I recently spent the time going through my roster of credit cards to see which ones I should be using for various purchases. I believe I’ve come up with a pretty universal strategy, so I figured I’d share it since I’ve already done the research.
To preface, if you are ever paying late fees or interest on credit cards, you are better off without them. Points and cashback are fantastic, but they aren’t worth paying fees for. But if you are discplined about paying your credit cards off in full every month, you can take advantage of cashback programs and earn a significant amount of money.
Here are the cards I use currently:
This card has no annual fee and gives you 4% cash back on all restaurants. If you go to Chipotle every day and spend $10.23 each time, that’s $150 in cash back every year.