When it comes to cashback reward credit cards, the gold standard is 2% cashback on all purchases. You might be able to get 2.3% cashback on travel cards when you sign up for new cards, but that is pretty close to 2%. But what if you could get 2% cashback on everything, 10% cashback on rotating categories, and even up to 42% cashback on certain purchases? Well, I did, and I’ll show you how.
Welcome to the third installment of What I’m Reading! This is where I cover the blog posts that I’ve found particularly interesting, informative, or just plain awesome. I do my best to read as many blogs as I can throughout the week, so this really covers a lot of breadth. As a general announcement, I am switching to a new posting schedule! I will post new content on Monday and Thursday, with a What I’m Reading over the weekend (preferably Saturday). However, I probably won’t be following this schedule because I’m going on vacation next week. Without further ado, happy reading!
When it comes to credit scores, people really like to micromanage. It’s actually like a game: how high can it go! With the advent of Discover and CreditKarma, you can check your credit scores in real time. People read their daily/weekly/monthly reports, and then freak out when it drops 5 points. They might also get very excited if it goes up a few points. The general wisdom is to not really pay attention to your credit score. Pay your credit card bills in full every month, and you’ll have a good score. Unfortunately, not knowing my credit score really hurt me. It meant I didn’t qualify for a prime auto loan rate, and now have to pay an extra $1,000 for my car.