Cash Back instead of Miles
Back in May, I wrote a post on “Cash Back instead of Miles”. I want to show you my success because I received $315.09 for my last BIG FAT CHECK from ebates. In order to earn the BIG FAT CHECK, you go through ebates.com to your favor retailers and earn the cash back.
I am big fan of miles instead of cash back because I love to travel in style on business class or first class, which makes the value of my miles much greater than cash back. If you want to earn miles fast, you might need to change your shopping habits.
- Earn the sign up bonus from credit cards by spending the required amount within certain time. Most common offers are 50,000 bonus miles by spending $3000 in 3 months, and waive the first year annual fees of $95. A lot of people asked: “Can I close the account right away after I earned the bonus miles?”. Yes, you can, but I do not recommend to close the account so soon because it might lower your credit score due to the short term credit open. I usually recommend to close it after 12 months, when you get charge of the second year annual fee. All banks will refund back your annual fees within 30 days from the date that they charge the annual fee. Please remember to keep at least 2-3 credit cards with no annual fees to maintain your long time credit record.
- Use multiple credit cards in your spending to maximize your miles earning for your daily expenses. There are 3 major expenses that we cannot escape in everyone’s life. They are gasoline for your vehicle, groceries for your food, dining and travel for your life. I use Chase Freedom Card for gasoline 5X ultimate rewards, Citi ThankYou Card for dining and travel 3X ThankYou points, and Amex Blue for groceries 3X Amex membership rewards.
- Online shopping via your airlines royalty shopping mall is the best way to earn more miles. No matter what kind of shopper you are, you can earn miles on online shopping mall via the airlines royalty shopping mall. If you are a tech gig, you can earn miles on Apple, HP, Best Buy, Microsoft, and more. If you are a home maker, you can earn miles on Home Depot and Lowes. If you are a big spender in appeal, you can earn miles on Nordstrom, Macy’s, Neiman Marcus, Kohls, JC Penny, and more. Besides airlines royalty shopping mall, you can also earn more shopping rewards in Chase Ultimate Rewards and Citi ThankYou Points sites. If you are an online shopper already, make sure you go through your airlines and bank shopping mall before you visit your favor retailers. Just one more step and this step will change your miles multiple in a big way. For example, recently United MileagePlus Mall has a 12X bonus in Macy’s. If you go to Macy’s online directly, you will not earn the extra of 12X bonus miles that MileagePlus Mall offer.