How To Use Your Credit Card (If You Want To Stay Ahead Of 99% Of People)
00:00:00.000 | It's not impossible to convert all of your spend
00:00:03.080 | to welcome bonuses, but for me,
00:00:05.620 | I'm probably gonna end up with a hybrid approach
00:00:08.100 | where I maximize my return on the spend from cards
00:00:11.940 | in line with what I've done in my card tool
00:00:14.740 | without focusing on welcome bonuses.
00:00:17.140 | But three to four times a year,
00:00:18.900 | when we see an amazing welcome bonus, we'll jump on it,
00:00:21.820 | especially if it's one that might have a lower rate of return
00:00:25.180 | than 15 to 25 points per dollar,
00:00:27.860 | but that has a high amount of spending
00:00:29.980 | and even bigger bonus.
00:00:31.540 | So yes, you might get the best bonus
00:00:33.560 | for 25,000 points on $2,000,
00:00:37.440 | but I'm much more interested in a 250,000 points
00:00:40.700 | on $20,000 bonus because I get a similar return,
00:00:44.820 | but only having to open up one card to spend a lot more
00:00:48.880 | and get a much bigger bonus.
00:00:50.060 | So I'm gonna be focusing on the absolute point return
00:00:53.620 | instead of necessarily ROI for each welcome bonus.