(I wasn’t paid for posting this, nor do I have any economic interest in you opening a credit card. I actually think this is a sweet deal worthy of your time. Nice guy blogger.)
As I sit here, I wonder if I really need another credit card. I don’t. I have several, many of them the casualties of rapid churning.
It was fun for awhile, but I’ve exhausted most of the offers out there. And now I’ve got something close to $100k in limits I’ll never use — I live on less than $20K a year.
Despite this, I opened another credit card last night. Why?
Free money, yo!
Bank of America has an offer that’s hard to beat. The BankAmericard will give you $25 per quarter just for paying your bill on time with a payment greater than your minimum payment. There are no other rewards, nor an annual fee.
So what do you do?
1. Set up an automated bill
2. Set up an automated payment on the BankAmericard
3. Every 3 months get $25 in cash, tax free!
Adverse selection in action. Customers like me are certain to be unprofitable — but, hey, that’s not my problem.
Anyway, if you’re interested in taking advantage of this deal, check it out here.