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Start Making Money with $100

Posted on 29 November 2007

There are a lot of articles telling you how to invest with only $100. There is an article at MSN.com says $1 in 1972 will turn into $30 or more around 2000. Yes, it’s true. However, we can’t wait so long. Considering the inflation rate, it’s quite possible that the purchase ability of $30 in 2000 will be less than $1 in 1972. So here I summarize a way to get huge rewards for just only $100. This idea has been in my mind for a long time since I just started writing blog. Of course, it will take you a lot of time to finish this “investing project”.bonus2.png

Note: Only nationwide offers are considered. The financial institutes listed below are always offering sing-up bonuses. So you don’t have to worry about the expiration date. When you are ready for the next step, you’d better google the current bonus before opening a new account.

Open a MyAccess Checking Account at Bank of America and you will get $100 in about 45 days. (If you are lucky enough, you will get $200. I got $200 but I don’t know why.) No direct deposit required, and no monthly fees associated with this account.

Then you will have $200 in hand. You can open a checking account at Wells Fargo and Wachovia. Either of them will give you $50 bonus. The required minimum initial deposit is $100 each. So after 2 month, you will get $300.

The nest step is to open an account at ING? You can get $25 bonus which is available in 30 days.

Ok, right now, you have the “direct deposit machine” to play direct deposit at Chase. Open a Chase Free Checking account with direct deposit with $100 initial deposit. (Use the account at ING to send a small amount to the account monthly.) You will have $100 bonus 30 days later. (If you can find a $125 coupon, you will get $125.)

So you will have $425 at this time. You might want to choose LaSalle to get another $100. This time they require $250 at checking and $100 at saving to qualify for this offer. Present customers are also eligible for this offer as long as you open the account with new money.

Then you will get $525 after you get $100 from LaSalle. You can open a Citi Ultimate Saving Account to get $50 bonus. You can also get $25 from E*Trade Complete Saving Account and Capital One Money Market Account. They both require $1 to get the bonus. So you will have $625 after you get all the bonuses.

Of course, you can get $50 from ShareBuilder with lots of promotion codes available. Considering the commission fees should be deducted, you will get $30 from it. So you can get $655 at this time. You can also participate in the Keep the Change program at BOA which will bring $250 to you in a year.

At last, you can also get $250 potential money by referring your friends to open accounts at ING. Anyway, after the “Investing Project”, you can get as high as $1155! It’s an unbelievable amount!

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Link: http://www.mycardblog.com/2007/11/start-making-money-with-100/

This post was written by:

David - who has written 429 posts on MyCardBlog.com.

David is curious about the offers from credit card companies and banks. He is writing articles about credit cards and banking at MyCardBlog.com. If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.

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7 Comments For This Post

  1. Stars says:

    Cardoffer:

    It’s nice to have free money, but will it be worthwhile to keep some many accounts? Just a thought.

    You have a really nice blog, btw.

  2. David says:

    Hi Stars. Thank you for your comment. Yes, it’s difficult to manage so many accounts. Maybe the next step is to cancel the account one by one……

  3. Faye says:

    Hi Cardoffer, Nice blog! But is there any penalty if I get the bonus and close the Wells Fargo account immediately? Thanks.

  4. David says:

    Hi Faye. Thank you very much. It’s fine to close the account after you get the bonus. PLEASE don’t rob the bank to get the $50—http://www.wftv.com/irresistible/14463917/detail.html.

  5. Stars says:

    Cardoffer:

    Do you think the monthly transfer from ING direct qualifies as “direct deposit”? Or do you have real life experience that this will qualify? thanks!

  6. David says:

    Yes. It works perfectly.

  7. Stars says:

    thanks a lot!

1 Trackbacks For This Post

  1. A Brief Review of ING Orange Saving Account - Credit Card & Bank - Get Money from Banks says:

    [...] received a lot of emails about my previous posts—“How to Make Money with $100”. I mentioned that if you have an ING orange saving account, you can get up to $250 bonus by [...]

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