Managing Your Credit Cards

TL;DR: Use Personal Capital to manage all your bank accounts/credit cards

1. Keeping Track of Net Worth

I use Personal Capital to manage multiple credit cards as well as my bank accounts. This is a way you can keep track of your net worth.

Other great features include how it tracks and breaks down your income and expenditure (which helps keep yourself honest with budgeting), and it keeps track of hidden or high fees in your investment accounts.

2. Putting activity on your old credit cards

If you’re like me and you have a credit cards that have been sitting around in the sock drawer, you may be at risk of having those accounts automatically closed. This is bad if those credit card accounts are some of your older ones, as they have a positive effect on your credit score (even if you don’t use them).

To prevent deletion of old accounts, I have Amazon automatically use them to reload $5 every month to my Amazon account. Then I have my credit card auto pay the balance every month if it’s less than $5. That way you don’t have to think about it!

Happy Tracking,

TheJKW