Making Money with Credit Cards

by: Shelley Green

Sounds bizarre I know, but possible all the same. In your wallet or purse you may already have numerous credit cards and would not see the need for yet another one. We are too often advised nowadays not to get too many credit cards. Before you decide to get a new card, think about getting a 0% APR credit card. Think about the current APR on your other credit cards. Using 0% APR credit cards it is actually possible to save money. Make sure you keep an eye on your 0% APR credit cards, especially if you do not pay of the balance each month.

Make sure you watch it and prepare for the rate to jump up. To avoid this happening you can switch to anther 0% APR credit card. There are two methods you can use that should be able to make you several hundred dollars per year, or even more. This is from cash back and also from interest received. Many credit card companies offer cash back nowadays. I would suggest that you only get a credit card with a cash back option you can afford to pay off your credit card in full each month. The reason for this is that a credit card with a cash back option normally has a higher rate of interest and if you are not paying off in full you will end up incurring a lot of interest. If you are finding that you have a lot of debt building up over various credit cards then it may be more sensible to take out one secured load.

You would be consolidating all your credit card debt into one monthly payment and the interest will be a lot lower on a loan that it would be on a credit card. Also this way you will know how much you need to pay each month which will therefore help you to keep track of your financial situation.

Shelley Green is the owner of http://www.fast-ways-to-make-money.com, a site that specializes in Fast Ways to Make Money including tips, advice and also other recommended sites.

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