Do you play the cash back credit card game ??

I

Islandgypsy

New Member
With investment return rates so low, one can actually equal or even exceed those rates by redeeming the cash back money offered by many credit card companies. Check out “nerd wallet” on the internet.
 

mathjak107 said:
we pay everything we can on our cards and pay them off when due ..we have thousands of dollars in points
Click to expand...
I do the same. We eat out most of the time. Restaurant charges give us 2 percent back. I get 7 cents back on my morning bagel and coffee $3.96 bill. And the political alarmists talk about leaving this country🤡 I have the same cash bills in my wallet for weeks. Credit card only😊
 
we do as well, pay most things with card for cash points, pay the card off each month. I am working my way to be coming a thousandair.
we make about about 30 bucks a month turn it into 40 and call it our funny money.
 
Nope.

My only credit card is through a credit union that I have been with for over 40 years. It has no fees and no gimmicks and that's the way I like things to be.
 
Last edited:
I have a cash back Discover card. I save up the cash back to put towards higher ticket items on Amazon. I can use the cash there as long as I pay with the Discover
 
we have the chase sapphire reserve card . we got 60,000 points for signing on .. they paid for my tsa pre check too .. we get 3 points on travel and dinning .. but all our points are multiplied by 50% when used on the chase/expedia travel portal .. we also use the other chase cards which offer up to 5% back on certain categories , then transfer it to the sapphire for a 50% boost
 
I use my Kroger points to purchase gas at 2% discount and pay for it with my credit card getting 3% back on gas purchases= 5% on gas purchases. I use a Dodge affiliated Master Card on all other purchases building points on a new truck purchase.
 
There are many sources for choosing which credit card is best for your own special buying habits. It is very advisable to look them up.
When choosing a card make sure you are aware there are typically maximums on getting cash back. If you exceed those maximums during any year you are not getting any benefit at all.
 
mathjak107 said:
what is a gimmick ? you mean them giving you back money on whatever you spend is a gimmick ?
Click to expand...

It's a gimmick to get me to switch to their credit card.

I've been with the same credit union for 43 years. They've been good to me. I'm going to be good to them. Being disloyal to chase a couple of bucks is not in my nature.
 
I consider it a strategy...not a game. In fact a few years I wrote a blog entitled "How To Make Money Using Your Credit Cards". I use several cash back cards, some of which I hadn't even intended to get but the bonuses and 0% APR for 18 months got me. Each card has it's own particular benefit.

Then there's managing what card to use when. It can be complicated but I just listed the percent cash back in what categories for each in my notepad app until I had it memorized. Discover and Chase Freedom have 5% bonuses in categories that change quarterly. I also make note of and take advantage of whenever possible. This year I've gotten back $613 cash (which I applied to the card payments) with another $17 on hold, awaiting the $25 mark. I lost track but estimate I've gotten about $6,000 (or more) in cash back rewards over the past 11 years. That's net because I never pay interest or fees.
 
mathjak107 said:
money is not a god but if i saw a grand laying on the street waiting to be picked up i can tell you i certainly would take that low hanging fruit
Click to expand...
Funny, that's what I often tell my hub about "coupons"...lol. Of course he sees the value in the points or money back credit cards (our fav is Amazon), but he wouldn't bother with coupons. Hey, saved over 30 bucks this week, already!
 

You must log in or register to reply here.

Back
Top