You don't have to be a financial wizard to make money out of credit. If you combine two simple strategies then you will be dollars in. The concept is quite simple really. Credit card companies offer incentives to gain new customers and you should take advantage of those incentives. One, 0% APR is very attractive, coupled with the points they give when you spend using their credit. So, the trick is to convert all your spending so that it gets spent using a credit card, making sure that you pay the balance off before the end of the month. If you can't manage to do that then make sure that you open enough cards so you can always transfer your balance to a card that is charging you 0%. There you have it. You can make money with credit cards.

Every time you buy something using 0% APR credit cards, you pay absolutely no finance charges or interest rate charges on your entire credit card balance. Just think... you can refurnish your home, pay for your child's college tuition or go out on a spending spree without paying a penny more.

With 0% APR Credit Cards it makes it possible to save money. Other cards, such as American Express credit cards, allow you to earn Amex rewards points with every purchase. In general, you earn 1 point for every dollar spent. In general, a point is worth between 1/2 to 1% of purchases, depending if you want to redeem your rewards for cash (1/2% value) or retail gift certificates and travel rewards (1%).

When you look to make money with credit cards, there are many options to choose from. I'm going to cover some of those here, but always, when messing with credit, please be careful, this is not your money you're dealing with. Here are the steps you should take:

Transfer all of your credit card balances to 0% APR credit cards. Most credit cards offer "introductory rates" at 0%. This low rate may be limited to a specific time period, such as 3 months or as long as a year. In addition, 0% APR credit cards often allow you to transfer balances (up to a specific amount) from another credit card to take advantage of the zero interest deal. But beware, once the introductory rate period ends, then the APR can go through the roof.

The idea of making money with a credit card is quite unusual. However, responsible credit card users can actually earn money from their credit cards if they follow a couple of rules. One, you must pay off the outstanding balance each month. Two you must have as many credit cards as you possibly gather. Then simply switch the balances around making sure you don't pay any interest. You then have created a cash flow of X which are then free to make money with. Big word of warning, please don't use credit cards as a source of long term finance, there are much cheaper options.

Cash back credit cards are a fantastic way for you to make some cash while spending on your credit card, although it does only suit the customers who pay their bill in full at the end of each month.