Penny-pinching news

In my continuing effort to excel at frugality, I discovered that it is possible to find some very good deals on cash-back credit cards. We now have two cards (a Citi Visa and a Mastercard from Chase) that each pay 5% cash back on groceries, gas and drug store purchases, and 1% on other purchases, with no fees. In less than 6 months we have received $300 cash back. I was skeptical until we actually got our first check in the mail, but the credit card companies will actually send us money. There is one thing to watch out for: The best (5%) cash-back cards may have a maximum cash-back payout of $300 per year. We are working around this by getting a new card each time we hit the maximum cash back per year. But I think its well worth the trouble, since I expect we will get about $600 to $700 back this year, for maybe a couple of hours of work.

One place to start looking for cash-back credit cards is to Google search for best cash back credit cards. I think the credit card companies expect that we won't pay our balances in full every month, but we are proving them wrong, and taking their money for a change.