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Make money with Card Cashback!

Discussion in 'Making Money' started by Jaw0608, May 3, 2016.

  1. Jaw0608

    Jaw0608 Newbie

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    So cards nowadays have cash back rewards programs, and those rewards are pretty low typically. But what if you got the rewards without having to actually spend your money?
    Here is my way to do this:

    1) Sign up for Fidelity card for 2% cashback: Pm For Link, Sorta new here
    2) Sign up for app at 1.54% charge per swipe. Pm for link
    3) Buy stuff from yourself with app. Make sure to put on as credit.
    4) Have a total of .46% profit with each "purchase". 1000 becomes 4.6$
    5) Repay credit card company from what you sent yourself (*Note* There will be some missing, as the charge happens first then when you repay you get your rewards, and you must fund this out of pocket to not get interest fees. This is important!)
    6) Rinse and repeat. I will be happy to explain further but I am on a phone typing right now and will update on computer later.
     
  2. The Mentalist

    The Mentalist Power Member

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    *facepalm*

    TLDR - If you're looking for advice about how to use rewards cards in an advantageous matter, don't read the OP.

    But if you are doing online ad spend (FB ads, Adwords, etc), using a rewards card is a no brainer, almost anyone can get a basic 1% cash back card, and that's an instant +1% ROI on your media buy.

    I mean unless you have credit problems or bad credit habits, you should almost always use a credit card instead of linking a bank account or using a debit card. As long as you're responsible, you're saving money
     
  3. neu009

    neu009 Senior Member

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    LOL if you want to lose money follow up. Charging yourself for any of the CC merchants is a surefire way to get a hold on your money, for a measly 0.46% lol. Way better ways to do this.
     
  4. royserpa

    royserpa Jr. VIP Jr. VIP Premium Member

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    So Interest < 1% Cashback? xD
     
  5. The Mentalist

    The Mentalist Power Member

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    Obviously if you are pulling from a bank account originally, you have the money already so you can pay your bills every month, so there is no interest....