I don't have high limits yet. I have two cards both at $2500 and my other two cards are between $1000-$1100. One of the reasons I want a high limit card is for vacations! I could easy match $5000 with $5000 in credit limit for $10K in purchasing power. Granted I will have to pay off $5K over time but it would be so worth it! Our family has never had a real vacation before and when I went on vacations before getting married, I was always strapped for cash and the credit union would do dumb stuff as they knew I was paying with a debit card. The things me and my now husband went through money wise on vacations was absolutely ridiculous...so much so that we haven't been anywhere but the mountains since and that is in state.
Even if it is once every 5 years, it would be nice to take a full week vacation in Hawaii and then choose are next destination like Disney World for our son.
As the commercial says, "My card can", my cards can't! LOL! But I am only 6-12 months away from a "My card can" card.
Even if it is once every 5 years, it would be nice to take a full week vacation in Hawaii and then choose are next destination like Disney World for our son.
As the commercial says, "My card can", my cards can't! LOL! But I am only 6-12 months away from a "My card can" card.
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! 
I don't see why jdirilo isn't using their points. Of course the rewards are worth it! Now if the points are for travel and you don't travel, then it is hard to see the benefits but rewards points converted to cash or cash rewards already converted help a lot! I have earned $250 in cash back since July and I have redeemed $120 for a statement credit. That is $120 I didn't have to pay for that month! How can you not see the great benefits of cash rewards. I think everyone would rather pay $700 than $820 on a credit card bill, right? Or maybe it is because not enough is being charged every month for the points to really rack up. I put all the bills that I can on credit. Gas and groceries also go on credit. My checking account is a hub for the mortgage checks and credit card payments. Debit card is rarely used and is primarily used at the ATM if it is used.
Now if the points are for travel and you don't travel, then it is hard to see the benefits but rewards points converted to cash or cash rewards already converted help a lot! I have earned $250 in cash back since July and I have redeemed $120 for a statement credit. That is $120 I didn't have to pay for that month! How can you not see the great benefits of cash rewards. I think everyone would rather pay $700 than $820 on a credit card bill, right? Or maybe it is because not enough is being charged every month for the points to really rack up. I put all the bills that I can on credit. Gas and groceries also go on credit. My checking account is a hub for the mortgage checks and credit card payments. Debit card is rarely used and is primarily used at the ATM if it is used.
I also use my cards for consumer protection and in fact, I had to dispute my first charge on the Cap1 Cash Rewards card a couple of weeks ago. Now that Medco is Express Scripts, their business practices have tanked. We recently moved as we closed on a new home. Needed to have some mail order prescriptions filled. I change my address online and request processing. Express Scripts calls and says my balance is over $100 and they can't ship until I pay it. Medco never asked me to pay in advance and I don't want to in case my product never arrives. The prescription was a 3 month supply for $125 so I had to pay the $125 for the med to ship. Express Scripts decides to revert to my old address which I did not forward mail from since all my mail goes to a PO Box. I received meds from them at the new address before so why did they revert to the old address. Then I receive one more order at the new address, so why was the 2nd order sent to my old address but orders 1 and 3 were sent to the new address? I called Medco/Express Scripts for a refund. They tell me no because my address didn't take and they called about it. They called but not about that. They called about my balance being over $100!!! And if my address didn't take, then why was order #1 and #3 automatically sent to my new address but order #2 was not. They said the best they could do was give me the third refill free...that is almost a year from now!!! So I called Cap1 and the CSR agreed that was really fishy and that they should have refunded my money. Capital One quickly reversed the $125 charge. I hate the new Medco/Express Scripts so much that I am considering using the local pharmacy for awhile. It will be more trips because they only give a one month supply versus a three month supply but oh well as I refuse to be forced to pay $125 in advance for a prescription that never arrived and the evidence shows that someone there just screwed up but I shouldn't be at fault for their error! Through my debit card, this would have been absolute nightmare, which is another reason my debit card collects dust.