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Instead of looking for credit cards because it will show you exactly which credit card that you need.

For instance, if you know you spend the most in the restaurants, then you should get a credit card rewards significantly for spending at restaurants.

If you don’t spend at restaurants and you normally just cook at home, then you should get a credit card that will provide you the highest bonus rewards when grocery shopping.

The key is to match your spinning with the credit card reward so you maximize the rewards that you get back #creditcardpoints #financialdiscipline #creatorsearchinsights

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8 months ago | [YT] | 0

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Congress members from both sides of the political spectrum are introducing bills to cap credit card interest rates, reflecting a growing bipartisan concern

Rep. Ocasio-Cortez and Rep. Luna proposed a 10% APR cap, following similar legislation by Sens. Sanders and Hawley.

This push is driven by rising credit card interest rates, with the average APR reaching 21.5% last year, up from 14.7% in 2020.

These bills are currently seen more as political statements, but they indicate a potential future for credit card rate limits.

Democrats may be using these bills to challenge past campaign promises regarding credit card caps.

A large portion of credit card users carry balances month to month, highlighting the need for rate controls.

Credit card companies' margins have increased significantly with rising interest rates, leading some to believe they can operate with lower caps.

Limiting rates, however, could reduce credit access for those with poor credit scores, potentially driving them to riskier debt.

The effectiveness of a rate cap hinges on finding a balance that helps most consumers while minimizing harm to others.

Interest rate caps, also known as usury laws, exist in numerous countries and U.S. states.

The Military Lending Act, which caps rates at 36% for active-duty members, offers a real-world example of rate limitations.

A study showed that the 36% cap had a minimal impact on troops' finances, but it did slightly affect subprime borrowers' access to credit.

A 10% cap, as proposed, would have a more significant impact, potentially restricting credit access for a much larger number of consumers.

Bipartisan support for extending the Military Lending Act's 36% cap to all Americans existed in 2019, suggesting potential future legislative action.
#financialdiscipline #bestcreditcard #CreditCardPoints #personalfinance #moneytips #creatorsearchinsights

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9 months ago | [YT] | 0

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If I hear one more ‘Forex’ pitch 🚩🚩🚩

I almost fell victim to an multi level marketing (MLM) pyramid scheme. This video shares my experience and the lessons I learned, so you can avoid making the same mistake. Learn how to recognize the signs and protect your financial future. #MLMStory #PyramidSchemeSurvivor #FinancialLessons #PersonalExperience #dontgetscammed

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10 months ago | [YT] | 0