What's in YOUR wallet for 2021? Over $175K limit! Save money with credit cards? Churning strategy?
9What's in YOUR wallet for 2021? Over $175K limit! Save money with credit cards? Churning strategy?
I have 16 credit cards with a credit limit of $160K and I am adding another one with a limit of $15K for a total limit of $175K. What is this madness and why would I do such a thing? Am I a total hypocrite?
Let me tell you what is in my wallet and why I am adding another card in 2021. Credit card rewards can be very powerful and save you a lot of money in the long run if you are disciplined and keep them paid in full. Large sign-up bonuses can help you travel or put cash back into your pocket.
There's a lot of ground to cover on this topic and this video will not comprehend everything. Comment below with any questions or any other credit card topics you would like to hear about from me.
Use Plastiq to pay bills with a credit card and earn points! I only really use this if I need to get to a sign-up bonus threshold or if there is a really high cashback amount as the Plastiq is 2.85% so it doesn't make sense unless the return is higher than that. Use the link below to sign up and get fee-free dollars with Plastiq - amounts that they will not apply a fee to. Please read their terms carefully.
Plastiq - 1,000 Fee Free Dollars with payments totaling $2,500 within 30 days www.plastiq.com/invite/1225988
Great article on churning from Nerdwallet: https://www.nerdwallet.com/article/credit-cards/credit-card-churning
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Webull sign up offer FREE STOCKS https://act.webull.com/vi/BLmS3xOF2J8t/usp/inviteUs/
Personal Capital $20 AMAZON GIFT CARD https://pcap.rocks/f96074
SoFi $300 offer for student loan refinance https://www.sofi.com/share/2468044
Rakuten $40 offer to join https://www.rakuten.com/r/LOCKHE8?eeid=28187
Ibotta sign up offer https://ibotta.onelink.me/iUfE/8cc13c64?friend_code=dxcxedr
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About Frank Chou:
Passionate senior finance leader with over 10 years of experience implementing finance best practices for multi-billion dollar companies serving both domestic and international marketplaces in the manufacturing, logistics, distribution, and fulfillment sectors. Founder and catalyst of world-class finance teams in both rapidly scaling and established enterprises. Proven as a trusted business adviser, building successful partnerships across functions and delivering bottom-line growth through implementing best practices, eliminating waste, and optimizing cost.
*Some products and/or links that appear on this video and channel are from companies from which Frank Chou may earn a referral bonus and/or an affiliate commission. This video is accurate as of its posting date.
**Due to time constraints a couple of cards were edited out of the video so if you try and count up the cards you won't get to 16, sorry!
DISCLAIMER: Frank Chou is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com.
DISCLAIMER: I’m not a financial advisor/planner. The videos on this channel are for educational/entertainment purposes only. Investments in securities are not guaranteed to increase in value, consult your own advisor/planner when making personal investment decisions.
What's in your wallet? - Samuel L Jackson
What's in your wallet? - Jennifer Garner
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