Financial advisors are in a good position to learn about credit card hacks that yield rewards such as cash back, airline points, hotel stays or other benefits, and even earn cryptocurrency.
These are the pros who spend most days thinking about how to squeeze the most profit out of each investment—and charge cards with annual fees are certainly an investment. We asked eight financial advisors to tell us what’s in their wallets and how they get the most out of a particular charge card. Each advisor offers this caveat: Credit card life hacks are only effective if you pay off the balance in full each month; Paying interest on the revolving fee cancels out even the most impressive prizes.
Here are eight credit card life hacks straight out of the mouth of the working consultants.