mimosa. New card members can also opt to receive a rose gold metal card before 1/9/2019. 

We can't overlook the $250 annual fee. Sure - it sounds a bit pricey, but sometimes it is the price you pay to pull yourself out of the mud.  The additional benefits make this metallic rain maker worth carrying around, if you're in it for the long haul. 



Ted Cruz - Synchrony Bank Toro Credit Card

But he's going to call it the Torontasaurus card, because that sounds more American than Rafael Toro. If you're not familiar with Synchrony, you should be. They are one of the largest backers of store branded credit cards in the United States. Formerly known as GE Capital Retail Finance Corporation, this bank knows its way around a lobbyist or two. Have you ever had a GAP or Old Navy credit card, only to wake up with regret later? Yeah. You know Synchrony. That 10%  tax break  off your first purchase doesn't look so great all of a sudden, does it?

Fun fact, store cards charge an average of 23.84% interest, compared to the national average of 15.96%. Talk about taking from the poor and giving to the rich. Ted Cruz - the modern day reverse Robin Hood.

Last but not least, Synchrony Finance (GE Capital) loves fleecing consumers. Fined 225 million in 2014 by the Consumer Financial Protection Bureau for misleading consumers, they have a friend in Ted Cruz. He is currently seeking to dismember the same body, one of the only regulatory bodies that is actively trying to protect consumers from poor advertising practices in the financial space. Channel your inner Synchrony, Mr. Cruz. We hear you roar. Rawr. 



A Penny for Our Thoughts

As a non-partisan news organization, we are glad that we are neither never thinkers, or fake news. We are the self appointed world's first credit cards but sometimes also political very hugely not fake real news outlet. On that note, we leave you with this note:

Get smart about your money, but first, register to vote. Having money means nothing if you're dying in a grease fire. - The Penny Jar.


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