How people view your CC usage.

[Themanwhocan]

---

@mattmix36 wrote:
I was at lunch with a couple of my friends/coworkers t a couple of weeks ago. One friend pays with debit, the other pays with freedom. I tell my freedom friend that his card is a good deal like my discover getting 5% back in category spending. My debit friend says "I had no idea you can get a card with 5% back....what a newb.

---

Right. You can even get cards that pay more than 5% cash back, with no annual fees.

Edit: I can think of 3 cards with no annual fee, that can give more than 5% cash back.

[nachoslibres]

No, but my friends like to pick my brains about budgeting - because they know I am OCD.  Example - if I know that a $12 charge is due annually I budget $1 a month for it.

Some of them know I use credit cards to maximize points but none of them are really interested in that (even though some of them do carry cards like the CSP).  Like someone else stated it isn't really something we talk about - unless they bring it up first.

[Anonymous]

---

@Themanwhocan wrote:

Edit: I can think of 3 cards with no annual fee, that can give more than 5% cash back.

---

OK, I'll bite!   Which ones are you thinking of?    I think it also depends on definitions, so some cards give back say $25 with the first purchase (some cards from Barclays for example).   So if I just spend 1c, I get $25 back!   What  a card!   But doesn't really scale.

I suspect one of your three is the Cash Plus, with the additional $25 for redeeming $100.  But that's only true for small spends (per card).

[Anonymous]

---

@j_casteel wrote:
Credit or credit cards are never the topic of discussion with my friends. We all have em but don't know any specifics about each other.

---

I don't understand.   What do you talk about then!

[j_casteel]

---

@Anonymous wrote:

---

@j_casteel wrote:
Credit or credit cards are never the topic of discussion with my friends. We all have em but don't know any specifics about each other.

---

I don't understand.   What do you talk about then!

---

Just boring stuff like: family, hunting, fishing, sports, weather all while drinking beers. I should only allow CC talk from now on and see how long I have friends. Well, I guess I'll always have you guys here at myFICO so I'm golden either way. 

[Themanwhocan]

---

@Anonymous wrote:

---

@Themanwhocan wrote:

Edit: I can think of 3 cards with no annual fee, that can give more than 5% cash back.

---

OK, I'll bite!   Which ones are you thinking of?    I think it also depends on definitions, so some cards give back say $25 with the first purchase (some cards from Barclays for example).   So if I just spend 1c, I get $25 back!   What  a card!   But doesn't really scale.

I suspect one of your three is the Cash Plus, with the additional $25 for redeeming $100.  But that's only true for small spends (per card).

---

Citizens Bank Green$ense (25 cents per transaction, 50 cents if you have certain other Citizens Bank accounts). Less than $5 transactions = more than 5% cash back. For example $4 transactions would be 6.25% cash back; $2.50 transactions would be 10% cash back, etc.

US Bank Cash+ $2000 spend in 5% categories per year, with $25 bonus, wouldbe 6.25% cash back.

Bank Of America Better Balance Rewards.

[PandiferBear]

---

@E150GT wrote:

my friends think I am obsessive. They made fun of me when I told em I was on a credit card forum. I dont care. They do ask me for credit card advice and credit advicein general when they need it though. 

---

+1

My husband thinks I am a little crazy about these things, and he is amused by the enjoyment I get from these boards.  BUT - in the end - when it comes down to anything financial, he looks my way.  And he knows to use this card for gas, that one for grocieries, not to touch that one until the BT is paid in full, etc.  There is a method to my madness.

[Themanwhocan]

---

@Anonymous wrote:

---

@j_casteel wrote:
Credit or credit cards are never the topic of discussion with my friends. We all have em but don't know any specifics about each other.

---

I don't understand.   What do you talk about then!

---

I imagine the typical conversation goes something like this:

http://www.youtube.com/watch?v=EePcWVFtRCU

[youngandcreditwrthy]

My friends def'ly ask me for financial advice, but I am a finance/economics major of sorts. LOL

There are so many misconceptions about credit, and this forum has taught me so much. I actually just use the advice from here creditwise when I discuss with friends.

[youngandcreditwrthy]

I average 6% on Freedom on the rotating cats.. I get the 10 pts per purchase and 10% on top of that... all with no AF.