The financial crisis of 2007-2008 resulted in millions of dollars in losses for banks across the world – an event which was dubbed ‘The Great Recession’ by many. Despite this, financial institutions have spent trillions of dollars reaping profits from their investments and derivatives. Why? Because they know a revolutionary method that can make them rich overnight – one that even banks don’t want you to know about!
1. Get the Most out of Your Bank Account
It is crucial that banks’ offerings are not neglected. From checking and savings accounts to credit cards or even debit cards, there is a wealth of options available for managing money in an efficient manner.
With checking accounts, you’ll enjoy discounts on ATM fees and surcharges – typically up to $20 each month. If you’re seeking a more exclusive experience, consider opening an elevated account with higher minimums for access – typically ranging from $1-$2K. At the higher end of this spectrum would be the Chase Sapphire Reserve card! This premium offering boasts a lavish array of perks such as airport lounge access and travel services; all without incurring any additional cost whatsoever!
It’s no secret that credit cards can open doors of opportunity for consumers. In addition to providing them with immediate rewards, these plastic representations also grant users access to enticing bonuses such as cashback payments and free entry into special events. With the right combination of utilization requirements and timely payments, you can easily achieve optimum results!
The most popular form of electronic payment is undoubtedly debit cards. These units allow users to draw out funds directly from their bank accounts, eliminating the need for extra sums (such as cash) than necessary when making purchases. While they may seem simple enough at first glance – however; maintaining satisfactory levels of spending must remain constant if one wishes to sustainably reap financial rewards!
2. Make Extra Money with the Way You Pay Your Bills
Quite often, when you make a purchase with your debit card or credit card, the transaction will appear on your bill in the same month.
Rather than just sitting back and letting that one expense roll over into another month, why not profit from it? You can ask your bank to defer any bill due dates until after your next earnings period – thereby giving you more time to complete your business transactions with ease! This strategy may not yield an immediate return, but if utilized judiciously this could prove invaluable in the long run!
3. Use Your Card More for Rewards and Shopping
In order to maximize your rewards, be sure to use them! Some cards offer opportunities such as cash back or travel points that can be put to great use. This is a good method of increasing your earnings potential and should be utilized at every opportunity possible;
Additionally, make sure you utilize those points and rewards when traveling. Even if it means taking advantage of an airline’s payment plan for purchasing tickets compared with paying in full with credit card; utilize it whenever possible!
The savvy traveler knows how valuable rewards are, so why not utilize them? If you are like most individuals, then utilizing your rewards and shopping incentives may very well be the best way for you to increase income streams in your life.
4. Always Have a Backup Card to Pay Large Bills
If you are in a pinch and find yourself having trouble paying for an extremely large purchase, don’t despair! Sometimes it may be prudent to employ a secondary card in order to accomplish this, rather than opting for cash or another credit card.
If you’re faced with the dilemma of owing $1,000 on your bill, do not fret if that amount exceeds your available credit limit; just utilize another payment method such as a debit card instead. If that fails, there is always the option of procuring cash – which could prove to be an inconvenience depending upon where you reside! Therefore always keep at least one backup card handy for these situations!
5. Find a Way to Cash in on Gift Cards
Are you presently lamenting the fact that your bereaved relative hasn’t yet honored to offer you any of their unused gift cards? Don’t despair – there’s still hope!
With a little sleuthing, you could discover that those gift cards may be worth something. Before they expire, simply shop around and select those with the highest value. Resell them on an exchange platform like Ebay or Craigslist!
Once you sell off these cards, Google ‘gift card prices’ and you’ll find out just how much money you can make. Who knows, it might even exceed what you initially paid for them!
6. Challenge Your Bank to Give You More Money
Consider adopting a method of payment you haven’t utilized before, in order to earn cashback or points from your bank. For instance, it might be possible for someone utilizing PayPal to accrue funds by simply making payments online with them instead of using their own credit cards – after all, there’s always the possibility that these ‘fat’ fees may be eliminated!
Strive out for an alternative form of payment that is better suited to your situation and budget. Perhaps one of the uses of Bitcoin could be just what you’re looking for? Or perhaps you’d like to try out Skrill because they offer no cost international payments while also offering several services not offered by most banks; including sending money directly to mobile phones and providing direct deposit functionality – both things which can prove beneficial to the unbanked population!
By giving your bank a taste of its own medicine, you may find that they are more willing to grant you with more favorable terms on future transactions.
7. Don’t Believe the hype and Fees
The average credit card processing fee is about 2.5%, but that number can vary depending on the type of transaction and where it takes place.
For example: Paying with a credit card may be more costly than using cash or an electronic check because those fees typically accrue each time you use your card for its intended purpose.
Payment processing fees are categorized by the type of payment system utilized (credit, debit or prepaid); by the type of account from which funds will be drawn; and even by the machine at which they were collected.
Conclusion
The truth is that we don’t possess the time or expertise to comprehend the ins and outs of every single online income opportunity available. That’s why our team has diligently assembled this compendium of cash-generating methods – so you can get started on your journey today!
The abundance of options for making extra money can be overwhelming, but don’t panic! We’re here to help you navigate the process. For example, let us know how we can assist with setting up your blog or offering assistance with other moneymaking ventures such as investing.
Creating an abundance of revenue streams should be your goal, after all! As long as we continue to submit our work and invest in ourselves, there will always be opportunities to expand our income.
