How To Be A Smart Credit Card User
COMBINE CREDIT CARDS TO EARN UP TO4% IN REWARDS Credit card companies generally charge merchants around 2% - 2.5% in interchange fees or swipe fees Average rewards cards: 1% - 1.5% with 2% cards being the exception BUT YOU CAN COME OUT WITH AROUND 4% IN REWARDS 00 Capitalize on cards offering "teaser" categories Take advantage of offers where product marketing is more important to the issuer than profitability If you're going to carry more than one card, you should or Earn 3% on gas and groceries definitely add Amex and Discover to your set Some X Earn 5% on gas common derivatives of this "teaser" credit card include or Earn 5% on restaurants all while earning X Earn 1% everywhere else THIS IS ALSO WHY SOME STORES WON'T ACCEPT THEM BUT THIS IS NOT YOUR PROBLEM The issuers assume that the average person will end up earning less than 1.5% rewards over all, so they still make good money despite the teaser The rewards you get from these two cards generally pay above-average, rewards BUT YOU CAN COMBINE A FEW CARDS WITH DIFFERENT TEASER CATEGORIES, AND DRASTICALLY INCREASE HÓW MUCH OF YOUR SPENDING IS EARNING YOU MAXIMUM REWARDS Because they charge merchants higher fees than Visa or MasterCard doME EXAMPLES SOME EXAMPLES American Express Blue Cash Cash Back Up to 5% cash back, No annual fee 0% for 6 months O Citi Dividend Platinum Select Mastercard Cash Back Up to 5% cash back, No annual fee Discover More Card Cash Back Up to 5% cash back bonus, No annual fee, $100 cash bonus O Chase Freedom (SM) Visa $50 Bonus Cash Back $50 bonus, 5% cash back, No annual fee O Chase Freedom (SM) Mastercard $100 Bonus Cash Back $100 bonus, 5% cash back, No annual fee American Express True Earnings Card Cash Back Up to 3% cash back bonus, No annual fee, $25 cash bonus OChase Sapphire Credit Card Point Rewards Unlimited points, Bonus: $100 cash or 10,000 points, no annual fee American Express Zync Card Point Rewards Bonus: 10,000 points after 1st purchase, $25 annual fee O Citi Forward Student Point Rewards Rewards car, No annual fee American Express Gold Card Point Rewards Eam points for every purchase $125 annual fee Citi Diamond Preferred Rewards Card Point Rewards Rewards car, No annual fee The Digerati Life ........... *........ ....... THIS IS WHY 8) ......... ........ *••…....... .........*
How To Be A Smart Credit Card User
Source
Unknown. Add a sourceCategory
BusinessGet a Quote