Transcript:
Hello I am back after busy January month now it’s February! Here I want to discuss about why I love credit card?
Most “heavy shoppers” love credit cards. I used to be a “heavy shopper”, groceries, clothes, dog food, it didn’t matter, if you could buy it, I wanted to buy it. If I could use a credit card a credit card to pay for it, even better… Then came Ember. My whole life changed. Shopping took on a whole new meaning. I was now responsible for someone else and I could care less about shopping for all the crap I did before. I shopped for diapers, formula and baby food, for baby clothes, medicine and juice, then one day it hit me… this baby is just going to poop in these diapers, and I’m going to need to buy even more to be pooped and peed in. Why not try to get the best deal on something that’s not going to increase my net worth and that in essence will be thrown away as quickly as I can buy it.
This is where my love affair with credit cards came from. It wasn’t during the days of my overspending; it was from my days of deal shopping (today).
With any love affair there are the good days and the bad days, but the following make my good days far better than the bad days!
1. Choose a card that offers rewards you will use. If you are scared to fly and only will do so once every 10 years to go to a funeral, your miles will expire before any friends or relatives will {thankfully}.
2. Pay attention to the interest rate. On the off chance that something comes up and you must carry a balance choose a card that had a lower interest rate. Start with your local credit union.
3. Pick a good card. Stay away from double billing cycles or other credit card tricks.
4. Be aware of any extras your credit card offers. Some offer extended warranties for all products bought on the card, others offer rental car insurance, shop around for the benefits that you will use the most.
5. Do you drive a lot for work? Consider a gas card that gives you cash back on your gas/fuel purchases.
I often say that credit cards can be one of the best tools for your financial success and I’m saying it again today… when used responsibly, you might fall in love with credit cards too!
