dna4ever 2 Posted December 3, 2008 Share Posted December 3, 2008 After doing a little refinancing and restructuring I'm now officially credit card free although home equity heavy now, but thats beside the point.Have a good budget in place now and I've heard a lot about people using rewards cards to pay their bills with and pay off the rewards card each month just like its a debit card, but enjoy some extra benefits.I've been looking at the AmX Cash Blue card (Pros: no annual fee, pretty decent cash back options; Cons: Not every place accepts AmX) and the Southwest Visa Card (Pros: Would definitely get at least 1 free round trip flight per year, Cons: $60 annual fee, no actual cash back).There are a couple good websites out there that compare a lot of the reward cards. The standard is pretty much 1% cash back on anything and up to 5% cash back if you spend a certain amount or spend at certain places like gas stations, grocery stores, etc. Anyone have a good card they recommend? Figure if I can earn an $15 - $25/month doing the same things I'm doing now, but by using a rewards card then it's a good deal. Link to post Share on other sites
Suited_Up 2 Posted December 3, 2008 Share Posted December 3, 2008 I don't know the details, I looked quickly at the Amex one, cause Brigette has the regular Blue card, and she uses points from that for things sometimes. Gift certificates, hotel stays, stuff like that. But never knew about the cash one.All that being said though, I'd go with whatever one you can get the lowest rate on. Link to post Share on other sites
El Guapo 8 Posted December 3, 2008 Share Posted December 3, 2008 No interest, no payments, but you don't get mileage, that's the only downside. Link to post Share on other sites
chrozzo 19 Posted December 3, 2008 Share Posted December 3, 2008 No interest, no payments, but you don't get mileage, that's the only downside. Link to post Share on other sites
dna4ever 2 Posted December 3, 2008 Author Share Posted December 3, 2008 I don't know the details, I looked quickly at the Amex one, cause Brigette has the regular Blue card, and she uses points from that for things sometimes. Gift certificates, hotel stays, stuff like that. But never knew about the cash one.All that being said though, I'd go with whatever one you can get the lowest rate on.Interest rate is not even a factor here, this card will never carry a monthly balance.No interest, no payments, but you don't get mileage, that's the only downside.Awesome! Link to post Share on other sites
Balloon guy 158 Posted December 3, 2008 Share Posted December 3, 2008 Rake back on your credit card?I use the skymiles AMEX for business, don't pay for most airfaresBut I also pay $350 a year dues Link to post Share on other sites
dna4ever 2 Posted December 3, 2008 Author Share Posted December 3, 2008 Rake back on your credit card?Nice, never thought of it that way. I can't believe Kurt doesnt have a link in his signature with an option for me. Link to post Share on other sites
Suited_Up 2 Posted December 3, 2008 Share Posted December 3, 2008 Nice, never thought of it that way. I can't believe Kurt doesnt have a link in his signature with an option for me.Hmmm... I should look into this. Link to post Share on other sites
HollywoodAFD 0 Posted December 3, 2008 Share Posted December 3, 2008 CitiCard ... sign up for the ThankYou rewards program..I pay no annual dues... no idea what the interest rate is...I always pay it off each month.I'm getting a Tom Tom for one of my cars this month. They have TONS of gifts and gift cards you can get. I usually opt for the Best Buy $50 gift card because you can always use one of those. Link to post Share on other sites
nutzbuster 7 Posted December 3, 2008 Share Posted December 3, 2008 I've been looking at the AmX Cash Blue card (Pros: no annual fee, pretty decent cash back options; Cons: Not every place accepts AmX) and the Southwest Visa Card (Pros: Would definitely get at least 1 free round trip flight per year, Cons: $60 annual fee, no actual cash back).AMEX Blue has never given me any problems. SW card has benefits if you fly a ton.No interest, no payments, but you don't get mileage, that's the only downside.on second thought, forget everything else.... Link to post Share on other sites
Governator 54 Posted December 3, 2008 Share Posted December 3, 2008 This is definitely a topic for Bob to get involved with. He's the rewards masta. Link to post Share on other sites
brvheart 1,752 Posted December 3, 2008 Share Posted December 3, 2008 After doing a little refinancing and restructuring I'm now officially credit card free although home equity heavy now, but thats beside the point.Have a good budget in place now and I've heard a lot about people using rewards cards to pay their bills with and pay off the rewards card each month just like its a debit card, but enjoy some extra benefits.I've been looking at the AmX Cash Blue card (Pros: no annual fee, pretty decent cash back options; Cons: Not every place accepts AmX) and the Southwest Visa Card (Pros: Would definitely get at least 1 free round trip flight per year, Cons: $60 annual fee, no actual cash back).There are a couple good websites out there that compare a lot of the reward cards. The standard is pretty much 1% cash back on anything and up to 5% cash back if you spend a certain amount or spend at certain places like gas stations, grocery stores, etc. Anyone have a good card they recommend? Figure if I can earn an $15 - $25/month doing the same things I'm doing now, but by using a rewards card then it's a good deal.I have a Blue Cash card and it's a good card. Most, if not all, of the airline cards have a hefty annual fee. I also love my Chase Freedom card. No annual fee, and 5% cash back on groceries, gas, and restaurants. Which covers almost all of my expenses... but just in case you buy something else.. you get 3% on that.EDIT: It appears I was able to sneak in before the financial collapse and now it's totally changed. http://www.chasefreedomnow.com/offer_details/ Link to post Share on other sites
dna4ever 2 Posted December 4, 2008 Author Share Posted December 4, 2008 Went with the AmX Blue Cash Card.My my estimates we should earn a minimum of $300 and possibly as much as $800 per year in cash back base on what I will expect to spend on it.Free Money = g00d Link to post Share on other sites
fryer98 30 Posted December 4, 2008 Share Posted December 4, 2008 Rake back on your credit card?I have an official JaysonWeber credit card for this. Link to post Share on other sites
dna4ever 2 Posted December 4, 2008 Author Share Posted December 4, 2008 I have an official JaysonWeber credit card for this.nice Link to post Share on other sites
dna4ever 2 Posted August 7, 2009 Author Share Posted August 7, 2009 Went with the AmX Blue Cash Card.My my estimates we should earn a minimum of $300 and possibly as much as $800 per year in cash back base on what I will expect to spend on it.Free Money = g00djust crossed the $300 cash back mark as of my July statement. Took from December - April to get to the $10K mark which is when the rates change from 0.5%/1.5% to 1.25%/5%. Looks like averaging about $70/month cash back right now at this level and it resets in December so thinking should be somewhere around $500 - $600 cash back for the year when all is said in done.Pretty good bargain for just using that card to buy stuff I was buying anyways. Link to post Share on other sites
dna4ever 2 Posted December 4, 2009 Author Share Posted December 4, 2009 Sweet Christmas Time Bonus12/02/2009 Wed YOUR ANNUAL CASH REWARD IS $554.02 Two thumbs up for free mobnies! Link to post Share on other sites
JoeyJoJo 18 Posted December 4, 2009 Share Posted December 4, 2009 12/02/2009 Wed YOUR ANNUAL CASH REWARD IS $554.02That seems like a lot of credit card spending. I think the last reward I got was $60, but that was because I got a free $50 for signing up. Link to post Share on other sites
LongLiveYorke 38 Posted December 4, 2009 Share Posted December 4, 2009 Heck, while you're at it, why don't you get two rewareds credit cards. You can pay all your bills with credit card A to get rewards, and then pay off credit card A with credit card B to get even more rewards.And why even stop there. You could then go back and pay off credit card B with credit card A, earning even more rewards! Do this infinitely many times and you'll pretty much be the richest man alive. GL. Link to post Share on other sites
speedz99 145 Posted December 4, 2009 Share Posted December 4, 2009 Heck, while you're at it, why don't you get two rewareds credit cards. You can pay all your bills with credit card A to get rewards, and then pay off credit card A with credit card B to get even more rewards.And why even stop there. You could then go back and pay off credit card B with credit card A, earning even more rewards! Do this infinitely many times and you'll pretty much be the richest man alive. GL.Also, go to the casino specifically to play roulette. Bet on black every time. Every time you win, pocket that amount. If you lose, just double your bet until you win it back. How can that go wrong!?! Link to post Share on other sites
dna4ever 2 Posted December 4, 2009 Author Share Posted December 4, 2009 That seems like a lot of credit card spending. I think the last reward I got was $60, but that was because I got a free $50 for signing up.The first $6500 of each 'year' which is based on your signup date you get .5% on every thing you buy and 1% on like groceries, gas, drug stores, etc. After you reach $6500 you start getting 1.5% on everything and 5% on the groceries, gas, drugstores, etc.From Dec 08 - Dec 09 we spent $23,874.23 which earned us the $554.02 which is a net 2.3% total cash back.We never let it carry a balance and just used it for stuff we would normally use our debit card for. Link to post Share on other sites
LongLiveYorke 38 Posted December 4, 2009 Share Posted December 4, 2009 Also, go to the casino specifically to play roulette. Bet on black every time. Every time you win, pocket that amount. If you lose, just double your bet until you win it back. How can that go wrong!?!... oh my god, you're a genius. I'm off to Vegas, baby! See you suckers later! Link to post Share on other sites
JoeyJoJo 18 Posted December 4, 2009 Share Posted December 4, 2009 From Dec 08 - Dec 09 we spent $23,874.23 which earned us the $554.02 which is a net 2.3% total cash back.We never let it carry a balance and just used it for stuff we would normally use our debit card for.Hmm, still seems like a lot. I'm going to need to see your tax returns, personal financial statements, and bank statements for the last three years. Link to post Share on other sites
dna4ever 2 Posted December 4, 2009 Author Share Posted December 4, 2009 Also, go to the casino specifically to play roulette. Bet on black every time. Every time you win, pocket that amount. If you lose, just double your bet until you win it back. How can that go wrong!?!I wonder if there is any roulette or blackjack game that has ever been played without a cap? Martingale is a genius idea if wasnt for the damn cap Link to post Share on other sites
qyayqi 11 Posted December 4, 2009 Share Posted December 4, 2009 Hmm, still seems like a lot. I'm going to need to see your tax returns, personal financial statements, and bank statements for the last three years.you're going to kill this place if you ask for that in the form of a graph. so don't do it, joeyjoejoj . don't. Link to post Share on other sites
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