2021 TALLY (Preliminary):
$800 Cash (Chase Sapphire Quadruple Dip, MH)
$30 Venmo ($10 x 3 Sign Up Bonuses)
$830 TOTAL *ONE-TIME REWARDS*
+$313 AmExRewards (6% cash back groceries/streaming services)
+$80 Target rewards (5% discount Target purchases; mostly groceries)
+$76 Visa Rewards (3% cash back restaurants/fuel). Ended up also using for groceries in Q4 (3% cash back)
+$875 Citi 2% card (2% back everywhere - health insurance/medical is the *big* expense that we charge, is more than our mortgage payments)
Grand Total = $2,174
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 2021).
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 = $3,578
Year 2018 = $2,096
Year 2019 = $2,266
Year 2020 = $2,107
Year 2021 = $2,174
Total 11 Years = $29,409 ***Mostly Tax-Free Income***
Note: I have been tracking since 2011 because that's when the rewards got CRAZY. We have always utilized cash back on credit cards. It's just been extra rewarding during the past decade.
***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 fees or interest.***
I am just leaving this as a placeholder. All I need to do is add in the December rewards when I have them, for the final 2021 tally.
Note: I really lost interest in credit card rewards this year. The exception was an easy offer to help offset college set up costs. I used that $800 towards a college laptop for MM(18).
I've commented in my last couple of posts that I hope to add a little breathing room to our very tight monthly spending budget, given windfalls and raises this year. We haven't "lived without" the prior 20 years, but it's always the credit card rewards and extras that give us that extra breathing room. If we can squeeze that out of *my* paycheck, I might not be as inclined to seek our bigger credit card rewards. Will see...
I suppose that I plan to do a small reward when DL(16) gets his driver's license. Something he can offset his first 6 months of insurance with. Because I did that for MM(18).
Of course, the monthly credit card rewards are a no-brainer. Will probably end up being $1,500-ish this year. We will continue to redeem these rewards and add them to our investments.