Mr. Savvy and I don't carry credit card debt. Unlike some, we do still use credit cards, and see the value in doing so, but don't carry a monthly balance.
And just like we did in the past, we are always looking for ways to take advantage of credit card deals.... whether they are 0% interest promos we can use for arbitrage, account opening bonuses, or cash rewards for reaching certain levels of spending. We see maximizing these incentives as a side-job, a way to earn some extra spending money.
For a couple years, these deals dried up almost completely. In the past 5-6 months they've come back with a vengeance. Everything from 5% cash back, to gift cards for spending as little as $250 (or as much as $5000) in a specified period of time, and cash bonuses (or points that can be converted to cash or gift cards) for opening accounts. We've been able to make hundreds of dollars a month each of the past few months, and it just keeps getting better.
Sometimes you have to be creative. It can be difficult to "spend" $5000 in a few months, but with some ingenuity you can find ways to do it without any cash outlay of your own. Also, we have found ways to turn points into gift cards and gift cards into cash.
So anyone out there who wants to make some side money, start googling. You will spend a couple hours a week, maybe more at first, but it can be worth it.
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