Step 4: use methods to maximize benefits

Use a Credit Card to Pay Living Expenses

To receive the maximum benefits of your BLOC, use a credit card to pay for all living expenses:

benefits:
• get a 25-day grace period of no interest
• enjoy ease of use
• earn benefits and rebate awards
• insure protection against lost and stolen cards

use your card to:
• buy groceries,
• gas and other transportation services
• utility services
• insurance
• supplies
• entertainment
• all other living and needed expenses

 

Payoff Each Month:

When your credit card payment comes due, use your BLOC to payoff your credit card.

That gives you 25 days of FREE money — which means the average daily balance on your BLOC account will remain low for minimum interest charged — this allows you to use the bank's money.

 

Find Your Card:

1: If you can budget and control your spending, use a reward credit card to build award points:

view module on maximizing credit card use for reward gain

2: if you are unable to control spending because of the ease of credit cards, consider using pre-paid cards to manage spending. You will advance funds from your BLOC to deposit funds into your pre-paid card:

find pre-paid credit cards