Friday Flight - More Stimmy Money, NFT Investing, & Booking Summer Travel Now #330

Credit Reports

The ability to check credit reports weekly for free has been extended through April of next year, providing consumers with a valuable tool to monitor their financial health. Joel Larsgaard and Matt Altmix highlight the importance of this change, noting that it allows individuals to stay informed about their credit status without incurring costs 1. This extension is particularly beneficial for those applying for mortgages or refinancing, as it enables consistent monitoring of credit reports. Matt shares a personal experience where this free access helped him verify that no fraudulent accounts were opened in his name, emphasizing the peace of mind it provides.

   

Credit Cards

Credit card benefits are evolving, with many perks being discontinued, prompting consumers to adapt their spending habits. Joel explains that features like free checked luggage and collision damage waivers are being phased out by some issuers, such as the Fidelity Rewards Visa card 2. Matt advises paying attention to notices from credit card companies and adjusting usage accordingly. He mentions that some cards now offer cell phone insurance, covering damage and theft, which can be a valuable alternative benefit.