Credit Card Guide

Credit cards can be dangerous gateways to debt, but if you use them wisely you can actually make money with them. I use credit cards to increase my household income by thousands of dollars each year. There are a few different ways that this can be done.

New customer sign-up bonuses
People tend to keep their credit cards for a long time, so credit card companies have to offer big incentives to get you to try them out. If you have good to excellent credit, you can earn $500 a pop with these sign-up bonuses. I’ve added it up and I’ve racked up literally several thousand dollars and free business-class trips to Europe over the years.

0% APR Interest Offers
Save money by reducing your interest payments on existing balances. Transfer your balances to a card with a 0% introductory rate for up to 18 months (some with no balance transfer fees) and pay it off that much faster. Alternatively, take advantage of 0% APR on purchases and don’t add to your high-interest debt.

Cash back rewards
These cards offer the best cash back and/or travel rewards for your ongoing purchases. Some are simple, while others require a bit more work but offer higher rewards. There is something for everyone, you should at least get 2% back on all your purchases and and up to 5% back of many of them.