Should I Have A Credit Card Strategy?

Whether you have one credit card or twenty-one (yes that amount is okay) credit cards, I can guarantee you that you are missing out on rewards if you don’t have a Credit Card Strategy. Regardless of whether or not you have FOMO, you should be asking yourself what your immediate AND long-term financial needs are. For example, if you need to pay off some past debt, then you need a card with 0% APR such as the Amex EveryDay Credit Card. However, your goal should not only be to meet your immediate need but also planning ahead for your future needs such as flights or hotel nights or even extra cash. The great advantage of collecting some points or miles before you need them is so that you can use them rather than paying out of pocket with cash. This takes time and preparation and this is what a Credit Card Strategy will help you with. Putting a strategy in place and preparing for the future is all part of being able to Do Good.


Whether you have FOMO (fear of missing out) like me or not…

…YOU NEED A STRATEGY.  It is always wise to have a plan and there is no difference when it comes to applying for credit cards.

If you want to be wise then here are 3 quick steps toward establishing a Credit Card Strategy

Step 1: Ask Yourself 5 Questions

An easy first step to starting your strategy is by answering these 5 simple questions:

1.) What is my immediate need?

2.) What will I need this year?

3.) Do I have a big expense coming up?

4.) Am I eligible for Chase cards now? If not, when?

5.) Is there any reason I shouldn’t get a/another credit card?

Knowing your immediate needs will help you identify your coming needs which will enable you to plan your purchases in order to meet the spend requirement for your next credit card.

Step 2: Create Your Portfolio

What is a credit card portfolio? It is a simple tool to help:

  • Know your credit history
  • Prepare for coming annual fees
  • Maximize referral offers
  • Plan for the future
  • Notice that if you are married or working with your friend, you can both get the same cards not only to pool your points together but also to take advantage of referral bonuses.
  • “Chase 5/24 Eligibility” means that you can only open a chase card if you have opened less than 5 new accounts within the past 24 months (business cards do not count).
  • “AMEX 5P” means that you can only hold 5 opened AMEX personal cards at any given time (5 personal cards and 5 charge cards).
  • The dark blue boxes show the cards you are preparing for

Step 3: Get A Coach

The number one way to reach any goal is to do it WITH someone who will keep you accountable! This is the mission of Points On Purpose – to personally coach you through your unique situation. This is what makes us different. Rather than prescribing general advice across the board to everyone, we want to connect with you personally so we can encourage you, give you tailored information, keep you safe through accountability, and ultimately help you Travel Free!

Now it is up to you to reach out –



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The Chase Sapphire Preferred Card is at its highest-ever sign up bonus of 60,000 points. This is not a limited time offer but it might be the best offer out there right now. On top of the $750 towards travel you will receive trip insurance, rental car insurance, purchase protection, and a lot more. If you are able to get this card I would act fast.

Published by

Points On Purpose

Credit cards can be scary for everyone, especially if you are like I once was, struggling with your credit history and confused with how it works. Two years ago my friend, Aaron Jackson, helped me transform my credit eligibility. When I started I had 13 collections, low 500’s credit score, and ZERO credit history. After several ignorant credit card application denials, I set out to learn how to repair and build my credit so I could start raking in big credit card bonuses. My credit score is now 791, I have 10 credit cards in my name, zero collections, and am saving thousands of dollars simply by using credit cards to rapidly gain points, miles, and cash. You can see why I am passionate about this and why I want you to experience the same help that was given to me. I understand it can be embarrassing to talk about your credit record, but we've all been there and that is why we are HERE! - Dusty

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