Finance

Category Archives for Finance.

Is Citi Double Cash Now the Best Card for Plastiq Payments? (Mortgage/Rent, Auto, HOA)

citi double cash plastiq

Plastiq is an online service that allows you to pay nearly any bill using a credit card. And now for the “gotchas:”

  • There’s a 2.5% fee to send a bill payment
  • You can’t make loan payments (rent, car note, etc.) with a Visa or Amex card, but residential rent and HOA fees are OK
  • You CAN make loan payments with a Mastercard or Discover card
  • Capital One cards currently don’t work in their system right now
  • Most cards only earn 1 point or mile per $1 spent, which doesn’t make the fee worth it

That said, there are a lots of situations you’d want to use Plastiq despite the fee:

  • To complete minimum spending requirements in literally seconds and earn a sign-up bonus
  • When they run a promotion for free or discounted payments
  • When paying the fee gives you wiggle room for unexpected expenses
  • To reach a big spend bonus for a free hotel night/airline elite status credit, depending which card you have
  • If your card issuer is running a promotion for bonus miles/points/cash

And there are two cards with a 2X earning rate that work with Plastiq. The first is the Amex Blue Business Plus, which earns 2X Amex Membership Rewards points on all purchases, up to $50,000 spent per calendar year. That’s cool, but many peeps don’t qualify for small business cards, or don’t want to pay personal bills with a business card.

I value bank points at 2 cents each, so earning 2X points per $1 spent is a 4% return.

If you maximize your per-point value, it can easily offset Plastiq’s fee. Like when you get an international long-haul flight in a premium class. For that reason, I’ve been using my Amex Blue Business Plus on Plastiq a lot – but as noted above, I can’t pay my mortgage or car payment.

Enter the second option…

Citi Double Cash Plastiq payments

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Aspiration Checking Account: No Fees, Free ATMs Worldwide, & Caring for the Planet

aspiration checking account

I’ve had my Aspiration checking account since I first wrote about it waaaay back in 2015. When it launched, there was no app and funky web access. But they were committed to sustainable business practices, which I really liked. Since then, they’ve created an app and a beautiful website. And widely expanded their care for our wonderful planet.

Then and now, this is among the best checking accounts if you travel – and care about – the Earth. ✈️🌎

You can open an account with only $10. And there are no fees at all to have or use it – including for up to 5 ATM withdrawals per month anywhere in the world. If you pay any fees to withdraw your money, you’ll be reimbursed at the end of each cycle.

They also offer cell phone insurance up to $600 when you pay your phone bill with the debit card, up to 1% APY when you direct deposit $1,000+ per month into Aspiration savings, and you’re FDIC-insured on balances up to $2M. Plus, none of their profits are spent on oil drilling, pipelines, or fossil fuel projects. Instead, they donate 10% of all earnings to charities.

Aspiration Checking Account

“Do well. Do good.” is Aspiration’s tagline. If you want a fee-free checking account (including 5 ATM fees reimbursed per month) with a conscience, this is for you

If you’ve been looking for an account to use when you travel abroad, this one is perfect. Plus, you get $25 free in your account when you sign-up for an account.

Aspiration checking account basics

Find & Save Every Bank Account Bonus With This New Site

bank account bonus

Wanted to share a new site my friend Phil made. We met at FinCon last year in Orlando, and kept in touch since. He told me about an idea for a website to track all the checking and savings account bonuses out there and I was like… that would be amazing.

And now it’s here.

If you like to earn extra money by opening new bank accounts, you must check out this site. Introducing EveryBankBonus.

You can find bonuses based on:

  • Your state
  • If direct deposit is required or not
  • Minimum balance required
  • Monthly fees
  • Ability to open online

It’s pretty great.

bank account bonus

Easily find every bank offer available to you, and filter based on many factors

Here’s more about how it works!

Find every bank account bonus

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5 Reasons You Should Get Acorns for Micro-Investing (Even If You Have Other Accounts)

acorns app

I’ve had the Acorns app as a complement to my usual Fidelity investment accounts since 2017. I use it to generate a little funny money – and most of it is completely free.

The website and app interface are easy to use and nice to look at. Over the past couple of years, I’ve grown to like what Acorns has to offer, and recommend it as a way to get started with investing. Even if you typically invest elsewhere, Acorns is still worth a download.

acorns app

I wasn’t sure if I’d keep the Acorns app long-term, but at this point I’ll likely keep it forever

If you sign-up with my link, you’ll get a free $5 added to your account.

Here’s what I like about my experience with Acorns so far.

Everyone should give the Acorns app a download

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Today Only (5/28): Get $10 When You Download the Pei App & Link a Card

pei $10

Hope you had a good holiday weekend! Wanted to share this one day only promotion for the best cashback app out there right out – Pei.

Get a free $10 in your account when you:

  • Download the app
  • Link a credit or debit card
  • Enter promotion code “2pur1z” to get 1,000 points worth $10

That’s it!

Of all the cashback and card-linked apps, Pei is by far the most rewarding and easiest to use. The normal bonus for getting the app is 200 points ($2), so this is an easy win.

Plus, you can get $2 in points for every Uber and Lyft ride you take.

pei app $10

On May 28, 2019, you can get $10 for downloading the Pei app instead of the usual $2

I’ve been impressed with how easily the cashback rolls in for my normal spending. And whereas other cashback apps have gone downhill, Pei is holding strong. Get in on the good stuff while you can, especially with this today-only increased bonus!

Have a great week! 🙂

Have You Checked Your Small Business Credit Score Lately? Get It for Free Here.

Nav is a service that’s primarily set up to match small businesses to financing options, loans, and credit cards. And as an added resource, they let you pull your small business credit report for free.

If you’ve ever opened a small business credit card, you probably have a business credit score. Through Nav, you can see your business risk grade from Experian, Equifax, and Dun & Bradstreet.

Experian and Equifax give you a grade of A through F, while Dun & Bradstreet use their own scoring model with a rank between 0 and 100.

But small business credit reporting is still the Wild West, because they match business names and addresses – and these aren’t always unique, so they do a lot of “near matching.” It’s a good idea to check the information that’s out there, particularly if you have a generic business name.

Plus, it’s free to check with Nav, so why not?

nav credit report

I still rent my spare room on Airbnb, and use the income I make to apply for small business credit cards. My Experian credit grade is a B 

Here’s more about your business credit score.

Nav credit report – pull it for free

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The 12 Best Card-Linked and Cashback Apps (10 Get You Completely Free Rewards)

Lord knows I love playing around with new apps on my phone, especially in the interest of free, passive cashback just for linking my cards one time.

And other apps can save you money too, but require more interaction. I’m happy to click a few buttons to earn a few free bucks.

There are a LOT of card-linked and cashback apps out there.  Here are the 6 best card-linked apps, and 6 best cashback apps.

Between the 12, you stand to gain $95+ right out the gate!

 

best cashback apps

These apps get you ongoing rewards for linking your cards. Set and forget!

Between them all, I’ve gotten back $100s in free rewards in the form of cash and gift cards.

12 Best Apps for Free Rewards

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Freebird Promo Code for $10 Cashback: “OUTANDOUT”

Here’s the latest Freebird promo code you can stack for up to $30 cash back on Uber and Lyft rides booked through Freebird.

Here’s how to do it. After you download Freebird, enter this.

Freebird promo code: 

  • OUTANDOUT” – $10 cashback ($5 for each of your first 2 rides)

Freebird lets you book Uber and Lyft rides through their app – and you’ll earn points on each ride. Once you earn 5,000 points, you can cash it out for $10. So you can potentially do even better when you add points to the mix.

freebird promo code

I love using the Freebird app for Uber and Lyft rides

Plus, as I’ve found over the past few weeks, your Uber and Lyft credits should still work!

Freebird promo code powers up your Uber and Lyft apps

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Is Stash Stock-Back Better Than Earning Points? They Seem to Think So – Do You?

Micro-investing platform Stash introduced a debit card this week with an interesting proposition – earn .125% rewards on every purchase in the form of stock. If you spend at a publicly traded company, you’ll get a slice of their stock.

And if they’re a private company, your rewards go into a low-cost Vanguard ETF.

That’s great, but if you want to earn stocks, just get a Fidelity Visa (learn more here) for 2% back and buy whatever fund you want. Right?

Stash says they make it easier by delivering your rewards instantly and automatically. And sometimes bonuses go up to 5% back.

Today I got an email with the subject line: “Forget points. The Stash debit card has something better.” 😲 That got my attention.

Stash Stock-Back review

Me? Forget points? I think not, especially for such low earning rates

But it does raise an interesting question: travel rewards for Now You, or invest for Future You? And I dunno, but getting 5% back as stock might be worthwhile sometimes. But I wonder how much I could really earn from that…

Stash Stock-Back review – is it worth it?

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Investing Vs Pay Down Student Loans: Why I’m Gonna Aggressively Save for Retirement and Just Pay the Minimum

I’ve been taking stock of my complete financial life: mortgage, credit cards, savings, and other debt.

At one point, I became obsessed with getting rid of my student loans. They’re an ugly stain, a black cloud always marring my ideal financial vision. Last year, I made a $7,000 payment just to start chipping away at the principal. I see now it was an emotional, not logical, decision.

Since then, I don’t feel like made much progress. And deep down, I want to save more in my IRA account. I was paying so aggressively that I wasn’t saving as much.

After running the numbers, I’ve decided to say screw the student loans. I’m gonna pay the bare minimum and invest everything else.

Past Harlan went to school. Future Harlan is gonna save his pennies. (Third person tense activatedddd!)

invest student loans

I just wanna be carefree. For me, that means giving up the ghost of paying off my student loans – I’m gonna invest the rest

I’m tired of missing out on opportunities.

Why I’m forgetting about paying off my student loans

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Acorns Found Money: Automatic Cashback With 8 Merchants (BarkBox, Gas, Sam’s Club) & $60+ Free for Completing Offers

File this under semi-interesting. It’s niche, but worthwhile if you spend with any of the participating stores.

Acorns is offering free cashback (Found Money) for spending with a linked card at 8 merchants. Some are set amounts, others are a percentage back in your account.

And, you can earn $60+ for completing offers with their partners – things like free trials and insurance quotes.

I’ve earned $50+ for riding with Uber, filing taxes, and booking a pet sitter. So if these current offers don’t interest you, know they’re always rotating – and something’s bound to catch your interest sooner or later.

Acorns is an investment account that costs $1 per month. But considering how much free cash I’ve earned, it’s already paid for itself for several years.

You get a free $5 bonus when you signup using this link.

acorns found money

Don’t turn down free money! Just link your cards and spend like normal

Here’s how to get free cash coming your way.

Free Found Money with Acorns at 8 merchants (and it’s always changing)

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STOP Leaving Your Money in Checking Accounts! Make It Earn FREE Interest Instead!

When I pull cash out of an ATM, the receipt always says I have something like $100 in my account. Yeah, in my checking account.

The truth is I keep my checking account balance low on purpose. Because money in a checking account ain’t doing nothing but sittin’ like a bump on a pickle (#SouthernSayins).

I want my money to work for me. Every day, for years. Compound interest is a wonderful tool that can work for you – or against you. So make it work FOR you!

At the very least, keep your money in an interest-bearing savings account. Pay your bills from checking, then transfer the excess to a high-interest savings or investment account.

earn free interest

Compound interest is one of the most powerful forces in the universe

Whatever you do, stop using checking accounts to park your money!

Get an interest savings account and/or an investment account to earn free interest

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