You’re literally missing out on free money.
In this episode of Dropping Bombs, Brad interviews Stephen Liao to learn tips on how anyone can sift through the world of credit card perks.
“I was taught to leverage four things: other people’s money, time, knowledge, and technology,” says Steven Liao, CEO of Moves Inc. “With credit, I’m leveraging the bank’s money, and making a 10%-20% ROI.”
Steven’s expertise at leveraging credit has allowed him to build his personal wealth well into the millions. Check out a few choice highlights below, and don’t miss this episode of Dropping Bombs to find out how!
- Over-utilization is just as bad as missing a payment. To keep your balances down below 10%, think of a $1000 card as only having $100 available and your score will skyrocket.
- Want a higher credit limit? Call your card company and threaten to leave. If all else fails, simply hang up and try again.
- Some types of cards demand that you spend a minimum amount before you can access their perks. Steven suggests a method he calls “manufactured spending”: If the minimum is $5,000, he’ll use that card to buy 5K in Visa gift cards, then use the gift cards to pay off his line of credit. This allows you to earn point-based perks without racking up massive debt.
Want to learn more? DM Steven Liao @Credit on Instagram.
About Stephen Liao:
Stephen Liao is an expert on credit management and went from 0 to 20-million reward points, with an established a $3 million line of credit. on December 4th, 2017, Tai Lopez brought Liao on his YouTube channel to share his knowledge. Together, they offer a credit hack program to educate clients more about credit and credit cards. In February 2017, Stephen founded the social media startup Moves Inc. that helps garner impressions by connecting people through communities.