How To Make Money Off Of Credit Cards - Make Money With Credit Cards How To Make Money Paying Off Your Cred : Card issuers and networks make money in different ways.
How To Make Money Off Of Credit Cards - Make Money With Credit Cards How To Make Money Paying Off Your Cred : Card issuers and networks make money in different ways. . Here is a breakdown of each. Put your credit card payoff money in the savings account. When redeeming your points for gift cards or to pay for things, the redemption value is equal to $0.01. Say you have three credit cards with balances of $700, $1,500 and $4,000. You're only paying back the amount you actually borrowed. After the move, she got serious about paying it off. Depending on the type of card you get, you can earn 1 percent or even 5. Companies like raise and cardcash let you sell gift cards for as much as 92 percent cash back. Your total between the bonus, the cash back and the interest: Pay off the card with the smallest balance first, then take the money you were paying for that debt and use it to pay down the next smallest balance.