People often view credit cards as simply a fast-track route to debt. Used sensibly, however, cards can actually make you money.

A word of caution, however. The methods set out in this article do depend on you paying off the balance on your card/s every month, so you are not charged any interest. If you have an outstanding debt on your card/s that you cannot pay off completely, the best advice is to transfer it to a new card with a O% introductory balance transfer rate, and aim to pay off the entire debt before the 0% offer period expires.

The first, and simplest, method you can use for making money from credit cards is to get one with cashback. With these cards, for every dollar you spend, your card issuer will give you back some money, usually in a single payment made once a year.

The amount paid back is calculated as a percentage of your total spending. Percentages vary, but typically range from 0.5% to 2%. Some card issuers pay higher rates for purchases in some categories or made through certain retailers. The Discover