In order to meet our budget, my family must earn at least $400 a month from alternate sources of income. There are many sources of this income – some of which I hope to be detail in the coming year. Our #3 source of alternate income in 2007 was credit card bonuses. We earned close to $1,000 just from credit card bonuses alone – equivalent to our alternate income for 2.5 months. With most cards, we double our money when my wife and I apply separately.
We plan to make $200 from the American Express Preferred Rewards Gold Card in the next month when we both apply for cards. American Express is offering 10,000 points that can be redeemed for a $100 gift card when you spend $500 in your first three months. $100 gift cards can be exchanged for 10,000 points from Home Depot, Gap, Bath and Body Works, Land’s End, Banana Republic, Nike and many more. You can even receive a $10 or $25 card from several different stores if you desire. Our budget is most helped by Gap and Home Depot cards.
This card does have a yearly fee, but it is waived for the first year. We just cancel the card before the fee is applied. Just apply through this link and you will be on your way to $100 to help with your after-Christmas blues.
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