Today – How to make money from your credit card
If you have ever wondered how to make money form your credit card here are some great tips for you. If you follow regularly you will know I have been featuring a series of Credit made Clearer videos from Capital One. They have lots of these on their own Credit made Clearer you tube channel and they are clear, informative and straightforward. This week I want to share their film on making money from your credit card. I do hope it helps you.
How to make money from your credit card
When you pay with a cashback or rewards credit card that’s exactly what happens you get cash back or a reward..However big or small your purchase is. Of course, this isn’t to be confused with the cashback you might get offered at the till – no, with a cashback credit card your issuer gives you a little back for every purchase you make.So with the right card you could make £100s a year.But to be clever with a cashback card, you have to follow two simple rules.
Yes when it comes to withdrawing cash, be aware that you’ll be charged a fee and interest.
And to avoid your interest charges outweighing any cash back or rewards that you earn, you should always look to repay the full amount each month.
The best way to ensure this is by setting up a monthly direct debit. If you are in a position to do this, you could get a little back for the purchases you make every day.
Do you use your credit card to make money?
I hope you have found this post on How to make money from your credit card useful. You might also like my post on how does a cashback credit card work