Do you believe these 9 “truths” about credit cards? If so, it’s time to ask yourself WHY as I show you a whole new way to think about the credit card game. Buckle up…it’s going to be quite a ride! Click “Show More” to see Ad Disclosure.
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00:00 – Intro
00:35 – Controversial Topic 1
2:01 – Controversial Topic 2
5:23 – Controversial Topic 3
9:35 – Controversial Topic 4
13:01 – Controversial Topic 5
15:19 – Controversial Topic 6
18:31 – Controversial Topic 7
20:36 – Controversial Topic 8
21:41 – Controversial Topic 9
When it comes to credit cards, people come to believe a lot of false ideas. For example, point value (i.e., “cents per point”) does not have to matter. It’s ok to redeem credit card points to go on an incredible trip that will make an awesome memory, even if the redemption isn’t “maximized.” Even worse, if you’re hoarding points year after year with no plan in mind, those points are constantly losing value. So that trip costing 150,000 points today might cost 200,000 points (or more) in the not-too-distant future. In other words, as you continue to delay your redemption, you’ll always be chasing after a trip that costs more and more.
If you’re intro travel credit cards (like the Amex Platinum Card and Amex Gold Card that earn Amex Membership Rewards points … or the Chase Sapphire Preferred and Chase Sapphire Reserve that earn Chase Ultimate Rewards points), make sure you understand the 9 beliefs / myths / lies covered in this video so you can win in a bigger way going forward. The credit card rewards game can be extremely rewarding once you learn how to play it to your advantage.
Disclosure: The thoughts, opinions, and information presented are those of the creator. This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com, YourBestCreditCards.com, and others. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
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