Make MONEY With Credit Cards

Researching how to make money with credit cards? Duane here with how to build credit TV and in this video I'm gonna talk to you about how to make money with credit cards More specifically I'm gonna talk about 3 ways that you can make money with credit cards

These are actually the three ways that I use currently to make money with credit cards but before we get started I have a quick message Once again my name is Duane with how to build credit TV This channel offers 100% free information about how to build credit, how to get cash back actual cash money from using credit cards, as well as credit card reviews We also talk about everything you need to know about credit Whether you're looking to establish credit, build credit, rebuild credit or learn more about the FICO score and how it is comprised so you can increase your credit score

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So the first way that you can make money with credit cards is with the sign up bonuses The sign up bonuses basically worked this way, you apply for a card and there is normally a minimum spend or spending requirement that you need to meet A simple example of this would be like if you apply for the Capital One Quicksilver card There is a $150 signup bonus that you get if you spend $500 within the first three months of having the card open That is a really easy spending requirement to meet because 500 bucks in three months, you can pay your cell phone bill, your car note, your cable bil,l your internet bill

Basically right there alone you should able to get to $500 definitely within three months if not two months Okay depending on how much your bills cost So that's one type of sign up on this where you get cash back when you meet a certain spending requirement and it's actually different amounts of cash back depending on the credit card that you're getting like if you get a business credit card the spending that the spending requirement that you have to meet would be a lot higher but the cash back would also be higher For example you would have to spend like $4,000 if you had a business credit card with I with I think Capital One and you spend up to four thousand dollars within three months you can actually get back $500 from Capital One Now don't quote me on this but do your own research and go to the website if you're interested in looking that up

But there are a lot of different types of sign up bonuses There's also sign bonuses for credit cards that have like points towards redeeming a night at a hotel Like if you get a credit card that is like a hilton card and you use the credit card and every time you use the card you get points towards being able to get a free night at a Hilton Hotel There's also signup bonuses that go towards travel points For example Chase is one of the leading credit cards when it comes to traveling and travel signup bonuses

So basically you would you'd meet whatever the spending requirement is and then you would get 50,000 points or a hundred thousand points or however many points that they're offering and you can redeem those points towards travel And that could be a plane ticket, that could be a lot of different things depending on the credit card that you're applying for so that's the first type of way that you can make money with credit cards is by getting a credit card and meeting the requirements so that you can get the sign up bonus The second way that you can make money with credit cards is by using your referral links or by referring people to join or get that particular credit card For example I have the discover it secured card right now and I've used that card to get a lot of cash back which is my third way to make money with credit cards But if I send out my link to people about the Discover card not the Discover secured card but just the regular Discover card and they sign up for the Discover card with my link they actually discover we'll give you $50 credit on your first statement or a link when you make a purchase with it within the first three months

So you'll get $50 statement credit and I'll also get you $50 statement credit That one's kind of the smaller one, there are cards like chase where basically like the Chase Freedom Card I have that card If I send you a link or if you sign up for the card using my link you can get up to $100 per referral and I think chase caps it off at $500 for the year So basically when you get five referrals or five people to join or get the Chase Freedom Card using your link you actually get $100 for each person that joins So that's another way that you can make money with credit cards and it's pretty simple and straightforward

Especially if you know people that are looking to get credit cards or if you actually have a credit card that you like a lot and you just want to share it with someone so that's the second way that you can make money with credit cards is by using referral links The third and final way that you can make money with credit cards is my favorite and that is cashback Cashback basically works this way you sign up for a credit card and they have different deals For example the Quicksilver card is an unlimited amount of cash back and you basically get 15% cash back on all your purchases

It's real simple its straightforward, there's no thinking, there's no worrying about what you have to do or what categories or what purchases you can make to get more cash back So that one's simple another one that's like that would be the chase freedom unlimited card Same kind of deal it has a sign up bonus of $150 just like the Quicksilver card but the the cashback that you get is 15% cash back on all your purchases The one that I like a lot is actually the Discover Card because the Discover card actually you earn 5% cash back on certain categories but discover also has a way that you can get more on different purchases

Like they have something called discover deals and you can actually use that to purchase other things like with Nike and Walmart and Apple and Neiman Marcus and the finish line and foot locker There's a lot of different retailers that work with Discover card and you can use the discover deals Go to the discover site and go through their site to purchase whatever you're purchasing with Walmart of Apple or finish line or Foot Locker or whoever wherever you're trying to buy something But that's another way that you can get back five percent cashback instead of 15 percent

So that's what I'm currently using at the moment and I'm actually a little over five hundred dollars I think I'm up to five hundred and twenty nine dollars in cash back with my Discover Card I'll be sure to put a video at the end of this video where you can watch where I show you proof that I'm actually able to make over five hundred dollars in cash back with my Discover card So those are the three ways that you can make money with credit cards You can do sign up bonuses, you can have referral links and you have regular good old cashback Okay so thank you so much for watching this video

If you want to know more about credit cards or anything about credit feel free to have a look at our channel We talked about everything you need to know regarding credit whether you're looking to establish credit, build credit, rebuild credit or learn more about the FICO score and how it is comprised so you can increase your credit score If this sounds like something which you're interested be sure to subscribe to our channel and click the notification bell Thank you so much for watching this video until next time take care and be blessed Peace!