$500 Gift Cards (AmEx Gold, Moi)
$500 Gift Cards (AmEx Gold, MH)
$525 Gift Cards (Citi Thank You, MH)
$499 Travel Rewards (Capital One Venture,MH)
$200 Cash (WF Wise, MH)
$2,224 TOTAL *ONE-TIME REWARDS*
$21 Citi Price Rewinds
$30 AmEx insurance payment rebate
$ 5 AmEx for mobile app login
Ongoing rewards (through 11/30):
+$355 AmExRewards (6% cash back groceries/3% fuel)
+$114 Target rewards (5% discount Target purchases; mostly groceries)
+$86 Visa Rewards (3% cash back fuel/restaurants)
+$698 Citi 2% card (2% back everywhere - health insurance/medical is the big expenses that we charge, is more than our mortgage payments)
Grand Total = $3,533
I just want to add that historical figures below do also include bank bonuses. They just don't generally work very well for us so I do not utilize as much. (We did -0- bank bonuses in 2017).
Year 2011 = $4,164
Year 2012 = $2,782
Year 2013 = $2,623
Year 2014 = $3,128
Year 2015 = $2,585
Year 2016 = $1,906
Year 2017 = $3,533
Total 6 Years = $20,721
***Mostly Tax-Free Income***
Note: I have been tracking since 2011 because that's when the rewards got CRAZY. I have always utilized cash back on credit cards. It's just been extra rewarding during the past decade or so.
***CAVEAT - I absolutely do not recommend utilizing credit card rewards in this manner, unless you are in full control of your credit card spending. We treat our credit cards like debit cards; only charging if we have the cash on hand already. We've never paid a cent of late fees or interest.***
At this point in my life I just pay the balances off the end of every month so that we go into each new month with -$0- credit card debt. This is really simple because there is no remembering bills or due dates or any of that. I just go in and pay them all the last day of every month. I have set all my credit cards to close for the month around the 28th of the month, so that the statement is closed by the last day of every month and every charge for the month has been posted. (I can just voluntarily pre-pay any charges that didn't make it on the statement for the last week of the month). From an accounting standpoint, anything else would drive me crazy, maybe especially since we do have so many credit cards that we use every month for rewards. This way, I just don't have to really keep track of anything and I know they will always be paid several weeks before due date. This also keeps all of our charges on a monthly cycle, which lines up with our monthly paychecks and my monthly accounting.
I expect 2018 to be more like 2016, but you never know. I don't feel like we need to put as much emphasis on the credit card rewards with MH working and with interest rates (on our savings) increasing. We really relied on these to boost our income and to stretch our dollars further when MH was home with the kids. I also have something like $1,000 unused gift cards laying around, which is about $1,000 more than usual. (In the past we mostly redeemed cash back, but those are harder to come by and it seems it was mostly gift cards and travel rewards for this year). If all I can do is gift cards next year, I imagine I would probably scale back but might consider focusing on those more for charity. If I had gotten this last $500 in time for Christmas, I would have donated those gift cards.
Final Credit Card Tally 2017