Updated 8:11 am PDT, Tuesday, October 15, 2019 This Aug. 11, 2019, photo shows a credit card in New Orleans. Credit cards can be useful and convenient payment tools. But beyond just getting points or miles and perks, they also have strategic or unexpected uses you may not have thought of. less This Aug. 11, 2019, photo shows a credit card in New Orleans. Credit cards can be useful and convenient payment tools. But beyond just getting points or miles and perks, they also have strategic or unexpected ... more Photo: Jenny Kane, AP Photo: Jenny Kane, AP Image 1 of / 1 Caption Close Image 1 of 1 This Aug. 11, 2019, photo shows a credit card in New Orleans. Credit cards can be useful and convenient payment tools. But beyond just getting points or miles and perks, they also have … [Read more...] about Millennial Money: Surprising tricks for your credit cards
Making credit cards work for you
Amrita Jayakumar Of Nerdwallet Published 9:54 PM EDT Sep 15, 2019 ‘Renting is just throwing money away.” “Renting is like paying someone else instead of paying yourself.” You may have heard these opinions from family and friends, but it’s not that simple. In some areas (looking at you, San Francisco), renting is far more economical than buying a home. But renting can be used to fatten your credit profile as a steppingstone to your financial goals. Millennials want to buy but face barriers Millennials are delaying homeownership and staying in rentals longer than previous generations, multiple studies show. Student debt – that bane of millennial existence – is one factor pushing back the age of homeownership. Rising rents and home prices coupled with slow wage growth also make it hard to save for a down payment. The vast majority of Americans – 9 out of 10 – still equate homeownership with personal success and economic security, … [Read more...] about Millennial Money: Make renting work for your financial goals
Sam Kemmis, NerdWallet Published 11:01 am CDT, Monday, June 24, 2019 This article was first published on NerdWallet.com. Dealing with points and miles can be overwhelming. Asking a simple question like “How should I use my Delta miles?” can send you down a Google rabbit hole of points-maximization madness. Many would-be reward travelers simply give up in the face of this complexity. Unfortunately, much of the information online emphasizes squeezing every fraction of a cent’s worth of value from your points. That might be a helpful strategy for dedicated travel nerds, but it’s TMI for the average traveler. Most of the value from a given reward program can be reaped by simply understanding the basics. That’s the 80/20 rule in action. What is the 80/20 rule? The 80/20 rule, or Pareto principle, states that 80% of the effects in a given situation come from 20% of the causes. Originally developed by an Italian economist to … [Read more...] about Baffled by Points and Miles? Let the 80/20 Rule Guide You
June Casagrande, NerdWallet Published 3:30 pm CDT, Friday, May 10, 2019 This article was first published on NerdWallet.com. You saw an irresistible credit card offer — tens of thousands of bonus points or miles easily worth a plane ticket or short hotel stay. You seized the opportunity, earned the sign-up points and enjoyed them to their fullest. Now, you’re left holding a credit card that likely will never pay off that big again. No more five-figure points bonuses, just a syrup-slow process of earning miles as you shop, accumulating one or two points for every dollar you spend at a pace that probably won’t get you another free trip for years. Worse, you’re paying an annual fee just to hold the card. If you don’t earn those points or miles fast enough, your costs could outpace your rewards. Many who jump at a credit card sign-up bonus end up here, and the credit card issuers count on it. After all, they’re in business to make money, … [Read more...] about 8 Ways to Keep Your Travel Credit Card Working for You
With the first installment in our “How we travel now” series, on flying, we included tips on making Delta’s dominance at MSP work for you. Among the pointers: Book the cheapest flight no matter the airline — but get a Delta-branded American Express card for the perk of checking free bags and the free flight that miles could eventually earn. A reader wrote hoping I could help him and his wife settle a disagreement. She is convinced getting cash back from their Visa card is better than using their Delta-branded American Express. He prefers the Amex. He also wondered if they should upgrade from the Gold card to the Platinum card. I’ll attack the easiest question first. The Gold card, at $95 annually (after the first year, which is free), should do the trick and will pay for itself if you travel frequently enough and check bags. Delta charges $30 one-way for a checked bag on flights within the U.S. That’s pretty simple math. The Platinum card ($195 … [Read more...] about Which is better for fliers at MSP: a cash-back or Delta-branded credit card?