Credit Card Guide

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Credit cards can be dangerous gateways to debt, but if you use them wisely you can actually make money with them. I use credit cards to increase my household income by thousands of dollars each year. There are a few different ways that this can be done.

New customer sign-up bonuses
People tend to keep their credit cards for a long time, so credit card companies have to offer big incentives to get you to try them out. If you have good to excellent credit, you can earn $500 a pop with these sign-up bonuses. I’ve added it up and I’ve racked up literally several thousand dollars and free business-class trips to Europe over the years.

0% APR Interest Offers
Save money by reducing your interest payments on existing balances. Transfer your balances to a card with a 0% introductory rate for up to 18 months (some with no balance transfer fees) and pay it off that much faster. Alternatively, take advantage of 0% APR on purchases and don’t add to your high-interest debt.

Cash back rewards
If you do pay off your balances every month, then you can ignore interest rates and focus on getting points, miles, or cash back on your purchases.

  • If you like simple cash back: Citi Double Cash Card Review – Simple and flat double cash back, no tiers, no annual fee.
  • If you like cash back towards travel and have $100k in a bank/brokerage account: BankAmericard Travel Rewards Card Review – Up to 2.6% cash back towards travel through Preferred Rewards Program ($100k+ in assets at Bank of America).
  • If you like airline miles and premium travel perks: Chase Sapphire Reserve Card Review – 50,000 Ultimate Rewards points bonus (worth $750 towards travel), and $450 annual fee is offset by the $300 annual travel credit, Priority Pass free lounge access.

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