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How To Make Big Money Off Credit Cards
Today it's possible to put almost every expense on credit cards. It's hard to believe that just 5 to 10 years ago, most major fast food chains and doctors offices did no accept credit cards as an option for payment. More and more places are realizing plastic is the new currency. There's even a mortgage company that has teamed up with American Express so you can pay your mortgage with a credit card. Same goes for the IRS, even they are accepting credit card payments for taxes. Let's say between everything you need to fork over money for in life, you spend 25k, 40k, or 100k annually. Why not earn rewards on all that spending? Credit card message boards like the one featured below offer great ideas on how to maximize your benefits. With incentives ranging from 1% cash back on all your purchase to 5% cashback on categories like gas, office supplies, and more... you might as well earn money back on things you already spend on. For example at the time this article is written, the website below is offering a free credit card with 5% cash back on many popular categories such as gas and 1% on everything else. If you chose to put everything on that card, at the end of the year that would be like getting an extra $1000, $3000, or more depending on how much you spend annually. Why not take advantage of free money like that? That's like your boss giving you an extra 2% of your income as a bonus every year. The truth is on average salaries such as $50k to $75k annual, you would be earning enough cash back to take a free vacation once a year. When selecting a rewards credit card there's a few important things to look for. First of all you should not have to pay any annual fee. Second, the rewards should be easy to redeem. Some credit card companies deliberately make the process tedious to discourage redemption of points. This is why it's important to check internet credit card forums to get real feedback from fellow consumers. Third, the rewards system should not require you to spend a certain amount before you start earning points. You should be earning cash back on all your spending, whether it's $1 or $100,000. Fortunately, there are many credit cards out there from major companies such as American Express, Visa, MasterCard, and Discover which all meet these criteria.
Generally speaking, it's smarter to opt for simple cash back. Often when you elect to get rewards, such as electronics and other merchandise, the dollar value of the reward will be less than what you would have got if you simply received cash back rewards. This is why it's recommend to take the cash. If you want a free TV that's fine, but don't take the one the rewards department can offer you. Take the cash and buy it yourself - your're far more likely to get better bang for your buck. Find the best offer out there by getting advice from other people just like you and a message board like CreditCardForum.com is a great place to start.
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