Leveraging Credit Cards for Cash Back & Points

credit-card-points

Credit cards can be incredibly lucrative, but can also be extremely dangerous. In order to utilize credit cards properly you have to understand a few basic points.

This episode discusses, as part of a week-long series on buying and purchasing habits, how to leverage and what credit cards to use in order to capitalize on earning points, miles and cash back for your purchases.

QUESTION(S) OF THE DAY: What’s your favorite credit card? Please let me know in the comments.

Scroll below for links and show notes…

Selected Links from the Episode

Show Notes

  • Stumbling upon the world of travel hacking [07:18]
  • Travel hackers that I read on a daily basis [08:30]
  • Deciding on what your goal is and how you can leverage credit cards [14:19]
  • Every purchase should be made with a credit card [15:48]
  • If you are going to utilize credit cards you should not ever carry a balance [18:07]
  • If you cannot control your spending habits you should not have a credit card [19:54]
  • Using 0% APR credit cards as a college student [21:14]
  • How my credit score has been affected through credit card churning [24:31]
  • How your FICO score or credit score is calculated [26:30]
  • Understanding the rules each bank has with regards to credit cards [36:57]
  • Don’t bite off more than you can chew applying for too many credit cards at once [41:13]
  • Leavening and utilizing personal and business credit cards [42:18]
  • The options you have available for credit cards [45:01]
  • Fee versus no-annual fee credit cards [46:33]
  • Real world examples of leveraging credit cards [50:36]
  • Recommendations for credit cards for you to use [58:39]

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