Choose your rewards carefully

Today's strategy is very simple.

Just about everyone uses a credit card. Most cards offer rewards, just make sure to pick the card that offers rewards that suit you the best.

It makes no sense if you have a credit card that gives you free airline miles but you never travel.

So, I searched up Google "best credit card rewards" and found the following link. It compares 10 different cards.

http://www.creditcards.com/reward.php?a_aid=1004&a_cid=1015&a_did=8598&adused=12765414180&gclid=CJX40eyEjbsCFSdp7AodKXAA1A

So, my favorite card is the Bank of America Bank of Americard.

I've had this card since 2012. The best features have to be the fact that you get a discount of EVERYTHING that you buy with the card.

You get a 3% discount on gas, 2% on groceries, and 1% on everything else. I know, you hear it in the commercials all the time.

Keep in mind, don't use the card irresponsibly. Don't be tempted to buy anything that you would not buy otherwise. Also, make sure to pay off that balance every month. The best way to use a credit card is to pretend like you don't have one.


Now, if you use the Bank of Americard for every purchase, and you spend $10,000 in a year. You have saved at least $100 that year.

Say that out of that $10,000, $2,000 was spent on gas. That is an extra $40 on top of that first $100.

Another added feature to the card is a deposit bonus. If you deposit the bonus money into your checking or savings, you get a 10% bonus.

$150 times 1.10 equals $154.

$154 savings over the course of one year. That might not sound like a lot, but keep in mind that you had to do nothing to save that money. The money that you spent was money you would have spent anyway. You might as well get rewarded for something you will do anyway.