The goal of the credit card points and miles hobby, is to maximize the rewards earned on every dollar spent. To do that you must first define your goals, otherwise we’ll never know what it means to have maximized your spend. Once you’ve done that, you have to sign up for the correct products. If you value simplicity over all else, then you may only be interested in that one card for all your spend. If you’re more flexible, maybe two, three, four, or more cards are okay. Whatever the case, its important to understand the role stacking can play in helping you achieve your goals.
Banks value your loyalty, the same way airlines & hotels do. They’d prefer that you spend every dollar you’re going to spend, on one of their products. Further, they’d prefer that you bank with them for both personal and business matters. Lets call a spade a spade, they want you to do this because it makes them the most money possible. If Chase can ensure you won’t bank with Citi, they’ve won. One of the ways they incentive you to do this is by offering “stacks” or “combinations” of products. These stacks work together to ensure you earn more than you would’ve otherwise.
On todays show we’re going to talk about the who/what/when/where/how/why of credit card stacking. We’ll then go over some of the best credit card stacks you can make use of.
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