There are several ways to earn rewards with your credit card, but spending is the way that everyone thinks of. Certainly, it is nice to earn credit card rewards for making the purchases you need to make, but there are other ways to earn rewards.
Sign up bonuses
Yes, banks are willing to give you valuable points and miles, just for giving them a chance to earn your business. In fact, the number of points and miles available to new applicants, continues to grow. There used to be a time where 25,000 miles was the standard, but now it isn’t uncommon to find offers of 40,000, 50,000 and even more. [click to continue…]
People can’t seem to believe that they can get something for nothing. Yes, credit card issuers will offer valuable points, miles, and cash back to those who apply for their cards and meet a minimum spending requirement. No, doing so will not hurt your credit score.
Why it won’t hurt
When an applicant is approved for a new credit card, he or she will have a new account on their credit report. This new account will add to their credit history, potentially helping their score in a minor way. Opening a new account will also increase the total amount of credit extended to the cardholder. Given a fixed amount of debt, the new credit will lower the cardholder’s debt to credit ratio, which will also serve to improve one’s credit score. [click to continue…]