Get Paid for Being Money-Smarthttp://www.fool.com/how-to-invest/personal-finance/credit/2012/02/08/get-paid-for-being-money-smart.aspx Dan Caplinger
February 8, 2012
The financial business is a dog-eat-dog world. So when companies decide it's time to fight for your business, it pays to play hard-to-get -- because the price financial firms are willing to pay to get you to become a customer has gone higher than ever.
Below, I'll share two tips that have earned me thousands of dollars over the years. But first, let's take a look at why financial companies are willing to be so cutthroat to earn your business.
Looking for the right people
But once banks had to start writing off those loans, the importance of a high credit rating rose dramatically. Suddenly, those freeloaders were valued customers again -- and rightfully so, given their dependability even in the midst of a tough recession. And with financial institutions trying to make the most of the new normal in the U.S., grabbing up those valued customers is worth paying for.
Get the credit you deserve
It's true that opening card accounts with the intent of closing them soon after getting your rewards will hurt your credit score somewhat. But if you have flawless credit, then sacrificing a few points shouldn't cost you much -- compared to what you c