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→How to use your rewards
*#Frequently take the points out, in the form of a check or transfer to your checking account, or as a statement credit. This has a couple advantages:
*##If you do this you can put the cash in something like a High Yield Savings account (check out [https://www.wealthfront.com/ Wealtfront] which currently provides High Yield Savings accounts with a 1.82% APY. This means you earn a little bit of interest on the money in the account. Now you are earning interest on the cashback that is sitting around waiting to be used.
*##Some of these cards only offer cashback as a statement credit. If you save up the rewards and can only redeem for a statement credit, you can't really "use" the money immediately unless you charge your new expense to that card. If you take the statement credit and then move the equivalent amount from your checking to your High Yield Savings it essentially gives you access to those funds.
=Beginner: Citi Double Cash Card=
