Comments on: Credit Card Bonus Offers: $1300 Worth of Deals!

By: joe

joe — Fri, 07 Oct 2011 15:53:02 +0000

NOT BONUS money! I carried over $100,000 of credit card debt for one year while the money was in a C.D. and when the C.D. matured I cashed in for over $4000.00. However because a few of the cards were at a low rate of 1.9% most of them were 0%. I only profitted $3000.00 Those days are over though. The banks got smart and attached a 3% fee to all balance transfers. Now I just go for the bonuses. To date in 2011, I have accumulated about $6000.00 in bonuses using my wife card and mine and also business cards in each of our names. There are some really really good offers out there, especially if you own a business and can use a card to pay for you bills or inventory with. I have so many points built up on the spg card and the marriot card I doubt I’ll use them even by next year. I’ll have to force myself to go on vacation just so I use the points before the annual fee is due. This is a hoot.

good luck, Joe

By: Suzie

Suzie — Sun, 10 Jul 2011 00:09:17 +0000

Joe I’ve been taking advantage of credit card bonuses for a few years also, I avoid the balance transfer offers because of the 3% fee. the days of getting 4% on a C.D. You’re right the credit score only takes a temporary hit.

You mean you got $1000.00 in bonus money

By: joe

joe — Wed, 30 Mar 2011 21:55:49 +0000

I’ve been doing this for years.. right now I have about $750.00 worth of dining cards waiting to be used. U gotta love it. Sure it bumps your rating down a bit but it always comes back up in a few months . Several years ago when they were offering the balance transfers at 0 % interest with no fees for 12 to 18 months at a time, I used my wife and my name to get over $100,000 worth of money. I put it in C.D.’s paying 4.25 % and made about $3000.00.. Always making the paymwents on time and watching it very carefully. It’s a hobby of mine.

By: nickel

nickel — Wed, 21 Jul 2010 17:57:02 +0000

Winwin: thanks for your clarification...the offer has been updated. Dinesh: it depends on how you plan to use the card. You should try to avoid carrying a balance in which case you could go for a no annual fee rewards card which allows you to earn points or cash back on purchases you'd otherwise make anyway. You can see the list of best credit card offers here.

By: winwin

winwin — Thu, 26 Nov 2009 00:39:53 +0000

A clarification on the Citi Forward card with the 6K + 5K signup bonus: the enrolling link shows that the bonus is after $250 in purchases within the first 3 months, NOT $50 as listed on this site (still love this site though ).

If anyone sees anything different, please post. Thx!

By: Dinesh

Dinesh — Thu, 25 Sep 2008 03:48:57 +0000

Nickel, one more quick question, what would be my best bet for a new credit card with no annual fee, (I’ve no credit history as yet), kindly advice. Thanks for your anticipated response.

By: nickel

nickel — Thu, 03 Jul 2008 13:48:50 +0000

Joe: I just tried to reply by e-mail, but the message was returned as undeliverable. In short, you should qualify as long as you can get approved for all of the cards. Your best bet is to apply for them all in rapid succession, and to do so online as opposed to talking to a rep.

By: Joy Markota

Joy Markota — Thu, 03 Jul 2008 06:21:38 +0000

Can I get 1 $100 gift card form Starwood Business, and a 2nd $100 gift card for the regular Starwood cad?

Also can i get 1 $50 card for Amex Preferred Rewards Green Card and then get a $50 card for the Business Green Rewards Card from American Express.

A rep said no, but has anyone got actual experience?

By: Jon

Jon — Mon, 02 Jun 2008 22:47:52 +0000

I fear that the Discover Business $100 bonus offer may be no more. I applied and got approved, but the rep didn’t know anything about the bonus. Also, I don’t see it mentioned anywhere on Discover’s site. Just a warning. Let’s hope I’m mistaken, otherwise I’ll have a useless card…

By: MaximizingMoney.com

MaximizingMoney.com — Tue, 20 May 2008 14:45:34 +0000

Looks like a lot of the major issuers are moving towards higher purchase requirements, where you’ll only receive the bonus after $600 or $1000 in purchases.

It makes it a little more difficult to take advantage of multiple offers, as you really have to plan to spend that amount of money, unless you can spend that much on the cards through bill payments and necessities alone, but that’s still difficult if you’re trying to take advantage of 3 or 4 cash bonus offers at once.

I guess too many people were getting the cards, making a $0.50 purchase to get the bonus, and then never using the cards again, so they hope to get you into a spending pattern.

They’re still great offers though, but it’s probably only reasonable to apply for 1 or 2, unless you just feel like going spend-crazy on your credit cards.

Thanks for the information, Max

By: Gander at BigBrood

Gander at BigBrood — Tue, 08 Apr 2008 03:40:27 +0000

Thanks for that list but yikes! I already feel like I have too many credit cards. I’m with Ron @TheWisdomJournal. I’ll pass this time, but will keep it in mind once we get our stupid debt paid off.

Hopefully there’ll be even better deals by then (of course, we may also all be driving flying cars and have robot maids by then

By: kimiyasdad@yahoo.com

kimiyasdad@yahoo.com — Mon, 07 Apr 2008 21:05:33 +0000

i already have the starwood prefered business card and got the amazon goft card. am i able to get the regular starwood prefered card too and get another amazon card?

By: Jesse

Jesse — Mon, 07 Apr 2008 20:20:14 +0000

Wow those are some great deals: I wonder how many/at what point the hurt on your credit score outweighs the monetary benefits…

By: Ron@TheWisdomJournal

Ron@TheWisdomJournal — Mon, 07 Apr 2008 18:42:00 +0000

I’m on a credit card diet right now so I’ll pass, but dang! That’s a lot of cash!

It must have taken a while to write this post with all those pics! Wow!

By: Dividend growth investor

Dividend growth investor — Mon, 07 Apr 2008 14:33:51 +0000

I love free money. Thanks for sharing this with us