Something a little different today.

music selection: “No Sugar Tonight / New Mother Nature” — The Guess Who

I use a credit card for all my spending needs.  For years, I used Discover to get 1% cash back.  When you pay the balance in full each month, you pay no interest and end up with a discount on everything you buy.  You also get a detailed spending report that helps keep spendy-pants behavior from going unnoticed.

For the last 18 months or so I have used Capital One and received 1.5% cash back.  This has been a good card and I currently have all my utilities auto billing to this card.  The full balance auto drafts from my checking account each month to ensure I miss no payments, pay no fees, and pay no interest.  This plan has worked out well.

Going forward, I will be using Citi Double Cash rewards.  This card pays one percent on purchase and another 1% on payment.  I feel like I just got a half a percent COLA raise.  Every little bit helps.

I also maintain no emergency funds in FIRE.  How can I do this?  Having cash back credit is the key.  When something unexpected comes up such as when the air conditioning failed last year, I put it on a cash back card.  I think take a margin loan from my broker to immediately pay the balance off.  My margin rate at Interactive Brokers is about 1.65% so going forward, I will come out ahead on net interest by paying back my short term loans to myself within a year.  My capital stays productive and life is good.

Devour your prey raptors!

Double Cash Back from Citi

Never miss another opportunity to devour prey!

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