Yes, you can make money on credit cards. Here’s how you do it. I’m sure you are bombarded with these credit card offers in the tender ‘teaser “rate mail to encourage you to apply. Also, known as “introductory offers.” They usually have a low or zero-interest rate for 6-12 months.
Simple Tips to Make Money On Credit Cards
- Request a credit card: that you provide as Bonus premiums vary from $100 to $350, and the two deals are just as good, so why not get one with bigger bonuses
- Get a no fee card: No credit cards have an annual fee, but if there are cards with annual fees they usually give you with a fee for the first year to apply for these cards and you can also cancel or convert (a non-fee card) of your card after your purchase bonus.
- You can also apply for the card that gives you 0-% balance transfer or Check Intro April and make a little money so that you can earn interest that can easily make you a decent income based on your credit.
The best deals are the zero-interest rate. There were many, so if you did not just watch one. Shred the rest. Just a side note; Please shred all credit card offers that you do not want because identity thieves are known to apply to your account and change the address. While you are not aware, the thieves are supported on your behalf. Get a shredder and shred $10-20 requests credit card rather than throwing them in the trash. I like mills that make cuts of diamonds, as they decompose into small pieces that virtually nobody can recover.
Now back to our strategy of making money. After getting the 0% offers. Go through them and see which are the “cash advance fee.” Shred those who have money in advance. Usually the cash advance fee is where the credit card companies make their money. Most started asking for 3% of cash advance fees.
Now you end up with one or two good offers with 0-% interest free cash advance for six or 12 months. It is free money. Take that money and put it in a safe place, like a money market accounts separate. Mark your calendar when it must be repaid in full. Each month, your credit card company will usually charge 1% of the money borrowed. Promptly pay this account. If you do not pay, the interest rate instantly jumps to the current rate of some outrageous amount as 16-24%. The credit card companies rely on the fact that you’ll forget to pay, and they ‘shock you. Or you could forget when the total amount is due and again they ‘you get.
Simple strategy, pay their bills every month, and the amount is due to full pay one week in advance. You Don’t charge anything on the credit card because all you pay first at your expense and not to your cash advance. Keep it clean and give no reason for the company credit card to charge you interest.