You can make $200/month for just having certain credit cards. Verified-No kidding
So, two years ago, I got an AMEX gold card. (Works with other CASHBACK credits cards too- continue reading) The card has 4x points for “Merchandise and Supplies -groceries.” The limit is up to 25k per year, equals 100k points a year. I KNOW no one spends that much on groceries unless you raise a family full of green monsters-HULKS. But I suppose they expect their customers to spend that much. Good for you!
Here’s how it works, and it’s LEGAL!
- Find a grocery store that gives money orders.
- Buy a money order for any amount below $2500.
- Deposit those money orders through your banking apps.
- Pay off your credit card.
Enjoy your 10k points for free!
Recently, I told my friend about this who has Wells Fargo Active Cash rewards bonus card. - $0 fee. - 2% cash back unlimited on ALL purchases. - Get $200 after spending $1000 in the first three months.
He tried it at the local grocery store we found for $2000. He got $20 back as his card gives 2% cashback. He did it three times this week.
(Important information)- - Not all places allow money orders using credit cards. Use don’t ask, don’t tell policy. If you have a tap feature on your credit card, use that. - Money order comes in an increment of $500. So, don’t freak out. Example- They will give you 4 $500 checks for a $2000 money order. - Don’t get a money order for more than $2500. You will have to fill out a form stating why you need it. Any amount below is acceptable, and they don’t ask any questions. - If you are doing it for points, it must hit your statement as “Merchandise and Supplies -groceries.” So, test it for smaller amount to see how it hits your credit card statement before going full on ape on this trick. If you have a Wells Fargo card, it doesn’t matter how it hits your account.
(Disclaimer)- use your judgment. Please don’t do it every day, spending 100k in groceries a year. But this is a great way to get free gas money or groceries once a week. Or rack in some points for your next vacation to get free flights or hotels.
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source https://www.reddit.com/r/beermoney/comments/rrywcc/you_can_make_200month_for_just_having_certain/
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