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5 Secrets About Credit Cards Your Bank Would Not Tell You

5 Secrets About Credit Cards Your Bank Would Not Tell You

Credit cards be an enigma. Powerful tools if you use them right, but dangerous weapons if you’re not careful. On top of that, every card is loaded with tons of fine print you probably don’t know about (and your banks would rather you not know). Here’s a few secrets about your credit card that your bank won’t tell you.

Annual Fees Are Negotiable

Don’t feel like paying your card’s annual fee? Don’t do it. Call up your provider and ask nicely – and lots of times they’ll waive it. Use this script:

Customer Service [CS]: Hi, this is Mary with MasterCard. How can I help you?

You: Hi Mary, I’ve had this card for a while and I really like it. I’ve been a [Bank Name] customer for the last [number of years]. I’ve spent [$x] on this card and I’d really like to keep using it, but I didn’t realize there would be a fee. Is there anything you can do about that?

CS: Let me check.

A lot of times, they’ll say or act like they can’t do anything about it. This is where most people give up. Not you, stick around and be persistent.

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You: You said you’re not sure if you’re able to get the fee waived?

CS: Yes, that’s correct.

You: Well, can you check?

CS: I’m pretty sure we can’t waive the fee sir / ma’am.

You: Can you check with your manager please?

When the manager comes on, ask again with the first script. Be confident, but polite – they’re not going to want to do favors for jerks. When in doubt, be patient, polite and don’t give up until you get a direct answer from the manager in charge of the card. Often, they like to keep loyal customers and waiving the annual fee to keep one as a customer is a no-brainer. That said, it doesn’t work 100% of the time, so your mileage may vary, but it’s definitely worth trying. If they’re not going to waive the fee, then you can go on to the next tip.

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You Don’t Have To Cancel The Card

If you have an annual fee you don’t want to pay, but also don’t want to cancel the card (and want to keep your credit clean), you don’t have to cancel the card. Ideally, you’ve already had the conversation above. If so, continue on with this script:

You: Hi, well I’d really prefer not to pay an annual fee. Is there another version of this card without the fee?

CS: Oh, yes, there’s the _______ card.

You: Can you please confirm that there’s no annual fee with this card?

CS: Yes.

You: Can we do that?

CS: Sure, we’ll have that card out to you in the next 7-10 days.

You: Thanks for your help [their name].

Voila.

You Don’t Actually Have To Spend Money

If you want to hit the minimums on your card – you don’t have to spend tons of money to hit credit card bonuses for sign-ups and accrue lots of miles or points. The infamous buy $1,000 of coins from the US mint trick sadly no longer works – but there are other options out there. There are other techniques you can use to essentially spend money on your credit cards and accrue points or miles without having to pay tons of cash out of pocket.

The Vanilla Card Churn Strategy

Essentially, you load up vanilla reload cards at $500 each. Each one has a $3.95 sign up fee. You can typically load up to $5,000 on different cards. So basically, you’ve bought 5,000 miles for $39.50. That’s a mileage value of .008/mile – which is pretty darn good considering most miles are valued at about .002 each. You then transfer vanilla card balances to a bluebird debit card and use that money to pay off your credit card balance. There’s more in-depth information on this entire vanilla churn strategy here.

The Paypal Load Strategy

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This is similar to the vanilla, except you can use it in your Paypal account without paying the ridiculous Paypal credit card and international fees. If you have international employees – it’s often cheaper to load up a Paypal reload card and pay your employees with that balance than it is to pay an international + credit card fee if you tried to use your credit card directly on the site. There’s always more of these on the way as well. If you plug into the great community at flytertalk, you can get wind of when these types of opportunities pop up.

You Can Use Your Card To Travel For Free

If you start stacking up enough miles in your various mileage bank accounts, you can start to do pretty neat things as far as travel goes. Sure you can use those points and get cash back, but if you turn them into miles, you can book a RTW ticket like Steve did for just a few hundred bucks (which would normally cost thousands). Miles were also a huge way that Chris Guillebeau traveled to every country in the world.

Some of these trips start at just 140,000 miles – which is essentially 3 large signup bonuses for different cards. Even if traveling to the world’s ends isn’t your thing – you can still get a free flight or two out of strategically using your cards. Not too shabby.

You Can Use The Same Card Twice

If you have a card that gives you good perks, you can sign up for it twice. If you wait 9-18 months, you can re-apply and get the annual fee waived. This is great for mileage-accruing cards that give big signup bonuses. If you cycle the cards every 9-18 months, you can get 25,000-50,000 bonus points from each card (without paying the annual fee). Pretty cool!

Well there you have it – five credit card secrets your bank would rather you not know.

Do you have any secrets that you’ve found work magic with your bank?

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Featured photo credit: Bitzcelt via flickr.com

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Last Updated on July 4, 2019

25 Killer Sites For Free Online Education

25 Killer Sites For Free Online Education

Whether you’re five or ninety five, the internet has a lot to offer. Particularly when the topic is education, the resources on the internet are endless.

Best of all, many high quality sites are completely free. From history to coding, excellent free online education awaits on the following 25 sites.

1. Coursera

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    Coursera is a website that partners with universities and organizations around the world. This brings a wide variety of topics and perspectives to one searchable database.

    Coursera is a powerful tool for free online education, and includes courses from many top universities, museums and trusts. This gives the site an extremely wide range of in-depth courses.

    Coursera is extremely useful if you’re looking to study many different topics, or want courses from different schools and groups.

    2. Khan Academy

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      Partnering with many post secondary schools, Khan Academy offers a useable, well organized interface. Also curating many courses from around the web, Khan Academy offers impressive depth on many different subjects.

      Among the more well known educational sites, Khan Academy is also incredibly useable, which may make it easier to keep learning goals.

      3. Open Culture Online Courses

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        If you are struggling to find exactly the material you are looking for, try Open Culture’s listing of free online education courses. The page highlights 1000 lectures, videos and podcasts from universities around the world. The site features a lot of material found only on universities private sites, all in easy to browse categories. This means you can find hundreds of university courses, without having to visit and search each university’s own site.

        Open Culture’s list features courses from England, Australia, Wales and many state universities around the United States. A very helpful resource for finding many courses in one area of study.

        4. Udemy 

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          Udemy’s free courses are similar in concept to Coursera’s but additionally allows users to build custom courses from lessons.

          Working with many top professors and schools, the site mixes the customizable platform of other sites with a heavy emphasis on top quality content. This is another site however, that mixes free and paid content.

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          5. Academic Earth

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            Another site with courses from many different schools is Academic Earth. Much like the three sites above, Academic Earth brings together top notch courses from many different sources, and focuses on offering a wide variety of subjects.

            Academic Earth lists courses by subject and school, so it might be easier to find what you’re looking for.

            6. edX

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              Another great option for free online education is edX. Also bringing together courses from many different schools, the site has impressive, quality information for everyone. edX covers a great range of topics.

              7. Alison

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                Unlike the previous sites on this lists, Alison is a free education site offering certification in some areas. Alison offers courses mainly in business, technology, and health, but also includes language learning courses.

                It’s a great option if users need certification for their learning as Alison also offers school curriculum courses.

                8. iTunesU Free Courses

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                  A very convenient place for free online education is iTunesU, because it integrates seamlessly with your iPod, or any app-ready Apple mobile device. On iPad, iPhone, or iPod touch, users download the iTunesU app.

                  Desktop users can access  iTunesU on the upper right hand corner of the iTunes Store. iTunesU is also convenient because the store is categorized much like iTunes.

                  Users can search learning materials in many different ways, including genre and topic. However, courses are often a mix of free podcasts or videos, and paid content.

                  ITunesU does include courses on a pretty wide scope of topics, but does not integrate with Android, Google or Windows mobile devices.

                  9. Stanford Online

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                    Your hub for all the online offerings from Stanford University, Stanford Online offers self-paced and session based courses. While Coursera features some courses from Stanford, many classes are only available via other hosts. Some courses require iTunes, but most are completed in your web browser.

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                    Stanford Online is a great site for high quality courses, though the topics are somewhat limited compared to sites partnered with more than one school.

                    10. Harvard Extension

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                      Like Stanford Online, Harvard Extension features free online education courses from Harvard only. This is another excellent source for top notch course material, though the course variety is less rich than multi-school sites.

                      Additionally, Harvard Extension allows you to search for courses by professional certificate. This makes it much easier if your online education goal includes certification.

                      11. Open Yale Courses

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                        Open Yale Courses echoes Harvard Extension and Stanford Online, in that it offers only courses from Yale. While the site is similarly limited to topics taught at the school, Open Yale Courses offers a lot of videos of actual campus lectures. The availability of videos makes the site a great option if you’re looking for quality courses, but learn better by watching than by reading.

                        12. UC Berkeley Class Central

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                          Much like the other schools on this list, UC Berkeley has a variety of free online education options. The school has slightly fewer courses than the schools above, but includes some supplementary lectures, webcasts and RSS Feeds, making it easy to keep up with the topics you choose.

                          13. MIT OpenCourseWare

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                            Similarly, MIT offers a variety of free courses. The school has a comparable number of courses to the schools above, plus includes very in-depth course materials on the subjects available. MIT also offers free RSS feeds, a convenient way to continue learning.

                            14. Carnegie Mellon Open Learning Initiative

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                              Carnegie Mellon’s free online education site is comparable with the other school’s on this list, however, Open Learning Initiative also covers a smaller range of topics. But for the topics that are covered impressive, in-depth material is available.

                              15. Codecademy

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                                Codecademy is a website dedicated specifically to teaching coding. Where other coding sites follow an example/practice session workflow, Codecademy includes a live practice window. This means you can practice coding while still viewing the lesson material.

                                The courses at Codecademy are well written and easy to follow and the website is organized very nicely. Codecademy features a centralized dashboard where you can monitor your progress, plus organizes lessons into complete modules. This lets you learn an entire language without needing to pick the next course manually.

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                                16. Code

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                                  Code is another website focused on coding and app writing. A site with high quality courses, Code also features learning options for kids.

                                  In addition to kid friendly courses, Code offers free online education classes on a wide variety of technology topics. These classes include app writing, robotics and Javascript.

                                  Most of the courses are also geared in a such a way that they can be useful in a classroom setting. This makes Code a great resource for harder to find coding topics, as well as various learning settings.

                                  17. University of London Podcasts

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                                    The podcast page on the University of London website is another great source for free education. While the courses are limited to podcasts, the site features podcasts from it’s own campus, as well as eleven universities in and around London. This gives learners a wide base of topics and lectures, but still ensures in-depth material.

                                    18. University of Oxford Podcasts

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                                      Similar to the University of London, the University of Oxford features many different podcasts. Most are public lecture series or lectures from visiting professors, with several different recordings available.

                                      The advantage to this particular site is that podcasts are organized into series, making it easy to subscribe to multiple lectures on one topic. Another good site for thoroughly in-depth lectures.

                                      19. BBC Podcasts

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                                        For the more casual learner, the BBC offers a wide variety of podcasts on many different topics. Most podcasts are updated weekly, and focus on everything from finance, to sports, to current events.

                                        Through the World Service line of podcasts, there are also many in different languages. The focus of these podcasts are less in-depth and theory based, which may be more accessible to the average person.

                                        20. TED-Ed

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                                          Another great destination for more general learning is TED-Ed. From the same people that brought you the all encompassing, motivational web series, comes a site chocked full of educational videos. Most include impressive animation, and all are ten minutes long or less.

                                          Not only is TED-Ed an excellent site for the curious, it also includes supplemental materials and quizzes on the videos. This makes the site extremely useful in formal education settings, as well as in entertaining ways to brush up on new discoveries and topics.

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                                          21. LessonPaths

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                                            LessonPaths is another great tool for those looking for a more usable and convenient way to access learning material. On this site, users create link playlists of their favorite learning materials from other sites. Users then rank these collections, making it easy to find many different high quality, accessible sources on a given topic.

                                            22. Memrise

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                                              Another impressive free online education site offering ease of use and convenience is Memrise. Available both on desktop and as an app, Memrise is a particularly powerful tool if you are studying a language. The site encompasses many other topics as well, though some of the course material is user generated content.

                                              Part of what makes Memrise special is their integration of games into the learning materials, mixing learning with entertainment.

                                              23. National Geographic Kids

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                                                The kids site for National Geographic is another site that makes free online education applicable for younger users. For those looking for kid friendly education, a large variety of games, puzzles, videos and photos keeps kids interested on this site.

                                                National Geographic Kids doesn’t organize learning into courses, making materials available by topic and medium instead. This makes National Geographic Kids a good option for those looking for a more casual learning environment.

                                                24. Fun Brain

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                                                  Fun Brain is another good option for kids who want to learn online, but focuses on games and fun puzzles. Particularly focused on math and reading, Fun Brain’s game based approach can be valuable if the child in question struggles to pay attention.

                                                  Fun Brain offers rewards and challenges as well, and is another site aimed at a casual learning experience for kids K-8.

                                                  25. Whyville

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                                                    Similar to the sites for kids free online education is Whyville a destination for preteen online learning. The site includes a variety of social features, with a focus on learning materials geared for young teens.

                                                    Whyville also mixes in educational games, to make the site a well rounded option for kids too old for simple games, but too young for heavy reading based material.

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                                                    Featured photo credit: Dai KE via unsplash.com

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