3 Credit Cards Book Lovers May Want to Add to Their Collection

For book lovers who want help affording their literary habit.

Bibliophiles know there’s no better way to pass the time than to get lost between the covers of a good book. But a love for stocking your bookshelves, means spending a lot of time and money at the bookstore.

True book lovers may want help affording their literary habit. Whether you prefer thrilling page turners, thoroughly researched biographies or the classics, some credit cards can help you feed your book addiction.

Here are three credit cards bookworms may like.

1. Barnes & Noble Mastercard

Rewards: 5% cash back on Barnes & Noble purchases, two points per dollar spent at restaurants, one point per dollar spent on everything else
Signup Bonus: $25 Barnes & Noble gift card after your first purchase
Annual Fee: None
Annual Percentage Rate (APR): Variable 14.74% or 25.74% on purchases, 0% intro APR for 15 months on balance transfers made within the first 45 days after opening the account, then variable 14.74% or 25.74%
Why We Picked It: Readers can save on their online and in-store Barnes & Noble purchases and earn gift cards with everyday purchases.
Benefits: Cardholders earn 5% cash back on Barnes & Noble purchases. The cash back is credited to their account. Dining purchases earn two points per dollar. All other purchases earn one point per dollar. Every time you reach 2,500 points, you’ll be shipped a $25 Barnes & Noble gift card. You also get automatic Barnes & Noble membership if you spend $7,500 or more on your card each year. (Want more ways to save at Barnes & Noble? We have 13 right here.)
Drawbacks: If you like to shop elsewhere for your books, the Barnes & Noble card isn’t right for you.

2. Amazon Rewards Visa Signature Card

Rewards: 3% back at Amazon.com (or 5% with Amazon Prime), 2% back at restaurants, gas stations and drugstores, 1% back on everything else
Signup Bonus: $50 Amazon.com gift card upon approval
Annual Fee: None
APR: Variable 14.99% to 22.99%
Why We Picked It: If you buy your books on Amazon.com, you can earn back decent rewards, especially with Amazon Prime.
Benefits: This card earns a certain percentage back on all purchases, with extra incentives for Amazon.com, restaurant, gas station and drugstore purchases. The percentage you earn back comes in the form of points, which can be redeemed for Amazon.com purchases, travel, gift cards and more.
Drawbacks: To squeeze the most value out of this card, you’ll have to pay for an annual Amazon Prime membership.

3. U.S. Bank Cash+ Visa Signature Card

Rewards: 5% cash back on $2,000 in combined eligible purchases for two quarterly categories chosen by you, 2% cash back on one everyday category chosen by you, 1% cash back on everything else.
Signup Bonus: None
Annual Fee: None
APR: Variable 14.99% to 23.99% on purchases, 0% intro APR for 12 months on balance transfers made within the first 60 days of account opening, then variable 14.99% to 23.99%.
Why We Picked It: Book lovers can choose bookstore purchases to receive a special cash-back rate.
Benefits: This card lets you define the categories that earn 5% and 2% cash back. You can choose two categories to earn 5% cash back for up to $2,000 in combined purchases each quarter. Bookstores are one of many available categories.
Drawbacks: This card requires a bit of management, as you’ll have to choose categories every quarter to earn your 5% back.

How to Choose a Credit Card to Fuel Your Reading Habits

When choosing a credit card to help fund your book addiction, you may want a card to use exclusively for book purchases or a card to also use for everyday spending.

If you plan to use a credit card exclusively for book purchases, your best bet is to choose a card that offers the biggest rewards at your bookstore of choice. That could be a store-branded credit card or a general cash-back credit card with a great rewards rate.

If you want a card to use for everyday spending, you may have to do some additional legwork. You’ll want to choose a card that rewards both your book spending and the other types of purchases you tend to make. You’ll also need to consider your goals for a card, and whether you want cash back, travel rewards, balance transfer options or other benefits.

What Credit Do You Need to Get a Credit Card for Book Purchases?

Cash back and rewards cards generally require good to excellent credit. Before you apply, you’ll want to be reasonably confident in your ability to get approved, as a hard inquiry into your credit can lower your credit score a few points. Before you apply, you can check two of your credit scores for free through Credit.com.

Image: Squaredpixels 

Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.

The post 3 Credit Cards Book Lovers May Want to Add to Their Collection appeared first on Credit.com.

These Books Will Teach You Everything You Need to Know About Money

We’d all love to have our own personal financial expert at our beck and call, but not everyone can afford to keep a Certified Financial Planner on the payroll. Books, on the other hand, can be an excellent — and affordable — alternative if you’re looking for ways to improve your wealth, find success, and learn how to invest. Lucky for you, we’ve reached out to the experts themselves to find out which personal finance books they always keep handy.

The Expert: Kevin Smith, founding partner of wealth advisory group Smith, Mayor & Liddle

His favorite books: The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas J. Stanley and The Richest Man in Babylon by George S. Clason

babylon millionairenextdoor

Why he recommends them:

“Understanding investments and having a quality portfolio are of little benefit to investors if it’s not accompanied by wise investment practices and disciplined financial habits. Both of these recommended books emphasize the latter, and avoid the technical descriptions and potentially confusing explanations that most financial books entail.”

The Richest Man in Babylon covers the perks of thriftiness, financial planning and personal wealth, offering timeless principles that can benefit readers for years to come. “I’d recommend it to anyone,” says Smith,” but particularly those of a younger age who have time on their side and can more easily benefit from compounding [interest].”

The Millionaire Next Door, on the other hand, emphasizes the ease with which anyone can become wealthy, and discusses how the typical millionaire is often much different than perceived.

“Those who have become millionaires are generally not those who own the biggest homes or drive the fanciest cars, but rather they’re common, everyday citizens who saved regularly, invested wisely, lived within their means and developed sound spending and investment habits at an early age,” he says. “It gives hope to anyone who might otherwise believe that the rich are only those with the highest paying jobs or beneficiaries of good fortune.”

The Expert: Jim Adkins, founder and CEO of Strategic Financial Associates, LLC

His recommendations: The Presentation Secrets of Steve Jobs: How to Be Insanely Great in Front of Any Audience by Carmine Gallo

jobs

Why he recommends it: Let’s face it. One of they key components of building wealth is doing well in your career. That’s why The Presentation Secrets of Steve Jobs is at the top of Adkins’ list. The book focuses on teaching people and public speaking skills anyone can use to achieve personal success. “The message of this book is that Jobs’ extraordinary impact is based on his authenticity and his passion for his company’s people and products,” says Adkins. “Everyone with a product or service that improves people’s lives has a story to tell and can learn from Jobs.”

The Expert: Molly Stanifer, CFP®, Old Peak Finance

commonsenseinvestmentanswer

Her recommendations: The Investment Answer by Daniel C. Goldie and Gordon S. Murray and The Little Book of Common Sense Investing by John C. Bogle

Why she recommends them: For budding investors, Stanifer says there are no better books to help explain the ins and outs of the stock market. Both books caution against pure stock picking in favor of investing in a broad array of assets. Bogle’s The Little Book of Common Sense Investing is practically mandatory reading for anyone wanting to learn more about the power of a diversified portfolio.

The Expert: Jeff Jones, CFP®, MS

habits9thhabite

His recommendations: The 7 Habits of Highly Effective People by Stephen R. Covey and The 8th Habit: From Effectiveness to Greatness by Stephen R. Covey

Why he recommends them: For books that focus on personal growth, Jones says it doesn’t get much better than these two Covey classics. “These books have stood the test of time and offer great re-readability factors,” he said.

The Expert: John Bohnsack, CFP ®, Briaud Financial Advisors

valueinvestor

His recommendations: The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment by Guy Spier

Why he recommends them: “Spier’s lessons — many of them learned the hard way — teach the reader about gratitude, surrounding yourself with the right environment and modeling the right people, his own hero being Warren Buffett,” says Bohnsack. “The book challenges the reader to become a better investor, but so much importantly to be a better version of yourself.”

The post These Books Will Teach You Everything You Need to Know About Money appeared first on MagnifyMoney.