Credit Card Strategy and Journey Quiz

What was the narrator's primary goal when they first started using credit cards?

• To earn cashback on all purchases

• To build their credit score

• To avoid using cash

• To travel the world

What was the narrator's first credit card?

• Chase Sapphire Preferred

• Wells Fargo Student Card

• AmEx Gold Card

• Chase Freedom Card

Why did the narrator initially avoid using credit cards?

• They didn't have a bank account

• They preferred using cash for all transactions

• They were concerned about high interest rates and debt

• They didn't understand how credit cards worked

What is the Chase Trifecta strategy primarily focused on?

• Building a high credit limit

• Earning travel rewards points

• Maximizing cashback on groceries

• Avoiding annual fees

Which card did the narrator acquire to improve their grocery spending rewards?

• Chase Sapphire Preferred

• Wells Fargo Active Cash

• AmEx Gold Card

• Chase Freedom Unlimited

Why did the narrator decide to take a break from acquiring new credit cards during the pandemic?

• They wanted to focus on paying off debt

• They were satisfied with their current cards

• They were traveling less

• They lost their job

What is the Chase 524 rule?

• A guideline that restricts opening more than 5 credit cards in 24 months

• A rule that limits cashback to 5% on 24 categories

• A strategy to earn 5x points on 24 transactions

• A policy that offers 5% cashback on 24 purchases

Which card did the narrator use to complete their AmEx Trifecta?

• Chase Freedom Flex

• AmEx Platinum Card

• Wells Fargo Active Cash

• AmEx Blue Business Plus

What benefit does the Marriott Bonvoy Boundless card offer annually?

• Cashback on all purchases

• A free night certificate

• Free flights

• No annual fee

How does the narrator manage their credit cards to avoid overspending?

• By using cash for most purchases

• By setting spending limits on each card

• By sticking to a budget and paying off balances in full

• By using only one card for all expenses