E90 – How To Manage Credit Cards

Connect with Our Guest

Subscribe to Chain of Wealth

Join 40,515 Monthly Listeners

Subscribe to Chain of Wealth

Join 40,515 Monthly Listeners

Pro Tip: Timestamps below are clickable. Click on the time below in the brackets and the audio will start playing at that part of the show.

[2:19] The importance of your credit score

  • Everyone wants to know if you have a good credit score
  • Credit runs everything when you’re an adult Everyone seems interested in what your number is
  • There are ways to fix your credit

[3:30] Why you need a credit card yesterday

  • Crucial for everything and gives you the ability to manage your money better
  • You need to pay off your credit card in full each month
  • It’s very easy to spend “invisible money”
  • You want to have as many credit cards for as long as possible
  • Don’t close your credit cards even if you’re not using them!
  • You want to have lots of accounts open for as long as possible

[5:24] How to manage your credit card

Pay off your balance in full every month- avoid interest!

Everything else will have interest Tons of credit card companies draw you in with good incentives Always keep your accounts open You can use your credit card to finance things, just make such you have a big available balance

[7:17] Credit card gaming/ travel hacking

  • You can travel for free if you spend and get points on the right points programs

[9:18] What happens when you’re late

  • Always make sure you pay on time! ALWAYS!
  • At least make the minimum payment so you’re in a good place with your creditors
  • A great way to make sure you pay it is autopay!

Enjoying Our Podcast?

We have over 150 episodes to listen to! Join over 2,167 daily listeners that pursue financial freedom.

By entering your email, you agree to our Terms of Service and Privacy Policy.

Other Podcasts

E137 – Credit Scores

What is a credit score? Join Denis and Katie as they learn talk about what credit scores are and how they affect your credit status.

Listen »

E59 – Krystel from All She Saves

Krystel from All She Saves is a young professional living in Minnesota who is doing huge things! Like paying back $77,000 in student loans. She documents her journey to paying off her debt, living life and working full time.

Welcome!

Listen »

E48 – David Auten & John Schneider from Debt Free Guys

Today we have David Auten and John Schneider with us. David and John run the popular personal finance blog, Debt Free Guys. They have written for Yahoo Finance, Huffington Post, Business Insider, MSN Money, Time and many more. They have also been featured in media such as Market Report, NASDAQ, Christian Science Monitor and others. When David and John met, despite having a combined 13 years of financial services they had a combined $51,000 of credit card debt.

Listen »
About the Podcast
Chain of Wealth

Chain of Wealth

The Chain of Wealth podcast is a biweekly podcast boasting over 500,000 downloads. We interview inspirational guests about money topics. You can learn more about us here.

Share On
Share on facebook
Share on twitter
Share on linkedin

Leave a Reply

Your email address will not be published. Required fields are marked *