Applying credit card for cash back reward

OneEyedDiva said:
The gas stations here in Jersey list the prices if you use cash or if you use your card. Most of the time my son gets gas from Costco now because it's cheaper and they don't accept cash. Only Costco members can get gas from their stations.
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Most here do that, at least the ones that offer a cash option. The one I mentioned is the only one I know of that shows the cash price and then charges more if you use a card (without telling you).
 

Sippican said:
Plus, you can't pump your own gas in NJ, right?
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No we cannot, generally. But there may be instances where a mini mart sells gas, the customer pumps and goes inside to pay. I can't remember if that was the case when we left the state or within the state when my husband and I used to hit the road. :unsure:
 
Sippican said:
Plus, you can't pump your own gas in NJ, right?
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They had that law in Oregon when I went through there. I was told it was a law to create jobs, and I'm all for that, but pumping gas was something I'm quite capable of myself, and I get out of the station sooner when I don't have to wait for the pumper to get to me. I still had to stick my credit card in a pump that had been doing self service duty of decades, and then wait for a guy. I look all around and see infrastructure that needs repair that would provide jobs, but they are having people pump gas.
 

JustDave said:
They had that law in Oregon when I went through there. I was told it was a law to create jobs, and I'm all for that, but pumping gas was something I'm quite capable of myself, and I get out of the station sooner when I don't have to wait for the pumper to get to me. I still had to stick my credit card in a pump that had been doing self service duty of decades, and then wait for a guy. I look all around and see infrastructure that needs repair that would provide jobs, but they are having people pump gas.
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in new jersey it is a fire code
 
oldmontana said:
That is like the many government programs. The people that know how to take advantage of the programs should thank the ones that do not bother and help pay for the programs.
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So the ones that pay for the program are the merchants and the people that carry balances every month.
The financial institutions are only tied to the brand by a contract, thats it. Hotel points are sold to the franchisee by the franchise owners. Those points are use to attract customers to put 'heads in beds'. Providing points, and customer that use those points, bring needed money to local economies, and families that work in the hotels, and tourist dollars.....they should be thanking me when I choose to use their establishments, give big tips to people working in the hotels, front desk, restaurants, valets, etc. Not like government programs at all.
 
rbtvgo said:
In general "cash back" is wonderful for the credit card companies. Very few are beneficial to the consumer.
They don't promote these things because they are losing money. Other wise "cash back" wouldn't be on the radar anymore.
Controlling your spending will give you more cash back then any program being offered. Just my opinion.
rbtvgo
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that is making the assumption that users are buying needless stuff …

that is usually the straw man argument for those who don’t get much , if anything back
 
rbtvgo said:
In general "cash back" is wonderful for the credit card companies. Very few are beneficial to the consumer.
They don't promote these things because they are losing money. Other wise "cash back" wouldn't be on the radar anymore.
Controlling your spending will give you more cash back then any program being offered. Just my opinion.
rbtvgo
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It's true that they are not in business to make less money. But I find credit cards more convenient than cash, and I wouldn't be without them. So then it comes down to which credit card should I use. First, I always pay my credit card bill before it is due, so now we can compare apples to oranges. Credit card A gives no cash back. Credit Card B gives a percentage of cash back. Which should I choose? The answer is pretty simple. And since I use my credit card almost exclusively, even for a $2 Coke at the Eazy Mart., the return builds up quite a bit. We are talking about a sizeable chunk, more than just paying for your kid's allowance. There are reasons to not have any credit cards at all, but none of them apply to my situation.
 
rbtvgo said:
In general "cash back" is wonderful for the credit card companies. Very few are beneficial to the consumer.
They don't promote these things because they are losing money. Other wise "cash back" wouldn't be on the radar anymore.
Controlling your spending will give you more cash back then any program being offered. Just my opinion.
rbtvgo
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That opinion doesn't align with factual information.
My spending is well in control and I make use of all 'cash back' and points offered. I get 10's of thousands of $ in free products and services vs. just using cash.
Just recently I wanted to make a large purchase of $2,000. I waited for a new credit card to be approved, then made the purchase with that new credit card and will pay it off when the first bill arrives with no interest. In addition to the discounts on the product, I got 140,000 hotel points that I can use for approx. 3 nights free stay, at no cost to me....nadda, zilch, nothing, all for the price of a product I was going to buy anyway.
 
I use Cash back Credit cards exclusively. I used to have only one cash back card and it was my Fidelity Visa card but I've added Walmart's Capitol One card, it is a 2-5% card, I really like their website, security and customer service. I used to chase all the 'deals' for best interest, but no longer... I'm happy with what I have.
 
mathjak107 said:
except these are rebates on what you buy not welfare…it is a discount on what you spent

sorry but credit card points are not a welfare system.

thanks for playing
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I stand by my comparison...That is like the many government programs. The people that know how to take advantage of the programs should thank the ones that do not bother and help pay for the programs.

FYI...Many of the government programs are not welfare programs.
 
rbtvgo said:
In general "cash back" is wonderful for the credit card companies. Very few are beneficial to the consumer.
They don't promote these things because they are losing money. Other wise "cash back" wouldn't be on the radar anymore.
Controlling your spending will give you more cash back then any program being offered. Just my opinion.
rbtvgo
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In my case and probably others here who use cash wisely, I have to disagree with your above statements. I use my credit cards to pay for basic things I need that I'd otherwise not get a dime in rewards for if I used cash or checks. Ya know... like food, my prescriptions, articles of clothing and obligatory charity, just to name a few. I will never skimp on vacations, so take them whenever possible.
 
oldmontana said:
I stand by my comparison...That is like the many government programs. The people that know how to take advantage of the programs should thank the ones that do not bother and help pay for the programs.

FYI...Many of the government programs are not welfare programs.
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not taking advantage of credit card rebates is no different then not taking tax deductions you could have .

both allow you to keep more of your own money you earned if you choose to take advantage of them

so you have a poor analogy to welfare
 
mathjak107 said:
not taking advantage of credit card rebates is no different then not taking tax deductions you could have .

both allow you to keep more of your own money you earned if you choose to take advantage of them

so you have a poor analogy to welfare
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I stand by my comparison...That is like the many government programs. The people that know how to take advantage of the programs should thank the ones that do not bother and help pay for the programs.

Like I said in another post to you, many government programs are to welfare programs, like many farm programs. You were wrong.
 
I don't. I have two credit cards that I have had for many years. I use them to pay bills, buy groceries and get gas. I use them as a tool to accumulate cash back. I pay off the balance as soon as it is posted to my account and never charge anything I cannot afford to pay in full. My credit is frozen with the three major credit bureaus as well as the others that are less known. My credit score is above 830. Cancelling a card can have a negative impact on your score so I don't want to sign up for a card that I will not use. Credit cards are either a curse or a blessing depending on the person who is using them.
 
oldmontana said:
Your opinion which is just that and not necessarily the truth.
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so who here is of the opinion getting your own money back as a rebate with rewards is like welfare ?

welfare is others grtting a benefit you didn’t pay for , a rebate is you keeping more of the money you earned by them handing you back some of what you spent .

let’s see what others think
 
Obviously, if you buy a refrigerator or stove that offers a rebate, its a return of some of your own money.

Companies of big ticket items have been using this sometimes in lieu of "discounts" as data has shown some don't bother to claim their rebates, therefore leaving the extra money on the "company table" to plow back into profits.
 
Liberty said:
Obviously, if you buy a refrigerator or stove that offers a rebate, its a return of some of your own money.

Companies of big ticket items have been using this sometimes in lieu of "discounts" as data has shown some don't bother to claim their rebates, therefore leaving the extra money on the "company table" to plow back into profits.
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our credit card points are just that , a rebate on what we spent .

hence the terms cash back. unlike old montana calling it like welfare
 

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