Anyone working their Rewards on their Checking/Visa cards?

[bigtendominator]

Wildcat, That depends on how close to EV all your purchases are. The more stuff a person buys, the more likely it is they would have ended up valuing the cash more than the stuff. If these programs didn't encourage people to buy more than they otherwise would, they wouldn't offer them. So to maximize value, expected or otherwise, it can be a big help to not approach buying stuff as an asset

I have Visa to mail me Target gift cards a few times a year. All I see it as is that they're profits they make off me losing my money to stores and shit is a lot more than $25 every two or three months

What you think all of us are like those who pay interest and spend above are means or buy things we don't need?


Looks like you think everyone lacks self control and spends money on things we don't need. I charge about $6-10K a month for work related activities. Why would I let 72-100K in miles a year go.

 

[TomGshotput]

I need gas for my trucks, i need cheese for my business, etc....i don't just go buy "stuff" to earn points.hno:

Is every single mile driven really a need or are some discretionary?

(around here, at least, it is good to carry cash if only for gas, as the cheapest priced stations all have surcharges for credit/debit)

 

[bigtendominator]

Is every single mile driven really a need or are some discretionary?

(around here, at least, it is good to carry cash if only for gas, as the cheapest priced stations all have surcharges for credit/debit)

They charge extra if you don't pay by cash?

 

[TomGshotput]

What you think all of us are like those who pay interest and spend above are means or buy things we don't need?

Exactly. Needs are food and water, sleep and shelter. Anything above that is a want. There is absolutely nothing wrong with buying stuff you don't need, my only disagreement is that spending money is never making money

And yes, some stations will charge an extra five to 10-cents per gallon or a flat 45- to 75-cent charge per transaction for using a card. Most don't, but they just charge hire prices per gallon no matter how you pay for it

 

[doubledeuce22]

Exactly. Needs are food and water, sleep and shelter. Anything above that is a want. There is absolutely nothing wrong with buying stuff you don't need, my only disagreement is that spending money is never making money

And yes, some stations will charge an extra five to 10-cents per gallon or a flat 45- to 75-cent charge per transaction for using a card. Most don't, but they just charge hire prices per gallon no matter how you pay for it

what don't you get?

if a person is going to buy something, say a shirt. said person has the money, but instead of whipping out debit card, you use credit card and pay off at end of the month, as (what a concept) you are buying something you can afford.

why turn down airfare, travel rewards, etc?

and small business owners can do very well with the cash back that many places offer.

many cc companies offer incentives, as even without interest, they make money by people simply using the card.

its a win win for the consumer who actually buys shit they can afford (and were going to buy anyways).

some of your comments in this thread lend me to think you aren't aware of what some smart people are doing or how it works.

 

[bigtendominator]

Exactly. Needs are food and water, sleep and shelter. Anything above that is a want. There is absolutely nothing wrong with buying stuff you don't need, my only disagreement is that spending money is never making money

And yes, some stations will charge an extra five to 10-cents per gallon or a flat 45- to 75-cent charge per transaction for using a card. Most don't, but they just charge hire prices per gallon no matter how you pay for it

Sometimes you have to spend money to make money.

 

[FairWarning]

Exactly. Needs are food and water, sleep and shelter. Anything above that is a want. There is absolutely nothing wrong with buying stuff you don't need, my only disagreement is that spending money is never making money

And yes, some stations will charge an extra five to 10-cents per gallon or a flat 45- to 75-cent charge per transaction for using a card. Most don't, but they just charge hire prices per gallon no matter how you pay for it

I have to fill up the work truck and take it out of the cash I bring in. Why not put it on my Amex gold card and get the cash from my boss? I have to pay the balance in full every month anyway. Its free money. You have to spend money to make money.

 

[bigbet1234]

Well, not everyone here is from "around here"

You have to much time on your hands.

You're one of those guys that has to be right.

You win, I agree with your twisted logic

Is every single mile driven really a need or are some discretionary?

(around here, at least, it is good to carry cash if only for gas, as the cheapest priced stations all have surcharges for credit/debit)

 

[Fishhead]

I need gas for my trucks, i need cheese for my business, etc....i don't just go buy "stuff" to earn points.hno:

Thanks for the laugh BB........this was classic.

 

[TomGshotput]

what don't you get?

if a person is going to buy something, say a shirt. said person has the money, but instead of whipping out debit card, you use credit card and pay off at end of the month, as (what a concept) you are buying something you can afford.

why turn down airfare, travel rewards, etc?

I do get that completely. And there is no reason to turn down whatever they offer if you really want the shirt. I take it, too. But why does everyone else refuse to believe that if you buy a shirt for $10, you are not making 50-cents, you are losing $9.50?

 

[aceduecetrey]

I do get that completely. And there is no reason to turn down whatever they offer if you really want the shirt. I take it, too. But why does everyone else refuse to believe that if you buy a shirt for $10, you are not making 50-cents, you are losing $9.50?

How are you losing $9.50? You are getting a $10 shirt in return for your $9.50.

 

[bigtendominator]

I do get that completely. And there is no reason to turn down whatever they offer if you really want the shirt. I take it, too. But why does everyone else refuse to believe that if you buy a shirt for $10, you are not making 50-cents, you are losing $9.50?

No, you are losing $10, but my job does not allow you to go shirtless. So, that is fixed operating cost.

So, I take it you don't own any shirts?

 

[TomGshotput]

I own shirts. But even when I paid money for them using the credit card, I still lost money, didn't make any

 

[TomGshotput]

Where I work, can't go topless either. I could just alternated between therx.com shirts and other ones I picked up for free, though. I can also pay anywhere from $3 to $3 000 (or possibly more) for ones, so the cost absolutely isn't fixed, it's highly variable

 

[quantumleap]

sounds absurd, im sure if you apply here and there at stands that exist in shopping malls and such that you will be able to find a card. also are there not some cards where you can pay in advance, so there is no risk to the card company, this way you could still use the card.

The cards where you pay in advance are for people with bad credit. I'm afraid potential creditors would look at that as a negative. I'll try some of the lesser-known companies. When I worked for a credit card company and people were denied over the phone for lack of credit we told them to get a department store credit card. Maybe I'll do that.

 

[Dwight_Schrute]

I own shirts. But even when I paid money for them using the credit card, I still lost money, didn't make any

As soon as you step out of the house you are spending money. Even sitting at home you are spending money on electricity, gas, water, etc. simply to live. Why WOULDNT you pay this with a credit card that has some type of reward system? Your logic is severly flawed. Seems like you are trying to throw a few big words out and attempting to merely sound smart

 

[TomGshotput]

DS, except for the few places that charge extra to use a card, where did I ever say someone shouldn't pay for expenses on a card that offers rewards?

The logic is simply that sitting at home using electricity, gas and water is costing money, not making money, no matter what airline miles or cashback is offered. How is that flawed?

Do you really consider any of the words you quoted to be "big"?

 

[Dante]

I have an 800+ credit score, no delinquencies. I heard I could get an even better credit score if I had revolving credit and I wanted to get some rewards like you guys mention. I applied for a credit card and was denied because I don't have enough charge accounts.

:think2:

Anyone know a credit company who will give me a credit card?

QL... if your not paying for everything with a rewards card and getting the bonus $$ and paying off every month I would start man your a sharp guy this is smart to do its FREE money totally of your religious about paying the balance off each month

 

[CoachCB]

I pay my credit card off every month....haven't paid interest since I was in my 20's (over 10 years). I have a Marriott Rewards card. I have over 400,000 points. I just used some of the points to transfer over to United Plus so I can fly home from Vegas in 1st class.

400,000 points at Marriott can pretty much get me 3-4 weeks of hotels anywhere in the world.

It's a great deal. I pay an annual fee of $30 for the card, which also comes w/ one night free per year. I stayed over 75 nights the last 2 years (due to travel w/ the Coast Guard). I'm a Platinum member, and when I stay at a Marriott I'm very well taken care of.....


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[daboyzinblue]

Exactly. Needs are food and water, sleep and shelter. Anything above that is a want. There is absolutely nothing wrong with buying stuff you don't need, my only disagreement is that spending money is never making money

And yes, some stations will charge an extra five to 10-cents per gallon or a flat 45- to 75-cent charge per transaction for using a card. Most don't, but they just charge hire prices per gallon no matter how you pay for it

Wow u have sad life if f&b is the only thing u willing 2 spend $ on. Surprised u have pc & internet..wut a waste of cash.