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Finance Tip of the Day

5 Play Rules for Using Credit to Your Advantage: RULE #4

  • 2017 29 Nov
5 Play Rules for Using Credit to Your Advantage: RULE #4


Don’t Pay Fees – Unless It Makes Sense To

There are many cards that require a yearly one-time fee and there are those that don’t. Before you dismiss a credit card solely based on the yearly fee, I would encourage you to look also at the rewards it offers. If the card gives you very high return on your purchases (especially your most common ones) calculate the returns minus the fee versus much lower reward points on a no-fee card.

Today's tip brought to you by Mvelopes and Money4Life Coaching.

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