Spend Money to Make Money?

Spend Money to Make Money? Well maybe....

Look we all spend money right? But are you getting rewarded from it? If not...you should! People will reward you for spending money. Really.

Now let me make this clear. No one should spend more than you have. No one should go in debt. BUT if you already spending it....in debit or credit cards; both will reward you. Another warning: If you carry a balance on any credit card: REWARD CARDS ARE NOT FOR YOU!

So stop pull out your checking, & savings account and all those credit cards. Now which ones are working for you? Which ones say thank you for spending your hard earned money with me?

I guess the first question is: What do you want them to do for? What is important to you?

Best way to show this - is my story. I have a credit card (that I pay off monthly!) and I love to travel.....so I could have some card that gives me no rewards..... But I have a Starwood American Express, so 1 point for every dollar spent. And lots of other rewards....like 50% room coupons, exclusive deals, transfer privileges to airfare, gift cards, or rental cards. I feel like I am going to spend that dollar anyway.....so why not be slowly working toward something? I have been afforded a lot of vacations through paying off large bills I had the cash for on my credit card, earning points and then cashing in.....(again note: I used the cash to pay off the credit card that same month...never carry a balance.)

Not a traveler? You should still be rewarded!! My mother would rather use priceline but she wants the cash back so she has a Discover with Cash Back Rewards. Discover, for example, gives just .5% cash back on your first $1,500 of charges and 1% on the next $1,500, and 3% level only on purchases above $3,000 a year. You can do the math...and see if this would benefit you....

Shopper? What is your favorite store? Where do you spend the most time? If you spend $50 a month at the GAP....if you used a GAP Credit Card...you could get a $10 reward card at the end of the month. Doesnt that make sense? Now if the easiest thing for you is to use cash or your debit and you cant be hassled to have different cards for different stores....that is reward enough!

Will you get a free trip or rich over night? No. It takes time and effort ! Any girl who wants to get the best deal must be willing to invest a little time -- not only in choosing a card but knowing what it can and can't do. Stay on top of those emails telling you this is the month you could be earning extra rewards! Also, making sure you understand all the expiration dates and the terms and conditions. Also....what is the card offering you to sign up? My AMEX gave me 25,000 points and that was enough for my last Vegas hotel stay!

And heck, always ask for more. Trust me, people want you to spend with them...but girls....spend wisely! ;) No monthly fee or interest charge is worth any amount of rewards.....

Want to look for your perfect card:

http://www.cardratings.com/rewardpoints.html