TURBOCHARGED KILLER RATE SAVINGS INFORMATION!
Let’s take a brief moment to recap:
If you’ve been following this journey with me, learning the 5 super-charged secrets of Credit Card Utopia, then you now know 2 very important things:
- Now you know how to take advantage of zero to low interest credit card offers.
- Now you know there’s safety in numbers and you know the magical “Who’s Who” of the major credit card companies. You already know that one of them, in my opinion, stands out among consumers.
With me? Good. Both are essential fundamentals that you must follow to live in Credit-Card Utopia.
Now let me flavor it for you.
What could be better than interest-free credit cards? What could be better than having the best and lowest secured credit card in your wallet?
1) What about cash? Would that work for you?
How about a big fat check at the end of the year, in the millions and millions and millions of dollars?
Would you like to be PAID thousands of dollars every year, just for spending money you ALREADY SPENT?
You may realize that I’m not talking DIRECTLY about interest rates. But listen, I can’t get interest much lower than zero. I need you to think creatively with me now.
2) Rewards cards, also known as incentive-based credit cards. Let’s start there.
These are not secrets. Many of us have rewards cards. I have several, in fact, and I get a lot of rewards for spending with them. I get airline miles, gas receipts, and discounts at online stores… AND… I get cash.
But let me talk about a HUGE secret that most people still don’t fully exploit for their personal and financial benefit.
3) My family and I have just started making money with Cash-Back offers:
Cash back, Cash-Back cards, those are the ones that I want to focus on with you here, for a second.
How do these cash back cards lower your interest rate? Well, at this stage, it’s a game of semantics, but if you have 9% interest, for example, and you use a cash-back credit card that pays you 3% on all transactions… Well, that it’s like getting a 3% discount. in rate, so your charge is more along the lines of 6%. It’s not EXACTLY like that, but you get the point.
More importantly, let’s dig deeper.
4) I’m going to tell you how to TURBO-CHARGE this mechanism, and EXPLODE IT FOR ALL IT’S WORTH.
You see, your credit card company wants you to spend as much money on your plastic as possible.
Yes, they would like to charge you interest on the debt. But even if he pays it every month, did you know that they still make a profit on the transaction from merchant fees?
Yes, the credit card charges the merchant a fee to swipe your card. It can vary from 1% to 6%…
It doesn’t affect you as a consumer (directly), but it does give you an idea of why you might become a business partner with your credit card company.
5) Secret #3 revealed: This is what my family and I are doing:
We use our credit card with cash back for EVERYTHING.
We’ve simply restructured our spending so that all or almost all spending goes through our cash back credit card.
Grocery stores, restaurants, shops, restaurants, gas… Everything. In fact, at the time of this writing, American Express® has developed a Bill-Pay type system so that we can pay some of our bills using our credit card with cash back.
You can imagine? A credit card company that develops online bill payment. Now how SMART is that?
6) Let me ask you something. How much money do you spend each year on expenses?
Don’t get out your calculator, because the answer is simple. Basically, you spend… AS MUCH AS YOU EARN…
The vast majority of us do. So let me ask you the same question another way: How much money do you make?
How much is 3% to 5% of that?
I will give you an example. If the average household income (and expenses) were around $50,000, that means a savvy consumer with a cash-back credit card could generate a check each year for between $1,500 and $2,500.
7) Holly Cape Canaveral, Batman!!! That’s $2,500 in free cash, every year!
What would YOU do with all that free money? Buy a vacation, a new TV, some jewelry?
Are you getting it now?
You should start looking at the Cash-Back credit card as more than just an incentive or reward.
Frankly, it’s a new source of income.
8) Now, here’s the crux of how we do this. It is simple.
The first step is to gather all of our credit cards, put them in an envelope, and put that envelope in our attic safe. We replaced all of our plastic in our wallet with the cash back credit card of our choice. We also put an emergency debit card in our wallet, but the main method now to spend is to use the cash back card. This takes care of gas, food, restaurants, etc.
The second step is the process of restructuring expenses through the online bill payment system with our cash back credit card company.
We redirect as many expenses as possible through our cash back card. It takes a little time, and it doesn’t happen in a day.
But do the legwork. Being a smart consumer like my family and me.
9) There is also a bonus!
The benefit is exceptional! Have you considered that my family and I really only have one payment a month to make? That is the goal we are moving towards anyway.
So think about how many bills you pay each month. Wouldn’t it be nice to make one payment for all your expenses, instead of a gas card check, utility check, credit card company check, etc.?
Think of the convenience and time saved by making just one payment each month.
10) A lot of information to assimilate, yes? Let’s pause here:
If you’ve followed my train of thought, then you’ve come to the secret knowledge of how to extract and exploit the power of these cash back cards for all they’re worth. If you do this, even just the first part, you’ll take a money-saving incentive program and turn it into a real revenue-generating technology!
Nice, cool, huh? SHHH! It is a utopian secret.
We have enjoyed providing you with this information and wish you the best of luck in your endeavors. Always remember to seek good advice from those you trust and never turn your back on your own common sense.
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