How people view your CC usage.

[newUser0]

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@youngandcreditwrthy wrote:

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.

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Wow.. Is that still works for you? I have read that chase changed this for existing customers too.

Lucky you! Enjoy!

[j_casteel]

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@Themanwhocan wrote:

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@longtimelurker wrote:

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@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.

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

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I imagine the typical conversation goes something like this:

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

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Do people actually do that? Lol

[Themanwhocan]

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@j_casteel wrote:

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@Themanwhocan wrote:

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@longtimelurker wrote:

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@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.

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

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I imagine the typical conversation goes something like this:

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

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Do people actually do that? Lol

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Its in the Internet. They can't put it in the Internet if it isn't true.

[j_casteel]

True, reminds me of an Abe Lincoln quote.

[Themanwhocan]

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@j_casteel wrote:
True, reminds me of an Abe Lincoln quote.

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[longtimelurker]

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@Themanwhocan wrote:

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@longtimelurker wrote:

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@Themanwhocan wrote:

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

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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).

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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.

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Right, but these don't scale much, like the spend 1c get $25 initial use offers.   To me, getting more than 5% would mean that for all X, spending X (in certain categories) gives me more than 0.05X in rewards.   

[j_casteel]

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@Themanwhocan wrote:

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@j_casteel wrote:
True, reminds me of an Abe Lincoln quote.

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that's the one

[Stralem]

That YouTube clip... Gah. Had I never found this and similar forums, I'd have called BS on it.

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@MoreRewards wrote:

Do people ever have reactions to the amount or usage of your cards? 

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I don't speak about my personal finances with anyone. My mother knows I have credit cards because I've made her an AU on a couple of them. My siblings and other family probably know, but like I said, I don't discuss my finances with them and they don't pry.

My friends know I have a couple of cards, but they have cards as well (Amex Platinums and CSPs to boot), so it's not exactly the most thrilling discussion topic. They only ever say anything when I make small purchases with a card instead of cash. I have to tell them that Dunkin Donuts doesn't care how I pay for my $2 cup of caffeinated bean juice, just that I pay period.

[longtimelurker]

Yes, hopefully most of us keep our cc obsession here and not in the rest of our lives.   When people talk about having all their credit cards in a spreadsheet, with statement cut, payment due, APR, CL, 0% period etc, I just have a vision of someone bringing that out on a first date.  

"And the reason I'm paying with the Freedom, is that this quarter I get 5% (up to $1,500) which I can transfer to my CSP, or Ink for that matter, then I can transfer them to British Airways Avios which I can then use on American.   Now I was thinking of using my cash plus, but the utilization on that is 32.51% and US Bank reports at the end of the month and I want to..   Where are you going????"

[mattmix36]

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@j_casteel wrote:

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@Themanwhocan wrote:

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@longtimelurker wrote:

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@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.

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

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I imagine the typical conversation goes something like this:

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

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Do people actually do that? Lol

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haha...I remember forcing my wife to watch this movie...that was my favorite scene!