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February 07, 2007

How to live off your credit card bonus points

Kate Carson's favorite indulgences are monthly facials and massages at Elizabeth Arden. The best part: She doesn't pay a cent for such treats, which cost $200 or more. The bill is taken care of by her unwitting employer, Stockamp, a health care consulting company.

Carson isn't involved in any type of illicit behavior. She's making the most of her corporate credit card by racking up rewards points.

As a recruiting manager for Stockamp, she gets sent around the country, and charges meals, car rentals, hotels and events to her corporate American Express card. For each dollar she spends, she earns one or more Membership Rewards points. "There's almost nothing I can't buy with points," says Carson. "It's great."

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