02-09-2009 11:29 AM
Anyone know what happened to that credit card that was advertising that they rounded up to the nearest dollar and put the money in savings. Example: spend $23.65, 35 cents goes into savings account and total charge was $24.
I don't remember the card name but any help would be appreciated.
Do they do this for a lot of cards or just this particular advertistment. I am new to CC. Thanks
02-09-2009 11:31 AM
02-09-2009 11:38 AM
I agree with creditcard
This is the keep the change debit card from bofa and if you can obtain a rewards card, it would be better.
Keep the change, it is still your money only transferring it to another account.
In a rewards card, they are giving you free money.
02-09-2009 02:29 PM
02-10-2009 04:43 AM
I've had the B of A "keep the change" (or whatever) checking account for over a year and "saved" up the massive amount of $1.23 since inception. I did however earn $0.01 in interest a few months back. As other posters have stated: use your rewards cards to accumulate some REAL cash... then put THAT into savings, if you like.
02-10-2009 05:02 AM
I have Keep the Change and I LOVE IT!!!!!!!!!!!!! It will be 1 year old in May and I have saved over 100.00 so far. If you are a big debit card user like I am then you will save a lot. My daughter has saved over 200.00 so far. She uses her debit card even more than I do.
At anniversary date, B of A will match 100 percent of the first 60 days of use, then 5 percent thereafter.
02-10-2009 05:27 AM
02-10-2009 11:50 AM
well when you don't qualify for those high end rewards cards, the keep the change works just fine
I'm with granny on this one.
I had Keep the Change and also loved it - more than the rewards cards I also have.
Everybody's different, and what works best for or appeals to one person won't work best or appeal to the next person.
To each his own - I loved KtC because I was looking for a painless, automatic way to funnel away extra savings. I'm too impatient to make the most of rewards cards, and though I've made great strides in handling credit in the last few years, I still am uncomfortable using cc's for everyday expenses to earn rewards. I still use my VISA checkcard to make most everyday purchases, and I often had funneled away a decent sum at the end of each cycle.
I was really disappointed when BofA kept slapping holds on my paychecks (my employer couldn't/wouldn't do direct deposit) even months later. I finally gave up on them and went back to my original bank, but I greatly miss that auto-save feature!!
02-10-2009 03:29 PM - edited 02-10-2009 03:30 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.