What do you do with your Cash Back?

[Anonymous]

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@Anonymouswrote:

Mine goes straight into savings.

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I am thinking of doing that with my BofA Cash Rewards, because they give you an extra 10% when you deposit it into your checking or savings account.

[Anonymous]

<mod edit>

Mod note:  Gotta keep it family-friendly...  --UB

[Anonymous]

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@Anonymouswrote:
<mod edit>

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There's always one... ;-)

[Anonymous]

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@Anonymouswrote:

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@Anonymouswrote:

Mine goes straight into savings.

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I am thinking of doing that with my BofA Cash Rewards, because they give you an extra 10% when you deposit it into your checking or savings account.

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I send mine over to my ME account for the 10% bonus then request a check be sent. Rewards get cashed out before heading to Disney...this pays for extras while there.

[Anonymous]

Other than transferring them over to Chase UR for all Chase products. I typically get a statement credit on the others.

[AverageJoesCredit]

Spend it

[Anonymous]

I let it sit and build up. Then I use it as a statement credit one month when I want to spend more. I like it getting over $100 when possible. Just a fun game for me. I do this with every card I use.

[imaximous]

In the past, I was just waiting to accumulate a decent amount, and then applying it as a statement credit or to erase purchases.
Now, I'm saving all of it, and then periodically, I transfer the rewards into an account designated just for that. It's my cashback savings account
Basically, a savings account that I use for vacation or some unnecessary toy

[Anonymous]

Statement credit fer me.  Anything to make a bill smaller.

[UFGuy2006]

I usually try to ensure I redeem it the moment I hit the required "redemption threshold" and then throw that into savings. I use mint to track when I get these "bonuses" so I can do a happy dance at the end of the year lol.