I don’t need more money -said no one ever!!! If you love shopping, traveling, going out and enjoying a good time, this costs money and I know you wouldn’t mind some extra cash (just like me!) to enjoy more fancy shoes, adventurous trips, social happy hours, and cool experiences.
One of the easiest ways you will ever earn money is by swiping a cash-back credit card! (I agree. . . this sounds TOO good to be true, but I am not kidding!)
For instance, I bank with Chase J.P. Morgan and applied for their Chase Freedom Unlimited credit card; once approved, I got an automatic $150 bonus for spending $500 within the following three months. Additionally, I started earning 1.5% cash back for all my purchases. The Chase Freedom Unlimited credit card offers:
- No annual fee (YaY-hOoRaY!)
- Unlimited 1% cash back on every purchase, every day
- Earn a total of 5% cash back on up to $1,500 in combined purchases each quarter in bonus categories that change every three months such as gas stations, grocery stores, restaurants, and other categories. (In other words you can earn up $75 each quarter for the advertised categories, and once you max out, you earn 1 point for every dollar spent).
So pretty much this is what it comes down to. . . you get 1 point per dollar spent on everyday purchases, and 5 points per dollar spent on purchases in the categories highlighted during each quarter. Note: Every 100 points you accumulate is equivalent to $1.00
SECRET: Every year, from January to December, I use my cash-back credit card to accumulate points from all my purchases. From drinks, meals and groceries to bills, rent and insurance, I pay for everything and anything that I can with a credit card to earn as many points as possible.
TRUE FACT: This practice has helped me redeem an average of $350 to nearly $400 per year!! (I typically use this “bonus” to shop for Christmas gifts).
After learning this little secret, are you interested in earning MORE cash?! If your answer is ‘YES!’, let me tell you. . . another way to put extra money into your pocket, is if you invite friends/family to apply for the Chase Freedom Unlimited credit card. For every person who gets this card you will earn $100! Note: You could earn up to $500 cash back each year!!!
Don’t waste another minute and start making money by swiping that card! I highly encourage you to find a credit card that gives you cash back for every dollar you spend! (Yes, ya’ heard me; earn $$$ back for paying all your monthly purchases/payments with this type of credit card).
To find the right card for your needs, visit the Credit Karma Inc. website and compare the differences offered by each card. I specifically talked about the Chase Freedom Unlimited credit card because I actually own one.
By all means, I am not a professional financial advisor, this post is based on my personal experience on how I learned to earn some extra money by channeling my monthly spend through my credit card.
These are my best practices and I thought others could learn from too!