Want To Make Some Money On A Credit Card?

Been doing it for six months. Very easy money. Just have to make sure you have cash flow to make min. payment every month otherwise you may need to dip into principal.

Been doing it for six months. Easy money. Just have to make sure you have the cash flow to meet the min. payment each month otherwise you have to dip into principal.

I think the most important instruction to give to readers who may be interested in making some extra money courtesy of citibank is to immediately cut up the card they give you to make sure you don't use this card.

Also, if you can't get at least $5000, then it really isn't worth it.

I have used this strategy and it works. Granted, 10K is not much but it is free money. If you get a higher credit limit (or combine 2 cards limits) you can have let's say $50K to use for free. Best to put it all in a high rate Money Market (you can get 4-5%) so you make a little pocket change.

The downsides:
1. Biggest: DO NOT use the card. Any purchses you make will continue to accrue interest at the card's going rate until you pay off the zero balance.
2. Dont forget to factor the set up fee--some can be as high as 3% which means that's your interest rate (not 0%) & they're getting it upfront. Many will cap the fee at $75. A few, like Bank of America, run promos with no set up fee, usually when they issue a new card

I will try to avoid debt whenever I can. Debit card works just fine for me. Plus its easier to use.

I dont mind taking debt when I need it - but 'earning' from that is probably a little beyond me !

Thanks for this!...Gonna help me pay off my xmas debt a bit easier!

Quote: Why bother with all this crap. The little bit of money you make/save is not worth the headache and worrying about it.

Actually, I'd have to disagree with that. Most people run around with a "I want to win the lottery" mentality. They are waiting for the big one, the big heist, the big find, the #1 stock of the year/decade, whatever.

In most people's cases, this won't happen. Why? Because:
1. if you can't manage the little wealth, you'll never be able to manage great wealth
2. the little 'crap' really teaches you to open your eyes, see opportunities, assess risks, and understand more about the 'game'.
3. once you have a solid foundation in the 'little' things, you'll be ready to start climbing more than the foothills of wealth.

But this is definitely NOT a "When will my ship come in?" game for you. It's a game of little victories, before you launch into a greater offensive.

MY 2C.

I am a big Dave Ramsey fan and I don't like borrowing money or going into debt. If you have never heard of Dave Ramsey or don't know much about him check him out at http://www.daveramsey.com/

That darn credit protection! They will not live that down. I know it makes them money, but it takes a least 3 times before they actually know the real meaning of the word "NO!"

Why bother with all this crap. The little bit of money you make/save is not worth the headache and worrying about it. Just pay the credit cards off, and don't worry about it. Debt free is the only way to live.

No line lives in Canada. :(

I think I found my comment problem: I opened a few posts at once, and I think the captcha session/key or whatever gets messed up. I reloaded this page fresh before posting, so I hope this doesn't get trashed too.