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To: upchuck

MAKE MONEY FROM YOUR CREDIT CARDS

A few generations ago many businesses, even gas stations, offered discounts for making purchases with cash. But the credit card companies put a stop to that by not authorizing use of their cards by businesses that offered cash discounts.

Now it has come full circle and many credit card companies themselves have some kind of rebate or cash back program for using their cards.

Since we cannot commonly get discounts for buying with cash we use credit cards that give us a rebate or cash back. We charge everything possible unless there is a fee attached - like local taxes, etc. And we pay the full balance at the end of every month. RELIGIOUSLY. We never pay interest or any kind of membership fee.

So we use the credit card company to float our purchases interest free and to give us a small amount back in lieu of a cash discount.

This is a good startegy for anyone with the self control to avoid carrying a balance over into the next billing period. It is not for those too far in debt or too weak willed to avoid running up large balances they cannot pay off immediately.


21 posted on 02/27/2012 7:38:57 AM PST by Iron Munro ("Don't pick a fight with an old man. If he is too old to fight he'll just kill you." John Steinbeck)
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To: Iron Munro

You make too much sense.


35 posted on 02/27/2012 8:02:59 AM PST by greyfox (If I were a Democrat I'd be pushing for the fairness doctrine too.)
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