http://www.dailyfinance.com/2011/08/10/how-i-turned-75-into-450/
Here's how someone else does it.....
Vindication!
For Monkey Mama
August 14th, 2011 at 02:37 pm
August 14th, 2011 at 02:58 pm 1313333903
Likewise, you can actually ask and have annual fees removed. So, not the best strategy I have seen.
(I admit am paying a $99 fee for a $500 gift card reward, but I only decided to do that since Chase gave me $1000 cash - decided to re-invest those rewards. This is the first annual fee I Will have ever paid in my life, and reminds me that I should call and ask them to waive it. I did sign up for 3 other cards with fees, but they all waived the fee for the first year. I will close all those cards after the first few months to avoid any future fees. Just to clarify).
If Robyn shopped around credit card offers, she could easily do better!
But yes - I have carried credit cards for about 20 years and never paid a cent to the credit card companies in fees. I Can identify with that part of the article and how you can come out ahead with credit card rewards. I've been doing it for almost 20 years. I've always gotten 1% cash back - at the least!