Disclaimer: only click if you are interested in paying vendor/ payee that does not accept credit cards for the following reasons
You are anxious about the current income cannot cover all of the bills and leaves you at a position with minimal cash flow
You are taking advantage of the credit card welcome offers to maintain a minimum spending level, and the transaction fee is acceptable when compared to rewards
I just started to use Chexy to pay for my rent to max out credit card offer,below is the referral code to get 20$ off for the first payment!
The current transaction fee is 1.75%, slightly lower than other 3rd party for enabling paying for bills with credit cards either as PAD or direct deposit. 💵
https://chexy.app.link/REF-KWPUR5
Newbie into investment and credit cards, any tips are appreciated!💳 I have 6 credit cards and every month I pay out my credit card in full with a low interest line of credit exactly 2 days before the statement balance date, for a 3k balance if I pay in full within the next 2 weeks interest occurred will be around 2 dollars or less.
A big portion of my income goes into the stock (long term hold) with some set aside as emergency funds and making sure I have the cash flow to pay off the loan right away.
The credit cards I have now are
RBC ion+ and visa infinite for 3X points earning and elite offers
TD visa infinite on a welcome offer of 1450$ worth of aeroplane points with a minimum monthly spending of 1k, and 12k in a year, first year fee waived
Amex Green ( mostly for first access to concert tickets, and building on credit, I forgot about the welcome offer)
Simplii cash back I took advantage of the 10% cash back for 3 months and then now I barely use it. Should I cancel this card?
PC master card most basic card without any offer, just there for Costco and Shoppers Drug Mart etc.
Any advice on how I can make this whole process more cost efficient? 🙏🏼🙏🏼🙏🏼🙏🏼