A deep dive into credit card strategies for 2024 awaits! Discover which cards are in the spotlight and how to optimize rewards across dining, travel, and more. Learn tricks for managing fees and mastering retention offers to keep your cards beneficial. The host shares a listener's success story that highlights the perks of savvy credit card use while traveling. Plus, get excited about new financial apps that can elevate your budget management. It's all about making the most of your financial tools!
Align credit cards with specific spending categories for maximum rewards and perks.
Consider retention offers, downgrade options, and cancellation considerations for existing cards.
Explore potential future cards of interest like the Built card, Delta Platinum card, and Wells Fargo autograph card.
Deep dives
Evaluating Credit Cards and Planning for 2024
In this podcast episode, the host discusses the process of evaluating credit cards and planning for the upcoming year. The episode dives into the various factors to consider when choosing credit cards, such as spending habits, rewards, and benefits. The host emphasizes the importance of aligning credit cards with specific spending categories to maximize rewards. Moreover, the episode touches on the concept of retention offers, downgrading or cancelling cards, and the value of transferable points. Additionally, the host explores potential future cards of interest, including the Built card, Delta Platinum card, and Wells Fargo autograph card. They also mention strategies involving cashback cards and the potential benefits of using 0% APR cards. Overall, the episode provides listeners with insights into making informed choices when it comes to credit cards and highlights upcoming trends and options to consider in 2024.
Focused Spending Categories and Rewards
In this podcast episode, the host emphasizes the importance of aligning credit cards with spending categories to maximize rewards. They explain that certain credit cards offer bonus points for specific categories, such as dining, groceries, and travel. By selecting the right card for each category, listeners can earn higher rewards and benefit from perks like free check bags or companion certificates. The host also mentions the significance of retention offers, downgrade options, and cancellation considerations for existing cards. Moreover, they touch on the value of transferable points and potential transfer partner programs. The episode concludes with a discussion on upcoming cards of interest, including the Built card, Delta Platinum card, and Wells Fargo autograph card.
Interest in Built Rewards and Transfer Partners
In this podcast episode, the host expresses interest in the Built card and its rewards program, Built Rewards. They highlight the benefits of earning points on rent payments and the increased point earnings on rent day. The host also mentions the possibility of future transfer partners and the potential impact on point value. Furthermore, they discuss the potential appeal of the Delta Platinum card, which offers free check bags, companion certificates, and 15% off award bookings. The episode concludes with a mention of the autograph card from Wells Fargo, highlighting its 3x earnings on mobile wallet payments, potential transfer partners, and 0% APR benefits.
Exploring Cashback Card Strategies
In this podcast episode, the host explores the concept of cashback cards and their potential advantages. They discuss the possibility of switching to cashback accumulation and using the cashback to purchase discounted miles and points during sales. The host also mentions the US Bank Altitude Reserve card, which provides 3% cashback on mobile wallet payments and 3% cashback on travel. They highlight the option to use cashback for travel bookings or utilize the real-time rewards feature. Moreover, the episode touches on the value of 0% APR cards and potential strategies for earning interest while making minimum payments. The host concludes by teasing a future episode that will delve deeper into the case for cashback.
Future Card Exploration: City Cards and Marriott Bonvoy Brilliant
In this podcast episode, the host discusses potential future cards of interest, including city cards and the Marriott Bonvoy Brilliant card. They explain that city cards offer valuable rewards in categories such as travel, dining, and groceries, but note that the categories are already covered by existing cards. However, the host expresses interest in the autograph card from Wells Fargo, which is rumored to offer higher earning potentials. Additionally, they mention the Marriott Bonvoy Brilliant card as a possible choice to maintain platinum status and access free breakfast at Marriott properties. The episode concludes with a mention of the US Bank Altitude Reserve card, highlighting its cashback benefits and potential options for using cashback on travel offers.
#152: Chris reviews his credit card lineup, sharing insights on what he currently uses, what's on the back burner, and some new additions for 2024. He also shares the best card strategies to optimize points across major spending categories such as dining, groceries, travel, and more.
(08:21) Cards for Travel & Booking on Travel Portals
(11:21) Best Card for Amazon.com
(11:36) Cards for Cell Phone Services
(12:20) Best Card for Costco
(15:31) Cards for the 'Other' Category
(16:54) Cards for Gas
(17:37) Business Cards
(18:32) Two Ways to Determine If a Credit Card Is Worth It
(21:31) Key Takeaways for Chris' Credit Cards
(27:43) What to Do With Cards You Don't Need
(34:42) Evaluating Cards for The Future
(35:19) The Bilt Mastercard®
(39:14) The Delta SkyMiles® Platinum American Express Card
(40:12) The Capital One Savor Cash Rewards Credit Card
(41:11) The Marriott Bonvoy Brilliant® American Express® Card
(41:51) Citi Cards
(43:37) The Wells Fargo Autograph℠ Card
(45:10) The U.S. Bank Altitude® Reserve Visa Infinite® Card
(47:26) 0% APR Cards
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