One of the reasons why we're covering this topic is because there's a common misconception that the more credit cards and rewards you have, the more debt there is.
The Ask Sebby community consists of financially responsible people, but there's the other end of the spectrum of people with little self-control.
With the holidays coming up, we're receiving more requests to recommend balance transfer cards. I'm a firm believer of paying off your cards in full every month. If you're playing the minimum payment game, pay off your debt first before requesting a card consultation.
The iPhone X is a good example. I know some people who can't afford the phone outright and plan on paying 20% interest each month with their credit card. This means that you're paying a premium to buy the iPhone X. In my opinion, getting into debt for the latest phone is not worth it unless you can somehow turn a profit from it.
Credit cards are like alcohol. If you don't have self-control, you can become an alcoholic quickly. However, if you know your limits and drink responsibly, then alcohol is not a nemesis.
At the end of the day, you should only get a credit card if you pay off your cards in full each month. Don't make the mistake of getting into debt during the holidays.
The Federal Reserve met earlier this month and reduced the Federal Funds rate by 0.25%. Reducing the rates resulted in a decrease of APY for high-yield savings and checking accounts across the board. Compare high-yield saving account rates.
Amex deals can be found after logging into your American Express online account. Scroll down to find targeted offers. To redeem an offer, be sure to click “Add to Card” before making the purchase.
The Chase IHG Rewards Club Premier card has a 80,000 point signup bonus and gives you a free anniversary night. Here's our review.
For a limited time, select American Express co-branded credit cards have increased offers for August.
The American Express cash back trifecta is a combination of cards that compliment each other’s point multipliers.
Best and worst Chase business credit cards. Business credit cards can be a great way to earn additional points on purchases you’re already making. Depending on the credit card, spend multipliers can include social ad spend, gas stations, restaurants, and office supply stores.
July Recap: Citi Removes Benefits, Changes to Amex Airline Credit, Equifax Settlement, and Capital One Data Breach
Plastiq is a service that lets you pay virtually any bill with a credit card. There is a 2.5% flat fee for all transactions, and there are a few payment type restrictions for each various credit card issuers.
Plastiq is a service that lets you pay merchants and bills with a credit card for a 2.5% fee. They’re currently running a promotion for new small businesses to earn $4,000 in fee-free dollars when they sign up through this link and verify their business with a representative.
A lot of our subscribers have both the Chase Sapphire Preferred or Chase Sapphire Reserve, and the American Express Gold Card. Is it a good strategy to have both cards?