After I wrote about how my credit card saved me $600 on a flight, a bunch of people asked what credit card I use. Normally, I don’t write about too many specific companies, but this is a card I’ve used and I trust.
I use a Citibank Premier Pass Elite card.
There’s a no-fee card and a fee card. I ran the calculations and decided to get a fee card, which is about $75/year. I chose this one because a friend recommended it, I earn 1 point for every dollar I spend and every mile I fly, plus I get free companion fares for domestic flights over $379. The reason I saved $600 was that I redeemed 25,000 miles for a domestic flight.
What’s best credit card to get?
In my experience, the cash-back cards (“get 1% back on all your purchases, plus 3% at gas stations!”) are a joke. My friends report getting back pitiful amounts at the end of the year. I’m sure some people are happy with theirs, but my friends almost uniformly hate them.
There are much better options out there — I wrote up the reasons behind my pick for the best credit card here.
Whichever you choose, be sure to run a break-even analysis to see if the extra rewards you get with a fee card are worth it (for most young people, it should be a no-fee card).
Do this next: try the Credit Card Payment Calculator
If you have credit card debt — even if you aren’t sure exactly how much you have — we can help.
Try our new Credit Card Payment Calculator to visualize exactly how much you owe — and more importantly — how 1 or 2 Big Wins can radically accelerate your debt payoff… plus the exact steps you can take right now.
Here’s to the first step in a Rich Life.
Bonus: Get my best credit card tips
You can now get a full chapter from my New York Times bestselling book, I Will Teach You To Be Rich, on optimizing your credit cards for free.
It’ll help you tap into credit card perks, max out your rewards, and beat the credit card companies at their own game.
I want you to have the tools and word-for-word scripts to fight back against the huge credit card companies. To download it free now, enter your name and email below.