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?
Chase Rewards Equals Less Debt
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