Many people often associate credit cards with irresponsible spending and debt, but did you know you can actually MAKE money using credit cards? Sure, you need to be financially responsible but with the right card you can benefit immensely!
Love to travel? Are you yearning to find affordable ways to travel more? Well look no further than your credit card. Many credit cards today offer their clients travel rewards. Here’s a typical example: say an airline has a credit card that requires spending a $3,000 minimum within the first three months. If you meet that minimum, you are awarded a 50,000 mile bonus. During offseason (October 15th-May 15th), European flights are often around 40,000 points. Voila! Minus taxes and service charges, you just earned a FREE European vacation.
There are quite a few credit cards that let you accumulate points and redeem them in-house on their own shopping portal by means of gift cards to Macy’s, Target, Williams-Sonoma, Starbucks, and more. Chase Sapphire Preferred is a perfect example. With their card, you can get 50,000 points after spending $4,000 in three months! You can also sync your points to Amazon and shop with your balance and redeem your bonus once your three-month requirement is met.
This is a fantastic option for those who aren’t looking to spend and arm and a leg, but want to reap benefits from using their card for necessities like gas, groceries, bills, etc. With cash back rewards, you can easily bulk up your savings or retirement account. Chase’s Freedom card is an excellent example. It has no annual fee and you get a $150 bonus after spending $500 in three months. You get 5% cash back on various categories and 1% on all other purchases. This is also a great card for couples who might split these kinds of expenses, as you get $25 for adding additional authorized users. Check out rewards and perks on business cards as well.
Boost My Score offers the perfect opportunity for individuals to make money off their good credit. If you have a limit over $1,000 , with little to no balance , and a perfect payment history of 6 months or more, you can make easy cash from BoostMyScore.com as part of our Cardholder Program. Learn more by contacting Boost My Score today and check out our inventory of credit tradelines! Or if you are looking to add positive history to your credit report by getting added on as an authorized user check out our tradeline guide to learn more!