Cheddarblog

The Swiss_Mouse uses Capital One’s No Hassle Miles credit card as his primary means of paying for any transaction. FIRST, let him say, he pays off the balance in full EVERY MONTH.

However the Swiss_Mouse uses this card because it does several things for him. It allows him to carry less cash on hand, it allows him to make a single payment to multiple providers of service/goods, it allows him to record a single item in his check register as opposed to dozens over the course of a month.

In addition, it gives him “miles”. Now while others would say it’s “not worth the effort”, the Swiss_Mouse would rather get something than nothing when using a credit card. He has purchased or been rebated at least 7 or 8 airline tickets over the last 10 years and that amounts to maybe $2400 or so.

Recently the Swiss_Mouse received an offer from Capital One that he may look into. The Capital One Rewards Money Market account is a high yield money market, as of 11/14 it is 4.44% but the kicker is for every $20 of average balance during a month, you earn 1 mile.  This is petty good.  For a $10,000 emergency fund, you could earn approximately 500 miles month.  Leaving the interest to accumulate pays off even better!  Not only monetarily but also miles-wise.

Right now the Swiss_Mouse can get a 2500 mile bonus for signing up.  He may do this with a portion of his emergency fund.  Cheddar and miles.  That is almost as unbeatable combination as Cheddar and Beer.

Almost.