Credit cards, if used responsibly, can be a great financial tool to help your Army of Dollar Bills go further for the purchases you make. It’s been quite some time since we covered the topic of credit cards, so tune in this week as week revisit this important financial subject and have our fellow financial mutant Carter Thomas join us for this episode.
In this week’s installment of The Money Guy Show, we review how to use credit cards to your financial benefit and look at the different types of rewards programs in depth. Jump in and here’s what you’ll find out:
- The surprising and quaint history of the credit card
- What you may or may not know about building and sustaining great credit
- The positives and negatives of using credit cards
- How to effectively use credit cards to maximize your spending power
- Super easy ways to create safeguards around your credit card usage so that you don’t over-leverage yourself
- The benefits of travel reward credit cards and when they reach their peak reward benefit
- The difference between travel reward credit cards and cashback reward credit cards
- Extra benefits credit cards offer like car rental coverage and how to know if yours has it
- How to know which type of reward program may be best for you
- Comparison of a few different rewards programs and our personal experiences with some of them
- If remaining loyal to certain credit card companies is beneficial to you
- Resources for finding and comparing different credit cards
Resources mentioned on the show:
- Primary rental car coverage: https://thepointsguy.com/guide/cards-primary-car-rental-coverage/
- Best rental car insurance cards: https://www.creditcards.com/credit-card-news/best-card-rent-car-insurance-1273.php
- NERD WALLET’S Best Credit Cards List: https://www.nerdwallet.com/the-best-credit-cards
- NERD WALLET’S Cash Back vs. Travel Cards: https://www.nerdwallet.com/blog/credit-cards/cash-back-vs-travel-how-to-choose-your-credit-card-rewards/
Tune In and Go Beyond Common Sense with the Money Guys
This show would not be what it is today without the support of our wonderful listeners. We strive to continue making the show better and your feedback is an important part of that process.
If you have any questions/suggestions/comments/concerns (or just want to say hi!), feel free to reach out to us: firstname.lastname@example.org and email@example.com. You can also join the conversation on Facebook or connect on Twitter @MoneyGuyPodcast.
If you enjoyed this episode, be sure to join our community! You’ll get immediate access to 15 of our most recent shows, plus you’ll get future podcasts delivered straight to your inbox so you can get in on the action right away