I stumbled across a book called Do More, Spend Less by Brad Wilson. Brad runs the site bradsdeals.com, which I find very informative. He shows you lots of great tips on how to maximize your rewards offered by credit card companies. I wanted to highlight one technique, that I have already tried and it works! If you go to the us mint.gov, they offer Presidential $1 coins like these, which can be bought online using your credit card. Yes, the U.S. Mint actually allows you to buy money with credit cards? Once you have bought these with your Rewards Credit Card or something similar, and have received shipment, deposit them straight into your bank account. Once your Rewards Credit Card bill comes, pay it off with your newly deposited coins, and voila, you have just earned some credit card rewards. If you want to really beef up your rewards, do this repeatedly with larger purchases. I am using this as a way to supplement the purchases I am already making on my credit card, and it really does work!
Disclaimer: This technique does not include the cost of shipping, unfortunately I had to pay $6.40 for a grand total of $31.40 to buy the coins and have them shipped, and my deposit was only $25, so it looks like there are some out of pocket expenses. However, you still get the rewards on the extra $6.40.
I want take the opportunity to spotlight some of this weeks favorite articles, from bloggers I admire!
Stumbleforward.com-10 new Home Upgrades To Consider Before You Build
Debtroundup.com- Adding Gold and Silver To My Portfolio
Frugalrules.com-4 Reasons Why Having An Investment Plan Will Save Your Butt
Clubthrifty.com-7 Engaging and Fun Ways To Teach Kids About Money
thefreefinancialadvisor.com-5 Smart Money Moves For Young Families
Seedebtrun.com-Love It or List It
modestmoney.com-Imagiative Ways to Make Extra Money
momoneymohouses.com-More Home Decor Without More Cost
dividendninja.com-The Lure and Dangers of High Yield Stocks (Part 1)
financiallyintegrated.com-How to Be A Contented Investor
brickbybrickinvesting.com-How to Sell Options Successfully
thepassiveincomeearner.com-Pay Your Mortgage or Invest It