Why You Should Have a 2% Cash-Back Credit Card

I think that every credit card rewards strategy could benefit from a 2 percent cash back card. Note that I didn’t say every credit card strategy, because according to the American Bankers Association, about half of active credit card accounts carry debt from month to month. If that describes you, prioritize your interest rate rather than rewards.

But if you are among the group that can pay in full and avoid interest, I think a 2 percent cash back card is a phenomenal choice, either as your primary card (if you want to keep it really simple) or as a foundation. And then you get other cards that lean into certain spending categories. Like if you spend a lot on groceries or gas or dining or travel, then you can get cards that give 3, 4, 5, even 6 percent cash back in certain categories but the floor is just 1 percent. So that’s where your 2 percent card comes in.

Some people really love travel cards, and I think that’s totally fine if it fits your lifestyle. But I would note that those are more complicated, they often charge higher annual fees and not everybody travels that much. But everybody could use a little more cash.

▬ CONNECT ▬
Website: https://www.bankrate.com/
Facebook: https://www.facebook.com/bankrate
Twitter: https://twitter.com/bankrate
Instagram: https://www.instagram.com/bankrate

Sign Up For Bankrate Dashboard (It’s Free):
https://www.bankrate.com/sign-up/

How Much Reporting Transparency Should Investors Expect From Property Fund Managers?

Disclosure and transparency are on the rise in commercial real estate investment. But the same factors also drive confidence in residential development.

Does a Land Investor Working With a Property Fund Manager Require an IFA?

Regardless of the type of investment you consider, your relative wealth or your age, it quite likely makes sense to get the objective advice of an IFA. Decisions on investing are among some of the most important and stressful processes a person can undertake. This is why most people are advised to enlist an independent financial advisor (IFA) to provide objective, third-party advice on how to manage a wealth-building plan.

What Are the Opportunities for Investors in UK Rental Housing?

For a variety of reasons more people rent their homes than 10 years ago in the UK. Developers and homebuilders are developing properties accordingly. When Communities Secretary Eric Pickles announced in June 2014 that the Government was designating 49 million pounds to support rental home construction…

Which Is the Best Day to Invest Your Money?

Here is my unique take on the best days to invest one’s money. And I see no reason whatsoever, why they can’t be your auspicious days too. Good Luck.

Where to Invest Money and Where Not To for 2015 and Beyond

With stocks and bonds both pricey the question of where to invest money for 2015 and beyond becomes a major issue. Here we look at where to invest money in stocks, bonds, and funds by focusing on pitfalls to avoid in 2015, 2016 and perhaps beyond. Stocks have recently hit all-time highs and this gets lots of investors excited.

You May Also Like

Leave a Reply