How to make money with your credit card?

In 2020, more than 134 million credit cards were issued in Brazil.

Currently, more than 54 million Brazilians use credit cards as their main form of payment, according to the SPC data.

What most of these people don't know is that they can make this item a great ally to earn extra income and save money.

If you are part of this group, then you are in the right place. See below 3 ways to how to make money with credit card.

#1 Referral Program

Nowadays, it is possible to find many cards that pay per referral, that is, for each friend referred.

The amounts paid for each friend vary from institution to institution, and each institution has its own rules and regulations.

Typically, it goes like this: you log into your account app, copy and share your invite link or code with a colleague.

After your friend downloads the app via this link and opens an account, you earn a cash reward.

In some cases, he can also earn, requiring a transaction between you or in the account for you to earn the reward.

But this is easy to solve, you just need to transfer the amount to his account and he will return it to you, or vice versa.

The amount paid for referrals is low, but you can refer a lot of people and make a good amount of money. It all depends on the rules of each financial institution.

See below a list of banks that pay for referrals and the amounts you can earn for each friend you refer.

Mercado Pago R$20.00;
Next R$10.00;
Iti R$15.00;
Bitz R$10.00;
PagBank R$10.00;
Pic Pay R$10.00;
Pay Recharge R$10.00;
Inter (approved payroll loan) R$150.00;
Meliuz R$10.00;
BMG R$10.00;
Banqi R$5.00.

At most of these banks, your referred friends also receive a reward.

The values may vary in special campaigns of some of these banks, for example, Iti, Next and Bitz are always increasing or decreasing the values in some campaigns.

With Iti, you can currently earn up to R$$500.00. At the time I did it, it was limited to just R$$100.00 per CPF.

At Next bank, you can earn up to R$1,500 per month, but initially, it was possible to earn up to R$2,000.

Honestly, it's not easy money, because it's not that simple to find people willing to do it.

However, it depends a lot on your power of persuasion. So good luck!

You may also like⤵️⤵️⤵️

👉Credit card that does not check SPC and Serasa

👉Credit card for self-employed people with bad credit

👉Credit card with instant approval

👉Credit card that doesn't require a photo

#2 Cashback

Cashback is the second option how to make money with credit card. In fact, it is one of the sensations in the credit market.

The search for credit cards that pay cashback has increased a lot in the last few months, in fact it is a very smart choice.

In addition to being a way to save money, you also earn some extra money.

Wow, Nara! After all, What is this cashback thing??

Cashback is a term that translated into our beloved Portuguese means “money back”.

This means you earn cash back on your purchases. Each institution pays a different percentage.

For example, you made a purchase and paid with the card that pays 5% cashback, the purchase amount was R$500.00, so you will earn R$25.00 back in your account.

In some institutions, you receive this money and can do whatever you want, in others, the amount can only be used in the app or to reduce the amount of the invoice.

See below a list of the best cards that pay cashback:

PicPay;
Inter;
Vivo Itaucard;
Meliuz;
Rappicard;
Mooba;
Pay Recharge.

#3 Points and Miles

Credit cards that earn you miles and points are also great options for earning money and saving.

This is because you can sell these miles, buy cheaper miles and sell them more expensive, and even exchange them for discounts on services and products.

One of the largest websites for selling and buying miles is MaxMilhas, so you can negotiate yours there.

Now, discover great cards to accumulate miles and points:

Azul Itaucard Visa Infinite;
Latam Pass Visa International Card;
Sugarloaf Card

Conclusion

It saw, how to make money with credit card in a simple and safe way?

How about stopping hesitating and starting to earn extra income with your credit card? Thousands of people are already taking advantage of it!

You certainly won't get rich or have a steady income, but extra money helps and is very welcome!

In fact, it can even get you out of a tight spot.

By: Nara updated ago 2 years back

How to make money with your credit card?