“Yolo” is your credo. Over the past two months, you shopped, merried and rang your credit card to its limit. The card’s been swiped so much the stripe on the back is hot to the touch.
You’d like to pay off the card to avoid paying interest, but you’re out of cash. YOLO!!! Yes, I remember. Please don’t shout. You only live once – so why cramp your style digging yourself a hole paying 10, 15, 25% interest on your purchases?
If you are a YOLO dude or dudette, don’t start the New Year paying interest on a credit card. That is soooo 2014. You need a new card that allows you to transfer your current balance onto it. You can save yourself hundreds to thousands, depending upon what kind of hot mess you Yolo’d yourself into.
Would you spend $500 to get $225 tax-free cash back? For a limited time – you can! Chase just increased the sign-up bonus on their Freedom card from $100 to $200 cash back. They also sweetened the pot with an extra $25 if you add an authorized user. The card has 0% interest on purchases and balance transfers for 15 months. See details below.
This is the Visa that I carry in my wallet. It never has an annual fee. You always get 1% cash back on everything. You get 5% cash back on various categories that change every three months. For example, now through December 31st you get 5% cash back at Amazon.com, Zappos and these Department stores. January 1- March 31st, it is grocery stores, Starbucks, and movie theatres.
To get the bonus, you need to meet the $500 spending requirement in the first three months your account is open. That might be pretty easy to do by just paying your phone, internet and cable bills. $500 in three months is an average of only $5.55 per day. Like I said, it’s pretty easy to achieve.
Remember, you don’t have to give a card to an authorized user. You just have to give a name that gets printed on a card for the authorized user to use. Maybe you get one for the President or First Lady. It’s your call.
It seems quite fitting that I am writing this post from eight miles high, on a Delta flight, with a ticket I purchased with 25,000 frequent flyer miles. I received those miles as part of a bonus for meeting the spend on a Delta SkyMiles American Express credit card.
They have increased their sign up bonus to 50,000 miles + a $50 Delta statement credit (usually it is 30,000 miles). The catch: You must apply by Monday, September 8th and then spend $1,000 in the first 3 months of having the card. Click on Chip’s Favorite Credit Card Offers for up-to-date deals, terms, and conditions on these cards and more. Email me if you have any questions.
The same deal applies for the business credit card. If you want to apply for both the personal and business cards at the same time, check out Results of My April “App-Aloosa” for tips on how I did it in the past.
Remember that you can no longer get the sign-up bonus on a Delta SkyMiles
You’re not a maroon. You see a sweet sign-up bonus for a credit card. The bonus is yours if you get the new card and spend a thousand dollars or so in the next few months. AWESOME! But, $1,000?!! You realize it doesn’t make sense to waste $1,000 on stuff you don’t need, just to get a free plane ticket or points worth $500. What do you do?
Use your new card for purchases where you’d normally use cash. Then pay off the new card with the cash you would have used in the first place. If you are afraid that you will use a card to spend money that you don’t have, I suggest signing in to your card account online and paying off the card balance as frequently as you wish – even daily!
$1,000 divided by three is only $333.33 per month or $11 per day. You can probably reach that spending requirement using your new card only paying the bills for your telephone, internet, cable and groceries.
I use my credit card everywhere for everything – instead of cash. I use a card for any purchase I make online or in stores. Heck, I just used a card to buy a banana at 7-11. I use it EVERYWHERE possible. I don’t write checks. I don’t use a debit card. A credit card puts a firewall between my money and other people. The only things I have not been able to pay with a credit card, without being charge a fee, are my mortgage, property tax and natural gas bills.
2) One Fell Swoop
Maybe you are like me. You’d rather not upset your system by involving another card. You already pay for everything with a credit card, and then pay the card off in full. Some of the bills are automatically charged to your credit card. Instead of getting 10
For a limited time, Chase United MileagePlus Explorer card has increased its sign up bonus to 50,000 miles after you spend $2,000 in the first three months. But you must apply by September 2nd.
You will get an extra 5,000 miles if you add an authorized user in the first three months. Instead of adding your cat Mr. Tibbers or The President, this may be a good emergency credit card for a college student.
The sign up bonus is usually 30,000 miles, so this is a sweet deal. If you are like me and got this card a couple months ago, call the number on the back of your card and ask if they will honor the 50,000 mile offer. They did for me!
This card comes with many perks:
- Free checked bag (up to $100)
– Priority boarding
– No foreign transaction fees
– TWO United Club lounge passes per year
– The $95 annual fee is waived the first year.
– Any Seat, Any Time. Cardholders have access to award seats that non-cardholder riff-raff scum does not!
50,000 miles can get you two round trip coach tickets!
If you are concerned about meeting the $2,000 spending requirement, there are many ways to achieve that, frugally. I use a credit card to pay for everything possible, then
A trip across the country is now affordable – assuming free is in your price range. Here’s how to get flights and multiple nights in a swanky hotel for zip, zilch, nada.
You can pull this off with Starpoints. To get a bunch of Starpoints, there are nice sign-up bonuses with Starwood Preferred Guest (personal and business) cards.
This offer will give you 10,000 bonus Starpoints for spending $1 and 15,000 bonus Starpoints for meeting the spending requirement within 6 months. You get a point for every buck you spend. Spending $5,000 within 6 months will give you 25,000 Starpoints. The fine print says “This offer is also not available to applicants who have had this product within the last 12 months.”
If you and your significant other, gal-pal or homeslice each get a card and meet the spending requirement – you’ll have enough Starpoints for two round trip flights and multiple hotel nights. I type from experience. I’ve done it! People living at the same address can combine their Starpoints. This is ideal if one is an organization freak and the other keeps misplacing his toothbrush. So, if a husband and wife got their own cards… do the math!
Starwood “Nights & Flights” is a fantastic use of your Starpoints for a
Do you wish you had some extra money so you can take a few days off, throw a little dinner party, or splurge on a remote controlled video drone. After all, it’s almost swimsuit season.
Howsabout $450 & $600 tax-free? That’s the equivalent of $600-$1,200 earned in your regular job before paying taxes.
Generally speaking, a lot of credit cards offer you something if you try them out. Long before I became a credit card expert, I signed up for cards that got me a free baseball, a beach towel, a discount off my purchase at The GAP. That is chump change. When I was checking out at Amazon.com yesterday, I was offered $80 off my order if I signed up for their Visa Rewards card. $80??? No bueno.
Best Bonus Bang For Your Buck
Right now, there are two cards that I suggest for collecting hard cold cash. Both give you bonus points that you can redeem for cash (among other things), if you meet the spending requirement in the first three months of opening the card.
1. Chase Sapphire Preferred (personal card): Earn 40,000 Bonus points when you spend $3,000 on purchases in the first 3 months from account opening. You get an additional 5,000 bonus points if you add an authorized user’s name. You do not have to give the authorized user a card. It is just a name on a card. No other info.
Maybe you get one for Barack Obama or Miggy Cabrera. Some people get a card for their cat Mr. Tibbers, but I don’t go that far.
When you get the card, and meet the spending requirement, you get the bonus points dumped into your account. You can redeem them for travel, hotels, statement credit, or even get a check sent to you. 45,000 points = $450 cash. Tax-Free money!
2. Chase Ink Plus (business card): Earn 60,000 Bonus points when you spend $5,000 on purchases in the first 3 months from account opening. No authorized user bonus on this one. 60,000 bonus points = $600 tax-free! This is an increase of 10,000 bonus points over the usual offer – for a limited time.
In the summer of 1998, there were two movies about an asteroid coming to destroy Earth. TWO! “Armageddon” & “Deep Impact”. The odds of that happening are about as remote as, well… an asteroid destroying our planet, AM I RIGHT PEOPLE?! Pardon me for yelling into the microphone.
Here’s another freakish coincidence – of discounts. Now through June 30th, all THREE cards I wrote about here are giving 5% cash back at Home Depot (Citi Dividend), Lowe’s (Chase Freedom), or Home Improvement Stores (Discover it) up to a certain amount. The 5% cash back is limited to purchases up to $6,000 annually (Citi Dividend) and $1,500 per quarter (Chase Freedom & Discover it). Besides 5% cash back which could total $450 tax free, you could also get $200 tax free in sign up bonuses.
Another 10% off
If you are planning on doing some fixing up around the homestead, please read my post “Craigslist for Coupons = Big Savings”. That will tell you how to find 10% off coupons.
$10,000 for only $8,350
Let’s say you have a
If you’re going to purchase something you need, and someone is willing to pay you tax-free cash for doing so – I say let them!
Check out these cash back cards. Right now, Chase and Citi sweetened the deal with $100 bonuses!
Here’s the scoop: Chase, Citi and Discover have credit cards that never have an annual fee and always give 5% cash back in certain categories. The categories change every three months. We can use these cards to get up to $900 cash back every year – without changing our spending habits. That cash back money is tax free. It adds up!
Instead of using cash, use these cards, get 5% cash back, and then pay off your bill with the cash you were going to spend in the first place.
Click on Chip’s Favorite Credit Card Offers for up-to-date deals, terms, and conditions on these cards and more.. Email me if you have any questions about which card might be right for your situation.
Here are the new categories:
A rash of people in my life have dropped their cell phones in public toilets. How many people in a “rash”? Three.
This post’s title is more than a Spam Catcher’s entrée – it’s true. If you pay your monthly cellular telephone bill with your Wells Fargo personal credit card, you’ll get up to $600 protection (subject to a $25 deductible) against covered damage or theft at no cost. You can do this twice a year. If you need it more frequently than that, what’s wrong with you?
Thinking of gaming the system? Terms and conditions specifically address phones that are lost or “mysteriously disappear.” This coverage is on the primary phone, and up to three secondary phones on the account.
What if you break your phone, take it swimming, or drop it in a Port-A-Let? Your provider doesn’t let you out of your contract. You have to buy a new phone unless you have insurance.
I used to pay Sprint $8/month for insurance before realizing it was a bad plan. If I used