December 18, 2023
Question:
I want to apply for one of those credit cards that give you points for travel. Is that a good idea?
Answer:
It can be a good idea, but with one key caveat.
Are you able to pay your credit card balance in full every month without fail?
Most of the credit cards that offer points come with an annual fee. If you don’t pay your balance in full every month you are paying an annual fee plus very hefty interest charges from the credit card company. This negates any value you are receiving from the points. You also need a pretty good credit score to get approved.
Do your friends ask you financial questions?
Pass those questions on to us at AskRPG@rootedpg.com and we will feature them in our future newsletters.