Month: June 2015

|

Sunday Reader Question: When should I keep a credit card past the first year?

There are many excellent credit cards out there for churning. However, sometimes it makes sense to keep a credit card past the first year and pay an annual fee. Rarely does this apply for cards simply because of their rewards program, but because of their warranty and insurance programs.

Sunday Reader Question: What credit card should I be using for everyday purchases?

As a credit card churner, I spend a lot of timing thinking about which credit cards to get for their sign-up bonuses. However, I don’t put too much thought into which credit card to use for day-to-day purchases. I spend maybe $10,000-$15,000 dollars a year, and don’t manufacture spend too often anymore. Therefore, it has always seemed a little trivial which credit card to use for everyday purchases. For foreign purchases, I use the Chase Amazon Visa (no foreign exchange fees), and I usually use the AMEX SPG credit card for day-to-day purchases, or the MBNA Alaska credit card for places that don’t take AMEX. I’ve rethought how I should manage my credit portfolio…