Credit Cards

[L-TWT]

Regardless if you have the ability to PIF your CC each month, do you find yourself spending more to capitalize on rewards (i.e, cash back/points)? I think I do, and when i calculate my gains to that of what the CCC's make each time i use their card, I start to wonder if reward cards are really worth it

[creditnocash]

1% on everything back is better than 0% on everything. 

or vise versa. taking the time to plan it out is your choice. 

[toiletbowl69er]

I

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L-TWT wrote:

Regardless if you have the ability to PIF your CC each month, do you find yourself spending more to capitalize on rewards (i.e, cash back/points)? I think I do, and when i calculate my gains to that of what the CCC's make each time i use their card, I start to wonder if reward cards are really worth it

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I can't say that ill go out of my way to use the card in order to gain points (Only during sign up bonuses). i use the card for things I would purchase everyday with cash and only will use the card if I have the actual amount of cash to pay it off. 

[jsickz32]

im the worst when it comes to rewards....

[kimmiller112]

I like having rewards cards but I don't spend any more than I normally would just to get rewards.  I do plan out the cards I will be using especially when the Chase and Discover categories are ones I use.

[Imua]

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L-TWT wrote:

Regardless if you have the ability to PIF your CC each month, do you find yourself spending more to capitalize on rewards (i.e, cash back/points)? I think I do, and when i calculate my gains to that of what the CCC's make each time i use their card, I start to wonder if reward cards are really worth it

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i don't spend any more (as in buying something i wouldn'thave bought anyway) but i do pay for some things via a rewards card that i used to pay by check (e.g. nursing license renewal, car insurance premium every 6 months, annual car registration)

[webhopper]

I found myself doing that with credit cards and overspending. . Which is why I switched to a charge card.

[pt2005]

I think cash rewards definitely help if you plan it right and of course if you spend because you need to spend, not because you want to see the rewards.

Since early Oct, I collected $38 from Discover More, $40 from Cap1, $47 from AMEX TrueEarnings, and $46 from Chase Freedom. Total almost $200 for 2 months.

I spent about 8 past years using my ATM card only and that was my big mistake IMO. Not only did I not build my credit, but never got any cash back.

[distantarray]

careful with reward cards mainly because if you carry a balance all the rewards are gone! through apr

[creditnocash]

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distantarray wrote:

careful with reward cards mainly because if you carry a balance all the rewards are gone! through apr

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be a pifuller. 

i treat all my cards like charge cards. 

except my best buy because its 0% for two years anyways. 

and all my new cards are 0% until july and august.