How To Lose Debt

Once you have gotten control of your credit situation there are ways to make money by funneling purchases through certain credit cards like Discover card. You don’t really make money, you get a refund of part of your purchase price for items that you bought on the card, but it comes in the form of cash or frequent flyer points.

You can actually use the “cash” to purchase further discounts at selected retailers. Discover card used to actually send you a check. I think the policy changed recently, and they will only now credit the amount to your outstanding balance, or to a bank account, which you can then use to purchase other items.

I would not want to see you using this functionality until all of your credit cards are paid off, and you routinely pay your outstanding balance every month. Why? Because our goal here is to lose debt forever. However, once you reach that point, you can easily get a discount on your purchases by running all purchases through one of these cards.