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Mortgage Chip & Waiting

January 7th, 2014 at 08:45 am

I purchased some ear buds for my daughter on Amazon.com the other day. I still have credit from Swagbucks earnings, so no money out of pocket. But since I put Swagbucks earnings to the mortgage I had to match that purchase with a mortgage chip. It was $7.80. Little amounts add up!

I'm anxiously waiting for our Chase Freedom account to close. When it does I expect to see rewards equal to the bonus offered for opening this card. I believe it was $200...for spending $500 on the card. That's a very nice return.

There are some rebates I'm waiting on as well, one for $50, one for $18, and nearly $30 from Ebates. I know the Ebates one won't arrive until February. I do hope those others arrive this month. I want to make a big dent in our $4,000 snowflake goal early in the year.

We aren't quite to our spending minimum for the current credit card bonus, but I came across a mailing for a US Bank Visa. The offer is $100 for spending $500. There is a bonus of $25 once per year, so really $125. It expires January 13. I will likely jump on this one, since I have never done a US Bank offer. I'm also aware of the $150 offer by Discover for spending $750. My husband and I could both do this one. That would be another $425 for spending $2000. Again...a pretty good return.

I think today will be another no spend day, since I'm home with the girls. How about you? A no spend day?

We don't pay interest on any credit cards, we pay our balances in full. We are charging only purchases we would normally make to get the bonus offers credit cards offer. The bonuses are being applied to our mortgage to pay down the balance. Please do not attempt this type of plan if you are paying interest on your credit card debt.

5 Responses to “Mortgage Chip & Waiting”

  1. rob62521 Says:

    Good use of the credits!

  2. Belinda Says:

    Another no spend day here too. We had another snow day today and have another one tomorrow, so looks like another no spend day for tomorrow too. Smile

  3. scfr Says:

    I've been meaning to mention that I love the "disclaimer" on the bottom of your credit card posts!

  4. creditcardfree Says:

    Thanks scfr! I don't always put the disclaimers on my posts, but I do think it is a good idea to point out. It sure isn't for everyone.

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