Credit Card + Savings Account Exploitation Technique

March 5th, 2009

Are you tired of banks being so generous? I am. They’re always looking for ways to save you money and even give you some back. That must be the case because they provide ways to do so, without breaking the rules. One great way is to team up a reward/dividend credit card with a high interest savings account. Make all your purchases (especially big ticket items) on the card and when you get home, transfer the same amount into the savings account online. When the bill comes, pay for it on the due date from the funds in your savings account. DO NOT carry a balance. This way you earn the card’s rewards and earn interest every month on your purchases. Gotta love those generous bankers!

Update: I’ve written an in-depth article about this technique called The Noprobo Free Money Method.

Image Credits: Andres Rueda & GeorgHH