Mastering Credit Card Tips: Introduction

Mastering credit cards took on a whole new meaning when our finances took a turn for the worst in the not-so-great depression of 2008. We went from being middle class to becoming part of the former middle class. The Introduction to my first eBook, The Poor Middle Class Crisis, details what happened to us. As a result we had to find new ways to survive. We created a financial survival toolkit. One of the most essential money making tools became credit cards,the ones we had and new ones we have gotten since then.

mastering credit cards
My two published eBook on that cover our financial history over the last decade
Our Financial History Over The Last Decade

Over almost the last decade, we have had to develop credit cards mastery as our invaluable this financial survival tool. It turned into an active endeavour, even an art this year due to the need to visit family in Colorado. That’s when travel rewards credit cards really came into the picture. Before that, our focus had been primarily cash rewards credit card. Due to the need to find a way to afford our trip, we had to learn to master the travel rewards cards.

Earning Credit Card Benefits

The first step in mastering credit cards is learning about them. So that is exactly what I did. I did research locating the best sites and blogs about mastering credit cards. Then I practiced and learned how to do it myself. As part of the process, I created a ‘cheat sheet’ that I could easily refer to. It is called, ‘Tips for Mastering Credit Cards’.

Tips for Mastering Credit Cards

Even though I continue to gather more helpful tips, I think that the ones on this list give me and anyone who reads them a pretty good start. What I would like to do for the rest of this post is go over them and explain any that are not completely transparent already. The detials will cover several blog posts because there is so much information to share.

credit cards mastery tips
The List of Tips for Mastering Credit Cards

1. Pay credit card bills in full before the report date and by the due date

The companies that you have credit card and other ‘debt’ with report the amount of that debt. They usually report the current amount of debt to the credit report agencies on a monthly basis. To have them report $0 debt, pay in full before the reporting date. Your credit card companies are supposed to provide you with that date if you request it. Make sure you do and keep track of that date, the due date and the closing date.

2. Learn to build and maintain excellent credit

There are many resources for learning to build your credit. They are listed at the end of this post. Notice the colored sections in the image above. They indicated credit levels. Excellent credit is the bright green bar.

mastering credit cards
A visual of credit card history as reported monthly by my credit card company.
3. Get new credit cards with cash or points bonuses

Many credit card offers include a promotion of either cash or travel points. This is in addition to the regular cash back % and points that they acru. Be sure to compare offers. There are several variables. This includes the promotion, the amount that must be spent to get it, and the regular benefit. The best ‘investment’ I have ever made was a $200 bonus on a $500 required expense. That’s a 40% return. Where else can one get that kind of a deal. It also happens to be a very decent cash back credit card. What a way to use a credit card. This is why we want to learn to master them.

Mastering credit cards
The Best Offer I Have Ever Gotten on a New Credit Card

Note the cashback % on this card: 3% restaurants, 3% gas, 1% the rest. Later in this post I will discuss credit card pairing. Therefore if you buy groceries more than you eat out, you can use another card for groceries at 3% like the BoA Cash Rewards card. If you pair these two, you get 3% for both groceries and gas. Then you can really benefit by using the Quicksilver card as one examples which pays 1.5% across the board for other expenses. This will be elaborated on later in this post.

Please note that this post is in several sections and will continue with Mastering Credit Card Tips: Part Two.

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Mastering Credit Card for Survival and Profit


financial survival tools
My two published eBook on

My second eBook, MASTERING CREDIT CARDS for Survival & Profit is now available on Amazon along with my first, The Poor Middle Class Crisis.


I am The Credit Card Maven. I have learned ways to master the use of credit cards for survival and profit. This post is designed to share these techniques with my friends and followers.

I started using charge cards many years ago. I never abused them. The bills were always paid on time. But they were not credit cards. They were charge cards for department stores. At one point, I decided to eliminate most of them.

credit card maven

The Credit Score Scale from Shutter Stock®
Credit Cards Replace Charge Cards

My FICO score has always been in the excellent range. In spite of that, I had no idea how FICO scores worked. It was just one of those mysteries of life. I continued to carry a limited number of cards as well as having a credit score of over 800. When our financial situation changed in 2008, credit cards took on a totally new meaning for us.

Credit Cards Become Currency

Due to circumstances which I detail in my first eBook, The Poor Middle Class Crisis Introduction, our financial profile changed drastically. Our equity was gone as well as our income. We no longer had savings. Suddenly credit cards became a way to earn money and derive other benefits from them, as well.

The biggest incentive to use credit cards as currency was our need to take a trip to Colorado to visit our families. Because of that, I signed up for a total of four travel rewards cards. One of them was the airline travel rewards card. I signed up during a promotion. If I spent $1,000 in three months using this card, I would get 30,000 bonus points and $100. off the airfare. I have earned enough points for a free trip to Colorado and back, again. Hopefully it won’t take six years to see our families again.

credit card maven
The Gold Delta SkyMiles® Credit Card Offer from
Credit Card Mastery

As you can imagine, using so many cards can become very confusing. I am still perfecting my system. But I can tell you what I have learned so far. We are fortunate enough to have excellent credit. So we were easily able to secure all the cards we wanted. If you don’t have great credit, do everything you can to improve it. There is a link to an article from in the Sources and Resources section about paying down if not getting out of debt. Do read it.

Treasure An Excellent FICO Score

For the person with excellent credit, you want to keep it. Great credit is precious. Here are some golden rules on how to train yourself to use your credit cards wisely.
• Sign up for cards that best meet you needs and spending habits. There are websites that show you which to use.
• Always pay bills in full and on time.
• Make a chart of closing and payment due dates for all your cards.
• Keep an accounting of how much you spend each month so that you do not exceed your budget.
• Use no more than 30% of the credit limit you have on each card.
• It is better to charge larger amounts on a few cards than to charge small amounts on many cards.
• For cash rewards cards, write on the card itself the cash back % you get on each category of purchases.
• Do not close old credit card accounts. It is best to have as long a credit history as possible.
• Avoid fee based cards unless the benefits greatly outweigh the out-of-pocket expense.

Credit Card Myths and Tips
credit card maven
‘Treat Your Cards Like Your Best Friends’. Man Holding A Credit Card from

Myths about credit cards abound. So here are some tips to dispel them.
• A credit score will not necessarily be lowered by having numerous cards. But don’t sign up for too many too close together. That can appear to the credit card score companies like you are in crisis.
• Almost every credit card company has a ‘Check Your FICO score’ feature. You can use it without negatively impacting your score. This is a ‘soft’ check.
• A ‘hard’ check can negatively impact your score. That could be checking by a loan company, a future employer,etc.



There is so much more that can and will be said about credit cards, their use and mastery in future posts. Credit cards can be like a loaded gun. They can be dangerous, even deadly if you do not know how to use it. On the other hand, they can be a lifesaver when properly trained.

Sources and Resources

0% Interest Card Offerings Now, from NextAdvisor

Getting the Right Card for Your Balance Transfer
Credit Cards Dos and Don’ts

The Ten Best Cash Rewards Cards from

How To Pick The Best Credit Card for You from

Find The Best Credit Card Offers for You

5 Money Problems You Can Solve With A Good Attitude

There are so many invaluable posts on the site, I am linking to their archive

Using Credit Cards from The Alison D. Gilbert Blog

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