Beginners Guide: Making Money Using Your Credit Cards

Making Money Using Your Credit Cards Photo

Making money using your credit cards, what a concept.

I’ve been making money off my credit cards for years.

Today you can improve your life financially.

Learn how to take advantage of credit cards, instead of letting your credit cards take advantage of you.

I’ve been making around a $1,500 -$2,500 dollars/year since 2005 by using my credit cards for everyday purchases.

As a matter of fact, I try to purchase everything I can using my credit card.

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Have You Sworn Off Credit Cards – Think Again

Many people have gotten themselves into financial trouble using credit cards.

So they swear off every using their credit cards again – That’s the Wrong Move!

You can use a Debit Card to control your spending habits and cut up those credit cards.

However, this is absolutely the wrong thing to do and here’s why:

  1. You are not doing anything proactive to build up your credit scores.
  2. You are losing out on a ton of great benefits from having a Rewards Credit Card.

How’s an extra $1,000/year sound?

Many of us, myself included, get our first credit card and we don’t understand how detrimental compounding interest can be when we carry a balance on the card.

We think that paying the minimum amount or putting an extra 50 dollars to the monthly  payment is good enough.

But that is the WORST thing that you can do with a Credit Card.

A picture of a man looking frustrated while holding his credit card.

This is how Credit Card Nightmares begin.


  • Pay your credit card balance off completely every month.
  • Use your credit card just like you would use a debit card or hard cash.

In other words, if you don’t have the cash for a purchase, don’t make the purchase, PERIOD.

There are NO EXCEPTIONS to this rule.

If you can’t accept this rule into your life, then you won’t build up your credit scores or make money off of your credit cards.

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Credit Cards Can Build Your Credit Scores:

In order to build good credit, you need at least a couple of active lines of credit. Meaning some form of credit that you are using on a daily/monthly basis and paying your payments on time. This can be in the form of Credit Cards, Car Loans, or Mortgages.

You also want to build new, good credit.

If you eliminate your credit cards and have no other lines of credit, you eliminate your open lines of credit history and your credit scores will go down.

But if you have a couple of credit cards, and you pay them off each month, you’re scores will go…


In today’s world, having good credit is the key to getting lower interest rates for loans, lower insurance costs, or even simply being looked at by a lender when you decide to purchase a car or a home.


A picture showing a before and after report of credit score.

So by having a couple of credit cards and using them just as you would a debit card or cash, you’ll find yourself building solid credit in no time.

“Just don’t forget to pay the balance off on your credit cards every month.”

How to Start Making Money Using Your Credit Cards

If you don’t have good credit, you will need to suck it up for a while and get a credit card that doesn’t offer any type of rewards program.

If your credit is really bad, you will need to apply for a secured credit card. A secured credit card works to repair your credit by establishing a new credit history.

Many local banks provide a secured credit card if you have an account with them. As you use your new credit card and pay it off each month, they will report your credit history to the three major consumer credit reporting agencies (Experian, Equifax, and Transunion in the US). 

A picture of a man holding a credit card next to a keyboard.

As you begin to re-establish your credit, your scores will improve and you will eventually be able to get a credit card that rewards you for making purchases.

If you already have good credit, this will be an easy process to start making money right away.

All you need to do is apply for a Rewards Credit Card.

Benefits of Reward Credit Cards

Most all of the reward credit cards offer similar programs. They typically offer a percent or two on every purchase in the form of cash, travel points, or popular brand name purchases using gift cards. It depends on the type of purchase as to whether you get 1 or 2% cash back.

You can redeem your cash at any point in time. One great way that I’ve seen a lot of folks use rewards credit cards is to let the cash accumulate until the end of the year, close to Christmas time. Then you can save up your cash to buy your Christmas presents or give yourself a fat year end bonus, your choice.

Or, you can accept your cash back in the form of gift cards. This allows you a greater purchasing power by giving you more than your original cash. Sometime you get up to 1 1/2 to 2 times the amount of cash back. And many credit card companies offer gift cards to hundreds of retail shops.

For example: This last year at Christmas time, I had the option to take my cash back in the form of cash at $1,000 dollars or $1,500 dollars in gift cards.

If you’re a fan of traveling, many credit card reward programs offer you cash back in the form of travel points that you can then apply to air fare or lodging.

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Final Recommendations Using Your Credit Cards

There are many credit cards that offer reward programs. I wouldn’t be concerned with the terms of interest rates on purchases or on cash advances.


Because you never should take a cash advance from a credit card.

Also, you’re never going to carry a balance on the credit card, so who cares about the interest rate.

“If you follow this advice, the credit card companies will never make a dime off of you. But you will make several thousands of dollars off of them throughout the years to come.”

Lastly, if you are a traveler or purchase things outside of your home country, get a credit card that has ZERO foreign financial charges.

There are several cards out there that offer no foreign financial charges, but in my experience and based A picture showing a few Visa credit cards on a desk. on my current research, Capital One, continues to be the dominant leader in this category.

I did use Chase Sapphire Rewards Card last year, but after one year with them, they have an annual fee of $100 dollars.

I personally use Capital One World Card, they offer great customer service, card protection, zero foreign financial fees, and a great rewards program without any annual fees.

Use this information to make yourself a wealthier person.

And if you have any Credit Cards that you would like to recommend or would like to add anything to the discussion, please leave a comment below and I’ll get back to you right away.

Making money using your credit cards is an awesome concept. Take advantage of it and make your life better.


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About the Author

Hi, I’m the founder of Learn to Grow Wealth Online. My goal is to help you create a brilliant online business. One that is profitable and will grow wealth for you and your loved ones well into the future. If you're willing to put in the effort, I can help you create your own source of online income.


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  1. I enjoyed this article. I try to keep I simple, so I use a credit card that pays rewards and charge everything. That evening or the next day I pay of the credit card. I do have 29 days from the purchase date but I keep it simple.

    1. You’ve got the system down Douglas, good for you. Keep making money using your credit cards and thanks for your personal testimony.


    1. You bet Quinton, thanks for your comment on making money using your credit cards. Sounds like you’re using the same strategy, good for you.

  2. Todd,
    Thank you for this excellent information and advice on how to make money using your credit cards. Clearly, it takes some self-discipline, but can pay big dividends.

    1. You bet Patrick, it’s amazing what a good habbit of paying off your credit card every month can do for you. I’ve made about $8,000 since I got into this habbit over 9 years. It’s not much, but helps.

  3. Awesome stuff Todd, something to always take into consideration. Thanks for this wonderful information, will be bookmarking thank you.

    1. Hey thanks Peter for your comment. Yeah, it’s a pretty cool concept making money from credit cards. And it’s so easy to build good credit this way. If you’re looking to make passive income online, I’ve got a great program for that as well, check them out here.

  4. Wow, these articles just keep coming!
    What a terrific review that opened up a whole new world of understanding from my point of view.

    Great information, once again – very well researched and full of great tips

    Well done Todd…….I’m a follower for life!


    1. Ahh Russ,
      Too kind my friend. I’m just happy that people can use this information to better their lives.

  5. Great information, Todd, thanks! I didn’t realize how much more value I could get by taking gift cards over cash back.

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