Thoughts on Credit Card Strategy? : CreditCards

Dec 20, 2024 · When I first started my credit journey, my idea was to fully maximize the amount of points I could earn each month. Over time though, I started to adjust my strategy to earn as many transferable points possible. This led me to going with a 2-card strategy with the CFU and the …

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My Credit Card Strategy: Stretch The Budget With Cash Back

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Jul 9, 2018 · Using cash-back credit cards on everyday purchases like groceries and household supplies helps my family earn over $1,000 in rewards a year.

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FAQs about Thoughts on Credit Card Strategy? : CreditCards Coupon?

Do credit cards build your credit rating?

Of course, credit cards offer convenience, and some also feature perks such as an interest-free period or rewards, the points or miles earned on spending. And if you pay your bill diligently — in full and on time each month — credit cards help build your credit rating. But that’s the usual stuff. ...

Are credit cards a tactical payment tool?

Credit cards are daily payment tools for many Americans, but yours probably also has unintended tactical uses you never thought of, such as slicing open birthday card envelopes your grandparents send. ...

How do I Choose my next credit card?

Finally, pay attention to gaps in your current card strategy to help you choose your next credit card. This could be as simple as noting the type of miles you're running low on and deciding you want your next card to be one that earns those miles. ...

Which credit card is best for everyday purchases?

The Marriott Rewards® Premier Plus Credit Card is a good option for everyday purchases. It has an annual fee of $95, but the free anniversary night makes it a reasonable choice. ...

Which credit cards earn 2% back?

I use the Ally card for gas and groceries, which earn 2% back. I use the Wells Fargo Cash Wise Visa® card for my cell phone bill, and the Chase Freedom Unlimited® for any random purchases to earn 1.5% back, which I can later redeem as Chase Ultimate Rewards® points. ...

Should you use a rewards card for all transactions?

Issuers would love you to use only their rewards card for all transactions. But one of the best tactics is to use two cards: one that gives you high rewards for certain categories of spending — such as 3% to 5% back at gas stations or restaurants — and another card that gives you good rewards on everything else, with “good” being 1.5% or 2% back. ...