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December 27, 2006
Discover Gas Card - Reaping Rewards Continued
I had just posted an article about how to truly reap the rewards from your credit card points program here.
Immediately after posting that article, I took a look at the offers from Discover Card. I have to tell you that there are some fabulous rewards offered by Discover.
I feel that the Discover Gas Card rewards program will hugely benefit anybody who drives to work and carries a balance on their credit card.
First of all the interest free balance transfer period of 12 months is a great way for you to start chipping away at your credit card debt this year (Hint: pay your bills on time, every month to maintain the 0% APR benefit).
Secondly, the 5% cash back on gas purchases will save you even more.
Here is how, with some discipline, that you can dig yourself out of credit card debt this year:
1. Transfer your balance to a card such as the Discover Gas Card
2. Find ways to ensure you can pay slightly more than your minimum payment
3. Apply the 5% cash back directly to the balance of your credit card.
4. Watch your credit card debt begin to vanish
At first it might not seem like you are making much headway but if you continue to pay more than the minimum balance on your card and apply the rewards to paying down the principal, by the end of 2007 you will have made a very significant step towards eliminating your credit card debt.
No, it isn't exciting doing this.
Yes, it does mean learning to cut out unneccesary expenses. Maybe one bagged lunch per week will help you pay down more of your balance owing.
If this doesn't sound exciting to you, ponder this:
Does struggling to make ends meet because of a high balance owing on your credit card excite you?
No! It really sucks to be struggling with credit card debt.
Now, go transfer your balance to a card such as Discover Gas. Then visit Crediteria frequently for the latest advice to help dig you out of debt.
Hey, think of Crediteria.com as your free debt reduction service.
Some companies charge you a fortune for the advice you get here for free!
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