Podcast # 12 – Credit Card Choices

Show notes for episode #12

In this episode, the Mechanic, the Accountant, and the Economist discuss credit cards. We’ll sample a few new beers as usual too. If you found this podcast you’re probably familiar with the FI/RE movement that has grown in popularity recently. Here at the FI Garage, we’re all on the path to FI, however, we consider the RE part optional.

*These show notes include affiliate links – donated by an asterisk. (Because we are bad at monetization all of our affiliate links for credit cards are through rate supermarket; if you sign up for a card through our link they split the affiliate fee with us 50/50) – Thanks for helping to support the podcast!

Beer #1 – Glutenberg IPA – Brewed & Bottled in Montreal, QC by Glutenberg Brewing (1:10)
Interesting Product – PayTM (5:50)
  • Click here for the Money Mechanic’s referral code for PayTM* use code PTM6078994.
  • Cashback on your property taxes (6:33)
  • Cashback on electricity (7:03)
  • Payment through mobile (7:40)
  • Paytm gives you points, but they are only worth $0.001 per point (8:40)
  • Pay your Paytm bill with your MasterCard and get MasterCard points (9:50)
  • Rogers Elite MasterCard (11:44)
  • Paytm Canada says that payments usually show up as “Miscellaneous” or “Other”. However, they recommend you to confirm this with your bank/financial institution (or wait for your first bill to find out!).

Credit Cards (15:51)

Beer #2 – Circle Route Hazy Pale Ale – Brewed & Bottled in Nanaimo BC by White Sails Brewing (40:10)
Stupid Money Move (1:03:19)
  • Spending just for the sake of getting points or a bonus. If you don’t need it don’t buy it. Period.
Reading List


  1. Timely for me to listen as I just got my $65 annual renewal fee from Amex, a card we only use rarely as a backup for our main card, MC with Airmiles. I’m going to look into no-fee cards now. Thanks for the info! (P.S. Also, shoutout to The Economist from a 2 economist family!)

    1. I recommend calling Amex to see if they will waive the fee (although in my personal experience Amex are prone to not waiving fees). I’m going to have a look at your site to see what other economists are writing about!

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