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How to make money with credit card rewards

how to make money with credit card rewards

The simple way spend and save.
Then you transfer the same amount from your bank account to a savings account, so that you save the money you've just spent, and don't spend it again.Here's an example of what you might do:.Meanwhile, I was setting up part two of my strategy Investing the Credit Card Company's Money I normally pay my credit card balances in full every month.One card suitable for stoozing is the.Look for categories for places to buy debit gift cards or gift cards for stores you normally shop.These figures will vary depending on when you make the purchases.This method is reasonably straight-forward simply build up your cash savings by using a 0 interest credit card to make as many purchases as possible.Buying things you cannot afford will only increase your interest and plummet you into debt, regardless of any cash back advantages.You could: Put the weekly food and petrol bill on your credit card.Check them out, or compare the whole market using our Search All amazon gifts for young women Credit Cards feature.Mango has a 3 monthly fee, and if you don't continue with a monthly direct deposit of at least 500, your interest rate drops.With the stoozing technique, you look for credit cards that not only have 0 balance-transfer deals, but which also allow you to pay off overdrafts.Click here to share your story.If you transfer the money out and pay off the debt at the end of month 11, you'll have earned about an extra 150 after tax at the basic rate and about 110 for higher-rate taxpayers.
As soon as I received the card, I went to Winn-Dixie and bought groceries, along with a couple 500 Visa gift cards.