Credit card companies don't exist solely for you to rack up points—they're also in it to make money. Today, Amber helps four listeners with their credit card questions. Get ready to learn the pros and cons of the elite AMEX Black Card, why your network is your net worth and why you need to keep your credit score in mind when credit card hacking.

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In today's episode, we cover the following:

• A recap of Amber's experience at the Bob Moses & ODESZA concert (2:20)
• Crystalizing the mission of this podcast and the steps to building wealth (8:21)
• Upcoming episode alert: send in your questions about protecting yourself before marriage, postnups, and (12:12)
• 1st question: Are the bigger cards, like the American Express Centurion Black Card, worth it? (13:27)
• The benefits of the AMEX Centurion Black Card (16:35)
• 2nd question: What do you think about the Bilt Mastercard? (23:08)
• 3rd question: Why do wealthy people get more things for free? (29:18)
• 4th question: Can you talk about opening and closing credit cards for credit card hacking and how that would hurt your credit score? (34:18)
• What is a credit score and why it matters (34:50)
• Factors that affect your credit score (36:18)
• The big picture: how your credit score will determine the interest rate on your mortgage (40:12)

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RESOURCES

• Episode 017: Travel the World for FREE- Hot Hacks for Your Credit Cards
• Compare credit card options with NerdWallet

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Today's episode is brought to you by Trust & Will—in just a few clicks, you'll be well on your way to building generational wealth. Protect your assets today at trustandwill.com.

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Connect with the Old Money Podcast:

Web: OldMoneyPodcast.com

Email: [email protected]

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Copyright (c) Old Money 2023.

The content presented in this podcast is intended to entertain, educate, inspire and support listeners in their personal and professional development and does not constitute business, financial, or legal advice. Please note that this episode may contain paid endorsements and advertisements for products and services for which individuals on the show may have a direct or indirect financial interest in products or services related to the episode.

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