Earning Reward Points & Cashbacks update – January’20

I earned Rs.11,091 as Passive income in Jan'20. Of this, Rs.8,497 was from cashbacks and reward points. Here is my updates on how I'm earning reward points
How I'm earning reward points

January 2020 was pretty mild as I did not make any major purchases, hence earning reward points was limited. However I did manage to score a couple of small but good ones.

Get rewarded for Insurance purchases

I did!!! American Express is running a campaign for Insurance payments where you get 10 points per Rs.100 spent on Insurance payments. I did not have any insurances to pay for the month. Know what I did?

Checked with my friends and relatives if anyone had to pay theirs? I found someone who needed to. I ended up making 500 points off it.

Small savings make a big difference

Here is a screenshot from my Amazon account. Small cashbacks and rewards you collect for your day-to-day expenses, grocery purchases, mobile top-ups will at the end of the year make a big difference.

In 2019 alone, I made over Rs.26,000 from Amazon as cashbacks and rewards. Rs.22,000 in my account, another Rs.4,000 in my wife’s.

My Overall Points, Cashbacks and Rewards

Earning Reward Points & Cashbacks update - January'20

My Cashbacks and Rewards as of January’20:

All of these are in Rupees. I have used the most conservative (well below market) values to convert points and miles to Rupees.

Available Balance – Points, Rewards and cashbacks

Earning Reward Points & Cashbacks update - January'20

Redeemed Cashbacks and Rewards as of January’20:

This is as much a Passive Income as any other area. Think about it, if not for the cashbacks and points I used up, I would have spent actual cash. Thanks to the rewards and cashbacks, I could save actual cash and still buy day to day products.

Earning Reward Points & Cashbacks update - January'20

All updates for the month of December’19:

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Abhi is a 29 yr old Indian, on FIRE to retire by 40. He has been investing and learning Finance for the past 12 years. After completing Mechanical engineering, he started working in a multi-national Bank and grew to become an AVP. Currently with an IT MNC as a VP. He lives in Bangalore with his wife and their 1 year old daughter. In his free time, Abhi loves to game on the Xbox, watch movies, read and blog.

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