Free Money without a Catch

When you hear about free money, there’s usually a catch.

A free mobile app? They’re selling your data. A free sample? It’s just to get you hooked. A free trial? Hope you remember to cancel before the charge hits.

Credit card rewards? They can be free money—if you play the game right.

Let me first explain how credit card companies work before I share what you need to do:

Why Credit Card Companies Give You Free Money (And How They Make It Back)

The answer is simple: they make way more than they give you.

Here’s where their money comes from:

• Interest: when someone carries a balance, they pay crazy interest rates (often 20%+) 

• Fees: Annual fees, late fees, balance transfer fees

• Merchant fees: Every time you swipe, the store pays them 2-3%. 

Companies gives you free money, so that you use their card when they swipe.  Then they hope that you slip up - overspend, carry a balance, or miss a payment.

So how do we keep those sweet rewards without giving it back to them?

The Rule for Free Money

The key to keeping rewards free is simple: Always pay your balance in full

• Log in every month and pay off your card—every single cent

• Set up autopay for the full balance so you never forget

• Never chase rewards by spending more than you normally would. A 5% cashback deal isn’t worth it if you’re spending money you wouldn’t have spent otherwise.

Play the game right, and you can get free money.

Ready to Start Winning the Credit Card Game?

Find your next credit card here: https://joinluci.com/