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Accumulate Points While At Home


Is Now A Good Time to Cut the Cord?

May 03, 2020

Over the last several years there has been an influx of credit cards on the market that provide points or cashback on all of a household's spend. These cards can give a multiple of cashback, points, or airline miles for spending on groceries, dining, gas/fuel charges; i.e. you may get 4 points per dollar for spending on dining, or 3 points for every dollar you spend on travel. These points can then be exchanged for statement credits, free hotel rooms, free or discounted airfare, gift cards, and even once in a lifetime experiences. However, what if you aren't spending as much dining out, traveling, or shopping? Here are a few ways to still earn points while sitting at home:

  • Check if your credit card has a "earn bonus points" shopping portal. Reward points companies, partner with various brands that allow you to receive a multiple of your point in addition to your normal spending.
  • Determine if your utilities or other bills can be paid with a credit card. Many cell phone, cable and internet providers, car insurance companies will allow you to pay with your credit card. You can pay each month or even set this up on automatic payment while using the credit card that gets you the best points for that type of bill.
  • Determine if it makes sense to pay your mortgage or rent online. If your lender or landlord does not allow for credit card payments, there are companies that charge a fee for this type of service, such as Plasiq, Venmo, Rentmoola, etc.
  • If you have students in college, private school, or day/aftercare find out if you can pay those costs using your credit card. Some schools and institutions allow you to pay tuition and care costs for a fee, these can sometimes help you garner thousands of points for an expense you already needed to pay for.
  • You can pay your taxes using your credit card. The IRS and your state may allow you to pay both your business and personal taxes on your credit card. Check out https://www.irs.gov/payments for various options.

These are just a few ways to continue to accumulate points while not having to leave your home! Feel free to email us to find out what the best kind of credit cards are based on your personal spending and goals.

If you would like to receive more information on making smart money moves for your future, be sure to contact us today!


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About the author

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Cristina Briboneria

Managing Director, Private CFO®

Cristina Briboneria, CFP®, ADPA®, AWMA®, Vice President, Private CFO®.

Cristina is originally from Los Angeles, California but has lived in Houston, TX, Cleveland, Ohio, and now resides in Atlanta, Ga. Cristina graduated from Oberlin College with degrees in Mathematics and History. She earned her Certified Financial Planner(TM) designation from Oglethorpe University.Cristina has also been recognized in Atlanta Magazine as one of Atlanta's Five Star Wealth Managers.

Cristina joined Ameriprise Financial in 2005 and was one of the Top 10 Advisors in her peergroup at the end of her first year. She was rewarded the Mercury Award, Centurion Award, and First Year Top Achiever Award for high achievement. She quickly moved into leadership positions as an Advisor Coach and District Manager in 2006. As a District Manager she earned the Circle of Success award when she lead her team to Top Five in the country throughout the entire company.

Since joining oXYGen, Cristina has built a successful practice of over 175 clients having awide range of demographic from business owners, corporate executives and employees, teachers, clergy, and non-profit organizations. She wanted to help build a company that was tailored specifically towards Gen X & Y."These generations have been overlooked and will be a driving force in our future economy. They will be a force to be reckoned with--many of of my clients are purpose driven individuals wanting to make a difference in their places of business but also wanting the knowledge of how to be financially responsible and successful."

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. Investor Disclosures: https://bit.ly/KF-Disclosures

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor with regard to your individual situation.

Background and qualification information is available at FINRA's BrokerCheck website.

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Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice. https://Bit.ly/KF-Disclosures

This site is published for residents of the United States only. Registered Representatives of Kestra IS and Investment Advisor Representatives of Kestra AS may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact Kestra IS Compliance Department at 844-553-7872.

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