Credit Card Rewards 101: How to Earn Free Travel and More

pretty good match, I am going to look into the travel and airline cards. good to know that Chase is a great card, love their rewards, thanks so much--you have a beautiful family

Unfortunate. He should have gone through the 'true' percentage cash back equivalent of the top few cards which are worth it. Additionally, he should summarize the few credit cards which are worth it because of the sign-on bonus. I know a lot about credit cards and I just signed up out of curiosity. One major component of credit cards is that you can translate their cash back into percentages and then compare easily. In this way, you'll find that many credit cards simply aren't worth it. For example, if you have Bank of America and over $100k in your bank account, you can just get the Travel Rewards card... You'll earn an equivalent of 2.625% on each purchase. And you could supplement this with the Bank of America Cash Rewards card, which will give you 5.25% cashback on Restaurants or Gas (up to $2.5k in spending per quarter). Additionally, You'll get 3.5% on Groceries (up to $2.5k in spending per quarter counting the spending from the 5.25% category as well) and 1.75% on all other purchases. Similarly, if you don't have that kind of cash, and you only want one card, you can get the Citi 2% cash back card. You can also get the Discover Double card or the Chase Freedom - both cards have 3 categories each quarter where you'll earn 5%. This is a good approach if you're willing to have more than one card. Also, the Uber credit card is worth it if you want to earn 3% cashback on Travel and 3% on dining. Additionally, currently you can also earn 5% on spending in Uber Eats. Similarly, for paid credit cards, the Chase Sapphire Reserve is worth it for some people depending on spending. The perks of the above cards make the majority of other cards worthless 'unless' you are simply after the sign on bonus. The sign up bonus is not something I chase but others do. For people with little credit history, getting credit cards and cancelling can impact your credit score a fair amount. Also, the instructor said that credit card spending can move your score only 3 points which is incorrect. My utilization went for 10% or so to almost 0% recently and it caused a 10-20 point increase in my score. The impact of these factors can vary from person to person.

the teachers seems like he knows his stuff i will have to apply what i learned outside of america but basically it is the same

I always enjoy listening to Nick Loper. Actively listen to his podcast, THE SIDE HUSTLE SHOW. He is engaging in a normal, everyday guy kind of way. The next door neighbor you can turn to for a little community help kind of thing. I'm one of those people who view credit card companies as a necessary evil, and for simplicity try to keep as few as possible, with NO balance. But the ideas here are uniquely intriguing. Gives plenty to mull over.

I tried finding descent videos elsewhere on the subject but didn't find any. This guy goes through the subject step by step without any jargon. Thank you.

Nick provides an excellent walkthrough of different credit card reward options. What stands out is he doesn't overwhelm with too much "to do." Instead, he profiles two different goals for credit card rewards (getting cash back or traveling) and how to effectively use credit credits to achieve them.

Short, sweet, very informative - learnt alot. Always good to know to take advantage of what credit card companies offer.