Skip to content
Home » How Small Spending Can Lead to Big Rewards

How Small Spending Can Lead to Big Rewards

Thank you CreditCards.com for sponsoring this post. Visit CreditCards.com today to find the right card for you.

 

Many, many, many years ago, Bill and I bought the house we live in.  Okay, so it was more like 12 years ago.  Our best credit card came from this purchase.  How do you ask?  Well, a couple months after our house loan went through, we got a call from the company that holds our mortgage.  They want to know if we wanted to join their credit rewards program.  We, of course said yes!

The way our credit card works is that 1% of what we charge gets taken off the principal of our mortgage.  Needless to say, we immediately signed up.  Now, for credit rewards to work, you do have to pay your balance off monthly which we do.  Now, with all that being said, we literally charge everything.

Lunch?  Charge it.  Siding for the house?  Charged that too!  School tuition.  Charge away!  Stuff for outside, it’s on the credit card!  For us, it works and our mortgage principal thanks us for it.  We literally make an extra payment a year just in this rewards program!  Who wouldn’t want to save on their mortgage?  I know, we literally jumped at the chance.  Best of all, it automagically does it, so I don’t have to do anything.  It just happens every month.  Last month, over $100 got taken off the principal of my mortgage.  Each month that totally adds up! 

Now, not everyone has a mortgage.  Some people would rather get rewards or cash back.  Through innovative tools, experiences and advice, CreditCards.com helps people find the right cards and use them the right way.  They rate and review credit cards to provide objective, useful comparative information to help you choose the right card for you.

How do you choose what credit card you are going to apply for and use? What rewards are you currently getting?  

 

I was selected for this opportunity as a member of CLEVER and the content and opinions expressed here are all my own.

19 thoughts on “How Small Spending Can Lead to Big Rewards”

  1. What a great plan! I love that 1% goes toward your house payment. We always pay off our credit card every month too and we get airline miles. I think I like your credit card better!

  2. I would totally take that deal if my mortgage company offered it. I have been trying to find creative ways to pay off the principal without going broke. This would be perfect.

  3. I have a credit/debit card with rewards and use it all the time. It’s attached to my bank account, so I’m always using my balance, yet still getting the rewards. Win/win!

  4. Couldn’t agree more! One of the only credit cards I use is a travel benefit one – it gives me points every time I make a purchase, and a ton of my annual travel costs are covered because of it! So cool!

  5. That sounds fantastic. 1% of the cost of purchases charged to your credit card gets taken off your mortgage. That is a good deal! I know most of us would love to get free air miles credit but I think this one that helps pay off the mortgage is tops!

  6. I will have to check out CreditCards.com. I do have a credit card that gives me free air miles in their rewards system. I would love to learn more about this one you mentioned that pays part of your mortgage. My daughter would love that.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.