Maximizing credit card welcome bonuses are the key to travelling the world for almost free. But what’s the best way to measure our credit card rewards, and to objectively prioritize one signup offer over another?
A few months back, Josh had written a post on the “theory” behind how to think about your credit card rewards entitled “How to Measure Your Miles & Points Earnings”, and that’s what we’ll talk about in this video.
I’ll go over the three predominant ways to measure the strength of a credit card welcome bonus: Net Gain, Return on Spend, and Return on Fees.
Which metric you prefer will depend on whether you’re constrained by your spending capacity in earning rewards, whether you’re mindful of your out-of-pocket spend, or whether you simply want to rack up as many points for as much travel as possible.
I’ll also introduce you to our new Compare Credit Cards tool, which you can use to track down the exact offer that best fits your goals for your next credit card application!
Without further ado, you can watch the video below:
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