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Urgency Is Everywhere
From time to time I go on a rant about credit cards and deals. I talk about how debt is evil and how the latest deal isn’t always the best deal.
As Americans we are bombarded by marketing messages all of the time. I stand firmly on the ground that marketing is inevitable and thus the consumer must be educated.
The average person who reads this site is well educated and makes a fair amount of money. My average reader also has great to excellent credit and prides themselves on how they handle their finances.
Why is it then that credit card companies offer such lucrative bonuses? Some will say it is the swipe fees they collect, however we all know that interest is the real reason.
If you are reading this site then you are either a miles/points veteran or a person newer to the arena who is trying to find out more information. Both are great!
Those who have been around awhile recognize marketing messages for what they are. Just as McDonald’s tells me that “I’m Lovin It”, Chase tells me how great the Ink card is. It is all the same.
Just like McDonald’s commercials convey the feeling of happiness when our bellies are full with a hamburger, bank marketing messages show us all of the wonderful places we can travel with “points”.
But we must always come back to the realization that people are paying the interest. If they weren’t then the banks wouldn’t offer such high bonuses to attract us. They wouldn’t be so agressive in their marketing.
The average rewards credit card carries a much higher interest rate than a standard card. Is it worth using a card with a higher interest rate if you carry debt? No, and that is the secret.
These days we are bombarded with even more and more marketing. I even write about exciting deals and sometimes forget to mention the downsides. Even though I am not being compensated, I still feel some responsibility to inform.
The great deal of the moment is for the Chase Ink card, however there will be a new one when that passes. Some of the deals will work for you and some will not. It is ok.
In the end I earn and burn over a million miles/points a year and do it all without ever taking on any debt. It takes discipline and often is a lot of work. While writing this blog is my job, some of the miles/points stuff falls firmly in the hobby category.
If you think that you will travel everywhere for free with a minimal amount of work or effort, then you are wrong. After all, if it was that easy then everyone would be doing it.
On the other hand, if you realize that your discipline, knowledge and good credit can open doors to amazing experiences that you would otherwise never have, then you are in the right place!
While my rant is over, I just want to remind everyone to study this hobby. Take the time to read and learn. Ask questions when you are not sure. Slow and steady doesn’t make you a loser.
Sometimes it can feel like you need EVERYTHING NOW, but in reality you don’t. Now don’t forget to go to Staples for the gift card deal, send your last Amazon Payment before it ends tonight, oh and my giveaway ends in a few hours. SO MUCH URGENCY! 😉
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.