Thursday, July 17, 2008

Credit card rewards

I'm getting my first cash-back rewards check from my Chase Freedom card -- for $200 of credit I'm getting a $250 check! Not bad.

On a related note, I used Chase's online credit limit increase request function to give myself an additional $22k credit. Holy crap! We're in a credit crunch, right? I'm not planning on using any of it until Chase comes through with a great no-fee balance transfer offer. I'm patient. Maybe I should open up a few more cards with Citibank, wait a while, and then increase my credit limits with them.

If I can 10x my balance transfer amount then I'll be making around $25/week even in this low interest rate environment. That is going to trounce my cash-back rewards.

1 comment:

SavingDiva said...

$250 check...NICE!!!