Posted byon February 11, 2011
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As we all know, I’m a 5% cash back credit cards rewards junkie.
So when I heard about the new Chase AARP credit card that earns unlimited 5% cash back on everything… I couldn’t resist!
It’s Free Money Friday! Let’s celebrate with the new AARP Chase credit card!
No Effort Required. When I mentioned the 8 Ways To Maximize Cash Rewards using the Discover More card, a reader Executioner, thought it seemed like a lot of effort to make the cash back. The Chase AARP card is a dream come true for those of you who like to use just one card for everything.
Dollar Coins. Do I even have to mention this is going to be my new favorite card for racking up purchases with the US Mint? An unlimited 5% cash back has opportunity written all over it!
Reallocate Credit Lines. If you want to score a huge credit line to make the purchases above in massive quantities to really work the 5% cash back, rumor has it over at Fatwallet that reallocation at Chase for the AARP credit card is alive. I’ve used reallocation in the past successfully. To verify, I called the Chase lending number at 888-298-5623, and they said they’d be happy to move around my credit limits once I get the new card in the mail; I plan to move some of my excess credit limits on my Chase Slate card and my Chase Freedom card.
Coordinate With Your Spouse. Since the AARP membership includes a free membership for your spouse, you can coordinate your 5% cash back to make it last a year. Once your six months for 5% cash back on your AARP Visa are up, then open a new AARP Chase credit card for your spouse to get another six months of cash back.
Your Thoughts About AARP. I do want to acknowledge the comments by a reader Rory, yesterday. He voiced concern about the AARP organization. As always, I encourage you to only take advantage of deals that you feel comfortable with. If the AARP’s mission doesn’t align with your values, then by all means, pass on this deal. There will always be another Free Money deal…. next Friday of course!
Update: Here’s a summary of how I maximized the AARP cash back card in my last month for $885 worth of cash back. Purchases included prepaid utilities and bills, American Express Gift cards, tax payments and more.
However, now that my AARP run is over, I’m moving onto the American Express 6% Cash Back Credit Card!