6 Easy Steps to Make money from Cash Reward Credit Cards or Point Rewards Credit Cards Part4

4- Do not withdraw money from your bank account anymore

Using cash reward credit cards as a transactional tool brings a lot of great advantages. On one side, you get the cash reward, on the other you save all transaction cost (most debit cards allow a certain amount of transaction and they charge after that) and, you may save fees from your bank account as well.

How paying with your credit card will avoid bank account fees?

It is very possible that if you maintain a specific amount in your bank account at every moment of a month, you get to do all your transaction for free. Therefore, by paying only with your credit card and not withdrawing from your bank account, you could save on fees.

It also helps against fraud!

By paying with your credit card, you get a much better protection against fraudulent activity with your account. How? Simply because you will get reimburse in a heart beat if you call and declare that your credit card has been cloned. On the other side, if you try to get your money back from a bank after having your debit card stolen, it may become quite a hassle.

Not withdrawing from your account anymore is obviously part of the strategy in order to make sure you can make the full payment on your credit card at the end of the month.

If you have a well balanced budget, this should not become a problem. Therefore, you will see money accumulating during the month into your bank account. All this big nest egg will disappear within 30 days though… once you get you credit card bills.

It takes a few months to get used to see big fluctuations (you can easily get to 1,000$ payment per credit card per month). However, after a while, we get used to it and the 1,500$ bill on the credit card doesn’t bother you much

Here are a few examples of great cash reward and points credit cards:

Here is the complete 6 Easy Steps to Make Money From Cash Reward Credit Cards of Point Rewards Credit Cards (links will be updated as article goes live).

1- Select a card with cash rewards or a good point system that suits your needs

2- Use your credit card for your day-to-day spending (guest post on The Financial blogger)

3- Keep another credit card for emergency

4- Do not withdraw money from your bank account anymore

5- Pay it completely at the end of the month

6- Enjoy rewards from your credit card

If you liked this article, you might want to sign up for my FULL RSS FEED. Then, you would get my daily post in your email and can read it at any time. To subscribe, please click HERE..