Reply
Regular Contributor
JackBeNimble
Posts: 175
Registered: ‎04-02-2010
0

Rewards

Okay, I don't get the rewards thing.

 

I don't want rewards that require me to spend $10 that I wouldn't otherwise spend in order to be rewarded with $1!

 

I recently took the time to look at the rewards on my Citi card and I don't want to buy any of that stuff!  I have a Discover and it tells me I've got $30 of rewards coming but it never seems to show up.

 

And not only that, all this rewards stuff takes time to manage, track, etc.

 

So, how do you rewards wizards out there actually make the program work for you?

-----
04/2010 EQ 656 TU 648
05/2010 EQ 669 TU 664
06/2010 EQ 674 TU 678
07/2010 EQ 666 TU 667
Regular Contributor
hawkeye33
Posts: 248
Registered: ‎09-04-2008
0

Re: Rewards

I spend $10 on something I know I already have to spend on (e.g., utility payments, food, gas, etc.) and PIF at the end of the month. I repeat the process for several to many months. Then I go out and buy a really big HD TV. :smileyvery-happy:

 


JackBeNimble wrote:

Okay, I don't get the rewards thing.

 

I don't want rewards that require me to spend $10 that I wouldn't otherwise spend in order to be rewarded with $1!

 

I recently took the time to look at the rewards on my Citi card and I don't want to buy any of that stuff!  I have a Discover and it tells me I've got $30 of rewards coming but it never seems to show up.

 

And not only that, all this rewards stuff takes time to manage, track, etc.

 

So, how do you rewards wizards out there actually make the program work for you?


 

Valued Contributor
thrasher865
Posts: 1,163
Registered: ‎05-21-2008
0

Re: Rewards


JackBeNimble wrote:

Okay, I don't get the rewards thing.

 

I don't want rewards that require me to spend $10 that I wouldn't otherwise spend in order to be rewarded with $1!

 


What rewards require you to do that?  Secondly, what card do you have that gives 10% cashback? :smileytongue:

 

I don't see what you're complaining about, if you don't want to worry with rewards then don't.  It's not that complicated, just use your rewards card as if it were a debit card.  You have to buy stuff, right?  So buy it with the credit card and pay it off each month.  You will accumulate rewards for the things you're already buying.  I just re-read my Discover card contract and nowhere does it say that I have to spend money on things I wasn't already going to buy to get rewards.

 

Now because you said you spend $10 and get $1 back, I assume you may be talking about those services like ShopDiscover.  You don't have to use that to get rewards.  If I want to buy something, and if i remember to do it, I try to check the vendors on ShopDiscover to see if I can get it anywhere that offers a high cashback reward i.e. 10-20% instead of the 1% I'd get in the store.


Starting Score: EQ: 665 - TU: 687
Current Score: EQ: 749 - TU: ---
Goal Score: EQ: 760 - TU: 760


Take the FICO Fitness Challenge
Valued Contributor
Uborrow-Upay
Posts: 2,710
Registered: ‎10-16-2008
0

Re: Rewards

thrasher865, I think I know which rewards program Jack's talking about...and it does suck, IMO.

 

It's the Citi Extracash program.  You'll get 10% rewards in Citicash, which is only spendable on the items offered in that program.  The items available usually are offered for X amount of real dollars (charged to your Citi card), plus X amount of Citicash.  

 

For example, there may be a twenty dollar item available to you for $8.00 in real money plus $12 in Citicash.  Personally, I haven't used even one dollar of my Citicash.  I don't see anything they have that I'd want, not for plus any real money anyways.  But opinions vary, and I guess some of these things are just fine...for somebody else.

 

I do work the rewards programs on other cards to best advantage, though.  I'm going to spend the money anyways, might as well get some of it back in the rewards.  It amazes me sometime to see how they accumulate.  It amazes me (scares me, really) even more to think of the money I've spent to get those points...

 

 

Valued Contributor
casinoannie97
Posts: 1,989
Registered: ‎08-17-2007
0

Re: Rewards

I've got a rewards card and I can never get the link to it.

Consequently I haven't used it.:smileysad:

New Contributor
LustForTheMoment
Posts: 65
Registered: ‎03-24-2007
0

Re: Rewards

Forget "rewards" cards. You're usually much better off with a good cashback card like Fidelity AMEX ( 2%) or PenFed Visa (5% gas, 2% groceries, 1% everything else) or AMEX BLUE CASH (if you're a heavy spender).

 

Good Luck,

-------------------------------------------------

EQ FICO...816
Valued Contributor
casinoannie97
Posts: 1,989
Registered: ‎08-17-2007
0

Re: Rewards

Well it came with my favorite card CCCU.  I wonder

if they know you can't get in touch with this rewards

company.  Maybe I should call them????

Regular Contributor
UpNUp
Posts: 139
Registered: ‎08-20-2008
0

Re: Rewards


LustForTheMoment wrote:

Forget "rewards" cards. You're usually much better off with a good cashback card like Fidelity AMEX ( 2%) or PenFed Visa (5% gas, 2% groceries, 1% everything else) or AMEX BLUE CASH (if you're a heavy spender).

 

Good Luck,


LustForTheMoment:

 

What do you consider a heavy spender? I have my eye on this card and would run 20K - 25K on this card. Is that enough to make it worthwhile? I understand the rewards go up significantly after spending 6.5K.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}