this post was submitted on 10 Aug 2023
386 points (98.2% liked)
Asklemmy
44152 readers
810 users here now
A loosely moderated place to ask open-ended questions
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
You can "game the system" by picking credit cards that offer some kind of cash back incentive, and don't carry balances month to month. For example the chase freedom card does 1% on all purchases and 5% on specific categories that change every quarter. I've had this card for like 9 years, I've never paid any interest because I pay it off monthly , and we make lots of "free" cash back. The key here is don't go get a credit card and buy stuff you can't afford, that should be hammered into youth from the beginning, just buy what you can afford, and if you're disciplined enough you can put all of your purchases on the card and benefit from the card incentives for basically free.
I can’t agree with this more.
Transferring points earned to airlines can also net you some incredible deals on flights as well. I’ve booked several tens of thousands of dollars on business/first class travel over the years at a fraction of the cost. With the addition of free hotel upgrades and car rental upgrades, you can use credit cards to your advantage.
The caveat is that it takes some amount of expendable income to play.