We asked 5 financial experts how they manage their credit cards with their spouses—here are their best tips

Shon Anderson, a certified financial planner and president at Anderson Financial Strategies, LLC, says that he and his spouse have used credit cards for years but they are really in it for the travel rewards.

“The best part is, as avid international travelers, we have been able to take advantage of bonus miles and travel rewards and have flown for free more times than we can count, including free round-trip tickets to three different continents,” Anderson tells CNBC Select.

To help cover the cost of their flights, Anderson and his spouse have used credit cards like the Barclaycard Arrival Plus® World Elite Mastercard® (this Barclays credit card offer is no longer available), the Capital One Venture Rewards Credit Card, as well as various airline cards by American Airlines, Frontier Airlines, Southwest Airlines and United Airlines.

But for those itching to travel right now, Anderson has one piece of advice before you jump on any credit card offer: “It really depends on when the bonuses are the highest — it’s worth waiting,” he says.

Before applying for a new credit card, compare any targeted offer you received with offers on the issuer’s website for that card, as well as do some research on what that same card has offered in the past to make sure you are getting the best deal.

For frequent travelers like Anderson and his spouse, a good sign-up bonus is worth taking advantage of. “Most of the time that is the biggest benefit,” he says.

Anderson suggests that after you get a new rewards credit card and the initial welcome benefits end, call your card issuer and see if you can have your annual fee waived or if you can be downgraded to a lower-cost version of your credit card without an annual fee. This way, it becomes less expensive for you to hold onto and you can keep the credit line open and not be dinged for closing an account.

“Remember, credit is kind of counterintuitive,” Anderson says. “You actually want to have a large amount of open credit compared to the monthly amount you are using. So, more cards and credit actually helps your score! Just remember, you should always pay off credit cards each month and only open one to two cards per year.”

Information about the Bank of America® Cash Rewards credit card, Capital One® Venture® Rewards Credit Card, Amazon Prime Rewards Visa Signature Card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.

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