The ULTIMATE Credit Card Strategy 2024 (Start Here | Beginner’s Guide)

00:00 – Intro
00:29 – Step #1
1:51 – Step #2
3:09 – Step #3
4:00 – Flight Example with Transfer Partners
12:30 – Step #4
15:35 – Step #5

STEP 1: Take Inventory of What You Have
Go over all of the credit cards you have. Add up the annual fees, examine the rewards structures, and think about all the benefits. Do the overall benefit packages make sense for you for another year? If not, it’s time to make some changes (e.g. cancel a credit card, downgrade / product change to a different credit card, or apply for a new credit card).

STEP 2: Identify What You’re Lacking
Identify any rewards categories that you don’t have covered with your existing credit cards. Do the same for any benefits you wish you had but don’t currently.

STEP 3: Identify Your Goal(s)
Do you want to earn cash back or travel rewards? If travel, then where do you want to go? How do you want to get there? When do you want to take the trip? Once you’ve figured out the details, it’s time to start earning points and miles with the right credit cards you need to make the trip happen. Some of the best rewards currencies are:
– Chase Ultimate Rewards points
– Amex Membership Rewards points
– Citi ThankYou points
– Capital One Venture miles
– Bilt Rewards points
– Wells Fargo points (if they launch a transferrable point program in 2024)

Some of the best travel credit cards that earn transferrable and flexible rewards points include:
– Chase Sapphire Reserve
– Chase Sapphire Preferred
– Chase Freedom Unlimited*
– Chase Freedom Flex*
– Amex Platinum Card
– Amex Gold Card
– Citi Premier Card
– Citi Custom Cash Card*
– Citi Double Cash Card*
– Capital One Venture X
– Capital One Venture Rewards
– Capital One VentureOne
– Capital One SavorOne*
– Bilt Mastercard

*Note: For all of the credit cards with an asterisk (*) above, you’ll need to combine them with select premium credit cards (i.e. ones with an annual fee earning the same type of rewards) in order to use all the transfer partners. For the Capital One SavorOne, although it earns cash back, you can convert that cash back into Venture miles if you also have a Venture-branded credit card.

STEP 4: Find the Biggest Value Opportunities Right Now
Find the credit cards with the biggest sign-up bonuses available at the moment. This is typically the best way to earn points and miles FAST for that future trip.

STEP 5: Learn the Bank Application Rules and Apply!
– See links above

Disclosure: The thoughts, opinions, and information presented are those of the creator. This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com, YourBestCreditCards.com, and others. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.

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