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Credit Card Recommendations

1,028 bytes added, 16:24, 10 November 2018
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*Below is my list of Cashback Credit Card recommendations. I'll update it periodically as new cards come out and the terms on existing cards change. *'''NOTE: This list is intended for those who will pay off their balance EVERY MONTH. ''' If you carry a balance and get hit with an interest payment you will negate a lot of cashback. If you do it repeatedly you will lose more than you gain.*I treat my credit cards like debit cards and I use my checking account to determine how much "spending power" I have. If I don't have cash in the bank, I don't buy things with my credit cards (except for emergencies). In order to avoid interest payments you can adopt one of two strategies:*#Pay off your full statement balance every month. You can even setup AutoPay to ensure you never miss a payment.*# (This is what I do.) You can set yourself a calendar reminder to pay off all of your credit cards every 1-2 weeks (or some other interval that is less than the typical monthly period). This ensures that you don't carry a balance. It also helps keep your checking account "accurate". When you're funneling charges through credit cards, but looking at your checking account to know how much "spending power" you have you can get tricked by the balance on the credit cards not being reflected in balance of your checking account. By paying them off more frequently you keep your checking account more up to date.
=Beginner: Citi Double Cash Card=

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