Ted Rossman
speaker
196 appearances
4 recordings
1 series
first heard Dec 2018
last heard Apr 2020
Ted Rossman’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Credit Card Companies Are Lowering Your Spending Limit · 27 Apr 2020
podcast
Right now, while I still don't love credit card debt, obviously, I think you have to make hard tradeoffs.
And I think that if you don't have a lot of savings, when you get that unemployment benefit or when you get that stimulus check, I think it's more important to save it and spend it on necessities than it is to pay down your credit card debt.
So even if it means carrying debt for a while, ideally, you can do it with some of these tips in mind that maybe you can get into the hardship program and pay less interest or skip a payment or maybe even just ask them that, hey, I saw you had this 0% promotion for new cardholders.
Can you match it?
I've been a good customer for a while.
These are all ways to lessen the blow.
But I think if you have to carry debt in your broader financial context, I think it's okay, provided that you're able to save some cash.
You're absolutely right.
Your lifestyle changes and your credit card should, too.
Unfortunately, what we found in our new survey was that about one third of cardholders have switched in the past three years.
That's it.
Everybody else has held on to their cards for a long time.
We found that 30 percent have never switched their favorite card.
That's shocking, isn't it?
It really is.
And there's another 16 million who switched, but it was a decade or more ago.
So lots and lots of people are missing out.
The golden age of credit card rewards is right now.
We've never seen sign-up bonuses as generous as we've seen in the past few years.
Ongoing spending rewards are really hot.
Showing 41–60 of 196 · page 3 of 10
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