Today it’s possible to place nearly every expense on credit cards. It’s hard to trust that just 5 to 10 years ago, most major fast food chains and doctors offices did no accept credit cards as an selection for payment. More and more places are realizing plastic is the new currency. There’s even a mortgage company that’s teamed up with American Express to help you 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 required to fork over money for in life, spent 25k, 40k, or 100k annually Hacking Forum. Why not earn rewards on all that spending? Credit card message boards like usually the one featured below offer great ideas on the best way to maximize your benefits. With incentives which range from 1% cash back on your entire purchase to 5% cashback on categories like gas, office supplies, and more… you might as well earn cash back on things you already spend on.
For instance 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 for instance gas and 1% on everything else. If you chose to place everything on that card, at the end of the entire year that could be like getting an additional $1000, $3000, or maybe more depending how much spent annually. Why not take advantage of free money like that? That’s like your boss giving you an additional 2% of your income as an additional benefit every year. The simple truth is on average salaries such as for instance $50k to $75k annual, you would be earning enough cash back again to have a free vacation once a year.
When selecting a rewards credit card there is a few important things to check for. To begin with you should not have to cover any annual fee. Second, the rewards should be an easy task to redeem. Some credit card companies deliberately make the method tedious to discourage redemption of points. This is the reason it’s important to check on internet credit card forums to get real feedback from fellow consumers. Third, the rewards system should not require you to spend a quantity before you start earning points. You ought to be earning cash back on your entire spending, whether it’s $1 or $100,000. Fortunately, there are lots of credit cards out there from major companies such as for instance American Express, Visa, MasterCard, and Discover which all meet these criteria.
In most cases, it’s smarter to choose for simple cash back. Often whenever you elect to get rewards, such as for instance electronics and other merchandise, the dollar value of the reward is likely to be less than what you will have if you only received cash back rewards. This is the reason it’s recommend to take the cash. If you’ll need a free TV that’s fine, but don’t take usually the one the rewards department could possibly offer you. Take the money and buy it yourself – your’re far prone to get better bang for your buck.