Many people are turning the incentive program of points and rewards from using credit cards, and turning them into debt solving power machines. Not only can you turn your credit cards into a benefit spouting monster, but you can continue to earn your rewards and take advantage of the prizes available if performance based debt resolution is not for you.
Banks and companies like Amazon.com, Statefarm, and Countrywide are a few examples of big business that offer cash or principle rewards that can drastically effect your financial future. Using your creditcard for purchases, you can easily start applying points from credit cards to your mortgage , insurance, or even office supplies.
Counterproductive to resolving all debt, it channels your spending into one clear source and rewards you based on volume. Normally these rewards would be paid for easily by your creditor from proceeds made from your interest rates and other fees - however if you are not greedy and can do some simple financial planning - you can improve your existing credit while removing other debt or creating other rewards along the way.
