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Updated about 7 years ago on . Most recent reply

User Stats

21
Posts
6
Votes
Bobby Thompson
  • Investor
  • Watertown, MA
6
Votes |
21
Posts

Using Real Estate Purchases to Earn Credit Card Rewards Points

Bobby Thompson
  • Investor
  • Watertown, MA
Posted

Hey BP, I recently started following a few Youtube streamers that analyze credit card rewards systems and suggest strategies to earn cash back, skymiles, and points (AskSebby, BeatTheBush, and Credit Shifu). All of their strategies depend on you paying off your full balance as soon as you can. I don't think there is any good that can come from carrying a balance.. 

I started dabbling in maximizing my rewards using the Chase trifecta at the start of the year. So far so good. I'm also researching a Home Depot card to add the mix. My goal is to pay for any scouting or signing trips with just rewards points in 2018.

I would imagine that you can really rack up points and/or churn through signup bonuses if you charge major purchases and expenses through rewards cards and then pay them off immediately. Has anyone had any luck with these types of strategies? 

Most Popular Reply

User Stats

2,953
Posts
4,475
Votes
Alexander Felice
  • Guy with Great Hair
  • Austin, TX
4,475
Votes |
2,953
Posts
Alexander Felice
  • Guy with Great Hair
  • Austin, TX
Replied

I do this a with BRRRR.

I try and get a bunch minimum spend cards around the time of my rehabs and put it all on credit card, pay them off with the refi money and collect the points.

@Lee Huffman taught me a everything I know about it. maybe he can give some insight

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