102: Understanding Credit Score and Comparing the Best Credit Cards

Ted Rossman is an Industry Analyst at CreditCards.com and writes the "Wealth and Wants" column. He has seven years of experience in the credit card and personal finance industries as a member of the award-winning communications department at CreditCards.com and its sister sites, The Points Guy and Bankrate. During the episode, Ted gives away the tricks and tips in choosing the perfect credit card that will suit your lifestyle. Since credit cards are used by most of the people, understanding its use is of great benefit. He explains how credit score works and what its associations are. He also helps us understand the credit points, reward redemptions, and credit bonuses for different people with different needs. This is surely an episode we all can relate to!   Links: CreditCards.com   Where we are: Sam - Tampa, Florida Johnny FD - La, California Ted - New York City   Time Stamps: 05:13 – How he got involved in the Credit Card Industry 07:33 – The impact of applying more credit cards to your credit score 10:50 – Tricks in improving credit scores 103:36 – Negative information and its impact on credit score 15:42 – Monitoring credit report 19:34 – Best credit score 21:02 – Major considerations in choosing a credit card 22:23 – Reward redemption and credit points 31:18 – Point redemption and bonuses 39:33 – Cards for travelers 41:23 – Matching your cards to your lifestyle 47:30 – The Best card with no annual fee 52:45 – Improvements and trends in the credit card industry 56:11 - Juggling multiple credit cards 57:13  - Priority Pass hacks 01:01:00 - Riding Bird Electric Scooters in LA 01:02:54 - Flying from credit card points and flyer miles 01:04:44 - What credit cards are in Johnny FD's and Sam wallet? 01:08:28 - Going down 100 points on Sam's credit score   If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2017. All rights reserved. Read our disclaimer here.