I am delighted to say that we are a credit card deadbeat! In fact, some of you could already be credit card deadbeats too, if you do, I commend you for your excellent work! Now, one self in good who don��t know what a credit card deadbeat can be, before you start thinking I have a twist loose, you may want to continue reading!

When I say that I am a credit card deadbeat UGG Boots, I don��t imply that I avoid my unpaid bills. To the contrary, a credit card deadbeat is the specialized term used by credit card company executives and refers to every one of the credit card users who pay back their bill each month rapidly; in doing so, such customers pay no interest and prevent the creditor from making any profit! That��s me personally! I love being a credit card deadbeat!

The alternative to being a credit card deadbeat is what bank card executives call a revolver. Any revolver is a credit card user that constantly carries a balance and is also charged regular, monthly attention on their charges. Credit card companies love revolvers because they, in essence UGG Boots Classic Tall Delaine Chestnut, increase the main point here for the credit card company and make them a nice profit. Even more, from an insider viewpoint, the best customers not only possess a balance, but also make the money they owe late, triggering extra charges and a higher interest rate.

Okay, consequently I've been a credit card deadbeat for a little bit now UGG Boots Stripe Cable Knit, but last year My partner and i went even further in enhanced my deadbeat ways. Not only did I hang onto my money by refusing to range the wallets of the credit card banks, but I also happily padded my own wallet with their cash, to the tune of $1,402. Of course, that��s right, they paid myself $1,402 to use their cards; keep reading to find out how!

Cash Back Credit score Card

First, I applied online for a Cash Back Credit Card and I ended up being instantly approved. My fresh cash back credit card arrived to my home the following week ready will use. This card presented me 0% APR for 12 months and carried no yearly fee; With it, I made all of my gas buys, as well as grocery and drug store purchases and earned 5% rear cash back on the gas acquisitions and 1% back on other purchases. I have a family of a number of and the gas purchases integrated gas for my spouse��s vehicle as well. My average month to month purchases and cash back revenue were as follows:

Monthly Gas Purchases $325 x .05 = $16.25
Monthly Grocery Invoice $1,200 x .01 =$12.00
Monthly Pharmacy Purchases $160 x .01 Equals 1.60

Total Cash Back Earnings Coming from Credit Card $ 29.80 x 12 = $358.20

Airline Benefits Credit Card

I also applied for a good airline rewards credit card as well as again was instantly authorized online. Like the cash back bank card, my new airline rewards credit card arrived the following few days, came with a 0% introductory Annual percentage rates for 12 months and had absolutely no annual fee. This plastic card earns 1 frequent leaflet mile for every $1 charged.

I billed many of my miscellaneous bills, including major purchases and business expenses, on my new Airline Rewards Credit Card. As a result, the qualified expenses came to an average of $2,250 monthly or perhaps $27,000 for the year, getting 27,000 frequent flyer miles, more than enough for an air travel ticket to Hawaii: a $500 worth!

0% Introductory APR for Yr

Now here��s the kicker. Since both bank cards came with a 0% introductory Annual percentage rates for 12 months, I paid out only the minimum payments about each card and put the money for my buying into a savings account earning A couple of.5% (rates have gone up considering that). Using averages for straightforwardness, I made 12 month to month deposits of $3,935 into a checking account earning 2.5% interest compounded monthly. By the end of the year, My spouse and i earned $544 in interest!

My Total Credit Card Earnings for the Year

So here is my total earnings in the cash back credit card, airline benefits card, and interest earned.

Cash Back 12 x 30.85 = $358
Free Airline Ticket $500
Savings Consideration Interest $544

Total Earned $1 UGG Boots Roxy Short,402

Just to make sure My partner and i maintain my deadbeat ways, since the 0% introductory rate has expired UGG Boots Classic Paisley Grey, I��ve paid off my stability from the money I deposited into my savings account in the past year. To be a credit card deadbeat you need endurance, determination, and discipline. Used to do it, and so can you!

Copyright © 2005 Stephanie Andrews