Credit cards can play a role beyond earning points. In this example, Nicole explains how keeping your salary in an offset account for longer, while putting monthly expenses on a point earning credit card and paying it off in full, could reduce the interest charged on your mortgage. Using a $300,000 mortgage as an example, she shows how the savings can add up significantly over time, while you continue earning points on eligible spend. The exact benefit will depend on your loan, interest rate, spending and repayment habits, and this strategy only works if the credit card is managed carefully and paid in full. To see the full discussion, watch or listen to the latest episode of the Point Hacks Podcast. Link in bio.
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