Ted Rossman of Bankrate.com said that more than two-thirds of people with credit-card debt are making a financial mistake by trying to maximize credit-card rewards rather than forgoing the bonuses for a card with a lower rate and fewer costs that will help them eliminate debt faster, noting that gaining a few percentage points in cash back or airline miles is not worth the average credit card's 18 percent rate. Also on the show, author Rita McGrath talks about identifying transformative changes in business ahead of the crowd, Noland Langford of Left Brain Capital Management talks stocks in the Market Call, and Chuck answers a question about home-purchase offers you might get in the mail.
Money Life with Chuck Jaffe