No. of Recommendations: 1
serrow: Your plan isn't really anything new. Your particular card gives a 1% rebate in the form of savings bonds. Other cards do airline miles, store gift certificates, etc... If you shop for credit cards, you may find that others may even be better than your 1% rebate card.
'Frinstance I carry a Juniper Platinum MC that has a tiered rebate structure. Once you accumulate over $10k in charges over the year the rebate goes up to 2%.

FWIW, I thought about charging savings bond purchases as well, to take advantage of the rebates like you describe. Seems like a solid plan.

Also, when you buy savings bonds this way, buy them *after* your monthly billing cycle date, but *before* the end of the month. Since savings bonds are dated by the month, you can score some extra cash flow by buying the bonds at the end of the month.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.