This post is sponsored by American Express
So, we did it. My wife and I furthered our journey into adulthood by getting a new credit card. BUT, before all of the Dave Ramsey-ites get up in a tizzy, we did it for a couple reasons.
We were looking for another credit card to open. Why? We have been doing great with our credit score in pretty much all areas but one… the total number of accounts (i.e. total number of credit cards/loan accounts). We’ve been hesitant with credit cards in the past and have stuck to one or two. The end goal is to build up our credit score so that banks like us when it comes time to buy a house.
The Amex EveryDay Credit Card just rolled out a new welcome offer that’s too good to pass up. The $0 balance transfer fee* on transfers made within the first 60 days of account opening and the 0% intro APR** on purchases and Balance Transfers for 15 months (then the rate varies 14.49-25.49%) are great, and after we spend $1,000 in purchases on the Card in the first 3 months, we can earn 10,000 Membership Rewards points that we can put towards something for our new house. And let’s not forget to mention — NO annual Fee**!
Basically, this is a win across the board. If you are working to pay down a balance, this might be a saving grace for you to catch up and not worry about extra interest costs or balance transfer fees. If you don’t have a current balance, it’s still a great way to continue to build credit and take advantage of an awesome rewards program.
Stayed tuned over the next couple months as I will be giving you more tips about this card as I continue to use it!
Learn more about this card here.
**NOTE: Although I work professionally as a financial analyst in the corporate world, I am not a professional financial advisor. If you are struggling with debt or financial management, please consult with a personal finance professional for any individual needs specific to your situation.