Temptation: would you get a credit card justto get the juicy discount?

[littleroc02us]

Originally Posted by disneysteve

I agree. I am not the typical American at all - didn't mean to imply otherwise. I'm weird, to use DR's term. Normal is broke. (See, I can channel DR, too. )

I was just trying to make the point that while Dave's advice is generally sound, it doesn't apply to 100% of people. So when giving advice here, you need to keep in mind that some of the posters, like myself, are among that group for whom Dave's advice doesn't always apply.

If the person asking the original question was a typical DR caller, my response would certainly be different and I'd tell them no way in hell should they take out a credit card just to get a discount.

Totally agree!

[Naz56]

Yeah, I'd go for it. The discount will probably give me a good deal anyway so why not?

[NolaP]

Maybe you can just look on ebay or somewhere else and find a discount on the items you are looking to buy that would equal the $40 reward, and then you won't need to go through the hassle of applying for the card and then canceling it. Bargain shopping is so much more rewarding than paying full price for something.

[canada94]

Just remember to pay the card off in FULL every month, it will be fine,

[Frugal]

No. I don't use credit cards, and some people get one and then the company does not honor the cash amount you are supposed to get starting out, say $100, or the discount you are supposed to receive. This is what happened to my family member. The credit card companies don't care about ripping people off; in my opinion, they are just in it for making money, like any other business. Credit cards are certainly a "tricky business", and usually end up costing you money, rather than saving money in the long run.

[debtfreeme]

Nope.

[Bades]

Originally Posted by Frugal

No. I don't use credit cards, and some people get one and then the company does not honor the cash amount you are supposed to get starting out, say $100, or the discount you are supposed to receive. This is what happened to my family member. The credit card companies don't care about ripping people off; in my opinion, they are just in it for making money, like any other business. Credit cards are certainly a "tricky business", and usually end up costing you money, rather than saving money in the long run.

I don't quite get people that don't use credit cards. How do you build up your credit, do you want to buy a house one day? I've had a credit card since I was 18, I bought my first car (23 now) and I didn't need a parent to co-sign, the car dealer said I had great credit (750).

Credit Cards are great if you don't them overtake you. My credit cards points program is also great. Over the last couple years I've accumulated over $300 in gift cards to Amazon, I love Amazon!

If you pay your CC off monthly and never miss a payment, a credit card will never cost a single cent throughout your lifetime.

[woodie96]

I always do the lowes or home depot credit card when I buy something large. When DW and I were building our deck, we saved over 280 bucks on the material. when the card came, paid it off in full. So a good savings IMHO

[woodie96]

I always do the lowes or home depot credit card when I buy something large. When DW and I were building our deck, we saved over 280 bucks on the material. when the card came, paid it off in full. So a good savings IMHO

[MegaMagma39]

Definitely not. You may save money on that one purchase, but think about all of the interest you'll have to pay over time. That is one temptation that you should absolutely resist!