I prefer to use a credit card instead of a debit card because it puts a firewall between other people and my bank account. I also prefer a card over cash because I’m a bit of germ freak and money is fondled by junkies, hobos and booger eatin’ morons.
I use a credit card to automatically pay every purchase and bill possible. The only bills I cannot pay with a card is my mortgage, property tax and gas bill. Then I pay off the card in full with money I otherwise would have used to make purchases in the first place.
Just getting started in the credit card world? I suggest that you get a card that never has an annual fee and also gives you some rewards for every dollar you charge on the card. Email me if you have any questions.
My favorite credit cards give me HUGE sign-up bonuses worth literally hundreds of dollars in tax-free rebate cash, rewards points or airline miles. I have a bromance with Chase Ultimate Rewards points because of their versatility. Those points can be turned into cash, airline miles, hotel stays and more. The nicest sign-up bonuses come from Chase Sapphire Preferred (personal), and the Chase Ink Bold & Ink Plus (business) cards.
0% Balance Transfer: If you are carrying a balance on your credit card, you want to transfer that to a card that will charge you 0% for a while. I suggest you dump that onto Chase Slate (No transfer fee – That’s HUGE). Citi Simplicity is also good.
Airline Miles: I haven’t paid for a flight in years thanks to BIG sign-up bonuses from airline branded cards from carriers such as American, Delta, Frontier, United, US Airways and Southwest Airlines. I used airline miles when I had to fly on short notice to funerals. Otherwise, I would have had to pay over $1,000 for each ticket – and that was the “bereavement fare” (read my post)!
Hotel & Travel: I’m a big fan of American Express’ Starwood Preferred cards. Their “Nights & Flights” packages are ridiculously great. If you are planning a trip to Disneyworld, read my post. Hilton & Marriott also have NICE bonuses.
Many of these cards have both personal and business versions for more bonuses. A lot of these cards waive the annual fee for a year while you try out the card to see if you like it. If you decide not to keep the card, you can still redeem your points/miles before closing the card.
Cash Back: I like credit cards that have absolutely no annual fee AND pay cash back for every purchase. Trust me, it adds up! I’ve made thousands over the years with these cards – all tax-free. I have Chase Freedom®, Citi® Dividend Platinum Select® Visa® Card, Discover it®, and Blue Cash Everyday® Card from American Express. For your business, try Chase Ink Cash® Business Card.