Skip to site content
Logo
  • The Shows
    • The Money Guy Show
    • Making a Millionaire
    • Ask Money Guy
    • React
    • Mini Shows
  • Articles
    • All Articles
    • Beyond Basics
  • Products
    • Courses & Tools
    • Millionaire Mission
  • Resources
    • Where To Start!
    • Interactive Tools
    • Free Downloads
    • Ultimate Guides
    • Financial FAQs
  • About Us
    • About Brian
    • About Bo
    • Press
    • Join the Team!
  • Become a Client
  • Change your life by
    managing your money better.

    Subscribe to our free weekly newsletter by entering your email address below.

    Not receiving our emails and want to resubscribe? Click Here

    Watch, Listen, Connect

Change your life by
managing your money better.

Subscribe to our free weekly newsletter by entering your email address below.

Not receiving our emails and want to resubscribe? Click Here

Watch, Listen, Connect

Our updated FOO Course is OUT NOW at a new, low price of $49!

ARTICLES

These Are the Credit Cards in Our Wallet!

Posted January 23, 2023

In this highlight, we discuss whether or not millionaires use credit cards and what credit cards millionaires use. We also highlight how credit cards can be powerful financial tools, when used correctly.
Transcript
When it comes to credit cards, it's important to know what you're looking for and what works best for you. For most of my everyday purchases that don't fall into a different category, I use the Fidelity rewards Visa card. This card gives me 2% back on everything and rewards are automatically deposited into his account. For shopping on Amazon and trips to Whole Foods, I use the Amazon card because it gives me 5% back on those purchases. For shopping at Target, I use the Target red card, and for gas and travel, I use the Costco City rewards Visa card which gives me categorical spending and savings. It's important to note that these are the credit cards that work for me and my household personally, but may not necessarily work for everyone. However, I do recommend the Fidelity Visa card as a default because it gives 2% back on everything. For maximizing category spending, I would recommend the Costco Visa card for its 3% on restaurants and 4% on gas. I also have an Amex Platinum card for traveling, and my wife has a Southwest card for travel out of Nashville. When it comes to credit cards, it's important to find what works best for you and your lifestyle. It's also a good idea to have a diverse selection of cards that can maximize your spending and rewards. Remember, credit cards can be powerful financial tools, but if you struggle with debt, cut them up and throw them out! To learn more about how much you should be saving, download our free resource: "How Much Should You Save?"

The Money Guy Blog

Read through our thoughts and tips on how to manage your money better.

View more posts

Categories

Financial Planning

Tags

credit cards, financial planning, personal finance, saving money

Free Resources

Financial Order of Operations®: Maximize Your Army of Dollar Bills!

Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and…

View Resource

Net Worth Template

It’s our favorite time of year: time to complete your annual net worth statement!

View Resource

When Should I Claim Social Security?

Social Security can have big impacts on your retirement. But knowing when to draw Social Security can depend on a…

View Resource

Episodes

maxresdefault 59

Is a $100k Income STILL Enough to Buy the American Dream?

Watch Now
maxresdefault 47

How to Make Money in a Market Crash

Watch Now
maxresdefault 46

How to Turn Your Finances Around in 6 Months

Watch Now

Financial FAQs

  • How Much do I Need to Have Saved for Emergencies and Where Should I Keep it?
  • Do I Need a Will? What is the Best Way to Get One?
  • Do I Need Life Insurance? What’s the Difference Between Whole Life and Term?
  • When Is It Ok To Stop Saving So Aggressively and Spend Money On Things I Want?
  • What is an HSA and Should I Contribute to One?

Courses & Tools

How about more sense and more money?

Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.

https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-book.png

Millionaire Mission (Brian’s Book)

Buy Now
https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-pencil.png

The Money Guy Net Worth Tool

Buy Now
https://moneyguy.com/wp-content/uploads/2023/10/accent-icon-book.png

Financial Order of Operations Course

Buy Now
More Courses And Tools

Articles & Insight

A little knowledge is an amazing thing.

Get your money's worth of answers to your financial questions and more niche topics.

I Have a Lot of Money, but I Don’t Feel Wealthy!

building wealth, personal finance, wealth

Read More

The 5 Best Tools To Cover Life’s Greatest Financial Risks

emergency fund, financial planning, insurance

Read More
maxresdefault 59

Is a $100k Income STILL Enough to Buy the American Dream?

Watch Now
More Blog Posts

Change your life by
managing your money better.

Subscribe to our free weekly newsletter by entering your email address below.

Not receiving our emails and want to resubscribe? Click Here

Watch, Listen, Connect

  • The Money Guy Show
  • Articles
  • Products
  • Resources
  • FAQs
  • About Us
  • Become a Client
  • Media Kit
  • Visit Abound Wealth
Disclaimer   |   Privacy Policy   |   Terms of Use   |   Store FAQs & Return Policy

Copyright © 2025 Money Guy, All Rights Reserved