building credit

[MadMojoMonkey]

An obvious example: if you pay your bills with a credit card, you get back 1-5% (assuming you have a card with good rewards). That's like an instant discount on your bills.

LOL at cash back from a company that charges you interest.

Take out the ridiculous frills and pseudo-prizes, and just lower the rate, I say.

Do you actually feel like there's realized value in that 1-5%, Giz? It's less than sales tax, and you're still paying interest on the credit line.

[givememyleg]

LOL at cash back from a company that charges you interest.

Take out the ridiculous frills and pseudo-prizes, and just lower the rate, I say.

Do you actually feel like there's realized value in that 1-5%, Giz? It's less than sales tax, and you're still paying interest on the credit line.

how is there no "value" in free money? let's say in one year you end up spending $3k per month on your CC through bills, purchasing stuff, etc. That's $36k per year, or an extra $360 at 1% cashback. Sure $360 isn't a huge payday, but it's enough to pay for a weekend getaway with the wife/so, help with christmas presents, or a fancy night out, etc etc. plus they usually run special promos where you can get 5% cashback at some places.

also not sure if you know based on your reply but you're only charged interest in purchases if you let your balance roll over to the next month. so let's say i spend $3k jan 1 - jan 31, as long as i pay it off in full when my bill is due in february, i'm charged nothing.

[Pascal]

Sure $360 isn't a huge payday, but it's enough to pay for a weekend getaway with hookers and blow

u withered fyp

[bode]

LOL at cash back from a company that charges you interest.

Take out the ridiculous frills and pseudo-prizes, and just lower the rate, I say.

Do you actually feel like there's realized value in that 1-5%, Giz? It's less than sales tax, and you're still paying interest on the credit line.

wat? you're obv not reaping any benefits if you use a credit card like a retard and carry a balance over each month. like gmml, i get +/- $500 back every year on my CC spending. Thats not some huge amount, but i'll take that all day for doing nothing other than paying what amounts to 1 extra bill per month.

[NightGizmo]

Do you actually feel like there's realized value in that 1-5%, Giz? It's less than sales tax, and you're still paying interest on the credit line.

Like everyone else said, I'm assuming you don't carry a balance, which means you don't pay any interest. Seriously, paying interest on credit card debt is one of the worst things you can do, financially.