By no means are we advocating racking up debt on a shiny new card. Rather, we suggest you buy only what you can afford, and pay for it all with one card that actually gives you something back (cash, airline miles, whatever). As long as you promptly settle up the entire owed balance on every due date, you’re effectively getting something for nothing!
Plus, you receive a nice monthly inventory of all your expenditures, which is great for honing your budget. If your statements come electronically, you might even be able to dump them right into any financial management software you use.
One word of warning, though: Make sure the card you choose doesn’t carry hefty fees. You might consider paying a low annual fee if you’ll be receiving outsized benefits overall. But you should also know that there are rewards cards out there that don’t have annual fees at all.
According to a recent Consumer Reports survey, American Express’ “Blue Cash” card was one of the overall best cash-back rewards cards. So you might consider using that as a benchmark when you do your research. Learn about four more great personal finance tips that you can use when you start investing in dividends.
To your dividend investing success,
InvestingInDividends.com
Most Commented Posts
Related posts:
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment