You’ve probably heard of this before, where someone will tell you that you can make money with your credit card, without doing much.  Is it true?  In this economy, it’s a lot harder than before, but it can be done.  I want to give you a few tips, and tricks that you can use in order to make money with your cards.

Look for the promotional rates

Credit cards are notorious for offering promotional rates.  You can sign up for  a card, get a free airline ticket, or even enough points to sign up for a free gift, etc.  If you’re looking for a new card, look for one that’s going to give you something just to sign up.

Check out the discount programs

Many department store cards will give you a hefty discount when you sign up for a card.  For example, a few months back, I had a 10% off coupon at Home Depot.  I was able to take that 10% off coupon in, and I also signed up for their card to save an additional 10%.  This was a total savings of 20%!  Since I was buying a whole bunch of stuff for my kitchen, my $5,000 purchase was only $4,000.

Credit card arbitrage

This is a tricky thing to get into, and it’s very dangerous if you don’t know what you’re doing.  Instead of myself going into detail on how to do it, I will just direct you to this message board thread on how it can be done.  If done the right way, you can really take advantage!

As you can see, you can make money, save money, and do so much more.  Use your head, find a great card, and watch the savings roll in!

Related posts:

1. Comparing Credit Cards for the Best Deal
2. What To Know About Credit Cards
3. Making Your Credit Card Rewarding
4. Taking Advantage of Credit Cards
5. How Cash Back Credit Cards Save