If you’ve used a credit card within the past century, you’d know many rewards come with using one. For any given card you’ll be given a primary benefit like Cash Back or Travel Miles for every single purchase you make. This makes attaining a credit card much more enticing for the user. There is another significant benefit of owning a credit card, and that is the initial credit card bonus, which in many cases can give you lump-sum rewards of anywhere from $100-$2000 in rewards (miles or cash back).
Quick Ways to Get these Credit Card Bonuses
As a selling point, credit card companies like American Express will offer varying bonuses at any given time. Guys like Doctor of Credit and Nerdwallet have worked to find out when these bonuses shift around, and we recommend you take a look there for that type of information. Rewards, in general, require you to spend a specific amount during a particular amount of time. For the higher spending bonuses ($5,000+) they seem somewhat unattainable, but some hacks will help you get these bonuses rather quickly!
For those looking for a credit card that offers a unique annual bonus, we recommend you try Barclays Arrival Premier card. You earn a yearly bonus and don’t have to spend or necessarily have to use these hacks to attain the bonus. For more information check out our review of the card here.
1: Use Credit Card to Pay Bills
Credit cards offer some of the best reward options out there. Get Cash Back for spending money on stuff you bought, earn trips through miles/points, and receive other benefits like car rental insurance. Paying bills with a credit card is sometimes not a good idea if:
- You have more debt than savings
- Are charged for using a credit card
- Have credit cards without any reward or bonus
We’ve partnered up with a company called Plastiq. They enable you to pay taxes, rent, and other bills typically used with a checking account. They do however charge up to 2.5% (smaller fee if it’s a debit card) in fees. On the other hand, paying more substantial costs like Rent and Taxes could earn you a credit card bonus almost instantaneously! For example, one credit card would give you 25000 travel points if you spend $3,000 in 3 months.
By paying your taxes or rent, you could quickly get the bonus just by using Plastiq on Rent or Taxes!
When Using Credit Cards for Bills is a GOOD Idea
Using a credit card(s) for bills makes sense for a lot of reasons. Here are the main ones:
- You are close to a massive credit card bonus
- Are not charged for using a credit card to pay
- Pay off credit card debt monthly
- Have a credit card with great rewards
2: Pay for Daycare using the Credit Card (For those applicable)
If you have kids and you have to go to work, you probably place your kids in daycare. For those unaware, daycare is a massive expense. Sometimes bills reach up to $2000 a month…per child! If you were going to write up a check for these types of costs, you are mostly losing out on free rewards and money by not using a card here.
3: Treat Credit Card as if it were a Debit Card
It’s easy to get lost in the debt that credit cards come with. Every time a credit card has been swiped or inserted into a card reader, you are essentially letting another company bill you at a later point. It’s not your money you are spending, rather debt you are accumulating. Credit Cards are certainly tools to help you gain rewards, increase credit, or perhaps purchase things that are essential to your life, including medical bills.
However, if you don’t pay off your card daily, weekly, or monthly you may tend to let a balance keep growing until it’s totally out of reach for you or your family. It’s a scary situation to be in, and one that will change your financial dependence.
The Solution Has Arrived
Sure you can pay your bills easily through the dashboards that most of the credit cards come with, and we are actually big fans of American Expresses’ Easy to Use interface, but can it be any easier?
Debitize, a new company that is revolutionizing the way you utilize credit cards is here. The app can be summed up easily: Turn Your Credit Card into a Debit Card…FREE
Debitize your credit card + get $10 to try it!
The app is one way to make sure ensure you spend wisely, but also increase your credit and boost reward (i.e. Miles and Cash Back) potential! Link it up to apps like DOSH and Spent and keep the rewards flowing!
Confused on How Debitize Works?
The app works through the cards you link to your service, all you have to do is:
- Link Applicable Cards (One’s You Spend Money on Daily)
- Debitize Deducts the Charges from your Checking Account for Each Charge
- At Month’s End the Credit Card Bill is Paid Through Debitize in Full
You can unlink any card at any given time, plus with 256 Encrypted Security, you’ll be pleased to know it’s all safe for you to utilize.
One user was said to increase his credit score by 30 points in 3 months by utilizing Debitize! Time for you to increase your score and boost those points now!
Want an alternative to Debitize? Debx – A newer app that works in a similar fashion and is also backed by 256-bit encryption so it is secure.
4: If you haven’t reached it yet, don’t
The final tip here is that if you can’t reach the bonus doing what you have been doing for several months or years, then don’t overspend to get the bonus. It’s not worth changing your lifestyle or spending habits to reach a bonus. Sure you can buy that expensive Apple product and reach it instantly, but then you’ll have a hard time paying it off. Just don’t!