the card guide by wallaby financial
DESCRIPTION
Learn everything you need to know about credit cards. What is an APR? How do you maximize rewards? What is "FICO" anyway? The Card Guide will get you on your way to a smart wallet that earns you money!TRANSCRIPT
PRESENTED BY WALLABY
CARD GUIDETHETHE
WHY CREDIT CARDS ARE SMART FINANCIAL TOOLS
๏ Credit cards earn you valuable rewards every 3me you swipe
๏ Credit cards provide you with added security and insurance
๏ Make sure to read the fine print to avoid unpleasant surprises
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
NUMBER OF CARDSIN 2012
CREDIT
350
300
250
200
150
100
50
0
PRE-PAY DEBIT
MILLIO
NS 333.6
159.1
282.8
WHAT YOU SHOULD KNOW ABOUT YOUR CREDIT SCORE
๏ Your score is an indica3on how likely you are to repay your debt
๏ Your score is dynamic and may change every day
๏ To increase your score, pay on 3me and limit your spending
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
FICO SCOREBREAKDOWN
35%
30%
15%
10%
Payment HistoryCredit Utilization Rate
Credit HistoryNew CreditTypes of Credit
10%
WHAT YOUR CURRENT WALLET SAYS ABOUT YOU
๏ Get more from your spending by using credit cards instead of cash
๏ Determine if your current cards are working for you
๏ Earn the best rewards with the right card
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
+18%-40%
THE NUMBER OFREWARDS CARDSINCREASED BY 18%FROM 2008 TO 2013 VERSUS A 40% DECLINE IN NON-REWARDS CARDS
MAKE YOUR CREDIT CARDS WORK FOR YOU
๏ Understand the different types of rewards
๏ Choose the credit card with the rewards you value the most
๏ Not all points are created equally
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
27% 5% 48% 20%
TYPES OF CARDS IN WALLABY’S DATABASE
No rewardsAirline miles
PointsCash back
CATEGORIES OF CREDIT CARDS๏ Understand the different types of credit cards
๏ Don't seGle for a card just because the issuer mailed an offer to you
๏ Take your 3me and do research to find the card that's right for you
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
2012 VS 2017
PERCENTAGE OF GROWTHTOTAL # OF CARDS
Union PayVisa
MasterCardMaestroAmexJCBDiscover
51%
2012
2017
29%
23%28%
36%
5%
26%
APRS, FEES, TERMS: STAYING OUT OF TROUBLE
๏ Understand both what you need and want from your card
๏ Read the fine print to understand how your card will work
๏ Call your issuer if you have any ques3ons about terms or fees
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
Total U.S. Outstanding Consumer Debtas of April 2014
Source: Creditcards.com
$3.18 TRILLION
LOYALTY PROGRAMS: THE GOOD, THE BAD, AND THE UGLY
๏ Loyalty programs can save 3me and money
๏ Some loyalty programs are linked to credit cards while others are not
๏ Memberships can be limited by terms and condi3ons changing at without prior no3ce and difficult redemp3on policies
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
2.65 BILLION US LOYALTY MEMBERSHIP PROGRAMS
21.9TOTAL MEMBERSHIPS
9.5ACTIVE
MEMBERSHIPS
GET MORE WITHOUT SPENDING MORE!
๏ Use your rewards card whenever possible
๏ Join loyalty programs, dining programs, and shopping portals
๏ Redeem your rewards frequently
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
HOW TO AVOID LOSING YOUR REWARDS
๏ Read the fine print to learn about the specifica3ons of your rewards program
๏ Track your rewards
๏ Don't let your rewards expire or devalue
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
1/3 OF CREDIT CARDREWARDS ARE
WASTED
MAKE YOUR CREDIT CARD PAY YOU
๏ You can earn money from your credit cards
๏ Make sure you have the right card for you in your wallet
๏ Keep track of bonus offers to maximize
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
READ MORE AT:
www.walla.by/the-‐card-‐guide
@wallabycard
The Card Guide, Presented by Wallaby Financial • © 2014, Wallaby Financial, Inc. • www.walla.by/the-‐card-‐guide • @wallabycard
PRESENTED BY WALLABY
CARD GUIDETHETHE