Shannah Shares: Are Rewards Credit Cards Worth It

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 19 June 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode was inspired by a question from Bri: "Thank you for being the FIRST person to support me through my financial journey as an adult. I’m currently healing from many different emotions surrounding money. My question for you is about credit cards with perks. I got a few cards totaling 4,000 that I’m paying down but I didn’t realize I was doing a disservice to myself by not utilizing cards with perks (travel, rewards). Should I be moving toward paying off and closing 2/3 of those cards or pay off/down and try to add those smarter cards to my life? Thanks again for all you do, you’ve changed my life for the better. I’m not as afraid of money as I once was." Links Mentioned Creditcards.com Credit Karma NerdWallet Credit Sesame Should I Close My Credit Card article Episode Sponsors Thanks to Chime for sponsoring the show. Get started with Chime today. Applying for a free account takes less than 2 minutes. Get started at chime.com/mymoney. Taking care of your employees is more important than ever. With Gusto, everything you need to hire, pay, manage, and support your hardworking team is in one modern solution: Gusto’s people platform. Get 3 months free when you sign up at gusto.com/mymoney. Thanks to My First Million for sponsoring the show. If you're the type of person who's like me and always thinking about new business ideas and startup ideas, start listening today to the My First Million podcast on any podcast player. Thanks to Open Door Capital for sponsoring the show. Go to https://odcfund.com/ to learn more. Thanks to Shopify for sponsoring the show. Shopify is more than a store. Connect with your customers. Drive sales. Manage your day-to-day. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Thanks to Ladder for sponsoring the show. Go to http://www.Ladderlife.com/mymoney to see if you’re instantly approved for Life Insurance to provide for your family if the unthinkable happens. FOLLOW & SHARE Leave us an honest rating and review. Head to the podcast player you’re listening to this episode in to leave us a review. Reviews help us continue to grow and bring on more amazing guests. Thank you in advance! Love this episode? Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode! Have a Shannah Shares question? Submit your question here https://bit.ly/shannahshares Follow Me on Instagram for more money tips and behind-the-scenes information https://www.instagram.com/everyonestalkinmoney/ See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:22.8	entrepreneurs like you. Sign up for your $1 a month trial at Shopify.com slash setup.
0:30.0	The John Lewis sale is here. Save up to 50% on selected products. Whether you're getting
0:34.9	the garden barbecue ready or choosing holiday outfits,
0:37.9	find something you'll love at a price you'll love too. Visit us in store online and on the app
0:42.7	to find amazing offers in home, tech, fashion, beauty and kids today. Payment plans available.
0:47.9	Stay lens 20th of July while stocks last. Are rewards credit cards worth it on this episode of Shauna Share's Community Q&A?
1:14.5	Welcome to everyone's talking money podcast.
1:16.8	I'm your host, Shauna Game.
1:22.7	There's no judgment, no dumb questions, just smart conversations about you and your money.
1:25.3	So come on in and grab a seat.
1:26.9	Everyone is welcome here.
1:40.7	Hey, welcome back to another episode of Shauna Share's Community Q&A. So good to have you with us.
1:46.7	Today I'm answering a question from Bree. And Bree says, thank you for being the first person to support me through my financial journey as an adult. I'm currently healing from many
1:51.8	different emotions surrounding money. Bree, you and me both, and probably everybody listening.
1:57.6	My question for you is about credit cards with perks. I got a few cards totaling $4,000 that I'm paying
2:03.5	down, but I didn't realize I was doing a disservice to myself by not utilizing cards with
2:08.9	points, travels, reward, etc. Should I be moving towards paying off and closing two-thirds of those
2:15.6	cards, or pay off, pay down, and try to add the
2:19.0	smarter cards to my life. Thank you again for all you do. You've changed my life for the better.
2:24.4	I'm not as afraid of money as I once was. Burie, first off, thank you for sharing this question
2:31.8	and for admitting that your journey with money, your relationship with money
	...

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