I just wanted to share with readers a great deal I found. Doing this, you can receive a $75 credit for just 5 minutes of work!

Here are the steps I did to receive a $75 credit from my credit card issuer:

  1. Phone Credit Card Issuer
  2. Mention that you would like to cancel your credit card and would like to transfer your balance to a competing card (If you want to do some research, you can find some competing cards here)
  3. They will then transfer you to the appropriate person (this is the “retention specialist”)
  4. Questions will be asked as to why you would like to cancel
  5. Answer that you found a more attractive card and would like to transfer your balance.
  6. They will start offering incentives to stay, this is the point where you play hardball and try to extract as much as possible
  7. Enjoy your rewards for staying!

Now after getting this deal, I did a bit more research to find out if others had written about this. It turns out that there are a few factors on who credit card issuers hand out deals to, some of them are:

  • Annual Fee - Whether or not your card has a fee attached to it
  • Age of Card - How long you have had your credit card for
  • Spending Habits - How much you typically spend on your cards

Just to give you more information on what card I have to get this deal, I currently have this card:

My Credit Card

I have probably had it for over two years, and usually pay as many bills as possible on this card (which I promptly pay back right away). However, if you revolve a balance you are more profitable for the credit card company; thus, you will have a highler chance of receiving an even better offer than I did.

Hope you guys find this post useful and good luck in getting some rewards!

Share This


Tags: , , , ,