THGL

With more and more cash rewards credit cards being offered, I started thinking, "why not get one and pay every bill and make every purchase with one then get a nice little check at the end of the year?"

Through a small local bank, I was given an interest-bearing checking account with no fees or minimums (my main account is at a different bank). I could close my main account and start using this checking account and earn a little interest. Then, once a month, write one check and pay off the balance on the credit card.

So I'll get interest paid on my money sitting in the checking account and get paid 1% for all my purchases/bills I make on the card.

Is this a win/win situation or am I missing something?

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"The truth is merely an excuse for lack of imagination." - Garak