$800 Cash (Chase Sapphire Quadruple Dip, MH)
$800 TOTAL *ONE-TIME REWARDS*
**In addition, various monthly rewards that I will tally at 12/31
I just applied for a credit card reward. The reward is $800 cash, minus $95 annual fee. Plus some extra $50 grocery reward and the possibility to get an extra 25% back on some categories? At the least, should be $750 cash back.
Edited to add: Ended up being $800 cash back
It's a quadruple dip I did last year. Will have MH quadruple dip this year. Which means we will have both done this reward 4 times.
My motivation? I was thinking about it because I was closing my Sapphire card (before another annual fee kicked in).
But my motivation this time around is trying to come up with college money. The scholarships are *ridiculous* this year. Like $500 scholarships where you need three letters of recommendation and have to write an essay and spend hours on an application. Meh. I thought one day, "It would be easier to do a credit card reward." Which generally work out to about $1,000 per hour of effort.
So... I looked it up, the reward was really good, and have already gotten MH approved for this card.
I had been kind of counting on college money and scholarships to cover dorm start up costs and a laptop for MM(17). But the scholarships have been frustrating. The really big generous scholarship our CU does every year, they had unrealistic community service requirements during a pandemic, in my opinion. It was $20K that we let go. & then all these $500 ones have ridiculous requirements. I don't think it's just us. The school emailed us the other day that no one had applied for this or that scholarship. It was one that wasn't too ridiculous, but MM(17) was too busy and I told him I was kind of over it anyway. I totally understand that he didn't have the time and energy.
I had kind of figured he'd get some money from family and maybe a scholarship from the school (he is top of his class). But... Then a Grandparent sent MM $20 the other day. & then I remembered how cheap my family is. LOL. (That's probably $20 more than anyone from my family will send him). So I think that was also some extra motivation to hustle.
I do also have a $300 Target gift card. So I figure $750 + $300 is a good start to get him all set up for school (dorm, computer, etc.). My in-laws will give him too much money I am sure. There is also that. This is a good start to get costs covered, and I will consider anything else to just be gravy.
Edited to add: Discussed later with MH and MM. We tracked down computer specs and MH priced one out (today) at $750. Is just what it happened to come out to. If MM(17) wants some extra computer capabilities, he can contribute towards a more expensive computer.
Second edit: Just saw a $1,000 reward offer on this credit card. Yeesh! I really missed the boat! Could have squeezed out another $200. MM(17) will be 18 soon but I doubt he has the credit needed for this card.