John wrote a great post this week on ways to maximize your credit card reward points. He made some great points on how to get those awesome rewards which can result in free travel and free places to stay. Don't get me wrong, I love earning my credit card rewards, but I also know that not everyone is like John and I. Since this is a site about growing your wealth, I wanted to talk about the subject of earning credit card rewards, but doing it in a way which doesn't slow your wealth creation.
If you’re looking to go to Hawaii, then the Hawaiian Airlines credit card could be a great way for you to get there for relatively cheap. Both Grayson and I love to travel and part of maximizing your finances is using credit cards wisely so you can earn rewards. What we like about the Hawaiian Airlines Mastercard is that it can get you one free ticket to the islands. That’s not bad in my book.
I like to consider my battle with debt as a little war. I waged on for four years fighting back the enemy of credit card debt and learning so much along the way. I know I gave so much to the credit card companies in the form of interest payments. They laughed all the way to the bank uh...front door? Luckily for me, I lost a few battles, but ended up winning the war. I have been credit card debt free since 2012. I have enjoyed not having to make monthly payments to the credit card company, which mostly consisted of interest. Though my battle put a sour taste in my mouth, it didn't throw me off from using credit cards again. In fact, I picked up a new credit card a few months later to start using the methods I learned during battle.
I know, I know. Half of you want to pelt something at me after reading the headline. The majority of the rest of you question my sanity, especially after climbing out of credit card debt years ago. A few of you know where I’m going with this and are already smiling. If you did not get a chance to read Grayson’s post from a few weeks back on Why Credit Cards are not Evil, then go ahead and check it out. I forgive you. ;-) That post spawned a few interesting comments, as I expected it would, as well as an email exchange between Grayson and a reader.
I am going to put it out there and say credit cards are NOT evil! That is right, I don't see why there are so many people that think these little plastic cards are so bad. Before you start shouting at your computer screen, hear me out. If you don't know me, then here is some background on how experience with credit cards. I used to be in over $50,000 worth of credit card debt. With that amount of debt, I have a little knowledge on how they work. This credit card debt also gives me a little credibility when I talk about cards not being evil. I have been there and done that. I paid off my credit card debt through hard work and determination. Mix in a lot of side hustling and you got a man who has been credit card debt free for almost two years. During the four years it took to pay off my cards, I gained a little insight into the world of credit and what I was doing wrong. It was quite eye opening.