Insider Tips for Finding the Right Credit Card | Guiding You Forward
Shopping for the right credit card takes more than just looking at the interest rate. Here are other things to consider.
Jade Beckman, vice president of consumer loans at Mountain America Credit Union, is back in the podcast lounge giving us his best tips for finding the right credit card.
Watch the video and learn:
How to maximize credit card rewards.
What to look for when shopping for a new credit card.
Options to pay off existing debt.
Jade’s one piece of advice for reducing stress around finances.
We all love something for nothing, right? Credit card rewards definitely fall into that category! During this time of rising costs and higher interest rates, rewards are more important than ever. But how do you make the most of the rewards you earn? Jade explains how matching your rewards to your lifestyle is a great way to start.
Jade also dishes on what to look for when shopping for a new credit card. One tip he offers is to make sure you understand the costs of the credit card you choose. Does it have an annual fee? Cash advance fees? Balance transfer fees? For instance, you may find a card with a low interest rate, but if it has an annual fee, the money you save on interest may be largely negated.
Obviously, it’s important to stay out of debt. But what if you’re already in debt? Jade has a few options you may not have thought about. Watch the video above to get tips for paying down your debt.
Lastly, Jade offers one piece of advice regarding how to reduce stress around finances and budgeting. “Finances have such an impact on your overall life and well-being,” he says. “Taking the time to make them a priority can help reduce that stress and improve your life.”
