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
For example, over the past year and a half, there's a whole new group of cards that are offering four, even five points per dollar on restaurants.
If you haven't compared cards in a while, you're definitely missing out.
It is.
And I'm glad you brought up interest rates because we all get so enamored with rewards and free trips and cash back.
But the fact is that 60 percent of cardholders are carrying debt from month to month.
So for those six and 10 cardholders, they really need to prioritize their interest rate.
And it's a good time to shop around for a balance transfer card because while the Fed has been raising rates, that's pushing the credit card interest rate to an all-time high, 17.64% on average.
So now is the time to knock out that debt.
Get a balance transfer card.
There's still attractive offers.
You can get up to 21 months with no interest.
And also, do some other things.
Take on a side hustle.
Sell some things around the house.
Cut your expenses.
Any dollar you can put towards your credit card debt is a guaranteed risk-free return of 18, maybe even 20-plus percent, depending on your card.
I was surprised by that.
And I think issuers would be pleasantly surprised because they're getting tired of this arms race that's been going on for the past few years.
In many cases, it's not profitable for them because they give this great signup bonus and then many cardholders are dumping the card soon thereafter.
So the issuers want long-term value.
Showing 61–80 of 196 · page 4 of 10
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