SLIDE 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 or debt cards to manage spending
