CREDIT CARDS
Dave Ramsey Was Wrong…
Happy Tuesday — Steve here. Today, I want to talk a bit about credit cards.
Growing up, I always avoided them, sticking to debit cards or cash after hearing countless horror stories about debt. In college, I discovered Dave Ramsey whose anti-credit card views were drilled into my brain.
Well it turns out, Dave was wrong. (Kind of)…
Credit cards can actually be some of the most powerful tools in your financial toolkit, when used responsibly. If you’re disciplined and pay your balance in full every month, then you can win the game.
Here are 3 underrated benefits of credit cards:
3 Benefits of Credit Cards
Cashback & Points
If you’re already spending money on things like gas and groceries, you might as well earn 1% - 5% or more in cashback or points. These rewards can help cover your credit card bill, pay for travel, gift cards, and more.
Extra Perks
While perks vary by card, many include benefits like no foreign transaction fees when traveling, rental car coverage, and even access to airport lounges.
Strategic Leverage
This one requires discipline, but it’s powerful. Credit cards can give you flexibility on big purchases. For example, I recently bought a $2,000 mattress with a credit card. This gave me almost a month before the money left my account. It’s all about managing cash flow on your terms.
What are your thoughts? Hit reply and let me know!
RESOURCES
Creative Fuel
🎵 Music: Want to discover some of the most iconic albums of all time? Click here for daily emails from 1001 Albums You Must Hear Before you Die. It’s pretty cool.
🎞️ Video: Alex Hormozi is one of the best content creators around. His recent conversation with Chris Williamson is worth the listen.
💸 Budgeting: My favorite budget app, Quicken Simplifi has a limited time offer. Click here for 50% off. (Includes a 30-day money-back guarantee).
YOUTUBE
In Case You Missed It
I made a revamped version of my highest viewed video — covering a much needed review of SoFi Checking and Savings:
Keep Saving,
Steve | Feasible Creative
“Act your wage.” - Dave Ramsey
Disclaimer: The content provided in this newsletter is for informational and educational purposes only. It is not intended to be a substitute for professional financial advice. Please consult with a financial advisor before making any financial decisions. This newsletter may contain affiliate links, which means I may earn a commission if you make a purchase through these links, at no extra cost to you.