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Re: Using credit cards to make money?


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Posted by sotxbill on January 09, 2017 at 12:03:01 from (104.5.24.112):

In Reply to: Using credit cards to make money? posted by Geo-TH,In on January 09, 2017 at 07:21:24:

I have even the power bill/telelphone/cellular go to the credit card each month.. I have everything go to the card... It gets paid off each month.. I usually get around $650 in cash every year. I pay no fees, and have done this every since they offered me the 2% cash back. So,, for about 20 years now, I get a notice of a 650 plus deposit in my checking account every January for the previous year. I order all farm parts, gasoline, virtually everything that will take a credit card, autopay,etc, this way. And I only purchase what I would have purchased anyway. Only negative is that I have to log on to all my autopay accounts every 2 years and update the card info. Most of my autopay accounts are even nice enough to notify my when the card is near expiration. 12000 dollars is nothing to sneeze at and I believe its tax free as its my post tax money they are returning. And 2% return on this type of money is a phenomenal return any way you look at it.


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