Banks earn on their credit card customers an average of five times. The first time - when they issue a card and charge from 1 to 3 thousand rubles a year for its maintenance. The second time - when a client withdraws cash from a credit card through an ATM, a commission of 300-500 rubles is charged. The third is when the borrower uses the money for a long time and pays interest on the loan. Fourth - monthly fee for SMS-notifications about the movement of funds on the account. And the fifth time - if the cardholder misses the mandatory monthly payments and fines are charged to him for this.
At the same time, the bank client has two loopholes and one big bonus:
1. Use a bank loan for free during the grace period (55 days on average).
2. Minimize service costs: for example, find a card with a small service fee (in some cases it can be free), and disable SMS notifications.
Bonus - use a credit card with a cashback or a link to a loyalty program.
Bank money can be used free of charge during the grace period if you do not miss the monthly payment (5-10% of the amount owed).
Income Scheme
A credit card is a daily spending tool. For example, to buy food, clothes, equipment, car fuel, various tickets and other things that can be paid by card.
To receive income, you will need to additionally issue a debit card with the option of accruing interest on the balance or deposit with the possibility of replenishing or partial withdrawal of funds without losing interest. The yield of good debit cards is 8-10% per annum. You can earn on deposits 10–12.75% per annum.
Never withdraw cash from credit cards - a large commission is taken for this.
Every time you receive a salary, you need to leave 3-5 thousand rubles, which are necessary for current expenses in those places where cards are not accepted. The rest must be placed on a debit card account or deposit. Current payments are made by credit card. At the end of the month, the card loan is repaid with funds from the next salary, from the card where the money brought income, or from the deposit account. If everything is done correctly, then in a year according to this scheme you can earn from 1,236 to 20,928 rubles.
The card is not simple, but golden
Now consider the options when a credit card additionally brings income. Customers can choose from cards with cashback for purchases (1-2% of all payments and 5-10% in certain categories) and credit cards with points that can be spent on air and railway tickets, as well as on purchases in certain stores .
Suppose that a card is issued with a cashback in the amount of 1% of daily purchases, on which 50% of the salary is spent. Then, even with a salary of 15,000 rubles, it will be possible to return 900 rubles in a year. If you earn 100,000 rubles a month, then the additional income will reach 6,000 rubles.
Thus, the total income from using two cards or a deposit will be from 2,136 to 32,928 rubles per year. This does not include miles earned for purchasing airline tickets or additional points that can be redeemed at certain stores.
1. You can find cards with free service, cashback, miles and other bonuses using the credit and debit card calculator. It is easy to pick up a profitable deposit using the deposit calculator.
2. Instead of SMS-informing, use Internet banking or mobile banking to control your account.
3. Never withdraw cash from a credit card - a large fee is charged for this.
4. The higher the status of the card, the greater the yield, cashback or interest on the balance. Compare your benefit to the cost of service. Look for options when you need to pay a minimum amount for bank services.
5. Open a replenishable deposit with a high rate, so that unused funds during the month are transferred to the deposit with the highest yield. At the same time, do not place more than 1.4 million rubles in one bank - this amount is protected by the deposit insurance system.
Making money with loans is no longer a novelty. Many companies use credit funds to make a profit. Then they repay the debt on credit obligations, and the remaining finances become their main income.
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Credit cards have become one of the most popular forms of obtaining a loan. The question arises - how can you make money on a credit card?
Simple circuits
To profit from a credit card, you need to know some rules. They will help you to correctly use all the possibilities of earning money on credit cards.
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| Benefit from operations | In order to make it clearer how to make money on a credit card, you can consider the following scheme for making a profit:
In this situation, all daily needs are paid by credit card. The interest on the deposit increases. They will be the net benefit after the repayment of credit debt after the end of the grace period. The income will not be huge, but the savings will be significant. You can conditionally designate 5 moments when the bank earns on its customers:
As an additional savings, you can get a credit card with a loyalty program and the ability to receive cash back from purchases or points that can be used to pay for certain goods. You can also disable the SMS-notification function on this card and choose the most favorable tariffs for servicing the card account. In this situation, the real benefit is more tangible. |
If you pay for any purchases with a card with the cash back function, you can get a significant benefit, because the percentage of purchases is returned back to your account and you can spend them again
How to make money on a credit card with a bank?
Today, many banks are ready to offer the use of their services on very favorable terms. You can use a credit card and spend a minimum of money on its maintenance.
In order to learn more about the possibilities of earning money on credit cards, you should study the features of cooperation with some banks and payment systems.
| Mutual profit | The benefits of frequent use of banking services may be small at first, but with a reasonable approach, profits can increase significantly. Banking organizations rely on making a profit through penalties and interest in case of non-compliance with the agreement by cardholders. This can be avoided by timely repayment of credit debt. Even if the tariff plans are very beneficial for customers, the bank also makes a significant profit. Most of the programs offered by domestic banks have long been tested in Western countries. Credit card holders can earn in the following ways:
It may seem that such proposals do not benefit the banking organizations themselves, but this is not true. In this way, the bank attracts many customers. At the expense of those who inattentively read the terms of the loan or did not fulfill the terms of the contract, the banking organization makes a profit. These customers are required to pay fines or fees for using a particular service. |
| Grace period and cash back | Almost all banks provide credit cards with a grace period. This means that the borrower can spend funds from the card account and not pay interest to the bank. You can spend this money on any needs, and when the interest-free period ends, you will only need to pay the amount spent. Credit cards come with different grace periods. On average, its duration will be 40 to 60 days. These days no interest is charged. This is one of the most popular ways to profit from a credit card. You can pay for everyday purchases and services with a card, and put the main funds on a deposit account in a bank. Interest will accrue every month. With the timely repayment of the loan obligation, you will not need to overpay. It is important to make all the necessary payments on the loan on time so that the bank does not charge interest. You will need to repay the full amount of the loan. You can pay by credit card only in a non-cash way. Cash withdrawals are subject to fees. The grace period does not apply to cash funds. The amount of benefit depends on several indicators:
This type of income will not bring huge income, but it will save a small amount. For example, if you take out a loan 30 000 rubles, and put the same amount on the deposit account, then at the deposit rate 12 % per annum, net profit will be 3600 rubles per year. With a larger credit limit and income, the benefit can be up to 6000 rubles per year. Not much, but you don't have to do anything to get these funds. |
You can consider the benefits of making a profit from a credit card using the example of cooperation with Sberbank and Tinkoff:
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What to consider when choosing a credit card
Before choosing one or another card, it is important to carefully study all the clauses of the contract - tariffs, features and prices for services, the amount of commission fees and in what situations they are charged.
The most important points:
- The duration of the grace period for the loan.
- Features and rates for the annual maintenance of the card. Preference should be given to cards without the cost of annual maintenance.
- The amount of commission fees when withdrawing cash from the card. They usually range from 3 % . The grace period in this case is not taken into account and interest is charged.
- Any commissions and interest that the bank may charge. It is necessary to carefully study all such items in order to avoid unnecessary expenses.
If you take into account all these points and fully study the conditions for granting a loan, then you can earn money on credit cards without much effort.
Another option for making a profit from a credit card is cash back. This option provides for the return to the cardholder's account of a certain percentage of any card purchases. For example, a customer purchased goods in a store for the amount 20 000 rubles and paid for them with a credit card. The bank has set the amount of cash back on this card 1 % . Will be returned to the buyer's account 200 rubles.
Before deciding to use such schemes for earning money on credit cards, you should listen to the opinions of experts. They will help you get answers to your questions.
Making a card will be beneficial in the following situations:
- If the main income is on a deposit account and brings a certain percentage of profit. The benefit will be most obvious if the credit card costs are high. With rare use of it, the amount of income will be small.
- It is convenient to use a credit card when traveling. For some goods, it is more profitable to pay by bank transfer.
- You can plan your purchases knowing exactly what the limit is on the card.
In the Russian Federation, almost every second citizen has credit obligations. Some have one loan, while others have 2 or more. And this does not lead to anything good. Many mindlessly dispose of the funds received on the loan. No wonder they say, you take other people's money - you give your own.
And it is with the latter that difficulties are often observed. The money was spent with ease, and when you have to return the funds to the creditor, you squeeze yourself in everything, you save. The problem is exacerbated by the fact that credit can now be obtained easily. Many banks offer loans without a certificate of decent wages, without guarantors.
So, let's figure out how not only to pay off credit debts, but also earn money - only in an honest way!
Reminder for borrowers
When you are offered a loan with a meager interest rate, do not rush to sign the contract! Banks never work to their detriment! It is recommended that you carefully read the document, independently recalculate future payments. In particular, what is the overpayment on the loan.
Alas, but people are able to realize the size of payments over time. Initially, it seems that the family will pull, but there are always unforeseen circumstances that make loan obligations unbearable. So you have to try estimate the amount of the payment even before signing the loan agreement.
Even with a low interest rate, there will be a significant overpayment. At best, twice, at worst - three times or more. It is not necessary to believe that incomes will constantly grow. It is always necessary to calculate your future taking into account an unforeseen situation, for example, the loss of a job or an economic crisis in the country.
Future with credit obligations
Unfortunately, such a picture can be observed quite often in life. A loan was taken, the money was spent with ease, and then a period of austerity and infringement followed to pay off the debt. As soon as the loan is fully repaid, a person again climbs into this bondage - after all, you need to make repairs, buy a tourist ticket. In principle, there will always be an item of expenditure.
Therefore, the best alternative, certainly difficult for some people, is to invest. You don't have to start with a large amount.
If, after paying off the loan, you take a new one, you will fall into a vicious circle that is difficult to break. And all life will pass in credits.
Investment and repayment of credit debt
It is necessary to think carefully about what needs to be done first of all - to pay off credit obligations or to start investing. In investments, time is on the side of the person, because the longer the money is in circulation, the higher the income. With loans, the opposite is true.
Imagine that you are involved in mortgage lending for 20 years. Every month you pay the money on the loan plus interest. But over these 20 years, other loans have also appeared - for education, the purchase of a car, etc. It turns out that all life is in loans, but there is nothing to invest.
When people take out a mortgage for 20 years, they don't look that far into the future. What will happen after this time? At least a person becomes 20 years older, respectively, the ability to work will decrease. He will live in a mortgage apartment, and its price may fall significantly on the real estate market. And repairs are already a luxury, because every month you have to give an impressive amount to repay the loan.
As a result, a person in 20 years realizes that he lives in the same apartment, drives the same car, which needs to be replaced for a long time. There are no savings, but health fails. This situation does not add optimism. Instead of enjoying life, you have to work and constantly think about how to pay off your debts.
Hello! In this article, we will discuss how to make money on cards.
- How much can you earn: 4 - 5% of salary per month.
- Minimum requirements: availability of debit and credit cards.
- Is it worth doing: definitely yes .
General information on earning on cards
Banks have long been an integral part of our lives. They get the money we spend. But there is a way to slightly improve the situation. You can earn money on bank cards, practically without making any actions.
There are four ways to earn income using cards:
- Calculation of interest on wages.
- Cashback.
- Cashing out borrowed funds from a credit card.
- Free lending.
Let's briefly go through each of these methods.
Accrual of % on wages
The scheme of earning is extremely simple. You receive a salary - transfer it to, and use a credit card for ordinary expenses. As soon as the grace period comes to an end, transfer money from a debit card to a credit card and pay off the debt.
Thus, you can earn income and not put any effort into it. And if you leave income on the card, then over time you will easily be able to accumulate a fairly large amount.
This is the easiest and most effective way to make a profit. You will not need almost anything, literally do a few movements every 1 - 3 months.
Cashback
This is the most difficult way to generate additional income. You will need income-generating credit and debit cards for the categories of items you spend the most money on.
Be careful! Bonus categories for some cards change every 3-6 months. Study the information on the bank's website or in its official groups in social networks.
Cashback not only brings additional income. He teaches how to correctly distribute a personal budget and understand what money is spent on.
In order to control your spending, you can enter them into a simple Excel spreadsheet. Every month you fill in the columns, approximately plan the expenses for the categories.
This approach will significantly increase income, self-discipline and help you better understand the methods of earning and saving.
Cashing out from a credit card
This is another way to earn extra income. You will need:
- A credit card with a large grace period and no fees for cashless transfers to other cards.
- Debit card with the maximum accrual of % on the balance.
The essence of the method is as follows:
You transfer borrowed money from a credit card to a debit card. Wait until the end of the grace period. Transfer money back. Interest remains on the card.
By working in this way, you also do not make unnecessary movements. You simply use the borrowed funds of the bank to receive income from them. The same couple of clicks every 1 - 3 months, and now the extra money is already in your pocket.
Free lending
If you want to develop your own business, then you need initial capital for this. And there are not so many ways to get it for free: interest-free loans, grants. All this is quite difficult to implement for a beginner in business. Credit cards are one way to get free funds for small businesses with short lead times. Which business is suitable for:
- Creation of communities in social networks.
- Seasonal business.
The main thing is that you should receive the invested funds in the first few months. The ideal option is the resale of goods. Each time you purchase products, you can use borrowed funds. Sold -> gave the loan without overpayments -> took the profit for themselves.
If you are a hardcore currency specialist and have a rough idea of when the rate may fall and when to return, you can use borrowed money to conduct your operations. Use borrowed funds -> convert to currency -> wait for appreciation -> convert back -> return funds. But here you have to take into account commissions, so it’s not for everyone.
Is it legal
This is absolutely legal and does not contradict the rules of banks. You are simply using borrowed funds to generate additional income. The bank will not be able to award you any money laundering or other illegal activities.
Despite this, some banks do not approve of such behavior. They try to limit withdrawals from credit cards by adding transfer fees. Read the contract carefully.
But in general, this is a rather profitable symbiosis for the bank and the client. Each of the parties receives its profit from such relationships.
What is the benefit of the bank
Banks make profit on cards in different ways:
- Commission for the issuance and maintenance of cards.
- % on the loan.
- Using customer funds on debit cards as an airbag.
- Increasing reputation.
With commissions and interest, everything is simple. They are specified in the contract and are clear to everyone. Even from a card with a grace period for lending, the bank receives income. Some people, especially in the first few months, have little control over their cashless spending. And then at the end of the interest-free period, they still owe a certain amount.
The remaining two points are a more sophisticated method of earning. Credit institutions use the minimum balance on debit cards in order to be able to issue loans. That is, the bank lends at the expense of its customers.
Banks' own capital is not that big. And rates on cannot satisfy the appetites of profitability of the Russian economy. Therefore, it is necessary to use either borrowed funds in other states, or such, practically free methods of raising funds.
Reputation for a bank is a rather serious factor. If you are a bank card holder, then most likely apply for a loan there. And, perhaps, you will advise your friends to issue cards and take loans from this particular credit institution. This is an increase in loyalty and direct profit.
And often banks earn on their partners. Credit institutions that arrange joint promotions with representatives of large retail chains take % of the profit from sales. That is, the bonuses that accrue to customers are often covered by the bank's profit.
As you can see, banks receive undoubted benefits from any cooperation with clients.
How much can you earn on cards
The biggest income comes from cashback. With the right approach, you can return up to 5% of each salary. A more realistic figure is 3% of salary every month.
If your family expenses each month amount to around 100,000 rubles, then you can receive 3,000 rubles. This is 36,000 rubles of income from purchases per year.
If you make purchases via the Internet, then using special cashback services, you can earn even more.
For example, your family budget for a month is 100,000 rubles. This means that you will receive 500 rubles every month - this is 6,000 rubles a year. If you are approved for a credit limit of 150,000 rubles, then you can receive 750 rubles every month or 9,000 rubles a year. On two credit cards - 18,000 rubles per year, respectively.
If you put the profit received in the bank on a deposit account at current rates of 7%, then with an income of 100,000 rubles per month you will receive 170,000 rubles. And for this you do not have to do anything.
The profitability of such operations is highly dependent on the economic situation. The more unstable the economy, the higher the deposit rates. For example, Rocketbank cards a year and a half ago gave about 8% per annum on the balance, now it is already 5.5%.
What cards to use
Card conditions are constantly changing, so I will give some examples of the most popular cards that you can earn on:
- On a Tinkoff Black credit card.
- Alfa-Bank credit card.
- On the debit card of Rocketbank.
- On the debit card of Rosgosstrakh Bank.
This is a kind of "Gentleman's set", which almost always needs to be used. The cards have pleasant conditions, are not very expensive to maintain and have a high cashback.
Do not try to make money on credit cards of Sberbank, VTB and Rosselkhozbank. Since these are very large banks, they set conditions much worse than their competitors.
Now let's move on to the general options for choosing maps. What we pay attention to when choosing debit cards:
- Interest on balance. It's the most important. We will credit the salary and cashed income from the cards to the card with the highest percentage.
- Cashback amount. This is the second most important indicator. If there is a high percentage on one card, and a profitable cashback on the other, it is better to take two and separate the finances.
- Bank reliability. It will be very unpleasant if the Central Bank revokes the license from the bank in which your money will be kept. Deposits up to 1.4 million are insured, but while you are in line to receive money, you can delay the grace period of the loan.
- Rates. No need to buy premium cards, for which you will have to pay 5-6 thousand a year. In addition, look carefully at additional services such as SMS informing, Internet banking, etc.
- Replenishment methods. If you receive a salary on the card, then everything is fine. But if half of the amount goes in an envelope, then you will have to take into account the location of ATMs. Some banks take a commission for transactions through other people's ATMs, and spending several hours traveling back and forth in order to transfer money is not very convenient.
Try to take into account the amount and number of cards. The smaller the amount you have, the fewer cards you will have to use.
For credit cards, everything is almost the same. The most important parameter is the grace period. The longer it is, the more convenient. Then comes the credit limit and cashback.
Card selection is the most important part of this earning scheme. Treat her carefully.
There are some general tips that will help you make money on the cards. There are only 4 of them, but they are really important.
Control your income and expenses.
If you can't control your spending, then with a credit card you can easily go beyond your monthly spending limit and be unable to pay off your debt before the end of the grace period. And this means that, most likely, you will not only earn nothing, but also spend it.
In order to control spending, a piece of paper and a pen is enough. Just divide the money into several categories, for example:
- Products, clothes.
- Housing.
- Entertainment.
- Savings.
- Unexpected expenses.
And divide the funds according to monthly expenses. This will kill some romance in unexpected expenses, but will significantly save and increase the budget.
Read the terms of the contract.
To make money on cards, you need to know how they work. Interest accrual, grace period, transfers between cards, cash withdrawals, additional bonuses, cashback, etc. - all this you must take into account and understand how the system works.
The same applies to permanent promotions and additional bonuses. As I said earlier, the bonus categories for which cashback is credited may change. Therefore, once or twice a month, look at the bank's website or simply subscribe to its group on social networks.
Approach earning on cashback competently.
Of all the four listed methods, earning on cashback is the most difficult. You need not only to pre-select cards, but also to pay with the right card every time. Of course, this is optional, but extra income never hurts.
The standard income from cashback is 1 - 1.5%. If you approach this more responsibly, you can receive up to 4-5% of income with bonuses every month.
Try to issue cards during the promotion period.
In order to, each bank tries to make the most favorable offer. For cards, this is an extended grace period, an increased percentage of the balance, a large cashback, etc. But promotions are a temporary phenomenon.
Welcome bonuses can also be considered as promotions.
That is why it is better not to doubt during periods of promotions. We saw a good offer -> it meets your requirements -> make out. The longer you think, the more likely it is that conditions may change and you will not get a good product that could increase your income.
These are simple tips, but they require discipline. You can easily earn extra income doing almost nothing for this: just change cards periodically when shopping.
Conclusion
Earnings on cards is an ideal option for everyone. Regardless of your income, position and status, you can additionally receive from 5 to 60 thousand rubles every year. This is a kind of 13th salary, money out of thin air, which can be obtained by fulfilling simple conditions.
This little life hack will help you earn more money with only a few cards at your disposal. Not to use it means to miss a good opportunity.
The sphere of lending in our country is expanding and gaining momentum every year. Now we are witnessing another credit boom, which scares financial experts and pleases bank owners. But with all the popularity of this banking product, very few people really understand its capabilities and prospects.
Key Features
Traditionally, a loan is perceived in a negative way, and is seen as an additional monthly cost. This is how it works in most cases. People take loans from banks for personal needs, purchase household appliances, expensive accessories, cars and houses. As a result, the cost of the purchase increases several times - after all, you need to pay for the loan received, and the product itself depreciates over time.
On the other hand, it is a good financial instrument with which you can make a profit by wisely managing your funds. Money provides serious opportunities and prospects. They can be invested in assets, invested in profitable projects. There are a lot of earning options. Moreover, if the loan payments are less than the possible profit, you are going in the right direction.
The best ways to earn money
Ways to make money on a loan are often called fraudulent. This is not true, or not entirely true. There are quite legal and simple options for making a profit at the expense of credit funds. There are also controversial “gray” schemes that are also legal.
You need to understand a few simple rules:
- The money received in debt should be invested in assets. This means that the purchase of a fashionable modern TV at the expense of a loan is absolutely not justified. Buy on credit property that can be profitable, or in the future it can be sold profitably;
– When choosing options, take into account all additional commissions, hidden fees and costs (for example, for insurance, notary services, drafting a pledge agreement, etc.);
– Look for reliable investment options that are guaranteed to bring income.
Here are some simple, real and legal options for using credit funds with profit for yourself:
Mortgage. Buying a home on credit is one of the traditional schemes that have been working all over the world for a long time and effectively. At the same time, real estate purchased with bank funds is rented out, using this fee to pay off interest and debt. An additional benefit is the opportunity to receive a tax deduction from the state, in the amount of 13% of the cost of the loan (from the amount of interest paid). Not all borrowers know about this possibility, but, nevertheless, the scheme exists and works.
Business investment. The path with minimal risk is the acquisition by the enterprise of new equipment or special equipment to expand its activities. For example, if you sew to order curtains, and have a constant sales market for the product, then doubling the number of sewing machines will double your profit. The cost of servicing the loan received for the purchase of equipment should be lower than this additional income, or at least not exceed it.
Purchase of cars or special vehicles , followed by renting it out. These ways of making money on loans are sometimes called "gray". The fact is that there is an element of deception in the income generation scheme: the borrower initially does not plan to repay the debt to the bank. Having issued a loan for 5 or more years, he rents a car, for example, in a taxi. The loan is repaid slowly and most often with delays. Banks, having a pledge agreement as a guarantee, are waiting for the expiration of the agreement in order to then pick up the car through the court. And after five years of active use, the cost of this car will be much lower.
Credit cards: use them wisely
One of the easiest options is to use the grace period of a credit card, or take out an interest-free loan to buy equipment in a store (having the required amount in cash). And put the money itself at interest.
Second option. Each family has a certain monthly budget, let's say 30,000 rubles a month. You need to choose a credit card with cashback. All expenses and purchases must be paid with a credit card, and cash must be kept on a debit card, where interest is charged on the card balance. Let's say you spent 30,000 in a month, you were credited with 300 rubles of cashback, and 1%, that is, 300 rubles, was credited to the balance on the debit. At the end of the month, you pay off all the debt, in total you earn about 2% or 600 rubles. And this procedure must be repeated every month. It is very important to open all cards with free maintenance, as this will reduce your costs.
And although the profit in this case will not be so significant, but you will have a positive credit history.
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