So, believe it or not folks, you can get paid for paying your rent.
And if you are not getting paid for it yet, or do not know how, give us five to ten minutes of your time, to show you. There are no sign ups, no log-ins, no new page you have to go on after this one. This is it! This is where you will get your answer. And like always, all for free. Before we go into the step by step, we thought right off the bat, we show you how much money you get paid, for paying your rent, assuming you have a rent of $1,940. Of course you can earn more or less.
Introduction: Let us say your rental payment is $1,940, and this is inclusive of a 2.1% credit card processing fee, (originally $1,900 a month). Note: We do not participate in any affiliate programs and do not receive monetary compensation for our reviews. Step 1 (Year 1): Apply to Wells Fargo Cash Wise Visa® Card, which has the following features:
Step 2 (Year 1): Open a savings account in one of the highest available APY Interest rates. Our choices are Ally or Discover, which offer above a 1.1% interest and have all the below features:
Step 3 (Year 1): Every $1,940 you were intended to pay a month, you will put it in your savings account. Put it in the beginning of every month, therefore, you will accrue the interest for the entire month. So, let’s quickly break this down. Interest accrues daily, but for simplicity purposes let us show you your potential interest income monthly in the picture following the steps. Step 4 (Year 1): The 0% APR card ends after the 12 months. Take out from the savings account enough to pay your full balance, and leave the interest. Step 5 (Year 2): Apply to Chase Freedom Unlimited® Card, which has the following features:
Step 6 (Year 2): Continue investing in your savings account in one of the highest available APY Interest rates. Our choices are Ally or Discover, which offer above a 1.1% interest and have all the below features:
Step 7 (Year 2): Every $1,940 you were intended to pay a month, you will put it in your savings account. Put it in the beginning of every month, therefore, you will accrue the interest for the entire month. So, let’s quickly break this down. Remember, you are carrying over $146.68 from last year’s income. Interest accrues daily, but for simplicity purposes let us show you your potential interest income monthly in the picture following the steps. Step 8 (Year 2): The 0% APR card ends after the 15 months. Take out from the savings account enough to pay your full balance, and leave the interest. Last quick note folks: You can continue to develop your credit and increase your score, and just in two years. This is assuming you continue making monthly payments, increase the age of your accounts, and once you are ready, pay off your balance. Lastly world, enjoy having a balance in your savings. Just for paying your rent.
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