So I have to admit, the Economist didn’t ask me about this before he decided we were all going to write posts about what cards we are using. This is one area where I am far less than optimized. I’m sure I could be getting a lot more from my cards but it isn’t something I have put any time into.
With that being said here is the only credit card in my wallet:
It provides me with 1% cash back on groceries, gas and any recurring payments set up on your card. I get 0.5% cash back on everything else. While this doesn’t match up to many of the introductory offers other cards provide it is the every day deal and never expires. The best thing about this card is the fact that there is no annual fee so it doesn’t cost me anything.
Now I admit I can likely do much better if I spend some time looking into cards, the main reason I have been hesitant of this in the past is that most cards have an annual fee and you have to remember to cancel them before you get charged. I am terrible at remembering these kind of things and don’t want to forget and lose all of the benefits by having to pay fees.
Maybe after I am FI I will have more time to worry about my credit card rewards and will spend more time trying to travel hack but for now I am happy getting my 1% an knowing that I will never be subject to credit card fees, assuming I pay my balance every month.