Taking Your Credit for a Ride can Put Extra Dollars in Your Pocket!
I call this strategy a gadget play. Gadget play is a term I borrowed from football and as all football fans know, a gadget play is one of those plays that is out of the ordinary. In other words, the opposition doesn’t expect it. Your credit cards really weren’t designed to pay you. They were designed for you to pay them but thanks to money market funds my little gadget play produces an unexpected outcome that scores every time. This play consists of three essential elements. One, a credit card with a grace period. Two, a money market fund paying DAILY interest on your account balance coupled with a no minimum on the number of checks you can write against your account feature. Some money market funds will not permit the account holder to write a check for anything less than $250 and limit the number of checks an account holder can write per month to a certain low number like four. Ideally your fund should not have a minimum check amount (the amount for which you can write the check) requirement and it should pay interest daily. These are two very important keys in this strategy because this is where you make your money. More on this later. The number of checks you can write limit is of little consequence given the strategy’s central theme is daily interest and no minimum check amount. Therefore, this is the last I’ll mention about the number of checks limit. Given the proliferation of money market funds, you should not experience a problem finding one to fit the strategy. I use my brokerage firm’s money market fund. Three, you will need a firm resolve to pay the balance due by the due date. This is extremely important. If you don’t, you not only defeat the strategy but you cost yourself money instead of making money. Your Credit Card Issuer (CCI) will then have the dollar bills you should have had sitting in your account earning you more interest. In other words, you will have defeated this bullet proof strategy. Two dates on your statement are pertinent to this strategy. They are the due date and the cut-off date. For simplicity sake, I will make the 16th of the month the due date and the 23rd of the month the cut-off date. The cut-off date, the 23rd in our example, is the last date in the month charges will appear for that month. In other words, anything charged on the 24th or after will appear on next month’s statement. When you receive your statement, you will see the charges you made from the 23rd (or whatever date your CCI uses) of this month back to the charges you made from the 24th of the last month and up to the last day of that month. So, if it is June 23rd and you are looking at your statement (which you will receive the first week of July) you will see charges you made from May 24th through June 23rd. Why? Because, the 23rd is the cut-off date for this statement. Our example shows a statement period of the 24th of this month to the 23rd of next month. A helpful hint for those who can not see these dates in their mind is to lay out a calendar. Hopefully, that will make it clear. Since we have the 16th of the month as our due date for this example, let’s calculate the number of days we could go before having to pay for an item charged on May 24th. Charges on the 24th give us 8 days (24 through 31 May) in May for which no payment is due on this item. June has 30 days with the cut-off date as the 23rd but the cut-off date isn’t the due date so that means we can take advantage of the full 30 days in June. Remember the cut-off date for our statement is the 16th of July. A helpful hint is to have your statement next to the calendar. Now, laid out before you, are the dates so you can clearly see the whole picture. Totaling the number of days: 8 in May + 30 in June + 16 in July = 54 days before any of the outstanding balance must be paid in full. Since our payment is sitting in a daily interest earning money market fund, the item(s) we charged on May 24th are earning us interest as we use them. For example, let’s say we charged $200. We do not have to have this $200 balance paid until July 16th so it sits in our money market fund earning us interest for 54 days. But, and this is a BIG but, the balance must be paid by the 16th or we defeat the strategy. So, we mail the CCI a check on July 12th and it arrives, and is processed, on the 15th. Good, our account is paid in full and our credit doesn’t get a ding. All we lost was one day’s interest. However, we may not have lost any interest and may have picked up another day or two. This happens because not all checks are paid when presented for payment. Sometimes something called float happens. Float is simply the time between presentation for payment and actual payment. However a new law called Check 21 shortens this time if used by the bank. I have written a separate report on this law and if you want a copy, send an email to deadrun@jps.net with Request for Check 21 Article in the subject. There you have it. You not only make a few bucks by using your credit card but you keep a sterling credit report. And, another benefit from always paying on time is some CCIs automatically raise your credit limit. The wise and responsible use of credit can put more money in your pockets. Please perform your due diligence before trying any strategy and you will more than likely increase your standard of living. I can be reached at the above address for consultations, speeches and seminars. Simply make the subject line: consultations, speeches and seminars and I will know you aren’t a spammer. I hope you make a ton of money using this strategy. In fact, write me at the above address and let me know how you are doing with this strategy. Have a great day. Tom Koziol is Executive Secretary for a non-profit focusing on senior citizens. Visit http://www.senior2senior.org and pick up fifteen free topical ebooks and a ton of free resources just for stopping by and browsing. Email him at: tom@senior2senior.org |
Other Football System Articles
Allen NFL Power 10 - Week 6 #1 Chicago: There’s just no denying that this is the best team in football. The defense is full of lightning quick maulers that fly to the ball. The only thing left for Rex Grossman to prove is that he can stay healthy for an entire season. The Bears next five opponent are a combined 8-17. Chicago will break a sweat in the Giant game but should ...Online Casino Bonuses at Their Best Microgaming is one of the most admired online casino systems today, enjoying tremendous popularity among gamblers. The innovative and highly popular games add to the overall excitement the online gambling marketplace has to offer.Microgaming offers more than 250 interesting games to gambling enthusiasts across the world, everything from s ...Seven Card Stud Poker Playing Rules Seven card stud poker is a very popular form of poker played at both the card table and in online poker rooms. Anywhere poker is being played, either online or off, you’ll always find a game of stud poker in progress. Stud poker is one of the poker games where players are dealt some of their cards facing up on the poker table, while other cards ...Spread Betting Basics Spread betting is a complicated venture; the statement is nothing but a popular misconception. Proponents of this form consider it to be real easy, once the new player has understood the concept. It enables you to win or loose money depending on how close off or far you are in your betting. Spread betting can be an exciting way to win or loose m ...DirecTV Satellite, Dish Network or Cable TV? 'Tis the Question! We’ve seen all of the television commercials, heard the radio ads, and gazed upon the billboards as we drive down the highway- the war is on and in high gear between the cable and satellite companies, and then more intensely between DirecTV and Dish Network. Each company is constantly ripping apart the other, making negative claims about the ser ...Mismatches and Defense Offenses get all the publicity and certainly too much interest with the general betting public. But good defenses are more important than offenses when it comes to winning championships and often times covering numbers. In fact, this past Sunday five of the statistically worse defenses in the NFL (Bengals, 49ers, Lions, Cardinals, and Titans) al ...What to Look for In Online Poker Sites Online poker game websites have become more and more popular these days as a casino establishment alternative. They are a convenient way of playing a variety of poker games in the comfort of your own home. Online poker websites make virtual poker games readily available to the beginner and advanced poker player alike. However, there are a few th ...A Review of Online Casino Gambling I have been participating in online casino gambling since its inception. It began right around the time that the Internet became a household fixture. Like all gamblers, I've had some great sessions that I'll remember for a long time. You know what I mean, the dealer is busting left and right, I'm drawing five-card 21s, and the stack of chips i ...The Best Tip on Playing Texas Hold em Online Are you ready to start winning more online Texas hold em tournaments? Do you get sick of losing when you know you should be winning? Do you want the best tip on playing Texas Hold em online?I have been playing Texas hold em online for years and I am very successful in the tournaments I enter. Enough about me, though, you care about y ...Blackjack Favorable Rules – Play the Casino With The Best Rules To Win! In any casino game, knowing the factors that affect your chances of winning are all important. Here you will find everything you need to know about playing with favorable rules.Keep in mind you can be an expert card counter but unless the rules are in your favor you will lose.Casinos are not going to advertise that the chances of w ...Blackjack : Using Simple Math to Create Value One of the most popular table games in the casino is Blackjack. Perhaps this is because it’s an easy game to learn or maybe people feel in control. Blackjack is a game where the player’s input can aid in determining the final outcome. Very few people bet the same amount every single hand in a playing session. Most people alter their bets whe ...Toys R Us Top 15 Toys For Christmas 2006 Finding that perfect gift for children always seems easier than finding a great gift for adults. Just head to a toy store, pick something out and be on your way, right? Wrong. Unfortunately, it's not that easy. Sure, the kids might love the gift right out of the box, but will it get played with months (or heck, even weeks) later?That's th ...Win Roulette – Avoid These 3 Simple Mistakes and Win Big Roulette is a simple, fun game but to win at roulette you need to avoid some common errors that both novice and experienced players make.Avoiding the mistakes below is easy and if you do you will win at roulette and maybe win big some big payouts.1. Go To EuropeIf you want to win at roulette never play the American wheel. ...Offshore Sportsbook Offshore sportsbooks are also the result of many regulations the US government has imposed on gambling. Offshore sportsbook betting still have great opportunities. Taking their services to online betting has promoted the use of the internet to promote their services and has also attracted many bettors from all around the world to offshore sport ...Texas Hold'Em - Playing Your Cards Before Flop, Part 1 Before analyzing other players you must learn to play poker well enough and avoid the most common mistakes. For examble limit hold'em is better to play straight: bet and raise when your cards are fair enough. This style is best for poor players. Against better players you need bluffing skills and ability to change your playing style so that othe ...Understanding The Logistics of Poker Tournaments Tournaments are poker competitions where all of the players play at the same time and continue to play until only one player is left. Tournaments are fun to play in, have a low entry fees and offer a large prize pool to be won. For these reasons they are a very popular. They are inexpensive way for novice poker players to learn how to play th ...Internet Business Myths - The True Facts That You Need To Know! “Build it & They Will Come”If you built a theme park in the middle of the Amazon jungle and didn't advertise it, do you think you would get many customers? Maybe a few guerilla's and snakes may visit but unfortunately their wallets maybe a little low.This is exactly the same with your web site, getting people to your web site or ma ...Church Into Bingo? When casino player David Edwards put down his $8, got his Powerball tickets and looked upon the god almighty, gosh, did that pay off!!! With $73.7 million in his pocket, Edwards couldn’t be filled with more gratitude towards lottery, bingo and the wonderful world of gambling!Believe it or not, to many evangelical Christians including Cath ...Kids in School? Check Out the School Systems Before You Buy a New Home If you're looking to buy a new home and you have school-aged children, the quality of the school systems in the towns or cities you're considering needs to be a major component of your decision making process. As you're looking for homes, be sure you research the schools, both public and private, in the region where you'll be living.First ...Slot Machine Basics The first slot machine came into being in 1895. Since then, they have witnessed not much of evolution. While early slot machines contained three spinning wheels with a symbol, one of them being the jackpot figure, in modern machines the number of reels has been increased to five. The symbols vary from diamonds, spades, clubs, hearts to fruits. S ...Texas Holdem Tournament Strategy - Sit and Go Poker Tournaments Welcome to the fourth in my Texas Holdem Strategy Series, focusing on no limit Texas Holdem poker tournament play and associated strategies. In this article, we’ll examine the "Sit and Go" tournament - the most popular online poker tournament format today.When I first started playing in Sit and Go tournaments, I was beginning to think th ...The Explosion of Online Poker Rooms The growth of online poker rooms has been phenomenal over the past few years and the popularity of poker doesn’t look like it’ll subside anytime soon. What’s behind the explosion of online poker?Well for starters, televised poker tournaments have created an expanded fan base. Every day it seems, there are at least three poker tournaments ...Blackjack Card Counting – Do You Believe These 4 Myths? Card counting does put the odds in the favor of blackjack players however there are common misconceptions about card counting that can and do cause players to lose.If you want to win at blackjack and do card counting then it is important you don’t believe these 4 myths:The More complicated the method the betterA card countin ...Macklin's NBA Win Total Recommendations The start of the NBA regular season is just a week away (Tuesday, Nov 1) and season win totals have been out for a while. Depending on the out, season win totals range from a high of 57 1/2 on the defending World Champion San Antonio Spurs to a low of 19 1/2 on the second-year Charlotte Bobcats.Personally, I don't do a whole lot with any ...First West Nile Virus Case of 2005 Strikes We have already this early in the year the first case of West Nile Virus. A resident in Kansas turned up with it. The CDC confirmed and announced it. This could be a tough season for West Nile indeed. But guess who is taking the most notice? China; as a matter of fact this little case is all over the Chinese Propaganda Circuit; but why? Well, th ...Secret Clandestine Facial Recognition Countermeasures and The Future of the CIA Presently Universities and Private Enterprise are working to build more robust “Facial Recognition Technologies” due to the Homeland Security Funding for such research this field continues to grow. Anti-Terrorist efforts are a worldwide goal, so we are sharing this technologies with allies for use in their countries. These new technologies will ...Stop Scoring Own Goals Own goals are actions, things we do, that stop us from reaching where we want to go or what we want to obtain. When we are out of focus, when we are out of tune with what’s going on, when we do something which takes us in the opposite direction of where we were going or should be going, we have scored an own goal. Sometimes they happen accidenta ...
|
