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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/
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