How to get paid for using a credit card each month without it costing you one cent!
First, search for a credit card that will pay you back something for using it each month. Discover offers 1-3% cash back. Some cards give you air miles, Marriott Rewards gives up to on week hotel accomodations every year. The card should give you rewards or cash back so you can gain the maximum amount of benefits.
Second, lower the available credit limit on the card to what your monthly budget is so you wont be tempted to over spend.
Third, put all your monthly expenses on the card including utilities, phone, whatever can go on it. Food, gas, entertainment, the more you charge the more you will get back from the credit card company as a reward.
Fourth, the day before your bill is due pay the entire balance of the card eliminating any interest costs.
Fifth, keep all your cash flow sitting in an all in one account driving down principal balance and reducing interest costs on your largest debt.
Sixth, take 10% of whatever rewards you get from the credit card company and give them to someone in need as a firstfriut offering.
