Credit cards for many people can be very dangerous. If you’re disciplined enough to pay off credit card balances at the end of each month there are many ways you can accumulate extra money. You must avoid the high interest rates otherwise the rewards and bonuses are not as beneficial. The 3 best ways to earn are Cash Back Rewards, New Customer Sign up bonuses and 0% interest offers.
Cash Back Rewards — Earn cash back on purchases. Usually up to 5%. Here are a few i recommend
- No monthly categories: With 2% cash back Citi Double Cash Back Review no messy categories just 2% cash back. 1% when when you buy and 1% when you pay. No annual fee or limits on cash back
- Rotating Categories: Discover it Cash Back has quarterly rotating categories, for example gas stations, grocery stores, Amazon.com. Depending on the quarter there are 2-3 categories the select and you are 5% cash back on these categories. Usually limited to 1500.00 in purchases per quarter.
New Customer Sign up Bonus — For applicants with excellent credit, the credit card companies are fighting for your business so they offer cash or point based sign up bonuses. Here is one I recommend
Chase Freedom Credit Card $150 bonus after you spend $500 on purchases in your first 3 months from account opening. It also has no annual fee. And currently offers 0% intro for purchases for the 1st 15 months of account opening.
0% APR Interest offers — Transfer your credit card balances with high interest rates for offers with 12-18 months introductory 0% rates. A few even offer no balance transfer fee. Here is one I recommend
Chase Slate Credit Card 0% intro APR for 15 months from account opening on purchases and balance transfers. Transfer balances with an introductory fee of $0 during the first 60 days your account is open. No Annual Fee
Disclaimer: Please read all fine print before apply for any of the credit cards I mentioned above.
Very nice knife! Question: Do you believe life-lock is worth the money for everyone, and do you use it? If not, how do YOU protect yourself and your BENJAMINS!?
I don’t think lifelock is necessary. Of course if your identity was hacked it would make it easier to deal with the situation. I would not want to pay the lifelock fees for the rest of my life to help protect my identity. Using a fee service like credit Karma can help monitor your credit and if you see anything suspicious you can be proactive about it. Thanks for your comments.