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Old 07-05-2005, 07:19 PM
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jmjj215 jmjj215 is offline
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Default Re: MBNA raises rate, no reason

MizPat, people refute the 1% you're getting back by saying that you spend more w/ a credit card (or debit card) than with cash b/c cash "hurts" when you spend it. My wife and I are implementing cash only groceries for the next six months to test this theory.

We do 1% also, autopay the balance in full each month directly from our checking account. The 1% is the equivalent of a month's worth of groceries over a year. Like you said, that's a lot of groceries
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