I recently obtained a business loan to use in connection with a transfer of some of the business card debt I have. After the lender deposited the new loan funds into my business account, I started the process of paying off the card.
Something told me to call the bank to confirm the balance due on the card before making a payment online. When I listened to the uncircumventable automated list of account details, I learned that I had $500.33 of cash rewards available on the card.
When I listened to the uncircumventable automated list of account details, I learned that I had $500.33 of cash rewards available on the card.
~ single girl
What?!!! I had no idea I had these rewards available! When I looked at the card information online, my account showed that I had zero dollars of rewards, so hearing that I had that much money available was extremely surprising. That’s a lot of money! It’s just over the amount I was paying in monthly finance charges (about $483/month!).
I waited to speak to a representative and we went through the process of applying the available rewards to the balance of the business card.
LESSON: Before paying off a credit card with “rewards,” confirm what rewards you might have available so you don’t miss out on them.
I’m grateful for this win.