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Chase Rewards Equals Less Debt

January 16th, 2013 at 06:24 pm

Yesterday, while I disconnected from the internet, Chase kindly closed our statement for the month and award our account with the promised $400 in rewards!!

Our rewards balance this morning was 43,852, which included previous rewards, regular spending rewards and the bonus rewards. Those rewards equal $438.52 in cash. I decided to apply the rewards to our card as a statement credit, since the card does have a balance in excess of the reward amount. The remainder balance will, as ALWAYS, be paid off before the due date so that we don't accrue zero interest.

Now that I don't have to send in $438.52 to Chase, that money is sitting in our checking account. What to do? What to do? Of course, I sent it in to the truck loan! Are you kidding me? That has been the plan all along.

I actually sent in $478.52. The extra $40 is because of my husband's pay increase. Much of the pay increase went to increase our Roth IRA investments so we can meet the new $5500 limit this year. But the leftover, will go to debt.

The new balance on the truck loan is $4,021.48. After tomorrow's regular payment posts the balance will be below $4K!! Thanks Chase for the rewards bonus or as we like to call them here on Saving Advice...the snowflake.

Did you send a snowflake to debt this week?

5 Responses to “Chase Rewards Equals Less Debt”

  1. Petunia 100 Says:
    1358364075

    No snowflakes to debt, but a snowflake to savings. Let it snow!

  2. Looking Forward Says:
    1358369654

    Yay!

  3. wowitsawonderfullife Says:
    1358378993

    Congratulations on your van loan progress. You are doing a fantastic job!

  4. FrugalTexan75 Says:
    1358382823

    Woot!

  5. LuckyRobin Says:
    1358408215

    LOL, I love how excited you get about paying off the truck loan!

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