Monday, July 4, 2011

Quick "Moneymaking" Idea

Do you have a rewards credit or debit card? If so, when was the last time you checked on your rewards situation?

I have a rewards credit card, and Peanut and I share a checking account and credit card that earns points - since we put everything on our credit cards and pay them off every month, we've built up quite a large rewards number, and this weekend we cashed everything in. We "made" $255 in cash and $50 in a Target gift card (the gift card/cash combo at one bank was the best way to maximize the value of what we were getting back). We try to let the rewards points build up to get the best value for the reimbursement, but not leave it too long because the bank can change their policies and you just lose all of it.

I also transferred most of the money in my Paypal account to my checking account, because Paypal has such a nasty habit of deciding that transactions are "iffy" and then locking down your money for as long as they want. I'd built up over $130 in Pinecone payments, so I decided to move them somewhere I can actually use them.

What will we do with this money? We'll go out to eat! We're looking forward to going to some restaurants that are normally outside our budget, and having a nice date.

When was the last time you went and found "free money" hidden in your accounts?


1 comment:

  1. This actually happened to me when I booked my trip to Bermuda. All I had to do was book through CitiBank to use the points I had accumulated. That easy!

    Also, just a suggestion: Restaurant.com does these reduced-price gift certificates. Just type in your zip code and look for a restaurant in your area that's participating and you could get a $25 gift card for $10. Sometimes they run specials and you can get a $25 gift card for just $3. We've tried MANY new restaurants this way. There is a minimum spend, but it's easy to hit with two people. My aunt swears by this site!

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