Скачать или смотреть How To Win The Credit Card Game

Don't be scared of credit cards! Do you know that you can use credit cards, pay zero interest or fees, and get paid to do so? Let me tell you how to win the credit card game.

Here's how to play:

Rules of the game:

1. Try your hardest to get rewards for every dollar you spend. Meaning, pay all bills, entertainment, living expenses, everything, with your rewards credit card. If I could use my credit card to pay the rent without large processing fees I would.

2. Find a credit card that gives you something for every dollar spent. There are endless options for rewards, i.e. cash back, airline miles, points that can be redeemed for statement credits. And rewards can get so complicated 3% cash back at gas stations, 1% on all purchases. All the different ways to max out your rewards makes me go cross eyed. Do some research and find a card that gives a solid reward on every dollar spent. I’ll tell you what I use at the end.

3. If it has an annual fee, don’t get it. Unless the perks really make it worth it for you. For example, Southwest Airlines offered a complimentary companion pass when you got their credit card and spent a certain amount in the first few months. I paid the annual fee of $70 or so, put all bills and living expenses on the card, easily hit the required spend, moved all my bills and expenses back to my other rewards card. Unlimited flights for wifey all year for $70.

4. Get a card with a big enrollment bonus. Like 50,000 rewards points. Usually, these rewards equate to 1% in cash value. So 50,000 bonus points is $500! Free money right there.

5. The amount of the credit line needs to cover all your monthly bills and expenses. If you spend $3,000 a month then you need at least that amount. Ideally, for the sake of not having your credit rating take a small dip every month as you get close to maxing out your card, you’d like your monthly spend to max out at 30% of the cards limit. So if you have $3,000 a month in expenses, your line should be $10,000. If you can’t get a line big enough to cover all your bills. Just get what you can and put what bills on it you can. But don’t let that deter you. Start small like I did, and as you grow, request line increases until you get there. I maxed out every month. No big deal. Your credit jumps right back. It’ll get you started.

6. This rule is the most important rule of the whole game: Pay off the statement balance in full every month! This is how you pay zero interest. Interest only is applied to your bill if you carry a balance from month to month. So by paying off the statement balance in full every month, you avoid any interest hitting your account. This leads to saying; never spend more than what you can pay off every month. This is extremely important. If you get a big line and think you can go crazy, spend, spend, spend, and not pay it off in full, then you’ve lost the game and will be in crazy debt in no time. Try to view this line as your cash, and you just replenish it every month.