A look at how and why I decided to open a Chase Sapphire Preferred card as my very first credit card and how I met the 100K bonus for future travel.
All tagged credit cards
The Underwear Loan And Other Stupid Stuff We Put on Credit
“Credit buying is much like being drunk. The buzz happens immediately, and it gives you a lift. The hangover comes the day after.”
I recently came across a post on Facebook about how a woman took out what essentially amounted to be a very expensive loan for underwear. I’ve included the text below and you can find it here too. It’s a public post so hope it’s OK for me to repost. Credit to her for admitting to it. Upon reading it, it got me thinking about my own spending habits and the “loans” I’ve taken out by putting certain items on credit so here goes.
You Can Travel Hack and Still Have an Excellent Credit Score
It's better to see something once, than to hear about a thousand times.
One of the biggest eye openers for me in the past few years has been the idea of travel hacking. I had my first credit card when I was a senior in college. It had a $500 credit limit. A few months later, I was already maxing out that limit. I had no concept of credit (despite majoring in Econ), let alone how to use it wisely. Fast forward a few more years, I got into more credit card debt. Thankfully, I was able to put a stop into my credit card debt and started getting wise about its use.