Page 106 - Credit Matrix: The Path to Financial Liberation Red Contract

Hack #8: The Daily Transport Credit Boost**

**Understanding the Strategy**

The Daily Transport Credit Boost is a nuanced credit-building strategy that
capitalizes on the regularity of your daily commuting expenses. By dedicating a
specific credit card to public transport costs, and ensuring that these expenses
are reported to credit bureaus on a per-ride basis, you can transform routine
travel into an effective tool for enhancing your credit score.

**Step-by-Step Implementation**

1. **Choosing the Right Credit Card**: Select a credit card that is recognized for
its frequent reporting to credit bureaus. Ideally, this card should report
transactions more frequently than the standard monthly cycle – look for one that
offers per-transaction or at least weekly reporting.

2. **Dedicate the Card to Public Transport**: Once you've chosen your card, use it
exclusively for your public transportation expenses. This could include bus fares,
subway tickets, train rides, and other forms of public transit.

3. **Linking to SuperPay**: Amplify the benefits by linking this credit card to a
SuperPay account. SuperPay can provide an additional layer of reporting to credit
bureaus, effectively doubling the credit-building impact of each transaction.

4. **Rotating Linked Cards**: To further enhance this strategy, periodically rotate
the credit card linked to your SuperPay account. This rotation allows you to
spread the credit-building benefits across multiple cards, diversifying your credit
activity.

5. **Tracking Your Expenses**: Keep a close eye on your public transport
expenses. Budget accordingly to ensure that this strategy remains financially
manageable and doesn't lead to overspending.

**Practical Example**

Imagine you commute by train every weekday. Each train ride costs $3, and you
use your dedicated public transport credit card for these transactions. Over a
month, this amounts to approximately $60 in commuting costs.