5 Steps on How to Make Money with a Credit Card

January 28, 2008 at 1:12 pm (Uncategorized)

money I was greatly impressed by the article I found some days ago. I always thought that credit cards just could make you a bankrupt. However, the author asserts that there is the way to make extra cash every month using your credit card. Well, here’s how:

  1. Firstly, you should research all credit card offers you can find online. Pay close attention to plastics that give you rewards or cash back. Once you have found cash back credit cards, look at all the terms on each card. Try to find a plastic with 1-5% cash back on all purchases. There are credit cards that exist that give you cash rebate on ALL purchases. This is what you want.

  2. Apply for the credit card that offers cash back on all purchases you make with no annual limit.

  3. Once you have received that plastic, use it for making every purchase you would normally make, i.e. for everyday living expenses such as gas and groceries.

  4. This is the most important step. Pay your bills in full and on time every month . Do not carry a balance over and do not accrue late charges. This is roughly the same as paying for all of your regular expenses in one lump sum, instead of several different payments.

  5. Once you have accumulated enough cash back on your card, request a check in the mail from the credit company.

Voila! Once you have deposited your check, you have successfully earned money with your plastic with minimal effort. The more you spend using the credit card, the more money you make! It’s great! This way will not make you rich, but if your credit card has a high cash back percentage (say 5%), the money can add up quick. Good luck đŸ˜‰

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1 Comment

  1. Jenna said,

    A good way to take advantage of your credit card is to pay your balance on time and spend as much as possible with it.

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